FirstEnergy Corp. (NYSE: FE) President and Chief Executive Officer Charles E. Jones told shareholders at today’s Annual Meeting that the company has made good progress on a number of its key initiatives, while focusing its efforts on achieving more regulated, customer-centered growth.
Calling 2015 a “productive and pivotal year for FirstEnergy,” Jones cited the company’s achievements including the continued success of a multi-year transmission investment program, solid results from a cash flow improvement initiative, and the launch of a new branding campaign that showcases the company’s environmental commitment.
A transcript of Jones' prepared remarks can be found here.View Full Story
FirstEnergy Nuclear Operating Company (FENOC), a subsidiary of FirstEnergy Corp. (NYSE: FE), announced on December 8, 2015, that the Nuclear Regulatory Commission (NRC) has approved a 20-year license extension for the Davis-Besse Nuclear Power Station in Oak Harbor, Ohio, allowing the unit to operate until 2037.
The NRC's decision to renew Davis-Besse's license comes following extensive safety and environmental reviews, public meetings and comments. The plant's original license was set to expire on April 22, 2017, and FENOC submitted a license renewal application to the NRC in 2010. Davis-Besse is the 81st nuclear reactor in the United States to receive a license extension from the NRC.
Davis-Besse is capable of generating 908 megawatts, or enough electricity to power more than one million households. In addition, plant operations displace more than 7.1 million metric tons of carbon dioxide annually, approximately the same amount of carbon dioxide released by more than 1.4 million cars each year.View Full Story
FirstEnergy has launched a Scam and Fraud Information section on its website to help raise awareness of fraudulent activity and educate utility customers about these threats to their personal safety and security. The new site, available at www.firstenergycorp.com/scaminfo, describes known scams targeting utility customers, and provides tips and resources to help consumers identify fraudulent schemes.View Full Story
12/06/2016JCP&L Nearing Completion of 2016 Circuit Upgrade Program
Jersey Central Power & Light (JCP&L) has completed upgrades on more than 80 major circuits this year to enhance customer reliability. Overall, the modernization work will help reduce the number and duration of service interruptions for more than 113,000 customers in central and northern New Jersey.
12/06/2016FirstEnergy Names Dan DeVille Director of External Affairs for The Illuminating Company and Toledo Edison Service Areas
FirstEnergy Corp. (NYSE: FE) has named Dan DeVille director, External Affairs for The Illuminating Company and Toledo Edison service areas.
12/01/2016Met-Ed Completing Long-Term Infrastructure Improvement Plan
Metropolitan Edison Company (Met-Ed) is completing work on approximately $7.5 million of electric system projects as part of its 2016 Long-Term Infrastructure Improvement Plan to reduce the number and duration of service interruptions experienced by the company's 560,000 customers.
11/30/2016New FirstEnergy Transmission Line Energized in West Virginia to Support Shale Gas Industry
FirstEnergy Corp. (NYSE: FE) has energized a vital transmission line in Harrison and Doddridge counties, W.Va., that both supports the electric demands of the area's Marcellus Shale gas industry and helps enhance service reliability for nearly 13,000 Mon Power customers in the Clarksburg and Salem areas.
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