/PRNewswire/ Jim Fakult, president of Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has been elected chairman of the.
Slow progress for plan to allow bigger storm fines for utilities
A bill identified as a priority by the head of the Board of Public Utilities that would increase the fines electric companies face for mishandling storms took just one step through the process before most of the Legislature went on recess.
Utility companies that don’t meet standards can be fined $100 a day. The “Reliability, Preparedness and Storm Response Act” would crank that up to $25,000 per violation, up to $2 million per storm, and has been endorsed by the Assembly Homeland Security and State Preparedness Committee.
“It’s clear that I think there’s more that can be done,” said Assemblyman Dan Benson, D-Mercer. “In working with the stakeholders, what we’ve heard is the ability to fine by the BPU is antiquated. And so this bill updates that.”
ROI-NJ and NJ Biz Annually Recognize Leading Influencers of State’s Economy
MORRISTOWN, NJ – Jim Fakult, President of Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has been recognized by ROI-NJ and NJ Biz for leadership of 1,500 dedicated electric industry professionals who keep the power on for more than one million New Jersey customers. The publications named Fakult to their “power” lists published annually to honor the key influencers on New Jersey’s economy.
Fakult was included in the “Executives” sector of ROI-NJ’s “Power List 2021,” where he was described as “A strong leader of JCP&L and a stellar corporate citizen… in line to be the next chair of the state Chamber (of Commerce).”
JCP&L President Jim Fakult Named on Prominent New Jersey Power Lists for 2021 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.