Firstenergy Corp Stock Price, News & Analysis

Mon Power and Potomac Edison, subsidiaries of FirstEnergy (NYSE: FE), have proposed a $142 million environmental compliance program for their Fort Martin and Harrison power plants. The plan aims to meet U.S. EPA wastewater treatment guidelines, with completion expected by the end of 2025. Upgrades will facilitate continued operation until 2035 and 2040, creating local jobs and reducing environmental impact. Cost will be covered by a ratepayer surcharge starting at 51 cents per month for residential customers in West Virginia.

FirstEnergy Corp. introduces its first hybrid electric bucket trucks to enhance service reliability for JCP&L customers in New Jersey while reducing greenhouse gas emissions. Five trucks are undergoing inspections, with plans for fleet electrification targeting 30% by 2030 and 100% by 2050. The initiative aims to eliminate approximately 10,000 metric tons of GHG emissions annually, equating to removing nearly 2,200 cars from roads. These vehicles reduce noise pollution and operational costs, signaling a commitment to environmental stewardship as part of FirstEnergy's broader climate strategy.

FirstEnergy Corp. (NYSE: FE) announced that its utility subsidiaries have filed procurement plans with the Pennsylvania Public Utility Commission for electric generation supply starting June 2023. These companies serve over two million customers in Pennsylvania and will use an auction process for electric supply. CRA International will manage the procurement process, starting auctions in November 2022 and continuing semiannually until 2026. Additionally, they aim to meet alternative energy standards, including solar projects. A decision from the PaPUC is expected in mid-2022.

On December 14, 2021, FirstEnergy Corp. announced a new investment in Energy Impact Partners' Fund II, joining leading utilities and companies to raise over $1 billion in capital. This initiative targets advancements in sustainable energy technologies such as electrification, energy storage, and cybersecurity. The investment aligns with FirstEnergy's commitment to achieving carbon neutrality by 2050 and reducing greenhouse gases by 30% by 2030. The company aims to leverage EIP’s portfolio for innovative solutions in its operations.

FirstEnergy Corp. (NYSE: FE) has announced its annual "Merry & Bright" Holiday Lights Sweepstakes, urging utility customers to showcase their outdoor holiday lighting displays. Participants can enter by submitting photos or videos via their local utility's Facebook page until December 17, 2021. Weekly winners will receive a $100 Amazon gift card. FirstEnergy emphasizes the importance of safety when decorating outdoors, advising customers to maintain safe distances from electrical hazards. For more details and safety tips, customers can visit FirstEnergy’s public safety website.

Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is enhancing service reliability ahead of winter by conducting inspections and maintenance across its 3,200-square-mile area. Proactive measures, such as tuning up substations and tree trimming along 2,970 miles of electric lines, aim to prevent service interruptions due to winter weather conditions. JCP&L serves 1.1 million customers in New Jersey and emphasizes safety through winter preparation for both equipment and employees.