US Market News
2週前
Jersey Central Power & Light Company Announces Extension of Exchange Offer for its 4.150% Senior Notes due 2029, 4.400% Senior Notes due 2031 and 5.150% Senior Notes due 2036June 2, 2026 7:20 AM
PR Newswire (US) MORRISTOWN, N.J., June 2, 2026 /PRNewswire/ -- Jersey Central Power & Light Company ("JCP&L" or the "Company") a subsidiary of FirstEnergy Corp., today announced that it had extended its offer (the "exchange offer") to exchange up to (i) $350 million aggregate principal amount of its outstanding 4.150% Senior Notes due 2029, (ii) $500 million aggregate principal amount of its outstanding 4.400% Senior Notes due 2031 and (iii) $500 million aggregate principal amount of its outstanding 5.150% Senior Notes due 2036 (collectively, the "Outstanding Notes") for a like principal amount of each of the Company's (i) 4.150% Senior Notes due 2029, (ii) 4.400% Senior Notes due 2031 and (iii) 5.150% Senior Notes due 2036 (collectively, the "New Notes") registered under the Securities Act of 1933, as amended. The exchange offer, previously scheduled to expire at 5:00 p.m., New York City time, on June 1, 2026, will now expire at 5:00 p.m., New York City time, on June 15, 2026, unless further extended. An aggregate principal amount of $1,344,690.00, or 99.6067%, of the Outstanding Notes, was tendered in the exchange offer as of 5:00 p.m., New York City time, on June 1, 2026.The terms of the exchange offer are set forth in a prospectus dated April 30, 2026. Copies of the prospectus and the other exchange offer documents may be obtained from the exchange agent:THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
By Mail or in Person
The Bank of New York Mellon Trust Company, N.A.
c/o The Bank of New York Mellon
Corporate Trust Reorg Unit
500 Ross Street
Suite 625
Pittsburgh, PA, 15262
Attn: Susanne Michalik
For Email (for Eligible Institutions Only)
Email: ct_reorg_unit_inquiries@bnymellon.com
For Information and to Confirm by Telephone
412-236-4893This news release is for informational purposes only and is neither an offer to buy or sell nor a solicitation of an offer to buy or sell any Outstanding Notes or New Notes. The exchange offer is being made only pursuant to the exchange offer prospectus, which is being distributed to holders of the Outstanding Notes and has been filed with the Securities and Exchange Commission as part of the Company's Registration Statement on Form S-4 (File No. 333-294955), which was declared effective on April 23, 2026.JCP&L serves 1.2 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 Corp. (NYSE: FE) 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.Discussion of Forward-Looking Statements About JCP&L: Statements in this document regarding JCP&L that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, JCP&L undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see JCP&L's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Cautionary Note Regarding Forward-Looking Statements set forth in these filings and any updates to such risk factors and Cautionary Note Regarding Forward-Looking Statements contained in any subsequent reports on Form 10-K, Form 10-Q or Form 8-K. View original content to download multimedia:https://www.prnewswire.com/news-releases/jersey-central-power--light-company-announces-extension-of-exchange-offer-for-its-4-150-senior-notes-due-2029--4-400-senior-notes-due-2031-and-5-150-senior-notes-due-2036--302787724.htmlSOURCE Jersey Central Power & Light Original: Jersey Central Power & Light Company Announces Extension of Exchange Offer for its 4.150% Senior Notes due 2029, 4.400% Senior Notes due 2031 and 5.150% Senior Notes due 2036
US Market News
4週前
Mon Power and Potomac Edison Request Rate Review, Proposing Two Paths to Support Reliability InvestmentsMay 18, 2026 9:15 AM
PR Newswire (US) Residential rates would remain among the lowest in the regionFAIRMONT, W.Va., May 18, 2026 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have asked the Public Service Commission of West Virginia (PSC) to review electric rates so the companies can keep investing in a safe, reliable electric system that is better prepared for severe weather, while keeping costs in mind. The filing includes two options. One is an inflation-based approach that would spread smaller increases over time instead of one larger increase, giving customers more predictability. The other is a traditional rate adjustment based on work already completed to strengthen the electric system and includes a proposed program focused on reliability and future infrastructure investments.Work completed in recent years includes:Upgrades that have reduced the length of outages tied to the high-voltage transmission system in West Virginia by 43.8%.Improvements to key equipment at the Fort Martin and Harrison power stations to help keep power generation safe and reliable.Upgraded poles, power lines and equipment to help the system better withstand storms.Under either option, residential customers would continue to pay the lowest rates among West Virginia's regulated electric utilities. Both proposals would support continued work on power plants, transmission lines and local equipment to help prevent outages and shorten the ones that do happen.Chris Beam, FirstEnergy's President of West Virginia and Maryland: "Our customers count on us every day, especially when the weather is at its worst. This rate review would help us keep improving an aging system by making it more resilient so we can restore power faster when outages happen. We also know customers are watching costs closely, so we're focused on making smart investments that improve service and provide long-term value."Inflation and Investment Adjustment
Mon Power and Potomac Edison are asking the PSC to consider an inflation and investment rate adjustment similar to an approach recently allowed in another utility case. The approach would spread smaller increases over time to help cover investments and inflation instead of a single, larger charge, providing more predictability for customers while supporting continued investments in the electric system.The companies are proposing an adjustment of $76 million, with annual $38 million adjustments effective August 1, 2026, and June 1, 2027. For an average residential customer, this would result in a proposed monthly bill increase of about 3% and 2.9%, respectively. Under this proposal, the companies would not seek another rate review until April 2028.Base Rate Adjustment
As an alternative, under the traditional approach, Mon Power and Potomac Edison have proposed an adjustment of $188 million. The figure includes funding for a reliability and infrastructure improvement initiative to replace older equipment and add new technology to reduce the number and length of outages. It builds on a PSC-approved pilot launched in 2024 that has already cut outage time for customers in rural communities by about four hours a year on average – a 53% reduction.For an average residential customer, the traditional rate adjustment would result in a proposed increase of about 13.9%.Independent Review by PSC
Mon Power and Potomac Edison remain committed to managing costs responsibly and making smart investments that benefit customers. Rate changes must be reviewed and approved by the Public Service Commission before they can take effect. The review process gives the PSC an opportunity to closely examine the proposal and its impact on customers.Mon Power serves about 395,000 customers in 34 West Virginia counties. Follow Mon Power at mon-power.com, on X @MonPowerWV, and on Facebook at facebook.com/MonPowerWV.Potomac Edison serves about 155,000 customers in the Eastern Panhandle of West Virginia. Follow Potomac Edison at potomacedison.com, on X @PotomacEdison, and on Facebook at facebook.com/PotomacEdison.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 online at firstenergycorp.com and on X @FirstEnergyCorp. View original content to download multimedia:https://www.prnewswire.com/news-releases/mon-power-and-potomac-edison-request-rate-review-proposing-two-paths-to-support-reliability-investments-302774721.htmlSOURCE FirstEnergy Corp. Original: Mon Power and Potomac Edison Request Rate Review, Proposing Two Paths to Support Reliability Investments
US Market News
2月前
FirstEnergy Announces First Quarter 2026 Financial Results, Reaffirms Guidance and Capital Plan to Deliver Value to Customers, Communities and InvestorsApril 28, 2026 4:20 PM
PR Newswire (US)
Reports first quarter 2026 GAAP earnings of $0.70 per share and Core Earnings (non-GAAP) of $0.72 per share Invested nearly $1.4 billion in customer-focused capital, consistent with $6 billion in planned investments in 2026 and 2026-2030 capital investment plan of $36 billionReaffirms 2026 Core Earnings guidance range of $2.62 to $2.82 per share Reaffirms Core Earnings compound annual growth near the top end of 6-8% AKRON, Ohio, April 28, 2026 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported first quarter 2026 GAAP earnings of $405 million, or $0.70 per basic and diluted share, on revenue of $4.2 billion. In the first quarter of 2025, the company reported GAAP earnings of $360 million, or $0.62 per basic and diluted share, on revenue of $3.8 billion. GAAP results for both periods reflect the impact of special items listed below.
Core Earnings (non-GAAP) in the first quarter of 2026 were $0.72 per share, a 7.5% increase compared to Core Earnings of $0.67 per share in the first quarter of 2025."We are off to a great start in 2026," said Brian X. Tierney, FirstEnergy Board Chairman, President and Chief Executive Officer. "Our strong first quarter results reflect the progress we are making as we execute our plan."That momentum is driven by our strategy of making disciplined, customer-focused investments in a reliable and resilient electric grid," Tierney added. "This consistent execution reinforces our confidence in our investment and growth plan and our 2026 outlook."OutlookFirstEnergy reaffirmed its 2026 Core Earnings guidance of $2.62 to $2.82 per share. This outlook is supported by the company's Energize365 capital investment plan of $6 billion in 2026 for distribution infrastructure renewal, grid modernization and significant reliability and resiliency enhancements to the high-voltage transmission system.FirstEnergy's $36 billion Energize365 program for 2026 through 2030 represents an increase of nearly 30% compared to its previous five-year investment plan and results in approximately 10% compounded annual rate base growth through 2030. Based on this plan, the company is reaffirming its long-term Core EPS compounded annual growth near the top end of 6-8% from 2026 to 2030.First Quarter 2026 ResultsCore Earnings growth in the first quarter of 2026 reflects FirstEnergy's formula rate investment returns and strong financial discipline around operating expenses. This financial performance resulted in a consolidated return on equity of 9.8% on a trailing 12-month basis.The company deployed $1.4 billion of customer-focused investments in the first quarter, representing a 33% increase compared to the first quarter of 2025. Ninety percent of that increase was in formula rate investment programs that are focused on improving the reliability and resiliency of the electric grid.In the Distribution segment, first quarter 2026 Core Earnings increased $0.03 per share compared to 2025, primarily due to higher rates and lower operating expenses.In the Integrated segment, first quarter 2026 Core Earnings increased $0.01 per share. The capital investment program drove transmission rate base growth of 19%, resulting in higher transmission earnings. Earnings also benefited from stronger customer demand. This was partially offset by higher storm restoration expenses and increased financing costs to fund investments.In the Stand-Alone Transmission segment, first quarter 2026 Core Earnings increased $0.02 per share, reflecting capital investments that drove an 11% increase in rate base compared to the first quarter of 2025.In Corporate/Other, results decreased slightly due to higher interest expense.
Consolidated GAAP Earnings Per Share (EPS) to Core (Non-GAAP) EPS Reconciliation
Three Months Ended March 31,
20262025
Earnings Attributable to FirstEnergy Corp. (GAAP) - $M
$405$360
Basic EPS (GAAP)
$0.70$0.62
Excluding Special Items:
Net Pension/OPEB credits
(0.02)(0.01)
Investigation and other related costs
0.040.03
Reorganization costs
–0.03
Total Special Items
0.020.05
Core EPS (Non-GAAP)
$0.72$0.67
Per share amounts for the special items above are based on the after-tax effect of each item divided by the number of shares
outstanding for the period. The current and deferred income tax effect was calculated by applying the subsidiaries' statutory tax
rate to the pre-tax amount if deductible/taxable. The income tax rate ranges from 21% to 29%. Basic EPS (GAAP), and Core EPS
(non-GAAP) are based on 578 million shares for the first quarter of 2026 and 577 million shares for the first quarter of 2025.
