FE

FirstEnergy Ohio Utilities’ PIPP RFP Auction: Information Session for Prospective Bidders on Thursday, March 7, 2024

Retrieved on: 
Thursday, March 7, 2024

The winning PIPP supplier will be obligated to serve all the PIPP load for the 12-month delivery period June 2024 through May 2025.

Key Points: 
  • The winning PIPP supplier will be obligated to serve all the PIPP load for the 12-month delivery period June 2024 through May 2025.
  • The PIPP RFP auction process will be managed by PIPP RFP Manager CRA International, Inc. d/b/a Charles River Associates.
  • The Information Session for prospective bidders is scheduled for Thursday, March 7, 2024.
  • Instructions to join the Webinar session are available on the PIPP RFP Auction Information Website at firstenergypipprfp.com .

Available at B&H Photo: Sony Announces FE 24-50mm F2.8 G Lens, YouTube First Look Video and More Info at B&H

Retrieved on: 
Wednesday, February 21, 2024

As part of Sony’s G series of lenses, this full-frame offering is equipped with many of the brand’s latest optical technologies.

Key Points: 
  • As part of Sony’s G series of lenses, this full-frame offering is equipped with many of the brand’s latest optical technologies.
  • The lens features extra-low dispersion and aspherical glass elements to combat many common aberrations as well as an 11-blade aperture for smooth bokeh.
  • There is a large focusing ring along with a physical aperture ring that can be de-clicked via a switch for smooth exposure changes during video.
  • The FE 24-50mm f/2.8 G lens is designed to last with a moisture- and dust-resistant construction and a fluorine coating on the front element.

JCP&L President Jim Fakult Receives Awards from Morris Habitat for Humanity and ROI-NJ

Retrieved on: 
Friday, February 23, 2024

HOLMDEL, N.J., Feb. 23, 2024 /PRNewswire/ -- Jim Fakult, President of FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power and Light (JCP&L), has been named the recipient of Morris Habitat for Humanity's Community Partner Award for 2024.

Key Points: 
  • HOLMDEL, N.J., Feb. 23, 2024 /PRNewswire/ -- Jim Fakult, President of FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power and Light (JCP&L), has been named the recipient of Morris Habitat for Humanity's Community Partner Award for 2024.
  • Since 2019, the FirstEnergy Foundation has donated more than $23,000 to Morris Habitat for Humanity.
  • Additionally, Fakult has been named to ROI-NJ's Influencers Power List for 2024, earning the 17th spot on the list's Super 60 .
  • Jim Fakult, President of JCP&L: "I am deeply appreciative of both the Morris Habitat for Humanity and ROI-NJ for these honors.

Sony Electronics Announces a New Compact FE 24-50mm F2.8 G Standard Zoom Lens Designed for High Performance and Portability

Retrieved on: 
Wednesday, February 21, 2024

SAN DIEGO, Feb. 21, 2024 /PRNewswire/ -- Sony Electronics is pleased to announce the release of the FE 24-50mm F2.8 G standard zoom lens (SEL2450G), which is compatible with Sony's α™ (Alpha™) cameras. The 72nd addition to the full-frame E-mount lens lineup is extremely compact and lightweight yet maintains high-resolution performance synonymous with Sony's G lens series. With a constant F2.8 maximum aperture, it produces stunning bokeh and enables creative flexibility across the entire zoom range. The versatile 24mm to 50mm focal range, coupled with its compact form, enables users to capture a myriad of scenes including portraits, everyday snapshots, landscapes, and video.

Key Points: 
  • The 72nd addition to the full-frame E-mount lens lineup is extremely compact and lightweight yet maintains high-resolution performance synonymous with Sony's G lens series.
  • "The demand for light and compact standard zoom lenses is increasing, and our new FE 24-50mm F2.8 G lens offers a F2.8 standard zoom option for creators seeking portability, without a sacrifice.
  • It is a lens option ready to go anywhere," said Yang Cheng, Vice President, Imaging Solutions, Sony Electronics Inc. "The FE 24-50mm F2.8 G is our first-ever full-frame F2.8 standard zoom lens in the G series lens lineup.
  • The FE 24-50mm F2.8 G's 11-blade circular aperture and well-controlled spherical aberration creates the beautiful, smooth bokeh known to the G lens series.

