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FirstEnergy Corp. - FE STOCK NEWS

Welcome to our dedicated page for FirstEnergy news (Ticker: FE), a resource for investors and traders seeking the latest updates and insights on FirstEnergy stock.

FirstEnergy Corp. (NYSE: FE) is a leading investor-owned utility headquartered in Akron, Ohio. The company operates through its 10 regulated distribution utilities, serving over six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. FirstEnergy's vast transmission network spans more than 24,000 miles, connecting the Midwest and Mid-Atlantic regions, making it one of the largest electric systems in the nation.

Committed to operational excellence, safety, and reliability, FirstEnergy is actively engaged in various projects that enhance the quality of life for its customers and communities. The company has an impressive portfolio of ongoing initiatives aimed at fostering environmental sustainability. For instance, FirstEnergy has pledged to plant over 25,000 trees in 2024 as part of its environmental responsibility efforts, which have already seen over 67,000 trees planted since 2021.

Financial performance remains strong. FirstEnergy reported first-quarter 2024 GAAP earnings of $253 million on revenue of $3.3 billion. The company continues to maintain a healthy balance sheet and aims for a long-term annual operating earnings growth rate of 6% to 8%, supported by its $26 billion five-year capital investment plan, Energize365.

The company's latest projects include aerial inspections of nearly 7,000 miles of transmission lines using advanced infrared technology to ensure the safety and reliability of its network. Additionally, FirstEnergy's Toledo Edison has embarked on a $342,000 LED streetlight conversion project in Sylvania, Ohio, expected to save the city $77,000 annually in energy costs.

FirstEnergy also focuses on improving infrastructure in rural areas. Mon Power, a subsidiary, has been selected to receive up to $5 million in federal funding to upgrade power lines in West Virginia, enhancing reliability for thousands of customers.

In leadership news, Nikhil Rao has been promoted to Associate General Counsel, emphasizing the company's focus on robust legal and regulatory compliance. Rao brings extensive experience in litigation and labor law, reinforcing FirstEnergy's commitment to integrity and operational excellence.

For those interested in career opportunities, FirstEnergy actively engages with potential employees through its FirstEnergy Careers Facebook community, sharing job postings and career tips.

Overall, FirstEnergy Corp. continues to lead with a steadfast commitment to making lives brighter, the environment better, and communities stronger.

News

Fairmont Community Teams Up to Collect Plastic Waste and Promote Sustainability

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FirstEnergy Corp. (FE) subsidiary Mon Power partners with East Fairmont High School for nationwide NexTrex challenge
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FirstEnergy Appoints Two Senior Executives to Accelerate Transformation into Premier Electric Utility

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FirstEnergy Corp. (FE) announces the appointment of Wade Smith as president, FirstEnergy Utilities, and Toby L. Thomas as chief operating officer. The new appointments mark the company's transformation into a premier electric utility, aiming to enhance execution at the utility level by shifting decision making and accountability closer to customers. Smith will oversee state businesses in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and stand-alone transmission companies, while Thomas will be responsible for a broad range of transmission and distribution business functions. Both leaders bring extensive experience from their previous roles at Puget Sound Energy and American Electric Power, respectively.
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JCP&L Unveils Largest-Ever Infrastructure Upgrade Investment Plan to Modernize New Jersey Electric Grid

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FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power and Light (JCP&L) announces the EnergizeNJ initiative, a $935 million, five-year infrastructure improvement program aimed at strengthening the local electric system and laying the groundwork for smart grid capabilities. The plan includes investments in grid modernization, system resiliency, and substation modernization, representing the largest infrastructure upgrade investment in company history. President Jim Fakult emphasizes the commitment to safe, affordable, and reliable electric service, with a focus on reducing outage size and duration through modern technology and smart devices.
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Transmission Line Upgrades to Enhance Electric Service Reliability in Preston County

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Mon Power, a subsidiary of FirstEnergy Corp., is upgrading a high-voltage transmission power line in Preston County, West Virginia, to reinforce the local transmission system and enhance service reliability for 5,000 customers. The project includes replacing wood structures with 29 new steel poles, installing new wires to carry more electrical load, and enabling increased power flow in the event of service interruptions. The project is expected to be complete in late December.
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Holiday Spirit Comes Alive in Elkins with Help from Mon Power

