This consists of a comprehensive series of updates on FirstEnergy Corp (FE). The power company and its Ohio-based electricity entities plan to withdraw their Electric Security Plan. Strategic steps are in progress amid obstacles posed by storms, according to Q3 2024 earnings call. The New York State Teachers Retirement System has lessened its share in FE, although 85% ownership of FE shares is still dominated by institutional entities. Among the development includes JCP&L's expansion of Energy Efficiency Offerings and FE's dividend declaration of $0.425 per share. Even though the company's Q3 2024 earnings and revenue estimates fell short, it remains a dominant utility dividend stock. It further seeks to review its Ohio Utilities' electric rates and maintain service reliability enhancements and support new customer assistance program. Significant efforts are being made to enhance power service reliability and predict tree-related outages. FE has also been recognized as one of America's top workplaces and has projects to plant more than 25,000 trees in 2024.
Firstenergy Corp FE News Analytics from Thu, 07 Dec 2023 08:00:00 GMT to Sat, 02 Nov 2024 08:44:15 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
