Welcome to our dedicated page for Firstenergy news (Ticker: FE), a resource for investors and traders seeking the latest updates and insights on Firstenergy stock.
FirstEnergy Corp (NYSE: FE) delivers essential electricity services to 6 million customers across six Mid-Atlantic and Midwestern states through its regulated transmission and distribution operations. This news hub provides investors and stakeholders with authoritative coverage of FE's operational developments, financial disclosures, and strategic initiatives.
Access timely updates on earnings reports, grid modernization projects, regulatory filings, and leadership announcements. Our curated collection features official press releases alongside third-party analysis of FE's infrastructure investments, rate case proceedings, and reliability enhancement programs.
Key coverage areas include capital expenditure plans, dividend declarations, storm response updates, and compliance milestones. Bookmark this page for centralized access to FE's latest operational statistics, environmental initiatives, and financial performance metrics - all critical for informed energy sector analysis.
Ohio Edison, a subsidiary of FirstEnergy (NYSE: FE), completed significant grid modernization in Salem, Ohio, enhancing service reliability for over 8,200 customers. The upgrades include automated equipment and technology aimed at minimizing power outages during adverse weather. Key features include five newly installed automated reclosing devices and additional power lines for faster service restoration. Previous upgrades have improved average restoration times by nearly 30 minutes during severe weather. Future work includes tree-trimming and equipment inspections across 500 miles of power lines.
FirstEnergy Corp. (NYSE: FE) subsidiary JCP&L has enhanced service reliability by completing inspections and maintenance across its New Jersey service area ahead of anticipated high electric usage this summer. Helicopter patrols and thermovision cameras were utilized to identify potential issues, while critical equipment has been staged closer to high-demand areas like the Jersey Shore. JCP&L has also tested flood walls at vulnerable substations and conducted a storm restoration drill in preparation for an above-average hurricane season. Customers can find energy-saving tips and assistance programs online.
Penn Power, a FirstEnergy Corp. electric company, has completed proactive inspections and maintenance of its electric grid to prepare for extreme summer weather. This summer, the company plans to invest over $20 million in upgrades, which include advanced thermovision technology to identify potential infrastructure issues. A new distribution substation in Cranberry will enhance service for over 20,000 customers. Additionally, customers are advised on energy-saving tips during heat waves, emphasizing thermostat adjustments and proper air conditioning usage to manage rising energy costs.
FirstEnergy Corp. (NYSE: FE) is advancing its environmental initiative by exceeding its goal of creating 225 acres of pollinator-friendly habitats by 2025. Launched in 2020, the program has led to the development of approximately 190 acres by the end of Q3 2022. Efforts include seeding various areas, such as substations and transmission lines, with native plant mixes designed for pollinator support. This initiative underscores FirstEnergy's commitment to environmental stewardship while enhancing biodiversity across its service territory.
Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is launching a program to install and maintain up to seven Level 2 electric vehicle charging stations at multifamily properties in Maryland, with no installation costs for property owners. This initiative is part of the EV Driven program, which aims to support Maryland's goal of 300,000 zero-emission vehicles by 2025. Property owners can also receive $20,000 rebates for self-installed chargers. The program runs until the end of 2023, enhancing EV infrastructure in the region.
FirstEnergy Corp. (NYSE: FE) has announced the results of its cash Tender Offer, with a maximum purchase price of $1.1 billion for its 7.375% Notes, Series C, due 2031 and 4.85% Notes, Series C, due 2047. The company accepted all validly tendered 2031 Notes and approximately 65.9% of 2047 Notes. Settlement for accepted Notes will occur on June 15, 2022, with the offer set to expire on June 28, 2022.
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