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Business Briefs - Sept. 30

September 30, 2012

FirstEnergy

AKRON, Ohio — For the ninth time in the past 11 years, Site Selection magazine named FirstEnergy Corp. one of the top utilities in the country for promoting economic development.

In 2011, the company helped attract more than $1.7 billion in capital investment to its Ohio, Pennsylvania, New Jersey, West Virginia and Maryland service areas, which is expected to create more than 7,400 new jobs.

The designation recognizes utility companies that complement reliable power delivery to their customers with a hands-on approach to encouraging business development in their operational areas. Using 2011 data, the award is based on a mix of objective and subjective criteria, including what the utility does to help create jobs and facilitate investment in its area; website tools and data that can be used to help business development; and survey input from corporate-end users and site consultants.

Some of the more prominent economic development projects involving FirstEnergy in 2011 included:

• Chrysler adding 1,100 jobs and investing more than $500 million in Toledo, Ohio, and Republic Engineered Products adding 450 jobs and investing more than $85 million in Lorain, Ohio

• Calfrac Well Services adding 300 jobs and investing $150 million in Uniontown, Pa.

• Macy’s adding 1,200 jobs and investing $150 million in Martinsburg, W. Va.

In addition, the company’s economic development team remains active in such efforts as the New Jersey Clean Cities Coalition, a nonprofit organization that promotes education related to the development and use of alternative fuels, alternative vehicles and the appropriate related infrastructure; Project Get Ready, a City of Akron and University of Akron initiative designed to prepare for the installation of electric vehicle charging units; and the Tech Belt Innovation Center, based in Warren, Ohio, that will provide an accelerated integration of new advanced and renewable technologies to the grid.

FirstEnergy also has partnered with First Solar and the State of Maryland to bring on line the largest solar project in the state and one of the largest on the East Coast.

FirstEnergy Solutions, FirstEnergy’s competitive subsidiary, has contracted to purchase the output and renewable energy credits from the 20 megawatt photovoltaic solar power project, and Potomac Edison, a FirstEnergy utility, has designed the infrastructure to get the power to the grid. The project is expected to be completed by the end of this year.

Dividend announced

The board of directors of FirstEnergy Corp. on Sept. 18 declared an unchanged quarterly dividend of $0.55 per share of outstanding common stock. The dividend will be payable Dec. 1 to shareholders of record as of Nov. 7.



SunLion Energy Systems

LANCASTER, Pa. — SunLion Energy Systems Inc. is now licensed with the Maryland Home Improvement Commission, allowing it to install and sell solar hot-water and solar photovoltaic systems in the state.

The company has been installing solar systems in Pennsylvania for almost 20 years.

SunLion has two salesmen licensed to sell in Maryland — Christopher Mejia and Michael Webbere. They can be reached at 1-800-886-4762; or via email at chrism@sunlionenergysystems.com or mikew@sunlionenergysystems.com.

For more information,  go to www.sunlionenergysystems.com.

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