Mon Power Awarded Reliability Project Grant by U.S. Department of Energy
FirstEnergy Corp. (NYSE: FE) subsidiary Mon Power has been awarded a $5 million federal grant from the U.S. Department of Energy's Office of Clean Energy Demonstrations. The funding, part of the Energy Improvements in Rural or Remote Areas (ERA) program, will be used to enhance electric service reliability for over 3,000 customers in rural West Virginia.
The project involves rebuilding over 23 miles of power lines in Pocahontas, Braxton, and Clay counties, and connecting a two-mile alternate power line with a substation in Petersburg, Grant County. This will enable Mon Power and Potomac Edison to restore service faster during outages by connecting customers to backup power feeds.
Construction is expected to start in 2025. Mon Power plans to partner with community-based organizations to address workforce disparity gaps in historically under-resourced communities.
La sussidiaria di FirstEnergy Corp. (NYSE: FE) Mon Power ha ricevuto un contributo federale di 5 milioni di dollari dall'Ufficio delle Dimostrazioni di Energia Pulita del Dipartimento dell'Energia degli Stati Uniti. I fondi, parte del programma Energy Improvements in Rural or Remote Areas (ERA), saranno utilizzati per migliorare l'affidabilità del servizio elettrico per oltre 3.000 clienti nelle zone rurali della Virginia Occidentale.
Il progetto prevede la ricostruzione di oltre 23 miglia di linee elettriche nei comuni di Pocahontas, Braxton e Clay, e il collegamento di una linea elettrica alternativa di due miglia a una sottostazione a Petersburg, nella contea di Grant. Questo consentirà a Mon Power e Potomac Edison di ripristinare il servizio più rapidamente durante le interruzioni collegando i clienti a linee di alimentazione di emergenza.
La costruzione dovrebbe iniziare nel 2025. Mon Power prevede di collaborare con organizzazioni comunitarie per affrontare le disparità di manodopera nelle comunità storicamente sotto-risorse.
La subsidiaria de FirstEnergy Corp. (NYSE: FE) Mon Power ha recibido un subsidio federal de 5 millones de dólares de la Oficina de Demostraciones de Energía Limpia del Departamento de Energía de EE. UU. La financiación, parte del programa Energy Improvements in Rural or Remote Areas (ERA), se utilizará para mejorar la confiabilidad del servicio eléctrico para más de 3,000 clientes en áreas rurales de Virginia Occidental.
El proyecto implica la reconstrucción de más de 23 millas de líneas eléctricas en los condados de Pocahontas, Braxton y Clay, y la conexión de una línea de energía alternativa de dos millas a una subestación en Petersburg, condado de Grant. Esto permitirá a Mon Power y Potomac Edison restaurar el servicio más rápidamente durante apagones al conectar a los clientes a alimentaciones de respaldo.
Se espera que la construcción comience en 2025. Mon Power planea asociarse con organizaciones comunitarias para abordar las disparidades en la fuerza laboral en comunidades históricamente desatendidas.
FirstEnergy Corp. (NYSE: FE)의 자회사 Mon Power가 미국 에너지부의 청정 에너지 시연 사무소로부터 500만 달러의 연방 보조금을 받았습니다. 이 자금은 농촌 또는 외딴 지역의 에너지 개선 프로그램(ERA)의 일환으로, 전기 서비스의 신뢰성을 향상시키기 위해 사용될 것이며, 3,000명 이상의 고객이 있는 서부 버지니아의 농촌 지역에서 사용할 예정입니다.
이 프로젝트는 Pocahontas, Braxton 및 Clay 카운티에 있는 23마일 이상의 전력선 재건축과 Grant 카운티 Petersburg의 변전소와 연결되는 2마일의 대체 전력선 연결을 포함합니다. 이를 통해 Mon Power와 Potomac Edison은 정전 시 고객을 백업 전원 공급원에 연결하여 서비스를 더 빠르게 복구할 수 있습니다.
건설은 2025년에 시작될 것으로 예상됩니다. Mon Power는 역사적으로 자원이 부족한 지역 사회의 노동력 격차 문제를 해결하기 위해 지역 기반 조직과 협력할 계획입니다.
