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.
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.
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.
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.
The 20,000-square-foot facility is located within Ohio Edison's service area
AKRON, Ohio, Oct. 21, 2024 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), recently completed construction on a new operations service center in North Jackson, Mahoning County, to help streamline operations and maximize efficiencies along the local high-voltage power system.
Mon Power and Potomac Edison complete 27-acre solar site in Rivesville
FAIRMONT, W.Va., Oct. 18, 2024 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have completed their second utility-scale solar site in West Virginia, less than a year after energizing their first solar site at Fort Martin Power Station in Maidsville.
Nearly 14,000 solar panels are now producing up to 5.5 megawatts of clean, renewable power at the Rivesville site in Marion County to help meet the state's electricity needs. One megawatt of solar energy powers a national average of 173 homes, according to the Solar Energy Industries Association.
Project to enhance reliability for more than 3,000 customers in four West Virginia counties
FAIRMONT, W.Va., Oct. 11, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Mon Power has been awarded $5 million in federal funding by the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) for a project that will enhance electric service reliability for customers in parts of rural West Virginia. The funding is part of the Energy Improvements in Rural or Remote Areas (ERA) program established by the Bipartisan Infrastructure Law.
Many crews expected to transition from Helene aid in Carolinas and Georgia
AKRON, Ohio, Oct. 9, 2024 /PRNewswire/ -- As Hurricane Milton bears down on the west coast of Florida, FirstEnergy Corp. (NYSE: FE) electric companies are sending more than 580 line workers and support personnel to assist Florida Power & Light and Duke Energy with anticipated power restoration efforts following the storm. Many of the crews previously involved in restoring power after Hurricane Helene in the Carolinas and Georgia will be transitioning to Florida in the upcoming days. A new wave of support personnel also began departing from FirstEnergy's service area this morning, and all are anticipated to arrive in Florida on Friday after the storm passes.
AKRON, Ohio, Oct. 8, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the third quarter and first nine months of 2024 after markets close on Tuesday, October 29. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 9 a.m. EDT on Wednesday, October 30. A question-and-answer session will follow.
Companies jointly propose electric transmission projects to serve region's growing power demand through PJM's competitive planning process
Collaboration leverages expertise of industry leaders to propose comprehensive, cost-effective solutions that promote regional grid reliability
AKRON, Ohio, Oct. 7, 2024 /PRNewswire/ -- FirstEnergy Corp., Dominion Energy Virginia and American Electric Power have entered into an innovative joint planning agreement to propose several new regional electric transmission projects across multiple states within the PJM footprint.
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