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

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FirstEnergy : Pierpont receives grant from FirstEnergy Foundation

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06/20/2017 | 12:47am CEST

June 19--FAIRMONT -- Pierpont Community and Technical College has received a grant for $200,000 grant from the FirstEnergy Foundation.

The grant will be used to sustain and update program needs at the Advanced Technology Center, according to a Pierpont press release.

"Our parntership with FirstEnergy is a successful model of how business and education can work together to create opportunities for our local residents to be successful right here," Pierpont President Dr. Johnny Moore said in the release. "Pierpont is one of the most versatile higher education institutions in North Central West Virginia. And, we are an integral part of the solution to help our state out of the current economic hardships."

Half of the grant will be awarded this year and half will be awarded next year. The presentation for the first half of the grant will be 8:30 a.m. Thursday at the Advanced Technology Center, at 500 Galliher Drive, Fairmont, the release said.

FirstEnergy's president of West Virginia Operations, Holly Kauffman, Pierpont Moore, FirstEnergy Community Involvement Manager Rosemary Spoljarick and First Energy External Affairs Manager Allen Staggers are expected to be at the ceremony, according to the release.

Pierpont has been partnered with the FirstEnergy Foundation since 2012. Since creation of the partnership, FirstEnergy has invested almost $240,000 of in-kind contributions to support Pierpont programming. The partnership started when Pierpont started providing instruction at FirstEnergy'sPower Systems Institute, or PSI, according to the release.

According to Pierpont's website, PSI is a contractual program with FirstEnergy that offers a curriculum that provides students with a variety of educational activities and experiences that will prepare them for mid-level positions in the electric utility industry as line workers or substation electricians.

Since 2012, almost 140 Pierpont students have graduated from PSI and their collective job placement rate is 100 percent, the release said.

"The PSI program is the pipeline that ensures we have well-trained, highly skilled employees to provide safe, reliable electric service for our customers, Kauffman said in the release.

Email Michelle Dillon at [email protected]


(c)2017 the Times West Virginian (Fairmont, W. Va.)

Visit the Times West Virginian (Fairmont, W. Va.) at www.timeswv.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2017 14 646 M
EBIT 2017 2 975 M
Net income 2017 1 215 M
Debt 2017 16 496 M
Yield 2017 4,77%
P/E ratio 2017 11,16
P/E ratio 2018 11,62
EV / Sales 2017 2,03x
EV / Sales 2018 2,00x
Capitalization 13 188 M
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Charles E. Jones President, Chief Executive Officer & Director
George M. Smart Non-Executive Chairman
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