Non-GAAP Financial Measures We refer to certain financial measures, including Core Earnings (non-GAAP) per share ("Core EPS"), as "non-GAAP financial measures," which are not calculated in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") and exclude the impact of "special items" from earnings attributable to FirstEnergy Corp., as reflected in the table above. Core EPS is calculated based on the weighted average number of common shares outstanding in the respective period.Management uses non-GAAP financial measures, including Core EPS, to evaluate the company's and its segments' performance and manage its operations and frequently references such non-GAAP financial measures in its decision-making, using them to facilitate historical and ongoing performance comparisons. Management believes that Core EPS provides consistent and comparable measures of performance of its businesses on an ongoing basis. Management also believes that this measure is useful to shareholders and other interested parties to understand performance trends and evaluate the company against its peer group by presenting period-over-period operating results without the effect of certain special items that may not be consistent or comparable across periods or across the company's peer group. Core EPS and any other non-GAAP financial measures are intended to complement, and are not considered as alternatives to, the most directly comparable GAAP financial measures, which for Core EPS is EPS attributable to FirstEnergy Corp. (GAAP), as reconciled in the above table. Also, such non-GAAP financial measures may not be comparable to similarly titled measures used by other entities.Special items represent charges incurred or benefits realized that management believes are not indicative of, or may obscure trends useful in evaluating the company's ongoing core activities and results of operations or otherwise warrant separate classification. More detail on special items for the period can be found in the Company's Strategic and Financial Highlights, available at the company's Investor Information website – www.firstenergycorp.com/ir.Forward-Looking Non-GAAP MeasuresA quantitative reconciliation of forward-looking non-GAAP measures, including 2026 Core EPS and Core EPS CAGR projections, to the most directly comparable GAAP measures is not provided because comparable GAAP measures for such measures are not available without unreasonable efforts due to the inherent difficulty in forecasting and quantifying measures that would be necessary for such reconciliation. Specifically, management cannot, without unreasonable effort, predict the impact of these special items in the context of Core EPS guidance and Core EPS CAGR projections because these items, which could be significant, are difficult to predict and may be highly variable. In addition, the company believes such a reconciliation would imply a degree of precision and certainty that could be confusing to investors. Forward-looking statements, including these special items, are based upon current expectations and are subject to factors that could cause actual results to differ materially from those suggested here, including those factors set forth under "Forward-Looking Statements," below.Investor Materials and Teleconference FirstEnergy's Strategic and Financial Highlights presentation is posted on the company's Investor Information website – www.firstenergycorp.com/ir. It can be accessed through the First Quarter 2026 Financial Results link. Important information may be disseminated initially or exclusively via the company's Investor Information website; investors should consult the site to access this information.The company invites investors, customers and other interested parties to listen to a live webcast of its teleconference for financial analysts and view presentation slides at 9:00 a.m. EDT tomorrow, April 29, 2026. FirstEnergy management will present an overview of the company's financial results followed by a question-and-answer session. The teleconference and presentation can be accessed on the Investor Information website by selecting the First Quarter 2026 Earnings Webcast link. The webcast and presentation will be archived on the website.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 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. FirstEnergy's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on X @FirstEnergyCorp.Forward-Looking Statements: This news release includes forward-looking statements based on information currently available to management and unless the context requires otherwise, references to "we," "us," "our" and "FirstEnergy" refers to FirstEnergy Corp. and its subsidiaries. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "forecast," "target," "will," "intend," "believe," "project," "estimate," "plan" and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, which may include the following: the potential liabilities, increased costs and unanticipated developments resulting from government investigations and agreements, including those associated with compliance with or failure to comply with the Deferred Prosecution Agreement entered into July 21, 2021 and settlements with the U.S. Attorney's Office for the Southern District of Ohio and the Securities and Exchange Commission ("SEC"); the risks and uncertainties associated with litigation, including the securities class action lawsuit, regulatory proceedings, arbitration, mediation and similar proceedings; changes in national and regional economic conditions affecting us and/or our customers and the vendors with which we do business, including geopolitical conflicts, recession, volatile interest rates, inflationary pressure, supply chain disruptions, higher fuel costs, and workforce impacts; variations in weather, such as mild seasonal weather variations and severe weather conditions (including events caused, or exacerbated, by climate change, such as wildfires, hurricanes, flooding, droughts, high wind events and extreme heat events) and other natural disasters, which may result in increased storm restoration expenses or material liability and negatively affect future operating results; the potential liabilities and increased costs arising from regulatory actions or outcomes in response to severe weather conditions and other natural disasters; legislative and regulatory developments, and executive orders, including, but not limited to, matters related to rates, generation resource adequacy, co-location of generation and large loads, and compliance and enforcement activity; the ability to access the public securities and other capital and credit markets in accordance with our financial plans, the cost of such capital and overall condition of the capital and credit markets, including the loss of FirstEnergy Corp.'s status as a well-known seasoned issuer; the risks associated with physical attacks, such as acts of war, terrorism, sabotage or other acts of violence, and cyber-attacks and other disruptions to our, or our vendors', information technology system, which may compromise our operations, and data security breaches of sensitive data, intellectual property and proprietary or personally identifiable information; the ability to accomplish or realize anticipated benefits through establishing a culture of continuous improvement and our other strategic and financial goals, including, but not limited to, executing Energize365, our transmission and distribution investment plan, executing on our rate filing strategy, controlling costs, improving credit metrics, maintaining investment grade ratings, strengthening our balance sheet and growing earnings; changing market conditions affecting the measurement of certain liabilities and the value of assets held in our pension trusts may negatively impact our forecasted growth rate, results of operations and may also cause it to make contributions to its pension sooner or in amounts that are larger than currently anticipated; changes in assumptions regarding factors such as economic conditions within our territories, the reliability of our transmission and distribution system, our generation resource planning in West Virginia, or the availability of capital or other resources supporting identified transmission and distribution investment opportunities; human capital management challenges, including among other things, attracting and retaining appropriately trained and qualified employees and labor disruptions by our unionized workforce; changes to environmental laws and regulations, including, but not limited to, federal and state rules related to climate change, coal combustion residuals, and potential changes to such laws and regulations; changes in customers' demand for power, including, but not limited to, economic conditions, development of data centers, the impact of climate change and emerging technology, particularly with respect to electrification, energy storage, co-location of generation and large loads, and distributed sources of generation; future actions taken by credit rating agencies that could negatively affect either our access to or terms of financing or our financial condition and liquidity; the potential of non-compliance with debt covenants in our credit facilities; the ability to comply with applicable reliability standards and energy efficiency and peak demand reduction mandates; changes to significant accounting policies; any changes in tax laws or regulations, including, but not limited to, the Inflation Reduction Act of 2022, the One Big Beautiful Bill Act of 2025, as signed into law on July 4, 2025, or adverse tax audit results or rulings and potential changes to such laws and regulations; the ability to meet our publicly-disclosed goals relating to climate-related matters, opportunities, improvements, and efficiencies, including FirstEnergy's greenhouse gas reduction goals; and the risks and other factors discussed from time to time in FirstEnergy Corp.'s SEC filings. Dividends declared from time to time on FirstEnergy Corp.'s common stock during any period may in the aggregate vary from prior periods due to circumstances considered by the FirstEnergy Corp. Board at the time of the actual declarations. A security rating is not a recommendation to buy or hold securities and is subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating. These forward-looking statements are also qualified by, and should be read together with, the risk factors included in FirstEnergy Corp.'s Form 10-K, Form 10-Q and in other filings with the SEC. The foregoing review of factors also should not be construed as exhaustive. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on FirstEnergy Corp.'s business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements. FirstEnergy Corp. expressly disclaims any obligation to update or revise, except as required by law, any forward-looking statements contained herein or in the information incorporated by reference as a result of new information, future events or otherwise.
View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-announces-first-quarter-2026-financial-results-reaffirms-guidance-and-capital-plan-to-deliver-value-to-customers-communities-and-investors-302756240.htmlSOURCE FirstEnergy Corp.
Original: FirstEnergy Announces First Quarter 2026 Financial Results, Reaffirms Guidance and Capital Plan to Deliver Value to Customers, Communities and Investors
US Market News
2月前
Plant it Forward: FirstEnergy Pennsylvania Celebrates Earth and Arbor Days with Free Trees in Westmoreland CountyApril 27, 2026 9:11 AM
PR Newswire (US)
GREENSBURG, Pa., April 27, 2026 /PRNewswire/ -- Employee volunteers from FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) company doing business as West Penn Power, will be giving away trees in Westmoreland County as part of extended Arbor Day celebrations.
The volunteers from West Penn Power's Green Team will be giving away more than 200 flowering dogwoods on April 27, starting at 10:00 a.m., at Jeannette Greenspaces at South 7th St. and Clay Ave. in Jeannette.Residents who pick up a flowering dogwood, which can grow up to 33 feet tall, should make sure to plant it in a safe location – at least 20 to 50 feet away from power lines, the recommended distance for trees that grow up to 40 feet tall. Smaller trees up to 25 feet can be planted closer. Taller varieties such as maple, oak, pine or spruce should be planted at least 50 feet from the nearest overhead wires.Jessica Shaffer, Advanced Scientist and Chair, FirstEnergy Green Team: "Events like these help contribute to a cleaner, green environment for our customers and local towns. They also educate residents about choosing the right tree, planting it in the right place and providing proper maintenance so our electric system remains safe and reliable. We're excited to partner with Jeannette Greenspaces once again. This is a big event, but just a small part of our ongoing commitments to stewardship and the communities we serve."The event, which will also include preparations for the local community garden, are part of the company's Earth Day (April 22) and Arbor Day (April 25) celebrations.Green Teams Bring Employees into the CommunityWest Penn Power's Green Team is made up of employees who volunteer their time and talents to support a wide variety of environmental initiatives. FirstEnergy's Green Team chapters in Ohio, West Virginia, Pennsylvania, Maryland and New Jersey have a collective goal to plant or donate more than 26,000 trees this year. The Green Teams surpassed the company's goal in 2025, planting more than 30,000 trees over the course of the year.West Penn Power serves approximately 725,000 customers in 24 counties within central and southwestern Pennsylvania. Follow West Penn Power on X @W_Penn_Power and on Facebook at facebook.com/WestPennPower.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 online at firstenergycorp.com and on X @FirstEnergyCorp.
View original content to download multimedia:https://www.prnewswire.com/news-releases/plant-it-forward-firstenergy-pennsylvania-celebrates-earth-and-arbor-days-with-free-trees-in-westmoreland-county-302754277.htmlSOURCE FirstEnergy Corp.
Original: Plant it Forward: FirstEnergy Pennsylvania Celebrates Earth and Arbor Days with Free Trees in Westmoreland County
US Market News
2月前
Stronger Grid Ahead: Power Line Rebuild to Boost Reliability in Northwest OhioApril 21, 2026 1:27 PM
PR Newswire (US)
Upgrades to reinforce service for Toledo Edison customers in Williams CountyTOLEDO, Ohio, April 21, 2026 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a FirstEnergy Transmission company, is rebuilding about 11 miles of a high-voltage power line in eastern Williams County. The West Unity (Stryker) 69-kV Line Rebuild Project includes replacing aging equipment with stronger structures and updated technology to reduce outage risks for Toledo Edison customers in and around West Unity.
The work, which began in January, is designed to help the line better withstand severe weather, falling trees and other hazards that commonly cause power outages. The work will also improve the flow of electricity through the system, making it easier to reroute power and keep the lights on for customers during emergencies or maintenance.Enhancing Day-to-Day Reliability
The project replaces wooden poles along the route with new wood poles and steel structures set in concrete foundations to provide greater durability and stability. Crews are also installing thicker, higher-capacity wire designed to carry more electricity and better ensure extreme conditions.Mark Mroczynski, President of Transmission for FirstEnergy: "We're giving this high-voltage line a major boost with sturdier poles, upgraded wires and smart new technology designed to keep your lights on no matter what Mother Nature throws our way. These improvements make the system stronger and easier for our crews to work on. Over time, that means fewer outages, quicker repairs and a power grid that homes and businesses across northwest Ohio can rely on."View or download a video series on "Why a Modern Transmission System Matters to You" on FirstEnergy's YouTube channel.What This Work Means for You
Think of the upgrade as moving from a two-lane road to a four-lane highway: more room for "traffic," fewer bottlenecks and a smoother, more reliable experience for everyone.The new wires and structures will help the electric system:Manage higher demand during extreme heat or coldReduce overloads that can lead to outagesRestore service faster when problems do ariseSupport residential and business growth in Williams CountySince 2020, ATSI has reduced transmission outages in Ohio by 31% – proof that the companies' strategic infrastructure investments, like this work in northwest Ohio, are making the grid more reliable for customers.Part of a Bigger Investment in Reliability
This approximately $24 million project is part of Energize365, FirstEnergy's long-term investment program to modernize and strengthen the electric grid. FirstEnergy plans to invest $36 billion between 2026 and 2030 to build a smarter, more resilient grid that meets the evolving of communities across the service area. In northwest Ohio alone, more than $200 million will be invested in high-voltage grid enhancements over the next few years.About FirstEnergy Transmission, Toledo Edison and FirstEnergy Corp.
FirstEnergy Transmission, jointly owned by FirstEnergy Corp. (NYSE: FE) and Brookfield Super-Core Infrastructure Partners, owns and operates American Transmission Systems Inc. (ATSI), Mid-Atlantic Interstate Transmission LLC (MAIT) and Trans-Allegheny Interstate Line Company (TrAILCo).Toledo Edison serves more than 300,000 customers across northwest Ohio. Follow Toledo Edison on X at @ToledoEdison and on Facebook at facebook.com/ToledoEdison.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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/stronger-grid-ahead-power-line-rebuild-to-boost-reliability-in-northwest-ohio-302749100.htmlSOURCE FirstEnergy Corp.
Original: Stronger Grid Ahead: Power Line Rebuild to Boost Reliability in Northwest Ohio
US Market News
2月前
Power Grid Improvements Underway to Strengthen Service for Trumbull County CommunitiesApril 14, 2026 1:33 PM
PR Newswire (US)
Steel structures, thicker wire to enhance reliability for more than 16,000 Ohio Edison customersAKRON, Ohio, April 14, 2026 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a FirstEnergy Transmission company, is wrapping up major upgrades to the local power grid in Trumbull County, Ohio. The upgrades underway in Ohio Edison's service area are designed to reinforce the electric system and deliver more reliable service to more than 16,000 residents and businesses in and around Howland and Bazetta townships.
