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Grid upgrades will also relocate lines away from hard-to-access railroad tracks
HOLMDEL, N.J., Nov. 13, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is relocating and upgrading power lines in portions of Bernardsville, Somerset County, to enhance electric service for customers in Bernardsville and nearby towns. The $1.75 million project is expected to be completed later this month.
Honor from national military support organization recognizes workplace and supplier diversity opportunities for veterans and their families
AKRON, Ohio, Nov. 12, 2024 /PRNewswire/ -- For the ninth time in the past 10 years, FirstEnergy Corp. (NYSE: FE) has been designated a Military Friendly® Company by Military Friendly, a national organization supporting the U.S. military and its veterans. The recognition is one of four awards FirstEnergy earned this year from Military Friendly, which were announced on Veteran's Day.
Sagot brings two decades of finance and utility experience; Davies brings three decades of experience driving operational excellence and enterprise transformation
AKRON, Ohio, Nov. 8, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that Karen Sagot has been named Vice President, Investor Relations, effective Nov. 10, and Sean Davies has been named Vice President, Continuous Improvement, effective Nov. 18.
New and expanded programs designed to meet increased energy savings targets
HOLMDEL, N.J., Oct. 31, 2024 /PRNewswire/ -- Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has obtained approval from the New Jersey Board of Public Utilities (BPU) to expand its energy efficiency programs. The two-and-a-half-year program is designed to achieve electricity savings and other objectives of the N.J. Clean Energy Act of 2018 and the N.J. Energy Master Plan.
Reports third quarter 2024 GAAP earnings from continuing operations of $0.73 per share and operating (non-GAAP) earnings of $0.85 per share, within guidance range
Narrows full-year 2024 operating (non-GAAP) earnings guidance to $2.61 to $2.71 per share
Increases 2024 capital investment plan from $4.3 billion to $4.6 billion, an increase of approximately 7%, and 24% higher than 2023
Affirms targeted 6-8% long-term annual operating earnings growth
AKRON, Ohio, Oct. 29, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported third quarter 2024 GAAP earnings from continuing operations of $419 million, or $0.73 per basic and diluted share, on revenue of $3.7 billion. This compares to third quarter 2023 GAAP earnings from continuing operations of $421 million, or $0.74 per basic share ($0.73 diluted), on revenue of $3.5 billion. GAAP results for both periods include the impact of special items listed below.
If approved by PUCO, companies would revert to a previous rate plan
AKRON, Ohio, Oct. 29, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) Ohio electric companies – Ohio Edison, The Illuminating Company, and Toledo Edison – have filed a notice with the Public Utilities Commission of Ohio (PUCO) to withdraw their current Electric Security Plan (ESP) 5, which took effect on June 1. If approved by the PUCO, the companies would revert to their prior ESP4, which was in effect through May 31, 2024.
AKRON, Ohio, Oct. 29, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that Karen McClendon has been named Senior Vice President and Chief Human Resources Officer (CHRO), effective Nov. 11.
In this role, McClendon will spearhead efforts to integrate and advance the company's human capital strategy, ensuring alignment with the strategic vision to establish FirstEnergy as a premier electric company. She will oversee key human resources functions, including talent management, benefits and compensation, labor and employee relations, and the commitment to building an inclusive workforce and a workplace reflective of the communities served by FirstEnergy. McClendon will report to Brian Tierney, FirstEnergy President and Chief Executive Officer.
New Penelec equipment to enhance electric service reliability for more than 1,000 customers
ERIE, Pa., Oct. 24, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business as Penelec in northwestern Pennsylvania, recently energized a new transformer at a substation in Bradford to enhance electric service reliability for more than 1,000 customers in Bradford and Bradford Township, including the University of Pittsburgh's Bradford campus.
Nearly 4,900 West Penn Power Customers Will Benefit from the Upgrades
GREENSBURG, Pa., Oct. 23, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as West Penn Power in western Pennsylvania, is upgrading its power system in Allegheny County to help prevent lengthy service interruptions, particularly during severe weather. The work includes installation of remote-controlled devices along neighborhood power lines serving nearly 4,900 customers in Oakdale, North Fayette Township and Findlay Township.
FirstEnergy line rebuild to benefit 1,300 customers and meet increased power demand
READING, Pa., Oct. 22, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as Met-Ed in northeastern Pennsylvania, recently upgraded its distribution system in southeast Monroe County to help prevent service disruptions and accommodate ongoing residential and commercial growth. The work included rebuilding part of an existing power line with larger diameter wire capable of carrying more electricity, enabling customers to stay comfortable during heat waves and cold snaps.