Firstenergy Corp Stock Price, News & Analysis

FirstEnergy Pennsylvania Electric Company (FE PA), operating as Met-Ed, is nearing completion of critical inspections and maintenance work to boost service reliability for around 592,000 customers in eastern Pennsylvania. With the summer season expected to bring high electric usage and severe weather, the company has conducted thermovision inspections using infrared cameras to detect potential equipment issues like loose connections and corrosion. Helicopter patrols have also inspected 970 miles of power lines, identifying and addressing hardware problems. Additionally, tree trimming has been carried out along 950 miles of power lines, with 2,160 more miles scheduled by year-end. Met-Ed also conducted storm-readiness exercises to enhance response to power outages. The company provides tips to manage energy costs during high-demand periods, including using programmable thermostats and sealing leaks. Customers can access payment assistance programs if needed.

FirstEnergy Pennsylvania Electric Company (FE PA), known as Penelec, is wrapping up inspections and proactive maintenance to enhance service reliability during the summer. Penelec's efforts include thermovision inspections using infrared technology, helicopter patrols over 2,500 miles of power lines, and tree trimming along 1,225 miles with an additional 3,000 miles planned. These measures aim to increase system readiness for higher electrical demand and reduce the impact of power outages. The company also offers tips for customers to manage energy bills and cope with rising temperatures.

FirstEnergy Pennsylvania Electric Company (FE PA), operating as West Penn Power, is finalizing inspections and maintenance to enhance service reliability amid anticipated high summer electrical demand. This includes thermovision camera inspections to detect hidden issues and helicopter patrols inspecting over 1,700 miles of power lines for potential problems. Since the year's start, tree trimming along 1,840 miles of power lines has been completed, with an additional 2,860 miles scheduled. Storm-readiness drills were also conducted to improve outage response. West Penn Power offers energy-saving tips to manage rising temperatures and costs and serves approximately 746,000 customers in 24 Pennsylvania counties.

Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy (NYSE: FE), has concluded inspections and maintenance to ready its electric grid in central and northern New Jersey for summer heat and severe weather, including hurricanes. Visual inspections, helicopter patrols covering 700 miles, and infrared thermovision imaging were employed to identify potential issues, which were promptly addressed. With the National Oceanic and Atmospheric Administration (NOAA) forecasting an 85% chance of an above-normal hurricane season, JCP&L has strategically positioned critical equipment to ensure swift response and power restoration. Additionally, customers can manage energy costs by using fans, closing blinds, and utilizing programmable thermostats. JCP&L serves 1.1 million customers across 13 counties in New Jersey.

FirstEnergy Corp. (NYSE: FE) announced that its distribution and transmission system is ready to handle the increased electricity demand due to an approaching summer heat wave in the Midwest and Mid-Atlantic regions. Wade Smith, President of FirstEnergy's Utilities, emphasized the importance of system inspections and maintenance programs to ensure reliability during high temperatures. FirstEnergy provided tips for customers to use electricity wisely, such as setting thermostats high, using fans, and sealing leaks. The company also highlighted proactive measures like thermovision camera inspections and helicopter patrols to prevent power outages. Employees are briefed on safety measures to avoid heat-related illnesses. Follow FirstEnergy on social media for more tips and resources.

Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is promoting Utility Assistance Awareness Week, from June 10-14, in collaboration with the New Jersey Board of Public Utilities. JCP&L is encouraging residential customers facing financial difficulties to enroll in various payment assistance programs designed to help manage utility bills.

These programs include the Universal Service Fund (USF) Program, Low-Income Heating Energy Assistance Program (LIHEAP), Payment Assistance for Gas and Electric (PAGE) Program, NJ SHARES, Lifeline Utility Assistance, and the 2-1-1 Helpline. Customers can visit firstenergycorp.com/billassist or call 1-800-662-3115 for more information and assistance.

JCP&L serves 1.1 million customers across multiple New Jersey counties. FirstEnergy emphasizes its commitment to safety, reliability, and operational excellence, serving customers in various states through its extensive transmission network.

On June 11, 2024, FirstEnergy Corp. (NYSE: FE) announced the appointment of Stephen Avila as Vice President of Customer Care, effective June 3. Avila, formerly with Macy's, brings extensive experience in leveraging technology and strategic leadership to drive customer experience. He will oversee key functions such as customer account management, payment systems, and self-service options. Reporting to Michelle Henry, Senior VP of Customer Experience, Avila aims to innovate and enhance FirstEnergy's customer care processes. FirstEnergy serves over 6 million customers across multiple states and operates a vast transmission network.

FirstEnergy Corp. (NYSE: FE) has promoted Nikhil Rao to Associate General Counsel, Litigation and Labor & Employment, effective June 16, 2024. Rao, who joined the company in 2014, previously served as Senior Corporate Counsel II in the Federal Regulatory Group. In his new role, he will manage various legal matters, including litigation and labor law issues. Rao will report to the company's Senior VP and Chief Legal Officer, Hyun Park. With extensive experience in both law and business, Rao's appointment reflects his commitment to FirstEnergy's core values. FirstEnergy serves over 6 million customers across six states and operates a vast network of transmission lines.

Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), recently held an annual emergency preparedness drill at its Fairmont headquarters. The exercise tested storm restoration processes to handle outages caused by severe weather. The drill simulated a storm with 70 mph gusts affecting over 270,000 customers and a prior substation incident impacting 10,000 customers.

Jim Myers, President of FirstEnergy's West Virginia Operations, emphasized the importance of these drills in maintaining service reliability. Key activities included safety, logistics, operations, and planning. Mon Power activated its Incident Command System to manage the response, prioritizing restoration to critical facilities first.

Mon Power serves approximately 395,000 customers across 34 West Virginia counties. For more information, visit FirstEnergy's 24/7 Power Center.