FirstEnergy Receives Industry Awards for Ohio Storm Restoration Effort and Assistance with Hurricanes Helene and Milton
Rhea-AI Summary
FirstEnergy Corp. (NYSE: FE) has received two prestigious awards from the Edison Electric Institute (EEI) for its exceptional storm response efforts in 2024. The company earned an Emergency Recovery Award for restoring power to hundreds of thousands of customers after a historic August 2024 weather event in northeast Ohio, and an Emergency Assistance Award for supporting restoration efforts following Hurricanes Helene and Milton.
The August 6 storm, the most severe since 1993, affected over 627,700 customers across multiple states, with 497,500 in Ohio alone. FirstEnergy crews worked more than 384,000 man-hours, replacing nearly 500 poles, 231 transformers, and 75 miles of wire, achieving 94% power restoration by August 11. Additionally, the company deployed approximately 645 line workers and 300 trucks for hurricane restoration efforts in the Carolinas, Florida, Georgia, and Virginia, logging over 150,000 man-hours.
Positive
- Received industry recognition for 20th consecutive year for storm response efforts
- Demonstrated strong operational capabilities by restoring power to 94% of affected customers within 5 days
- Successfully managed large-scale emergency response, coordinating thousands of workers across multiple states
Negative
- Extensive infrastructure damage requiring significant resource deployment and repairs
- Major service disruption affecting 627,700 customers across multiple states
News Market Reaction
On the day this news was published, FE declined 0.12%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The company also received the Emergency Assistance Award from EEI for its support last fall with the restoration efforts following Hurricanes Helene and Milton. This is the 20th consecutive year FirstEnergy has been recognized by EEI for its storm response efforts.
Wade Smith, President, FirstEnergy Utilities: "I am proud of the dedicated FirstEnergy employees who worked tirelessly in the wake of an extreme weather event in northeast
On Aug. 6, FirstEnergy experienced the most impactful storm to hit its northeast
Watch a video recap of FirstEnergy's storm restoration efforts during the historic Aug. 6 storm on FirstEnergy's YouTube channel.
More than 627,700 customers across FirstEnergy's footprint in
By Aug. 11, FirstEnergy had restored power to
In September and October, FirstEnergy sent approximately 645 line workers and 300 trucks to assist other electric companies with restoration efforts in the Carolinas,
Photos and video clips from FirstEnergy's mutual aid support following Hurricanes Helene and Milton can be viewed/downloaded here.
EEI presents awards twice annually to member companies for extraordinary power restoration efforts or assistance to other electric companies after service disruptions caused by weather conditions and other natural events. The winners were chosen by a panel of judges following an international nomination process, and the awards were presented during EEI's winter Board of Directors and CEO meeting.
EEI Interim President and CEO Pat Vincent-Collawn: "EEI commends FirstEnergy for its efforts to respond safely and efficiently to the aftermath of the severe weather event in
EEI is the association that represents all
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 customers in
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SOURCE FirstEnergy Corp.