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Grid Upgrades Aim to Reduce Outages, Speed Power Restoration for Westmoreland County Customers
Prnewswire· 2025-12-01 20:30
Accessibility StatementSkip Navigation Continue Reading Crews string new larger-diameter wire capable of transporting more electricity on a power line serving thousands of West Penn Power customers in Westmoreland. Smarter Grid, Stronger ServiceCrews are upgrading two local power lines – one on 7 Street Road between Lower Burrell and New Kensington and another near Drey Street in Arnold – by installing over a mile of stronger, bigger wire. The new lines will be able to handle more electricity and stand up b ...
FirstEnergy Foundation Helps Power the Future with $10,000 Grant to York College
Prnewswire· 2025-12-01 18:48
Accessibility StatementSkip Navigation YORK, Pa., Dec. 1, 2025 /PRNewswire/ -- The FirstEnergy Foundation is helping York College of Pennsylvania power up the next generation of electrical engineers with a $10,000 grant. The funding will strengthen the college's Electrical Engineering program in the Kinsley School of Engineering, Sciences and Technology, giving students hands-on experience with the same cutting-edge technology that keeps our communities running every day. Continue Reading The FirstEnergy Fo ...
Need Help with Your Electric Bill? JCP&L Makes it Easy to Apply for the Universal Service Fund
Prnewswire· 2025-12-01 15:13
Core Points - Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp., is hosting a free utility assistance event on December 4, 2025, to support households facing financial challenges [1][5] - The Energy Assistance Outreach Team (EAOT) will assist eligible customers in applying for the Universal Service Fund (USF), which aims to lower monthly electric bills for low- to moderate-income households [2][3] - The USF program provides monthly credits to eligible customers and may offer a one-time account balance elimination through the USF Fresh Start Program [3] Event Details - The assistance event will take place from 10 a.m. to 4 p.m. at the Country Lakes Firehouse in Browns Mills, NJ [5] - EAOT team members will be available to help customers with USF applications and provide information on additional bill assistance programs [5][6] Eligibility Criteria - To qualify for USF, a household must have a gross income at or below 60% of the state median income level and pay more than 2% or 4% of its annual income on electricity, depending on whether it uses electric heat [6] Community Partnerships - Various community partners will be present at the event to provide support and answer questions regarding assistance programs [6][7] Company Overview - JCP&L serves approximately 1.1 million customers across multiple counties in New Jersey [8] - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., with a transmission network of about 24,000 miles [8]
Here's Why You Should Include FirstEnergy Stock in Your Portfolio Now
ZACKS· 2025-11-27 14:56
Core Insights - FirstEnergy Corp. (FE) is positioned as a strong investment opportunity within the Zacks Utility Electric Power industry due to its extensive transmission and distribution operations and ongoing investments aimed at enhancing grid reliability and service efficiency [2] Growth Outlook & Financial Performance - The Zacks Consensus Estimate for FE's 2025 earnings per share (EPS) has increased by 0.4% to $2.54 over the past 30 days [3] - The revenue estimate for FE in 2025 is projected at $14.4 billion, reflecting a growth of 6.9% compared to the reported figure for 2024 [3] - FE's long-term earnings growth rate is estimated at 6.46%, with an average earnings surprise of 5.15% over the last four quarters [3] Return on Equity - FE's return on equity (ROE) stands at 11.15%, surpassing the industry average of 9.64%, indicating more effective utilization of funds compared to peers [4] Investment Strategy - The company has planned $28 billion in capital spending for the period 2025-2029, aimed at modernizing and reinforcing its transmission and distribution infrastructure [6] - Strategic investments are expected to enhance service efficiency for FE's six million customers, contributing to rate base growth in Regulated Distribution [5] Shareholder Returns - FE has been consistently enhancing shareholder value through dividends, with a revised policy targeting a payout ratio of 60-70% [7] - The current quarterly dividend is 44.5 cents per share, leading to an annualized dividend of $1.78 and a dividend yield of 3.76%, which is significantly higher than the Zacks S&P 500 Composite's average of 1.49% [7] Solvency - FE's times interest earned (TIE) ratio at the end of Q3 2025 is 2.6, indicating a strong capacity to meet long-term debt obligations [8][10] Stock Performance - Over the past six months, FE shares have increased by 15%, outperforming the industry's growth of 13.1% [11]
FE vs. AEP: Which Stock Is the Better Value Option?
