Firstenergy Corp Stock Price, News & Analysis

FirstEnergy Corp. (NYSE: FE) urges Pennsylvania residential customers facing financial difficulties to contact their utilities for assistance before the winter disconnection moratorium ends on April 1. Employees share personal stories in the video "We're Customers Just Like You". Several assistance programs are available, including LIHEAP, PCAP, and emergency fund options. Customers are encouraged to apply before funds are exhausted.

FirstEnergy Corp.'s electric companies in Ohio, including The Illuminating Company, Ohio Edison, and Toledo Edison, are urging customers facing financial hardship to seek assistance before the suspension of shut-offs for nonpayment ends on April 15. The company encourages customers to utilize various assistance programs such as the Percentage of Income Payment Plan (PIPP) and Home Energy Assistance Program (HEAP). With programs available to help manage utility bills, FirstEnergy emphasizes the importance of reaching out for support during challenging times.

FirstEnergy Corp. is bracing for a severe winter storm forecasted to impact its service area from February 24 through February 25, 2022. Expected conditions include ice accumulation, heavy rain, and gusty winds across several states, including Ohio, Pennsylvania, New Jersey, and Maryland. To mitigate potential service interruptions, FirstEnergy is activating its storm response plans by mobilizing additional personnel and securing 500 outside contractor line workers. The company encourages customers to prepare for possible outages and has provided a set of safety tips for storm readiness.

CRA International, Inc. (NASDAQ: CRAI) has announced an RFP auction for FirstEnergy Corp.'s (NYSE: FE) Ohio utilities, focusing on their Percentage of Income Payment Plan (PIPP) customers. The winning supplier will provide service for a 12-month period from June 2022 to May 2023. The auction will be managed by CRA, and an Information Session for bidders is planned for February 24, 2022, with applications accepted starting February 25 and due by March 10. Bids from Registered Bidders will be submitted on March 21.

Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has appointed Amy Overman as its new external affairs consultant. Overman, with 14 years of experience in the New Jersey legislature, will enhance community engagement and liaise with local officials. JCP&L aims to strengthen relationships within the communities it serves, which include over 1.1 million customers across multiple counties. This move underscores FirstEnergy's commitment to community involvement and operational excellence.

Mon Power, a subsidiary of FirstEnergy Corp (NYSE: FE), has enhanced its distribution system to improve service reliability for 2,883 customers. Key improvements include the installation of animal guards to prevent outages due to wildlife, new equipment for isolating issues on power lines, and backup power feeds for quicker service restoration. Notably, upgrades benefit customers in Barbour, Greenbrier, Webster, Lewis, and Roane counties. Mon Power emphasizes its commitment to safe electric service and plans additional reliability projects in 2022.

FirstEnergy Corp. has been recognized for its emergency response for the 16th consecutive year by the Edison Electric Institute (EEI). The company received the "Emergency Recovery Award" for restoring power to over 175,000 customers in New Jersey and Pennsylvania post-Hurricane Ida, and the "Emergency Assistance Award" for aiding Entergy in Louisiana. FirstEnergy mobilized over 525 personnel to help restore power and completed significant repairs, including replacing 217 poles and 125 transformers.