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Northeast Ohio Balloon Festival Attendees Can Learn Important Electrical Safety Tips at Live Demo
Prnewswire· 2024-09-16 18:33
Ohio Edison will hold interactive demonstrations on how to stay safe around electricity AKRON, Ohio, Sept. 16, 2024 /PRNewswire/ -- Ohio Edison, a FirstEnergy Corp. (NYSE: FE) electric company, is bringing its live wire electrical safety trailer to the upcoming Balloon A-Fair in downtown Ravenna, Portage County, on Saturday, Sept. 21. Using the trailer's 7,200-kilovolt power lines, company employees will demonstrate the power of electricity, how to recognize dangerous conditions and, most important, how to ...
Settlement Reached in FirstEnergy Pennsylvania's Rate Review that Supports Enhanced Service Reliability and Customer Assistance Programs
Prnewswire· 2024-09-16 14:30
Comprehensive Agreement Designed to Keep Costs Manageable for Customers READING, Pa., Sept. 16, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as Met-Ed, Penn Power, Penelec and West Penn Power, has reached a settlement in its base rate review, subject to the approval of the Pennsylvania Public Utility Commission (PaPUC). The $225 million settlement expands bill assistance for low-income residential customers and enables th ...
FirstEnergy Agrees To $100 Million Bribery Case Settlement With SEC
Investopedia· 2024-09-13 14:31
Key Takeaways FirstEnergy said it has agreed to a $100 million settlement with the SEC to resolve charges from a bribery scandal. The Akron, Ohio-based utility was accused of paying some $60 million in bribes to state politicians for favorable legislation for FirstEnergy's nuclear plants. Several politicians, former FirstEnergy executives, regulators, and lobbyists have been charged or sentenced to prison for their roles in the largest bribery scheme in Ohio history. Ohio-based electricity provider FirstEne ...
FirstEnergy Announces Settlement Agreement with U.S. Securities and Exchange Commission
Prnewswire· 2024-09-12 21:13
AKRON, Ohio, Sept. 12, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that it has reached a settlement agreement with the U.S. Securities and Exchange Commission (SEC) to resolve its previously disclosed investigation. "We are pleased to have reached a resolution with the SEC as we continue to turn a new chapter," said Brian X. Tierney, President and Chief Executive Officer of FirstEnergy. "Our focus today is investing in our regulated electric companies to improve the customer experience ...
Electric Vehicle Charging Incentives Available for Some N.J. Residents
Prnewswire· 2024-09-10 16:09
JCP&L incentives help offset costs of preparations for charger installation HOLMDEL, N.J., Sept. 10, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has relaunched its EV Driven residential electric vehicle charging incentives after maxing out customer participation in 2023. The incentives cover the cost of preparation work that customers are required to complete before an EV charger can be installed. JCP&L's EV Driven is a four-year program, approved ...
New Transformer Installed and Energized in Downtown Lebanon Substation
Prnewswire· 2024-09-05 18:00
New Met-Ed equipment to enhance electric service reliability for more than 7,000 customers READING, Pa., Sept. 5, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business as Met-Ed in southeastern Pennsylvania, recently energized a new transformer at its substation near Third and Willow streets in Lebanon to enhance electric service reliability for more than 7,000 customers in the city, North Lebanon Township and West Lebanon Township. ...
Electric Grid Enhancements Coming for Northern and Central New Jerseyans
Prnewswire· 2024-09-03 18:38
JCP&L upgrades in Monmouth and Morris counties are part of a larger $95 million project HOLMDEL, N.J., Sept. 3, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is investing in its customers by upgrading two power lines in Morris and Monmouth counties. The upgrades are scheduled to be completed in November as part of JCP&L's New Jersey Reliability Improvement Project, an element of the company's rate review settlement approved by the New Jersey Board o ...
FirstEnergy (FE) Up 4.5% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-08-29 16:38
It has been about a month since the last earnings report for FirstEnergy (FE) . Shares have added about 4.5% 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 catalysts. FirstEnergy Q2 Earnings On Par, Revenues Lag E ...
Power System Upgrades Underway to Enhance Electric Service for West Virginia Residents and Businesses
Prnewswire· 2024-08-21 18:45
New substation equipment to benefit more than 13,000 Mon Power customers in six counties FAIRMONT, W.Va., Aug. 21, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric company Mon Power is replacing and upgrading equipment at eight transmission substations in its West Virginia service territory to help prevent or minimize the impact of power outages for more than 13,000 customers who are served by high-voltage power lines connected to the substations. The work involves replacing existing substation eq ...
Top 2 Utilities Stocks That May Implode In Q3
Benzinga· 2024-08-21 13:05
As of Aug 21, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Ben ...