TOLEDO, Ohio, Oct. 1, 2013 /PRNewswire/ -- Toledo Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), will soon complete construction of a new $12 million high-voltage transmission substation in Fulton County to support the load growth experienced in the region and enhance service reliability. The new substation is expected to be in operation by the end of the year.
Located in Fulton Township, northwest of the Village of Swanton, the new substation will be supplied by a nearby existing 345 kV transmission line and will reinforce the existing 138 kV transmission line in the western part of Toledo Edison's service area to help maintain reliable service.
"This new substation demonstrates a continuing commitment to supporting load growth and enhancing reliability across our service area," said Linda Moss, regional president of Toledo Edison. "This investment was necessary because industrial load in the area continues to grow, which is encouraging news for the economy and northwest Ohio."
The substation will provide additional voltage support to five substations on Toledo Edison's system, as well as five customer substations at large industrial operations in the area.Construction on the Fulton Substation began in February. Contractors were used for all the underground and concrete work, and the rest of the construction is being completed by Toledo Edison employees. The transformer in this substation holds 12,600 gallons of mineral oil and will weigh almost 200 tons when fully assembled. The substation is expected to pay more than $650,000 in property taxes annually, which will benefit local schools, Fulton Township and Fulton County. Completion of the Fulton Substation is just one part of a planned $23 million in system upgrades in Toledo Edison's service area during 2013. The company also will inspect and preemptively replace equipment and utility poles, replace underground vault tops and continue vegetation management programs across its service area, all designed to enhance service reliability. Toledo Edison serves more than 300,000 customers in northwestern Ohio. Follow Toledo Edison on Twitter @ToledoEdison. FirstEnergy is a diversified energy company 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. Its generation subsidiaries control more than 20,000 megawatts of capacity from a diversified mix of scrubbed coal, non-emitting nuclear, natural gas, hydro, pumped-storage hydro and other renewables. Follow FirstEnergy on Twitter @FirstEnergyCorp. American Transmission Systems, Incorporated, owns FirstEnergy's transmission lines and substations in Ohio.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV