Company offers tips for customers to manage seasonal heating billsWILLIAMSPORT, Md., Dec. 4, 2024 /PRNewswire/ -- With colder months expected to produce higher electric use, Potomac Edison, a FirstEnergy Corp. (NYSE: FE) electric company, has completed inspections and maintenance across its Maryland service area to help support electric system reliability as temperatures drop this winter. Don McGettigan, FirstEnergy's Acting President, Maryland: "Ensuring our system is well-prepared for the challenges of wi ...

Company offers tips for customers to manage seasonal heating billsFAIRMONT, W.Va., Dec. 3, 2024 /PRNewswire/ -- With colder months expected to produce higher electric use, FirstEnergy Corp. (NYSE: FE) electric companies Mon Power and Potomac Edison have completed inspections and maintenance across their West Virginia service areas to help support electric system reliability as temperatures drop this winter.  Potomac Edison Logo (PRNewsfoto/FirstEnergy Corp.) Jim Myers, Vice President of FirstEnergy's W ...

FirstEnergy Corporation (FE) continues to benefit from a growing regulated base, and the expansion of distribution and transmission lines is expected to improve operations further. The company’s strategic investment will likely increase grid reliability and enable efficient customer service.However, this Zacks Rank #3 (Hold) company faces risks related to delays in the base rate request approval and seasonal factors.Tailwinds for FirstEnergyThe utility’s efforts to expand its regulated generation mix stabil ...

It has been about a month since the last earnings report for FirstEnergy (FE) . Shares have added about 1.1% in that time frame, underperforming 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. FirstEnergy Misses on Q3 Earnings and Sales, Lo ...

Brings more than 35 years of experience leading large-scale technology transformations AKRON, Ohio, Nov. 26, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that Mark Andrade has been named Vice President, Enterprise Technology, effective Dec. 2. In this role, Andrade will drive FirstEnergy's technology modernization and digital transformation in support of the company's strategic vision. He will report to John Combs, Senior Vice President, Shared Services.  John Combs, Senior Vice Preside ...

Grid upgrades will also relocate lines away from hard-to-access railroad tracksHOLMDEL, N.J., Nov. 13, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is relocating and upgrading power lines in portions of Bernardsville, Somerset County, to enhance electric service for customers in Bernardsville and nearby towns. The $1.75 million project is expected to be completed later this month.The project involves moving a section of power line extending from JC ...

Honor from national military support organization recognizes workplace and supplier diversity opportunities for veterans and their familiesAKRON, Ohio, Nov. 12, 2024 /PRNewswire/ -- For the ninth time in the past 10 years, FirstEnergy Corp. (NYSE: FE) has been designated a Military Friendly® Company by Military Friendly, a national organization supporting the U.S. military and its veterans. The recognition is one of four awards FirstEnergy earned this year from Military Friendly, which were announced on Vet ...

Sagot brings two decades of finance and utility experience; Davies brings three decades of experience driving operational excellence and enterprise transformationAKRON, Ohio, Nov. 8, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) announced today that Karen Sagot has been named Vice President, Investor Relations, effective Nov. 10, and Sean Davies has been named Vice President, Continuous Improvement, effective Nov. 18.As Vice President of Investor Relations, Sagot will lead and execute FirstEnergy's inve ...

New and expanded programs designed to meet increased energy savings targetsHOLMDEL, N.J., Oct. 31, 2024 /PRNewswire/ -- Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has obtained approval from the New Jersey Board of Public Utilities (BPU) to expand its energy efficiency programs. The two-and-a-half-year program is designed to achieve electricity savings and other objectives of the N.J. Clean Energy Act of 2018 and the N.J. Energy Master Plan.Doug Mokoid, FirstEnergy' ...

FirstEnergy (FE) reported third-quarter 2024 operating earnings of 85 cents per share, which lagged the Zacks Consensus Estimate of 95 cents by 6.6%. The bottom line decreased 3.4% from the year-ago figure of 88 cents. The year-over-year decline in earnings was due to significantly higher storm restoration costs in the third quarter and lower distribution revenues in Ohio as a result of the Electric Security Plan V order, partially offset by lower operating expenses. On a GAAP basis, the third-quarter earni ...