Demographics, labor market power and the spatial equilibrium

Retrieved on: 
Tuesday, February 13, 2024

Abstract

Key Points: 
    • Abstract
      This paper studies how demographics affect aggregate labor market power, the urban wage
      premium and the spatial concentration of population.
    • I develop a quantitative spatial model
      in which labor market competitiveness depends on the demographic composition of the local
      workforce.
    • If these factors differ across workers, labor market power has a role to
      play in explaining wage inequality.
    • This paper contributes to the literature on differences in labor market power by analyzing a
      new dimension of heterogeneity: demographics.
    • Since older workers are less mobile in terms of
      switching workplaces, firms have more labor market power over older workers.
    • I start by estimating labor market power by measuring the sensitivity of worker turnover to
      the wage paid.
    • I find a strong
      role of demographics in determining the degree of labor market power enjoyed by firms.
    • Next, I provide evidence of the importance of differences in labor market power for spatial
      wage inequality.
    • To explore the consequences of labor market sorting, I build a spatial general equilibrium
      model in which labor market competitiveness depends on the demographic composition of the

      ECB Working Paper Series No 2906

      2

      local workforce.

    • If these factors differ across workers, labor market power has a role to
      play in explaining wage inequality.
    • In
      the model, geographic sorting by age matters and leads to higher labor market power in rural
      areas, which implies an urban wage premium that is 4% larger than with uniform labor supply
      elasticities.
    • I follow Manning (2013) and estimate labor market power by measuring the sensitivity of worker
      turnover to the wage paid.
    • Bachmann et al., 2021; Ahlfeldt et al., 2022a; Berger et al.,
      2022) that nest a monopsonistic labor market in a spatial general equilibrium model (Redding
      and Rossi-Hansberg, 2017).
    • As firms have more labor market power
      over older workers, they face an upward-sloping labor supply curve that is less elastic in regions
      with an older workforce.
    • Firms choose in which labor market to operate in the sense that there is free
      entry at fixed costs into all locations.
    • How are differences in labor market competitiveness across space sustained in spatial equilibrium?
    • I use the model to quantify the importance of heterogeneity
      in labor market power for the urban wage premium and the spatial concentration of population.
    • My work is complementary to but quite different
      from this paper since I argue that population aging increases labor market power rather than
      product market power.
    • By analyzing the effects of a changing age composition of the workforce in the context
      of labor market power, I relate to literature on the labor market effects of population aging.
    • ECB Working Paper Series No 2906

      7

      after controlling for age, differences in labor market power between East and West Germany
      vanish.

    • They conclude that higher
      concentration is associated with higher labor market power (as in the model of Jarosch et al.,
      forthcoming).
    • I offer an alternative explanation why labor market power differs across regions:
      Since denser regions have a younger workforce, workers are more mobile in terms of switching
      jobs which implies lower labor market power of firms.
    • In this case, I infer a
      high labor supply elasticity and low labor market power of firms.
    • I contribute to this growing debate by
      quantifying differences in labor market power across worker groups and their effects on regional
      inequality.
    • While the model shows how demographics affect labor market power, the urban wage premium and agglomeration, one fundamental question remains open for future research: What
      are the policy implications of (differences in) labor market power?

Meeting the Challenge to Ready Minority Candidates for Utility Careers

Retrieved on: 
Friday, February 9, 2024

GREENSBURG, Pa., Feb. 9, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has awarded an $85,000 grant to the Energy Innovation Center Institute (EICI) to assist with its efforts to recruit, train and prepare diverse candidates from economically distressed Pennsylvania communities for apprenticeships and similar programs offered by electric, natural gas, communication and water utilities throughout the state.

