JCP

JAB’s Pet Insurance Business to Acquire Global Pet Insurance Operations of Fairfax Financial, Expanding Its Presence in the Fast-Growing Industry

Retrieved on: 
Monday, June 20, 2022
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While we have sold our pet insurance business to JAB, we will invest $200 million in their JCP V to become their partners.

Key Points: 
  • While we have sold our pet insurance business to JAB, we will invest $200 million in their JCP V to become their partners.
  • We expect JAB to soon become leaders in pet healthcare and pet insurance globally.
  • Todays transaction is a major milestone for us in our mission to become a global leader in pet insurance and the pet health ecosystem, said Dirk Beeckman, CEO of JABs pet insurance portfolio.
  • It also is a majority shareholder in Pet Partners, Inc., which distributes and administers through world-class pet insurance brands AKC Pet Insurance and its worksite brand, PetPartners.

FirstEnergy to Donate 1,600 Trees Across New Jersey in 2022

Retrieved on: 
Thursday, May 5, 2022
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Working with local community organizations, employees of FirstEnergy and Jersey Central Power & Light (JCP&L), a FirstEnergy subsidiary, volunteer to plant the donated trees, which include different species of maple, cedar and white oak, among others.

Key Points: 
  • Working with local community organizations, employees of FirstEnergy and Jersey Central Power & Light (JCP&L), a FirstEnergy subsidiary, volunteer to plant the donated trees, which include different species of maple, cedar and white oak, among others.
  • With their expertise, the trees are placed in locations that are safely away from power lines and other utility infrastructure.
  • "Planting trees is an important part of our commitment to sustainability," said James Fakult, president of FirstEnergy's New Jersey operations.
  • Since April 2021, FirstEnergy has donated and planted more than 17,000 trees throughout its five-state service territory.

JCP&L's 2022 Tree-Trimming Program Underway to Enhance Service Reliability

Retrieved on: 
Tuesday, May 3, 2022
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MORRISTOWN, N.J., May 3, 2022 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is trimming trees across its 13-county service territory as part of its ongoing efforts to help enhance electric service reliability. This year's $40 million program will help keep power flowing to customers by helping to reduce tree-related outages, such as those that can occur during severe weather.  

Key Points: 
  • MORRISTOWN, N.J., May 3, 2022 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), is trimming trees across its 13-county service territory as part of its ongoing efforts to help enhance electric service reliability.
  • This year's $40 million program will help keep power flowing to customers by helping to reduce tree-related outages, such as those that can occur during severe weather.
  • Nearly 20,000 dead and dying ash trees have been removed in JCP&L's service area, primarily in northern New Jersey, since the initiative began in 2017.
  • Follow JCP&L on Twitter @JCP_L ,on Facebook at www.facebook.com/JCPandL, or online at www.jcp-l.com
    FirstEnergy is dedicated to integrity, safety, reliability and operational excellence.

Oracle Announces Java 18

Retrieved on: 
Tuesday, March 22, 2022
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AUSTIN, Texas, March 22, 2022 /PRNewswire/ -- Oracle today announced the availability of Java 18, the latest version of the world's number one programming language and development platform. Java 18 (Oracle JDK 18) delivers thousands of performance, stability, and security improvements, including nine enhancements to the platform that will further improve developer productivity.

Key Points: 
  • Java 18 (Oracle JDK 18) delivers thousands of performance, stability, and security improvements, including nine enhancements to the platform that will further improve developer productivity.
  • "The release of Java 18 demonstrates Oracle's continued commitment to provide enterprises and developers faster access to enhancements with the six-month feature release cadence," said Georges Saab, Vice President of Development, Java Platform Group, Oracle.
  • Oracle recently introduced Java Management Service (JMS), a new Oracle Cloud Infrastructure (OCI) native service to help manage Java runtimes and applications on-premises or on any cloud.
  • Java 18 is the latest release under Java's six-month release cadence and is the result of extensive collaboration between Oracle engineers and other members of the worldwide Java developer community via the OpenJDK Project and the Java Community Process (JCP).

JCP&L President Jim Fakult Named to New Jersey "Power" Lists

Retrieved on: 
Thursday, March 17, 2022
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MORRISTOWN, N.J., March 17, 2022 /PRNewswire/ -- Jim Fakult, president of New Jersey Operations for FirstEnergy Corp. (NYSE: FE) and its subsidiary Jersey Central Power & Light (JCP&L), has been named to the ROI-NJ and NJBiz "power" lists for his leadership of the state's second-largest electric utility, as well as his role at the New Jersey Chamber of Commerce.

Key Points: 
  • In addition to the Top 50 honor, ROI-NJ included Fakult in their Power List 2022: New Jersey Executives lineup.
  • Fakult has also been named to the NJBiz 2022 Power 100 list, an annual list of the men and women who are creating New Jersey's future.
  • In addition to his leadership roles at JCP&L and the New Jersey Chamber of Commerce, Fakult serves on the board of the Alliance for Action, Choose New Jersey and the New Jersey Utilities Association.
  • Editor's Note:A photo of Jim Fakult, president of JCP&L, is available for download on Flickr .

