• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    FirstEnergy Names Executives to Lead State Electric Companies and Transmission Business

    5/21/24 11:00:00 AM ET
    $FE
    Electric Utilities: Central
    Utilities
    Get the next $FE alert in real time by email

    Business unit leaders with expanded executive responsibilities to support better execution and customer investments at the local level

     Jim Fakult, President, New Jersey Operations, to retire after 37 years of service

    AKRON, Ohio, May 21, 2024 /PRNewswire/ -- To help drive its transformation to a premier electric company, FirstEnergy Corp. (NYSE:FE) today announced the appointment of four new executives to oversee the company's Ohio, Pennsylvania and New Jersey state electric company businesses and its stand-alone transmission companies:

    FirstEnergy Corp. Logo (PRNewsfoto/FirstEnergy Corp.)

    • John Hawkins – President, Pennsylvania, effective June 2
    • Torrence Hinton – President, Ohio, effective June 24
    • Doug Mokoid – President, New Jersey, effective June 17
    • Mark Mroczynski – President, Transmission, effective June 2

    The company is in the final stages of selecting an executive to oversee its combined West Virginia/Maryland division and expects to announce the appointment in the near term.

    These four executives will report to Wade Smith, President, FirstEnergy Utilities. Each leader will help execute FirstEnergy's new business structure that shifts decision making and accountability closer to customers.

    The executives leading these state businesses will be accountable for operational excellence and "profit-and-loss" financial performance, as well as regulatory strategy and outcomes in their jurisdictions. This structure will foster better execution and customer investment at the local level, where it will make a positive difference in the communities served by FirstEnergy's electric companies.

    Mroczynski will lead the strategic direction and efficient operation of FirstEnergy Transmission, LLC (FET) assets – American Transmission Systems, Incorporated (ATSI), Mid-Atlantic Interstate Transmission (MAIT) and Trans-Allegheny Interstate Line Company (TrAILCo) – as well as assets owned by Keystone Appalachian Transmission Company (KATCo.) He will be responsible for profit and loss of the transmission business, directing transmission's regulatory and policy strategy and building consensus and collaboration with transmission business investors.

    Wade Smith, President, FirstEnergy Utilities: "This group of dynamic executives has the experience and knowledge to help our state and transmission businesses execute on our investment plan while elevating the customer experience and achieving successful financial and regulatory outcomes. Their proven track records include driving financial and operational performance and accountability, a commitment to continuous improvement and the ability to lead organizations through change. They champion safety, transparency and financial discipline and model FirstEnergy's core values and behaviors, which are foundational to FirstEnergy's vision for the future."

    Jim Fakult, President, New Jersey Operations, has decided to retire after 37 years of service, including 11 years in his current role. He will remain with the company through September 1 as Mokoid transitions into his new role.

    Smith: "I thank Jim for his many contributions during his career at FirstEnergy. Through his leadership at JCP&L and his extensive involvement in business and community initiatives, Jim has made a positive difference for our customers and communities."

    John Hawkins Biography

    Hawkins joined FirstEnergy in 2022 as Vice President, Operations Support & Distribution Engineering, overseeing numerous departments that support distribution, transmission and customer experience functions. Prior to FirstEnergy, he served in a variety of leadership roles in operations at Entergy Louisiana, including Vice President of Reliability, where he was the incident commander for major restoration events following hurricanes Laura and Ida. He also has held operational and engineering positions of increasing responsibility in transmission and distribution with NextEra/Florida Power & Light, Lone Star Transmission and Duke Energy.

    Hawkins earned a Bachelor of Science degree in electrical engineering technology from Purdue University and a Master of Business Administration from Indiana University. He is a licensed professional engineer in Ohio and Texas.

    Torrence Hinton Biography

    Hinton joins FirstEnergy from WEC Energy Group, where he serves as President of its Peoples Gas and North Shore Gas companies in Chicago and northern Illinois. He joined Peoples Gas in 1999, progressing through several roles with increasing responsibility before being named to the company's top leadership team. Prior to his most recent position, Hinton was Vice President, Operations, at Peoples Gas, responsible for public and employee safety, regulatory compliance, operational excellence, financial performance and top-tier customer service.

    Hinton holds a Bachelor of Science degree in mechanical engineering from the Illinois Institute of Technology, a Master of Science degree in mechanical engineering from the University of Illinois at Chicago and a master's degree in business administration with a concentration in strategy and leadership from the University of Chicago Booth School of Business.

