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FirstEnergy Foundation Donates $25,000 to American Red Cross

1. FirstEnergy Foundation donated $25,000 to support Red Cross disaster assistance. 2. The donation aids families affected by the recent Ocean County wildfire. 3. JCP&L customers faced power outages; 25,000 were temporarily disconnected for safety. 4. Wildfire threatened structures, with 3,000 residents under mandatory evacuation orders. 5. FirstEnergy showcases commitment to community support through charitable contributions.

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Why Bullish?

This donation enhances FE's community image and social responsibility, potentially attracting investors focused on ethical practices. Historically, companies investing in CSR see positive market responses, indicating increased brand loyalty and customer retention.

How important is it?

The article's focus on community support highlights FE's commitment to social responsibility, aligning with investor interests in sustainable practices. This could lead to increased customer loyalty, positively impacting FE's stock in the long run.

Why Long Term?

Community goodwill and positive public perception build over time, fostering long-term customer loyalty and enhancing the corporate reputation, which can positively influence stock performance in the future.

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Donation in New Jersey region follows Red Cross response to Ocean County wildfire, /PRNewswire/ -- The FirstEnergy Foundation has donated $25,000 to the American Red Cross to support its efforts to offer disaster assistance to families living in communities served by FirstEnergy Corp. (NYSE: FE) electric company Jersey Central Power & Light (JCP&L).The donation comes after the Red Cross provided aid to some of the 5,000 residents who evacuated due to the Jones Road Wildfire, which burned through more than 15,000 acres in parts of JCP&L's Ocean County territory in April. American Red Cross personnel respond to the Jones Road wildfire in Ocean County, NJ. Doug Mokoid, FirstEnergy's President, New Jersey: "When our crews respond to disasters, both in our territory or as part of mutual aid, it is the American Red Cross that is routinely there, providing the support that sustains communities in the immediate aftermath. Last month's wildfire burned close to home for many of our customers and employees, and once again, the Red Cross stepped up when people needed them most." The fast-moving fire threatened more than 1,300 structures and put 3,000 residents in Ocean and Lacey townships under mandatory evacuation orders. Thousands more heeded voluntary orders to find safer ground. JCP&L temporarily shut off power to more than 25,000 customers in the area at the request of the fire's command post for the safety of firefighters.Kim Goetz, Executive Director of the American Red Cross New Jersey Region: "When a quick moving wildfire forced thousands of people to evacuate their Ocean County homes in New Jersey, the Red Cross was there, working with partners to provide temporary shelter, care, comfort and meals to more than 300 people who had no place to go. Our volunteers supported first responders and firefighters as they battled the Jones Road Fire, providing meals, snacks, coffee and other beverages. Without the selfless dedication of volunteers and supporters like the FirstEnergy Foundation, our work is not possible. We're grateful for this incredible donation, which enables the Red Cross to prepare for and respond to disasters big and small."The FirstEnergy Foundation provides support to 501(c)(3) tax-exempt nonprofits, including health and human services agencies, educational organizations, cultural and arts programs and institutions, and civic groups in areas served by FirstEnergy's electric operating companies and in areas where the company conducts business.JCP&L serves 1.1 million customers in the counties of Burlington, Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union and Warren. Follow JCP&L on X @JCP_L, on Facebook at facebook.com/JCPandL or online at jcp-l.com.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 six 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 on X @FirstEnergyCorp or online at firstenergycorp.com.SOURCE FirstEnergy Corp. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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