Firstenergy Corp Stock Price, News & Analysis

The Pennsylvania Electric Company (Penelec), a subsidiary of FirstEnergy Corp. (NYSE: FE), is set to install around 2,000 automated "TripSaver" reclosing devices over the next five years to enhance service reliability. The initiative, part of a $200 million Long Term Infrastructure Improvement Plan, aims to reduce service interruptions for Penelec's 585,000 customers. Approximately 400 TripSavers will be installed in 2020, costing about $3.5 million. This technology helps to quickly restore power during outages, improving efficiency and safety for both customers and employees.

FirstEnergy Corp's Potomac Edison encourages customers facing financial challenges to enroll in payment plans and bill assistance programs. Due to the pandemic, disconnections for nonpayment are momentarily suspended, allowing customers to manage their balances better. Assistance programs include the Community Energy Fund, Maryland Energy Assistance Program, and Utility Service Protection Program, aimed at helping low-income customers with overdue bills. Potomac Edison serves 270,000 customers in Maryland and 137,000 in West Virginia, dedicating resources to assist both residential and commercial clients.

FirstEnergy Corp (NYSE: FE) urges its Ohio customers facing financial difficulties to enroll in available payment plans and bill assistance programs amid the ongoing pandemic. While disconnections for nonpayment are temporarily halted, establishing a manageable payment arrangement is essential. Programs available include the Percentage of Income Payment Plan, Ohio Fuel Fund, Home Energy Assistance Program, and Emergency Hardship Funds. Customers can contact their respective utility companies for assistance and program details, ensuring they do not face overwhelming bills once shutoff protections are lifted.

On August 17, 2020, Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp (NYSE: FE), urged customers facing financial difficulties to enroll in payment plans and bill assistance programs amid the pandemic. Temporary shut-off suspensions highlight the importance of manageable payment arrangements to prevent overwhelming future bills. Assistance options include the Universal Service Fund Programs, Low Income Energy Assistance Program, Lifeline, and others, designed to aid low- to moderate-income customers. JCP&L serves 1.1 million customers across New Jersey.

FirstEnergy Corp. informs Mon Power and Potomac Edison customers in West Virginia about available payment plans and bill assistance programs to manage their utility costs during the pandemic. With shutoffs paused, customers should reach out for arrangements to address overdue balances. Available programs include the Dollar Energy Fund, the West Virginia Emergency Assistance Program, and a 20 Percent Discount Program. Customer service teams are ready to assist residential and business clients with these options.

FirstEnergy Corp's Pennsylvania electric utilities are urging residential and business customers facing financial hardships due to the pandemic to enroll in payment plans and bill assistance programs. While shutoffs for nonpayment are suspended, establishing affordable arrangements is crucial for managing overdue balances. Assistance programs include the Dollar Energy Fund offering up to $500, the Pennsylvania Customer Assistance Program, and LIHEAP grants of up to $800, available until August 31. Customers can contact their utilities for more information and support.

FirstEnergy Corp. (NYSE: FE) has made significant progress in restoring power to customers affected by Tropical Storm Isaias. Over 785,200 out of 788,000 customers have had their service restored, with expectations for full restoration by midnight. Utility crews have repaired extensive damage, replacing over 53 miles of wire and more than 550 poles. Approximately 2,800 customers remain without power, requiring individualized restoration efforts due to localized issues. The utility has emphasized health safety protocols as crews work around the clock.

FirstEnergy Corp. (NYSE: FE) continues to restore power for Jersey Central Power & Light (JCP&L) customers impacted by Tropical Storm Isaias. Over 769,500 of the 788,000 customers affected have had their power restored, with around 18,500 still without service. More than 9,000 utility personnel are working diligently, having replaced over 200,000 feet of wire and repaired more than 500 poles. Restoration efforts are expected to be completed for most remaining customers by late August 10 and August 11. Customers can report outages via phone or online tools.

FirstEnergy Corp. (NYSE: FE) is actively restoring power for Jersey Central Power & Light (JCP&L) customers affected by Tropical Storm Isaias. Approximately 566,000 customers have had their service restored, with about 221,000 still without power. As of now, 85% of those affected are expected to have power restored by the end of the day. Efforts include the replacement of over 68,000 feet of wire and hundreds of poles. FirstEnergy continues to work closely with utility partners to expedite restoration efforts.