La filiale de FirstEnergy Corp. (NYSE: FE) Mon Power a reçu un subside fédéral de 5 millions de dollars du Bureau des démonstrations d'énergie propre du Département de l'énergie des États-Unis. Ce financement, qui fait partie du programme Energy Improvements in Rural or Remote Areas (ERA), sera utilisé pour améliorer la fiabilité du service électrique pour plus de 3 000 clients dans les zones rurales de la Virginie-Occidentale.
Le projet consiste à reconstruire plus de 23 miles de lignes électriques dans les comtés de Pocahontas, Braxton et Clay, et à connecter une ligne électrique alternative de deux miles à une sous-station à Petersburg, dans le comté de Grant. Cela permettra à Mon Power et à Potomac Edison de rétablir le service plus rapidement en cas de panne en reliant les clients à des alimentations de secours.
Les travaux devraient commencer en 2025. Mon Power prévoit de s'associer à des organisations communautaires pour répondre aux écarts de main-d'œuvre dans des communautés historiquement sous-dotées.
Die Tochtergesellschaft von FirstEnergy Corp. (NYSE: FE) Mon Power hat einen Bundeszuschuss in Höhe von 5 Millionen Dollar vom Büro für saubere Energie-Demonstrationen des US-Energieministeriums erhalten. Die Mittel, die Teil des Programms zur Verbesserung der Energieversorgung in ländlichen oder abgelegenen Gebieten (ERA) sind, werden verwendet, um die Zuverlässigkeit der Elektrizitätsversorgung für über 3.000 Kunden in ländlichen Gebieten von West Virginia zu verbessern.
Das Projekt umfasst den Wiederaufbau von mehr als 23 Meilen Stromleitungen in den Landkreisen Pocahontas, Braxton und Clay sowie die Verbindung einer zwei Meilen langen alternativen Stromleitung mit einer Umspannstation in Petersburg, Grant County. Dies ermöglicht es Mon Power und Potomac Edison, den Service während Stromausfällen schneller wiederherzustellen, indem sie Kunden an Notstromversorgungen anschließen.
Der Bau soll voraussichtlich 2025 beginnen. Mon Power plant eine Partnerschaft mit gemeinschaftsbasierten Organisationen, um die Diskrepanzen im Arbeitskräftebereich in historisch unterversorgten Gemeinden anzugehen.
- Received $5 million federal grant for reliability improvements
- Project will enhance service reliability for over 3,000 customers
- Enables faster service restoration during outages
- Plans to address workforce disparity gaps in under-resourced communities
- None.
Insights
The
The project's focus on rural areas aligns with the Energy Improvements in Rural or Remote Areas (ERA) program's goals. By enabling faster service restoration through backup power feeds, Mon Power can potentially reduce both the frequency and duration of outages. This improvement in service quality could lead to increased customer satisfaction and potentially lower maintenance costs in the long run.
While the
This grant represents a strategic win for FirstEnergy, albeit a modest one financially. The project's focus on enhancing reliability in rural areas showcases the company's commitment to improving service across its entire customer base, not just in more profitable urban centers. This approach can bolster FirstEnergy's reputation and potentially strengthen its position in regulatory discussions.
The planned partnership with community-based organizations to address workforce disparity gaps is noteworthy. It demonstrates corporate social responsibility and could help build goodwill in the communities FirstEnergy serves. This proactive approach to community engagement and workforce development could yield long-term benefits in terms of local support and talent pipeline.
Investors should note that while this specific project's impact on FirstEnergy's bottom line is minimal, it exemplifies the company's ability to leverage government initiatives to fund necessary infrastructure improvements. This capability could become increasingly valuable as more federal funding becomes available for grid modernization and clean energy projects.
Project to enhance reliability for more than 3,000 customers in four
The funding will be applied to help rebuild more than 23 miles of power lines in
Jim Myers, Vice President of FirstEnergy's West Virginia Operations: "We're honored to receive this funding, and we look forward to applying it toward system improvements that will make a real difference for thousands of our customers in rural
In May, Mon Power was selected by the
Mon Power expects to start construction on the project in 2025. Company representatives have engaged with city, county, state and nonprofit agencies about the proposal, providing updates and incorporating community feedback into Mon Power's plans. Mon Power also plans to partner with community-based organizations in the affected counties to address workforce disparity gaps for historically under-resourced communities.
Mon Power serves about 395,000 customers in 34
Potomac Edison serves about 285,000 customers in seven counties in
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in
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SOURCE FirstEnergy Corp.
FAQ
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