FirstEnergyNYSE: FE

FirstEnergy Corp. (NYSE:FE) will hold its Q3 2024 Earnings Conference Call on October 30, 2024, at 9:00 AM ET. The call will feature company representatives, including Gina Caskey, Brian Tierney, and Jon Taylor, along with various participants from different financial institutions. Please note that this conference is being recorded.

FE's earnings and revenues for the third quarter fell short of expectations because of increased costs for storm recovery. However, the company plans to stick to its five-year investment plan.

On Tuesday, FirstEnergy, a utility company, reported that it did not meet profit expectations for the third quarter due to increased costs for storm recovery and reduced tax advantages.

If the Public Utilities Commission of Ohio (PUCO) gives its approval, FirstEnergy Corp.'s Ohio electric companies, including Ohio Edison, The Illuminating Company, and Toledo Edison, will go back to their earlier rate plan. They have submitted a notice to withdraw their current Electric Security Plan (ESP) 5, which started on June 1. The previous plan, ESP4, was active until May 31, 2024.

AKRON, Ohio, Oct. 29, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has announced that Karen McClendon will take on the role of Senior Vice President and Chief Human Resources Officer (CHRO) starting on November 11. In her new position, McClendon will lead initiatives to enhance the company's human resources strategy, making sure it aligns with FirstEnergy's goal of becoming a top electric company.

FE's results for the third quarter of 2024 are likely to improve due to better service reliability and the addition of a new transformer at its substation.

Penelec has recently activated a new transformer at a substation in Bradford to improve the reliability of electric service for over 1,000 customers in Bradford and Bradford Township, including the University of Pittsburgh's Bradford campus. This upgrade is part of FirstEnergy Pennsylvania Electric Company's efforts to enhance service in the area. The announcement was made on October 24, 2024.

Almost 4,900 customers of West Penn Power will gain from the improvements being made. FirstEnergy Pennsylvania Electric Company, which operates as West Penn Power in western Pennsylvania, is enhancing its power system in Allegheny County to reduce long service outages, especially during bad weather.

FirstEnergy Pennsylvania Electric Company (FE PA), part of FirstEnergy Corp., has recently improved its distribution system in southeast Monroe County. This upgrade will help support the growing power needs of 1,300 customers and reduce the chances of service interruptions. The changes are aimed at meeting the demands of both residential and commercial developments in the area.