Business

Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp., have reached a settlement agreement with the Public Service Commission (PSC) of West Virginia regarding the adjustment of energy metering credits. The agreement aims to address the fixed costs associated with new net energy metering customers who generate their own power through renewable sources.According to a statement by Mon Power and Potomac Edison, the agreement will impact both existing and new net energy metering customers. Existing customers will continue to receive the current retail rate offset for…

Duke Energy Foundation has announced $75,000 in grants to support community and cultural programs in African American communities in South Carolina. The funding will be directed towards enrichment, mentoring, and family skills programs.Mike Callahan, Duke Energy’s South Carolina state president, emphasized the importance of recognizing the contributions made by Black people to the nation, the state, and the local neighborhoods. He stated, “This rich history continues to inspire organizations that support African American communities and build upon the legacy of those that…

YellowLite, a leading solar installer in Ohio, has achieved an unprecedented eighth consecutive win in the Cuyahoga Late 2023 Solar and Storage Co-op. This victory highlights YellowLite’s dedication to providing accessible and sustainable energy solutions to communities in the region.The Cuyahoga Late 2023 Solar and Storage Co-op is a program facilitated by Solar United Neighbors. It brings together residents and small business owners in local neighborhoods to leverage their collective buying power for solar installations. This collaborative approach allows participants…

Duke Energy Foundation has provided more than $200,000 in grants to support first responders in Indiana. The funding will help local police, fire, and emergency management agencies enhance their response capabilities during severe weather and other emergencies. The grants will be used for advanced preparation, planning, equipment, and training.Stan Pinegar, President of Duke Energy Indiana, highlighted the importance of partnerships with local emergency management and law enforcement agencies in responding to severe weather events. He stated, “When severe weather strikes,…

Love is in the air this Valentine’s Day, and as people shower their loved ones with flowers and gifts, it’s important to remember to show some love to energy efficiency as well. By incorporating energy-saving measures into your celebrations, you can not only create the perfect ambiance but also save some money along the way.One way to set the mood is by switching out traditional lights for LEDs. According to the article, LEDs use up to 75% less electricity than incandescent bulbs. “You can even use a dimmer or limit the number of lights you use,” suggests the article….

FirstEnergy Corp. subsidiary Potomac Edison has completed service reliability projects in Western Maryland that will enhance electric service and minimize the impact of power outages for nearly 5,000 customers in Allegany, Frederick, and Garrett counties.Don McGettigan, Acting President of FirstEnergy’s Maryland Operations, emphasized the importance of investing in system upgrades to improve customer service during severe weather events. He said, “Continually investing in upgrades to our system helps us restore service to our customers faster following severe weather and…

Duke Energy has once again been named as one of the World’s Most Admired Companies by Fortune magazine. This marks the company’s seventh consecutive year on the prestigious list. Duke Energy has also ranked among the top four gas and electric utilities for the third year in a row.Lynn Good, Duke Energy’s chair, president, and CEO, expressed her gratitude for the recognition, stating, “Providing safe, reliable and affordable energy is foundational to serving our customers and communities. It is an honor for Duke Energy to be recognized by industry peers, directors, and…

FirstEnergy Corp. has announced an $85,000 grant to the Energy Innovation Center Institute (EICI) to support their efforts in recruiting and training diverse candidates from economically distressed communities in Pennsylvania for utility apprenticeships. The grant will be used to provide resources such as computers, training equipment, stipends, and curriculum development to prepare these candidates for entry into apprenticeship programs.Scott Wyman, President of FirstEnergy’s Pennsylvania Operations, emphasized the need for skilled utility workers as experienced…

AKRON, Ohio, Feb. 8, 2024 — With Valentine’s Day just around the corner, FirstEnergy Corp. is urging customers to handle helium-filled foil balloons safely to prevent power outages. The metallic coating on these balloons conducts electricity and poses a risk to the electric system, causing disruptions in power supply.Foil balloons have been the cause of numerous outages in the past. Last year alone, they were responsible for 108 power outages across FirstEnergy’s service area. As a result, the company is taking steps to educate the public on the hazards associated with…

Duke Energy, one of America’s largest energy holding companies, has released its financial results for the fourth quarter and full-year 2023. The news release can be found on the company’s website.During an investor presentation, Lynn Good, chair, president, and CEO of Duke Energy, along with Brian Savoy, executive vice president and CFO, will discuss the financial results and provide updates on the company’s business and finances. The presentation is scheduled for 10 a.m. ET today.Investors can access the call through the investors’ section of Duke Energy’s website or…