August 28, 2014 7:36 PM ET

Electric Utilities

Company Overview of The Toledo Edison Company

Company Overview

The Toledo Edison Company operates an electric distribution system in Ohio. The company offers electric services to the residential, commercial, and industrial customers. As of July 16, 2014, it served approximately 300,000 customers in northwestern Ohio. The company was founded in 1901 and is based in Akron, Ohio. The Toledo Edison Company is a subsidiary of FirstEnergy Corp.

76 South Main Street

Akron, OH 44308

United States

Founded in 1901

Key Executives for The Toledo Edison Company

Principal Executive Officer
Age: 58
Chief Financial Officer
Age: 63
Chief Accounting Officer
Age: 62
Executive Vice President
Age: 55
Vice President and Treasurer
Age: 43
Compensation as of Fiscal Year 2014.

The Toledo Edison Company Key Developments

Toledo Edison Works with City of Toledo on Dorr Street Safety Corridor Project

Toledo Edison Company announced that it is working with the city of Toledo on the Dorr Street safety corridor project. During the next few months Toledo Edison crews will replace and relocate 28 utility poles and install eight new transformers. The project also includes installing new overhead wire, and relocating an underground service line. The work is expected to cost about $725,000.

Toledo Edison on Schedule to Complete New High-Voltage Transmission Substation in Fulton County to Support the Load Growth Experienced in the Region and Enhance Service Reliability

Toledo Edison 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. The substation will provide additional voltage support to five substations on company'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 company's 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 company'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.

The Toledo Edison Company Invests in New Service Vehicles

The Toledo Edison Company is investing more than $9 million in 50 new vehicles for line crews and other front-line service employees across its service territory. The new vehicles replace many vehicles more than a decade old. More than half of the new vehicles will be bucket and digger derrick trucks that are expected to enhance the safety of crews in the field and help employees deliver quality service to customers. The new vehicles are part of a $110 million investment in vehicles being made by parent company FirstEnergy Corp. About 850 vehicles are expected to be acquired companywide before the end of the year.

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