FirstEnergy (FE) Stock

FirstEnergy Corp. has submitted a new Electric Security Plan (ESP) to the Public Utilities Commission of Ohio, which aims to help customers manage their electric bills. This plan includes programs for customer support and energy efficiency, while also focusing on investing in and maintaining the electric grid. This is the sixth ESP that FirstEnergy has filed in Ohio.

The project is expected to finish in the summer of 2025. Jersey Central Power & Light (JCP&L), which is part of FirstEnergy Corp., has begun improving the electric grid in Burlington and northwestern Ocean counties. This upgrade will benefit around 2,500 JCP&L customers.

We have put together a list of the 10 companies that saw significant increases on Monday. In this article, we will examine how FirstEnergy Corp. (NYSE:FE) compares to the other stocks. The first trading day of the week on Wall Street finished with mixed results, with only the Dow Jones showing gains.

FirstEnergy Corp. is a large regulated electric utility that provides service to 6 million customers in the Midwest and Mid-Atlantic, with a total value of $47.52 billion. Although its stock increased by 10.50%, it did not perform as well as the S&P 500 and U.S. Utilities Index, which gained over 30% in the same time frame. The company has a $26 billion capital spending plan for 2024-2028 to address the growing demand for electricity, particularly from AI data centers, which is expected to boost future revenue.

AKRON, Ohio, Jan. 17, 2025 /PRNewswire/ -- With cold weather affecting the area, FirstEnergy Corp. (NYSE: FE) electric companies are advising customers on how to stay safe and manage their energy costs, which may increase due to the low temperatures. Current predictions indicate that the cold snap will impact all six states served by FirstEnergy, with temperatures expected to drop below zero early next week and continue for several days.

HOLMDEL, N.J., Jan. 16, 2025 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), part of FirstEnergy Corp. (NYSE: FE), is improving a transmission substation in northern New Jersey to increase reliability for customers in Sussex County.

Projects are helping over 4,000 customers in Neptune Township, Monmouth Beach, and Sea Bright. Jersey Central Power & Light (JCP&L), part of FirstEnergy Corp., is finishing the final stages of two electric system upgrade projects this month in northern and eastern Monmouth County.

FE's emphasis on upgrading infrastructure is expected to enhance the reliability of its services and improve overall performance.

Over 110 grants have been given to nonprofit groups in the JCP&L service area. On January 7, 2025, it was announced that FirstEnergy Corp. and the FirstEnergy Foundation contributed over $740,000 in 2024 to support various community improvement projects. This funding aims to strengthen the social and economic health of the local communities served by JCP&L.