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Surprise FirstEnergy Foundation "Gifts of the Season" Make Spirits Bright for Two Ohio Nonprofits
Prnewswire· 2025-12-16 18:07
Group 1 - The FirstEnergy Foundation is committed to addressing food and housing insecurity by awarding grants to organizations in Ohio that provide essential services such as food and shelter [1] - The "Gifts of the Season" program, celebrating its 10th year, has provided $1.2 million in grants since its inception in 2016, supporting local nonprofits and community initiatives [2] - The FirstEnergy Foundation has distributed over $5.5 million in community support across its operational area as of 2025 [3] Group 2 - The Rescue Mission of the Mahoning Valley received a $10,000 grant to support programs providing meals and shelter, having served over 130,000 meals and sheltered more than 1,000 people in the past year [7] - The Martin Luther King Kitchen for the Poor also received a $10,000 grant to combat hunger, serving over 200 people daily and distributing 36,500 meals and 3,000 food boxes in 2024 [7]
Surprise FirstEnergy Foundation "Gifts of the Season" Make Spirits Bright for Two Pennsylvania Nonprofits
Prnewswire· 2025-12-16 18:07
Core Insights - The FirstEnergy Foundation is committed to addressing food and housing insecurity by awarding grants to organizations in Pennsylvania that provide essential services [1][2] - The "Gifts of the Season" program, celebrating its 10th anniversary, has provided $1.2 million in grants since its inception in 2016, reflecting FirstEnergy's commitment to community support and inclusion [2] - The Foundation has distributed over $5.5 million in community support across its operational areas as of 2025 [3] Grant Details - Endless Mountain Mission Center received a $10,000 grant to provide meals, shelter, and resources to individuals and families in Troy, Pennsylvania, supporting 70 to 100 individuals annually [7] - Erie Center for Arts and Technology, Inc. (ECAT) also received a $10,000 grant to fund a student food pantry and expand workforce training programs, with a 100% job placement rate for construction trades graduates in 2024 [7]
Surprise FirstEnergy Foundation "Gifts of the Season" Grants Make Spirits Bright for West Virginia and Maryland Nonprofits
Prnewswire· 2025-12-16 15:30
Core Insights - FirstEnergy Foundation is awarding a total of $100,000 in "Gifts of the Season" grants to support eight nonprofit organizations across five states in 2025, with $40,000 specifically allocated to two organizations in West Virginia and Maryland [1][3] - The Foundation's grants aim to address critical needs such as food, shelter, and youth development, reflecting FirstEnergy's commitment to community support and inclusion [2][3] - Since its inception in 2016, the "Gifts of the Season" program has provided $1.2 million in grants, marking its 10th anniversary and ongoing adaptation to community needs [3][4] Grant Recipients - Ronald McDonald House Morgantown received a $20,000 grant to support approximately 42 families through the Jacob Johnson Family Lodging Fund, providing comfort to families of children receiving medical care [8] - Big Brothers Big Sisters of Washington County, Maryland, also received a $20,000 grant to fund additional learning opportunities for around 150 children, fostering positive relationships through mentorship [8] Foundation Overview - The FirstEnergy Foundation supports 501(c)(3) tax-exempt nonprofits that address critical community needs, having distributed over $5.5 million in community support in 2025 alone [4] - The Foundation does not accept unsolicited grant applications, focusing on targeted community involvement [5]
Surprise FirstEnergy Foundation "Gifts of the Season" Make Spirits Bright for Two New Jersey Nonprofits
Prnewswire· 2025-12-16 15:27
Group 1: Grants and Community Support - The FirstEnergy Foundation awarded a $10,000 grant to Our Lady of Victories Church St. Vincent De Paul Society Food Pantry to provide proteins and dairy products for 200 people monthly, with demand increasing to over 300 during holidays [1] - A $10,000 grant was also provided to The Burn Center at Cooperman Barnabas Medical Center to expand burn prevention education and fire safety programming, benefiting over 13,000 participants this year [2] - Since 2016, the "Gifts of the Season" program has provided $1.2 million in grants to local nonprofits, reflecting FirstEnergy's commitment to community support and inclusion [3] Group 2: Application and Distribution of Grants - The FirstEnergy Foundation supports 501(c)(3) tax-exempt nonprofits that address critical community needs, having distributed over $5.5 million in community support in 2025 [4] - The Foundation does not accept unsolicited grant applications, and interested parties can find more information on their webpage [5] Group 3: Company Overview - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving over six million customers across multiple states [6]
Electric Grid Upgrade Set to Strengthen Service and Speed Restoration in Monmouth County
Prnewswire· 2025-12-15 18:57
Core Insights - FirstEnergy Corp.'s JCP&L is constructing a new high-voltage power line to enhance electricity reliability for customers in Middletown Township and Red Bank Borough [1][3] - The project includes underground and overhead line upgrades, aimed at providing backup electricity sources and improving infrastructure resilience [2][5] - The initiative is part of a broader $28 billion investment plan, Energize365, to modernize the electric grid from 2025 to 2029 [7] Project Details - The new power line will span approximately half a mile underground and one mile of stronger overhead lines, with a new wooden pole added near the Red Bank substation [2] - Construction began in September 2025 and is expected to be completed by February 2026, pending final approvals [4][6] - The project will benefit nearly 11,400 JCP&L customers by improving service reliability and reducing outage times [4] Additional Investments - A total of $1.6 million is being invested in strengthening the electric system in Northern Monmouth County, alongside a $36 million project to upgrade aging insulators across 76 miles of lines [5] - Upgrading these components, some over 40 years old, aims to reduce the risk of outages and enhance system safety [5] Long-term Strategy - Energize365 represents FirstEnergy's commitment to creating a smarter and more secure electric grid to meet current and future customer needs [7] - The program focuses on improving grid reliability, capacity, and flexibility, while also reducing outage frequency and restoration times [9]
FirstEnergy: Making Good Progress While Putting Bribery Scandal Behind It (NYSE:FE)
Seeking Alpha· 2025-12-13 08:34
Core Insights - The article emphasizes the importance of a well-diversified investment portfolio, recommending a foundation based on a high-quality low-cost S&P 500 fund [1] - It suggests an overweight position in the technology sector for investors who can handle short-term risks, as it is believed to be in the early stages of a long-term bull market [1] - For dividend income, the article advises considering large oil and gas companies that offer strong dividend income and growth, reflecting the author's background in the industry [1] Investment Strategy - A top-down capital allocation approach is recommended, tailored to individual investor situations such as age, risk tolerance, income, and goals [1] - Suggested investment categories include S&P 500, technology, dividend income, sector ETFs, growth, speculative growth, gold, and cash [1]
FE or AEP: Which Is the Better Value Stock Right Now?
