Firstenergy Corp Stock Price, News & Analysis

FirstEnergy Corp. (NYSE: FE) urges residential customers in Pennsylvania to contact their utilities—Penelec, Penn Power, Met-Ed, and West Penn Power—regarding payment plans and bill assistance. As shut-offs for nonpayment have resumed, the company highlights the increased financial difficulties customers face due to the pandemic. Eligible programs include the Pennsylvania Customer Assistance Program (PCAP), Low Income Home Energy Assistance Program (LIHEAP), and Dollar Energy Fund, aimed at helping customers manage their accounts and maintain electric service.

FirstEnergy Corp. (NYSE: FE) is set to release its third-quarter and year-to-date financial results on October 28, 2021, after market closure. Management will discuss these results during a conference call on October 29 at 10 a.m. EDT, which will include a Q&A session. Investors can access the call via the company’s Investor Information website, where a replay will be available for up to one year. The company aims to maintain operational excellence and serves customers across multiple states.

Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), has installed avian flight diverters on power lines in the Erie National Wildlife Refuge, Pennsylvania, to prevent bald eagle collisions. The project, part of broader efforts to enhance reliability while protecting wildlife, involves replacing shorter poles with taller structures for easier access. Over the past five years, FirstEnergy has completed more than 100 projects aimed at protecting raptors. The company serves approximately 585,000 customers across northern and central Pennsylvania.

On October 20, 2021, FirstEnergy's subsidiaries, Mon Power and Potomac Edison, urged West Virginia residential customers facing financial difficulties to enroll in payment plans or seek bill assistance. President Jim Meyers highlighted increased financial hardships due to the pandemic, emphasizing the importance of assistance programs. Key programs include the Low Income Energy Assistance Program, Emergency Assistance, and the Dollar Energy Fund. Mon Power serves about 395,000 customers across 34 counties, while Potomac Edison serves approximately 151,000 customers in the Eastern Panhandle.

On October 20, 2021, Potomac Edison, a subsidiary of FirstEnergy (NYSE: FE), urged residential customers facing financial difficulties to contact the utility for payment plans or bill assistance options. As shut-offs for nonpayment have resumed, customers are encouraged to explore available assistance programs, including the Electric Universal Service Program and Maryland Energy Assistance Program. Potomac Edison serves approximately 275,000 customers in Maryland and 151,000 in West Virginia. For further assistance, customers can visit the company's website or call customer service.

FirstEnergy's subsidiary, Jersey Central Power and Light (JCP&L), encourages residential customers facing financial difficulties to enroll in payment plans and seek bill assistance programs, especially due to pandemic-related hardships. JCP&L offers several support programs including the Universal Service Fund (USF) with increased income limits and added benefits, the Low-Income Heating Energy Assistance Program (LIHEAP), and the Payment Assistance for Gas and Electric (PAGE) Program. Customers can access these resources to manage their utility bills effectively.

Jersey Central Power and Light (JCP&L), a FirstEnergy subsidiary, has appointed three new external affairs consultants to enhance community relations and government engagement. The new team members include Jarrell Coleman, Tina Earley, and Jolanta Maziarz, who will work across various regions in New Jersey. Coleman previously worked at Dominion Energy, while Earley has extensive experience in utility management and government affairs. Maziarz brings a background in local governance. JCP&L serves 1.1 million customers in multiple counties, emphasizing its commitment to community involvement and reliability.

FirstEnergy Corp. has completed proactive aerial inspections of nearly 1,000 miles of 345-kV transmission lines in western Pennsylvania using infrared and ultraviolet technology. These inspections help detect early equipment issues, preventing future outages. Annually, visual aerial inspections cover about 2,000 miles, with additional inspections planned. The maintenance of transmission systems is crucial for ensuring reliable electricity supply, especially during high-demand winter months. FirstEnergy serves various counties in Pennsylvania, with a focus on safety and operational excellence.

Potomac Edison, a subsidiary of FirstEnergy, has installed new interior fencing at its Urbana substation in Maryland to prevent animal intrusions, which are a common cause of power outages. The fencing covers a 650-foot perimeter and aims to protect electrical equipment while ensuring reliable service for nearly 5,400 customers. Since 2014, similar installations at 19 substations have significantly reduced animal-related outages. FirstEnergy emphasizes the cost-effectiveness and humane nature of this fencing solution for maintaining operational integrity.