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FE

FirstEnergy

$33.34

-0.32 (-0.95%)

14:52
05/17/18
05/17
14:52
05/17/18
14:52

Met-Ed says service restored to over 45,000 customers

Service has been restored to more than 45,000 Metropolitan Edison Company customers who lost power following the damaging thunderstorms that hit the region late Monday. Currently, approximately 14,000 customers remain out of service from wind gusts approaching 70 mph, with the hardest hit areas including Stroudsburg and Easton. The restoration effort includes more than 1,500 Met-Ed linemen, electrical contractors, FirstEnergy utility personnel, damage assessors, hazard responders, forestry supervisors, and dispatchers that are on the ground. Additional resources also are en route. To handle the influx of outside workers, Met-Ed has set up a staging site in Shawnee, an area that sustained substantial damage to the electric system. The main priority for Met-Ed is making repairs to a major substation in the Shawnee area of Smithfield Township, in Monroe County, and a 34.5-kilovolt power line that connects the substation to the grid. About 17 broken poles will need to be replaced, downed wire re-strung, and cross-arms, transformers and other equipment replaced as part of this labor-intensive rebuild effort. Because this substation is in a remote area, specialized, off-road tracked vehicles are being brought in to help expedite the restoration process as a number of the downed poles are in a swampy area. Due to this significant damage, Met-Ed expects customers in the Easton area to be restored by late Friday, and customers in the Stroudsburg area to be restored by late Saturday. Met-Ed is a subsidiary of FirstEnergy.

FE FirstEnergy
$33.34

-0.32 (-0.95%)

01/29/18
WOLF
01/29/18
UPGRADE
WOLF
Outperform
FirstEnergy upgraded to Outperform from Peer Perform at Wolfe Research
02/02/18
UBSW
02/02/18
INITIATION
Target $39
UBSW
Buy
FirstEnergy initiated with a Buy at UBS
UBS analyst Daniel Ford started FirstEnergy with a Buy rating and $39 price target.
04/30/18
WELS
04/30/18
UPGRADE
Target $41
WELS
Outperform
FirstEnergy upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Neil Kalton upgraded FirstEnergy to Outperform and raised his price target for the shares to $41 from $38. The analyst believes the company's valuation discount to peers is "excessive."
05/07/18
MZHO
05/07/18
UPGRADE
Target $36.5
MZHO
Buy
FirstEnergy upgraded to Buy from Neutral at Mizuho
Mizuho analyst Paul Fremont upgraded FirstEnergy to Buy with an increased price target of $36.50. The analyst views the shares as "cheap" at current levels and views FirstEnergy as a potential M&A candidate.

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AYI

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LTS

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SPY

SPDR S&P 500 ETF Trust

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2.31 (0.79%)

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General news
Trump's former lawyer Cohen met with Mueller multiple times, ABC says »

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2.31 (0.79%)

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SCS

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ACAD

Acadia

$19.08

3.97 (26.27%)

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:48
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TSLA

Tesla

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Periodicals
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MCD

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McDonald's

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