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. (FE) news coverage provides insight into one of the nation's largest regulated electric utilities, serving approximately six million customers across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. As a major transmission and distribution company operating over 24,000 miles of high-voltage lines, FirstEnergy generates news spanning regulatory proceedings, infrastructure investments, and quarterly financial performance.
Utility sector news for FirstEnergy typically centers on rate case decisions from state public utility commissions, grid reliability improvement projects, and transmission expansion initiatives. The company's participation in PJM Interconnection means developments in regional wholesale electricity markets can affect its transmission revenues and operational planning. Settlement agreements with regulatory bodies, like those involving the Public Utilities Commission of Ohio, represent significant events that shape the company's financial outlook.
FirstEnergy's dividend declarations and quarterly earnings announcements provide regular updates on the company's financial health and cash flow generation. Infrastructure investment news highlights grid modernization efforts, including projects to strengthen service reliability, reduce outage durations, and accommodate changing electricity demand patterns. Coverage of convertible note offerings and other capital market activities reveals how the company finances its substantial infrastructure programs.
Bookmark this page to follow FirstEnergy developments affecting shareholders, ratepayers, and energy market observers. News coverage includes earnings releases, regulatory filings, infrastructure announcements, and corporate developments relevant to understanding this major electric utility's operations and financial trajectory.
Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), has successfully converted over 2,300 high-pressure sodium streetlights to smart LED technology in downtown Erie. This upgrade will enhance energy efficiency and public safety, allowing for features like real-time monitoring of light statuses and adjustable brightness for specific areas. The initiative is part of Erie's Smart City Project aimed at attracting tech jobs and economic growth. The project commenced in November and concluded in June, benefiting approximately 585,000 Penelec customers across northern and central Pennsylvania.
FirstEnergy (NYSE: FE) issued a reminder urging the public to prioritize electrical safety during the summer and Fourth of July celebrations. The company highlighted the risks associated with foil balloons and fireworks, which have led to a 40% increase in balloon-related power outages in the past three months. To mitigate hazards, FirstEnergy provided safety tips such as securing helium balloons, avoiding fireworks near power lines, and keeping electrical devices away from water. The company is dedicated to ensuring safe electricity service across its six-state service area.
FirstEnergy Corp. (NYSE: FE) has announced the election of Lisa Winston Hicks and Paul Kaleta to its Board of Directors, expanding the board to 16 members. Hicks brings extensive legal and leadership experience from various sectors, while Kaleta has decades of expertise in the energy field. Both will serve on a new Special Litigation Committee focused on handling pending shareholder derivative litigation. This addition aims to strengthen governance and oversight as the company navigates ongoing regulatory challenges and seeks to enhance its operational integrity.
The Illuminating Company, a subsidiary of FirstEnergy Corp. (NYSE: FE), has welcomed 17 new graduates from its Power Systems Institute (PSI) program, aimed at training line and substation workers. This two-year program, in partnership with Cuyahoga Community College and Stark State College, has been operating for 20 years and has trained over 2,000 personnel. The new hires include 10 line workers and 7 substation electricians, enhancing the workforce focused on providing reliable electric service in Northeast Ohio.
FirstEnergy Corp. (NYSE: FE) subsidiary Met-Ed has welcomed 33 new employees from its Power Systems Institute (PSI), a program designed to prepare skilled line and substation workers. This cohort includes 24 line workers and 9 substation electricians, all graduates of a partnership with Reading Area Community College. The PSI program, operational for 20 years, emphasizes safe work practices and has produced over 2,000 trained personnel. Met-Ed serves about 570,000 customers across Pennsylvania, ensuring reliable electric service.
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.
FAQ
What is the current stock price of Firstenergy (FE)?
What is the market cap of Firstenergy (FE)?
