New Scholarship Program Offered to Diverse Students of FirstEnergy's Power Systems Institute

Rhea-AI Summary

FirstEnergy Corp. (NYSE: FE) is launching the PSI Equal Access Scholarship Program in 2021, offering up to 50 scholarships to underrepresented candidates. Each scholarship provides $1,000 per month, totaling up to $21,000, for students attending the Power Systems Institute (PSI) training program. This initiative aims to promote diversity and inclusion in skilled trades, particularly targeting candidates from various ethnic backgrounds. The program combines classroom education with hands-on training, leading to an Associate of Technical Studies degree in electric utility technology.

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• Launch of the PSI Equal Access Scholarship Program to promote diversity.
• Up to 50 scholarships available, providing $1,000/month for living expenses.
• Scholarship can support students from diverse cultural and ethnic backgrounds.

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AKRON, Ohio, March 23, 2021 /PRNewswire/ -- The Power Systems Institute (PSI), a FirstEnergy Corp. (NYSE: FE) award-winning program to train the next generation of dedicated line and substation workers, is awarding up to 50 scholarships in 2021 to underrepresented candidates who reside in the company's service area in support of the company's diversity and inclusion (D&I) efforts. The scholarships are the first offered under the FirstEnergy PSI Equal Access Scholarship Program, a D&I initiative encouraging men and women from different cultural and ethnic backgrounds to pursue learning a skilled craft in the PSI program.

The FirstEnergy PSI Equal Access Scholarship Program provides assistance with living expenses to students attending the 21-month PSI program. The scholarship is offered to diverse students who traditionally have been underrepresented in the skilled craft trades, including Black or African American, Native American or Alaska Native, Asian, Native Hawaiian or Pacific Islander, people of two or more races; Hispanic or Latino ethnicity and female candidates. 

This year, up to 50 scholarships are being awarded across FirstEnergy's 10 operating companies. A diverse panel will review 2021 PSI program applications and determine recipients. The $1,000 per month scholarship, not to exceed $21,000 over the duration of the program, will be distributed quarterly to students who remain active in PSI. The scholarship can be used to offset housing, transportation and other living expenses during participation in the PSI program. Scholarship applications for the 2022 program year will become available to candidates this fall.

"FirstEnergy understands and supports the value of PSI students from diverse cultures and various ethnic backgrounds," said Dave Karafa, Vice President of Distribution Support for FirstEnergy. "FirstEnergy is committed to, and benefits from, the full and equitable participation of a diverse community. The program's mission is to provide these students with the opportunity to attain their professional goals while advancing the utility industry."

FirstEnergy originally introduced PSI in 2000 to help replace retiring line and substation workers. The PSI program combines classroom learning with hands-on training. Programs were established with colleges throughout the company's six-state service area. Program openings are limited, and applicants will be assessed through a competitive, multi-step process. For qualified students, FirstEnergy pays tuition, required books and lab fees. Graduates of the program receive an Associate of Technical Studies degree with a focus on electric utility technology. For more information, please call 1-800-829-6801 or visit www.firstenergycorp.com/psi.

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,500 miles of transmission lines that connect the Midwest and Mid-Atlantic regions.  Follow FirstEnergy online at www.firstenergycorp.com. Follow FirstEnergy and its utilities on Twitter @FirstEnergyCorp, @ToledoEdison, @IlluminatingCo, @OhioEdison, @MonPowerWV, @JCP_L, @Penn_Power, @Penelec, @Met_Ed, @PotomacEdison, @W_Penn_Power.

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SOURCE FirstEnergy Corp.

FAQ

What is the PSI Equal Access Scholarship Program offered by FirstEnergy (FE)?

The PSI Equal Access Scholarship Program provides scholarships to diverse candidates attending the Power Systems Institute, supporting their education in skilled trades.

How many scholarships will FirstEnergy (FE) award in 2021?

FirstEnergy will award up to 50 scholarships in 2021.

What is the value of the scholarships from FirstEnergy (FE)?

Each scholarship is valued at $1,000 per month, not to exceed $21,000 over the 21-month program.

Who is eligible for the FirstEnergy (FE) scholarship program?

The scholarship is for underrepresented students, including Black, Hispanic, Native American, and female candidates.

When will applications for the 2022 scholarship program from FirstEnergy (FE) be available?

Applications for the 2022 program will be available in the fall of 2021.