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US3379321074
State: 15.08.2025 | 1PM
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FE

FirstEnergy Corp
GICS: 55101010 · Sector: Utilities · Sub-Sector: Regulated Electric
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Mon, 23.09.2024       FirstEnergy

Former ash landfill in Berkeley County to be repurposed for clean energy source

FAIRMONT, W.Va., Sept. 23, 2024 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have begun construction on their third utility-scale solar site in West Virginia to help meet the state's electricity needs and further encourage economic development.

The Marlowe solar project is located along Interstate 81 and the Potomac River on a 36-acre property in Berkeley County that was previously an ash disposal site for the former R. Paul Smith Power Station. In 2022, after removing more than three million tons of ash, FirstEnergy successfully completed the closure of the landfill, paving the way for its redevelopment as part of the companies' solar program.

Mon, 16.09.2024       FirstEnergy

Ohio Edison will hold interactive demonstrations on how to stay safe around electricity

AKRON, Ohio, Sept. 16, 2024 /PRNewswire/ -- Ohio Edison, a FirstEnergy Corp. (NYSE: FE) electric company, is bringing its live wire electrical safety trailer to the upcoming Balloon A-Fair in downtown Ravenna, Portage County, on Saturday, Sept. 21. Using the trailer's 7,200-kilovolt power lines, company employees will demonstrate the power of electricity, how to recognize dangerous conditions and, most important, how to stay safe around power lines and electrical equipment.

Mon, 16.09.2024       FirstEnergy

Comprehensive Agreement Designed to Keep Costs Manageable for Customers  

READING, Pa., Sept. 16, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as Met-Ed, Penn Power, Penelec and West Penn Power, has reached a settlement in its base rate review, subject to the approval of the Pennsylvania Public Utility Commission (PaPUC). The $225 million settlement expands bill assistance for low-income residential customers and enables the company's electric grid investments that support safe and reliable electric service for its Pennsylvania customers.

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Thu, 12.09.2024       FirstEnergy

AKRON, Ohio, Sept. 12, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that it has reached a settlement agreement with the U.S. Securities and Exchange Commission (SEC) to resolve its previously disclosed investigation.

"We are pleased to have reached a resolution with the SEC as we continue to turn a new chapter," said Brian X. Tierney, President and Chief Executive Officer of FirstEnergy. "Our focus today is investing in our regulated electric companies to improve the customer experience and support the energy transition."

Tue, 10.09.2024       FirstEnergy

JCP&L incentives help offset costs of preparations for charger installation

HOLMDEL, N.J., Sept. 10, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has relaunched its EV Driven residential electric vehicle charging incentives after maxing out customer participation in 2023. The incentives cover the cost of preparation work that customers are required to complete before an EV charger can be installed.

Thu, 05.09.2024       FirstEnergy

New Met-Ed equipment to enhance electric service reliability for more than 7,000 customers

READING, Pa., Sept. 5, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business as Met-Ed in southeastern Pennsylvania, recently energized a new transformer at its substation near Third and Willow streets in Lebanon to enhance electric service reliability for more than 7,000 customers in the city, North Lebanon Township and West Lebanon Township.

Tue, 03.09.2024       FirstEnergy

JCP&L upgrades in Monmouth and Morris counties are part of a larger $95 million project

HOLMDEL, N.J., Sept. 3, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is investing in its customers by upgrading two power lines in Morris and Monmouth counties. The upgrades are scheduled to be completed in November as part of JCP&L's New Jersey Reliability Improvement Project, an element of the company's rate review settlement approved by the New Jersey Board of Public Utilities in February.

Thu, 22.08.2024       FirstEnergy

Project to reduce outages for 1,800 Potomac Edison customers in West Virginia and Maryland

WILLIAMSPORT, Md., Aug. 22, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Potomac Edison has started construction on a new substation in Morgan County, West Virginia, that is expected to enhance reliability for 1,800 area customers. Fed by a more reliable power line, the facility will feature new technology and equipment that will also help reduce the number and duration of outages.

Wed, 21.08.2024       FirstEnergy

New substation equipment to benefit more than 13,000 Mon Power customers in six counties

FAIRMONT, W.Va., Aug. 21, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric company Mon Power is replacing and upgrading equipment at eight transmission substations in its West Virginia service territory to help prevent or minimize the impact of power outages for more than 13,000 customers who are served by high-voltage power lines connected to the substations.

Fri, 16.08.2024       FirstEnergy

Teams with the Electric Power Research Institute to help protect bats

HOLMDEL, N.J., Aug. 16, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric company Jersey Central Power & Light (JCP&L) has installed 64 artificial, free-standing bat roosts along two transmission rights-of-way that run through Warren, Morris and Union counties as part of the company's ongoing efforts to protect endangered species near electrical infrastructure.

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Tue, 13.08.2024       FirstEnergy

AKRON, Ohio, Aug. 13, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that it has reached an agreement, effective Aug. 12, 2024, with the Office of the Ohio Attorney General and the Office of the Summit County Prosecutor to resolve all outstanding proceedings between the parties.

