Maryland PSC Reviews Project to Enhance Grid Reliability
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 31 2026
0mins
Should l Buy FE?
Source: Newsfilter
- Project Background: Potomac Edison is seeking approval from the Maryland Public Service Commission to advance the Gore-Doubs-Goose Creek Improvements Project, which will upgrade 18 miles of transmission lines to enhance grid reliability and support future economic growth.
- Minimizing Environmental Impact: The project utilizes existing power line corridors to minimize effects on the environment and nearby communities, ensuring that residents and businesses in Frederick and Montgomery counties receive more reliable power supply.
- Construction Timeline: If approved, construction is expected to begin in 2028 and be completed by 2031, with applications for the Virginia and West Virginia portions anticipated to be filed later this year.
- Enhancing Grid Reliability: The project will add approximately 62 miles of transmission lines, including new 500-kV lines, aimed at improving electricity transmission efficiency to meet increasing demand, especially during extreme weather conditions.
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Analyst Views on FE
Wall Street analysts forecast FE stock price to fall
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 50.580
Low
46.00
Averages
49.25
High
54.00
Current: 50.580
Low
46.00
Averages
49.25
High
54.00
About FE
FirstEnergy Corp. and its subsidiaries are involved in the transmission, distribution, and generation of electricity through its segments: Distribution, Integrated and Stand-Alone Transmission. The Distribution Segment, which consists of the Ohio Companies and FirstEnergy Pennsylvania Electric Company (FE PA), distributes electricity in Ohio and Pennsylvania. The Integrated segment includes the distribution and transmission operations under Jersey Central Power & Light Company (JCP&L), Monongahela Power Company (MP) and The Potomac Edison Company (PE), as well as MP's regulated generation operations. The segment distributes electricity in New Jersey, West Virginia and Maryland, provides transmission infrastructure, and operates 3,604 MWs of regulated net maximum generation capacity. The Stand-Alone Transmission segment consists of its ownership in FET and KATCo, which includes transmission infrastructure owned and operated by the Transmission Companies and used to transmit electricity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Meeting Growing Demand: The upgraded grid will better handle high demand during extreme weather, reduce overloads that can lead to outages, and support residential and business growth in Trumbull County, ensuring stable power supply.
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See More
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