August 24, 2017 3:49 AM ET

Electric Utilities

Company Overview of Ohio Edison Company

Company Overview

Ohio Edison Company operates an electric distribution system in Ohio, the United States. It engages in the distribution and retail sale of electric energy to residential, commercial, and industrial customers. The company was founded in 1930 and is based in Akron, Ohio. Ohio Edison Company is a subsidiary of FirstEnergy Corp.

76 South Main Street

Akron, OH 44308

United States

Founded in 1930

Key Executives for Ohio Edison Company

Chief Financial Officer and Senior Vice President
Age: 63
Regional President
Executive Vice President and General Counsel
Age: 58
Executive Vice President of Finance & Strategy, and Director
Age: 66
Vice President and Treasurer
Age: 46
Compensation as of Fiscal Year 2017.

Ohio Edison Company Key Developments

Ohio Edison Enhances Customer Service Reliability with Help of New Substation

Ohio Edison announced that it will energize a new $2.4 million substation near West Jefferson, Ohio, later the month of May to enhance customer service reliability and help meet future demand for electricity in the Madison and Franklin county areas west of Columbus. The substation was built in less than ten months using a standard design that was more cost effective and helped to expedite construction. The project included using precast concrete foundations, a large transformer, switching gear, and circuit breakers. Animal protection devices made from polymer material also were installed on key parts of the equipment to help reduce outages caused by squirrels and other animals. The substation is connected to the existing Ohio Edison system in the region using two underground circuits that were built as part of this project. Specialized communications equipment also was installed at the substation to remotely monitor operations. If needed, circuit breakers or other relay devices can be reset automatically to help reduce the duration of an outage.

Ohio Edison Expects to Invest about $371 Million in 2017 on Distribution and Transmission Infrastructure Projects

FirstEnergy Corp. expects to invest about $371 million in 2017 on distribution and transmission infrastructure projects to help enhance reliability for customers in the Ohio Edison service territory. Major projects scheduled in 2017 throughout Ohio Edison's 34-county area include building new substations and transmission lines, installing equipment in existing substations, adding remote control equipment on circuits, and the inspection and replacement of utility poles. FirstEnergy projects scheduled in the Ohio Edison footprint in 2017 include: Adding multiple circuit breakers and automated disconnect switches to substations in Akron, Edison, Mansfield, Massillon, Ontario and Uniontown at a combined cost of more than $24.5 million to enhance customer service reliability by providing alternate paths for the electricity to flow if interruptions are detected on the system. This new configuration also better protects the existing equipment in the substation by utilizing the breakers to interrupt the flow of electricity before permanent and costly damage can occur. The work is expected to be completed throughout the year. Rebuilding a 15-mile, 69-kilovolt (kV) transmission line that connects substations in Garrettsville and Newton Falls to help enhance system reliability for customers in Portage and Trumbull counties. The project is budgeted at approximately $23 million and is scheduled to go online by the end of the year. Starting construction on a new 28-mile, 138-kV transmission line in the Sandusky and Fremont areas. Twelve miles are in Ohio Edison territory and 16 miles are located in the Toledo Edison footprint. For 2017, Ohio Edison expects to spend about $9 million on this project, which is scheduled to be energized in May of 2018. Completing a 12 mile, 69-kV transmission line project that will enhance service reliability to about 7,500 customers in Huron County. The work includes the installation of nine miles of new circuit and three miles of existing circuit being rebuilt between substations in Norwalk and North Fairfield. The overall cost of the project is more than $18 million, with $9.3 million expected to be spent in 2017. The line is scheduled to be operational by the end of May. Rebuilding a 138-kV transmission line from a substation in Twinsburg to one in Hudson that provides electricity to the city's municipal electric system. The cost of the project is about $6.6 million. Investing more than $4 million inspecting and replacing distribution poles in Ohio Edison's service area. This inspection process is conducted on a 10-year cycle. More than 56,000 utility poles are scheduled to be inspected in 2017. Rebuilding a 69-kV transmission line in the Ashland area at a cost of $3.3 million. Replacing a transformer and other equipment at a substation in Marion at a cost of $1.8 million to enhance redundancy and reliability. Building a new modular substation in West Jefferson in Madison County at a projected cost of $1.3 million. Using a barge to replace a 12.5-kV underwater cable running from Middle Bass Island to North Bass Island at a cost of $1.4 million. Installing remote-control equipment and completing other enhancements on more than 270 circuit locations throughout the Ohio Edison area at an estimated cost of $1.3 million. More than $227 million of the budgeted total will be spent on transmission-related projects owned by American Transmission Systems, Incorporated, a FirstEnergy transmission company.

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