MORRISTOWN, N.J., Feb. 28, 2018 /PRNewswire/ -- Jersey Central Power & Light (JCP&L) plans to spend $357 million in 2018 on infrastructure projects and other work to enhance customer reliability across its 13-county northern and central New Jersey service area. Over the past 10 years, the company has invested more than $3 billion to strengthen the durability and resiliency of its electric transmission and distribution systems.
Major projects scheduled for 2018 include replacing remote-controlled substation equipment used to monitor and respond to grid conditions and replacing 34.5 kilovolt (kV) substation circuit breakers. Other scheduled work includes upgrading distribution circuit breakers and more than 90 circuit upgrades.
"Our infrastructure work and inspections enhance the reliability of our electric system, further minimizing the duration and frequency of service interruptions our customers might experience," said Jim Fakult, president of JCP&L. "In 2017, on average, JCP&L customers experienced about one outage lasting less than two hours in duration, which is better than the reliability standards established by the state utility commission."
JCP&L projects scheduled for 2018 include:
- Replacing 40 automated control units at various substations that can be operated remotely from a company dispatch center at a cost of $7.3 million. The equipment provides operators the ability to restore power more quickly and efficiently than if a crew was needed to investigate the problem.
- Enhancing security systems at seven substations at a cost of $14.3 million.
- Completing underground and overhead circuit improvements in Morris County at a cost of $10.3 million. The work includes replacing cable, enhancing connection points where two circuits join, and relocating transformers.
- Replacing 24 substation circuit breakers to automatically disconnect from the system when a problem occurs at a cost of $6.6 million to help reduce the length of power outages and the number of customers affected.
- Upgrading more than 90 circuits at a cost of $4.7 million. Work includes adding remote-control devices to automatically restore service, installing animal guards on poles and in substations to limit the number of outages, installing lightning arrestors to help protect the system from stormy weather, and proactively replacing poles, crossarms and wire, as needed.
- Upgrading and replacing distribution oil-filled circuit breakers with newer more efficient equipment.
- Adding new equipment to increase capacity at a substation in Ocean County
- Installing new "smart" equipment at 54 sites on the distribution system that can automatically restore customers quicker should an outage occur.
- Upgrading remote control equipment and adding new circuits to help add redundancy in Morris and Monmouth counties.
In 2017, JCP&L spent about $308 million on large and small transmission and distribution projects, including building new transmission lines, installing voltage-regulating equipment and automated controls.
JCP&L is a subsidiary of FirstEnergy Corp. (NYSE: FE). JCP&L serves 1.1 million New Jersey customers in the counties of Burlington, Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union and Warren. Follow JCP&L on Twitter @JCP_L, on Facebook at www.facebook.com/JCPandL, or online at www.jcp-l.com.
FirstEnergy is dedicated to 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 more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Visit FirstEnergy online at www.firstenergycorp.com and follow on Twitter @FirstEnergyCorp.
Editor's Note: Photos of some of JCP&L's infrastructure projects completed last year are available for download on Flickr.
Forward-Looking Statements: This news release includes forward-looking statements based on information currently available to management. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "forecast," "target," "will," "intend," "believe," "project," "estimate," "plan" and similar words. 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(PJM) markets and FERC-jurisdictional wholesale transactions; FERC regulation of cost-of-service rates; and FERC's compliance and enforcement activity, including compliance and enforcement activity related to North American Electric Reliability Corporation's mandatory reliability standards; the uncertainties of various cost recovery and cost allocation issues resulting from American Transmission Systems, Incorporated's realignment into PJM; the ability to comply with applicable state and federal reliability standards and energy efficiency and peak demand reduction mandates; other legislative and regulatory changes, including the federal administration's required review and potential revision of environmental requirements, including, but not limited to, the effects of the United States Environmental Protection Agency's Clean Power Plan, Coal Combustion Residuals regulations, Cross-State Air Pollution Rule and Mercury and Air Toxics Standards programs, including our estimated costs of compliance, Clean Water Act (CWA) waste water effluent limitations for power plants, and CWA 316(b) water intake regulation; adverse regulatory or legal decisions and outcomes with respect to our nuclear operations (including, but not limited to, the revocation or non-renewal of necessary licenses, approvals or operating permits by the Nuclear Regulatory Commission; issues arising from the indications of cracking in the shield building at Davis-Besse; changing market conditions that could affect the measurement of certain liabilities and the value of assets held in our Nuclear Decommissioning Trusts, pension trusts and other trust funds, and cause us and/or our subsidiaries to make additional contributions sooner, or in amounts that are larger than currently anticipated; the impact of changes to significant accounting policies; the impact of any changes in tax laws or regulations, including the Tax Cuts and Job Act, or adverse tax audit results or rulings; the ability to access the public securities and other capital and credit markets in accordance with our financial plans, the cost of such capital and overall condition of the capital and credit markets affecting us and our subsidiaries; further actions that may be taken by credit rating agencies that could negatively affect us and/or our subsidiaries' access to financing, increase the costs thereof, increase requirements to post additional collateral to support, or accelerate payments under outstanding commodity positions, letters of credit and other financial guarantees, and the impact of these events on the financial condition and liquidity of FirstEnergy Corp. and/or its subsidiaries, specifically FES and its subsidiaries; issues concerning the stability of domestic and foreign financial institutions and counterparties with which we do business; and the risks and other factors discussed from time to time in our United States Securities and Exchange Commission (SEC) filings, and other similar factors. 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SOURCE FirstEnergy Corp.