FirstEnergy Corp. - FE STOCK NEWS

Pennsylvania Electric Company (Penelec), a subsidiary of FirstEnergy, has employed 16 graduates from its Power Systems Institute (PSI), a program focused on training future line and substation workers. Among the new hires are 10 lineworkers and 6 substation electricians, all trained in collaboration with Edinboro University and Penn Highlands Community College. Since its inception, the PSI has facilitated the hiring of over 2,400 workers across multiple states. This initiative aims to ensure safe and reliable electric service while addressing workforce needs in the electric utility sector.

Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired nine recent graduates from its Power Systems Institute (PSI) educational program aimed at training line and substation workers. The program, in partnership with local community colleges, has trained over 2,400 workers since its inception in 2000. The new hires will help enhance service delivery for the approximately 275,000 customers served in Maryland and 151,000 in West Virginia. The PSI graduates have received an associate degree in Electric Utility Technology, focusing on safe work practices.

The Illuminating Company, a FirstEnergy utility, has hired 13 graduates from its Power Systems Institute (PSI) program. This educational initiative prepares workers for FirstEnergy's electric utility companies. The new hires include ten lineworkers and three substation electricians, all graduates from a partnership with Cuyahoga Community College. Since its inception, PSI has successfully placed over 2,400 graduates in various roles across multiple states. The Illuminating Company serves over 750,000 customers in Ohio.

Toledo Edison, a utility under FirstEnergy Corp. (NYSE: FE), has welcomed seven new employees from its Power Systems Institute (PSI). This program, in collaboration with Owens Community College, trains future line and substation workers. The newly hired include six lineworkers and one substation electrician, all with degrees in Electric Utility Technology. Since its inception, PSI has prepared over 2,400 professionals for FirstEnergy's utility operations across multiple states. Toledo Edison serves nearly 315,000 customers in northwest Ohio, emphasizing a commitment to safe and reliable electric service.

West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has welcomed 17 new graduates from its Power Systems Institute (PSI) program. This includes 11 lineworkers from Westmoreland County Community College and 6 substation electricians from Pennsylvania Highlands Community College. The PSI program, established in 2000, has successfully trained over 2,400 employees across several states. The new hires are expected to enhance service reliability as veteran workers retire. West Penn Power serves approximately 725,000 customers across 24 counties in Pennsylvania.

Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), is set to enhance its distribution system in York County, Pennsylvania, benefiting approximately 900 rural customers. This initiative is part of a $153 million Long Term Infrastructure Improvement Plan aimed at improving service reliability and minimizing power outages, especially during severe weather. The project includes constructing a two-mile power line and installing a SCADA-enabled switch for real-time communication between power lines, allowing operators to quickly transfer customers during outages.

FirstEnergy Corp. (NYSE: FE) has declared a quarterly dividend of 39 cents per share, payable on September 1, 2022, to shareholders of record by August 5, 2022. This decision reflects the company’s commitment to maintaining shareholder returns. FirstEnergy, serving customers across multiple states, continues to focus on safety, reliability, and operational excellence within its extensive electric distribution system.

FirstEnergy Corp.'s subsidiary, Jersey Central Power & Light (JCP&L), is sponsoring the 2022 Climate Corps Fellowship program in partnership with Sustainable Jersey and EDF. This initiative places graduate fellows in local municipalities and schools to enhance energy efficiency. This year, six fellows were assigned to 17 municipalities and three school districts in various New Jersey counties, generating significant energy savings and carbon emission reductions. Past fellows achieved operational savings of $472,000 in Jackson Township alone, showcasing the program's positive impact on communities.

Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is employing helicopters with aerial saws to trim trees along 445 miles of high-voltage power lines in West Virginia. This program, initiated in late May and expected to finish by September, aims to improve electrical clearances and reduce tree-related power outages, particularly during severe weather. Proactive vegetation management has led to a 40% reduction in total customer outage minutes since 2015. Mon Power serves approximately 395,000 customers in 34 counties in the region.