FirstEnergy Corp. (FE) said 280,000 customers in New Jersey, Pennsylvania and Maryland remain without power as a result of Hurricane Irene, which barreled up the East Coast over the weekend.
FirstEnergy Corp. (FE) said 280,000 customers in
New
Jersey
,
Pennsylvania
and
Maryland
remain without power as a result of Hurricane Irene, which barreled up the East
Coast over the weekend.
The bulk of the remaining outages are at its Jersey Central Power & Light
unit, which has 240,000 customers without power. The outages at Metropolitan
Edison and Pennsylvania Electric Co. total 35,000 and 7,000, respectively.
FirstEnergy said many of the areas still without power experienced severe
flooding, which has hampered the damage assessment and restoration process. Many
of the outages are isolated and will require a significant number of repairs to
bring small numbers of customers back in service.
The company has restored power to more than 640,000, or about 70% of the
920,000 reported outages.
To report an outage, customers should call 1-888-544-4877.
The operator of utilities serving 6 million customers in
Ohio
,
Pennsylvania
and
New
Jersey
faces weak demand and pricing for wholesale
electricity due to tough economic conditions. In February, the company closed
its $4.4 billion acquisition of
Pennsylvania
's
Allegheny Energy Inc. to create one of the largest electricity producers in the
country.
Shares closed at $43.58 and were inactive premarket. The stock has gained 20%
over the past year.
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