    He is active in numerous community, educational and industry organizations, serving on the boards of Chicago Commons, Chicago United, Chicago Urban League, Chicagoland Chamber of Commerce, Illinois Utilities Business Diversity Council, Navy Pier, United Way of Metro Chicago (Vice Chair) and World Business Chicago. He is an active member of the Commercial Club of Chicago and its Civic Committee, The Economic Club of Chicago and Youth Guidance's BAM Advisory Council. Hinton has achieved numerous leadership recognitions and awards, including as a 2023 recipient of Chicago United's Business Leaders of Color award and the Ada S. McKinley Community Services' Legacy award.

    Doug Mokoid Biography

    Mokoid comes to FirstEnergy from Atlantic City Electric/Delmarva Power (an Exelon Company), where he serves as Vice President & Region President responsible for shaping company regulatory and legislative strategies while building meaningful relationships with internal and external stakeholders. His prior role was Director of Operations for Atlantic City Electric, where he developed and implemented strategies to improve safety, reliability, customer satisfaction performance and employee engagement.

    Mokoid has also held construction, maintenance and safety leadership positions with Philadelphia-based PECO and as a lead engineer with Public Service Electric and Gas.

    A graduate of Rutgers University, Mokoid received a bachelor's in mechanical engineering and his juris doctorate degree. He is on the board of directors of the New Jersey Chamber of Commerce, the Delaware State Chamber of Commerce, New Jersey Utility Association and the Drumthwacket Foundation. Mokoid is also a member of the Delaware Business Roundtable and a trustee of the Atlantic Cape Foundation.

    Mark Mroczynski Biography

    Currently the Acting Vice President, Operations, for FirstEnergy, over the past year Mroczynski has led a series of major business units including Transmission and Distribution Operations, Information Technology/Cyber Security, Transformation, External Affairs and Corporate Affairs & Community Involvement. He joined the company in 2004 in Fossil Generation, serving in technical services roles at power plants before being promoted to Director of Operations for Ohio Edison/Penn Power in 2008. He also has held senior leadership positions in Construction & Design Services and Transmission Programs, helping establish and develop FirstEnergy's transmission investment program into a premier transmission business.

    Prior to FirstEnergy, Mroczynski worked in operations, engineering and supply chain at J&L Specialty Steel, Inc.

    Mroczynski earned a Bachelor of Science in mechanical engineering from The University of Akron and an Executive MBA from Kent State University. He is a registered professional engineer in Ohio and Pennsylvania.

    Active in the industry and community, Mroczynski is a board member of FET, JCP&L and Grid Assurance, LLC. He is involved in the North American Transmission Forum, EPRI, Lean Construction Institute, and the Association of Edison Illuminating Companies. He is a Founding Director of the Association of Iron and Steel Engineers. Mroczynski also serves on the boards of Embracing Futures, LLC, the Lake Erie Council of the Boy Scouts of America and the International Soap Box Derby, where he is a former Chair.

    FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at firstenergycorp.com and on X, formerly known as Twitter, @FirstEnergyCorp.

    Editor's Note: Professional photos of Hawkins, Hinton, Mokoid and Mroczynski are available for download on Flickr.

    (052124)

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-names-executives-to-lead-state-electric-companies-and-transmission-business-302151505.html

    SOURCE FirstEnergy Corp.

    Get the next $FE alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $FE

    DatePrice TargetRatingAnalyst
    4/23/2025$45.00Underperform → Neutral
    BofA Securities
    1/23/2025Outperform → Peer Perform
    Wolfe Research
    12/12/2024$50.00Sector Perform → Sector Outperform
    Scotiabank
    10/31/2024Buy → Neutral
    Seaport Research Partners
    10/14/2024$46.00Hold
    Jefferies
    9/20/2024$50.00Hold → Buy
    Argus
    4/10/2024$45.00Buy
    Goldman
    8/23/2023$37.00Equal Weight
    Barclays
    More analyst ratings

    $FE
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SVP, CFO and Strategy K. Jon Taylor sold $516,360 worth of shares (12,000 units at $43.03), decreasing direct ownership by 11% to 99,919 units (SEC Form 4)

      4 - FIRSTENERGY CORP (0001031296) (Issuer)

      5/9/25 5:14:38 PM ET
      $FE
      Electric Utilities: Central
      Utilities
    • SEC Form 4 filed by Director Williams Melvin D.

      4 - FIRSTENERGY CORP (0001031296) (Issuer)

      4/3/25 5:31:42 PM ET
      $FE
      Electric Utilities: Central
      Utilities
    • Director Turner Leslie M was granted 1,056 shares, increasing direct ownership by 23% to 5,553 units (SEC Form 4)

      4 - FIRSTENERGY CORP (0001031296) (Issuer)

      4/3/25 5:30:14 PM ET
      $FE
      Electric Utilities: Central
      Utilities

    $FE
    SEC Filings

    See more
    • SEC Form 10-Q filed by FirstEnergy Corp.

