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FirstEnergy adding $100M in projects to support West Virginia shale gas

Dec. 22, 2014 2:53 PM ETFirstEnergy Corp. (FE) StockBy: Carl Surran, SA News Editor1 Comment
  • FirstEnergy (NYSE:FE -1.4%) says it is working on ~$100M in new transmission projects and evaluating additional system upgrades to support West Virginia's expanding Marcellus Shale gas industry, and will enhance electric service reliability for Mon Power customers.
  • FE says the new gas customer facilities account for projected load growth of ~400 MW through 2019, or the equivalent of ~200K new homes in Mon Power's system.
  • FE says that among the new projects, the 18-mile, $55M Oak Mound-Waldo Run transmission project is expected to be placed into service by year-end 2015.

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