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American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnergy Corp. (NYSE: FE), has upgraded nine miles of a high-voltage power line in Carroll and Harrison counties in Ohio to strengthen the regional transmission system. The second phase of a larger 64-mile transmission line project, the rebuilt segment will enhance service reliability for Ohio Edison customers, improve system resiliency and accommodate increasing customer demand for electricity in the future.
Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have requested a review of their base electric rates by the West Virginia Public Service Commission (PSC). The proposed $207 million adjustment supports investments that strengthen the energy grid, funds reliability programs targeting rural communities and establishes a team to support low-income customers.
FirstEnergy Corp. (NYSE: FE) Board Chair, Interim President and Chief Executive Officer John W. Somerhalder told shareholders today that FirstEnergy is making progress on its plans to drive long-term success and create sustainable value for all of its stakeholders. Speaking at the company's 2023 Annual Meeting of Shareholders, he said this is an exciting moment in the company's history.
Key Insights The projected fair value for FirstEnergy is US$34.99 based on Dividend Discount Model Current share price...
As part of its on-going "Stop.Look.Live." public safety campaign, FirstEnergy Corp. (NYSE: FE) has produced a video to teach drivers, emergency responders and bystanders tips for staying safe when a vehicle accident involves electrical equipment. Narrated by FirstEnergy safety spokesman Max Safety, the video details how to identify risks surrounding an accident, including utility poles, power lines or transformers in contact with the vehicle.
Penelec, a subsidiary of FirstEnergy Corp. (NYSE: FE), is completing work to enhance its energy delivery system in Blair and Huntingdon counties to help prevent or minimize the length of service disruptions, particularly during severe weather. The project includes replacing about 50 wood poles, crossarms, fuses, lightning protection devices and other equipment on a power line that delivers electricity to more than 1,100 customers in Birmingham, Warriors Mark Township, Tyrone Township and Sinking
Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is now offering electric vehicle (EV) drivers the option to enroll in a program that can help them save money by charging their EV during off-peak hours. The program is also designed to benefit the entire region by taking some pressure off the electric grid during periods of heavy use, particularly in the hot summer months.
Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is on track to plant more than 3,200 trees donated by FirstEnergy across its New Jersey service area this year, more than double the number of trees donated last year.
FirstEnergy Corp. (NYSE: FE) is encouraging Maryland customers of its subsidiary Potomac Edison to evaluate electric supply offers from competitive suppliers that fit their budget and protect against rising energy prices this summer. Due to the results of recent competitive auctions, Potomac Edison customers in Maryland who rely on the company for all aspects of service will see an increase in the price they pay for electric generation beginning June 1.
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than...
Employee volunteers from FirstEnergy's (NYSE:FE) subsidiary Mon Power are in the fast lane to protecting the environment, collecting more than 5,000 pounds of litter since 2021 along the road leading to its Harrison Power Station.
In celebration of Earth and Arbor Days, FirstEnergy Corp. (NYSE: FE) has donated nearly 700 trees to organizations in Mercer County, Pennsylvania. With the goal of restoring forested habitat within the community, employee volunteers of FirstEnergy and its subsidiary Penn Power recently planted 450 trees at the Custaloga Town Scout Reservation, 150 trees at Buhl Park and 100 trees throughout the Hermitage School District.
Mid-Atlantic Interstate Transmission (MAIT), a subsidiary of FirstEnergy Corp. (NYSE: FE), has rebuilt a high-voltage power line in Lebanon County, Pennsylvania, to enhance electric system reliability. Approximately 3,300 customers of FirstEnergy electric company Met-Ed will benefit from the work, which will help prevent unplanned outages in the future by making the line more resilient against strong storms.
Jim Fakult, president of New Jersey Operations for FirstEnergy Corp. (NYSE: FE) and its subsidiary Jersey Central Power & Light (JCP&L), has been honored with the Difference Maker Award by the Morris County chapter of the Urban League. The award recognizes Fakult's leadership in providing career opportunities for diverse communities.
FirstEnergy Corp. (NYSE: FE) ("FirstEnergy") announced today that it intends to offer, subject to market and other conditions, $1.0 billion aggregate principal amount of convertible senior notes due 2026 (the "convertible notes") in a private placement under the Securities Act of 1933, as amended (the "Securities Act"). FirstEnergy also intends to grant to each of the initial purchasers of the convertible notes an option to purchase, within a 13-day period from, and including, the date on which
FirstEnergy's (FE) first-quarter earnings miss estimates, while revenues surpass the same.
FirstEnergy (FE) delivered earnings and revenue surprises of -1.64% and 1.81%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
FirstEnergy Corp. (NYSE: FE) today reported first quarter 2023 GAAP earnings of $292 million, or $0.51 per basic and diluted share, on revenue of $3.2 billion. In the first quarter of 2022, the company reported GAAP earnings of $288 million, or $0.51 per basic share of common stock ($0.50 diluted), on revenue of $3.0 billion. Results for both periods include the special items listed below.
Let's focus on utilities like DTE, CMS, XEL, CNP and FE, which are scheduled to release first-quarter 2023 earnings on Apr 27.
AVANGRID's (AGR) first-quarter earnings miss estimates, while revenues beat the same. PNM Resources merger deal extended till July 20.
WEC Energy (WEC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
FirstEnergy's (FE) first-quarter results are expected to benefit from completion of service reliability projects, return from regulated investment, and lower operation and maintenance expenses.
For the third consecutive year, FirstEnergy Corp. (NYSE: FE) will donate 300 trees to Mill Creek MetroParks in Mahoning County, Ohio, to celebrate Earth and Arbor days. A mixed variety of hardwood trees will be planted on Monday, April 25, by employees of FirstEnergy and its Ohio Edison electric company throughout the MetroParks' 402-acre farm in Canfield.
FirstEnergy (FE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
FirstEnergy Corp. (NYSE: FE) is encouraging customers of its Ohio electric companies – Ohio Edison, The Illuminating Company and Toledo Edison – to evaluate electric supply offers from competitive suppliers that fit their budget and protect against rising energy prices this summer. Due to the results of recent competitive auctions, FirstEnergy customers who rely on their electric company for all aspects of service are expected to see an increase in the price they pay for electric generation begi