The Illuminating Company invests $19.7 million to reinforce the power grid during severe weather CLEVELAND, May 15, 2024 /PRNewswire/ -- The Illuminating Company, a FirstEnergy Corp. (NYSE: FE) subsidiary, is conducting tree trimming and other vegetation management work in communities across its northeast Ohio service area as part of its ongoing efforts to help enhance electric service reliability. This year's $19.7 million tree-trimming program will help keep power flowing to customers by helping to preven ...

Potomac Edison invests $14.7 million to reinforce the power grid during severe weather WILLIAMSPORT, Md., May 14, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Potomac Edison is conducting tree trimming and other vegetation management work in communities across its Maryland service area as part of its ongoing efforts to help enhance electric service reliability. This year's $14.7 million tree-trimming program will help keep power flowing to customers by helping to prevent tree-related outages ...

Switch to LEDs estimated to save city nearly $77,000 in electricity costs each year Significant improvements in visibility and security after LED streetlights were installed have been observed in communities within Toledo Edison's service area, such as the city of Toledo and Perrysburg, as well as in other areas in FirstEnergy's footprint. According to data from the city of Toledo, when LED lights were installed in the Old South End section of the city in 2017, violent crimes went down by 37% the following ...

Technology helps identify trees or vegetation that could impact high-voltage power lines AKRON, Ohio, May 10, 2024 /PRNewswire/ -- To keep power flowing safely and reliably, FirstEnergy Corp. (NYSE: FE) is conducting proactive aerial inspections of nearly 7,000 miles of transmission lines in its service territory using helicopters equipped with infrared technology. This work helps ensure that high-voltage power lines and equipment remain clear of trees and vegetation. The aerial vegetation management inspec ...

New substation equipment and line upgrades to benefit 23,000 Toledo Edison customers AKRON, Ohio, May 9, 2024 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), has started construction to upgrade a 138-kilovolt substation in Lucas County's Springfield Township and reconfigure connecting high-voltage power lines. The combined work will enhance reliability for nearly 23,000 customers of Toledo Edison in the area. ATSI will expand the substation on compan ...

Project would enhance reliability for more than 3,000 customers in four counties FAIRMONT, W.Va., May 2, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Mon Power has been selected by the Department of Energy to begin award negotiations for up to $5 million in federal funding for a project that will boost electric reliability for customers in parts of rural West Virginia. The funding is part of the Energy Improvements in Rural or Remote Areas (ERA) program established by the Bipartisan Infrastr ...

FirstEnergy Corp. (NYSE:FE) Q1 2024 Results Conference Call April 26, 2024 10:00 AM ET Company Participants Irene Prezelj - VP, IR and Communications Brian Tierney - President and CEO Jon Taylor - SVP and CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Michael Sullivan - Wolfe Research Jeremy Tonet - JPMorgan Carly Davenport - Goldman Sachs David Arcaro - Morgan Stanley Gregg Orrill - UBS Anthony Crowdell - Mizuho Paul Patterson - Glenrock Associates Angie Storozynski - Seaport Global O ...

Trees donated by FirstEnergy will be planted by company's employee volunteers AKRON, Ohio, April 26, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is all set to celebrate Arbor Day today by donating nearly 500 trees to two locations in Mahoning County – Mill Creek MetroParks and Beaver Township Nature Preserve. Dozens of employee volunteers from FirstEnergy and Ohio Edison will plant 300 hardwood trees on the Mill Creek MetroParks' 402-acre farm in Canfield, while another group of company volunteers wil ...

FirstEnergy (FE) reported first-quarter 2024 operating earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate of 53 cents by 3.8%. However, the bottom line decreased 8.3% from the year-ago quarter’s figure of 60 cents.Total RevenuesOperating revenues of $3.29 billion missed the Zacks Consensus Estimate of $3.36 billion by 2.04%. The top line, however, increased 1.8% from $3.23 billion recorded in the year-ago quarter. Segmental PerformanceDistribution: Earnings from this segment totale ...

FirstEnergy (FE) reported $3.29 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.7%. EPS of $0.55 for the same period compares to $0.60 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.36 billion, representing a surprise of -2.04%. The company delivered an EPS surprise of +3.77%, with the consensus EPS estimate being $0.53.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...