Company Overview of Metropolitan Edison Company
Metropolitan Edison Company operates as an electric utility company in Pennsylvania. The company provides electricity transmission and distribution services to residential, commercial, and industrial customers in eastern and south central Pennsylvania. As of April 11, 2013, it served approximately 550,000 customers in 15 Pennsylvania counties. The company was founded in 1917 and is based in Akron, Ohio. Metropolitan Edison Company is a subsidiary of FirstEnergy Corp.
76 South Main Street
Akron, OH 44308
Founded in 1917
Key Executives for Metropolitan Edison Company
Principal Executive Officer
Chief Financial Officer and Senior Vice President
Executive Vice President and General Counsel
Executive Vice President of Finance & Strategy and Director
Compensation as of Fiscal Year 2013.
Metropolitan Edison Company Key Developments
Metropolitan Edison Company to Spend $116 Million in 2013 Designed to Enhance Electric System and Reliability
Apr 11 13
Metropolitan Edison Company is spending approximately $116 million in 2013 to expand and strengthen its existing infrastructure in its 15-county service territory. Major projects scheduled for this year include completing a new substation, building new circuits, replacing underground cables, inspecting and replacing utility poles and ongoing tree trimming and vegetation management programs. In addition, other projects will include the installation of automated and remote control devices designed to enhance Met-Ed's electrical system and reliability. Met-Ed's 2013 reliability projects have both localized and widespread benefits to customers throughout its 3,500 square mile service area. The scheduled projects include: Completing and energizing the Northkill Substation in northern Berks County, which will provide additional capacity in the area. The project, which is expected to cost nearly $10 million, is slated for completion this summer and is designed to support local industrial and commercial growth and future development;
Spending approximately $2 million in the York area to enhance the transmission system; Installing new sectionalizing devices, such as fuses and reclosers, to help limit the scope of unplanned outages across the entire Met-Ed service territory. The cost of this project is about $1 million;
Installing equipment to help maintain proper voltage levels. This is expected to benefit Met-Ed's industrial and large commercial customers that operate large motors, drives and other machinery; Inspecting and replacing utility poles. This inspection process is conducted on a 12-year cycle. Inspections began in January, with replacement work scheduled to be completed throughout the fall; Spending approximately $15 million as part of Met-Ed's ongoing vegetation management program to trim trees and maintain proper clearances.
Metropolitan Edison Company Invests in New Service Vehicles
Dec 18 12
Metropolitan Edison Company is investing nearly $16 million in 140 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.
Metropolitan Edison Company Files Form 15
Jan 25 12
Metropolitan Edison Company has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock, without par value per share under the Securities Exchange Act of 1934, as amended.
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