FirstEnergy Corporation (FE) announced that its subsidiaries, Mon Power and Potomac Edison, have begun construction on the third utility-scale solar site in West Virginia to help meet the state's electricity needs and encourage further economic development. Key Details of FE's Project The Marlowe solar project is located along Interstate 81 and the Potomac River on a 36-acre property in Berkeley County. This was previously an ash disposal site for the former R. Paul Smith Power Station. FirstEnergy successf ...

Former ash landfill in Berkeley County to be repurposed for clean energy source FAIRMONT, W.Va., Sept. 23, 2024 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have begun construction on their third utility-scale solar site in West Virginia to help meet the state's electricity needs and further encourage economic development. Potomac Edison Logo (PRNewsfoto/FirstEnergy Corp.)Potomac Edison Logo (PRNewsfoto/FirstEnergy Corp.) The Marlowe solar project is located al ...

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 ...

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 ...

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 ...

文章核心观点 - 公司已与美国证券交易委员会(SEC)达成和解,支付1亿美元罚款,以解决之前的调查[1] - 公司将继续专注于投资其受监管的电力公司,以改善客户体验并支持能源转型[1] 公司概况 - 公司是美国最大的投资者拥有电力系统之一,为俄亥俄州、宾夕法尼亚州、新泽西州、西弗吉尼亚州、马里兰州和纽约州的客户提供服务[2] - 公司的输电子公司运营约24,000英里的输电线路,连接中西部和中大西洋地区[2] 前瞻性声明 - 公司可能面临由于政府调查和协议而导致的潜在责任、成本增加和意外发展[3] - 公司面临与俄亥俄州众议院第6号法案(HB 6)相关的调查和诉讼的风险和不确定性[3] - 公司面临宏观经济、天气、监管、网络安全、人力资源等方面的风险和不确定性[3][4] - 公司面临实现战略和财务目标的挑战,包括改善信用指标、维持投资级评级和增长收益[3][4]

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 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. ...

文章核心观点 - 公司正在投资9500万美元用于新泽西州可靠性改善项目的第一阶段 [1][2] - 该项目包括更换更粗更强的电线和电杆、升级熔断器和遥控设备、安装自动重启装置等 [1] - 这些升级将提高电网的抗风暴能力并减少停电影响 [1] 项目概况 - 该项目将在蒙茅斯县和莫里斯县沿线升级10多英里的输电线路 [2] - 蒙茅斯县的升级从霍维尔镇一个变电站开始,服务2200个客户 [2] - 莫里斯县的升级从吉莱特/朗希尔镇一个变电站开始,服务2174个客户 [2] - 这两条线路是18条高优先级线路升级的首批之一,整个项目将在未来3年内完成第一阶段 [2] 公司概况 - 泽西中央电力公司(JCP&L)是第一能源公司(FirstEnergy)的子公司,为新泽西州120万客户提供电力服务 [3] - 第一能源公司致力于诚信、安全、可靠和卓越的运营,是美国最大的投资者拥有电力系统之一 [3]

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 ...