Company News & Information

Reports second quarter 2022 GAAP earnings of $0.33 per share and operating (non-GAAP) earnings of $0.53 per share, in top end of guidance range Closed on minority sale of FET LLC, raising $2.4 billion at historic premium valuation Solid execution to improve the balance sheet with over $2.5 billion of debt retired year-to-date Anticipates achieving…

In the early 20th century, many people from around the world flocked to America’s shores in search of a better life and freedom that couldn’t be found in their home countries. While that search continues today, it was love that brought Guillermo Rodriguez, Supply Chain category specialist IV, to America. Guillermo was born and raised in El…

JCP&L recognized the following work groups for recent safety milestones: Cookstown – Fourteen employees in the Lines group achieved 17 years without an OSHA recordable and six years without a controllable motor vehicle accident (CMVA). West Wharton – The Transmission group’s 16 employees celebrated seven years of work without an OSHA-recordable incident. Phillipsburg/Washington – Meter Reading reached six…

JCP&L has launched EV Driven, a new four-year program that provides incentives for electric vehicle charging infrastructure. The program, recently approved by the New Jersey Board of Public Utilities (BPU), will benefit the state’s environment by reducing auto emissions. “New Jersey is a national leader in clean energy and electric vehicle adoption, and the EV…

FirstEnergy will release financial results for the second quarter and first half of 2022 after markets close on Tuesday, July 26. These results will be discussed by company management during a conference call with financial analysts at 11 a.m. on Wed., July 27. A question-and-answer session will follow. Employees, investors, customers and other interested parties…

Employees at the following operating companies were honored for their safety commitment. The Illuminating Company (CEI) Solon – Twenty-one employees in the Lines group surpassed seven years without an OSHA recordable. Bargaining-unit employees at CEI are represented by Utility Workers Union of America (UWUA) Local 270. Ohio Edison North Street – Meter Reading has gone 14 years…

Ohio Edison, The Illuminating Company (CEI) and Toledo Edison have filed a plan with the Public Utilities Commission of Ohio (PUCO) that would expand investments in smart grid technology, including equipment to help reduce the frequency and duration of power outages for customers. The filing, known as Ohio Grid Mod II, proposes a four-year, $626-million…