Potomac Edison Offering Utility-Owned Chargers for Multifamily Properties

Rhea-AI Summary

Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is launching a program to install and maintain up to seven Level 2 electric vehicle charging stations at multifamily properties in Maryland, with no installation costs for property owners. This initiative is part of the EV Driven program, which aims to support Maryland's goal of 300,000 zero-emission vehicles by 2025. Property owners can also receive $20,000 rebates for self-installed chargers. The program runs until the end of 2023, enhancing EV infrastructure in the region.

Positive

• Free installation of Level 2 charging stations for multifamily properties enhances service offerings.
• $20,000 rebates available for multifamily property owners who install their own chargers.
• Supports Maryland's environmental goals and EV adoption.

Negative

• Limited availability of only seven utility-owned charging stations may not meet demand.

Company to install and maintain up to seven Level 2 charging stations across Maryland service area

WILLLIAMSPORT, Md., June 14, 2022 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is now offering a limited number of utility-owned electric vehicle charging stations with no-cost for installation at multifamily properties in its Maryland service area. The company received approval earlier this year from the Maryland Public Service Commission (PSC) to move forward with the new offering as part of EV Driven, the company's five-year PSC-approved pilot program designed to benefit the state's environment by reducing auto emissions and supporting Maryland's goal to reach 300,000 zero-emission vehicles on the road by 2025.

Potomac Edison is offering up to seven Level 2 electric vehicle charging stations that it will install, own and maintain at participating multifamily properties. Level 2 charging stations can accommodate two vehicles for simultaneous charging and deliver 8 to 24 miles of range per hour of charging. Property owners will not be responsible for installation or maintenance costs but will need to agree to an easement so Potomac Edison can install the stations and have access for ongoing maintenance.

"Multifamily residents are increasingly seeking electric vehicle charging stations where they live, and this utility-owned option will allow property owners to easily deliver an attractive new amenity that will help set their communities apart," said Linda Moss, president of FirstEnergy's Maryland operations.

Once operational, the charging rate for the stations will be the same as Potomac Edison's public EV charging stations. The current rate is $0.21 per kilowatt-hour.

For more information or to apply for a utility-owned electric vehicle charging station at a multifamily community in Potomac Edison's Maryland service area, please visit www.potomacedison.com/evdriven or contact Potomac Edison at evdriven@firstenergycorp.com.  

In addition to the utility-owned stations, $20,000 rebates are available to multifamily property owners in Potomac Edison's service territory who choose to install and own charging stations themselves. The limited number of utility-owned charging stations and rebates for private multifamily property owners are available until the EV Driven program concludes at the end of 2023. Potomac Edison recently issued a $20,000 rebate toward the installation of six charging stations at the 80-unit Clarksburg Condominium II community in Clarksburg, Maryland.

Residential customers of Potomac Edison in Maryland are eligible for rebates of $300 for the installation of EV charging stations at their homes and can also earn additional rewards for using their chargers during off-peak hours. Earlier this year, the residential rebate and off-peak rewards program was expanded to include Teslas, which account for most electric vehicles sold in the U.S.

Potomac Edison is also installing 59 charging stations, including 20 fast-charging stations, across its seven-county Maryland territory throughout the course of the EV Driven program.

Potomac Edison serves about 275,000 customers in all or parts of Allegany, Carroll, Frederick, Garrett, Howard, Montgomery, and Washington counties in Maryland and 151,000 customers in the Eastern Panhandle of West Virginia. Follow Potomac Edison at www.potomacedison.com, on Twitter @PotomacEdison, and on Facebook at www.facebook.com/PotomacEdison.

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on Twitter @FirstEnergyCorp.

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SOURCE FirstEnergy Corp.

FAQ

What is Potomac Edison offering for multifamily properties in Maryland?

Potomac Edison is offering the installation and maintenance of up to seven Level 2 electric vehicle charging stations at no cost to multifamily property owners.

What are the benefits of the EV Driven program by Potomac Edison?

The EV Driven program aims to reduce emissions and promote the installation of electric vehicle charging infrastructure, supporting Maryland's target of 300,000 zero-emission vehicles by 2025.

How much is the rebate for property owners installing their own EV chargers?

Property owners can receive a rebate of $20,000 for the installation of their own electric vehicle charging stations.

What is the charging rate for the stations installed by Potomac Edison?

The charging rate will be $0.21 per kilowatt-hour, the same as Potomac Edison's public EV charging stations.

What is the duration of the EV Driven program?

The EV Driven program is operational until the end of 2023.

Where can I find more information about the utility-owned charging stations?

More information can be found on Potomac Edison's website at www.potomacedison.com/evdriven.