At the heart of the project is the rebuild of nearly three miles of the Niles Central-Packard 138-kV Transmission Line. The upgrades will help reduce the number of outages customers experience and speed restoration when outages occur.Built to Handle What's Ahead
The rebuild replaces aging wooden poles with 22 steel structures set in concrete foundations. Crews are also installing modern, thicker wire capable of carrying more electricity and withstanding severe weather, falling trees, vehicle accidents and wildlife interference. Together, these improvements will make it easier to reroute power during emergencies or maintenance, support growing energy use and provide a sturdier backbone for future development in the Mahoning Valley.Construction began in the fall and is expected to finish by the end of this summer.Mark Mroczynski, President of Transmission for FirstEnergy: "This project is about giving Trumbull County families and businesses dependable power they can count on every day. By strengthening this part of the local grid, we're reducing risks that cause outages and ensuring the system can handle growing demand. Since 2014, our transmission companies have made ongoing investments that have reduced high-voltage line outages by 50%, and we're continuing that work through projects like this to further strengthen reliability."What Upgrades Mean for Customers
Think of the work as upgrading from a two-lane road to a four-lane highway. With more capacity and stronger infrastructure, the system can better handle increased "traffic" and bounce back faster when issues occur.These improvements will help the electric grid:Handle higher demand during extreme cold and heat.Reduce overloads that can lead to outages.Restore service faster when problems do arise.Support residential and business growth in Trumbull County.Customers can learn more about the value of a modern transmission system through FirstEnergy's video series "Why a Modern Transmission System Matters to You" on FirstEnergy's YouTube channel.Part of a Bigger Investment in Reliability
This approximately $24 million project is part of Energize365, FirstEnergy's long-term investment program to modernize and strengthen the electric grid. FirstEnergy plans to invest $36 billion between 2026 and 2030 to build a smarter, more resilient grid that meets the evolving of communities across the service area.About FirstEnergy Transmission, Ohio Edison and FirstEnergy Corp.
FirstEnergy Transmission, jointly owned by FirstEnergy Corp. (NYSE: FE) and Brookfield Super-Core Infrastructure Partners, owns and operates American Transmission Systems Inc. (ATSI), Mid-Atlantic Interstate Transmission LLC (MAIT) and Trans-Allegheny Interstate Line Company (TrAILCo).Ohio Edison serves more than one million customers across 34 Ohio counties. Follow Ohio Edison on X @OhioEdison and on Facebook at facebook.com/OhioEdison.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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/power-grid-improvements-underway-to-strengthen-service-for-trumbull-county-communities-302742087.htmlSOURCE FirstEnergy Corp.
Original: Power Grid Improvements Underway to Strengthen Service for Trumbull County Communities
US Market News
2月前
FirstEnergy Names Brian Harrell to Lead Enterprise SecurityApril 9, 2026 12:33 PM
PR Newswire (US)
Vice President and Chief Security Officer brings national security and utility experience to roleAKRON, Ohio, April 9, 2026 /PRNewswire/ -- As U.S. utilities confront an increasingly complex landscape of cyber and physical security threats, FirstEnergy Corp. (NYSE: FE) has appointed Brian Harrell, a former senior U.S. homeland security official, as Vice President and Chief Security Officer.
In his role, Harrell will enhance the company's enterprise security posture by strengthening defenses, expanding intelligence-driven detection and response capabilities and embedding security more deeply into business and operational planning. His work will emphasize training, readiness and coordination across both corporate and field teams. Harrell's responsibilities span corporate and field security, 24/7 security operations, enterprisewide cybersecurity, threat intelligence, risk and compliance and security architecture and engineering. He will report to Chief Operating Officer Toby Thomas.Harrell previously served in senior roles within the U.S. Department of Homeland Security, including at the Cybersecurity and Infrastructure Security Agency (CISA), where he frequently testified before Congress on countering domestic terrorism and protecting critical infrastructure.Toby Thomas, Chief Operating Officer, FirstEnergy: "Brian has led security programs that connect intelligence to action in complex, highly regulated environments. That experience will be critical as we strengthen protections across our system and ensure our teams in the field have the tools, training and clarity they need to respond to evolving risks."Brian Harrell, Vice President and Chief Security Officer, FirstEnergy: "Security only works when it's understood and practiced at every level of the organization. That foundation is essential to a resilient grid, which underpins the strength of our communities, the economy and national security. Sophisticated threats aren't slowing, so we will continue to invest in cybersecurity and risk reduction measures to maintain a reliable and secure system, while strengthening training and readiness for our teams in the field."Most recently, Harrell served as Vice President and Chief Security Officer at Avangrid Energy, where he oversaw cybersecurity, physical security, intelligence, privacy and resilience programs across a multistate energy portfolio. During his tenure, he established 24/7 security operations centers, enhanced threat detection and intelligence capabilities, expanded security team capacity and regularly briefed executive leadership and boards on security risks and preparedness.Harrell has also held enterprise security leadership roles at Duke Energy and North American Electric Reliability Corporation, working closely with federal, state and local partners on critical infrastructure protection and risk mitigation.He holds advanced degrees in homeland security and education, a bachelor's degree in criminal justice and professional certifications including Certified Information Security Manager (CISM) and Certified Protection Professional (CPP).A professional photo of Harrell is available for download on Flickr.FirstEnergy Corp. 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 6 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 online at firstenergycorp.com and on X @FirstEnergyCorp.
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Original: FirstEnergy Names Brian Harrell to Lead Enterprise Security
US Market News
2月前
FirstEnergy Names Jennifer Lawless to Lead Learning and Development, Supporting Ongoing Cultural TransformationApril 9, 2026 12:35 PM
PR Newswire (US)
AKRON, Ohio, April 9, 2026 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has named Jennifer Lawless Vice President, Enterprise Learning as it advances its culture of continuous performance improvement that supports employee growth, reliable service for customers and the company's long-term success.
In this role, Lawless will lead implementation of FirstEnergy's enterprise learning and development strategy to build an agile and engaged workforce. She is responsible for advancing leadership capabilities, modernizing learning technologies and championing a culture rooted in accountability, safety and innovation. Lawless reports to Senior Vice President and Chief Human Resources Officer Karen McClendon. Previously, Lawless was Training Director at Exelon Utilities, where she set the strategic direction for training, upgraded the learning management system serving more than 42,000 employees and contractors, established a centralized training organization, implemented the systematic approach to training (ADDIE model) and developed leadership programs for all levels, including field leaders, supervisors, managers, directors and executives. She also held senior leadership roles in workforce development, change management, instructor certification programs and leadership development at Exelon Utilities and Exelon Nuclear Generation, advancing safety, performance and modern learning practices. Karen McClendon, Chief Human Resources Officer, FirstEnergy: "Jennifer brings extensive experience leading transformational learning and development initiatives in large, matrixed utility organizations. Her ability to translate business strategy into meaningful learning experiences will help ensure our employees are equipped to grow, adapt and succeed as we continue to strengthen FirstEnergy's performance and culture."Lawless holds a Master of Science in Education and a Bachelor of Science in Sociology and Secondary Social Studies Education from the State University of New York at Cortland. She also maintains several professional certifications in learning and leadership development, including Certified Performance & Learning Professional (ATD), Workplace DiSC and MBTI.A professional photo of Lawless is available for download on Flickr.FirstEnergy Corp. 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 6 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 online at firstenergycorp.com and on X @FirstEnergyCorp.
View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-names-jennifer-lawless-to-lead-learning-and-development-supporting-ongoing-cultural-transformation-302738543.htmlSOURCE FirstEnergy Corp.
Original: FirstEnergy Names Jennifer Lawless to Lead Learning and Development, Supporting Ongoing Cultural Transformation
US Market News
3月前
FirstEnergy Pennsylvania Customers Can Get Help with Seasonal Energy BillsMarch 24, 2026 10:35 AM
PR Newswire (US)
GREENSBURG, Pa., March 24, 2026 /PRNewswire/ -- During this winter's bitter cold, heating systems have had to work overtime to keep homes comfortable, which means higher energy use and higher electric bills for many households. With warmer weather on the way, now is the time for customers to explore options that can make monthly energy costs easier to manage. FirstEnergy Pennsylvania Electric Company (FE PA) – a FirstEnergy Corp. (NYSE: FE) company known locally as Penn Power, Penelec, Met-Ed and West Penn Power – offers several bill assistance programs to help customers stay in control of their electric costs.
John Hawkins, FirstEnergy President, Pennsylvania: "We want our customers to feel safe and comfortable in their homes all year long. If you're having trouble paying your electric bill, please reach out. There are programs and payment options that may help lower your bill or prevent disconnection, and our team is here to guide you through them."The following assistance programs are available to eligible customers:Pennsylvania Customer Assistance Program (PCAP): Residential customers can pay a percentage of their household income each month instead of their actual charges. Customers may also qualify to have their past-due balance eliminated.
Low-Income Energy Assistance Program (LIHEAP): Provides payment directly to the utility company to help with heating bills or restore service. Customers can apply through April 10.
WARM – Low-Income Usage Reduction Program (LIURP): Homeowners and renters can receive a home energy audit and personalized plan to save energy. Some customers may qualify for certain energy-saving home improvements, at no cost.
Dollar Energy Fund (DEF): An emergency hardship fund to help customers maintain or restore service.If you would like to donate to the Dollar Energy Fund to help Pennsylvania families who are having trouble affording their electricity costs, visit dollarenergy.org/donate.We're committed to helping you. Whether you need temporary help or ongoing support, FEPA is here to ensure your home stays safe and comfortable. Visit firstenergycorp.com/billassist to explore available assistance and payment programs.Met-Ed serves approximately 592,000 customers within 3,300 square miles of eastern and southeastern Pennsylvania. Follow Met-Ed on X @Met Ed and on Facebook at facebook.com/MetEdElectric.Penelec serves approximately 597,000 customers within 17,600 square miles of northern and central Pennsylvania and western New York. Follow Penelec on X @Penelec and on Facebook at facebook.com/PenelecElectric.Penn Power serves approximately 173,000 customers in all or parts of Allegheny, Beaver, Butler, Crawford, Lawrence and Mercer counties in western Pennsylvania. Follow Penn Power on X @Penn_Power, on Facebook at facebook.com/PennPower, and online at pennpower.com.West Penn Power serves approximately 746,000 customers in 24 counties within central and southwestern Pennsylvania. Follow West Penn on X @W_Penn_Power and on Facebook at facebook.com/WestPennPower.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 online at firstenergycorp.com and on X @FirstEnergyCorp.
View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-pennsylvania-customers-can-get-help-with-seasonal-energy-bills-302723531.htmlSOURCE FirstEnergy Corp.
Original: FirstEnergy Pennsylvania Customers Can Get Help with Seasonal Energy Bills
US Market News
3月前
JCP&L Encourages Customers to Explore Energy Bill Assistance OptionsMarch 20, 2026 11:13 AM
PR Newswire (US)
Company hosting assistance event in Ocean County on April 22MORRISTOWN, N.J., March 20, 2026 /PRNewswire/ -- Seasonal temperature shifts can lead to higher energy use – and higher bills. With the New Jersey Winter Termination Program ending recently, Jersey Central Power & Light (JCP&L), a FirstEnergy Corp. (NYSE: FE) electric company, is here to help with programs that make managing your energy costs easier throughout the year.
Doug Mokoid, President, FirstEnergy New Jersey: "When temperatures swing to extremes like they did this winter, many customers use more energy to heat or cool their homes, which can lead to higher electric bills. No one should feel stressed about staying comfortable and safe at home. If you're concerned about paying your electric bill, please reach out – our dedicated team is here to help you find options and get back on track."Get Monthly Bill Credits with the Universal Service Fund The Universal Service Fund (USF) is a year-round program that helps eligible households manage their energy costs and may eliminate past-due balances through the USF Fresh Start Program.To qualify, a household must:Have a gross income at or below 60% of the state median income level.Pay more than 2% of its annual income for electricity if it does not have
electric heat, or more than 4% of its annual income on electricity if it uses electric heat.Customers can visit firstenergycorp.com/USF to schedule an appointment with a team member to receive dedicated help completing and submitting their application.Ocean County Energy Assistance EventJCP&L will host a free assistance event on April 22 at the Charles A. Smith Community Center (15 E. Lacey Rd., Forked River) from 10 a.m. to 3 p.m. Attendees can receive in-person help applying for USF and learn about additional assistance programs. Community partners will also be on hand to answer questions.More Payment Assistance Programs are AvailableAdditional payment assistance programs are available to eligible customers:The Low-Income Energy Assistance Program (LIHEAP): Direct payment to the utility company to help with home heating costs. Emergency LIHEAP, which helps to maintain or restore service.New Jersey Statewide Heating Assistance and Referral for Energy Services (SHARES): Provides low-to-moderate-income households with energy assistance to help maintain or restore service.Payment Assistance for Gas & Electric (PAGE): Support for zero- to moderate-income customers who have past-due electric bills and a minimum balance of $100.2-1-1 Helpline: Information helpline that helps identify locally available programs that may assist customers with utility bills or other needs. 2-1-1 is available 24 hours a day, 365 days a year.Lifeline: An annual benefit to customers who receive the Pharmaceutical Assistance to the Aged and Disabled (PAAD), meet the PAAD eligibility requirements or receive Supplemental Social Security.Comfort Partners Programs: Provides eligible customers with no cost in-home energy usage evaluation and energy-saving home improvements.We're here to help. Whether you need short-term help or ongoing assistance, JCP&L is here to help keep your home safe and comfortable. Visit firstenergycorp.com/billassist to learn more about available assistance and payment programs.JCP&L serves 1.2 million New Jersey 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 www.jcp-l.com. FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving 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 online at firstenergycorp.com and on X, formerly known as Twitter, @FirstEnergyCorp.
