August 24, 2016 8:29 AM ET

Electric Utilities

Company Overview of Jersey Central Power & Light Company

Company Overview

Jersey Central Power & Light Company, an electric utility, provides regulated electric transmission and distribution services. It serves residential, commercial, and industrial customers in northern, western, and east central New Jersey. The company was founded in 1925 and is based in Akron, Ohio. Jersey Central Power & Light Company is a subsidiary of FirstEnergy Corp.

76 South Main Street

Akron, OH 44308

United States

Founded in 1925

Key Executives for Jersey Central Power & Light Company

President
Age: 52
Principal Financial Officer, Principal Accounting Officer and Controller
Age: 58
Chief Executive Officer of Firstenergy Corp
Age: 60
Vice President of External Affairs
General Manager of Operation Services
Compensation as of Fiscal Year 2016.

Jersey Central Power & Light Company Key Developments

Jersey Central Power & Light Completes Final Phase of Transmission Project

Jersey Central Power & Light has completed the final phase of a $48 million, 11.5-mile transmission line project designed to enhance service reliability and system resiliency for nearly 34,000 customers in Mercer, Middlesex and Monmouth counties. Recently completed work included the construction of a new, 8-mile 115-kilovolt (kV) transmission line between an existing JCP&L substation in Hightstown and a transmission structure located along State Highway 33 near Manalapan. This project was the second phase of work begun in 2013 to replace or rebuild a 230-kV transmission line and support structures along more than three miles of existing right-of-way from a substation in Manalapan to Millstone. The project included installing more than 200 new wood utility poles, five new steel monopoles, and more than 174,000 feet of new wire. In addition, the substation at Hightstown received a new transformer and circuit breaker upgrades were installed to increase operational flexibility and reliability. The completed project enhances electrical service to customers in East Windsor, Englishtown, Hightstown, Manalapan, Millstone and Monroe and is located within or adjacent to existing corridors, roadways and railroad rights-of-way.

Jersey Central Power & Light Commences Construction on New Substation Project in Monmouth County, New Jersey

Jersey Central Power & Light has commenced construction on a new substation project in Monmouth County, New Jersey. The project is intended to help improve service reliability for more than 180,000 customers in Colts Neck, Howell, Neptune, Tinton Falls and Wall. It includes constructing a new 16-mile, 230-kilovolt transmission line along existing right-of-way with steel pole construction to connect JCP&L substations in Howell and Neptune. An existing 230-kV transmission line connecting substations in Colts Neck and Neptune will be rebuilt using steel poles instead of the current wooden structures. The work will also include installing new equipment in these substations, including circuit breakers and remote-control communications equipment.

Jersey Central Power & Light Completes $10 Million Substation Expansion to Enhance Service Reliability in Hunterdon and Mercer Counties

Jersey Central Power & Light has completed a $10 million substation expansion project in West Amwell Township, adding resiliency to the electric system and enhancing reliability for customers in the surrounding area. Benefiting 75,000 customers in Hunterdon County and the Hopewell Township area of Mercer County, the expanded substation includes: a 120-ton transformer to convert voltage levels; four new circuit breakers to protect vital equipment; and technology to prevent widespread outages. Crews also installed a new half-mile section of 230-kilovolt transmission line with five monopoles. The work is part of JCP&L's previously-announced plans to spend about $267 million in 2015 to enhance and maintain a strong electrical system and help meet future growth in its 13-county service area.

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Recent Private Companies Transactions

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