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Company using advanced trenching technology to help protect the environment
HOLMDEL, N.J., Nov. 22, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is replacing an underwater, high-voltage power line to enhance service reliability to New Jersey's barrier islands. The $12.5 million project is expected to be completed in mid-December.
AKRON, Ohio, Nov. 20, 2024 /PRNewswire/ -- In recognition of Utility Scam Awareness Day on Wednesday, Nov. 20, FirstEnergy Corp. (NYSE: FE) is offering tips to prevent the public from falling for common utility scams, especially as the cold winter months are fast approaching.
Scammers often prey on the fears of vulnerable customers to steal their personal information and trick them into paying "unpaid bills" to avoid service disconnection. To date in 2024, FirstEnergy has received more than 3,400 reports of scams from customers. The actual number of scam attempts is even higher since many go unreported to the company or law enforcement officials.
FirstEnergy offers tips to help keep people of all ages safe from electrical hazards
AKRON, Ohio, Nov. 18, 2024 /PRNewswire/ -- With the holiday season fast approaching, FirstEnergy Corp. (NYSE: FE) is reminding customers to reduce electrical hazards and potential fire risks at home by following important safety tips when installing holiday lights and decorations.
According to the National Fire Protection Association (NFPA), U.S. fire departments respond to an average of 835 home structure fires per year that begin with holiday decorations, not including Christmas trees. These fires cause an annual average of $14 million in direct property damage.
Projects to enhance reliability for more than 53,000 customers in West Virginia and Maryland
FAIRMONT, W.Va., Nov. 14, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has been awarded $50 million in federal funding by the U.S. Department of Energy's Grid Deployment Office for projects that will enhance electric service reliability for more than 53,000 Mon Power and Potomac Edison customers in West Virginia and Maryland. The funding is part of the Grid Resilience and Innovation Partnerships (GRIP) Program established by the Bipartisan Infrastructure Law.
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.