FirstEnergy Corporation's (FE) continuous capital investments to maintain and increase resiliency enhance its performance. The modernization of the grid will help withstand severe weather conditions and ensure a constant supply of electricity even during challenging conditions. The company currently carries a Zacks Rank #2 (Buy). Let's look at the factors that are driving the stock. Growth Projections The Zacks Consensus Estimate for FE's 2024 and 2025 earnings has increased 0.75% and 0.35%, respectively, i ...

$78 million flood mitigation project will enhance service reliability for 23,000 customers MORRISTOWN, N.J., July 2, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power & Light (JCP&L) is upgrading a transmission substation in Morristown to help prevent or minimize the impact of power outages caused by flooding, particularly during hurricane season. The $78 million project will raise equipment within the facility to keep it above floodwaters, enhancing service reliability for 2 ...

ERIE, Pa., July 2, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business in northern and central Pennsylvania as Penelec, recently completed an emergency preparation drill focused on testing its storm restoration process in the event severe weather causes outages throughout its vast and heavily forested service area. Editor's Note: A photo of FirstEnergy employees conducting a storm drill is available for download on Flickr. SOURC ...

Investors, customers and other interested parties are invited to listen to a live webcast of the call and view presentation slides via FirstEnergy's Investor Information website, www.firstenergycorp.com/ir. The webcast and presentation will be available for replay on the site for up to one year. FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than 6 millio ...

Companies offer tips for customers to manage rising temperatures and energy costs FAIRMONT, W.Va., June 26, 2024 /PRNewswire/ -- In anticipation of increased electric use along with the potential for seasonal storms, FirstEnergy Corp. (NYSE: FE) subsidiaries Mon Power and Potomac Edison are completing equipment inspections, preventive maintenance and tree-trimming work across their West Virginia service territories to help reduce potential outages and improve reliability for customers this summer. Potomac E ...

Company offers tips for customers to manage rising temperatures and energy costs WILLIAMSPORT, Md., June 26, 2024 /PRNewswire/ -- In anticipation of increased electric use along with the potential for seasonal storms, FirstEnergy Corp. (NYSE: FE) subsidiary Potomac Edison is completing equipment inspections, preventive maintenance and tree-trimming work across its Maryland service territory to help reduce potential outages and improve reliability for customers this summer. Don McGettigan, FirstEnergy's Acti ...

FirstEnergy's efforts to promote diversity and mental wellbeing highlighted AKRON, Ohio, June 26, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has been named to three America's Greatest Workplaces lists by Newsweek and data research firm Plant-A Insights, including America's Greatest Workplaces for Diversity 2024, the inaugural America's Greatest Workplaces for Mental Wellbeing 2024 and their flagship America's Greatest Workplaces 2024. Interviews with HR professionals, an anonymous online survey and a ...

Company offers tips for customers to manage rising temperatures and energy costs AKRON, Ohio, June 25, 2024 /PRNewswire/ -- With the hot summer months likely to produce higher electric usage and potentially severe weather, FirstEnergy Corp.'s (NYSE: FE) Ohio subsidiaries – Ohio Edison, The Illuminating Company and Toledo Edison – recently completed inspections and conducted equipment maintenance expected to enhance service reliability for customers. The work builds upon vast tree-trimming work and equipment ...

FirstEnergy Corporation (FE) and its transmission subsidiaries completed the necessary inspection and maintenance of its transmission system. The idea was to ensure that FE's transmission lines could operate efficiently during the summer, and potentially severe weather and hurricanes that come with the season. Need for Investments & Maintenance This spring, helicopter patrols inspected almost 6,170 miles of high-voltage power lines, in addition to routine visual inspections conducted from the ground. The pu ...

GREENSBURG, Pa., June 24, 2024 /PRNewswire/ -- With the hot, humid summer months expected to produce higher electric usage and potentially severe weather, FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business in western and central Pennsylvania as West Penn Power, is completing inspections and conducting proactive equipment maintenance across its service area to help enhance service reliability for customers. In addition, helicopter patrols have compl ...