Grid upgrades will also relocate lines away from hard-to-access railroad tracksHOLMDEL, N.J., Nov. 13, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is relocating and upgrading power lines in portions of Bernardsville, Somerset County, to enhance electric service for customers in Bernardsville and nearby towns. The $1.75 million project is expected to be completed later this month.The project involves moving a section of power line extending from JC ...

Honor from national military support organization recognizes workplace and supplier diversity opportunities for veterans and their familiesAKRON, Ohio, Nov. 12, 2024 /PRNewswire/ -- For the ninth time in the past 10 years, FirstEnergy Corp. (NYSE: FE) has been designated a Military Friendly® Company by Military Friendly, a national organization supporting the U.S. military and its veterans. The recognition is one of four awards FirstEnergy earned this year from Military Friendly, which were announced on Vet ...

Sagot brings two decades of finance and utility experience; Davies brings three decades of experience driving operational excellence and enterprise transformationAKRON, Ohio, Nov. 8, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that Karen Sagot has been named Vice President, Investor Relations, effective Nov. 10, and Sean Davies has been named Vice President, Continuous Improvement, effective Nov. 18.As Vice President of Investor Relations, Sagot will lead and execute FirstEnergy's inve ...

New and expanded programs designed to meet increased energy savings targetsHOLMDEL, N.J., Oct. 31, 2024 /PRNewswire/ -- Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has obtained approval from the New Jersey Board of Public Utilities (BPU) to expand its energy efficiency programs. The two-and-a-half-year program is designed to achieve electricity savings and other objectives of the N.J. Clean Energy Act of 2018 and the N.J. Energy Master Plan.Doug Mokoid, FirstEnergy' ...

FirstEnergy (FE) reported third-quarter 2024 operating earnings of 85 cents per share, which lagged the Zacks Consensus Estimate of 95 cents by 6.6%. The bottom line decreased 3.4% from the year-ago figure of 88 cents. The year-over-year decline in earnings was due to significantly higher storm restoration costs in the third quarter and lower distribution revenues in Ohio as a result of the Electric Security Plan V order, partially offset by lower operating expenses. On a GAAP basis, the third-quarter earni ...

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. ( ...

Core Insights - FirstEnergy Corp. has appointed Karen McClendon as Senior Vice President and Chief Human Resources Officer, effective November 11, 2024 [1][2] Group 1: Leadership and Role - McClendon will lead the integration and advancement of the company's human capital strategy, aligning it with FirstEnergy's strategic vision to become a premier electric company [2] - She will oversee key HR functions such as talent management, benefits and compensation, labor relations, and fostering an inclusive workforce [2][4] Group 2: Experience and Background - McClendon brings over 30 years of human resources experience, with a strong track record in culture transformation and inclusive workforce advocacy [3][4] - Prior to joining FirstEnergy, she served as CHRO at Paychex, where she improved employee experience and transformed HR functions through technology [4][5] Group 3: Education and Community Involvement - McClendon holds a Bachelor of Science in business administration from Old Dominion University and an MBA from Temple University [6] - She is actively involved in the community, having served on various boards and received multiple awards for her contributions to employee training and distinction [6] Group 4: Company Overview - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving over 6 million customers across several states [7] - The company’s transmission subsidiaries manage over 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions [7]

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 ...