Penelec Installs New Transformer in Bradford Substation to Enhance Electric Reliability

FirstEnergy Pennsylvania Electric Company (FE PA) has completed the installation of a new transformer at a substation in Bradford, Pennsylvania, to enhance electric service reliability for over 1,000 customers, including the University of Pittsburgh's Bradford campus. The upgrade was necessary after the previous transformer experienced an issue and could not be repaired. The new transformer, purchased from a spare unit, is now in service and has increased the cooling capacity. The project is part of the multi-year "Energize365" initiative, investing $26 billion by 2028 to upgrade the grid and accommodate future energy demands.

FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (FE), has recently completed the installation of a new transformer at a substation in Bradford, Pennsylvania [1]. The transformer upgrade was necessary to enhance electric service reliability for over 1,000 customers, including the University of Pittsburgh's Bradford campus.

The previous transformer experienced an issue that made it impossible to repair. The new transformer, purchased from a spare unit, has increased the cooling capacity and is now in service. This project is part of FirstEnergy's multi-year "Energize365" initiative, which aims to invest $26 billion by 2028 to upgrade the grid and accommodate future energy demands [1].

FirstEnergy's successful execution of strategic transactions, such as the sale of a 30% ownership interest in its FirstEnergy Transmission, LLC (FET) subsidiary to Brookfield Super-Core Infrastructure Partners (Brookfield), has enabled the company to strengthen its balance sheet and support important investments in its regulated businesses [2]. With approximately $7 billion in strategic equity financings completed since late 2021, FirstEnergy has restored its corporate credit rating to investment grade at all three ratings agencies [2].

FirstEnergy's dedication to integrity, safety, reliability, and operational excellence makes it well-positioned to become a premier electric company, benefiting its customers, investors, communities, and employees.

References:
[1] PRNewswire. (2024, July 17). FirstEnergy Receives Remaining Proceeds in Strategic $3.5 Billion FirstEnergy Transmission, LLC 30% Interest Sale. https://www.prnewswire.com/news-releases/firstenergy-receives-remaining-proceeds-in-strategic-3-5-billion-firstenergy-transmission-llc-30-interest-sale-302199706.html
[2] FirstEnergy. (n.d.). About FirstEnergy. https://www.firstenergycorp.com/about-firstenergy/default.aspx