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March 27, 2015 1:32 PM ET

Electric Utilities

Company Overview of Pennsylvania Electric Company

Company Overview

Pennsylvania Electric Company operates as an electric utility in Pennsylvania. It provides transmission and distribution services in western, northern, and south central Pennsylvania. The company was founded in 1919 and is based in Akron, Ohio. Pennsylvania Electric Company operates as a subsidiary of FirstEnergy Corp.

76 South Main Street

Akron, OH 44308

United States

Founded in 1919

Phone:

800-736-3402

Key Executives for Pennsylvania Electric Company

President and Director
Age: 58
Chief Financial Officer, Senior Vice President and Director
Age: 60
President of Pennsylvania Operations
Age: 52
Regional President
Chief Legal Officer and Executive Vice President of Markets
Age: 55
Compensation as of Fiscal Year 2014.

Pennsylvania Electric Company Key Developments

Pennsylvania Electric Company's Utility Workers Union of America and Local 180 to Return to Work

Pennsylvania Electric Company will end its lockout of Utility Workers Union of America (UWUA) Local 180 members on April 14, 2014. The action ends a 20-week lockout that began on November 25, 2013. UWUA Local 180 employees were notified on April 6, 2014 that they will be returning to work under the terms of the company's Last, Best and Final Offer (LBFO) of November 6, 2013. The LBFO contains wage increases, increases in shift premiums and meal allowances, and additional operational improvements such as a new job classification intended to increase customer service and efficiency. Local 180 members will return to their normal reporting location at 7 a.m. on April 14, 2014. Employees will be reinstated to the positions they held prior to the lockout.

Pennsylvania Electric Company Spends $105 Million in 2013 Designed to Enhance Electric System and Reliability

Pennsylvania Electric Company, a subsidiary of FirstEnergy Corp., is spending approximately $105 million in 2013 to expand and strengthen its existing infrastructure in its 31-county service territory. Major projects scheduled for this year include building new or upgrading existing distribution circuits, ongoing vegetation management programs, and inspecting and replacing utility poles. In addition, other projects will include the installation of automated and remote control devices designed to enhance the company's electric system and reliability. The company's 2013 reliability projects are expected to have both localized and widespread benefits to customers throughout its 17,000 square mile service area. The scheduled projects include: Upgrading distribution circuit equipment by installing new sectionalizing devices, such as fuses and reclosers, to help limit the scope of outages across the entire Penelec service territory. The cost of this project is approximately $28 million; Installing radio controlled switches that can be operated remotely from the company dispatch center, giving system operators the ability to restore power quickly and efficiently; Installing equipment to help maintain proper voltage levels. This is expected to benefit Penelec's industrial and large commercial customers that operate large motors, drives and other machinery; Inspecting and replacing utility poles. This inspection process is conducted on a 12-year cycle. Inspections began in January, with replacement work scheduled to be completed throughout the fall; Spending approximately $19 million as part of Penelec's ongoing vegetation management program to trim trees and maintain proper clearances to protect against tree-related storm damage. Trees are the leading cause of power outages in Pennsylvania.

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