July 27, 2016 6:38 PM ET

Electric Utilities

Company Overview of Pennsylvania Electric Company

Company Overview

Pennsylvania Electric Company operates as an electric transmission and distribution system in Pennsylvania and New York. As of February 16, 2016, it served approximately 600,000 customers in northern and central Pennsylvania. The company was founded in 1919 and is based in Akron, Ohio. Pennsylvania Electric Company is a subsidiary of FirstEnergy Corp.

76 South Main Street

Akron, OH 44308

United States

Founded in 1919

Phone:

800-545-7741

Key Executives for Pennsylvania Electric Company

Chief Financial Officer, Senior Vice President and Director
Age: 62
President of Pennsylvania Operations
Age: 54
Regional President
Chief Legal Officer and Executive Vice President of Markets
Age: 57
Vice President and Treasurer
Age: 45
Compensation as of Fiscal Year 2016.

Pennsylvania Electric Company Key Developments

Auction Process For Pennsylvania Utilities To Start

FirstEnergy Corp. (NYSE:FE)'s Metropolitan Edison Company, Pennsylvania Electric Company, Pennsylvania Power Company and West Penn Power Company are up for sale. CRA International said on April 19, 2016 the auction process for First Energy's Pennsylvania utilities will start. CRA International said there will be an information session for bidders on April 27 and the process will lead up to the auction on June 27.

Pennsylvania Electric Company Installs Laptops in Service Vehicles to Enhance Utility Work

Pennsylvania Electric Company (Penelec) has announced that it is installing laptop computers on more than 400 line trucks and support vehicles to enhance service and manage repair work. The $3.8 million project is expected to be completed later this year. Using the new laptops will help crews save time by viewing work orders electronically rather than writing the information down when radioed or phoned in from the company's dispatching office. The advanced technology displays detailed maps of Penelec's distribution and transmission systems and flags where other company crews are working. The laptop computers also use global positioning technology to provide turn-by-turn directions to work locations.

FirstEnergy Announces New Distribution Lines in Central Pennsylvania

FirstEnergy has announced that Pennsylvania Electric Company, or Penelec, is constructing new power lines and rebuilding others at a cost of nearly $6 million to serve natural gas pumping stations being constructed in central Pennsylvania. The new distribution lines will run nearly 15 miles from existing Penelec substations in McConnellstown and Blain and will provide electric service to new natural gas pumping stations being built in Marcklesburg and Doylesburg. The projects include installing wire, electrical equipment and more than 300 new steel, wood and laminate poles. The work is expected to be completed later this summer and is designed to handle the approximately 2.8 megawatts in new electric load anticipated on the Penelec system when the pumping stations are operational. In addition, the projects will help enhance service reliability for Penelec customers in Blain, Jackson Borough, Toboyne Township, Walker Township, and Penn Township. The work is part of FirstEnergy's plans to invest approximately $221 million in 2015 on service reliability infrastructure enhancements and transmission projects in Penelec's service area.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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