FirstEnergy Awarded Projects by PJM Interconnection to Enhance Reliability and Address Rising Customer Demand

Core Points - FirstEnergy Transmission LLC (FET) has been awarded multiple transmission projects by PJM Interconnection, amounting to approximately 1.25 billion in investments aimed at enhancing the electric grid and supporting regional economic growth [1][2][3] - The projects include a joint venture with Dominion Energy and American Electric Power Company, as well as individual projects within FET's service territory [1][4] - FirstEnergy's subsidiaries, including Potomac Edison, JCP&L, and Keystone Appalachian Transmission Company, will invest an additional 46 million for equipment upgrades and transmission line reconfigurations in Maryland, New Jersey, and Pennsylvania [2][3] Investment Details - The approved projects were proposed through PJM's 2024 Regional Transmission Expansion Plan and were approved on February 26, 2025 [3] - FET's investment includes approximately $1 billion for the Valley Link joint venture, which involves building around 260 miles of 765-kilovolt transmission lines and two substations between West Virginia and Maryland, and 155 miles of 765-kilovolt transmission lines in Virginia [7] - In Ohio, FET plans to invest$217 million to rebuild approximately 59 miles of 138-kilovolt transmission lines, and in Pennsylvania, $33 million will be allocated for rebuilding and reconfiguring two 115-kilovolt substations [7] Company Overview - FET is jointly owned by FirstEnergy Corp. and Brookfield Super-Core Infrastructure Partners, and operates American Transmission Systems Inc., Mid-Atlantic Interstate Transmission LLC, and Trans-Allegheny Interstate Line Company [5] - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving customers across several states including Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York [5]