"We are pleased to have reached a resolution with the Ohio Attorney General's Office and the Office of the Summit County Prosecutor, which recognizes the substantial actions FirstEnergy has taken to establish a highly effective compliance program and instill a culture of ethics and integrity at every level of the organization," said Brian X. Tierney, President and Chief Executive Officer. "FirstEnergy, led by a new Board of Directors and executive team, is a stronger organization today, energized by our commitments to our stakeholders and well positioned for the future. As we move forward, our focus is investing in our regulated electric companies to improve the customer experience and to meet their energy needs today and into the future."

Sun, 11.08.2024       FirstEnergy

AKRON, Ohio, Aug. 11, 2024 /PRNewswire/ -- Thanks to around-the-clock hard work by more than 7,500 storm responders, FirstEnergy announced that nearly all customers will have power restored much sooner than the original global estimate of Wednesday, Aug. 14. To date, power has been restored to nearly 90% of Illuminating Company customers, with less than 35,000 remaining without service.

Sat, 10.08.2024       FirstEnergy

AKRON, Ohio, Aug. 10, 2024 /PRNewswire/ -- Thousands of workers from FirstEnergy (NYSE: FE), along with outside support from 17 states, continue working around the clock restoring power to customers across Greater Cleveland following historic storms on Aug. 6. Each day, service is being restored to large numbers of customers. In addition, significant progress removing trees and other debris is paving the way for the intricate work required to restore service in the hardest hit areas.

Fri, 09.08.2024       FirstEnergy

Mon Power will hold demonstrations on how to stay safe around electrical equipment

FAIRMONT, W.Va., Aug. 9, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric company Mon Power is bringing its live wire electrical safety trailer to the upcoming State Fair of West Virginia in Lewisburg, where it will use the trailer's 7,200-kilovolt power lines to offer highly visual demonstrations on the power of electricity, how to recognize dangerous conditions and, most important, how to stay safe around power lines and electrical equipment.

Fri, 09.08.2024       FirstEnergy

Free water and ice available for customers who remain without power

AKRON, Ohio, Aug. 9, 2024 /PRNewswire/ -- Power is actively being restored around the clock to the approximately 194,500 FirstEnergy Corp. (NYSE:FE) customers in Northeast Ohio who remain without service following the severe thunderstorms, wind and tornados that swept through the area on Tuesday. While restoration efforts are expected to continue into next week, many customers will have power restored well before that time.

Wed, 24.07.2024       FirstEnergy

AKRON, Ohio, July 24, 2024 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE: FE) today declared a quarterly dividend of $0.425 per share of outstanding common stock payable September 1, 2024, to shareholders of record at the close of business on August 7, 2024.

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million 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 X, formerly known as Twitter, @FirstEnergyCorp.

Mon, 22.07.2024       FirstEnergy

Met-Ed project will help prevent or minimize outages for more than 24,000 customers

READING, Pa., July 22, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business in eastern Pennsylvania as Met-Ed, is installing smart, automated equipment on neighborhood power lines serving 24,160 York and Adams County customers to help prevent lengthy service interruptions, particularly during severe weather.

Fri, 19.07.2024       FirstEnergy

AKRON, Ohio, July 19, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is extending its title sponsorship with The International Soap Box Derby (ISBD) for three years. Running from 2025-2027, the sponsorship continues a strong relationship between the two Akron-based institutions that began in 2012.

The extension was announced during race week activities surrounding the 86th FirstEnergy All-American Soap Box Derby, as more than 320 competitors from throughout the United States, Canada and Japan geared up to race their gravity-powered cars for a share of $36,000 in college scholarships. The World Championship races will be held Saturday, July 20, at Derby Downs, 1000 George Washington Blvd., Akron, Ohio, 44312.

Wed, 17.07.2024       FirstEnergy

Deploys final $1.2 billion in proceeds to further strengthen balance sheet, supporting sustainable, long-term growth through industry-leading Energize365 grid investment program

AKRON, Ohio, July 17, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that it received the remaining $1.2 billion in proceeds from the $3.5 billion sale of a 30% ownership interest in its FirstEnergy Transmission, LLC (FET) subsidiary to Brookfield Super-Core Infrastructure Partners (Brookfield). FirstEnergy received the initial proceeds of $2.3 billion from Brookfield when the transaction closed in March. The remaining $1.2 billion in interest-bearing notes were extinguished with Brookfield's final payment on July 17.

Thu, 11.07.2024       FirstEnergy

AKRON, Ohio, July 11, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) received an Emergency Recovery Award from the Edison Electric Institute (EEI) in recognition of its outstanding response in restoring power to hundreds of thousands of customers in portions of its Ohio, Pennsylvania, West Virginia, Maryland and New Jersey service areas following Winter Storms Finn and Gerri, which produced high winds, rain, ice and snow in January 2024. This is the 19th consecutive year FirstEnergy has been recognized by EEI for its storm response efforts.

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