SOURCE: Industrial Info Resources

Industrial Info Resources

February 08, 2017 07:30 ET

Stung by Competitive Power Markets, FirstEnergy Focuses on T&D Investments, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Feb 8, 2017) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- FirstEnergy Corporation (NYSE:FE) (Akron, Ohio), which operates 10 electric utilities and serves 6 million customers in six Midwestern and Mid-Atlantic states, plans to invest at least $7.9 billion over the next three years, mainly in its regulated transmission & distribution (T&D) business, Charles E. Jones, president and chief executive, told the Edison Electric Institute financial conference last November. Including the $2.9 billion of capital investments the utility holding company planned to make in 2016, the company's capital budget for 2016-19 will total about $10.8 billion, he said.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Contact Information

  • Contact:
    Brian Ford
    (713) 980-9393