Proposal represents significant investment in New Jersey’s clean energy goals

HOLMDEL, N.J., Sept. 28, 2021 — Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has submitted a proposal to connect clean energy generated by New Jersey’s offshore wind farms to the power grid. The plan, which supports significant investments in clean energy driven by the New Jersey Energy Master Plan, is designed to connect future offshore wind farms while minimizing the impact on the environment and communities.

Mid-Atlantic Offshore Development’s proposal, made in cooperation with JCP&L’s plan, utilizes their expertise in offshore transmission to offer an open access solution that is scalable to meet the growing demands of the New Jersey offshore wind market. If the proposals are accepted, FirstEnergy has the option to acquire an equity stake in Mid-Atlantic Offshore Development.

“The state of New Jersey is committed to being the nation’s leader in clean energy, and we are committed to playing an important role in that, for the benefit of our customers and the residents of the Garden State,” said James V. Fakult, president of JCP&L. “By utilizing existing transmission infrastructure and rights-of-way, our plan offers a cost-effective solution that minimizes environmental and customer impacts, enhances grid resilience and was developed with the communities we serve in mind.”

In their proposal, 100% of JCP&L’s transmission involvement would utilize existing infrastructure or rights-of-way, resulting in no greenfield development. Additionally, existing transmission lines and substations would be upgraded, enhancing reliability for New Jersey customers. JCP&L’s solution will be implemented over a period of eight years to align with the planned schedule for offshore wind procurements.

The New Jersey Energy Master Plan outlines key strategies to achieve the goal of 100% clean energy by 2050. In support of those strategies, JCP&L also has submitted a proposal for a program of incentives that will support and encourage the development of electric vehicle charging infrastructure – accelerating the adoption of electric vehicles while providing benefits for JCP&L’s residential, commercial and industrial customers – and submitted an energy efficiency plan that aids in cutting peak energy demand and reducing the energy its consumers consume.

Protecting and preserving the environment is also a key part of JCP&L’s mission and business strategy. The company has twice been named to the New Jersey Sustainable Business Registry by the New Jersey Dept. of Environmental Protection and has been honored with an Environmental Leadership Award by The Commerce & Industry Association of New Jersey (CIANJ) and COMMERCE Magazine.

About JCP&L:  JCP&L serves 1.1 million customers in the counties of Burlington, Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union and Warren. Follow JCP&L on Twitter @JCP_L, on Facebook at www.facebook.com/JCPandL or online at www.jcp-l.com. FirstEnergy Corp. is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company’s transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on Twitter @FirstEnergyCorp.