ZACKS· 2025-12-11 17:41
Core Viewpoint - The article compares FirstEnergy (FE) and American Electric Power (AEP) to determine which stock is more attractive to value investors [1] Group 1: Zacks Rank and Analyst Outlook - FirstEnergy has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision trend compared to American Electric Power, which has a Zacks Rank of 3 (Hold) [3] - The improving analyst outlook for FE suggests a stronger position for value investors [3] Group 2: Valuation Metrics - FirstEnergy has a forward P/E ratio of 17.48, while American Electric Power has a forward P/E of 19.32, indicating that FE may be undervalued relative to AEP [5] - The PEG ratio for FE is 2.71, compared to AEP's PEG ratio of 2.98, suggesting FE has a better balance of price to expected earnings growth [5] - FirstEnergy's P/B ratio is 1.81, while AEP's P/B ratio is 1.94, further supporting FE's valuation advantage [6] Group 3: Value Grades - Based on the valuation metrics, FirstEnergy earns a Value grade of B, while American Electric Power receives a Value grade of C, indicating that FE is currently the superior value option [6]
Is FirstEnergy Stock Underperforming the S&P 500?
Yahoo Finance· 2025-12-10 08:53
Core Viewpoint - FirstEnergy Corp. is a diversified energy company with a market cap of approximately $25.9 billion, operating primarily in the regulated electricity sector [1][2]. Company Overview - FirstEnergy generates, transmits, and distributes electricity across the United States, owning various power generation facilities including coal-fired, nuclear, hydroelectric, wind, and solar [1][2]. - The company operates through two main segments: Regulated Distribution and Regulated Transmission [1]. Stock Performance - FirstEnergy's stock reached a three-year high of $48.20 on October 23, currently trading 7.1% below that peak [3]. - Over the past three months, FE stock prices have increased by 3.3%, underperforming the S&P 500 Index, which gained 5% during the same period [3]. - Year-to-date, FE stock has gained 12.5%, while over the past 52 weeks, it has increased by 9.7%, compared to the S&P 500's 16.3% and 13% gains respectively [4]. Financial Results - In Q3, FirstEnergy reported a 2.9% year-over-year revenue increase to $464 million, exceeding expectations by 5.8% [5]. - The non-GAAP EPS surged 9.2% year-over-year to $0.83, surpassing consensus estimates by 9.2% [5]. - Despite better-than-expected results, the stock declined by 1.6% following the earnings release but maintained positive momentum in subsequent trading sessions [5]. Competitive Position - FirstEnergy has outperformed its peer, Public Service Enterprise Group Incorporated, which saw a 6.1% drop year-to-date and a 9.8% decline over the past 52 weeks [6]. - Among 16 analysts covering FirstEnergy, the consensus rating is a "Moderate Buy," with a mean price target of $50.33, indicating a 12.4% upside potential from current levels [6].
FirstEnergy increases 2026 capital investment plan
Reuters· 2025-12-09 13:29
Core Viewpoint - FirstEnergy has increased its investment plan to $6 billion for 2026, up from an estimated $5.5 billion for the current year, in response to rising electricity demand [1] Group 1: Investment Plans - The company is ramping up its spending to meet the growing electricity demand [1]
FirstEnergy Transmission, LLC Announces Launch of Exchange Offer For its 4.750% Senior Notes Due 2033
Prnewswire· 2025-12-05 12:34
Core Points - FirstEnergy Transmission, LLC announced an exchange offer for up to $450 million of its outstanding 4.750% Senior Notes due 2033 for an equal amount of registered New Notes [1] - The exchange offer will expire on January 7, 2026, at 5:00 p.m. New York City time, unless extended [2] - The exchange offer is made to fulfill obligations under a registration rights agreement and does not represent a new financing transaction [2] Exchange Offer Details - The terms of the exchange offer are outlined in a prospectus dated December 5, 2025, which is available from the exchange agent, U.S. Bank Trust Company [3] - The exchange offer is being conducted in accordance with the Securities Act of 1933 and has been filed with the Securities and Exchange Commission [3]