John Hawkins, FirstEnergy President, Pennsylvania: "We know how much our customers count on reliable electricity every day to brighten their homes and power their businesses. We're investing in new equipment to get ahead of outages before they happen – and respond faster when they do. These upgrades are expected to make a real difference for the Bradford community." Upgrades That Deliver Impact Work part of $538 million investment to benefit Penelec customers ERIE, Pa., Jan. 28, 2026 /PRNewswire/ -- FirstEn ...

Core Insights - Jersey Central Power & Light (JCP&L) is investing $108 million through 2028 to enhance the electric grid in Ocean County, New Jersey, to meet increasing energy demands and improve reliability [1][2][7] Investment Details - The initial phase includes $21 million in upgrades for 2025, which involves adding two new transformers and upgrading an existing one at a local substation [3] - An additional $29 million will be invested from 2026 to 2028 as part of the New Jersey Reliability Improvement Project, focusing on enhancing reliability in areas with a history of outages [4] - A further $58 million is allocated for upgrades through 2028 under the EnergizeNJ program, which aims to modernize the grid and improve system resiliency [5] Population and Demand Growth - Ocean County's population has increased by nearly 30,000 residents from 2020 to 2024, leading to a surge in energy demand [2] - Businesses and developers have requested over 50 megawatts (MW) of new connections in the past year, sufficient to power approximately 50,000 homes [2] System Enhancements - Upgrades will include stronger power lines and the installation of automatic transfer devices to improve service reliability during outages [4][6] - More than 200 new "TripSaver" devices will be added to automatically restore power during temporary outages [6] Long-term Strategy - JCP&L's initiatives are part of FirstEnergy's broader Energize365 program, which plans to invest $28 billion from 2025 to 2029 to modernize the electric grid [7] - The goal is to create a smarter and more secure grid that can accommodate current and future customer needs [7]

Financial Performance - Worthington Steel's net sales for the trailing twelve months (TTM) were $3.132 billion[70, 104] - The adjusted EBITDA for the TTM period was $235 million, with a margin of 7.5%[11, 71, 104] - Free cash flow for the TTM period was $32.4 million[11, 104] - Capital expenditures for the TTM period were $138.3 million, representing 4.4% of sales[11] Market Position and Strategy - The company delivered 3.7 million tons of steel in the TTM period, with 2.2 million tons direct and 1.5 million tons toll[11] - Automotive accounts for 53% of net sales, followed by Construction at 11%[13, 34] - The company is targeting a 10%+ adjusted EBITDA margin through various strategies[76, 77] - The company has a strong balance sheet with net leverage at 0.66x and total liquidity of $355 million[88] Growth Initiatives - The company is investing $85 million in Mexico to increase motor lamination capacity for xEV demand, targeting production start in early CY 2026[55, 59] - The company is investing $85 million in Canada to increase transformer core making capacity, targeting production start in early CY 2026[56, 59] - The company acquired a 52% ownership in Sitem Group to strengthen its electrical steel business globally[62, 66]

Core Insights - The article discusses the growing electricity demand in communities served by JCP&L and the upgrades being made to enhance grid resiliency and flexibility [1][2] Group 1: Project Overview - The upgrades are part of JCP&L's New Jersey Reliability Improvement Project, which is a two-phase initiative aimed at improving the reliability of lines with a history of outages [3] - At least $95 million will be invested in upgrades over the next two years, with longer-term projects extending through 2028 [3] Group 2: Investment Program - The New Jersey Reliability Improvement Project is part of FirstEnergy's broader Energize365 program, which involves a $28 billion investment to modernize the electric grid from 2025 to 2029 [4] Group 3: Customer Base - JCP&L serves approximately 1.1 million customers across multiple counties in New Jersey [5] Group 4: Infrastructure Enhancements - Key enhancements include reconfiguring neighborhood circuits for better reliability, upgrading over 20 miles of overhead power lines, installing nearly 3 miles of underground wires, and increasing automated technology for quicker service restoration [8] - Additional efforts include enhanced vegetation management to improve service reliability [8]