Firstenergy Corp Stock Price, News & Analysis

Toledo Edison, a FirstEnergy Corp. subsidiary, is investing $7 million in tree trimming and vegetation management across northwest Ohio to enhance electric service reliability and prevent power outages during severe weather. The initiative includes trimming along 1,850 miles of power lines by year-end, following 100 miles already completed. The work spans multiple counties including Defiance, Fulton, Henry, Lucas, and Sandusky. Helicopters with aerial saws are used for hard-to-access areas. This project is part of an ongoing annual effort to maintain power systems and involves collaboration with municipalities and certified forestry experts.

FirstEnergy Corp.'s subsidiary Potomac Edison is investing $14.7 million in tree trimming and vegetation management in Maryland.

The initiative aims to enhance power service reliability by preventing tree-related outages during severe weather. Since the beginning of the year, contractors have trimmed trees along 300 miles of power lines, with a goal to cover an additional 1,800 miles by year-end.

This program involves notifying municipalities and residents before work begins. Potomac Edison serves about 285,000 customers in Maryland.

FirstEnergy's Toledo Edison has initiated a $342,000 project to install 1,650 LED streetlights in Sylvania, Ohio. The new LEDs are expected to save the city almost $77,000 in annual electricity costs, being 50% more efficient than previous lights and lasting up to 20 years compared to 3-5 years for the old lights. The return on investment is estimated at 4.5 years. Improved visibility and reduced crime rates have been observed in areas with similar installations. The project aims to enhance security and cost-efficiency for Sylvania residents and businesses.

FirstEnergy Corp. (NYSE: FE) is using helicopters equipped with infrared technology to conduct aerial inspections of transmission lines to ensure they remain clear of trees and vegetation. The inspections cover nearly 7,000 miles of lines in multiple states and help prevent power outages. The company's commitment to safety, reliability, and operational excellence is showcased through this proactive approach.

American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), has started construction to upgrade a 138-kilovolt substation in Lucas County's Springfield Township and reconfigure connecting high-voltage power lines. The project will benefit nearly 23,000 Toledo Edison customers by enhancing reliability, reducing power outages, and allowing for easier maintenance. The $24 million project is part of the Energize365 program, aimed at creating a smarter, more secure grid to meet future energy needs.

Mon Power, a subsidiary of FirstEnergy Corp., has been chosen by the U.S. Department of Energy to receive up to $5 million in federal funding for a project aimed at enhancing electric reliability for over 3,000 customers in rural West Virginia. The project includes rebuilding power lines and connecting a tie line with a substation, benefiting customers by providing backup power during outages.