Firstenergy Corp Stock Price, News & Analysis

FirstEnergy Corp. (NYSE: FE) encourages residential customers in Ohio, served by its subsidiaries Ohio Edison, The Illuminating Company, and Toledo Edison, to enroll in payment plans and apply for bill assistance programs due to ongoing economic challenges. Patricia Mullin, acting president of Ohio Operations, emphasizes the urgency for customers struggling to pay bills to contact the utility. Programs include the Percentage of Income Payment Plan (PIPP), Home Energy Assistance Program (HEAP), and emergency funds for those facing hardships. The Winter Reconnect Option allows service restoration for $175. Customers can find more assistance details online.

FirstEnergy's subsidiary, Jersey Central Power and Light (JCP&L), encourages residential customers in financial distress to enroll in payment plans and seek bill assistance. This initiative is crucial as many customers face economic challenges exacerbated by the pandemic. President Jim Fakult highlights the importance of contacting JCP&L for support options. Eligible programs include the Universal Service Fund, Low-Income Heating Energy Assistance Program, and Payment Assistance for Gas and Electric Program, which provide financial relief based on income levels. JCP&L serves about 1.1 million customers across New Jersey.

FirstEnergy Corp. (NYSE: FE) encourages struggling residential customers in Pennsylvania, served by Penelec, Penn Power, Met-Ed, and West Penn Power, to enroll in payment plans and bill assistance programs.

Amid ongoing financial challenges due to the pandemic, the company highlights multiple support initiatives including the Pennsylvania Customer Assistance Program (PCAP) and the Low Income Home Energy Assistance Program (LIHEAP). Customers are urged to contact their utility provider for enrollment and assistance options. FirstEnergy aims to help mitigate rising customer debt and ensure continued service during winter months.

FirstEnergy Corp. (NYSE: FE) subsidiary Potomac Edison is urging residential customers facing financial challenges to enroll in payment plans and bill assistance programs. Linda Moss, president of Maryland Operations for FirstEnergy, noted the ongoing economic uncertainty affecting many customers. Eligible programs include the Electric Universal Service Program, Utility Service Protection Program, and Maryland Energy Assistance Program. Customers can also access the 2-1-1 Helpline for local resources. Potomac Edison serves approximately 275,000 customers across Maryland and the Eastern Panhandle of West Virginia, emphasizing its commitment to customer support during tough economic times.

FirstEnergy Corp. (NYSE: FE) encourages its West Virginia residential customers facing financial difficulties to enroll in various bill assistance programs. Programs include the Low Income Energy Assistance Program (LIEAP), Emergency Assistance Program, and Dollar Energy Fund, all aimed at preventing service termination for nonpayment. James Myers, president of West Virginia Operations, highlights the importance of reaching out to the utility for options during winter. Mon Power serves around 395,000 customers, while Potomac Edison serves about 151,000 in the area. More information can be accessed through local DHR offices or the FirstEnergy website.

FirstEnergy Corp. (NYSE: FE) has been awarded the Emergency Recovery Award by the Edison Electric Institute (EEI) for its exceptional response to power outages affecting over 287,000 customers in Ohio and West Virginia due to severe weather in June 2022. This marks the seventeenth consecutive year FirstEnergy has received recognition for its storm response. The award was presented on January 11, 2023, after more than 1,800 employees worked to restore power, replacing 263 poles and 149 transformers under challenging conditions.

FirstEnergy Corp. (NYSE: FE) will announce its financial results for Q4 and full year 2022 after market close on February 13. A conference call for financial analysts is set for 11 a.m. EST on February 14, featuring a Q&A session. Interested parties can access the live webcast and presentation on FirstEnergy's Investor Information website. The company is recognized for its commitment to integrity, reliability, and operational excellence, serving customers across several states including Ohio and Pennsylvania.

FirstEnergy alerts customers to conserve electricity due to extreme cold, predicting high electric demand today as temperatures plummet. The PJM Interconnection recommends energy-saving measures until 10 a.m. on December 25. Customers are advised to lower thermostats, turn off non-essential appliances, postpone using major electric appliances, and close curtains to retain warmth. The utility company warns of potential short, rotating outages if demand continues to rise. FirstEnergy serves multiple states and operates about 24,000 miles of transmission lines.

FirstEnergy Corp. (NYSE: FE) is gearing up for a severe winter storm expected to impact its service territories in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York from Dec. 22, 2022, through Dec. 24, 2022. The storm will bring extreme cold, ice, snow, and winds exceeding 60 mph. FirstEnergy's utility teams are implementing enhanced storm response plans, including additional staffing for damage assessments and restoration efforts. Customers are advised to prepare for potential outages and can report issues via multiple channels.