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Original: JCP&L Encourages Customers to Explore Energy Bill Assistance Options
US Market News
3月前
FirstEnergy Power Restoration UpdateMarch 17, 2026 2:50 PM
PR Newswire (US)
AKRON, Ohio, March 17, 2026 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) utilities have made significant progress restoring power following Friday's windstorm, with most customers now back in service and crews continuing work for those still affected. At the same time, crews are addressing new outages resulting from winds and thunderstorms that moved through the region yesterday afternoon and overnight, with the greatest impacts in eastern Pennsylvania and northern New Jersey.
Power has been restored to more than 97% of the nearly 1.1 million FirstEnergy customers affected by storms over the last few days. About 35,400 customers remain without service. A contingent of more than 10,000 FirstEnergy employees, contractors and outside resources are supporting around the clock restoration efforts.Estimated restoration times (ETRs) have been set for most outages, which can be viewed on firstenergycorp.com/outages or by logging onto individual accounts. Global ETRs – which reflect when nearly all customers in an area are expected to have power restored – will be set for the Met-Ed area of Pennsylvania, Jersey Central Power & Light (JCP&L) in New Jersey and Mon Power in West Virginia later today. Many customers will have power restored sooner than the global ETR.Updates by electric company as of 2p.m.:JCP&L: More than 47,300 customers in northern and central New Jersey have had power restored, and 4,900 remain without service. ETRs will be set this afternoon.Met-Ed: More than 39,400 customers in eastern Pennsylvania have had power restored, and 13,400 remain without service. ETRs will be set later today.Penelec: Power has been restored to more than 99% of the 165,500 customers impacted. The ETR for the remaining 950 customers is today by 5 p.m.Penn Power: 15,900 customers in western Pennsylvania have had power restored, and 3,400 remain without service. All outages are expected to be restored today, and ETRs have been set for each individual outage.West Penn Power: Power has been restored to more than 98% of the 165,700 customers impacted. The ETR for the remaining 2,900 customers is today by 11 p.m.The Illuminating Company: Power has been restored to nearly 99% of the 212,400 customers impacted. The remaining 2,400 outages are expected to be restored today, and ETRs have been set for each individual outage.Ohio Edison: Power has been restored to more than 99% of the 254,000 customers impacted. The remaining 2,100 outages are expected to be restored today, and ETRs have been set for each individual outage.Toledo Edison: Power has been restored to nearly 100% of the 40,900 customers impacted. The remaining 160 outages are expected to be restored today, and ETRs have been set for each individual outage.Mon Power: Nearly 45,700 customers in West Virginia have had power restored. All of the 6,500 remaining outages are from the new weather system, and ETRs will be set this afternoon.Potomac Edison: Power has been restored to 97% of the 22,100 customers impacted. The remaining 580 outages are expected to be restored today, and ETRs have been set for each individual outage.Customers who are without power can call 1-888-LIGHTSS (1-888-544-4877), text OUT to 544487 or report online at firstenergycorp.com/outages.News Media Hotline: 888-233-3583
View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-power-restoration-update-302716414.htmlSOURCE FirstEnergy Corp.
Original: FirstEnergy Power Restoration Update
US Market News
3月前
FirstEnergy Crews Ready for More Severe Weather as Restoration from Windstorm ContinuesMarch 16, 2026 3:53 PM
PR Newswire (US)
AKRON, Ohio, March 16, 2026 /PRNewswire/ -- Another round of severe weather is moving into FirstEnergy Corp.'s (NYSE: FE) service area today, and the company is prepared to respond to any power outages it may cause.
Since Friday, powerful winds have affected more than 800,000 customers across Ohio, Pennsylvania, West Virginia and Maryland, and crews have restored power to more than 96% of the customers impacted. Extensive repairs have included replacing nearly 600 broken poles, more than 225,000 feet of wire and 1,300 utility pole crossarms and braces.FirstEnergy is closely watching two additional rounds of storms expected this afternoon and tonight. These storms could bring wind gusts of 50 to 65 miles per hour, 1 to 2 inches of rain and the potential for isolated tornadoes, particularly in Maryland, New Jersey and the eastern half of Pennsylvania. Some areas may also see accumulating snow.Crews remain fully engaged as today's weather approaches. More than 3,400 outside line workers, tree crews, hazard responders and other support personnel have joined more than 7,000 FirstEnergy workers to support 24/7 restoration efforts. As new outages occur, focus will remain on restoring power first to customers who have been without service the longest.How We Restore Power After a StormFirstEnergy follows a formal restoration process to restore service as quickly as safely possible:Clear hazards – like downed power lines, trees and blocked roadsRepair high-voltage lines that provide electricity to local linesRestore power to critical public service facilitiesAddress outages affecting the most customersFix localized issues and restore power to individual customersSustained high winds impact our ability to work in the air and can delay restoration efforts until crews can safely use bucket trucks. Fallen trees and blocked roads may also delay access to outage locations.Customer Safety and Preparedness TipsFirstEnergy encourages customers to stay weather-aware, have a plan in place and put safety first as storms move through the area:Stay 30 feet away from downed power lines – call 911 immediatelySecure loose outdoor items including garbage cans, furniture and trampolinesCharge phones and essential devicesKeep flashlights, batteries and a radio readyStore water if you rely on a well pumpHave no-cook foods on handSteer clear of trees and utility poles in high windsHow to Report an OutageIf you lose power during the storm, please report your outage:Call 1-888-LIGHTSS (1-888-544-4877)Text OUT to LIGHTS (544487)Online at firstenergycorp.com/outagesGet Outage UpdatesText REG to 544487 to sign up for outage text alerts. Once signed up, text STAT to 544487 to get the latest update for your homeLog into your online accountView our outage mapsFirstEnergy (NYSE: FE) 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 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 online at www.firstenergycorp.com. Follow FirstEnergy on X: @FirstEnergyCorp.
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Original: FirstEnergy Crews Ready for More Severe Weather as Restoration from Windstorm Continues
US Market News
3月前
FirstEnergy Power Restoration Efforts Progress Following WindstormMarch 15, 2026 11:44 AM
PR Newswire (US)
AKRON, Ohio, March 15, 2026 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) utilities continue restoring power to customers after severe winds moved through the service territory Friday. Gusty conditions today and another storm system tonight and tomorrow are expected to cause additional outages. Priority will be placed on outages caused by Friday's storm, and crews will continue working around the clock until all customers impacted by either weather event have power restored.
Power has been restored to 92% of the 668,000 customers affected. About 56,000 customers remain without service, primarily in the hardest-hit areas of central and northeast Ohio and western Pennsylvania. More than 6,900 FirstEnergy employees, contractors and outside resources are supporting restoration efforts, with additional crews being deployed to hardest hit areas as they become available.Estimated restoration times (ETRs) are set for all areas and reflect when nearly all customers are expected to have power restored. Many customers will be restored sooner, depending on damage in their area.Updates by electric company as of 10 a.m.:The Illuminating Company: 137,100 customers in northeast Ohio have had power restored, and 17,900 remain without service. The ETR for customers in Ashtabula County and the Westlake area is tonight by 11 p.m. The ETR for remaining Illuminating Company customers is tomorrow, March 16, by 11 p.m.Ohio Edison: 165,477 customers in northern and central Ohio have had power restored, and 14,950 remain without service. The ETR for customers in the Alliance, Elyria, Jackson, Lorain, Massillon, Medina, Port Clinton, Salem, Sandusky, Springfield, Vermillion and Youngstown areas is tonight by 11 p.m. The ETR for remaining Ohio Edison customers is tomorrow, March 16, by 11 p.m.Toledo Edison: 29,950 customers in northwest Ohio have had power restored. The ETR for the remaining 1,800 customers is tonight by 11 p.m.Penelec: 84,900 customers in northern and central Pennsylvania have had power restored. The ETR for the remaining 2,000 customers is tonight by 11 p.m.Penn Power: 15,900 customers in western Pennsylvania have had power restored, and 3,400 remain without service. The ETR for customers in Crawford, Indiana and Venango Counties is tomorrow, March 16, by 11 p.m. All other Penn Power customers are expected to have power restored by this evening.West Penn Power: 101,400 customers in southwest and central Pennsylvania have had power restored, and 13,700 remain without service. The ETR by county follows:Centre County – 1 p.m. todayBedford and Fulton Counties – 6 p.m. todayFranklin County – 11 p.m. todayClarion and Fayette Counties – 3 p.m. tomorrow, March 16Clinton County – 11 p.m. tomorrow, March 16Greene and Washington Counties – 11:30 p.m. tomorrow, March 16Allegheny, Armstrong, Butler, Indiana and Westmoreland Counties – 11 p.m. Tuesday, March 17Mon Power: 29,300 customers in West Virginia have had power restored. The ETR for the remaining 1,700 customers is tonight by 11 p.m.Customers who are without power can call 1-888-LIGHTSS (1-888-544-4877), text OUT to 544487 or report online at firstenergycorp.com/outages.
View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-power-restoration-efforts-progress-following-windstorm-302714081.htmlSOURCE FirstEnergy Corp.
Original: FirstEnergy Power Restoration Efforts Progress Following Windstorm
US Market News
3月前
FirstEnergy Working Nonstop to Restore Power After WindstormMarch 14, 2026 2:51 PM
PR Newswire (US)
AKRON, Ohio, March 14, 2026 /PRNewswire/ -- Less than 24 hours after winds exceeding 70 mph tore through Ohio, Pennsylvania, West Virginia and Maryland, power has been restored to nearly 478,000 of the approximately 655,400 FirstEnergy Corp. (NYSE: FE) customers who lost power following Friday's storm. FirstEnergy crews supported by outside personnel are working around the clock to restore service to all impacted customers.
FirstEnergy's Ohio and western Pennsylvania service areas were hardest hit, with widespread tree and equipment damage. While downed trees and road closures can slow progress, crews will work 24/7 to safely make repairs and restore service. Due to the extent of the damage and ongoing windy conditions in some areas, restoration work is expected to continue over the next few days.Assume all downed or low-hanging power lines are energized and dangerous. Stay at least 30 feet away and use extra caution where lines are tangled in trees or debris. Report downed lines ASAP to 9-1-1.More than 3,400 outside contractor line and forestry workers, hazard responders, public protectors and other support personnel are assisting nearly 3,380 FirstEnergy workers in the restoration effort. The company continues to work with mutual aid organizations to secure additional assistance.Estimated restoration times (ETRs) will be established today. Many customers will have power restored sooner than the ETR depending on the level of damage in their area. ETRs will be shared when available on our outage maps.Current outage updates as of 1 p.m. today include:Illuminating Company: Power has been restored to 69% of impacted customers, and approximately 50,100 remain without service. Approximately 162,300 customers in northeast Ohio lost power.Ohio Edison: Service has been restored to 77% of the approximately 174,600 impacted customers in northern and central Ohio. Approximately 39,800 customers remain without service.Toledo Edison: Power has been restored to 80% of the approximately 29,800 customers in northwest Ohio who lost power. About 5,800 remain without service.Penelec: Power has been restored to 87% of customers and approximately 11,100 remain without service. Approximately 83,900 customers in northern and central Pennsylvania were impacted.Penn Power: Service has been restored to nearly 56% of the approximately 21,300 impacted customers in western Pennsylvania. Approximately 9,500 customers remain without service.West Penn Power: Service has been restored to 55% of impacted customers, and approximately 53,000 remain without service. Approximately 118,300 customers in central and southwestern Pennsylvania were impacted.Mon Power: Power has been restored to 78% of the approximately 28,500 impacted West Virginia customers. About 6,300 remain without service.Safety RemindersCustomers are reminded to stay safe during storm restoration:Stay at least 30 feet from downed power lines. Report them ASAP to 9-1-1.Don't remove debris from electrical equipment.Keep generators outside. Disconnect the power coming into your home to prevent sending power back onto lines and endangering workers. View more generator safety tips.Use flashlights or battery-powered lanterns instead of candles.Never use gas stoves, grills or outdoor heaters for heat – they can produce deadly carbon monoxide.How We Restore Power After a StormFirstEnergy follows a formal process to restore service as quickly as safely possible:Clear hazards – like downed power lines, trees and blocked roads.Repair high-voltage lines that provide electricity to local lines.Restore power to critical public service facilities.Address outages affecting the most customers.Fix localized issues and restore power to individual customers.How to Report an OutageIf you are without power, please report your outage:Call 1-888-LIGHTSS (1-888-544-4877).Text OUT to LIGHTS (544487).Online at firstenergycorp.com/outages.Get Outage UpdatesText REG to 544487 to sign up for outage text alerts. Once signed up, text STAT to 544487 to get the latest update for your home.Log into your online account.View our outage maps.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 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 online at www.firstenergycorp.com. Follow FirstEnergy on X: @FirstEnergyCorp.
