FirstEnergy Corp. (NYSE: FE) announced it is investing $100 million in transmission facilities and high-voltage transmission lines to support the electricity demand coming from the Marcellus shale industry. The Marcellus shale region spans through West Virginia, New York and Pennsylvania, though many of FirstEnergy's projects are focused in West Virginia.
The Marcellus shale natural gas boom has created a high demand for electricity for natural gas processing facilities and other operations. The new customers will account for 400 megawatts of new demand through 2019, according to FirstEnergy's press release.
Some of the individual projects include:
- Waldo Run transmission station near Sherwood, West Virginia
- Oak Mound-Waldo Run transmission line in the Clarksburg and Salem areas
- New transmission lines in Wetzel County
"FirstEnergy's infrastructure enhancements continue to help support the fast-growing Marcellus gas activity in West Virginia," said FirstEnergy President of West Virginia Operations Holly Kauffman. "This industry is bringing new jobs and economic prosperity to West Virginia, and we are working quickly to keep pace to upgrade our system to provide our gas industry customers access to safe, reliable and affordable electric power."