FirstEnergy (FE) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -6.59%. A quarter ago, it was expected that this utility company would post earnings of $0.56 per share when it actually produced earnings of $0.56, delivering no surprise. Over the last four quarters, the company has su ...

If approved by PUCO, companies would revert to a previous rate plan AKRON, Ohio, Oct. 29, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) Ohio electric companies – Ohio Edison, The Illuminating Company, and Toledo Edison – have filed a notice with the Public Utilities Commission of Ohio (PUCO) to withdraw their current Electric Security Plan (ESP) 5, which took effect on June 1. If approved by the PUCO, the companies would revert to their prior ESP4, which was in effect through May 31, 2024. Under the ESP ...

Reports third quarter 2024 GAAP earnings from continuing operations of $0.73 per share and operating (non-GAAP) earnings of $0.85 per share, within guidance range Narrows full-year 2024 operating (non-GAAP) earnings guidance to $2.61 to $2.71 per share Increases 2024 capital investment plan from $4.3 billion to $4.6 billion, an increase of approximately 7%, and 24% higher than 2023 Affirms targeted 6-8% long-term annual operating earnings growth AKRON, Ohio, Oct. 29, 2024 /PRNewswire/ -- FirstEnergy Corp. ( ...

AKRON, Ohio, Oct. 29, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that Karen McClendon has been named Senior Vice President and Chief Human Resources Officer (CHRO), effective Nov. 11.In this role, McClendon will spearhead efforts to integrate and advance the company's human capital strategy, ensuring alignment with the strategic vision to establish FirstEnergy as a premier electric company. She will oversee key human resources functions, including talent management, benefits and compe ...

New Penelec equipment to enhance electric service reliability for more than 1,000 customersERIE, Pa., Oct. 24, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business as Penelec in northwestern Pennsylvania, recently energized a new transformer at a substation in Bradford to enhance electric service reliability for more than 1,000 customers in Bradford and Bradford Township, including the University of Pittsburgh's Bradford campus.The ...

Nearly 4,900 West Penn Power Customers Will Benefit from the UpgradesGREENSBURG, Pa., Oct. 23, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as West Penn Power in western Pennsylvania, is upgrading its power system in Allegheny County to help prevent lengthy service interruptions, particularly during severe weather. The work includes installation of remote-controlled devices along neighborhood power lines serving nearly 4, ...

FirstEnergy line rebuild to benefit 1,300 customers and meet increased power demand READING, Pa., Oct. 22, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as Met-Ed in northeastern Pennsylvania, recently upgraded its distribution system in southeast Monroe County to help prevent service disruptions and accommodate ongoing residential and commercial growth. The work included rebuilding part of an existing power line with larg ...

The 20,000-square-foot facility is located within Ohio Edison's service area AKRON, Ohio, Oct. 21, 2024 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), recently completed construction on a new operations service center in North Jackson, Mahoning County, to help streamline operations and maximize efficiencies along the local highvoltage power system. American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), recently com ...

Mon Power and Potomac Edison complete 27-acre solar site in Rivesville FAIRMONT, W.Va., Oct. 18, 2024 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have completed their second utility-scale solar site in West Virginia, less than a year after energizing their first solar site at Fort Martin Power Station in Maidsville. Nearly 14,000 solar panels are now producing up to 5.5 megawatts of clean, renewable power at the Rivesville site in Marion County to help meet th ...

Many crews expected to transition from Helene aid in Carolinas and Georgia AKRON, Ohio, Oct. 9, 2024 /PRNewswire/ -- As Hurricane Milton bears down on the west coast of Florida, FirstEnergy Corp. (NYSE: FE) electric companies are sending more than 580 line workers and support personnel to assist Florida Power & Light and Duke Energy with anticipated power restoration efforts following the storm. Many of the crews previously involved in restoring power after Hurricane Helene in the Carolinas and Georgia will ...