FirstEnergy Corp. - FE STOCK NEWS

Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), is preparing for winter by completing crucial equipment inspections and maintenance. This initiative aims to ensure reliable electric service for its 570,000 customers across 14 Pennsylvania counties. Key activities include infrared inspections of substations, helicopter checks of 1,400 miles of transmission lines, and extensive tree trimming—approximately 3,200 miles planned for completion. Additionally, Met-Ed emphasizes safety checks on utility vehicles and conducted a storm drill to enhance restoration readiness.

West Penn Power, a subsidiary of FirstEnergy (NYSE: FE), is finalizing inspections and maintenance to ensure reliable electricity delivery during winter. President Scott Wyman emphasized proactive measures to safeguard infrastructure. Key activities include using 'thermovision' cameras for equipment checks, winterizing control buildings, and helicopter inspections of 1,700 miles of transmission lines. The company has trimmed over 3,800 miles of electric lines this year, aiming for 4,800 miles by year-end. These efforts support approximately 725,000 customers in Pennsylvania.

FirstEnergy's Pennsylvania subsidiary, Penelec, is enhancing electric service reliability ahead of winter by completing crucial equipment inspections and maintenance. This proactive approach includes using thermovision cameras for inspecting substations, winterizing control buildings, and conducting helicopter inspections on 2,500 miles of transmission lines. Maintenance also involves trimming 4,200 miles of trees to minimize outages and ensuring utility vehicles are equipped for harsh conditions. Penelec serves about 585,000 customers across northern and central Pennsylvania, emphasizing safety and reliability during cold months.

Potomac Edison, a subsidiary of FirstEnergy Corp (NYSE: FE), is enhancing service reliability as winter approaches. Conducting inspections and maintenance across its Maryland and West Virginia areas, the utility is preparing for challenges posed by winter weather. Key activities include the inspection of substations, the use of thermovision technology for detecting equipment issues, and helicopter inspections of 1,400 miles of transmission lines. The company is also winterizing utility vehicles and performing extensive tree trimming along over 1,670 miles of power lines.

Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is enhancing power reliability in West Virginia ahead of winter. Key activities include inspections of substations, use of thermovision cameras for detecting equipment issues, and helicopter inspections of transmission lines. The company aims to mitigate potential power outages by addressing reliability issues. Mon Power serves 395,000 customers across 34 counties. These proactive measures are part of their commitment to ensure safe and reliable electricity during cold weather.

Mon Power and Potomac Edison, subsidiaries of FirstEnergy, submitted an application to the Public Service Commission of West Virginia to build five solar projects generating 50 megawatts of renewable energy. This move aligns with a 2020 law allowing utilities to own renewable energy facilities, supporting local economic development. If approved, the projects will begin as early as 2022 and be completed by 2025. Customers would buy energy from these facilities, receiving solar renewable energy credits, funded through a solar surcharge.

FirstEnergy Corp. (NYSE:FE) advises customers in Akron, Ohio, on energy efficiency as winter approaches. To manage energy use effectively during cold months, customers can implement several strategies, such as reducing thermostat settings and insulating their homes. These tips aim to help lower heating bills and enhance comfort without solely relying on heating systems. FirstEnergy also offers resources for assistance with high winter bills. The company operates one of the largest investor-owned electric systems in the U.S., serving multiple states with extensive transmission lines.

FirstEnergy Corp. (NYSE: FE) is urging customers in Ohio, Pennsylvania, New Jersey, and Maryland to assess electric supply deals due to rising fuel costs. The price of natural gas—majorly affecting electricity generation—is expected to remain volatile this winter, potentially increasing customer rates. FirstEnergy emphasizes the importance of shopping for competitive energy suppliers to find suitable plans, which could lead to savings. Customers should consider energy prices, contract terms, and any applicable fees when choosing an energy supplier.