Firstenergy Corp Stock Price, News & Analysis

FirstEnergy Corp. subsidiary, Jersey Central Power & Light (JCP&L), is implementing a major tree trimming initiative across 4,900 miles of power lines in New Jersey. This annual vegetation management program includes a $57 million investment, with 900 miles designated for enhanced management to combat severe weather impacts. So far, 1,800 circuit miles have been completed, and 3,100 more are expected by year-end. The program has contributed to a 25% reduction in tree-related outages over the last decade.

Metropolitan Edison Company (Met-Ed), a subsidiary of FirstEnergy Corp. (NYSE: FE), is advancing its tree trimming initiatives to enhance electric service reliability in Pennsylvania. In 2020, Met-Ed allocated over $28 million for vegetation management, trimming about 1,300 miles of power lines so far, with an additional 1,800 miles planned by year-end. The budget has increased by $4 million to target hazardous trees. Met-Ed serves roughly 570,000 customers across 3,300 square miles, collaborating with certified forestry experts to ensure safety and health in vegetation management.

Ohio Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is initiating tree trimming and vegetation management across its 34-county service area in Ohio. This $22.5 million program aims to enhance service reliability by maintaining clearances around electrical equipment, reducing power outages, especially during adverse weather. Since early 2020, contractors have been working on nearly 5,000 circuit miles of electric lines, with completion expected by year-end. The program is crucial as it supports the increased demand for stable power during the COVID-19 health crisis.

Mon Power, a subsidiary of FirstEnergy Corp (NYSE: FE), is enhancing service reliability through ongoing tree trimming across West Virginia. As part of a $68 million vegetation management program, the company has trimmed over 2,900 miles of power lines and plans to complete an additional 2,700 miles by year-end. The program includes removing over 25,000 ash trees affected by the Emerald Ash Borer, with nearly 10,000 already removed. Mon Power prioritizes safety and efficient power service for its 385,000 customers across 34 counties.

Pennsylvania Electric Company (Penelec), a subsidiary of FirstEnergy Corp. (NYSE: FE), is advancing its tree trimming initiatives to improve electric service reliability. The 2020 vegetation management program is budgeted at $37.4 million, with plans to trim over 4,300 miles of power lines. This program includes removing dead ash trees due to the Emerald Ash Borer. As of now, contractors have addressed 2,000 miles of lines, aiming for completion by year-end. The effort has reportedly reduced tree-related outages, contributing positively to customer service.