FirstEnergy s Pennsylvania Utilities Wrap Up 2020 Projects to Strengthen, Modernize Power System
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GREENSBURG, Pa., Jan. 26, 2021 /PRNewswire/ FirstEnergy Corp. s (NYSE: FE) Pennsylvania utilities completed more than $120 million in major projects over the last year that include infrastructure and technological upgrades to the electric distribution system. The investment is part of a five-year plan designed to enhance electric service reliability and minimize the impact of outages for two million customers served by Pennsylvania Power (Penn Power), West Penn Power, Pennsylvania Electric Company (Penelec) and Metropolitan Edison (Met-Ed).
Known as FirstEnergy s Long Term Infrastructure Improvement Plan (LTIIP II), the $572 million capital investment plan, which runs from 2020-2024, builds on $360 million in similar system improvements made from 2016-2019 during phase one of the plan. LTIIP projects include accelerated distri
Three FirstEnergy Pennsylvania Utilities Launch Request for Proposal for Solar Energy Credits
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READING, Pa., Jan. 19, 2021 /PRNewswire/ FirstEnergy Corp. (NYSE: FE) is issuing a Request for Proposal (RFP) to purchase 137,000 Solar Photovoltaic Alternative Energy Credits (SPAECs) annually over a two-year period on behalf of three FirstEnergy Pennsylvania utilities – Pennsylvania Power Company (Penn Power), Pennsylvania Electric Company (Penelec), and Metropolitan Edison Company (Met-Ed).
Penelec Logo (PRNewsfoto/FirstEnergy Corp.)
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The RFP process will be conducted by The Brattle Group and will take place in January and February, with qualifying applications due by February 9, 2021, and bids due by March 3, 2021. Bidders in this RFP can offer to sell tranches of SPAECs, where each tranche represents a commitment to sell 500 SPAECs annually over a two-year period with delive