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4-Traders Homepage  >  Equities  >  Nyse  >  FirstEnergy Corp.    FE

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FirstEnergy : Mon Power and Potomac Edison Offer Residential Energy Efficiency Program in West Virginia

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02/17/2017 | 08:51pm CET

FAIRMONT, W.Va., Feb. 17, 2017 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have launched a new Residential Energy Efficiency Program designed to help customers save energy and money. Expanding on previous offerings available only to businesses and qualifying low-income customers, the new program provides a variety of energy-saving opportunities to all residential customers of Mon Power and Potomac Edison in West Virginia. The program includes:

    --  Energy-Efficient Kits - Contains information about energy efficiency and
        a variety of energy-efficient items that can be easily installed in the
        home. Kits include energy-efficient light bulbs, faucet aerators,
        furnace whistles and more.
    --  Online Energy Audit - Converts the customer's home energy usage into
        information they can easily understand that can help lower their energy
        usage and costs. Customers without internet access can contact their
        utility to participate via telephone.
    --  Lighting - Provides point of purchase rebates or incentives for the
        purchase and installation of high-efficiency lighting products,
        including LED bulbs.

"We're excited to offer opportunities for broader customer participation in our energy efficiency programs in West Virginia," said John Dargie, vice president, Energy Efficiency. "This program provides our residential customers in West Virginia additional tools to manage their electricity use and make energy-saving improvements throughout the home."

In addition to the Residential Energy Efficiency Program, Mon Power and Potomac Edison will continue to offer a low-income program, providing home energy check-up audits and energy-saving home improvements to qualified customers.

For information about these and other energy efficiency programs offered by Mon Power and Potomac Edison, visit www.energysaveWV.com.

Mon Power serves about 385,000 customers in the northern half of West Virginia and Potomac Edison serves about 140,000 customers in the state's Eastern Panhandle. Follow the companies on Twitter @MonPowerWV and @PotomacEdison.

FirstEnergy is dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or online at www.firstenergycorp.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mon-power-and-potomac-edison-offer-residential-energy-efficiency-program-in-west-virginia-300409666.html

SOURCE FirstEnergy Corp.

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Financials ($)
Sales 2016 15 120 M
EBIT 2016 2 563 M
Net income 2016 475 M
Debt 2016 22 042 M
Yield 2016 4,65%
P/E ratio 2016 47,42
P/E ratio 2017 11,89
EV / Sales 2016 2,33x
EV / Sales 2017 2,31x
Capitalization 13 216 M
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FirstEnergy Corp. Technical Analysis Chart | FE | US3379321074 | 4-Traders
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Mean consensus HOLD
Number of Analysts 20
Average target price 34,7 $
Spread / Average Target 12%
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Managers
NameTitle
Charles E. Jones President, Chief Executive Officer & Director
George M. Smart Non-Executive Chairman
James F. Pearson Chief Financial Officer & Executive VP
Robert B. Heisler Independent Director
Paul T. Addison Independent Director
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