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. (NYSE: FE) is a utility holding company whose electric distribution companies serve more than six million customers across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. Its transmission subsidiaries operate approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions. The news surrounding FirstEnergy reflects its role in nuclear electric power generation, electric distribution and transmission within the utilities sector.
This news page brings together company-issued updates and other coverage related to FE. Readers can find announcements about quarterly and annual financial results, earnings teleconferences and investor presentations, often referenced in Form 8-K filings and news releases. These items provide insight into how management views performance, uses GAAP and non-GAAP measures and communicates core earnings guidance and strategic priorities.
Because FirstEnergy operates regulated utilities, a significant portion of its news flow centers on regulatory developments and settlements. Examples include Public Utilities Commission of Ohio (PUCO) proceedings and comprehensive settlement agreements that address riders, audits and customer restitution and refunds for Ohio Edison, The Illuminating Company and Toledo Edison customers. Such updates can be important for understanding potential impacts on rates, customer bills and regulatory relationships.
Operational and infrastructure news is another key theme. FirstEnergy and its subsidiaries, including entities like Mid-Atlantic Interstate Transmission and Jersey Central Power & Light, issue releases on grid modernization projects, high-voltage line rebuilds, substation upgrades and other investments intended to enhance reliability and support growth in local communities.
In addition, the FirstEnergy Foundation regularly announces “Gifts of the Season” and other grants to nonprofits in the company’s service territories, highlighting community and philanthropic initiatives. Investors, customers and observers can use this news page to follow developments across financial, regulatory, operational and community dimensions of FirstEnergy’s business.
Metropolitan Edison (Met-Ed), a subsidiary of FirstEnergy Corp (NYSE: FE), is proactively conducting inspections and maintenance on essential equipment ahead of the winter season in Pennsylvania. This initiative is aimed at enhancing system resiliency and service reliability for approximately 570,000 customers. Key actions include inspecting substation components, ensuring winter readiness of vehicles, and completing aerial inspections of 1,400 miles of transmission lines. The emphasis on employee safety and the importance of preventing service interruptions are highlighted throughout the maintenance activities.
FirstEnergy Corp.'s subsidiary, Penelec, is enhancing system resiliency and service reliability across its 31-county service area in Pennsylvania by completing winter inspections and maintenance on weather-sensitive equipment. With the potential for increased electricity demand due to frigid temperatures and inclement weather, Penelec is ensuring safety and reliability. This includes checking heaters, inspecting substation components, and conducting helicopter patrols of transmission lines. Penelec serves approximately 585,000 customers within 17,600 square miles in northern and central Pennsylvania.
Toledo Edison, a subsidiary of FirstEnergy Corp (NYSE: FE), is undertaking inspections and maintenance of its weather-sensitive equipment to ensure reliable power delivery during the winter months. With an increased demand for electricity expected due to cold weather, the company is proactively checking substation components, inspecting vehicles for safe winter operations, and utilizing helicopter patrols for line inspections. This initiative is vital for enhancing service reliability for over 300,000 customers in northwest Ohio.
Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is undertaking inspections and maintenance of weather-sensitive equipment to prepare for the winter season. These actions aim to enhance system resiliency and service reliability for JCP&L's 1.1 million customers in New Jersey. The maintenance includes inspecting substations, vehicles, and trimming trees along 2,950 circuit miles. Additionally, safety protocols are being reviewed for field employees to ensure safe operations during winter.
FirstEnergy Corp.'s subsidiary Mon Power is preparing for winter in West Virginia by conducting extensive inspections and maintenance to enhance system reliability. This initiative aims to prevent service interruptions during high-demand periods caused by snow, ice, and wind. Key activities include inspecting substations, winterizing control buildings, and preparing fleet vehicles. Mon Power serves approximately 385,000 customers in 34 counties, ensuring power reliability through proactive measures, including tree trimming and aerial inspections of 2,100 miles of transmission lines.
Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed the installation of new interior fencing in three substations to prevent climbing animals from causing power outages. This initiative follows a successful installation last year that eliminated such outages in two Mercer County substations. The latest installations are part of the Long Term Infrastructure Improvement Plan II, approved by the Pennsylvania Public Utility Commission. The fencing protects equipment and enhances service reliability for nearly 15,000 customers in western Pennsylvania.
Potomac Edison, a subsidiary of FirstEnergy (NYSE: FE), is enhancing winter preparedness in Maryland and West Virginia by conducting inspections and maintenance on its power infrastructure. The company is focusing on substation components, fleet vehicles, and tree trimming to ensure service reliability during high-demand winter months. Approximately 1,400 miles of transmission lines are being inspected, and over 2,600 circuit miles of tree trimming is expected to be completed this year. These proactive measures aim to prevent service interruptions and maintain customer satisfaction.
West Penn Power, a subsidiary of FirstEnergy (NYSE: FE), is enhancing its system resiliency and service reliability by inspecting and maintaining weather-sensitive equipment ahead of winter in Pennsylvania. To counter increased electricity demand during colder months, the company is focusing on inspections of substations, heaters, and tree trimming, having already trimmed approximately 4,000 circuit miles this year. With a commitment to employee and public safety, West Penn Power is preparing its crews for adverse winter conditions and potential operational challenges.
Summary not available.
The Illuminating Company, a subsidiary of FirstEnergy Corp. (NYSE: FE), is enhancing service reliability ahead of the winter months through extensive inspections and maintenance. This includes helicopter patrols of nearly 2,500 miles of transmission lines and tree trimming along 1,600 circuit miles, with an additional 300 miles expected by December's end. Proactive equipment checks using thermovision cameras aim to identify potential issues. The company serves over 750,000 customers in Ohio and is committed to ensuring reliable power during increased winter demand.
FAQ
What is the current stock price of Firstenergy (FE)?
What is the market cap of Firstenergy (FE)?
