JCP&L Unveils $251M Infrastructure Improvement Project

Law360, New York (February 12, 2014, 3:20 PM EST) -- Jersey Central Power & Light rolled out a $251 million investment plan Tuesday to improve infrastructure and reliability, despite the New Jersey Public Utility’s Board recent affirmation that instead of upping rates to fund enhancements, JCP&L should slash ratepayers’ bills by $200 million.

The FirstEnergy Corp. unit said its capital improvement plan calls for the utility to spend an additional $50 million on reliability across the 13 New Jersey counties it services, according to the statement. The project includes grid modernization, a new substation, circuit upgrades,...
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