Firstenergy Corp Stock Price, News & Analysis

Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has expanded its workforce by hiring 18 graduates from its Power Systems Institute (PSI) program. This initiative aims to train future line and substation workers, with the latest hires comprising 16 line workers and two substation electricians in West Virginia. The PSI program, established in 2012, has successfully graduated over 2,000 personnel and emphasizes safe work practices and hands-on experience. Mon Power serves approximately 385,000 customers across 34 counties in West Virginia.

Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has welcomed 36 new graduates from its Power Systems Institute (PSI) training program. This initiative, which has been operational for 20 years, focuses on developing skilled line and substation workers. The new hires, comprising 23 line workers and 13 substation electricians, will enhance JCP&L's workforce serving 1.1 million customers in New Jersey. The PSI program has successfully trained over 2,000 personnel since its inception, contributing to the company's commitment to safety and reliability in electric service.

Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), has welcomed 28 new graduates from its Power Systems Institute (PSI), enhancing its workforce dedicated to providing reliable electric service. The program, established 20 years ago, trains line and substation workers through a rigorous curriculum, combining classroom education and hands-on experience. Over 2,000 graduates have been hired since its inception. The new hires include 22 line workers and six substation electricians, showcasing Penelec’s commitment to workforce development and safe work practices.

Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 15 graduates from its Power Systems Institute (PSI), aimed at training future line and substation workers. This includes 13 line workers and two substation electricians from Blue Ridge Community & Technical College. The PSI program, established in 2000, has produced over 2,000 graduates. James A. Sears, Jr., president of FirstEnergy's Maryland Operations, emphasized the program's role in creating a skilled, diverse workforce to ensure reliable service for their 270,000 customers in Maryland and 137,000 in West Virginia.

West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 30 graduates from its Power Systems Institute (PSI) program. This includes 22 line workers from Westmoreland County Community College and 8 substation electricians from Pennsylvania Highlands Community College. The PSI program, celebrating its 20th anniversary, has produced over 2,000 trained personnel since its inception. Graduates earn an associate degree and are equipped to enhance workforce diversity and safety in electric service provision, crucial for West Penn Power's operations serving approximately 725,000 customers in Pennsylvania.

FirstEnergy Corp. has completed extensive inspections and maintenance of its transmission system ahead of summer, ensuring reliability for its customers. This proactive approach encompasses approximately 24,000 miles of transmission lines, helicopter patrols for equipment checks, and assessments to prepare for peak summer electricity demand. The company has invested $70 million in vegetation management, trimming over 1,400 miles of high-voltage lines. Since launching its Energizing the Future initiative in 2014, outage durations have decreased by 32%, reflecting significant improvements in system reliability.

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.