View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-working-nonstop-to-restore-power-after-windstorm-302713974.htmlSOURCE FirstEnergy Corp.
Original: FirstEnergy Working Nonstop to Restore Power After Windstorm
US Market News
3月前
FirstEnergy Transmission Awarded Projects by PJM Interconnection to Enhance Reliability and Address Rising Customer DemandMarch 2, 2026 11:22 AM
PR Newswire (US)
AKRON, Ohio, March 2, 2026 /PRNewswire/ -- FirstEnergy Transmission LLC (FET) has been selected by regional transmission grid operator PJM Interconnection LLC to build several important projects that will make the power grid stronger, more reliable and ready for future growth in Ohio and Pennsylvania.
As part of this effort, FET will invest about $950 million to modernize equipment, rebuild older lines and upgrade substations. Some of these projects will be carried out through the Grid Growth Ventures LLC joint venture with Transource Energy LLC, while others will be built directly by FET subsidiaries American Transmission Systems Incorporated (ATSI) and Mid-Atlantic Interstate Transmission LLC (MAIT) in their respective service territories.FET submitted the projects through PJM's 2025 Regional Transmission Expansion Plan (RTEP) open window process, and the PJM Board of Managers approved them on Feb. 12. PJM is the regional transmission organization that coordinates the movement of electricity across the 13-state region that includes FirstEnergy's service territories.Mark Mroczynski, President, Transmission at FirstEnergy: "We want every family, business and community in our service area to feel confident that our power system is ready for the future. These improvements will help ensure the grid keeps up with growing communities and the everyday moments people count on electricity for. Being selected by PJM reflects our commitment to dependable service and smart, cost-conscious investments that support our region as it grows."Think of the electric grid as a system of highways that carry electricity instead of cars. As more families and businesses move into an area, those "electric highways" can start to feel crowded. Clearing bottlenecks on the grid is like adding extra lanes to a busy road—everything moves more smoothly, and it helps prevent power problems, including outages. FET's projects are designed to build bigger, stronger electric highways so power can travel more safely, cost-efficiently and quickly to the homes, schools and businesses that rely on it every day.The FET projects approved by PJM include the following:Through Grid Growth Ventures, FET is investing approximately $490 million to build nearly 200 miles of new 765-kilovolt (kV) lines to significantly increase service reliability and economic growth opportunities in the greater Columbus, Ohio, region. The Grid Growth projects also include construction of approximately 30 miles of 345-kV transmission lines. The total cost of this project is estimated at $1.2 billion.In Ohio, ATSI is investing $294 million, including:$251 million to construct a new substation in Clark County where two major power lines meet and upgrade a line in the area. Think of this like building a major intersection so electricity can switch directions more easily and travel faster where it's needed. This project will support the Grid Growth work.$43 million to replace breakers in Lake and Erie counties, upgrade high-voltage lines in Ottawa, Erie and Huron counties and rebuild a 69-kV line in Lorain County. This work is similar to improving a busy neighborhood road by installing new stoplights to improve traffic flow, repaving the road so it's smoother and safer and rebuilding a side street that's worn out.In Pennsylvania, MAIT is investing $165 million, including:$72 million to rebuild an existing 115-kV line into a double circuit line in York and Adams counties. This is like turning a two-lane road into a four-lane road so more electricity can move at once, especially during high demand periods.$93 million to upgrade and tie in existing 500-kV lines in Armstrong and Indiana counties. This is like building a new bridge between two crowded highways so electricity can move more easily without getting backed up.What This Means for CustomersThese upgrades in Ohio and Pennsylvania will help:Improve reliability so customers experience fewer outages.Support new businesses and jobs, boosting the local economy.Prepare the grid for future growth, including new homes, businesses and technology.Replace older equipment to keep the system running smoothly and cost-effectively.Since 2014, FirstEnergy's transmission companies have collectively reduced outages by 50% on high-voltage power lines – proof that the companies' strategic infrastructure investments are making the grid more reliable for customers.FirstEnergy is beginning the detailed planning work needed to move these projects forward. This includes studying possible routes, meeting with local communities, gathering feedback and completing careful environmental reviews. Taking these steps early helps ensure the projects are built responsibly with a strong focus on safety, reliability and the needs of the customers and communities.Learn more about the value of a modern transmission system through FirstEnergy's video series "Why a Modern Transmission System Matters to You" on the company's YouTube channel. Jointly owned by FirstEnergy Corp. (NYSE: FE) and Brookfield Super-Core Infrastructure Partners, FET is the equity investor in Grid Growth Ventures and owns and operates ATSI, MAIT and Trans-Allegheny Interstate Line Company (TrAILCo).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 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-transmission-awarded-projects-by-pjm-interconnection-to-enhance-reliability-and-address-rising-customer-demand-302701240.htmlSOURCE FirstEnergy Corp.
Original: FirstEnergy Transmission Awarded Projects by PJM Interconnection to Enhance Reliability and Address Rising Customer Demand
US Market News
4月前
Stronger, Smarter Power Grid to Improve Reliability for 6,000+ Customers in Berks CountyFebruary 19, 2026 9:32 AM
PR Newswire (US)
New transmission substation and power line to strengthen grid, support economic growth READING, Pa., Feb. 19, 2026 /PRNewswire/ -- A major upgrade to the electric grid is underway to bring more electricity to the region and support faster power restoration for more than 6,000 FirstEnergy Pennsylvania (FE PA) customers in Berks County.
Led by Mid-Atlantic Interstate Transmission LLC (MAIT), a FirstEnergy Transmission company, the Van Reed 69-kV Transmission Project includes constructing a new substation in Bern Township and adding a nearly four mile, high-voltage power line on a combination of wood and steel poles that add additional strength to the system. The work is designed to reduce outages around Reading, Bern Township and Leesport and support growth in southeastern Pennsylvania.Mark Mroczynski, President of Transmission for FirstEnergy: "With valuable input from community members and public officials, we're delivering a project that reflects their feedback and supports what matters most to the region. This solution enhances service reliability for everyday customers while helping to attract new jobs, new families and new opportunities. We're proud to help carry that momentum forward by investing in the power infrastructure needed to meet today's demand and tomorrow's potential."The project is moving forward with strong support from the Berks County Commissioners and local development agencies, who have played a pivotal role since the project's early planning nearly a decade ago. By working closely together, FE PA and MAIT are helping make sure the region has the dependable electric service it needs to help current and future employers grow and create opportunities.Construction began in early January, and the project is expected to be in service before the end of this year.What Upgrades Mean for Customers If you live in central Berks County, this project is expected to help your lights stay on by handling higher demand during extreme cold and heat and standing up better to severe storms. If you do experience an outage, this upgrade adds backup power sources and smarter equipment that can reroute electricity. That means: Fewer outages. Faster restoration. More reliable service for homes, businesses and companies looking to start or expand here.Think of the work as upgrading from a two-lane road to a four-lane highway. With more capacity and stronger infrastructure, the system can better handle increased "traffic" and bounce back faster when issues occur. Berks County Commissioner Christian Leinbach: "This project is a critical investment in Berks County's future. Strengthening the power grid means more reliable electric service for our residents and businesses. This initiative paves the way for economic growth across the region, especially the area surrounding the Reading Regional Airport. It provides the power for existing businesses to expand and attracts new businesses while moving our community forward."Jeffrey Rush, Board Chairman, Greater Reading Chamber Alliance: "The Greater Reading Chamber Alliance supports FirstEnergy's continued investment in expanding electric service in Berks County. Reliable, resilient energy infrastructure is foundational to business attraction, retention and expansion. These improvements strengthen our competitive position and support long-term economic growth across the region."Built for Today – and TomorrowThis approximately $30 million project is part of Energize365, FirstEnergy's long-term investment program to modernize and strengthen the electric grid. FirstEnergy plans to invest $36 billion between 2026 and 2030 to build a smarter, more resilient grid that meets the evolving of communities across the service area. In Pennsylvania alone, the company plans to invest approximately $13 billion through 2030, consisting of nearly $6.7 billion in transmission investments and $6.7 billion in distribution investments.Customers can learn more about the value of a modern transmission system through FirstEnergy's video series "Why a Modern Transmission System Matters to You" on the company's YouTube channel. About FirstEnergy Transmission and FirstEnergy Corp.FirstEnergy Transmission, jointly owned by FirstEnergy Corp. (NYSE: FE) and Brookfield Super-Core Infrastructure Partners, owns and operates American Transmission Systems Inc. (ATSI), Mid-Atlantic Interstate Transmission LLC (MAIT) and Trans-Allegheny Interstate Line Company (TrAILCo).FirstEnergy is 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 online at firstenergycorp.com and on X @FirstEnergyCorp.Editor's Note: Photos of the substation and high-voltage line construction are available to view and download on FirstEnergy's Flickr page.
View original content to download multimedia:https://www.prnewswire.com/news-releases/stronger-smarter-power-grid-to-improve-reliability-for-6-000-customers-in-berks-county-302692712.htmlSOURCE FirstEnergy Corp.
Original: Stronger, Smarter Power Grid to Improve Reliability for 6,000+ Customers in Berks County
US Market News
4月前
New Potomac Edison Substation Delivers More Reliable Power for Berkeley County CustomersFebruary 18, 2026 12:33 PM
PR Newswire (US)
New facility helps reduce outages and support growth for 2,400 customersMARTINSBURG, W.Va., Feb. 18, 2026 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed a new substation in Berkeley County that is already making electric service more reliable for about 2,400 homes and businesses. The new facility uses modern, smart technology to help reduce outages and restore power faster when problems occur.
Located near Spring Mills High School, the substation was completed in December and provides an additional power source for customers in the Falling Waters and Spring Mills areas. Until now, those customers were served by two substations that were nearing capacity. The new facility also helps support the county's continued growth as one of the fastest-growing areas in the state.Jim Myers, FirstEnergy's President, West Virginia and Maryland: "Berkeley County is growing fast, and it's important that our electric system grows with it. Reliable power is the backbone of thriving communities, and this substation reflects our commitment to our customers. With fewer outages, faster repairs and a strong grid, we're ensuring our customers have the dependable electricity they need."Built for Faster Restoration
The new substation includes advanced, automated technology that helps:Spot issues quickly.Isolate problems to keep outages smaller.Restore service remotely, often without sending a crew.Part of a Bigger Investment in Reliability
The $6.6 million substation project is part of Energize365, FirstEnergy's long-term investment program to modernize and strengthen the electric grid. FirstEnergy plans to invest $36 billion between 2026 and 2030 to build a smarter, more resilient grid that meets the evolving needs of communities across the service area.Potomac Edison serves about 285,000 customers in all or parts of Allegany, Carroll, Frederick, Garrett, Howard, Montgomery and Washington counties in Maryland and about 155,000 customers in the Eastern Panhandle of West Virginia. Follow Potomac Edison at potomacedison.com, on X @PotomacEdison, and on Facebook at facebook.com/PotomacEdison.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 online at firstenergycorp.com and on X @FirstEnergyCorp.
View original content to download multimedia:https://www.prnewswire.com/news-releases/new-potomac-edison-substation-delivers-more-reliable-power-for-berkeley-county-customers-302691828.htmlSOURCE FirstEnergy Corp.
Original: New Potomac Edison Substation Delivers More Reliable Power for Berkeley County Customers
US Market News
4月前
FirstEnergy Announces 2025 Financial Results, Affirms 2026 Guidance and Provides Long-Term Financial Outlook Focused on Delivering Value to Customers, Communities and InvestorsFebruary 17, 2026 4:20 PM
PR Newswire (US)
Reports 2025 GAAP earnings of $1.77 per share and Core Earnings (non-GAAP) of $2.55 per share,
at the top end of the increased and revised guidance rangeAffirms 2026 Core Earnings guidance range of $2.62 to $2.82 per share,
representing 9% growth versus original 2025 guidance midpoint Announces 2026-2030 capital investment plan of $36 billion
with expected Core Earnings compounded annual growth near the top end of 6-8%AKRON, Ohio, Feb. 17, 2026 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported 2025 GAAP earnings of $1.02 billion, or $1.77 per basic share ($1.76 diluted), on revenue of $15.1 billion. These results include the impact of Ohio regulatory orders in the fourth quarter of 2025. In 2024, the company reported GAAP earnings of $978 million, or $1.70 per basic and diluted share, on revenue of $13.5 billion. GAAP results for both periods reflect the impact of additional special items listed below.
