Firstenergy Corp Stock Price, News & Analysis

FirstEnergy Corp. (NYSE: FE) subsidiary Metropolitan Edison Company (Met-Ed) plans to install over 160 automated "TripSaver" reclosing devices across its service area in 2020. This $1.4 million initiative is part of a larger $153 million infrastructure improvement plan aimed at enhancing service reliability for approximately 570,000 customers. The TripSavers automatically restore power within seconds during temporary outages and isolate more serious issues, limiting customer disruption. Installation locations include Boyertown, Easton, and York, enhancing efficiency and safety for service restoration.

On October 24, 2020, Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), participated in Clean Ocean Action's fall Beach Sweeps at Belmar's 16th Avenue Beach. This marks JCP&L's fourth consecutive year supporting the cleanup initiative, demonstrating their commitment to environmental sustainability in New Jersey. The company is recognized on the New Jersey Sustainable Business Registry, serving 1.1 million customers across various counties. The annual Beach Sweeps, now in its 35th year, has seen over 144,000 volunteers removing millions of debris from local beaches.

Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has donated $65,000 to 13 local police chiefs associations in New Jersey. The funds will support emergency response training and equipment purchases following major storms. This initiative aims to enhance safety around downed power lines. The donation highlights the crucial role of police in managing public safety during storm-related power outages, as seen during Tropical Storm Isaias, where over 8,000 line workers restored power with police assistance.

FirstEnergy Corp. (NYSE: FE) will announce its financial results for Q3 and the first nine months of 2020 on November 2, prior to market opening. The management will host a conference call at 1 p.m. EST on the same day to discuss these results, followed by a Q&A session. Interested parties can access the live webcast and presentation on the Investor Information website, which will remain available for replay for up to one year. The presentation materials will be posted before the call on the same date.

Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed electric line enhancements in Morgantown, WV, reducing outages for over 400 customers. Additionally, a new project in Fairmont will benefit 900 customers by providing alternative power sources during outages. Each project costs $250,000 and aims to improve reliability and operational flexibility. Mon Power serves approximately 385,000 customers across 34 West Virginia counties, showcasing a commitment to enhancing service amidst future economic growth.

A newly operational substation in Warren Township played a crucial role in maintaining power for JCP&L customers during Tropical Storm Isaias. The Martinsville Substation, activated in June 2020, significantly reduced power outages caused by falling trees, protecting about 9,200 customers. This infrastructure enhances the electric system's reliability and allows for quicker power restoration. Part of FirstEnergy's 'Energizing the Future' initiative, the substation was built to improve service across northern New Jersey, impacting nearly 1.1 million customers.

FirstEnergy Corp. (NYSE: FE) is donating school supplies to nearly 11,400 students in Akron, Ohio, supporting kindergarten through sixth-grade kids. The drive-through event takes place on October 4, 2020, at North and Kenmore-Garfield High Schools, where backpacks filled with essential items will be distributed. These supplies, sourced from diverse suppliers, aim to assist students affected by the cancellation of the annual 'Stuff the Bus' program due to the coronavirus pandemic. FirstEnergy's initiative reflects its commitment to community support during challenging times.