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4-Traders Homepage  >  Equities  >  Nyse  >  FirstEnergy Corporation    FE

FIRSTENERGY CORPORATION (FE)
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FirstEnergy : Illuminating Company Adds New Line Workers from Power Systems Institute Training Program

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06/20/2018 | 02:12pm CEST

AKRON - The Illuminating Company, a FirstEnergy Corp. (NYSE: FE) utility, has hired 27 graduates of the company's utility worker training program as part of its ongoing efforts to enhance service reliability for customers in northeast Ohio.

The new line workers are recent graduates of the company's Power Systems Institute (PSI), a utility training partnership with Cuyahoga Community College (Tri-C) in Cleveland.

'The PSI program remains the best way to add well-trained, highly skilled employees to our workforce,' said John Skory, regional president of The Illuminating Company. 'The rigorous class work and experience gained in the field by working with veteran line personnel helps our new workers to ensure safe and reliable electric service for our customers into the future.'

The new Illuminating Company lines employees listed by work location and hometown are: Concord - Ryan Hall, Montville; Sean Hamilton, Conneaut; Justin Preziuso, Chardon

Cleveland/Miles - Anthony Hudson, Alliance; Austin Nagel, Avon; Karl Scheffler, Cleveland; James Schuster, Avon; Jacob Theobald, Parma Heights

Mayfield - Brian Bevins, Jefferson; Charles Pearce, Mayfield Heights; Ryan Savage, Boardman; Jacob Smolik, North Royalton; Josiah Swanson, Mentor-on-the-Lake

Solon - Adam Boone, Painesville; Trevor Bruce, Stow

Strongsville - Mark Hickle, Strongsville; Christopher McKenzie, Grafton; Shaun Perry, Broadview Heights; Nicholas Ricci, Jr., Parma; Brandon Urig, Grafton; Alex Wyatt, Sagamore Hills; Nicklaus Zink, Bay Village

Westlake - Phillip Bero, Rocky River; Jacob Blick; Austintown; Thomas Busa, Bay Village; Thomas Holowecky, Avon; Brendan Teets, Westlake.

PSI is an award-winning, two-year educational program originally developed by FirstEnergy in 2000 to help prepare the company's next generation of utility line and substation workers.

PSI students split time between classes at Tri-C and The Illuminating Company's training facility in Brooklyn. Since the program's inception, FirstEnergy has hired more than 1,300 line and 420 substation personnel who completed PSI programs in Maryland, New Jersey, Ohio, Pennsylvania and West Virginia.

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.

Contact:

Mark Durbin

Tel: (330) 761-4365

(C) 2018 Electronic News Publishing, source ENP Newswire

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Financials ($)
Sales 2018 11 465 M
EBIT 2018 2 743 M
Net income 2018 1 846 M
Debt 2018 19 859 M
Yield 2018 4,13%
P/E ratio 2018 9,46
P/E ratio 2019 13,67
EV / Sales 2018 3,18x
EV / Sales 2019 3,18x
Capitalization 16 568 M
Chart FIRSTENERGY CORPORATION
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FirstEnergy Corporation Technical Analysis Chart | FE | US3379321074 | 4-Traders
Technical analysis trends FIRSTENERGY CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 37,5 $
Spread / Average Target 7,3%
EPS Revisions
Managers
NameTitle
Charles E. Jones President, Chief Executive Officer & Director
Donald T. Misheff Chairman
Steven E. Strah Chief Financial Officer & Senior Vice President
Samuel Pierre-Louis Vice President-Information Technology
Bennett L. Gaines Chief Information Officer
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