FirstEnergy Corporation (FE) is scheduled to release fourth-quarter 2024 results on Feb. 26, after market close. The company delivered a negative earnings surprise of 6.6% in the last reported quarter.See the Zacks Earnings Calendar to stay ahead of market-making news.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors That Might Have Impacted FE’s Q4 PerformanceDuring the fourth quarter, FirstEnergy’s subsidiary Jersey Central Power & Light relocated and upgr ...

Core Insights - FirstEnergy is investing in grid enhancement projects to improve reliability and meet customer demands for safe electricity [1][2] Group 1: Project Overview - The projects are part of JCP&L's Supplemental High Priority Circuit Program, which aims to enhance reliability based on historical outage data [1] - The first phase involves at least $95 million in upgrades, expected to be completed over the next three years, while the second phase targets completion by the end of 2028 [1] - Energize365 is FirstEnergy's grid evolution program, with a planned investment of $26 billion from 2024 to 2028 across six states [2] Group 2: Customer Base and Service Area - JCP&L serves approximately 1.1 million customers across various counties in New Jersey [3] - FirstEnergy's electric distribution companies serve over six million customers in multiple states, including Ohio, Pennsylvania, and New Jersey [4] Group 3: Infrastructure Improvements - The upgrades include enhancing approximately four miles of existing infrastructure with stronger poles and overhead wires [6] - Additional installations include underground wires for flexibility, protective devices for rerouting power during outages, and TripSaver devices for automatic reenergization [6] - The company is also conducting tree trimming and vegetation management to further enhance service reliability [6]

AKRON, Ohio, Feb. 11, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the fourth quarter and full year of 2024 after markets close on Wednesday, February 26. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 8 a.m. EST on Thursday, February 27. A question-and-answer session will follow.   Investors, customers and other interested parties are invited to listen to a live webcast of the call and view presentation s ...

FirstEnergy line rebuild to benefit 500 West Penn Power customers GREENSBURG, Pa., Feb. 10, 2025 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as West Penn Power in western Pennsylvania, has upgraded its electric system in eastern Westmoreland County to help prevent service disruptions, support voltage and accommodate growth. The work centered on rebuilding part of an existing power line with larger diameter wire capable of car ...

FirstEnergy (FE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may ...

AKRON, Ohio, Feb. 4, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) received an Emergency Recovery Award from the Edison Electric Institute (EEI) in recognition of its outstanding response in restoring power to hundreds of thousands of customers in northeast Ohio following a historic weather event in August 2024 that brought severe thunderstorms, wind and tornadoes. FirstEnergy Corp. received an Emergency Recovery Award from the Edison Electric Institute (EEI) for its response in restoring power to hu ...

AKRON, Ohio, Feb. 4, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced it has hired Arsalan Azarsa as Vice President, Finance and Regulatory for West Virginia and Maryland, effective February 10, and Kevin Keller as Vice President, Finance and Regulatory for Ohio, effective February 24. In these roles, Azarsa and Keller will be responsible for developing and implementing financial strategy for their respective states, including budgeting, forecasting and financial planning, and will oversee ...

FirstEnergy reminds customers to be careful with helium-filled balloonsAKRON, Ohio, Feb. 3, 2025 /PRNewswire/ -- As Valentine's Day approaches, FirstEnergy Corp. (NYSE: FE) is reminding customers to handle helium-filled foil balloons safely to keep power flowing this season and year-round. Foil balloons cause power outages when released outdoors because their metallic coating conducts electricity and poses a risk to the electric system.A video discussing the hazards posed by foil balloons is available on Fi ...

Proposal includes programs aimed at helping customers better manage their electric bills AKRON, Ohio, Jan. 31, 2025 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Ohio electric companies – Ohio Edison, The Illuminating Company and Toledo Edison – have filed a proposed Electric Security Plan (ESP) with the Public Utilities Commission of Ohio (PUCO) that supports their commitment to investing in and maintaining the electric grid while providing customer assistance programs and energy efficiency initiatives th ...

AKRON, Ohio, Jan. 29, 2025 /PRNewswire/ -- The Illuminating Company, a subsidiary of FirstEnergy Corp. (NYSE: FE), is constructing a new neighborhood power line that will help enhance electric service reliability for hundreds of customers in Lorain County, particularly during severe weather.A video of FirstEnergy personnel explaining and performing this electrical work can be found on FirstEnergy's YouTube channel. The Illuminating Company is constructing a new neighborhood power line that will help enha ...