Welcome to our dedicated page for Firstenergy news (Ticker: FE), a resource for investors and traders seeking the latest updates and insights on Firstenergy stock.
FirstEnergy Corp (NYSE: FE) delivers essential electricity services to 6 million customers across six Mid-Atlantic and Midwestern states through its regulated transmission and distribution operations. This news hub provides investors and stakeholders with authoritative coverage of FE's operational developments, financial disclosures, and strategic initiatives.
Access timely updates on earnings reports, grid modernization projects, regulatory filings, and leadership announcements. Our curated collection features official press releases alongside third-party analysis of FE's infrastructure investments, rate case proceedings, and reliability enhancement programs.
Key coverage areas include capital expenditure plans, dividend declarations, storm response updates, and compliance milestones. Bookmark this page for centralized access to FE's latest operational statistics, environmental initiatives, and financial performance metrics - all critical for informed energy sector analysis.
FirstEnergy Corp. (NYSE: FE) announced the appointment of Michael Montaque as vice president of Internal Audit, effective July 12. He will lead the development and execution of the audit plan, ensuring the identification and prevention of business risks. Montaque succeeds Kevin Burgess, who retired after 21 years. With over 30 years of experience in finance, particularly in the energy sector, Montaque's previous role was Chief Audit Executive at Alliant Energy. His leadership aims to strengthen the audit function and restore stakeholder trust.
The Illuminating Company, a subsidiary of FirstEnergy Corp. (NYSE: FE), began a collaboration with wildlife officials to safeguard a red-tailed hawk nest located on a transformer in Strongsville, Ohio. This initiative aims to protect both the nest and service reliability by preventing fire hazards that could result from wet nests near energized power lines. A new pole and transformer were installed, ensuring power was redirected without disrupting service. The company has been proactive in enhancing avian protection efforts, utilizing drones and a mobile app for real-time reporting of avian issues.
Potomac Edison, a subsidiary of FirstEnergy (NYSE: FE), will host two teachers from Washington and Frederick counties in Maryland as part of the 2021 Teacher Externship Program. The externship, lasting four weeks from mid-July to early August, will allow teachers Bobby Burkhart and Steven Hensley to learn about Potomac Edison's operations, including service reliability and emerging technologies. This initiative aims to bridge the gap between educators and businesses, equipping teachers with insights to inform their students about career opportunities in the energy sector.
Penn Power, a FirstEnergy electric company, has completed proactive inspections and maintenance to enhance the electric system ahead of summer's extreme heat and severe weather. This year, FirstEnergy invested over $15 million in technology and equipment upgrades. Inspections covered nearly 750 miles of high voltage power lines, utilizing thermovision cameras to identify potential issues. The company also conducted readiness exercises to improve restoration processes for storm-related outages, ensuring reliability for over 160,000 customers in western Pennsylvania.
FirstEnergy Corp. (NYSE: FE) received the 'Emergency Recovery Award' from the Edison Electric Institute for restoring power to over 371,000 customers after severe winds in November 2020. The company's response involved well-developed storm restoration plans, facilitating rapid service restoration despite challenging conditions. Additionally, the award was presented during the EEI's online meeting on June 8, 2021, recognizing the efforts of crews who worked diligently during the pandemic and adverse weather events, including Tropical Storm Isaias and Hurricane Laura.
Jim Fakult, president of Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has been elected chairman of the New Jersey Chamber of Commerce.
Fakult, with 33 years at FirstEnergy, has led JCP&L since 2013. He aims to drive economic growth and recovery in New Jersey post-pandemic. Under his leadership, JCP&L has gained recognition for sustainability efforts, including being the only electric utility on the New Jersey Sustainable Business Registry.
FAQ
What is the current stock price of Firstenergy (FE)?
What is the market cap of Firstenergy (FE)?
