Firstenergy Corp Stock Price, News & Analysis

FirstEnergy's Ohio Edison completed proactive aerial inspections of nearly 800 miles of 345-kV transmission lines using infrared and ultraviolet (IR/UV) technology to ensure reliable power delivery during winter. Conducted every four years with American Transmission Systems, these inspections identify hidden equipment issues, enhancing system reliability. Following inspections in mid-August to September, additional visual inspections of 4,000 miles of lower-voltage lines will continue. These efforts are crucial for preventing outages and ensuring customer service across Ohio's 34 counties.

Construction is underway on a new electric transmission project in Trumbull County, Ohio, by FirstEnergy Corp (NYSE: FE), aimed at supporting the expanding electric vehicle industry. The $12 million project includes a 138-kilovolt power line connecting substations over 3.5 miles to meet energy demands from the Ultium Cells battery plant, creating about 1,100 jobs. The initiative will enhance service reliability for over 15,000 customers while reducing power outages. Completion is expected in early 2022.

FirstEnergy Corp. (NYSE: FE) urges residential customers in Ohio Edison, The Illuminating Company, and Toledo Edison to enroll in payment plans or seek bill assistance due to financial hardships worsened by the pandemic. Assistance programs include the Percentage of Income Payment Plan (PIPP), Home Energy Assistance Program (HEAP), and $175 Winter Reconnect Option, aimed at helping those struggling with utility payments. These programs may offer debt forgiveness and cash grants, providing crucial support as temperatures drop and disconnections resume.

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.