AKRON, Ohio, Sept. 12, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that it has reached a settlement agreement with the U.S. Securities and Exchange Commission (SEC) to resolve its previously disclosed investigation. "We are pleased to have reached a resolution with the SEC as we continue to turn a new chapter," said Brian X. Tierney, President and Chief Executive Officer of FirstEnergy. "Our focus today is investing in our regulated electric companies to improve the customer experience ...

JCP&L incentives help offset costs of preparations for charger installation HOLMDEL, N.J., Sept. 10, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has relaunched its EV Driven residential electric vehicle charging incentives after maxing out customer participation in 2023. The incentives cover the cost of preparation work that customers are required to complete before an EV charger can be installed. JCP&L's EV Driven is a four-year program, approved ...

New Met-Ed equipment to enhance electric service reliability for more than 7,000 customers READING, Pa., Sept. 5, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing business as Met-Ed in southeastern Pennsylvania, recently energized a new transformer at its substation near Third and Willow streets in Lebanon to enhance electric service reliability for more than 7,000 customers in the city, North Lebanon Township and West Lebanon Township. ...

JCP&L upgrades in Monmouth and Morris counties are part of a larger $95 million project HOLMDEL, N.J., Sept. 3, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is investing in its customers by upgrading two power lines in Morris and Monmouth counties. The upgrades are scheduled to be completed in November as part of JCP&L's New Jersey Reliability Improvement Project, an element of the company's rate review settlement approved by the New Jersey Board o ...

It has been about a month since the last earnings report for FirstEnergy (FE) . Shares have added about 4.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is FirstEnergy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. FirstEnergy Q2 Earnings On Par, Revenues Lag E ...

New substation equipment to benefit more than 13,000 Mon Power customers in six counties FAIRMONT, W.Va., Aug. 21, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric company Mon Power is replacing and upgrading equipment at eight transmission substations in its West Virginia service territory to help prevent or minimize the impact of power outages for more than 13,000 customers who are served by high-voltage power lines connected to the substations. The work involves replacing existing substation eq ...

As of Aug 21, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Ben ...

Teams with the Electric Power Research Institute to help protect bats HOLMDEL, N.J., Aug. 16, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric company Jersey Central Power & Light (JCP&L) has installed 64 artificial, free-standing bat roosts along two transmission rights-of-way that run through Warren, Morris and Union counties as part of the company's ongoing efforts to protect endangered species near electrical infrastructure. This work is part of a collaborative research study with the Electric ...

AKRON, Ohio, Aug. 13, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that it has reached an agreement, effective Aug. 12, 2024, with the Office of the Ohio Attorney General and the Office of the Summit County Prosecutor to resolve all outstanding proceedings between the parties. "We are pleased to have reached a resolution with the Ohio Attorney General's Office and the Office of the Summit County Prosecutor, which recognizes the substantial actions FirstEnergy has taken to establish a hi ...

AKRON, Ohio, Aug. 11, 2024 /PRNewswire/ -- Thanks to around-the-clock hard work by more than 7,500 storm responders, FirstEnergy announced that nearly all customers will have power restored much sooner than the original global estimate of Wednesday, Aug. 14. To date, power has been restored to nearly 90% of Illuminating Company customers, with less than 35,000 remaining without service. Line crews from FirstEnergy's Pennsylvania electric vcompanies assist with power restoration in the greater Cleveland area ...