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Mon Power, a subsidiary of FirstEnergy Corp., has donated time and resources to hang holiday decorations in Elkins, West Virginia. The decorations are in preparation for a special event on Nov. 4th, where a 63-foot Norway Spruce tree from West Virginia's Monongahela National Forest will be paraded through the city before making its way to the U.S. Capitol in Washington, D.C. Mon Power provided bucket trucks, equipment, and crews for the decoration installation and removal in January.
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New EV Charging Stations Available for Public Use at Rocky Gap Casino and Resort

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Potomac Edison, a subsidiary of FirstEnergy Corp., has partnered with the Maryland Department of Natural Resources and Rocky Gap Casino and Resort to install two public EV charging stations in Flintstone, Allegany County. This project is part of Potomac Edison's EV Driven pilot program, aimed at making EV ownership more accessible in Maryland. The company has already installed over three-fourths of the total 59 charging stations committed under EV Driven.
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Community Pollinator Gardens Create Food and Habitat for Wildlife

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FirstEnergy Corp. employee volunteers are planting community pollinator gardens across the company's six-state service area, creating food and habitat for insects and small animals. The initiative is aligned with FirstEnergy's commitment to environmental stewardship and its goal of developing 225 acres of pollinator habitat. The company's Green Teams have completed projects in Ohio, Pennsylvania, and West Virginia, with more planned for the future.
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FirstEnergy Announces Third Quarter 2023 Financial Results

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FirstEnergy Corp. reports Q3 2023 earnings of $0.74 per share and narrows its 2023 operating guidance. Affirms long-term growth rate.
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Gorge Dam Removal Moves Forward with $10 Million Contribution from FirstEnergy Subsidiary Ohio Edison

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FirstEnergy subsidiary Ohio Edison is contributing $10 million to expedite the removal of the Gorge Dam, supporting environmental, economic, and recreational benefits for communities along the Cuyahoga River in Ohio.
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York County Electric Grid Stronger and More Resilient Following Smart Enhancements

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Met-Ed, a subsidiary of FirstEnergy Corp., has completed equipment enhancements along a power line in central York County to improve electric service reliability for over 2,000 customers. The upgrades include installing new transformers, replacing wooden poles, and installing remote-control devices. The projects are part of Met-Ed's $153 million Long Term Infrastructure Improvement Plan. The enhancements will help prevent or minimize power outages, particularly during severe weather.
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FAQ

What is the current stock price of FirstEnergy (FE)?

The current stock price of FirstEnergy (FE) is $41.79 as of November 22, 2024.

What is the market cap of FirstEnergy (FE)?

The market cap of FirstEnergy (FE) is approximately 24.3B.

What states does FirstEnergy serve?

FirstEnergy serves customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York.

How many customers does FirstEnergy have?

FirstEnergy serves over six million customers.

What is FirstEnergy's commitment to environmental sustainability?

FirstEnergy has pledged to plant over 25,000 trees in 2024 and has already planted over 67,000 trees since 2021.

What are FirstEnergy's latest financial results?

For the first quarter of 2024, FirstEnergy reported GAAP earnings of $253 million on revenue of $3.3 billion.

What is the Energize365 plan?

Energize365 is FirstEnergy's $26 billion five-year capital investment plan focused on enhancing reliability and the customer experience.

How is FirstEnergy improving infrastructure in rural areas?

Mon Power, a FirstEnergy subsidiary, has received up to $5 million in federal funding to upgrade power lines in rural West Virginia.

What recent project has Toledo Edison undertaken?

Toledo Edison has started a $342,000 LED streetlight conversion project in Sylvania, Ohio.

Who is the new Associate General Counsel of FirstEnergy?

Nikhil Rao has been promoted to Associate General Counsel, overseeing litigation, claims, employment, and labor law issues.

How does FirstEnergy ensure the safety of its transmission lines?

FirstEnergy uses helicopters equipped with infrared technology for aerial inspections of its transmission lines.

Where can I find FirstEnergy's job postings and career tips?

You can find job postings and career tips on the FirstEnergy Careers Facebook community.

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FirstEnergy Corp.

NYSE:FE

FE Rankings

#482 Ranked by Market Cap
#716 Ranked by Dividends

FE Stock Data

24.28B
575.60M
0.12%
89.57%
1.79%
Utilities - Regulated Electric
Electric Services
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United States of America
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