FirstEnergy expects spending on its distribution system will grow to $2.2 billion in 2025 from $1.7 billion this year. Transmission investment is set to jump to $1.9 billion in 2025 from $1.7 billion this year. Capital expenditures for five years starting in 2021 are anticipated to total about $18 billion.
The Akron, Ohio-based utility company anticipates its rate base will continue growing at roughly the same pace in the second half of this decade at its utilities in Maryland, New Jersey, Ohio, Pennsylvania and West Virginia.
