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.
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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.
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