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FirstEnergy Deploys Technology to Predict and Reduce Tree-Related Outages
Prnewswire· 2024-09-30 19:29
Company among the first in the industry to develop technology to prevent power outages caused by trees AKRON, Ohio, Sept. 30, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is among the first in the electric utility industry to deploy a new program that helps predict and reduce tree-related outages before they occur across the company's six-state service area. The company's vegetation management team engineered the AIdriven program to calculate where trees pose the most risk to the electric system, parti ...
FirstEnergy Electric Crews Mobilize to Assist with Anticipated Power Restoration Efforts in North Carolina and Georgia Following Hurricane Helene
Prnewswire· 2024-09-26 21:00
AKRON, Ohio, Sept. 26, 2024 /PRNewswire/ -- As part of its long-standing tradition of assisting other electric companies during large-scale power outages, FirstEnergy Corp. (NYSE: FE) electric companies have sent approximately 200 line workers and support personnel to assist Duke Energy Carolinas and Georgia Power with anticipated power restoration efforts following Hurricane Helene. Crews began leaving Wednesday morning for North Carolina and Georgia, with all expected to arrive by early Saturday. Hurrican ...
FirstEnergy Corp. Declares Unchanged Common Stock Dividend of $0.425 Per Share
Prnewswire· 2024-09-24 15:36
AKRON, Ohio, Sept. 24, 2024 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE: FE) today declared an unchanged quarterly dividend of $0.425 per share of outstanding common stock payable December 1, 2024, to shareholders of record at the close of business on November 7, 2024. 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 six million c ...
FirstEnergy Units Start Construction of Third Solar Facility in WV
ZACKS· 2024-09-24 13:02
FirstEnergy Corporation (FE) announced that its subsidiaries, Mon Power and Potomac Edison, have begun construction on the third utility-scale solar site in West Virginia to help meet the state's electricity needs and encourage further economic development. Key Details of FE's Project The Marlowe solar project is located along Interstate 81 and the Potomac River on a 36-acre property in Berkeley County. This was previously an ash disposal site for the former R. Paul Smith Power Station. FirstEnergy successf ...
Mon Power and Potomac Edison Break Ground on Third Solar Site
Prnewswire· 2024-09-23 16:39
Former ash landfill in Berkeley County to be repurposed for clean energy source FAIRMONT, W.Va., Sept. 23, 2024 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have begun construction on their third utility-scale solar site in West Virginia to help meet the state's electricity needs and further encourage economic development. Potomac Edison Logo (PRNewsfoto/FirstEnergy Corp.)Potomac Edison Logo (PRNewsfoto/FirstEnergy Corp.) The Marlowe solar project is located al ...
Northeast Ohio Balloon Festival Attendees Can Learn Important Electrical Safety Tips at Live Demo
Prnewswire· 2024-09-16 18:33
Ohio Edison will hold interactive demonstrations on how to stay safe around electricity AKRON, Ohio, Sept. 16, 2024 /PRNewswire/ -- Ohio Edison, a FirstEnergy Corp. (NYSE: FE) electric company, is bringing its live wire electrical safety trailer to the upcoming Balloon A-Fair in downtown Ravenna, Portage County, on Saturday, Sept. 21. Using the trailer's 7,200-kilovolt power lines, company employees will demonstrate the power of electricity, how to recognize dangerous conditions and, most important, how to ...
Settlement Reached in FirstEnergy Pennsylvania's Rate Review that Supports Enhanced Service Reliability and Customer Assistance Programs
Prnewswire· 2024-09-16 14:30
Comprehensive Agreement Designed to Keep Costs Manageable for Customers READING, Pa., Sept. 16, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as Met-Ed, Penn Power, Penelec and West Penn Power, has reached a settlement in its base rate review, subject to the approval of the Pennsylvania Public Utility Commission (PaPUC). The $225 million settlement expands bill assistance for low-income residential customers and enables th ...
FirstEnergy Agrees To $100 Million Bribery Case Settlement With SEC
Investopedia· 2024-09-13 14:31
Key Takeaways FirstEnergy said it has agreed to a $100 million settlement with the SEC to resolve charges from a bribery scandal. The Akron, Ohio-based utility was accused of paying some $60 million in bribes to state politicians for favorable legislation for FirstEnergy's nuclear plants. Several politicians, former FirstEnergy executives, regulators, and lobbyists have been charged or sentenced to prison for their roles in the largest bribery scheme in Ohio history. Ohio-based electricity provider FirstEne ...
Electric Vehicle Charging Incentives Available for Some N.J. Residents
Prnewswire· 2024-09-10 16:09
JCP&L incentives help offset costs of preparations for charger installation HOLMDEL, N.J., Sept. 10, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has relaunched its EV Driven residential electric vehicle charging incentives after maxing out customer participation in 2023. The incentives cover the cost of preparation work that customers are required to complete before an EV charger can be installed. JCP&L's EV Driven is a four-year program, approved ...
New Transformer Installed and Energized in Downtown Lebanon Substation
Prnewswire· 2024-09-05 18:00
New Met-Ed equipment to enhance electric service reliability for more than 7,000 customers READING, Pa., Sept. 5, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business as Met-Ed in southeastern Pennsylvania, recently energized a new transformer at its substation near Third and Willow streets in Lebanon to enhance electric service reliability for more than 7,000 customers in the city, North Lebanon Township and West Lebanon Township. ...