Firstenergy Corp Stock Price, News & Analysis

Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is undertaking winter readiness inspections and maintenance to ensure reliable power for its 275,000 Maryland and 151,000 West Virginia customers. Activities include inspecting substation equipment, using thermovision technology for potential issues, and trimming trees along 3,100 miles of power lines. The company emphasizes proactive measures to prevent outages during extreme weather and offers energy-saving tips to customers, alongside assistance programs for those needing help with electric bills.

West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is finalizing winter preparations to ensure reliable electricity during cold months. Inspections include the use of 'thermovision' cameras to identify potential issues in substations, and helicopter surveys of 1,700 miles of transmission lines. Tree trimming is on track to exceed 5,000 miles this year. The utility is also winterizing control buildings and inspecting vehicles for safety in freezing conditions. West Penn Power serves approximately 725,000 customers across 24 counties in Pennsylvania.

Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has begun upgrades on 19 miles of transmission power lines in Monmouth County, New Jersey. The $53 million investment aims to enhance reliability for 50,000 customers. The two projects include replacing older infrastructure and adding redundancy through two independent circuits, improving service continuity. Completion is expected between May and December 2023. These upgrades are part of FirstEnergy's broader $7 billion 'Energizing the Future' initiative, which focuses on modernizing the transmission system and reducing outages.

Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), is finalizing an electric distribution upgrade project in Crawford County, benefiting about 1,000 customers in Vernon Township and nearby areas. This includes converting a power line to a higher voltage and installing automated equipment to improve service reliability, especially during winter storms. The initiative, part of Penelec's $200 million Long Term Infrastructure Improvement Plan, enhances the local network's capacity, ensuring quicker repairs. The project commenced in July and is expected to conclude by year-end.

FirstEnergy Corp. (NYSE: FE) and Ohio Edison will host a 'Light Up Holiday Smiles' event in Elyria, Ohio, on Nov. 30. This initiative involves a professionally designed light display to uplift local communities in Ohio, West Virginia, and New Jersey. The ceremony will take place at Pioneer Plaza Park from 5:30 p.m. to 7 p.m., with the main lighting at 6:20 p.m. Elyria was chosen for its efforts in supporting families facing economic challenges, reflecting a 65% increase in the elementary-aged youth population since 2010.

FirstEnergy Corp. (NYSE: FE) has announced that Summersville, W.Va., will receive a festive light display as part of its 'Light Up Holiday Smiles' program. This initiative aims to bring joy to communities in W.Va., Ohio, and New Jersey, with the lighting ceremony scheduled for December 2, 2022. The city was chosen for its commitment to diversity and community support. FirstEnergy serves approximately 395,000 customers in 34 counties across West Virginia, emphasizing its dedication to operational excellence.