Firstenergy Corp Stock Price, News & Analysis

FirstEnergy Corp (NYSE: FE) and Penn Power donated nearly 130 trees to Buhl Park in Hermitage, Pennsylvania, on September 22, 2021. Since April 2021, FirstEnergy has planted over 10,000 trees across its service area, aiming to reduce its carbon footprint and promote sustainability. The event involved employee volunteers and is part of broader environmental initiatives led by FirstEnergy's Green Teams across multiple states. Buhl Park, a historical landmark, spans 270 acres and serves nearly half a million visitors annually.

FirstEnergy Corp. (NYSE: FE) has declared a quarterly dividend of 39 cents per share, to be paid on December 1, 2021, to shareholders of record as of November 5, 2021. This decision maintains the company's commitment to returning value to its shareholders. FirstEnergy operates one of the largest investor-owned electric systems in the U.S., providing services across several states, including Ohio and Pennsylvania. The dividend reflects the company's stable operational performance despite ongoing governmental investigations and regulatory challenges.

Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has initiated a sustainability program aimed at recycling and repurposing utility poles in West Virginia. The initiative will allow for the redistribution of used poles to farmers, mills, and charitable organizations for various applications including fencing and landscaping. Each full load consists of approximately 25 poles, weighing between 300 and 4,100 pounds. Mon Power will evaluate the program over the next year, with potential expansion based on its success.

On September 10, 2021, FirstEnergy Foundation announced a $20,000 donation to the Friends of Flight 93 National Memorial, commemorating the 20th anniversary of the September 11 attacks. This contribution supports the education and preservation of the memorial, which honors the bravery of United Flight 93 passengers. Previously, in 2011, the foundation donated $5,000 for the memorial's tenth anniversary. FirstEnergy is committed to supporting non-profits in its service areas and operates one of the largest investor-owned electric systems in the U.S.

ICP Group has appointed Chris Pappas to its Board of Directors, bringing extensive experience in specialty chemicals, coatings, and adhesives. Pappas, former CEO of Trinseo and former board member at FirstEnergy (NYSE: FE) and chairman at Univar (NYSE: UNVR), aims to guide ICP’s growth strategy. CEO Doug Mattscheck expressed confidence in Pappas enhancing the company's market position through organic growth and acquisitions, as ICP expands its leading platform in the coatings and adhesives industry.

FirstEnergy Corp. (NYSE: FE) has dispatched around 500 personnel, including line workers and support teams, to Louisiana to aid in power restoration following Hurricane Ida. The deployment reflects the company's commitment to mutual assistance among electric utilities during emergencies. Over 1 million customers are currently without power in Louisiana due to the hurricane's impact. FirstEnergy's utilities include several from the Northeast and Mid-Atlantic, aiming to expedite recovery efforts in the hardest-hit areas.

Penelec, a subsidiary of FirstEnergy (NYSE: FE), has initiated a project to reconstruct a 5-mile power line between Dushore and New Albany, enhancing its capacity to carry more electricity with a new 34.5-kV line. The upgraded infrastructure will allow line workers to quickly restore power for nearly 4,000 customers in Sullivan County, Pennsylvania, especially after outages. The project, executed in three phases, aims to improve reliability and flexibility in the local electric grid, with the first phase underway and subsequent phases planned for 2022 and 2023.