FirstEnergy subsidiary Jersey Central Power and Light has reached a settlement in its base rate review currently pending with the New Jersey Board of Public Utilities. “If approved by the BPU, the settlement will help JCP&L invest in enhancements that further strengthen electrical infrastructure to benefit its 1.1 million customers while allowing the company to continue recovering its investments in restoring electricity to customers following storms and severe weather,” the company said in a statement.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FE:
- FirstEnergy price target raised to $43 from $39 at Evercore ISI
- Guggenheim says buy these utility stocks for 2024 outperformance
- FirstEnergy subsidiary submits School Bus Pilot Program proposal to Maryland PSC
- FirstEnergy price target raised to $39 from $35 at Barclays
- The utility stocks to own in 2024, according to KeyBanc