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
On December 16, 2014, FirstEnergy Corp. (NYSE: FE) announced that its Board of Directors elected Anthony J. Alexander, 63, executive chairman of the company, effective January 1, 2015. He will be succeeded as president and chief executive officer by Charles E. Jones, 59, who also was elected to the company's Board of Directors. Jones most recently served as executive vice president and president, FirstEnergy Utilities. George M. Smart, currently chairman of the FirstEnergy Board of Directors, will be lead independent director during the transition period.View Full Story
FirstEnergy Corp. subsidiaries Mon Power and Potomac Edison announce on November 3, 2014, the filing of a settlement agreement with the Public Service Commission (PSC) of West Virginia. The agreement was reached with the PSC staff, the state's Consumer Advocate Division, the West Virginia Energy Users Group and Wal-Mart.
The settlement agreement includes recovery of expenses associated with storm repairs from the 2012 Derecho and Hurricane Sandy, increased operating and environmental compliance investments at coal-fired power plants, and service reliability enhancements to the distribution system, including a more extensive tree trimming program to help limit power outages.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
04/24/2015Perry Nuclear Power Plant Returns to Service After Refueling and Maintenance Outage
FirstEnergy Nuclear Operating Company (FENOC), a subsidiary of FirstEnergy Corp. (NYSE: FE), announced its Perry Nuclear Power Plant in Perry, Ohio, returned to service at 5:27 p.m. today following a March 9, 2015, shutdown for refueling and maintenance.
04/24/2015JCP&L Selected As "Business Leadership of Year Honoree" by New Jersey Conference of Mayors
Jersey Central Power & Light (JCP&L) has been named "Business Leadership of the Year Honoree" by the New Jersey Conference of Mayors (NJCM), recognizing the company's continuing efforts to establish strong working relationships with mayors across its service territory. The award was presented at a legislative reception during NJCM's 52nd Annual Conference, held April 23 in Atlantic City.
04/24/2015FirstEnergy to Webcast First Quarter Earnings Teleconference
FirstEnergy Corp. (NYSE: FE) will release financial results for the first quarter of 2015 before markets open on Friday, May 1. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 9 a.m. EDT that day. A question-and-answer session will follow.
04/22/2015Construction Underway on $36 Million JCP&L Project in Morris County
Jersey Central Power & Light (JCP&L) is expanding a substation in Wharton, N.J., to accommodate new voltage-regulating equipment designed to help reinforce the electric system and enhance service reliability for customers.
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