FirstEnergy Corporation (FE) is scheduled to release first-quarter 2024 results on Apr 25, after market close. The company delivered an earnings surprise of 3.3% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderFirstEnergy’s first-quarter earnings are expected to have benefited from its ongoing “Energize365” initiative, which is focused on installing advanced equipment and technologies that will strengthen and moderni ...

Upgrades will benefit more than 8,000 Penelec customers ERIE, Pa., April 18, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business as Penelec, is installing automated reclosing devices and other equipment in substations serving more than 8,000 customers in Erie County. The work is designed to help prevent lengthy service interruptions, particularly during severe weather. Scott Wyman, President of FirstEnergy's Pennsylvania Operation ...

Extensive background in technology, customer focus and innovation will help company's continued transformation to premier utility AKRON, Ohio, April 16, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced John Combs has been named Senior Vice President, Shared Services, effective April 22. Reporting to President and Chief Executive Officer Brian Tierney, Combs will lead and oversee the company's IT organization – Cyber Security, Corporate Security and Information Technology, and Innovation & D ...

Agreement with key stakeholders expands customer deployment of smart meter technology AKRON, Ohio, April 15, 2024 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Ohio electric companies – Ohio Edison, The Illuminating Company and Toledo Edison – have reached a settlement on their Grid Modernization (Grid Mod) II plan that will expand the deployment of smart meters to an additional 1.4 million customers in Ohio. If approved by the Public Utilities Commission of Ohio (PUCO), the four-year, $421 million plan wi ...

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Work includes trimming along more than 3,400 miles of power lines HOLMDEL, N.J., April 10, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power & Light (JCP&L) is trimming trees along more than 3,400 miles of power lines across its 13-county service territory as part of its ongoing efforts to help enhance electric service reliability. This comprehensive vegetation management program is designed to help keep power flowing to customers by helping to reduce tree-related outages, su ...

AKRON, Ohio, April 3, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the first quarter of 2024 after markets close on Thursday, April 25. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 10 a.m. EDT on Friday, April 26. A question-and-answer session will follow.   Investors, customers and other interested parties are invited to listen to a live webcast of the call and view presentation slides via FirstEnergy's ...

Company Continues Efforts to Keep Costs Manageable for Customers   READING, Pa., April 2, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as Met-Ed, Penn Power, Penelec and West Penn Power, will request today a review of its base electric rates by the Pennsylvania Public Utility Commission (PUC). The proposed rate adjustment builds on service reliability enhancements made in recent years by upgrading additional distribution grid equipment, p ...

Mon Power & Potomac Edison invest $84.7 million to reinforce the power grid during storms FAIRMONT, W.Va., April 1, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiaries Mon Power and Potomac Edison are conducting tree trimming and other vegetation management work in communities across its West Virginia service area as part of its ongoing efforts to help enhance electric service reliability. This year's $84.7 million tree-trimming program will help keep power flowing to customers by helping to prev ...

FirstEnergy Corporation (FE) announced that its board of directors has approved a 6% increase in its quarterly dividend rate. The new dividend rate will be 42.5 cents per share compared with the previous quarter’s 41 cents, payable on Jun 1, 2024, to stockholders of record as of May 7, 2024.This increase resulted in an annualized dividend of $1.70 per share compared with the prior level of $1.60 in 2023. FirstEnergy’s current dividend yield is 4.29%, higher than the Zacks S&P 500 Composite's average of 1.31 ...