      10-Q - FIRSTENERGY CORP (0001031296) (Filer)

      4/30/25 5:12:28 PM ET
      $FE
      Electric Utilities: Central
      Utilities
    • FirstEnergy Corp. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - FIRSTENERGY CORP (0001031296) (Filer)

      4/23/25 4:22:52 PM ET
      $FE
      Electric Utilities: Central
      Utilities
    • SEC Form SCHEDULE 13G filed by FirstEnergy Corp.

      SCHEDULE 13G - FIRSTENERGY CORP (0001031296) (Subject)

      4/14/25 4:48:40 PM ET
      $FE
      Electric Utilities: Central
      Utilities

    $FE
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Programs and Tools Available to Help FirstEnergy West Virginia Customers Manage Electric Bills

      FAIRMONT, W.V., May 14, 2025 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE:FE), are sharing tips, tools and programs to help customers manage their energy use and budget during periods of high demand and all year long.  As seasons change and the region experiences periods of extreme cold or heat, it's not uncommon for customers to use more energy as heating and cooling systems work harder and longer, often leading to higher electric bills. By taking some simple steps to use electricity wisely throughout the home and exploring available b

      5/14/25 2:00:00 PM ET
      $FE
      Electric Utilities: Central
      Utilities
    • Potomac Edison Provides Maryland Customers Programs and Tools to Manage Electric Bills

      WILLIAMSPORT, Md., May 14, 2025 /PRNewswire/ -- Spring is in full swing, a welcome change after this winter's sub-zero temperatures. As spring turns to summer, energy use and costs can often increase as cooling systems work harder to keep homes comfortable. Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE:FE), is sharing tips and tools to help customers manage their energy use and budget during periods of high demand and all year long.   Jim Myers, FirstEnergy President, West Virginia and Maryland: "We know that managing costs is important to our customers, and we're co

      5/14/25 1:23:00 PM ET
      $FE
      Electric Utilities: Central
      Utilities
    • Advanced LiDAR Technology Being Used to Enhance Vegetation Management Across FirstEnergy's Footprint

      AKRON, Ohio, May 14, 2025 /PRNewswire/ -- Advanced Light Detection and Ranging (LiDAR) technology has been deployed across FirstEnergy Corp.'s (NYSE:FE) service area to more effectively manage hard-to-reach trees and vegetation along 7,100 miles of high-voltage power lines. The work began this month and will continue through the fall. LiDAR inspections are conducted using helicopters equipped with laser-based sensors that scan the landscape from above. As the aircraft flies along the power line corridors, the system emits rapid laser pulses toward the ground and surrounding ob

      5/14/25 9:35:00 AM ET
      $FE
      Electric Utilities: Central
      Utilities

    $FE
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • FirstEnergy upgraded by BofA Securities with a new price target

      BofA Securities upgraded FirstEnergy from Underperform to Neutral and set a new price target of $45.00

      4/23/25 8:11:54 AM ET
      $FE
      Electric Utilities: Central
      Utilities
    • FirstEnergy downgraded by Wolfe Research

      Wolfe Research downgraded FirstEnergy from Outperform to Peer Perform

      1/23/25 7:45:09 AM ET
      $FE
      Electric Utilities: Central
      Utilities
    • FirstEnergy upgraded by Scotiabank with a new price target

      Scotiabank upgraded FirstEnergy from Sector Perform to Sector Outperform and set a new price target of $50.00

      12/12/24 8:55:12 AM ET
      $FE
      Electric Utilities: Central
      Utilities

    $FE
    Financials

    Live finance-specific insights

    See more

    $FE
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • FirstEnergy Announces First Quarter 2025 Financial Results

      Reports significant improvement in first quarter 2025 GAAP earnings of $0.62 per share and Core Earnings (non-GAAP) of $0.67 per share, versus 2024 GAAP earnings of $0.44 per share and Core Earnings of $0.49 per share On track with 2025 $5 billion investment plan with more than $1 billion in customer-focused capital investments in the first quarter, supporting five-year Energize365 program of $28 billion through 2029 Affirms full-year 2025 Core Earnings guidance of $2.40 to $2.60 per share and 6-8% compounded annual Core Earnings growth rate target from 2025 through 2029 AKRON, Ohio, April 23, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) today reported first quarter 2025 GAAP earnings o

