Firstenergy Corp Stock Price, News & Analysis

Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has been awarded the 2022 ENERGY STAR® Partner of the Year Award by the EPA and the U.S. Department of Energy for its energy efficiency programs in Maryland. This recognition highlights Potomac Edison's commitment to environmental stewardship and its role in helping customers manage energy use effectively. The company offers various incentives such as recycling programs for old appliances, home energy efficiency kits, and discounts on ENERGY STAR certified products. This achievement marks Potomac Edison's second award in this category.

Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is investing $9 million in a tree-trimming program to enhance service reliability across western Pennsylvania. The initiative aims to trim trees along 1,120 miles of power lines, helping to prevent outages during the storm season. As of now, over 250 miles have been completed, with plans to finish an additional 800 miles by year-end. Work is executed by certified forestry experts, utilizing aerial saws for hard-to-reach areas, ensuring safety and efficiency.

Toledo Edison, part of FirstEnergy (NYSE: FE), has announced a $5.5 million investment in a tree-trimming program to enhance service reliability in northwest Ohio. The initiative aims to prevent tree-related power outages during severe weather, trimming nearly 1,300 miles of power lines by year-end. As of now, over 150 miles have been completed. The program, conducted every four years, involves certified forestry experts and includes aerial tree trimming for hard-to-reach areas. This proactive approach is designed to maintain safety and service continuity for nearly 315,000 customers.

The Illuminating Company, a subsidiary of FirstEnergy Corp. (NYSE: FE), is launching a $16.5 million tree-trimming program in northeast Ohio to enhance electric service reliability. The initiative aims to prevent outages caused by trees, especially during storm seasons. As of now, 400 miles of power lines have been trimmed, with an additional 1,600 miles expected to be completed by year-end. The program, managed by certified forestry experts, follows a four-year cycle and is expected to benefit over 750,000 customers.

Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has initiated its 2022 tree-trimming program to enhance electric service reliability. The program aims to clear vegetation along approximately 3,100 miles of power lines in Maryland and West Virginia, investing $33 million in the process. Notably, tree-related service interruptions dropped by 20% in 2021 compared to 2019. The initiative includes pruning and inspecting trees, thereby facilitating easier maintenance and repairs. This effort supports about 275,000 customers in Maryland and 151,000 in West Virginia.

Ohio Edison, a subsidiary of FirstEnergy Corp (NYSE: FE), has announced a $21.6 million investment in tree trimming and vegetation management across its service area to enhance electric service reliability. The program aims to prevent tree-related outages, particularly during the storm season, with over 300 miles already completed this year and an additional 4,400 miles planned by year-end. Work is performed by certified professionals and includes tree inspections, pruning, and removals where necessary.

FirstEnergy's subsidiary, Mon Power, has launched its 2022 tree-trimming program in West Virginia, targeting nearly 5,200 miles of power lines. This initiative, part of a $58 million investment, aims to enhance service reliability and reduce power outages due to tree-related incidents. Since 2014, Mon Power has cleared over 31,000 miles and trimmed more than 3.7 million trees, leading to a 40% decrease in customer outage minutes. Additionally, a $10.5 million program focuses on removing deteriorated ash trees affected by the Emerald Ash Borer.

FirstEnergy Corp. (NYSE: FE) subsidiary Met-Ed is executing a tree-trimming program across eastern Pennsylvania, covering nearly 3,200 miles of power lines to enhance electric service reliability. As of May 3, 2022, around 500 miles have been completed as part of a $30 million vegetation management initiative for 2022. The program aims to reduce tree-related outages, having successfully reduced service interruptions by 8% in 2021. Work includes pruning and removing hazardous trees, with certified experts managing the processes.