Company announces preliminary results from 2015 annual meeting
FirstEnergy Corp President and Chief Executive Officer Charles E. Jones told shareholders on May 19 that the company is focused on meeting the energy needs of its customers.
"Our industry continues to change at a rapid pace," Jones said. "But our mission remains the same – producing and delivering safe, reliable, clean and affordable electricity to the customers we are privileged to serve. Those customers count on our product...to bring greater comfort, convenience, safety and productivity to their everyday lives."
Jones discussed the company's focus on regulated growth, including the efforts to ensure reliable service to distribution customers, and the company's Energizing the Future transmission investment program.View Full Story
Energizing the Future is FirstEnergy's long-term transmission initiative that involves upgrading and strengthening the grid to meet the future demands of customers and communities.
The initiative includes projects to install advanced technologies to enhance system reliability, meeting projected load growth, and reinforcnig the system in light of power plant deactivations.
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Joint Stipulation Demonstrates Broad Support from Diverse Parties
FirstEnergy Corp.'s Ohio utilities filed a joint stipulation agreement on December 22, 2014, demonstrating broad support for Powering Ohio's Progress, their proposed Electric Security Plan (ESP) currently pending before the Public Utilities Commission of Ohio.
The proposed stipulation reflects the diverse interests and concerns of 15 signatories, including parties that represent residential, commercial, industrial and low-income customers, as well as organized labor and schools. The agreement supports FirstEnergy's proposed ESP that outlines plans for its Ohio utilities – Ohio Edison, Cleveland Electric Illuminating and Toledo Edison – to provide electric service to customers for a three-year period from June 1, 2016 through May 31, 2019.View Full Story
Training Program for Future Utility Workers
FirstEnergy Corp.'s award-winning Power Systems Institute (PSI) is being reinstated as the company looks to train the next generation of utility line and substation workers.
PSI is a two-year program that combines hands-on utility skills with technical coursework. Program graduates will earn an Associate of Technical Studies degree with a focus on electric power utility technology.
FirstEnergy originally introduced PSI in 2000 as a way to help replace retiring line workers. Programs were established at colleges throughout the company's six-state service area. With the economic downturn, in 2011 most of the PSI programs were placed on hold because projected hiring needs did not support bringing in new students. As future workforce needs at FirstEnergy were re-evaluated, the decision was made to reinstate the PSI program, targeting a fall of 2015 enrollment class.
For more information, including a list of partner colleges, visit FirstEnergy's PSI page at www.firstenergycorp.com/psi.View Full Story
05/21/2015Mon Power to Conduct Storm Restoration Drills to Help Employees Prepare for Real-Life Events
Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), will conduct an emergency readiness exercise on May 26 to test the company's restoration process used to repair storm-related power outages.
05/21/2015FirstEnergy Extends Lease at Downtown Akron Headquarters
FirstEnergy Corp. (NYSE: FE) announced that it has signed an 8 1/2-year lease extension for its 19-story downtown Akron office headquarters, which currently houses more than 900 company employees.
05/20/2015Mon Power Utilizes Aerial Saw for Tree Trimming Program
Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is using helicopters equipped with aerial saws to trim trees and maintain clearances along hard-to-access transmission and distribution corridors throughout its service area. This cost-effective technology helps crews perform the vegetation-management work necessary to help lessen the frequency and duration of power outages associated with severe weather.
05/19/2015FirstEnergy Promotes Executives to Lead Marketing and Corporate Strategy
FirstEnergy Corp. (NYSE: FE) today announced that its Board of Directors has named Dennis M. Chack to senior vice president, Marketing and Branding, and Gary D. Benz to senior vice president, Strategy. The promotions will be effective June 1, 2015.
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