Core Earnings (non-GAAP) in 2025 were $2.55 per share, a 7.6% increase compared to Core Earnings of $2.37 per share in 2024."In 2025, we reinforced our financial foundation and delivered on the strategies that are moving our company forward," said Brian X. Tierney, FirstEnergy Board Chairman, President and Chief Executive Officer. "We deployed $5.6 billion of system investments to enhance reliability while advancing key regulatory strategies that support long-term customer benefits and our commitments to the investment community. We are proud of our solid execution against our capital plan and solid financial discipline, which resulted in Core Earnings of $2.55 per share."We are entering 2026 with strong momentum and a proven business model that is driving our transformation into a premier electric company with the financial strength and flexibility to deliver value across all stakeholders," Tierney continued. "Last week our Board approved an increased quarterly dividend that reflects this momentum and our confidence in the company's future."Our updated and extended Energize365 investment program builds on this progress. Our $36 billion investment plan for 2026 to 2030 includes more than $19 billion of total transmission investment," Tierney added. "These investments will build a stronger, more resilient grid to minimize outages, prepare for future demand and advance regional, state and national energy priorities."OutlookFirstEnergy reaffirmed its 2026 Core Earnings guidance of $2.62 to $2.82 per share. This outlook is supported by the company's Energize365 capital investment plan of $6 billion in 2026 for distribution infrastructure renewal, grid modernization and significant reliability and resiliency enhancements to the high-voltage transmission system.FirstEnergy's $36 billion Energize365 program for 2026 through 2030 represents an increase of nearly 30% compared to its previous five-year investment plan and results in 10% compounded annual rate base growth through 2030. This investment plan positions FirstEnergy to deliver Core EPS compounded annual growth near the top end of 6-8% from 2026 to 2030.2025 ResultsCore Earnings growth in 2025 reflects FirstEnergy's regulated investment strategy, including the impact of base rates that were implemented in Pennsylvania during the year, total transmission rate base growth of nearly 11% and stronger distribution sales. These factors offset the impacts of higher operating expenses, which include the impact of increased maintenance work in Pennsylvania recovered in new base rates and maintenance activities accelerated into 2025 from 2026. Core Earnings also reflect higher financing costs and dilution in 2025 from the FET equity interest transaction that closed in March 2024.In the Distribution segment, 2025 Core Earnings increased $0.23 per share compared to 2024, primarily due to new base rates in Pennsylvania that went into effect on Jan. 1, 2025, as well as stronger sales and lower financing costs. This was partially offset by higher planned operating expenses and lower tax benefits. GAAP results in the distribution segment include charges recognized in the fourth quarter of 2025 resulting from PUCO orders related to the Ohio companies' base rate case and legacy matters. In the Integrated segment, the company's capital investment program drove transmission rate base growth of 14%, resulting in higher transmission-related earnings. Earnings also benefited from stronger customer demand. This was primarily offset by higher operating expenses and increased financing costs.In the Stand-Alone Transmission segment, 2025 Core Earnings increased primarily due to capital investments that drove a 9% increase in rate base year over year. Consolidated GAAP Earnings Per Share (EPS) to Core (Non-GAAP) EPS Reconciliation
12 Months Ended Dec. 31,
20252024
Earnings Attributable to FirstEnergy Corp. (GAAP) - $M
$1,020$978
Basic EPS (GAAP)
$1.77$1.70
Excluding Special Items:
Net Pension/OPEB credits
(0.35)(0.06)
Signal Peak earnings impact
—(0.13)
ARO regulatory change
(0.06)0.27
Debt-related costs
0.030.12
Enhanced employee retirement and other related costs
—0.01
FE Forward cost to achieve
—0.10
Investigation and other related costs
0.500.13
Regulatory charges
0.580.09
Reorganization costs
0.06—
Strategic transaction charges
0.020.14
Total Special Items
0.780.67
Core EPS (Non-GAAP)
$2.55$2.37
Per share amounts for the special items above are based on the after-tax effect of each item divided by the number of shares
outstanding for the period. The current and deferred income tax effect was calculated by applying the subsidiaries' statutory
tax rate to the pre-tax amount if deductible/taxable. The income tax rate ranges from 21% to 29%. Basic EPS (GAAP), and Core
EPS (non-GAAP) are based on 577 million shares for the full year of 2025 and 575 million shares for the full year of 2024. Non-GAAP Financial Measures We refer to certain financial measures, including Core Earnings (non-GAAP) per share ("Core EPS"), as "non-GAAP financial measures," which are not calculated in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") and exclude the impact of "special items" from earnings attributable to FirstEnergy Corp., as reflected in the table above. Core EPS is calculated based on the weighted average number of common shares outstanding in the respective period.Management uses these non-GAAP financial measures, including Core EPS, to evaluate the company's and its segments' performance and manage its operations and frequently references these non-GAAP financial measures in its decision-making, using them to facilitate historical and ongoing performance comparisons. Management believes that the non-GAAP financial measures of Core EPS provides consistent and comparable measures of performance of its businesses on an ongoing basis. Management also believes that this measure is useful to shareholders and other interested parties to understand performance trends and evaluate the company against its peer group by presenting period-over-period operating results without the effect of certain special items that may not be consistent or comparable across periods or across the company's peer group. These non-GAAP financial measures are intended to complement, and are not considered as alternatives to, the most directly comparable GAAP financial measures, which for Core EPS is EPS attributable to FirstEnergy Corp. (GAAP), as reconciled in the above table. Also, such non-GAAP financial measures may not be comparable to similarly titled measures used by other entities.Special items represent charges incurred or benefits realized that management believes are not indicative of, or may obscure trends useful in evaluating the company's ongoing core activities and results of operations or otherwise warrant separate classification. More detail on special items for the period can be found in the Company's Strategic and Financial Highlights, available at the company's Investor Information website – www.firstenergycorp.com/ir.Forward-Looking Non-GAAP Measures
A quantitative reconciliation of forward-looking non-GAAP measures, including 2026 Core EPS and Core EPS CAGR projections, to the most directly comparable GAAP measures is not provided because comparable GAAP measures for such measures are not available without unreasonable efforts due to the inherent difficulty in forecasting and quantifying measures that would be necessary for such reconciliation. Specifically, management cannot, without unreasonable effort, predict the impact of these special items in the context of Core EPS guidance and Core EPS CAGR projections because these items, which could be significant, are difficult to predict and may be highly variable. In addition, the company believes such a reconciliation would imply a degree of precision and certainty that could be confusing to investors. Forward-looking statements, including these special items, are based upon current expectations and are subject to factors that could cause actual results to differ materially from those suggested here, including those factors set forth under "Forward-Looking Statements," below.Investor Materials and Teleconference
FirstEnergy's Strategic and Financial Highlights presentation is posted on the company's Investor Information website – www.firstenergycorp.com/ir. It can be accessed through the Fourth Quarter 2025 Financial Results link. Important information may be disseminated initially or exclusively via the company's Investor Information website; investors should consult the site to access this information.The company invites investors, customers and other interested parties to listen to a live webcast of its teleconference for financial analysts and view presentation slides at 9:00 a.m. EST tomorrow. FirstEnergy management will present an overview of the company's financial results followed by a question-and-answer session. The teleconference and presentation can be accessed on the Investor Information website by selecting the Fourth Quarter 2025 Earnings Webcast link. The webcast and presentation will be archived on the website.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 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. FirstEnergy's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on X @FirstEnergyCorp.Forward-Looking Statements: This news release includes forward-looking statements based on information currently available to management and unless the context requires otherwise, references to "we," "us," "our" and "FirstEnergy" refers to FirstEnergy Corp. and its subsidiaries. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "forecast," "target," "will," "intend," "believe," "project," "estimate," "plan" and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, which may include the following: the potential liabilities, increased costs and unanticipated developments resulting from government investigations and agreements, including those associated with compliance with or failure to comply with the Deferred Prosecution Agreement entered into July 21, 2021 and settlements with the U.S. Attorney's Office for the Southern District of Ohio and the Securities and Exchange Commission ("SEC"); the risks and uncertainties associated with litigation, including the securities class-action lawsuit, regulatory proceedings, arbitration, mediation and similar proceedings; changes in national and regional economic conditions, including recession, volatile interest rates, inflationary pressure, supply chain disruptions, higher fuel costs, and workforce impacts, affecting us and/or our customers and the vendors with which we do business; variations in weather, such as mild seasonal weather variations and severe weather conditions (including events caused, or exacerbated, by climate change, such as wildfires, hurricanes, flooding, droughts, high wind events and extreme heat events) and other natural disasters, which may result in increased storm restoration expenses or material liability and negatively affect future operating results; the potential liabilities and increased costs arising from regulatory actions or outcomes in response to severe weather conditions and other natural disasters; legislative and regulatory developments, and executive orders, including, but not limited to, matters related to rates, generation resource adequacy, co-location of generation and large loads, and compliance and enforcement activity; the ability to access the public securities and other capital and credit markets in accordance with our financial plans, the cost of such capital and overall condition of the capital and credit markets affecting us, including the increasing number of financial institutions evaluating the impact of climate change on their investment decisions, and the loss of FirstEnergy Corp.'s status as a well-known seasoned issuer; the risks associated with physical attacks, such as acts of war, terrorism, sabotage or other acts of violence, and cyber-attacks and other disruptions to our, or our vendors', information technology system, which may compromise our operations, and data security breaches of sensitive data, intellectual property and proprietary or personally identifiable information; the ability to accomplish or realize anticipated benefits through establishing a culture of continuous improvement and our other strategic and financial goals, including, but not limited to, executing Energize365, our transmission and distribution investment plan, executing on our rate filing strategy, controlling costs, improving credit metrics, maintaining investment grade ratings, strengthening our balance sheet and growing earnings; changing market conditions affecting the measurement of certain liabilities and the value of assets held in our pension trusts may negatively impact our forecasted growth rate, results of operations and may also cause it to make contributions to its pension sooner or in amounts that are larger than currently anticipated; changes in assumptions regarding factors such as economic conditions within our territories, the reliability of our transmission and distribution system, our generation resource planning in West Virginia, or the availability of capital or other resources supporting identified transmission and distribution investment opportunities; human capital management challenges, including among other things, attracting and retaining appropriately trained and qualified employees and labor disruptions by our unionized workforce; ; changes to environmental laws and regulations, including, but not limited to, federal and state rules related to climate change, and potential changes to such laws and regulations; changes in customers' demand for power, including, but not limited to, economic conditions, the impact of climate change and emerging technology, particularly with respect to electrification, energy storage, co-location of generation and large loads, and distributed sources of generation; future actions taken by credit rating agencies that could negatively affect either our access to or terms of financing or our financial condition and liquidity; the potential of non-compliance with debt covenants in our credit facilities; the ability to comply with applicable reliability standards and energy efficiency and peak demand reduction mandates; changes to significant accounting policies; any changes in tax laws or regulations, including, but not limited to, the Inflation Reduction Act of 2022, the One Big Beautiful Bill Act of 2025, as signed into law on July 4, 2025, or adverse tax audit results or rulings and potential changes to such laws and regulations; the ability to meet our publicly-disclosed goals relating to climate-related matters, opportunities, improvements, and efficiencies, including FirstEnergy's greenhouse gas reduction goals; and the risks and other factors discussed from time to time in FirstEnergy Corp.'s SEC filings. Dividends declared from time to time on FirstEnergy Corp.'s common stock during any period may in the aggregate vary from prior periods due to circumstances considered by the FirstEnergy Corp. Board at the time of the actual declarations. A security rating is not a recommendation to buy or hold securities and is subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating. These forward-looking statements are also qualified by, and should be read together with, the risk factors included in FirstEnergy Corp.'s Form 10-K, Form 10-Q and in other filings with the SEC. The foregoing review of factors also should not be construed as exhaustive. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on FirstEnergy Corp.'s business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements. FirstEnergy Corp. expressly disclaims any obligation to update or revise, except as required by law, any forward-looking statements contained herein or in the information incorporated by reference as a result of new information, future events or otherwise.
View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-announces-2025-financial-results-affirms-2026-guidance-and-provides-long-term-financial-outlook-focused-on-delivering-value-to-customers-communities-and-investors-302689935.htmlSOURCE FirstEnergy Corp.
