New Technologies Could Help Pennsylvania's Grid Work Smarter

Impact · against what's priced in

FirstEnergy is receiving federal funding for grid modernization pilots in Pennsylvania, Ohio, and West Virginia. While the $20.8 million project is positive for reliability and future capacity, the scale is immaterial relative to the company's overall capital expenditure and valuation.

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In context

The selection of KATCo for a $20.8 million DOE-funded project to test Dynamic Line Ratings and Power Flow Controllers reduces the company's cost burden for reliability upgrades starting in 2027.

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• infrastructure▲19%
• energy▲1%
• FE
• doe
• electricity
• grid modernization
• pennsylvania
• transmission