firstenergy corp (FE) Key Developments
Firstenergy Corp. Announces Executive Changes
May 22 15
FirstEnergy Corp. announced at its organizational meeting on May 19, 2015, the Board appointed Dr. Thornton to its Compensation Committee and its Finance Committee, effective immediately. In addition, at such organizational meeting, the Board appointed Donald T. Misheff to its Compensation Committee and its Audit Committee and Julia L. Johnson to its Nuclear Committee. Each appointment was effective immediately. In connection with these appointments, Mr. Misheff and Ms. Johnson concluded their service on the Finance Committee, and Mr. Misheff concluded his service on the Nuclear Committee.
FirstEnergy Corp. - Special Call
May 20 15
FirstEnergy Corp. - Special Call
FirstEnergy Corp. Announces Management Promotions
May 19 15
FirstEnergy Corp. announced that its board of directors has named Dennis M. Chack to senior vice president, Marketing and Branding, and Gary D. Benz to senior vice president, Strategy. The promotions will be effective June 1, 2015. Chack, currently president, Ohio Operations, will have overall responsibility for corporate branding and marketing of services and energy efficiency programs and will report to FirstEnergy President and Chief Executive Officer Charles E. Jones. He will also oversee the newly created FirstEnergy Products group, which will develop new value-added products and services that benefit customers. Reporting to Chack will be Gretchan Sekulich, vice president, Communications and Marketing, whose new responsibilities include creating a corporate marketing strategy and communications programs to promote FirstEnergy's brand and new products and services. In addition, she will continue to oversee corporate communications. John Dargie, vice president, Energy Efficiency, will also report to Chack. Currently vice president, Supply Chain, Benz will report to executive vice president, Markets and Chief Legal Officer Leila Vespoli. He will lead the ongoing refinement of FirstEnergy's corporate strategy and long-term business forecast, monitor strategy implementation and oversee development of new business opportunities. Dave Pinter, executive director, Business Development, and Nick Fernandez, director, Business Planning and Performance, will report to Benz.
FirstEnergy Corp. Transmission Substation Nears Completion in Elk County, Pennsylvania
May 14 15
FirstEnergy Corp. has nearly completed construction of a new transmission substation in Elk County, Pa., that will include voltage-regulating equipment designed to reinforce the electric system and enhance service reliability for West Penn Power and Pennsylvania Electric company (Penelec) utility customers. The $48 million project includes the installation of specialized voltage-regulating equipment that is designed to respond to real-time electrical conditions, boosting or reducing voltage as needed to maintain consistent levels on the regional transmission network. The substation work also includes installing capacitor banks, circuit breakers, transformers, communications equipment and a modular control building. Located in Fox Township near St. Marys, the substation is expected to be completed and energized by early June. The project will benefit more than 95,000 FirstEnergy utility customers, including West Penn Power customers in Elk, Centre and Potter counties, and Penelec customers in Clearfield, Jefferson, Forest, Warren, McKean and Potter counties.
FirstEnergy Corp. Expands Transmission Substation in Frederick County, Maryland
May 6 15
FirstEnergy Corp. announced that the company is expanding a transmission substation in Frederick, Maryland, to accommodate new voltage-regulating equipment designed to help reinforce the electric system, support load growth and enhance service reliability in Potomac Edison's service area. The $34 million project includes the installation of specialized voltage-regulating equipment that responds to real-time electrical conditions, boosting or reducing voltage, as needed, to maintain consistent levels on the regional transmission network. The substation work includes the addition of new capacitor banks, circuit breakers, communications equipment and a control building. In addition, four massive electrical transformers, weighing about 173,000 pounds each and measuring about 12 feet tall by 12 feet wide, are being installed as part of this project. The work is expected to be completed in October. The project will benefit more than 125,000 Potomac Edison customers in Frederick city, eastern Frederick County, and western Montgomery County. The substation expansion is part of the company’s previously announced plans to spend $128 million in 2015 in Potomac Edison's service area in western Maryland and the Eastern Panhandle of West Virginia to enhance service reliability and help meet future load growth. About $22 million of the budgeted total will be for transmission-related projects owned by the Trans-Allegheny Interstate Line Company (TrAILCo), a FirstEnergy transmission affiliate.