Energy Cost Management Assistance Programs Encouraged
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy FE?
Source: PRnewswire
- 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.
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Analyst Views on FE
Wall Street analysts forecast FE stock price to rise
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 48.770
Low
46.00
Averages
49.25
High
54.00
Current: 48.770
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.
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
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
FirstEnergy Pennsylvania Electric Company Launches Bill Assistance Programs
- Bill Assistance Programs: FirstEnergy Pennsylvania Electric Company has launched several bill assistance programs, including PCAP, LIHEAP, and LIURP, aimed at helping low-income households reduce their electricity costs, thereby alleviating financial pressure and ensuring home safety and comfort.
- Customer Coverage: Subsidiaries such as Met-Ed, Penelec, Penn Power, and West Penn Power serve over 1.73 million customers across various regions in Pennsylvania, showcasing the company's extensive influence in the electric service sector.
- Emergency Assistance Fund: The Dollar Energy Fund provides emergency assistance to customers facing financial hardships, helping them maintain or restore electric service, reflecting the company's commitment to community support and responsibility.
- Customer Communication Commitment: FirstEnergy is dedicated to communicating with customers through various channels to ensure they are aware of available assistance options, enhancing customer trust and improving the company's public image.
See More
JCP&L Hosts Energy Assistance Event in New Jersey
- Energy Assistance Event: JCP&L will host a free energy assistance event on April 22 at the Charles A. Smith Community Center in Ocean County, aimed at helping customers apply for the Universal Service Fund (USF) and learn about additional assistance programs, which is expected to attract many families in need of support.
- Universal Service Fund Overview: The USF is a year-round program designed to help eligible households manage their energy costs and may eliminate past-due balances through the USF Fresh Start Program, ensuring that more families can access essential energy support.
- Customer Service Commitment: JCP&L President Doug Mokoid emphasized that the high energy consumption and bill stress caused by extreme temperatures should not cause anxiety for customers, as the company is committed to providing various payment assistance options to ensure customers can maintain safety and comfort at home during financial hardships.
- Customer Base Coverage: JCP&L serves 1.2 million customers across New Jersey, covering multiple counties, and the company's efforts not only help alleviate the financial burden on customers but also reflect its commitment to community responsibility and attentiveness to customer needs.
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
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
FirstEnergy Pennsylvania Electric Company Launches Bill Assistance Programs
- Bill Assistance Programs: FirstEnergy Pennsylvania Electric Company has launched several bill assistance programs, including PCAP, LIHEAP, and LIURP, aimed at helping low-income households reduce their electricity costs, thereby alleviating financial pressure and ensuring home safety and comfort.
- Customer Coverage: Subsidiaries such as Met-Ed, Penelec, Penn Power, and West Penn Power serve over 1.73 million customers across various regions in Pennsylvania, showcasing the company's extensive influence in the electric service sector.
- Emergency Assistance Fund: The Dollar Energy Fund provides emergency assistance to customers facing financial hardships, helping them maintain or restore electric service, reflecting the company's commitment to community support and responsibility.
- Customer Communication Commitment: FirstEnergy is dedicated to communicating with customers through various channels to ensure they are aware of available assistance options, enhancing customer trust and improving the company's public image.
See More
JCP&L Hosts Energy Assistance Event in New Jersey
- Energy Assistance Event: JCP&L will host a free energy assistance event on April 22 at the Charles A. Smith Community Center in Ocean County, aimed at helping customers apply for the Universal Service Fund (USF) and learn about additional assistance programs, which is expected to attract many families in need of support.
- Universal Service Fund Overview: The USF is a year-round program designed to help eligible households manage their energy costs and may eliminate past-due balances through the USF Fresh Start Program, ensuring that more families can access essential energy support.
- Customer Service Commitment: JCP&L President Doug Mokoid emphasized that the high energy consumption and bill stress caused by extreme temperatures should not cause anxiety for customers, as the company is committed to providing various payment assistance options to ensure customers can maintain safety and comfort at home during financial hardships.
- Customer Base Coverage: JCP&L serves 1.2 million customers across New Jersey, covering multiple counties, and the company's efforts not only help alleviate the financial burden on customers but also reflect its commitment to community responsibility and attentiveness to customer needs.
See More
