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.
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.
On June 9, 2021, FirstEnergy Corp. (NYSE:FE) shared energy-saving tips to help customers manage costs during high summer temperatures. With increasing demand for air conditioning, customers can reduce energy usage by setting thermostats higher, using fans, and operating HVAC systems efficiently. The company is proactively inspecting its infrastructure to handle increased electricity demands and prevent outages. Customers are encouraged to check their energy efficiency and consider rebates for ENERGY STAR appliances. More resources on energy savings and bill assistance are available on their website.
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.
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