Severe Weather Expected in Ohio with Power Outage Preparations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: PRnewswire
- Weather Monitoring: FirstEnergy Ohio electric companies are closely monitoring severe weather expected to hit Wednesday evening, with forecasts indicating strong winds, heavy rain, and possible tornadoes that could down trees, branches, and power lines.
- Emergency Response Readiness: To support restoration efforts, FirstEnergy has mobilized over 1,000 outside line workers to assist local crews in case of significant damage, ensuring rapid power restoration during extreme weather events.
- Ongoing System Maintenance: FirstEnergy employs a proactive, year-round approach to maintain a reliable electric system, including regular tree trimming to keep vegetation away from power lines, investing in major upgrades to strengthen the grid, and conducting routine aerial inspections to identify potential issues.
- Customer Safety Tips: The company encourages customers to take precautions ahead of severe weather and provides guidance on how to report outages and receive outage updates, ensuring customer safety and preparedness.
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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: 46.140
Low
46.00
Averages
49.25
High
54.00
Current: 46.140
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 over 3,610 megawatts of regulated 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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- Ongoing System Maintenance: FirstEnergy employs a proactive, year-round approach to maintain a reliable electric system, including regular tree trimming to keep vegetation away from power lines, investing in major upgrades to strengthen the grid, and conducting routine aerial inspections to identify potential issues.
- Customer Safety Tips: The company encourages customers to take precautions ahead of severe weather and provides guidance on how to report outages and receive outage updates, ensuring customer safety and preparedness.
See More
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See More
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- Compliance and Ethics Leadership: Deandra Williams-Lewis has been named Chief Ethics & Compliance Officer, overseeing compliance risks and policies, aiming to strengthen the company's culture of integrity and accountability.
- Privacy Protection Enhancement: Brian Harrell will assume the role of Chief Privacy Officer, leading the company's privacy program to enhance the protection of sensitive customer and employee information, reflecting the company's commitment to data protection.
- Strategic Implications: These leadership changes highlight FirstEnergy's depth of talent and are aimed at positioning the company for long-term success, enhancing overall business performance and market competitiveness.
See More
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- Leadership Changes: Antonio Fernández has been appointed Vice President of Business Transformation, effective June 28, tasked with enhancing operational efficiency and supporting the execution of strategic priorities, reflecting the company's commitment to operational excellence.
- Compliance and Ethics Leadership: Deandra Williams-Lewis will take over as Vice President and Chief Ethics & Compliance Officer, overseeing compliance risks and policies to further strengthen the company's culture of integrity and accountability, ensuring effective management and reporting.
- Expanded Privacy Responsibilities: Brian Harrell will assume the additional role of Chief Privacy Officer, leading the company's privacy program and enhancing the protection of sensitive customer and employee information, underscoring the company's focus on data protection.
- Talent Depth Reflection: Chairman Brian X. Tierney noted that these leadership changes reflect the depth of talent within the organization, aiming to position FirstEnergy for long-term success and ensure a positive impact in key responsibilities.
See More
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- Executive Appointments: FirstEnergy has appointed Chris Beam as President of West Virginia/Maryland Operations, Hanneke Counts as Vice President of Environmental Health and Safety, and Daniel Puscas as Chief Information Officer, aiming to enhance operational performance and safety culture while accelerating technology transformation across the enterprise.
- Strengthening Operational Strategy: Beam will oversee safe, reliable, and efficient operations for Mon Power and Potomac Edison, while also managing financial performance and regulatory strategies that support investment plans, ensuring the company maintains a competitive edge in a challenging market.
- Enhancing Safety Culture: Counts will drive a consistent risk-based approach to safety, focusing on standardizing practices and expanding field coaching programs, thereby increasing employee ownership of safety and reducing incident rates, which will improve the overall work environment.
- Leading Technology Transformation: Puscas will take charge of FirstEnergy's enterprise technology and cybersecurity strategy, focusing on improving system reliability and enabling data-driven decision-making, supporting the company's transition to a more modern and efficient operating model to ensure long-term sustainability.
See More
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- Executive Appointments: FirstEnergy recently appointed Chris Beam as President of West Virginia/Maryland Operations, Hanneke Counts as Vice President of Environmental Health and Safety, and Daniel Puscas as Chief Information Officer, aiming to enhance operational performance and safety culture across the organization.
- Safety Culture Enhancement: Counts will drive the standardization of safety practices within the enterprise safety organization, focusing on risk management and field execution, which is expected to reduce serious injury incidents by expanding coaching and observation programs, thereby increasing employee accountability for safety.
- Accelerated Technology Transformation: Puscas will oversee FirstEnergy's enterprise technology and cybersecurity strategy, concentrating on improving system reliability and enabling data-driven decision-making, which is anticipated to support the company's long-term investment plans through a modernized operating model.
- Strategic Alignment: The extensive experience of the new executives will align with FirstEnergy's business strategy, ensuring safe and reliable system operations and disciplined investment execution, ultimately enhancing the overall experience for customers, employees, and stakeholders.
See More
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- Weather Monitoring: FirstEnergy Ohio electric companies are closely monitoring severe weather expected to hit Wednesday evening, with forecasts indicating strong winds, heavy rain, and possible tornadoes that could down trees, branches, and power lines.
- Emergency Response Readiness: To support restoration efforts, FirstEnergy has mobilized over 1,000 outside line workers to assist local crews in case of significant damage, ensuring rapid power restoration during extreme weather events.
- Ongoing System Maintenance: FirstEnergy employs a proactive, year-round approach to maintain a reliable electric system, including regular tree trimming to keep vegetation away from power lines, investing in major upgrades to strengthen the grid, and conducting routine aerial inspections to identify potential issues.
- Customer Safety Tips: The company encourages customers to take precautions ahead of severe weather and provides guidance on how to report outages and receive outage updates, ensuring customer safety and preparedness.
See More
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- Severe Weather Preparedness: FirstEnergy Pennsylvania Electric Company is preparing for severe weather expected Wednesday and Thursday, marking the fourth significant storm in 12 days, with wind gusts potentially reaching 65 mph, posing risks of downed trees and power line damage.
- Resource Mobilization: The company will mobilize a substantial workforce, including additional lineworkers and support personnel, as well as forestry and damage assessment teams, to ensure rapid response to potential outages and support 24/7 restoration efforts.
- Complex Weather Impacts: The past two weeks have seen 14 confirmed tornadoes and multiple rounds of heavy rain, high winds, and lightning, resulting in widespread complex damage that requires careful and time-intensive restoration work.
- Long-term Investment Plans: FirstEnergy plans to invest approximately $13 billion between 2026 and 2030 through its Energize365 initiative to build a smarter, more resilient grid that meets evolving community needs and withstands increasingly severe storms.
See More
