Market Overview

FirstEnergy Will Build $45M Transmission Plant in Akron, OH

Related FE
Mid-Day Market Update: SanDisk Jumps On Upbeat Results; QUALCOMM Shares Slide
9 Top Sell Ideas From Oppenheimer's Technical Analysis Division
FirstEnergy's (FE) CEO Chuck Jones on Q2 2015 Results - Earnings Call Transcript (Seeking Alpha)

FirstEnergy Corp. (NYSE: FE) today announced plans to construct a new state-of-the-art and environmentally friendly transmission control center in Akron.  The highly secure facility will be built at the company's West Akron Complex, an existing 150-acre site that already houses an Ohio Edison service center, a FirstEnergy call center, and a large office building where several company subsidiaries are based.

While preliminary site preparation work is being done this fall, groundbreaking for the 70,000-square-foot facility is expected to occur in the spring of 2013, with planned completion of construction by the end of the year.  The new "Akron Control Center," as it will be known, is expected to cost approximately $45 million. 

Posted-In: News


Related Articles (FE)

Get Benzinga's Newsletters