FirstEnergy Corp. announced that Steven J. Demetriou and James F. O'Neil III were elected to the company's Board of Directors on January 17, 2017.
Demetriou, 58, is chairman and chief executive officer of Dallas-based Jacobs Engineering Group, Inc., a global technical professional and construction services company. O'Neil, 58, is a partner at Western Commerce Group, an advisory and investment firm based in Fort Worth, Texas.
"We welcome Steve Demetriou and Jim O'Neil to our Board," said George M. Smart, chairman of FirstEnergy's Board of Directors. "Both are seasoned leaders with extensive executive and board experience, which will be valuable to our company and its shareholders."View Full Story
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 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
02/21/2017FirstEnergy Announces Fourth Quarter and Full Year 2016 Financial Results
FirstEnergy Corp. (NYSE: FE) today reported a full-year 2016 GAAP loss of $(6.2) billion, or $(14.49) per basic and diluted share of common stock, on revenue of $14.6 billion. The loss reflects asset impairment and plant exit costs, including charges related to the company's decision to exit competitive operations by mid-2018 as further discussed below. In 2015, the company reported GAAP earnings of $578 million, or $1.37 per basic and diluted share of common stock, on revenue of $15.0 billion.
02/21/2017Heisler, Kleisner and Novak to Conclude Service to FirstEnergy Board of Directors
FirstEnergy Corp. (NYSE: FE) today announced that Robert B. (Yank) Heisler, Jr., Ted J. Kleisner and Ernest J. Novak, Jr., will conclude their service to the FirstEnergy Board of Directors at the company's annual meeting on May 16. These changes will bring the size of FirstEnergy's Board to 13 members.
02/17/2017Mon Power and Potomac Edison Offer Residential Energy Efficiency Program in West Virginia
Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have launched a new Residential Energy Efficiency Program designed to help customers save energy and money. Expanding on previous offerings available only to businesses and qualifying low-income customers, the new program provides a variety of energy-saving opportunities to all residential customers of Mon Power and Potomac Edison in West Virginia. The program includes:
02/14/2017FirstEnergy to Webcast Fourth Quarter Earnings Teleconference
FirstEnergy Corp. (NYSE: FE) will release financial results for the fourth quarter and full year of 2016 after markets close on Tuesday, February 21. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 10 a.m. EST on Wednesday, February 22. A question-and-answer session will follow.
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