Firstenergy Corp Stock Price, News & Analysis

Potomac Edison, a FirstEnergy Corp. (NYSE: FE) subsidiary, has announced various programs and tools to help customers manage their electricity bills as summer approaches. The company's key offerings include:

The Average Payment Plan (APP), a budget billing solution that spreads annual costs across 12 months to manage seasonal fluctuations. Through MyAccount, customers can access the Analyze Usage tool for personalized energy-saving insights and usage tracking. The company also provides bill assistance programs and payment plans for customers experiencing difficulties.

Additionally, Potomac Edison shared energy-saving tips including weatherstripping, HVAC maintenance, proper thermostat placement, and regular filter changes. The company serves approximately 285,000 customers in Maryland and 155,000 customers in West Virginia.

FirstEnergy (NYSE: FE) is deploying advanced LiDAR technology to manage vegetation along 7,100 miles of high-voltage power lines across its service area. The helicopter-based laser scanning system creates detailed 3D maps of terrain, power lines, and vegetation, enabling proactive identification of potential hazards. This initiative, running through fall 2025, has already helped inspect over 100,000 miles of transmission lines since 2016, reducing manual patrols by up to 50%.

The program is part of Energize365, FirstEnergy's grid evolution initiative with planned investments of $28 billion between 2025-2029. The technology enhancement supports vegetation management across Ohio, Pennsylvania, New Jersey, Maryland, West Virginia, and Virginia, serving over six million customers while improving service reliability and operational efficiency.

FirstEnergy Corp. (NYSE: FE) has appointed Michael Auseré as Vice President of Financial Planning and Analysis, effective June 2. Reporting to CFO Jon Taylor, Auseré will oversee the company's long-range planning and budgeting processes to support financial objectives and strategic initiatives. With over 25 years of energy industry experience, Auseré joins from Eversource Energy, where he served as VP of Business Development. His previous roles include VP of Financial Planning at Eversource, financial positions at Energy Future Holdings, and public accounting at PwC. FirstEnergy serves over 6 million customers across six states and operates more than 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.

FirstEnergy (NYSE: FE) has appointed Tabrina L. Davis as Vice President, Communications, effective May 19. Davis will be responsible for developing and executing FirstEnergy's internal and external communications strategies, reporting directly to CEO Brian X. Tierney and joining the Executive Council.

Davis brings 20 years of communications leadership experience, most recently serving as VP of Communications, Marketing and Digital Strategy at Methodist Le Bonheur Healthcare. She previously held leadership positions at Wyn-Win Communications, Northrop Grumman, and Presence Health. Notably, Davis has utility industry experience from her 12-year tenure at ComEd, where she rose to VP of Communications.

She holds bachelor's and master's degrees in journalism and mass communication from Illinois State University and the University of Iowa, respectively.

Mon Power, a FirstEnergy Corp. (NYSE: FE) subsidiary, has planted and donated over 2,700 trees across its West Virginia service area this spring through its Green Team volunteer initiatives. The effort included tree plantings and giveaways in multiple locations including Fairmont, Hinton, Morgantown, Parkersburg, and Weirton. Notable projects included planting 1,200 trees in the Morgantown area and establishing pollinator gardens in Marion County parks.

This initiative is part of FirstEnergy's broader environmental commitment, with approximately 16,000 trees planted throughout its six-state service territory in 2025. The company's Green Teams, operating across five states, partner with various environmental organizations to promote sustainability and reduce FirstEnergy's carbon footprint.

The FirstEnergy Foundation has donated $25,000 to the American Red Cross to support disaster assistance efforts in communities served by FirstEnergy's Jersey Central Power & Light (JCP&L). The donation follows the Red Cross's response to the Jones Road Wildfire in Ocean County, which burned over 15,000 acres and forced the evacuation of 5,000 residents in April. The fire threatened more than 1,300 structures, leading to mandatory evacuations for 3,000 residents in Ocean and Lacey townships. JCP&L temporarily cut power to over 25,000 customers for firefighter safety. The Red Cross provided shelter, care, and meals to more than 300 people and supported first responders during the crisis.

FirstEnergy (NYSE: FE) is conducting proactive aerial inspections of nearly 5,000 miles of high-voltage power lines across its six-state service area using infrared and ultraviolet (IR/UV) technology. The inspections, performed every four years, help detect early-stage equipment issues that are often invisible during regular visual inspections. The low-flying helicopter patrols, operating at 25-35 mph, use specialized cameras to identify potential problems like loose connections, corrosion, and cracked insulators.

Current completion rates vary by region: Ohio (64% of 1,046 miles), Pennsylvania (50% of 2,220 miles), New Jersey (42% of 630 miles), and West Virginia & Maryland (20% of 648 miles). This initiative is part of FirstEnergy's Energize365 program, which includes $28 billion in planned investments between 2025-2029 to create a smarter, more secure grid capable of meeting future energy demands.

FirstEnergy (NYSE: FE) is working to restore power across West Virginia and Pennsylvania following severe storms this week. More than 430,000 customers lost power due to heavy rain and straight-line winds on Tuesday, with additional outages from Thursday thunderstorms. As of the report, 87% of affected customers (381,000) have had power restored. A workforce of 4,900 total workers from 18 states is supporting restoration efforts. Current restoration status by subsidiary: Mon Power (96% restored), Penn Power (96% restored), Penelec (92% restored), and West Penn Power (79% restored). Most remaining customers are expected to have power restored between May 2-5, with specific timelines varying by county. The company has established a Global Estimated Time of Restoration (ETR) system for customers to track individual outage status.

FirstEnergy Corp. (NYSE: FE) is actively responding to widespread power outages affecting 150,000 customers in Pennsylvania and West Virginia following a severe storm on April 29. Over 4,750 personnel are working around the clock to restore service, with 275,000 customers already restored out of 380,000 affected. The storm, recorded as the second-worst since 2009 in western Pennsylvania, caused extensive damage with wind speeds reaching 110-120 mph in Cambria County. Adding to the challenge, another severe weather system is expected with 40-50 mph winds, potentially slowing restoration efforts. The company has provided detailed restoration timelines by county, with most areas expected to have power restored between May 2-5. FirstEnergy is offering free water and ice to affected Pennsylvania customers and has emphasized generator safety protocols during the outage.