FirstEnergy Corp. - FE STOCK NEWS

FirstEnergy Corp. (NYSE: FE) has donated 500 trees to Massillon Community Park in Stark County, Ohio, as part of their Earth and Arbor Day celebrations. Since April 2021, the company has planted over 17,000 trees and aims to plant an additional 14,000 this spring, contributing to sustainability efforts. Led by their Green Team, this initiative aligns with their commitment to reducing carbon footprints and promoting responsible resource use. This year's donation will be followed by another 1,400 trees planted at various parks, showcasing FirstEnergy's dedication to environmental stewardship.

FirstEnergy Corp. (NYSE: FE) has announced its plan to plant 20,000 trees in 2022 across its service areas, following a successful 2021 where it exceeded its target by planting 17,000 trees. The initiative focuses on enhancing community landscapes and supporting environmental health. 10,000 trees will be planted in the upcoming weeks around Earth Day and Arbor Day. The program, initiated in 2020, aims to address benefits like carbon absorption and stormwater management. FirstEnergy's employee-led Green Teams will collaborate with various organizations to drive this effort.

FirstEnergy Corp. (NYSE: FE) will announce its first-quarter financial results on April 21, 2022, after the market closes, followed by a conference call on April 22 at 10 a.m. EDT. Analysts and interested parties can join the live webcast on the company's Investor Information site, where the presentation will be available for replay for up to one year. FirstEnergy operates one of the largest investor-owned electric systems in the U.S., with over 24,000 miles of transmission lines across several states including Ohio, Pennsylvania, and New York.

On April 5, 2022, Mid-Atlantic Interstate Transmission (MAIT), a subsidiary of FirstEnergy Corp. (NYSE: FE), completed proactive aerial inspections of nearly 1,400 miles of high-voltage transmission lines in Pennsylvania. Conducted twice yearly, these inspections aim to identify infrastructure issues that may not be visible from the ground. The inspections are crucial for preventing potential power outages, particularly with increased electric usage expected in the summer. Met-Ed serves approximately 570,000 customers in a 3,300 square-mile area, ensuring reliable electricity across multiple counties.

FirstEnergy Corp. has launched a new sustainability initiative, the Wood Pole Diversion Program, aimed at repurposing discarded utility poles in Ohio. This program has successfully diverted over 1 million pounds of used wooden poles from landfills since its pilot phase began in 2020. The poles, no longer in use, will be redistributed for alternative applications such as fencing, landscaping, and furniture. The initiative has expanded beyond Ohio to include other states in FirstEnergy's service area, aiming to significantly reduce waste over time.

Toledo Edison, a subsidiary of FirstEnergy, partnered with Metroparks Toledo to install a 55-foot wooden pole with a nesting platform at the Manhattan Marsh Preserve Metropark. This initiative aims to safeguard the rising osprey population by providing safe nesting away from utility equipment. Toledo Edison emphasizes its commitment to bird conservation, having previously donated platforms and installed deterrents on utility poles. With a service area covering nearly 315,000 customers in northwest Ohio, the company continues its efforts to enhance both avian safety and electric service reliability.

FirstEnergy Corp. (NYSE: FE) has announced the promotion of Ernest (Ernie) N. Maley to vice president and chief information officer, effective April 10, 2022. Maley will oversee IT initiatives focused on enhancing digital enablement and cybersecurity. His leadership aims to modernize customer experience and improve business productivity as part of the FE Forward initiative. With over 20 years at FirstEnergy, Maley has held various IT leadership roles since joining in 2002, showcasing extensive industry experience. The company operates one of the largest investor-owned electric systems in the U.S.

Penelec, a FirstEnergy Corp. electric utility, is enhancing service reliability for approximately 2,800 customers in northern Clarion County, Pennsylvania. The multimillion-dollar upgrades include replacing 66 utility poles, 155 crossarms, and 550 insulators, along with modernizing aging copper wire to aluminum. These improvements aim to reduce electric service interruptions, particularly during severe weather. The project, part of a $200 million Long Term Infrastructure Improvement Plan, began in late 2021 and is set for completion in March 2022.

Jim Fakult, president of New Jersey Operations for FirstEnergy (NYSE: FE) and Jersey Central Power & Light (JCP&L), has been recognized in the ROI-NJ and NJBiz 'power' lists for his leadership. Fakult ranked 40th in the Power List 2022 and was also included in the NJBiz 2022 Power 100 list. Under his leadership, JCP&L is committed to a clean energy future, enhancing electric vehicle use and energy efficiency. JCP&L has received awards for environmental stewardship and community involvement, supporting local initiatives and aiding in the state's energy goals.