      4/23/25 4:20:00 PM ET
      $FE
      Electric Utilities: Central
      Utilities
    • FirstEnergy to Webcast First Quarter Earnings Teleconference

      AKRON, Ohio, April 2, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) will release financial results for the first quarter of 2025 after markets close on Wednesday, April 23. These results will be discussed by FirstEnergy management during a conference call with financial analysts at 9 a.m. EDT on Thursday, April 24. A question-and-answer session will follow.    Investors, customers and other interested parties are invited to listen to a live webcast of the call and view presentation slides via FirstEnergy's Investor Information website, www.firstenergycorp.com/ir. The webcas

      4/2/25 11:00:00 AM ET
      $FE
      Electric Utilities: Central
      Utilities
    • FirstEnergy Corp. Declares Increased Quarterly Common Stock Dividend of $0.445 Per Share

      Represents 2025 annual rate of $1.78 per share, pending continued Board approval; Compares to $1.70 per share in 2024 declared dividends  AKRON, Ohio, March 19, 2025 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE:FE) today declared a quarterly dividend of $0.445 per share of outstanding common stock payable June 1, 2025, to shareholders of record at the close of business on May 7, 2025. "We are pleased to announce our third dividend increase since September 2023, reflecting our commitment to delivering shareholder value," said Brian X. Tierney, Board Chair,

      3/19/25 4:20:00 PM ET
      $FE
      Electric Utilities: Central
      Utilities
    • Amendment: SEC Form SC 13G/A filed by FirstEnergy Corp.

      SC 13G/A - FIRSTENERGY CORP (0001031296) (Subject)

      11/13/24 12:54:34 PM ET
      $FE
      Electric Utilities: Central
      Utilities
    • Amendment: SEC Form SC 13G/A filed by FirstEnergy Corp.

      SC 13G/A - FIRSTENERGY CORP (0001031296) (Subject)

      10/23/24 7:27:21 PM ET
      $FE
      Electric Utilities: Central
      Utilities
    • SEC Form SC 13G/A filed by FirstEnergy Corp. (Amendment)

      SC 13G/A - FIRSTENERGY CORP (0001031296) (Subject)

      2/13/24 4:55:49 PM ET
      $FE
      Electric Utilities: Central
      Utilities

    $FE
    Leadership Updates

    Live Leadership Updates

    See more
    • FirstEnergy Ohio Utilities' Competitive Bidding Process Auction: Information Session for Prospective Bidders on Wednesday, May 7, 2025

      CRA International, Inc. (NASDAQ:CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.'s (NYSE:FE) Ohio subsidiaries – Ohio Edison, The Illuminating Company and Toledo Edison – to procure full requirements service for their Standard Service Offer customers. The auction process will lead up to the auction scheduled for June 24, 2025. The bidding process will use a descending-price clock auction format. The auction will be managed by the Auction Manager, CRA International, Inc. The auction is being conducted pursuant to approval from the Public Utilities Commission of Ohio

      4/29/25 8:30:00 AM ET
      $CRAI
      $FE
      Other Consumer Services
      Consumer Discretionary
      Electric Utilities: Central
      Utilities
    • FirstEnergy Names Executives to Support Transmission Business, West Virginia/Maryland and New Jersey

      Key leadership positions align with core business model focused on enhancing system investments and customer experience at the local level AKRON, Ohio, April 21, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE:FE) has announced the appointment of four new executives to support the company's transmission business, operations and generation in its combined West Virginia/Maryland division and operations in New Jersey. Satvir Deol has been named Vice President, Transmission Operations, effective April 21, reporting to Mark Mroczynski, President, Transmission. He will oversee transmis

      4/21/25 11:30:00 AM ET
      $FE
      Electric Utilities: Central
      Utilities
    • FirstEnergy Ohio Utilities' Competitive Bidding Process Auction: Information Session for Prospective Bidders on Tuesday, December 3, 2024

      CRA International, Inc. (NASDAQ:CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.'s (NYSE:FE) Ohio subsidiaries – Ohio Edison, The Illuminating Company and Toledo Edison – to procure full requirements service for their Standard Service Offer customers. The auction process will lead up to the auction scheduled for January 21, 2025. The bidding process will use a descending-price clock auction format. The auction will be managed by the Auction Manager, CRA International, Inc. The auction is being conducted pursuant to approval from the Public Utilities Commission of

      11/26/24 8:30:00 AM ET
      $CRAI
      $FE
      Other Consumer Services
      Consumer Discretionary
      Electric Utilities: Central
      Utilities