ZACKS· 2025-11-25 17:41
Core Insights - The article compares FirstEnergy (FE) and American Electric Power (AEP) to determine which stock is undervalued for investors interested in Utility - Electric Power stocks [1] Valuation Metrics - FirstEnergy has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision activity compared to American Electric Power, which has a Zacks Rank of 3 (Hold) [3] - FirstEnergy's forward P/E ratio is 18.64, while American Electric Power's forward P/E is 20.65, suggesting that FE may be undervalued relative to AEP [5] - The PEG ratio for FirstEnergy is 2.89, compared to AEP's PEG ratio of 3.19, indicating that FE has a better valuation when considering expected earnings growth [5] - FirstEnergy's P/B ratio is 1.93, while American Electric Power's P/B ratio is 2.08, further supporting the notion that FE is more attractively valued [6] Overall Assessment - FirstEnergy is noted for its improving earnings outlook, which enhances its attractiveness as a value investment compared to American Electric Power [7] - Based on the discussed valuation metrics, FirstEnergy is considered the superior value option at this time [7]
FirstEnergy (FE) Ordered to Pay Over $250 million in Penalties
Yahoo Finance· 2025-11-23 04:13
Group 1 - FirstEnergy Corp. is recognized as one of the 14 Best Utility Dividend Stocks to Buy Now [1] - The company operates one of America's largest investor-owned electric systems, with 10 electric distribution companies serving customers across multiple states including Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York [2] - On November 20, FirstEnergy was ordered by the Ohio Public Commission to pay over $250 million in penalties and refunds due to misconduct related to a bribery scandal [3] Group 2 - FirstEnergy admitted to paying bribes to state officials to influence legislation in its favor and previously agreed to pay $230 million to avoid prosecution [3] - The company plans to invest $7.3 billion in its Ohio transmission and distribution infrastructure, people, processes, and facilities between 2025 and 2029 [4]
FirstEnergy (FE) Up 0.1% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-11-21 17:31
Core Insights - FirstEnergy reported Q3 2025 operating earnings of 83 cents per share, exceeding the Zacks Consensus Estimate of 76 cents by 9.2% and showing an increase from 76 cents in the same quarter last year [3][4] - Total operating revenues reached $4.14 billion, surpassing the Zacks Consensus Estimate of $3.91 billion by 5.8% and reflecting an 11.2% increase from $3.72 billion in the prior year [5] - The company has narrowed its 2025 core EPS guidance to a range of $2.50-$2.56, aligning with the Zacks Consensus Estimate of $2.53 per share [8] Financial Performance - Core earnings growth was driven by new base rates in Pennsylvania and increased transmission rate base, partially offset by higher planned operating expenses [4] - Total operating expenses rose to $3.3 billion, up 10.5% from $3 billion in the previous year, while operating income increased to $830 million, a 14.2% rise from $727 million [7] - Interest expenses also increased to $312 million, reflecting a 13% rise from $276 million in the prior year [7] Segment Performance - Distribution segment revenues totaled $2.02 billion, up 11.2% year-over-year [6] - Integrated segment revenues amounted to $1.65 billion, a 13.8% increase from $1.45 billion in the previous year [6] - Stand-Alone Transmission segment revenues reached $488 million, up 2.7% from the prior year [6] Capital Investment and Guidance - FirstEnergy has increased its 2025 capital investment plan to $5.5 billion, with over half allocated to strengthening its Transmission operations [9] - The company anticipates a long-term EPS growth rate of 6-8% and has a capital investment plan of $28 billion for the 2025-2029 period [8] Market Reaction and Outlook - Following the earnings release, there has been a downward trend in estimates for the stock, indicating a shift in market sentiment [11] - Despite the downward estimate revisions, FirstEnergy holds a Zacks Rank 2 (Buy), suggesting expectations for above-average returns in the coming months [13]
Mon Power Brings Solar Grazing to West Virginia Site
Prnewswire· 2025-11-20 20:18
Core Insights - The article discusses the innovative use of sheep for vegetation management at a solar facility in West Virginia, highlighting the blend of agriculture and renewable energy [1][4]. Group 1: Solar Grazing Initiative - Hundreds of sheep were utilized to maintain vegetation around 50,000 solar panels at the Fort Martin Power Station, promoting an eco-friendly approach [1][3]. - This method, known as "solar grazing," is currently implemented at 506 solar sites across 30 states, according to the American Solar Grazing Association [2]. - Approximately 350 sheep grazed at the site, with temporary fencing used to manage their movement every four to six days [5]. Group 2: Benefits and Impact - The initiative supports local farmers while reducing the environmental footprint of the solar facility, as stated by Dan Rossero, Vice President of FirstEnergy's West Virginia Generation [4]. - The Fort Martin solar site, operational since early 2024, is part of a broader solar program that includes two additional sites, totaling 30 megawatts of solar capacity [6]. - Customers in West Virginia can purchase solar renewable energy credits (SRECs) to support renewable energy initiatives [7]. Group 3: Operational Details - The sheep are effective in grazing under solar panels, where traditional mowing equipment may struggle, and they benefit from shelter provided by the panels [9]. - The sheep will return to the solar site in spring after spending winter at their farm [5].
Ohio regulators order FirstEnergy to pay more than $250 million in penalties and refunds
Reuters· 2025-11-19 23:13
Core Viewpoint - The Public Utilities Commission of Ohio has mandated FirstEnergy's Ohio utilities to pay $250.7 million in penalties and refunds due to findings from a bribery scandal investigation [1] Group 1: Financial Implications - The total amount ordered for penalties and refunds is $250.7 million, indicating significant financial repercussions for FirstEnergy [1] Group 2: Regulatory Actions - The order from the Public Utilities Commission of Ohio reflects the regulatory body's response to the bribery scandal linked to FirstEnergy [1]
Forbes Names FirstEnergy Among America's Most Trusted and Best Companies for 2026
Prnewswire· 2025-11-19 16:01
Core Insights - FirstEnergy Corp. has been recognized by Forbes as one of America's Most Trusted Companies and America's Best Companies for 2026, reflecting its commitment to operational excellence, customer service, and positive workplace culture [1][2] Recognition and Evaluation - Forbes' America's Most Trusted Companies list is based on an independent survey evaluating companies on transparency, ethical practices, and reliability, with FirstEnergy being among the top 300 out of 2,000 eligible businesses [3] - The America's Best Companies list highlights organizations excelling in employee satisfaction, customer experience, and financial strength, with FirstEnergy being selected as one of the top 500 companies based on over 60 measures across 11 categories [4] Investment and Community Engagement - In 2025, FirstEnergy plans to invest $5.5 million to modernize its power grid as part of its $28 billion Energize365 investment program aimed at enhancing reliability and reducing outages [5] - The FirstEnergy Foundation contributed over $5.5 million to local programs across its service area, and employees have volunteered more than 40,000 hours to support community initiatives [6] Company Overview - FirstEnergy Corp. serves over six million customers across six states and operates approximately 24,000 miles of transmission lines, emphasizing integrity, safety, reliability, and operational excellence [7]