Met-Ed Completes Upgrades for Reading Health System Campus

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Work Includes New Backup Circuits and Substation Enhancements

READING, Pa., July 6, 2015 /PRNewswire/ -- Metropolitan Edison (Met-Ed), a subsidiary of FirstEnergy Corp. FE, recently completed about $2.5 million in electrical upgrades to support the new construction at Reading Health System's West Reading campus.  The work included the installation of a new transformer in a substation near the hospital, two new underground circuits, and the installation of equipment to help ensure the 24-building campus has dedicated backup electrical service.

The electrical work is part of Reading Health's Seventh Avenue Project, which includes a new facility to house surgical and inpatient facilities that previously were spread across five buildings.  The construction project also includes the expansion of existing emergency and trauma care facilities.  Overall, the new and expanded facilities at Reading Health's West Reading campus resulted in an increase of about three megawatts of electrical load for Met-Ed, the equivalent of enough electricity to power approximately 3,000 homes.

"The Reading Health System expansion was extensive and the work we did required cooperation between our planning and operations departments, the hospital, and the surrounding community," said Ed Shuttleworth, Met-Ed regional president.  "We were able to complete the work in a tight timeframe.  Overall, it was a great opportunity for us to help a key customer expand their operations to benefit the community."

Previously, Met-Ed supplied electricity to the hospital and other customers from a nearby substation.  As part of the upgrade project, a new transformer and two new underground circuits were installed at the substation dedicated specifically for Reading Hospital facilities.  The new equipment also provides the hospital with backup electrical capabilities that were not available with the previous system.  The other customers in that area of Reading will continue to be served by the existing substation.

Met-Ed serves approximately 560,000 customers in 15 Pennsylvania counties.  Follow Met-Ed on Twitter @Met Ed and on Facebook at www.facebook.com/MetEdElectric.

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.  Visit FirstEnergy on the web at www.firstenergycorp.com and follow FirstEnergy on Twitter @FirstEnergyCorp.

Editor's Note:  Photos of new equipment installed at the Met-Ed substation serving Reading Health System's West Reading campus are available for download on Flickr.

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costs being higher than anticipated and the success of our policies to control costs and to mitigate low energy, capacity and market prices; other legislative and regulatory changes, and revised environmental requirements, including, but not limited to, proposed greenhouse gases emission and water discharge regulations and the effects of the United States Environmental Protection Agency's coal combustion residuals regulations, Cross-State Air Pollution Rule, Mercury and Air Toxics Standards, including our estimated costs of compliance, and Clean Water Act 316(b) water intake regulation; the uncertainty of the timing and amounts of the capital expenditures that may arise in connection with any litigation, including New Source Review litigation, or potential regulatory initiatives or rulemakings (including that such initiatives or rulemakings could result in our decision to deactivate or idle certain generating units); the uncertainties associated with the deactivation of certain older regulated and competitive fossil units, including the impact on vendor commitments, and the timing thereof as they relate to the reliability of the transmission grid; the impact of other future changes to the operational status or availability of our generating units; 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 or as a result of the incident at Japan's Fukushima Daiichi Nuclear Plant); issues arising from the indications of cracking in the shield building at Davis-Besse; the risks and uncertainties associated with litigation, arbitration, mediation and like proceedings, including, but not limited to, any such proceedings related to vendor commitments; the impact of labor disruptions by our unionized workforce; replacement power costs being higher than anticipated or not fully hedged; the ability to comply with applicable state and federal reliability standards and energy efficiency and peak demand reduction mandates; changes in customers' demand for power, including, but not limited to, changes resulting from the implementation of state and federal energy efficiency and peak demand reduction mandates; the ability to accomplish or realize anticipated benefits from strategic and financial goals, including, but not limited to, the ability to continue to reduce costs and to successfully execute our financial plans designed to improve our credit metrics and strengthen our balance sheet through, among other actions, our previously-implemented dividend reduction, our cash flow initiative project and our other proposed capital raising initiatives; our ability to improve electric commodity margins and the impact of, among other factors, the increased cost of fuel and fuel transportation on such margins; 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 material accounting policies; the ability to access the public securities and other capital and credit markets in accordance with our announced financial plans, the cost of such capital and overall condition of the capital and credit markets affecting us and our subsidiaries; 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, and increase requirements to post additional collateral to support outstanding commodity positions, letters of credit and other financial guarantees; changes in national and regional economic conditions affecting us, our subsidiaries and/or our major industrial and commercial customers, and other counterparties with which we do business, including fuel suppliers; the impact of any changes in tax laws or regulations or adverse tax audit results or rulings; issues concerning the stability of domestic and foreign financial institutions and counterparties with which we do business; the risks associated with cyber-attacks on our electronic data centers that could compromise the information stored on our networks, including proprietary information and customer data; and the risks and other factors discussed from time to time in our United States Securities and Exchange Commission filings, and other similar factors.  Dividends declared from time to time on FirstEnergy Corp.'s common stock during any period may in the aggregate vary from prior periods due to circumstances considered by FirstEnergy Corp.'s Board of Directors at the time of the actual declarations. A security rating is not a recommendation to buy or hold securities and is subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating.  The foregoing review of factors should not be construed as exhaustive. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on FirstEnergy's business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements. FirstEnergy expressly disclaims any current intention to update, except as required by law, any forward-looking statements contained herein as a result of new information, future events or otherwise.

www.firstenergycorp.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/met-ed-completes-upgrades-for-reading-health-system-campus-300108887.html

SOURCE FirstEnergy Corp.

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