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.
Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed inspections and maintenance projects across its service area to enhance reliability ahead of the summer and hurricane season. JCP&L utilized helicopters and ground teams to inspect over 780 miles of transmission lines, addressing potential issues. The company invested $97 million in automation and infrastructure improvements. Additionally, JCP&L's certified meteorologists are strategically staging equipment and resources to mitigate storm impacts.
Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has resumed indoor electric meter reading after a suspension since March 2020 due to the pandemic. This resumption may lead to higher bills for customers, as bills during the suspension were estimated based on prior usage. Actual meter reading will reflect uncharged electricity usage from previous months. JCP&L emphasizes customer service support for those experiencing higher bills. The company serves 1.1 million customers across various New Jersey counties.
Potomac Edison, a subsidiary of FirstEnergy (NYSE: FE), is employing a helicopter with an aerial saw for tree trimming along six high-voltage transmission lines across Maryland, West Virginia, and Virginia. This initiative began on May 20, 2021, and will continue until mid-July. The program aims to maintain electrical clearances, reducing tree-related power outages, particularly during severe weather. This year, Potomac Edison plans to clear approximately 1,670 miles of lines in Maryland and 1,550 miles in West Virginia as part of a $38 million vegetation management initiative.
On May 21, 2021, Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy (NYSE: FE), completed its annual storm restoration exercise in preparation for hurricane season. For the first time, the training was conducted virtually due to COVID-19 safety protocols. The drill involved various employee groups and emphasized power restoration during severe weather. Enhancements made from past storms include improved communication and restoration processes. JCP&L serves 1.1 million customers across New Jersey, ensuring emergency preparedness and service reliability.
West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), conducted its annual emergency drill to test storm restoration processes amidst potential severe weather. The virtual drill aimed to prepare employees for storm management, simulating a powerful storm with tornadoes affecting its service area in Pennsylvania. The exercise identified areas for improvement in business continuity and employee communication during emergencies. Serving approximately 734,000 customers, West Penn Power emphasizes reliability and operational excellence.
FirstEnergy Corp. (NYSE: FE) CEO Steven E. Strah outlined the company's transformation initiatives at the 2021 Annual Meeting, emphasizing strong financial performance and a commitment to enhancing energy infrastructure. The FE Forward initiative aims to automate processes and modernize experiences, targeting over 300 opportunities for improvement. FirstEnergy also aspires to increase employee diversity by 30% by 2025 and achieve carbon neutrality by 2050. Shareholders re-elected 13 directors and approved the appointment of PricewaterhouseCoopers LLP as the public accounting firm.