Major projects scheduled for 2014 include completing and planning the construction of transmission lines in Monmouth, Ocean and Morris counties, completing a smart grid modernization project in Morris County, as well as constructing a new substation in Hunterdon County.

In addition, the company will focus on upgrade of 118 circuits, addition of new circuits, inspection and replacement of utility poles and on tree trimming work on more than 3,400 miles of distribution and transmission lines.

JCP&L president Jim Fakult said the company review planning and analysis data each year and dedicate the necessary resources to continually improve its system to exceed customer expectations and deliver the quality service to customers.

"The 2014 infrastructure spend includes projects to implement new technologies, further improve reliability and prepare for future growth," Fakult added.

The latest investment represents about a $50m increase compared to the amount the company spent on reliability infrastructure in the region last year.

JCP&L has spent more than $2bn in capital improvements since 2001.