Key Points: 
  • FirstEnergy's corporate grant will supplement EICI resources for computers, training equipment, training stipends and curriculum development to help diverse candidates to be ready to complete a utility apprenticeship program if selected.
  • Pittsburgh-headquartered EICI helps address this challenge through its Infrastructure Academy (IA), an innovative critical infrastructure and utility-workforce recruiting and training initiative to position minority candidates for successful utility careers.
  • Candidates are subject to rigorous screening and training for selection to highly competitive apprenticeship and training programs.
  • We are pleased to provide funding to help the Infrastructure Academy establish a pool of diverse candidates ready to enter apprenticeship and job-training programs offered by FirstEnergy and other utility companies.

Let Feelings Fly this Valentine's Day, Not Foil Balloons

Retrieved on: 
Thursday, February 8, 2024

AKRON, Ohio, Feb. 8, 2024 /PRNewswire/ -- As Valentine's Day approaches, FirstEnergy Corp. (NYSE: FE) is reminding customers to handle helium-filled foil balloons safely to keep the energy alive this season and year-round. While the company experienced a decrease in the number of balloon-related outages in recent years, foil balloons continue to cause power outages when released outdoors because their metallic coating conducts electricity and poses a risk to the electric system.

Key Points: 
  • February typically marks the onset of a dramatic increase in outages caused by metallic balloons that have floated off from their owners.
  • The balloons often accompany popular Valentine's Day gifts like chocolates, flowers and cards.
  • Last year, foil balloons were to blame for 108 power outages across FirstEnergy's six-state service area.
  • Securely tie helium-filled metallic balloons to a weight that is heavy enough to prevent them from floating away.

FirstEnergy Ohio Utilities’ Competitive Bidding Process Auction: Information Session for Prospective Bidders on Thursday, February 8, 2024

Retrieved on: 
Tuesday, February 6, 2024

The auction process will lead up to the auction scheduled for March 19, 2024.

Key Points: 
  • The auction process will lead up to the auction scheduled for March 19, 2024.
  • The Information Session for prospective bidders for the February auction is scheduled for Thursday, February 8, 2024.
  • Part 1 Applications from prospective bidders will be accepted starting February 9, 2024, and are due no later than February 20, 2024.
  • For successful Part 1 applicants, the submission window for the Part 2 Application process will begin on February 23, 2024.

FE International Unveils 2024 Digital Media M&A Report: Navigating Opportunities in a Resilient Market

Retrieved on: 
Tuesday, January 30, 2024

NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Leading digital media mergers and acquisitions advisory firm, FE International, released its highly anticipated 2024 Digital Media M&A Report.

Key Points: 
  • NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Leading digital media mergers and acquisitions advisory firm, FE International, released its highly anticipated 2024 Digital Media M&A Report.
  • Specifically at FE International, we are seeing increased activity in the ed-tech, ad-tech, and digital agency industries.
  • Key Takeaways from the 2024 Digital Media M&A Report:
    Generative AI's Impact: The rise of generative AI is reshaping the digital media space, ushering in a fundamental restructuring in the industry’s value chain.
  • Rooted in robust, data-driven insights, the analysis provided in FE International's 2024 Digital Media M&A Report offers a clear portrayal of the trends, shifts, and opportunities shaping the Digital Media market.

FE International Announces Acquisition of DotYeti.com, Leading Graphic Design Platform

Retrieved on: 
Friday, January 26, 2024

NEW YORK, Jan. 26, 2024 (GLOBE NEWSWIRE) -- FE International, a global leader in mergers and acquisitions advisory services, is thrilled to announce the successful acquisition of DotYeti, the innovative graphic design platform.

Key Points: 
  • NEW YORK, Jan. 26, 2024 (GLOBE NEWSWIRE) -- FE International, a global leader in mergers and acquisitions advisory services, is thrilled to announce the successful acquisition of DotYeti, the innovative graphic design platform.
  • Businesses are increasingly recognizing the importance of graphic design services as digital content takes center stage in marketing strategies.
  • This strategic acquisition propels DotYeti into a new era of growth and opportunities within the evolving graphic design industry.
  • Thomas Smale, CEO of FE International, commented on the acquisition, stating, "We are thrilled to have played a role in the successful acquisition of DotYeti.com.