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April 18, 2015 9:28 AM ET

Electric Utilities

Company Overview of Metropolitan Edison Company

Company Overview

Metropolitan Edison Company operates as an electric transmission and distribution company in Pennsylvania. As of July 7, 2014, it served approximately 560,000 customers in 15 Pennsylvania counties. The company was founded in 1917 and is based in Akron, Ohio. Metropolitan Edison Company is a subsidiary of FirstEnergy Corp.

76 South Main Street

Akron, OH 44308

United States

Founded in 1917

Key Executives for Metropolitan Edison Company

Principal Executive Officer, President and Director
Age: 58
Chief Financial Officer and Senior Vice President
Age: 60
Regional President
Executive Vice President and General Counsel
Age: 55
Executive Vice President of Finance & Strategy and Director
Age: 63
Compensation as of Fiscal Year 2014.

Metropolitan Edison Company Key Developments

Metropolitan Edison Company to Conduct Storm Restoration Drills to Help Employees Prepare for Real-Life Events

Metropolitan Edison Company will be conducting two emergency readiness exercises in early April to test the company's service restoration process in the event that severe weather causes widespread power outages in the region. The first event will be held on April 2 and will focus on Met-Ed's western territory, including York, Lebanon, Hamburg, Dillsburg, Gettysburg, and Hanover. The second exercise will be held on April 9 and will focus on Met-Ed's eastern area, including Reading, Boyertown, Easton, and Stroudsburg. Designed to prepare employees assigned to storm restoration, and introduce process enhancements, the events will be held at Met-Ed's Distribution Control Center in Reading, with participating Met-Ed employees also staged at the company's service centers in York, Lebanon, Easton, and Reading. Overall, approximately 100 company employees from the Operations, Engineering, Communications, External Affairs, Customer Support, Facilities and Planning & Analysis groups will be involved in the exercises. In addition, representatives of the Pennsylvania Public Utility Commission will observe. A team of FirstEnergy and Met-Ed employees has been preparing for weeks to conduct the drills, which will roughly follow the same time schedule and outage totals as an actual storm that occurred in the past. Storm drills are becoming more common in the utility industry in the wake of severe weather over the last several years.

Metropolitan Edison Company Constructs New Transmission Line, Rebuilds Another, to Enhance Service Reliability in Berks County

Metropolitan Edison Company announced that it is completing work on a new 69-kilovolt (kV) transmission line, and rebuilding another, that connect substations between Reading and Muhlenberg Township in Berks County. The $9.2 million project includes building almost five miles of new transmission line and rebuilding more than four miles of an existing circuit. Overall, more than 80 new steel, wood or laminate poles have been installed. In addition, new 69 kV circuit breakers have been added at the substations. Both lines are intended to be in service by the end of the month and are expected to provide additional operational flexibility and redundancy in the Reading and Berks County areas.

IBEW local 777 Ratifies Three-Year Contract with Metropolitan Edison Company

FirstEnergy Corp. announced that employees of its Metropolitan Edison Company (Met-Ed) represented by the International Brotherhood of Electrical Workers (IBEW) Local 777 ratified a new three-year contract agreement. The new contract will replace the current contract that was set to expire on April 30, 2014. Key provisions of the contract include an 8% pay increase during the three-year contract. IBEW Local 777 members will receive a 3% wage increase the first year of the contract and then 2.5% wage increases during each of the final two years of the contract. In addition, the contract increases hourly pay rates for IBEW Local 777 members working second or third shifts or on Sunday.

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