JCP&L Honored for Work on Energy Construction Project by New Jersey Alliance for Action

Retrieved on: 
Friday, March 4, 2022
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JCP&L was one of 10 collaborating organizations on the project that were recognized with the award.

Key Points: 
  • JCP&L was one of 10 collaborating organizations on the project that were recognized with the award.
  • Completed near the end of 2021, Atlantic Health System's project included the installation of a natural gas power-generating turbine at Morristown Medical Center.
  • "The teamwork on this project proves that when great organizations work closely together, there is nothing we can't do to improve our towns, counties and state."
  • It is an engineering marvel," said Jerry Keenan, president of the New Jersey Alliance for Action, based in Edison.

JCP&L Welcomes Amy Overman as New External Affairs Consultant

Retrieved on: 
Wednesday, February 16, 2022
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HOLMDEL, N.J., Feb. 16, 2022 /PRNewswire/ --Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has named Amy Overman to the role of external affairs consultant to serve as a liaison with elected officials and support local community involvement activities.

Key Points: 
  • HOLMDEL, N.J., Feb. 16, 2022 /PRNewswire/ --Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has named Amy Overman to the role of external affairs consultant to serve as a liaison with elected officials and support local community involvement activities.
  • She will work out of JCP&L's Washington facility, serving all or parts of Hunterdon and Warren counties.
  • Overman joins JCP&L after a 14-year career in the New Jersey legislature, including a decade working within the 25th legislative district.
  • She served as chief of staff to the late Sen. Anthony R. Bucco for nine years and spent one year working under Assemblywoman Aura Dunn.

Second Cohort Approved for Jewish Community Professional High School Tuition Grant

Retrieved on: 
Tuesday, January 11, 2022
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ATLANTA, Jan. 11, 2022 /PRNewswire-PRWeb/ --The Jewish Community Professional High School Tuition Fund has announced it will support a second cohort of students who begin enrollment at an eligible Atlanta Jewish high school in the 2022-2023 school year.

Key Points: 
  • ATLANTA, Jan. 11, 2022 /PRNewswire-PRWeb/ --The Jewish Community Professional High School Tuition Fund has announced it will support a second cohort of students who begin enrollment at an eligible Atlanta Jewish high school in the 2022-2023 school year.
  • The JCP Tuition Grant offers up to a 50 percent tuition discount for a SACS- or SAIS-accredited Atlanta Jewish high school to those who work full time for the Atlanta Jewish community as Jewish community professionals, clergy, or educators.
  • These students will continue receiving the grant for the duration of their attendance at an eligible, participating Jewish high school.
  • The JCP High School Tuition Grants are funded by members of the Atlanta Jewish community in appreciation for the many contributions made by Jewish community professionals.

FirstEnergy Adds Cleaner-Powered Hybrid Electric Bucket Trucks to Help Reduce Greenhouse Gas Emissions

Retrieved on: 
Wednesday, December 15, 2021
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AKRON, Ohio, Dec. 15, 2021 /PRNewswire/ -- As part of FirstEnergy Corp.'s (NYSE: FE) efforts to reduce greenhouse gas (GHG) emissions, the first cleaner-powered hybrid electric bucket trucks in its vehicle fleetwill beon the road soon, helping to provide reliable electric service to Jersey Central Power & Light (JCP&L)customers inNew Jersey.

Key Points: 
  • AKRON, Ohio, Dec. 15, 2021 /PRNewswire/ -- As part of FirstEnergy Corp.'s (NYSE: FE) efforts to reduce greenhouse gas (GHG) emissions, the first cleaner-powered hybrid electric bucket trucks in its vehicle fleetwill beon the road soon, helping to provide reliable electric service to Jersey Central Power & Light (JCP&L)customers inNew Jersey.
  • A total of five new hybrid electric bucket trucks are receiving final inspections at JCP&L line shops three in Flemington and one each in Washington and Newton.
  • Hybrid bucket trucks reduce emissions using a high-capacity battery pack motor to power the hydraulic lift rather than idling the diesel engine.
  • "These hybrid electric bucket trucks are the first of many that will be added to the FirstEnergy utility fleet in the coming years, substantially reducing emissions while supporting the exceptional service we provide to our customers," said Samuel Belcher, senior vice president, Operations, FirstEnergy.

FirstEnergy Invests in Venture Capital Fund to Help Advance Sustainable Energy Innovation

Retrieved on: 
Tuesday, December 14, 2021
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Through this and other funds, EIP brings leading utility, energy, real-estate and industrial companies together with sustainable energy entrepreneurs to help finance, develop and deploy technologies to leadthe transition to a sustainable future.

Key Points: 
  • Through this and other funds, EIP brings leading utility, energy, real-estate and industrial companies together with sustainable energy entrepreneurs to help finance, develop and deploy technologies to leadthe transition to a sustainable future.
  • As a limited partner in EIP Fund II, FirstEnergy joins with leading utilities and other companies to provide more than $1 billion in capital commitments to the initiative.
  • In July, FirstEnergy became a partner in EIP's Elevate Future Fund, which is focused on expanding venture capital access and opportunities for underrepresented sustainable energy entrepreneurs.
  • Together, the facilities would generate 50 megawatts of clean, renewable energy to help make West Virginia more attractive for business development.