The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has FirstEnergy (FE) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question. FirstEnergy is one of 105 individual stocks in the Utilities sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 diff ...

FirstEnergy tips to help keep the candy – and electricity – flowing safely AKRON, Ohio, Oct. 3, 2024 /PRNewswire/ -- As neighborhoods across the country gear up for Halloween, FirstEnergy Corp. (NYSE: FE) reminds the public to keep safe in their decorating and celebrations this fall. Celebrating responsibly can help people of all ages enjoy the season safely and keep power flowing reliably. Candace Webb, Manager of Public Safety at FirstEnergy: "As Halloween approaches, it's important to remember that while ...

FirstEnergy Corporation (FE) announced that its subsidiary, American Transmission Systems, Inc. ("ATSI"), is expanding and upgrading a high-voltage substation in Sylvania Township, Lucas County. The project is expected to be completed and go into service in early 2025. Benefits of the Project As a result of this development, more than 20,000 Toledo Edison customers in northwest Ohio are expected to benefit from improved electric service reliability. The project will involve the installation of new automated ...

Core Insights - FirstEnergy Corporation has introduced a new technology, the Advanced Vegetation Analytics Tool, aimed at predicting and reducing tree-related outages across its service area, enhancing system resiliency and minimizing outages during storms [1][2][3] Group 1: Technology and Implementation - The Advanced Vegetation Analytics Tool utilizes data from various sources, including soil, weather, historical outages, and aerial patrol photos, to identify patterns and assess the risk of trees impacting power lines [2][3] - This tool will help FirstEnergy manage its resources more efficiently, ensuring a reliable electricity supply to customers while optimizing crew management and budget allocation [3] Group 2: Importance of Vegetation Management - Proper vegetation management is crucial for transmission and distribution companies to maintain uninterrupted service, especially in the face of climate change and extreme weather events that can damage infrastructure [4] - Utilities spend billions annually on vegetation management to protect their infrastructure from tree-related outages [4] Group 3: Industry Practices - Various methods have been employed by utilities to manage vegetation, including the use of aerial saws and helicopters for tree trimming and inspections [5] - Some utilities, like Dominion Energy, have initiated programs to bury power lines underground to enhance grid resilience against vegetation and extreme weather [6] Group 4: Stock Performance - Over the past year, FirstEnergy's stock has increased by 42.1%, outperforming the industry average growth of 39.7% [7] - The company currently holds a Zacks Rank of 3 (Hold), while Pampa Energía S.A. is rated 1 (Strong Buy) in the same industry [9]

Company among the first in the industry to develop technology to prevent power outages caused by trees AKRON, Ohio, Sept. 30, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is among the first in the electric utility industry to deploy a new program that helps predict and reduce tree-related outages before they occur across the company's six-state service area. The company's vegetation management team engineered the AIdriven program to calculate where trees pose the most risk to the electric system, parti ...

AKRON, Ohio, Sept. 26, 2024 /PRNewswire/ -- As part of its long-standing tradition of assisting other electric companies during large-scale power outages, FirstEnergy Corp. (NYSE: FE) electric companies have sent approximately 200 line workers and support personnel to assist Duke Energy Carolinas and Georgia Power with anticipated power restoration efforts following Hurricane Helene. Crews began leaving Wednesday morning for North Carolina and Georgia, with all expected to arrive by early Saturday. Hurrican ...

AKRON, Ohio, Sept. 24, 2024 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE: FE) today declared an unchanged quarterly dividend of $0.425 per share of outstanding common stock payable December 1, 2024, to shareholders of record at the close of business on November 7, 2024. FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million c ...

FirstEnergy Corporation (FE) announced that its subsidiaries, Mon Power and Potomac Edison, have begun construction on the third utility-scale solar site in West Virginia to help meet the state's electricity needs and encourage further economic development. Key Details of FE's Project The Marlowe solar project is located along Interstate 81 and the Potomac River on a 36-acre property in Berkeley County. This was previously an ash disposal site for the former R. Paul Smith Power Station. FirstEnergy successf ...

Former ash landfill in Berkeley County to be repurposed for clean energy source FAIRMONT, W.Va., Sept. 23, 2024 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have begun construction on their third utility-scale solar site in West Virginia to help meet the state's electricity needs and further encourage economic development. Potomac Edison Logo (PRNewsfoto/FirstEnergy Corp.)Potomac Edison Logo (PRNewsfoto/FirstEnergy Corp.) The Marlowe solar project is located al ...

Ohio Edison will hold interactive demonstrations on how to stay safe around electricity AKRON, Ohio, Sept. 16, 2024 /PRNewswire/ -- Ohio Edison, a FirstEnergy Corp. (NYSE: FE) electric company, is bringing its live wire electrical safety trailer to the upcoming Balloon A-Fair in downtown Ravenna, Portage County, on Saturday, Sept. 21. Using the trailer's 7,200-kilovolt power lines, company employees will demonstrate the power of electricity, how to recognize dangerous conditions and, most important, how to ...