Original: FirstEnergy Announces 2025 Financial Results, Affirms 2026 Guidance and Provides Long-Term Financial Outlook Focused on Delivering Value to Customers, Communities and Investors
US Market News
4月前
Transource Energy and FirstEnergy Transmission Joint Venture Receive Approval for Major Electric Transmission Project in Central OhioFebruary 16, 2026 9:00 AM
PR Newswire (US)
Project will enhance grid capacity and reliability in the fast-growing greater Columbus regionCOLUMBUS, Ohio, Feb. 16, 2026 /PRNewswire/ -- Regional grid operator PJM Interconnection has selected a major electric transmission project to meet a critical infrastructure need in central Ohio. Jointly developed by Transource Energy, LLC (a partnership between American Electric Power Company, Inc and Evergy, Inc.) and FirstEnergy Transmission, LLC the project will help support rising electricity demand and ongoing economic growth in the fast-growing Columbus region.The companies jointly proposed the project through PJM's 2025 Regional Transmission Expansion Plan (RTEP) Open Window process last August and were today awarded approval by the PJM Board of Managers. PJM is the regional transmission organization that coordinates the transportation of wholesale electricity across the 13-state region that includes Ohio.The companies will jointly develop the project through the recently formed Grid Growth Ventures, LLC. This collaboration will leverage the companies' collective expertise and resources to deliver comprehensive and cost-effective solutions that address the region's growing power needs as more manufacturing facilities, data centers and electric vehicles come online.Reliable Power for Growing RegionThe proposed project includes approximately 300 miles of new 765-kilovolt (kV) lines and upgrades to several substations to significantly increase service reliability and economic growth opportunities in the region. One 765-kV line can power two million homes. Matching that output takes multiple lower voltage lines and a right of way nearly two football fields wider. By consolidating power in a single corridor, 765-kV lines cut land use in half to help reduce impacts on the local environment.Whether a resident, business owner or part of a growing community, the proposed transmission project is designed to deliver real benefits, including:More reliable service and faster restoration during outages.Enhanced infrastructure to attract new businesses of all sizes and support expansion of energy-intensive industries.A grid that's ready for tomorrow's energy needs.Improved access to an affordable power supply that helps keep energy costs stable for homes and businesses.Doug Cannon, President, AEP Transmission: "AEP has an unrivaled history in 765-kV transmission development. AEP has built and owns more extra-high voltage lines than any other company in the U.S. The project we're undertaking with FirstEnergy addresses the rapidly evolving energy demand we are seeing across the region and will enable us to continue providing reliable service to our customers and facilitate economic growth by making sure access to power is available."Mark Mroczynski, President, FirstEnergy Transmission: "Our transmission system is ideally situated at the center of regional growth, making it a powerful platform for economic development and energy reliability. Through Grid Growth, we're building the kind of energy infrastructure that powers future generations of new businesses, good jobs and vibrant communities."This strategic joint venture comes at a time when the Federal Energy Regulatory Commission is encouraging efficient and cost-effective regional transmission development. By working together, Transource and FirstEnergy Transmission are leveraging their strengths to deliver smarter solutions to meet the region's power capacity needs.About Transource EnergyTransource Energy is a partnership between American Electric Power (Nasdaq: AEP) and Evergy focused on the development and investment in competitive electric transmission projects across the U.S. AEP owns 86.5% of Transource. Evergy owns 13.5% of Transource.AEP is committed to improving our customers' lives with reliable, affordable power. We expect to invest $72 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 17,000 employees operate and maintain the nation's largest electric transmission system with approximately 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com.About FirstEnergy TransmissionFirstEnergy Transmission, jointly owned by FirstEnergy Corp. (NYSE: FE) and Brookfield Super-Core Infrastructure Partners, owns and operates American Transmission Systems, Inc. (ATSI), Mid-Atlantic Interstate Transmission, LLC (MAIT) and Trans-Allegheny Interstate Line Company (TrAILCo). FirstEnergy is 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 online at firstenergycorp.com and on X @FirstEnergyCorp.
View original content to download multimedia:https://www.prnewswire.com/news-releases/transource-energy-and-firstenergy-transmission-joint-venture-receive-approval-for-major-electric-transmission-project-in-central-ohio-302688676.htmlSOURCE American Electric Power
Original: Transource Energy and FirstEnergy Transmission Joint Venture Receive Approval for Major Electric Transmission Project in Central Ohio
US Market News
4月前
FirstEnergy Transmission and Transource Energy Joint Venture Receive Approval for Major Electric Transmission Project in Central OhioFebruary 16, 2026 9:00 AM
PR Newswire (US)
Project will enhance grid capacity and reliability in the fast-growing greater Columbus regionAKRON, Ohio, Feb. 16, 2026 /PRNewswire/ -- Regional grid operator PJM Interconnection has selected a major electric transmission project to meet a critical infrastructure need in central Ohio. Jointly developed by FirstEnergy Transmission LLC and Transource Energy – a partnership between American Electric Power and Evergy, Inc. – the project will support rising electricity demand and ongoing economic growth in the fast-growing Columbus region.
The companies jointly proposed the project through PJM's 2025 Regional Transmission Expansion Plan (RTEP) Open Window process last August and were awarded approval Feb. 12 by the PJM Board of Managers. PJM is the regional transmission organization that coordinates the transportation of wholesale electricity across the 13-state region that includes Ohio.The companies will jointly develop the project through the recently formed Grid Growth Ventures LLC. This collaboration will leverage the companies' collective expertise and resources to deliver comprehensive and cost-effective solutions that address the region's growing power needs as more manufacturing facilities, data centers and electric vehicles come online.Reliable Power for Growing RegionThe proposed project includes more than 300 miles of new 765-kilovolt (kV) lines and upgrades to several substations to significantly increase service reliability and economic growth opportunities in the region. One 765-kV line can power two million homes. Matching that output takes multiple lower voltage lines and a right of way nearly two football fields wider. By consolidating power in a single corridor, 765-kV lines cut land use in half to help reduce impacts on the local environment.Whether a resident, business owner or part of a growing community, the proposed transmission project is designed to deliver real benefits, including:More reliable service and faster restoration during outages.Enhanced infrastructure to attract new businesses of all sizes and support expansion of energy-intensive industries.A grid that's ready for tomorrow's energy needs.Improved access to an affordable power supply that helps keep energy costs stable for homes and businesses.Mark Mroczynski, President, FirstEnergy Transmission: "Our transmission system is ideally situated at the center of regional growth, making it a powerful platform for economic development and energy reliability. Through Grid Growth, we're building the kind of energy infrastructure that powers future generations of new businesses, good jobs and vibrant communities."Collaboration That Drives ResultsThis strategic joint venture comes at a time when the Federal Energy Regulatory Commission (FERC) is encouraging efficient and cost-effective regional transmission development. By working together, FirstEnergy Transmission and Transource Energy are leveraging their strengths to deliver smarter solutions to meet the region's power capacity needs.Doug Cannon, President, AEP Transmission: "AEP has an unrivaled history in 765-kV transmission development. AEP has built and owns more extra-high voltage lines than any other company in the United States. The project we're undertaking with FirstEnergy Transmission addresses the rapidly evolving energy demand we are seeing across the region and will enable us to continue providing reliable service to our customers and facilitate economic growth by making sure access to power is available."About FirstEnergy TransmissionFirstEnergy Transmission, jointly owned by FirstEnergy Corp. (NYSE: FE) and Brookfield Super-Core Infrastructure Partners, owns and operates American Transmission Systems Inc. (ATSI), Mid-Atlantic Interstate Transmission LLC (MAIT) and Trans-Allegheny Interstate Line Company (TrAILCo). FirstEnergy is 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 online at firstenergycorp.com and on X @FirstEnergyCorp.About Transource EnergyTransource Energy is a partnership between American Electric Power (Nasdaq: AEP) and Evergy (Nasdaq: EVRG) focused on the development and investment in competitive electric transmission projects across the U.S. AEP owns 86.5% of Transource. Evergy owns 13.5% of Transource.AEP is committed to improving our customers' lives with reliable, affordable power. We expect to invest $72 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 17,000 employees operate and maintain the nation's largest electric transmission system with approximately 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-transmission-and-transource-energy-joint-venture-receive-approval-for-major-electric-transmission-project-in-central-ohio-302688694.htmlSOURCE FirstEnergy Corp.
Original: FirstEnergy Transmission and Transource Energy Joint Venture Receive Approval for Major Electric Transmission Project in Central Ohio
US Market News
4月前
Mon Power and Potomac Edison Select Maidsville, West Virginia, Site for New Natural Gas Power PlantFebruary 13, 2026 4:37 PM
PR Newswire (US)
Approval of new gas and solar generation proposed in Integrated Resource Plan will help keep power reliable and affordable for customersFAIRMONT, W.Va., Feb. 13, 2026 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have selected a 35-acre site next to the companies' Fort Martin Power Station in Maidsville, W. Va., as the home of a new 1,200-megawatt natural gas power plant that will help keep electricity reliable and affordable for West Virginia families and businesses for years to come.
Once complete, the plant is expected to generate enough energy to power roughly half a million homes, strengthening the region's energy supply as demand continues to grow.If approved by the Public Service Commission of West Virginia (PSC), site work would begin as early as 2027, with the plant coming online in late 2031. The companies expect a decision from the commission within the next year. The natural gas plant is a key part of Mon Power and Potomac Edison's Integrated Resource Plan (IRP), which outlines how the companies will continue delivering reliable, affordable power to customers over the next decade. The plan also calls for continued operation of the Fort Martin and Harrison power plants and adds new solar resources to create a more balanced and resilient energy portfolio.Jim Myers, FirstEnergy's President of West Virginia and Maryland: "The Fort Martin Power Station is already an important part of our power infrastructure, and this new plant builds on that strength. By adding modern natural gas generation alongside our existing plants, we are making sure families and businesses across West Virginia have the reliable and affordable power they depend on today and for years to come."Building on growing solar portfolio Mon Power and Potomac Edison are also seeking approval for 70 megawatts of new solar generation, as described in the IRP. These proposed projects would be built on former industrial and reclaimed mine lands, including:A 50-megawatt project on a 188-acre former strip mine at a private airfield in Valley Point (Preston County)An 8.4-megawatt project on a 51-acre site surrounding a Mon Power substation in the Wylie Ridge area of Weirton (Hancock County)An 11.5-megawatt project on a 44-acre reclaimed strip mine property in Davis (Tucker County)These new sites would complement the companies' existing solar portfolio of 30 megawatts already constructed since 2024 on brownfield and former industrial sites. Beyond offering clean energy, these projects support U.S. manufacturing, create construction jobs and help meet the region's fast-growing electricity needs.Mon Power serves about 395,000 customers in 34 West Virginia counties. Follow Mon Power at mon-power.com, on X @MonPowerWV, and on Facebook at facebook.com/MonPowerWV.Potomac Edison serves about 285,000 customers in seven counties in Maryland and 155,000 customers in the Eastern Panhandle of West Virginia. Follow Potomac Edison at potomacedison.com, on X @PotomacEdison, and on Facebook at facebook.com/PotomacEdison.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 online at firstenergycorp.com and on X @FirstEnergyCorp.
View original content to download multimedia:https://www.prnewswire.com/news-releases/mon-power-and-potomac-edison-select-maidsville-west-virginia-site-for-new-natural-gas-power-plant-302688078.htmlSOURCE FirstEnergy Corp.
Original: Mon Power and Potomac Edison Select Maidsville, West Virginia, Site for New Natural Gas Power Plant
US Market News
4月前
JCP&L Customers Experiencing Fewer Outages as $95 Million Reliability Project Reaches MidpointFebruary 12, 2026 3:30 PM
PR Newswire (US)
Upgrades in Hunterdon, Ocean and Warren Counties move the project into home stretchHOLMDEL, N.J., Feb. 12, 2026 /PRNewswire/ -- Thousands of Jersey Central Power & Light (JCP&L) customers saw fewer power outages last year as the company reached the halfway point of its $95 million New Jersey Reliability Improvement Project – a multi-year effort to make the electric system stronger and more dependable.
In parts of Morris and Monmouth counties, nearly 16,500 customers experienced more than an 80% drop in outages in 2025 compared to the year before, thanks to upgrades on local power lines targeted by the project.Doug Mokoid, FirstEnergy's President, New Jersey: "These improvements are keeping lights on more often and getting them back on faster when they do go out. We're seeing real improvements, and we're committed to making smart investments to bring that same level of reliability to even more communities as this work continues."Investments Driving Results
To reduce the number and length of outages, JCP&L is improving areas that have had frequent service interruptions by:Strengthening poles and wires so they hold up better during storms.Moving certain power lines underground in places where overhead equipment is more easily damaged.Adding smart equipment that can automatically detect problems and restore power faster.Adjusting how local lines are arranged so fewer customers lose power when something goes wrong.Increasing tree trimming to help prevent branches and vegetation from causing outages.More Improvement on the Way
The New Jersey Reliability Improvement Project includes upgrades to 18 circuits – groups of neighborhood power lines – across JCP&L's service area. Work is already underway on seven of them, with three more starting this month and six beginning in early 2026.Upcoming work includes:Hunterdon County: More than seven miles of upgraded overhead line and 1,000 feet of new underground cable near the Glen Gardner substation plus new transformers and devices, giving crews more flexibility to keep customers powered.Southern Ocean County: A new 4.3-mile power line along Route 9 and additional smart devices to reduce the number of customers affected during an outage.Warren County: Upgrades to more than nine miles of power lines and new protective equipment for customers served by the Blairstown substation.These three projects, scheduled to finish by year-end, will improve reliability for nearly 10,000 customers.Part of a Bigger Investment in Reliability
JCP&L's New Jersey Reliability Improvement Project is part of Energize365, FirstEnergy's long-term investment program to modernize and strengthen the electric grid. FirstEnergy plans to invest $28 billion between 2025 and 2029 to build a smarter, more resilient grid that meets the evolving needs of communities across the service area.JCP&L serves 1.2 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 Corp. (NYSE: FE) 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/jcpl-customers-experiencing-fewer-outages-as-95-million-reliability-project-reaches-midpoint-302686872.htmlSOURCE FirstEnergy Corp.
