Comprehensive Agreement Designed to Keep Costs Manageable for Customers READING, Pa., Sept. 16, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing business as Met-Ed, Penn Power, Penelec and West Penn Power, has reached a settlement in its base rate review, subject to the approval of the Pennsylvania Public Utility Commission (PaPUC). The $225 million settlement expands bill assistance for low-income residential customers and enables th ...

Key Takeaways FirstEnergy said it has agreed to a $100 million settlement with the SEC to resolve charges from a bribery scandal. The Akron, Ohio-based utility was accused of paying some $60 million in bribes to state politicians for favorable legislation for FirstEnergy's nuclear plants. Several politicians, former FirstEnergy executives, regulators, and lobbyists have been charged or sentenced to prison for their roles in the largest bribery scheme in Ohio history. Ohio-based electricity provider FirstEne ...

Core Insights - Jersey Central Power & Light (JCP&L) has relaunched its EV Driven residential electric vehicle charging incentives after reaching maximum customer participation in 2023 [1][3] - The EV Driven program, approved by the New Jersey Board of Public Utilities in 2022, aims to enhance electric vehicle charging infrastructure and reduce auto emissions in New Jersey [2][6] - The residential incentive portion of the $39.8 million EV Driven program closed in September 2023, just 14 months after its launch, and has reopened following the reallocation of $4.1 million from non-residential segments [3][4] Incentives and Benefits - JCP&L customers can receive up to $7,000 in incentives for preparing their properties for EV charger installation, which includes up to $1,500 for electrical upgrades and up to $5,500 for utility upgrades [4] - Additional bill credit incentives are available to promote off-peak hours charging [5] Environmental Impact - Electric vehicles provide a cleaner alternative to gasoline vehicles, with costs as low as one-third of gasoline per mile [6] - New Jersey's Energy Master Plan aims to increase electric vehicle adoption to lower greenhouse gas emissions, with the transportation sector being the largest contributor to the state's emissions at 46% [6] Customer Base - JCP&L serves approximately 1.1 million customers across multiple counties in New Jersey [7]

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. ...

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 ...