FirstEnergy Corp Restores Power to Customers After Severe Storm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2026
0mins
Should l Buy FE?
Source: PRnewswire
- Restoration Progress: Following winds exceeding 70 mph, FirstEnergy Corp has restored power to nearly 478,000 customers, with approximately 177,400 still awaiting service, demonstrating the company's rapid response capability in disaster situations.
- Personnel Deployment: Over 3,400 external contractors and support personnel are working alongside nearly 3,380 FirstEnergy employees around the clock to restore power, reflecting the company's resource integration ability in crisis management.
- Damage Assessment: The service areas in Ohio and western Pennsylvania were severely impacted with widespread tree and equipment damage; despite challenges in restoration efforts, the company is committed to accelerating repairs under safe conditions, highlighting its dedication to customer service.
- Safety Reminders: The company advises customers to remain safe during the restoration process, particularly when dealing with downed power lines, emphasizing its responsibility for public safety and further enhancing trust within the community.
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Analyst Views on FE
Wall Street analysts forecast FE stock price to fall
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 50.030
Low
46.00
Averages
49.25
High
54.00
Current: 50.030
Low
46.00
Averages
49.25
High
54.00
About FE
FirstEnergy Corp. and its subsidiaries are involved in the transmission, distribution, and generation of electricity through its segments: Distribution, Integrated and Stand-Alone Transmission. The Distribution Segment, which consists of the Ohio Companies and FirstEnergy Pennsylvania Electric Company (FE PA), distributes electricity in Ohio and Pennsylvania. The Integrated segment includes the distribution and transmission operations under Jersey Central Power & Light Company (JCP&L), Monongahela Power Company (MP) and The Potomac Edison Company (PE), as well as MP's regulated generation operations. The segment distributes electricity in New Jersey, West Virginia and Maryland, provides transmission infrastructure, and operates 3,604 MWs of regulated net maximum generation capacity. The Stand-Alone Transmission segment consists of its ownership in FET and KATCo, which includes transmission infrastructure owned and operated by the Transmission Companies and used to transmit electricity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Multiple Assistance Options: Programs include the Maryland Energy Assistance Program (MEAP), which provides up to $600 in crisis assistance for customers struggling to pay their electric bills, helping them avoid service disconnection due to unpaid bills.
- Debt Forgiveness Initiatives: The Electric Universal Service Program (EUSP) offers financial assistance for partial bill payments, while the Arrearage Retirement Assistance helps customers eliminate overdue electric bills up to $2,000, enhancing financial stability.
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- Bill Assistance Programs: Mon Power and Potomac Edison are offering various bill assistance programs aimed at helping West Virginia households manage the financial strain of high winter electricity costs, ensuring customer comfort as spring approaches.
- Emergency Hardship Fund: The Dollar Energy Fund (DEF) serves as an emergency hardship fund designed to assist customers in maintaining or restoring utility services, thereby preventing disconnections during financial difficulties.
- Service Termination Prevention: The Emergency Assistance Program (EAP) provides a one-time payment to help customers avoid service termination, alleviating financial burdens on families during challenging times.
- 24/7 Information Helpline: The 2-1-1 helpline operates 24/7, assisting customers in identifying locally available utility bill assistance programs, ensuring they receive the necessary support and resources.
See More
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- Bill Assistance Programs: Mon Power and Potomac Edison are offering various bill assistance programs aimed at helping approximately 395,000 households in West Virginia manage the financial strain of high winter electricity costs, ensuring comfort as spring approaches.
- Customer Service Commitment: Jim Myers, President of FirstEnergy West Virginia and Maryland, emphasizes that families facing high bills can seek assistance, and reaching out early can unlock more support, reflecting the company's dedication to customer care and responsibility.
- Wide Coverage: Mon Power serves about 395,000 customers across 34 West Virginia counties, while Potomac Edison provides services to approximately 285,000 customers in seven Maryland counties and 155,000 in West Virginia's Eastern Panhandle, highlighting the company's significance in the regional electricity market.
- Company Background: FirstEnergy operates 10 electric distribution companies, forming one of the nation's largest investor-owned electric systems, with transmission subsidiaries managing around 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, ensuring reliability and safety in power supply.
See More
Potomac Edison Launches Bill Assistance Programs for Maryland Customers
- Bill Assistance Programs: Potomac Edison encourages Maryland households to utilize various bill assistance programs to manage increased electricity usage due to temperature fluctuations, thereby alleviating pressure on family budgets.
- Customer Coverage: Potomac Edison serves approximately 285,000 customers in Maryland and 155,000 customers in the Eastern Panhandle of West Virginia, demonstrating its extensive reach in the region.
- Company Commitment: FirstEnergy President Jim Myers emphasizes the company's dedication to helping customers find available resources and support, ensuring they do not feel overwhelmed by their energy bills.
- Access Resources: Customers can visit firstenergycorp.com/billassist to learn more about available assistance and payment programs, ensuring they receive the necessary support in a timely manner.
See More
FirstEnergy Pennsylvania Electric Company Launches Bill Assistance Programs
- Impact of Rising Bills: This winter's extreme cold has forced heating systems to operate overtime, resulting in significantly higher electric bills for many households, which adds financial strain as warmer weather approaches.
- Launch of Assistance Programs: FirstEnergy Pennsylvania Electric Company (FE PA) has introduced several bill assistance programs aimed at helping customers manage their monthly electric costs, thereby alleviating economic pressure on families.
- Company Background: FE PA is a subsidiary of FirstEnergy Corp., operating under local brands such as Penn Power, Penelec, Met-Ed, and West Penn Power, and is committed to providing reliable electricity services to local residents.
- Customer Support Strategy: By implementing these assistance programs, FE PA not only aids customers in coping with high bills but also enhances its community image and customer loyalty, fostering positive relationships with its clientele.
See More
Energy Cost Management Assistance Programs Encouraged
- Winter Heating Support: As temperatures drop, home heating systems must work harder, leading to increased electric bills; Ohio Edison and its subsidiaries encourage customers to utilize available bill assistance programs to alleviate winter energy burdens.
- Response to Rising Bills: With falling temperatures, electricity demand surges, causing higher bills for customers; the assistance programs offered by the electric companies aim to help customers manage these seasonal costs, ensuring economic stability for households.
- Diverse Assistance Options: Ohio Edison and its subsidiaries provide various bill assistance options designed to support low-income families and those needing extra help, ensuring they can maintain basic living needs during the cold season.
- Customer Education and Engagement: The electric companies promote and educate customers about these assistance programs, encouraging proactive understanding and application, thereby enhancing customer awareness and participation in energy management.
See More
Potomac Edison Launches Bill Assistance Programs for Maryland Customers
- Bill Assistance Programs: Potomac Edison encourages Maryland households to utilize various bill assistance programs to cope with increased electricity usage due to temperature fluctuations, thereby alleviating family budget pressures.
- Multiple Assistance Options: Programs include the Maryland Energy Assistance Program (MEAP), which provides up to $600 in crisis assistance for customers struggling to pay their electric bills, helping them avoid service disconnection due to unpaid bills.
- Debt Forgiveness Initiatives: The Electric Universal Service Program (EUSP) offers financial assistance for partial bill payments, while the Arrearage Retirement Assistance helps customers eliminate overdue electric bills up to $2,000, enhancing financial stability.
- Community Support Services: Through the Community Energy Fund (CEF) and the EmPOWER Low Income Energy Efficiency Program (LIEEP), eligible customers receive emergency bill payments and free home energy audits, ensuring protection from utility shut-offs during the heating season.
See More
