Ohio Transmission Project Enhances Grid Capacity
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 16 2026
0mins
Should l Buy FE?
Source: PRnewswire
- Project Approval: PJM Interconnection approved a major electric transmission project on February 12, developed jointly by FirstEnergy Transmission and Transource Energy, aimed at meeting the growing electricity demand in the Columbus region and supporting economic growth.
- Infrastructure Upgrade: The project will include over 300 miles of new 765-kilovolt lines and upgrades to several substations, significantly enhancing service reliability and expected to provide enough power for two million homes in the region.
- Environmental Impact Reduction: By consolidating power in a single corridor, the 765-kilovolt lines will cut land use in half, thereby reducing impacts on the local environment while providing essential power support for emerging manufacturing facilities, data centers, and electric vehicles.
- Strategic Collaboration Benefits: The partnership between FirstEnergy and Transource leverages their respective expertise to deliver smarter solutions to meet regional power capacity needs, aligning with the Federal Energy Regulatory Commission's encouragement of efficient regional transmission development.
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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: 50.100
Low
46.00
Averages
49.25
High
54.00
Current: 50.100
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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- Savings Strategy: Customers can effectively lower their monthly bills by shifting everyday activities like running dishwashers and doing laundry to off-peak hours, enhancing household economic efficiency and increasing customer satisfaction with the utility provider.
- Simple Enrollment Process: There is no upfront cost to enroll, and after registration, customers will have their meters replaced to track on-peak and off-peak usage, with the new rates taking effect in the next billing cycle, further encouraging participation in energy-saving initiatives.
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- Price Differentiation: On-peak rates during weekdays from 4 p.m. to 9 p.m. are approximately 16 cents per kilowatt-hour, while off-peak rates drop to about 9 cents, representing a 44% reduction, which will directly impact customers' electricity expenses.
- Savings Strategy: Customers can effectively lower their monthly bills by shifting everyday activities like running dishwashers and doing laundry to off-peak hours, enhancing household economic efficiency and increasing customer satisfaction with the utility provider.
- Simple Enrollment Process: There is no upfront cost to enroll, and after registration, customers will have their meters replaced to track on-peak and off-peak usage, with the new rates taking effect in the next billing cycle, further encouraging participation in energy-saving initiatives.
See More
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- New Rate Plan: Potomac Edison in Maryland launched a new residential time-of-use rate on April 20, 2026, allowing customers to save on their electric bills by using electricity during off-peak hours, particularly in the mornings, late evenings, and weekends when demand is lower.
- Pricing Mechanism: The time-of-use rate varies based on the time of day electricity is used, with certain charges remaining constant; this encourages customers to shift their daily activities to off-peak hours to reduce monthly bills significantly.
- Customer Enrollment: Customers can enroll without any upfront costs, and their meters will be replaced to track on-peak and off-peak usage, with the new rate taking effect in the next billing cycle, impacting approximately 285,000 customers in Maryland.
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See More
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New Time of Use Rate: FirstEnergy is implementing a new time-of-use rate structure effective April 20, which will affect how customers are charged for electricity.
Lower Off-Peak Prices: The new rate plan includes lower prices during off-peak hours, encouraging customers to use electricity during these times to save on costs.
See More
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- New Rate Announcement: Potomac Edison has launched a new residential time-of-use rate for customers in Maryland.
- Purpose of the Rate: The new rate is designed to encourage energy usage during off-peak hours, potentially leading to cost savings for consumers.
See More
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- Bidding Format: The auction will utilize a descending-price clock format managed by CRA International, ensuring a transparent and efficient bidding process, approved by the Public Utilities Commission of Ohio, thereby raising industry standards.
- Information Session Scheduled: An information session for prospective bidders is set for April 16, 2026, providing detailed guidance for participation in the auction, ensuring all participants are well-informed about the bidding requirements and processes.
- Application Timeline: Part 1 applications from bidders will be accepted starting April 17, 2026, with a deadline of May 5, and successful applicants will begin the Part 2 application process on May 12, ensuring a smooth auction execution.
See More
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- Infrastructure Reinforcement: The upgrade replaces nearly three miles of aging wooden poles on the Niles Central-Packard 138-kV transmission line with 22 steel structures set in concrete foundations, enhancing resilience against severe weather and wildlife interference while increasing capacity to support future energy demand growth.
- Investment and Returns: Since 2014, FirstEnergy has reduced high-voltage line outages by 50% through ongoing investments, and this upgrade is part of its Energize365 long-term investment program, which plans to invest $36 billion between 2026 and 2030 to build a smarter, more resilient grid.
- Customer Value Enhancement: By likening the grid to an upgrade from a two-lane road to a four-lane highway, the new infrastructure will better handle increased electricity demand and recover faster from issues, ensuring that families and businesses in Trumbull County receive dependable power.
See More
