New poles and equipment to enhance electric service reliability for nearly 1,000 customers ERIE, Pa., April 10, 2025 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business as Penelec in northern and central Pennsylvania, has completed work to enhance its energy delivery system in Venango and Crawford counties to help prevent or minimize the length of service disruptions, particularly during severe weather. The project included replacing mo ...

Core Insights - FirstEnergy Pennsylvania Electric Company (Met-Ed) is upgrading its energy delivery system in northwestern York County to enhance service reliability and minimize outages for approximately 300 customers, particularly during extreme weather conditions [1][2]. Project Details - The project involves replacing over a mile of older copper wire with larger-diameter aluminum wire, which can transport more electricity and meet the growing electrical needs of the Dillsburg area [2]. - The upgrade includes replacing 1.3 miles of wire, 32 wooden poles, numerous crossarms, 40 fuses, and 149 porcelain insulators along a 13.2-kilovolt power line [3]. - Additionally, 49 wildlife guards are being installed to prevent animals from causing equipment damage and power outages [4]. Strategic Initiatives - This project is part of FirstEnergy Pennsylvania's Long Term Infrastructure Improvement Plan (LTIIP III), which has a budget of $382 million aimed at accelerating capital investments in the Met-Ed electric distribution system over five years [5]. - LTIIP III is integrated into the Energize365 program, which plans to invest $28 billion from 2025 to 2029 to enhance the grid's reliability and accommodate future energy demands, including electric vehicles and clean energy sources [6]. Customer Base - Met-Ed serves approximately 592,000 customers across 3,300 square miles in eastern and southeastern Pennsylvania [7].

Doug Mokoid, FirstEnergy's President, New Jersey: "The investments we are making in these local communities are some of the largest and most extensive enhancements in our New Jersey Reliability Improvement Program. We are taking an all-of-the-above approach to enhancing service reliability by conducting work to address vegetation management, line resiliency, load balancing and incorporating more flexibility and redundancy to our system." Enhanced tree-trimming work, including the removal of diseased or dead ...

Core Viewpoint - FirstEnergy Corp. has appointed Nick Pearson as Vice President of Federal Government Affairs, effective April 7, 2025, to enhance its engagement in federal energy policy [1][2]. Group 1: Appointment and Role - Nick Pearson will oversee FirstEnergy's Washington, D.C. offices and guide the company's strategy on federal energy policy issues [1]. - Pearson's extensive experience in government relations and public policy is expected to be instrumental in advocating for FirstEnergy's customers and business [2]. Group 2: Professional Background - Pearson has over 22 years of experience in government relations, public policy, and business, previously serving as Head of Congressional Affairs for Google Cloud [2]. - He has held significant roles in energy policy at Google and led the Washington, D.C. office of the Tennessee Valley Authority, focusing on energy policy issues [3]. Group 3: Educational Background and Community Involvement - Pearson holds a Bachelor of Science degree in political science and speech communications from Georgia Southern University [5]. - He has been involved in various community and professional organizations, including serving on boards and volunteering with local initiatives [5]. Group 4: Company Overview - FirstEnergy is one of the largest investor-owned electric systems in the U.S., serving over 6 million customers across multiple states [6]. - The company operates more than 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions [6].

Like many investors , I am increasingly worried about how tariffs and a possible recession will impact my portfolio. With that concern in mind, I have been taking a closer look at recession-resistant investments such as Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...

A month has gone by since the last earnings report for FirstEnergy (FE) . Shares have added about 2.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is FirstEnergy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, ...

FirstEnergy offers tips to stay safe on ladders, especially around electrical equipmentAKRON, Ohio, March 24, 2025 /PRNewswire/ -- Spring is the perfect time to tackle home improvement and maintenance projects such as painting or cleaning gutters. Before you start, take some time to brush up on ladder safety tips – especially when power lines and other electrical equipment are nearby.In recognition of The American Ladder Institute's designation of March as National Ladder Safety Month, FirstEnergy (NYSE: FE ...

FirstEnergy Corp. (FE) announced that its board of directors approved a 4.7% increase in the quarterly dividend rate. The revised quarterly dividend will be 44.50 cents, payable June 1, 2025, to its shareholders of record at the close of business on March 9.The company’s new annualized dividend rate is $1.78 and the current dividend yield is 4.49%, which is better than the S&P 500 composite’s average of 1.57%.Can FirstEnergy Sustain Dividend Hikes?FirstEnergy’s efforts to expand its regulated generation mix ...

NEW CASTLE, Pa., March 20, 2025 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business as Penn Power in western Pennsylvania, is replacing underground cable and related equipment to enhance electric service reliability for customers in a Butler County residential neighborhood.John Hawkins, FirstEnergy President, Pennsylvania: "We are investing in modern, durable underground cable with an expected lifespan of 40 years which should provide d ...

Core Points - FirstEnergy Corp. declared a quarterly dividend of $0.445 per share, payable on June 1, 2025, to shareholders of record by May 7, 2025 [1] - The company anticipates total dividends of $1.78 per share for 2025, reflecting an increase of over 11% from the $1.70 per share declared in 2024 [2] - This marks the third dividend increase since September 2023, demonstrating FirstEnergy's commitment to enhancing shareholder value [2] Company Overview - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving over 6 million customers across several states including Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York [3] - The company's transmission subsidiaries manage approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions [3]