Original: JCP&L Customers Experiencing Fewer Outages as $95 Million Reliability Project Reaches Midpoint
US Market News
4月前
FirstEnergy Corp. Declares Increased Common Stock Dividend of 46.5 Cents Per ShareFebruary 11, 2026 4:20 PM
PR Newswire (US)
Represents 2026 annual rate of $1.86 per share, pending continued Board approvalCompares to $1.78 per share in 2025 declared dividends AKRON, Ohio, Feb. 11, 2026 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE: FE) today declared a quarterly dividend of 46.5 cents per share of outstanding common stock payable June 1, 2026, to shareholders of record at the close of business on May 7, 2026. This represents a 4.5% increase from the company's previous quarterly dividend.
"This dividend increase reflects the successful execution of our strategy and the long-term transformation we are driving across our business as we invest in the reliability and resiliency of the electric system," said Brian X. Tierney, FirstEnergy Chairman, President and Chief Executive Officer. "We've built significant momentum over the last three years and we are confident in our ability to continue delivering value to our customers, communities and investors."Subject to continued Board approval, FirstEnergy expects to declare dividends totaling $1.86 per share in 2026, in line with the company's targeted payout ratio of 60-70% of Core (non-GAAP) Earnings. This compares to declared dividends of $1.78 per share in 2025.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 6 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 online at www.firstenergycorp.com and on X @FirstEnergyCorp.Forward-Looking Statements: This news release includes forward-looking statements based on information currently available to management and unless the context requires otherwise, references to "we," "us," "our" and "FirstEnergy" refers to FirstEnergy Corp. and its subsidiaries. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "forecast," "target," "will," "intend," "believe," "project," "estimate," "plan" and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, which may include the following: the potential liabilities, increased costs and unanticipated developments resulting from government investigations and agreements, including those associated with compliance with or failure to comply with the Deferred Prosecution Agreement entered into July 21, 2021 and settlements with the U.S. Attorney's Office for the Southern District of Ohio and the Securities and Exchange Commission ("SEC"); the risks and uncertainties associated with government investigations and audits regarding Ohio House Bill 6, as passed by Ohio's 133rd General Assembly ("HB 6") and related matters, including potential adverse impacts on federal or state regulatory matters, including, but not limited to, matters relating to rates; the risks and uncertainties associated with litigation, arbitration, mediation and similar proceedings, particularly regarding HB 6 related matters; changes in national and regional economic conditions, including recession, volatile interest rates, inflationary pressure, supply chain disruptions, higher fuel costs, and workforce impacts, affecting us and/or our customers and those vendors with which we do business; variations in weather, such as mild seasonal weather variations and severe weather conditions (including events caused, or exacerbated, by climate change, such as wildfires, hurricanes, flooding, droughts, high wind events and extreme heat events) and other natural disasters, which may result in increased storm restoration expenses or material liability and negatively affect future operating results; the potential liabilities and increased costs arising from regulatory actions or outcomes in response to severe weather conditions and other natural disasters; legislative and regulatory developments, and executive orders, including, but not limited to, matters related to rates, energy regulatory policies, compliance and enforcement activity, cyber security, climate change, and equity and inclusion; the ability to access the public securities and other capital and credit markets in accordance with our financial plans, the cost of such capital and overall condition of the capital and credit markets affecting us, including the increasing number of financial institutions evaluating the impact of climate change on their investment decisions, and the loss of FirstEnergy Corp.'s status as a well-known seasoned issuer; the risks associated with physical attacks, such as acts of war, terrorism, sabotage or other acts of violence, and cyber-attacks and other disruptions to our, or our vendors', information technology system, which may compromise our operations, and data security breaches of sensitive data, intellectual property and proprietary or personally identifiable information; the ability to accomplish or realize anticipated benefits through establishing a culture of continuous improvement and our other strategic and financial goals, including, but not limited to, executing Energize365, our transmission and distribution investment plan, executing on our rate filing strategy, controlling costs, improving credit metrics, maintaining investment grade ratings, strengthening our balance sheet and growing earnings; changing market conditions affecting the measurement of certain liabilities and the value of assets held in our pension trusts may negatively impact our forecasted growth rate, results of operations and may also cause it to make contributions to its pension sooner or in amounts that are larger than currently anticipated; changes in assumptions regarding factors such as economic conditions within our territories, the reliability of our transmission and distribution system, our generation resource planning in West Virginia, or the availability of capital or other resources supporting identified transmission and distribution investment opportunities; human capital management challenges, including among other things, attracting and retaining appropriately trained and qualified employees and labor disruptions by our unionized workforce; mitigating exposure for remedial activities associated with retired and formerly owned electric generation assets, including those sites impacted by the legacy coal combustion residual rules that were finalized during 2024, and the Environmental Protection Agency's reconsideration of such rule; changes to environmental laws and regulations, including, but not limited to, federal and state rules related to climate change, and potential changes to such laws and regulations; changes in customers' demand for power, including, but not limited to, economic conditions, the impact of climate change, emerging technology, particularly with respect to electrification, energy storage and distributed sources of generation; future actions taken by credit rating agencies that could negatively affect either our access to or terms of financing or our financial condition and liquidity; the potential of non-compliance with debt covenants in our credit facilities; the ability to comply with applicable reliability standards and energy efficiency and peak demand reduction mandates; changes to significant accounting policies; any changes in tax laws or regulations, including, but not limited to, the Inflation Reduction Act of 2022, the One Big Beautiful Bill Act of 2025, as signed into law on July 4, 2025, or adverse tax audit results or rulings and potential changes to such laws and regulations; the ability to meet our publicly-disclosed goals relating to climate-related matters, opportunities, improvements, and efficiencies, including FirstEnergy's Greenhouse gas reduction goals' and the risks and other factors discussed from time to time in FirstEnergy Corp.'s SEC filings. Dividends declared from time to time on FirstEnergy Corp.'s common stock during any period may in the aggregate vary from prior periods due to circumstances considered by the FirstEnergy Corp. Board at the time of the actual declarations. A security rating is not a recommendation to buy or hold securities and is subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating. These forward-looking statements are also qualified by, and should be read together with, the risk factors included in FirstEnergy Corp.'s Form 10-K, Form 10-Q and in other filings with the SEC. The foregoing review of factors also should not be construed as exhaustive. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on FirstEnergy Corp.'s business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements. FirstEnergy Corp. expressly disclaims any obligation to update or revise, except as required by law, any forward-looking statements contained herein or in the information incorporated by reference as a result of new information, future events or otherwise.
View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-corp-declares-increased-common-stock-dividend-of-46-5-cents-per-share-302685548.htmlSOURCE FirstEnergy Corp.
Original: FirstEnergy Corp. Declares Increased Common Stock Dividend of 46.5 Cents Per Share
US Market News
4月前
Stronger Poles, New Wire to Deliver More Reliable Power to Monmouth CountyFebruary 9, 2026 1:25 PM
PR Newswire (US)
HOLMDEL, N.J., Feb. 9, 2026 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) electric company Jersey Central Power & Light (JCP&L) is completing major upgrades to the local power grid in northern Monmouth County. The work is designed to reinforce the electric system and deliver more reliable service for nearly 25,000 homes and businesses across Marlboro Township, Holmdel Township, Matawan Borough, Aberdeen Township and Middletown Township.
At the center of the project is replacement of equipment originally installed in the 1970s. Key work includes:Upgrading 10 miles of existing power lines with stronger, modern wire.Replacing older wooden poles with new, more durable ones made of wood, steel and wood-laminated structures.Adding a second set of lines along the corridor to offer multiple pathways to keep the power on when problems arise.Construction began in mid-2025 and is expected to be completed in the spring.Built to Handle What's Ahead
These upgrades increase the capacity of the transmission system and provide a sturdier foundation for the area's growing energy needs.Think of the work as upgrading from a two-lane road to a four-lane highway. With more capacity and stronger infrastructure, the system can better handle increased "traffic" and bounce back faster when issues occur.Once completed, the upgrades will help:Reduce the number of outagesRestore service faster when problems do arise.Prepare for growing energy use in the area.Doug Mokoid, FirstEnergy's President of New Jersey: "Reliable power is essential for every home and business in Monmouth County, and these upgrades give our communities a stronger, more resilient electric system built for the future. By reinforcing this corridor with modern equipment and new backup lines, we're creating a stronger system that can better withstand storms and other conditions that lead to outages and will support the region's growth."Part of a Bigger Investment in Reliability
This approximately $30 million project is part of Energize365, FirstEnergy's long-term investment program to modernize and strengthen the electric grid. FirstEnergy plans to invest $28 billion between 2025 and 2029 to build a smarter, more resilient grid that meets the evolving needs of communities across the service area.JCP&L serves 1.2 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 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. Visit FirstEnergy online at firstenergycorp.com and follow FirstEnergy on X @FirstEnergyCorp.
View original content to download multimedia:https://www.prnewswire.com/news-releases/stronger-poles-new-wire-to-deliver-more-reliable-power-to-monmouth-county-302682842.htmlSOURCE FirstEnergy Corp.
Original: Stronger Poles, New Wire to Deliver More Reliable Power to Monmouth County
US Market News
4月前
FirstEnergy Builds Greener Communities with 30,000+ Trees Planted in 2025, 26,000 Planned for 2026February 4, 2026 3:48 PM
PR Newswire (US)
AKRON, Ohio, Feb. 4, 2026 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is growing its commitment to healthier, greener communities by donating and planting tens of thousands of trees across its six-state service territory each year. In 2025, employees and community partners helped plant more than 30,000 trees, surpassing the company's annual goal. In 2026, FirstEnergy plans to build on that momentum by planting and donating more than 26,000 additional trees, continuing a program that began in 2020.
Strong Roots in Service
Much of the planting was done by FirstEnergy's local Green Teams, groups of employees who volunteer their time together to environmental causes. Since launching the initiative in 2020, the Green Teams have helped put 131,000 trees in the ground, partnering with parks, schools and local organizations to choose safe locations and native species well-suited to local environments.Jessica Shaffer, Advanced Scientist and Lead of FirstEnergy's Green Teams: "Nearly 800 FirstEnergy employees volunteered their time to help make our communities greener, cleaner and a more beautiful place to live, work and raise a family. These trees are planted in strategic locations, safely away from power lines. We live and work in some of the most beautiful states in the country, and we're committed to giving back by creating greener, cleaner and healthier communities."A Growing Impact in 2025
FirstEnergy employees volunteered at 151 events in 2025, contributing 3,438 hours to support tree-planting efforts. More than half of these events took place in underserved communities.Across FirstEnergy's service territory, 2025 tree donations and plantings included:Ohio: Nearly 14,000 trees donated and planted by 440 employees at 70 events.Pennsylvania: More than 6,000 trees donated and planted by 62 employees at 16 events.West Virginia & Maryland: More than 7,000 trees donated and planted by 227 employees at 50 events.New Jersey: More than 2,000 trees donated and planted by 68 employees at 15 events.In addition to the tree-planting events, FirstEnergy's Green Teams planted 26 community gardens in 2025, totaling 113,289 square feet, helping support pollinators that are essential to healthy ecosystems.Looking Ahead to 2026
The 2026 goal of planting more than 26,000 trees reflects FirstEnergy's continued commitment to providing cleaner air, stronger ecosystems and improved green spaces where customers live, work and play.Native varieties – including red maple, hickory, oak and dogwood – will be planted in partnership with nonprofits and community groups. These trees offer natural shade, support watershed health, add beauty to neighborhoods and provide fruit for local schools and food banks.For more information about FirstEnergy's environmental and corporate responsibility efforts, visit fecorporateresponsibility.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 online at firstenergycorp.com and on X @FirstEnergyCorp.Editor's Note: Photos of FirstEnergy tree planting events are available for download on Flickr.
View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-builds-greener-communities-with-30-000-trees-planted-in-2025--26-000-planned-for-2026--302679425.htmlSOURCE FirstEnergy Corp.
Original: FirstEnergy Builds Greener Communities with 30,000+ Trees Planted in 2025, 26,000 Planned for 2026
US Market News
4月前
Potomac Edison Pilot Program to Help Maryland Schools Transition to Clean, Electric BusesFebruary 4, 2026 10:31 AM
PR Newswire (US)
Company program will support school systems with funding and charging infrastructure and will test vehicle-to-grid (V2G) technologyWILLIAMSPORT, Md., Feb. 4, 2026 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has been granted approval from the Maryland Public Service Commission to launch a pilot program that will help local school systems shift to cleaner, zero-emission school buses. The program is designed to make the move to electric buses easier and more affordable, bringing quieter rides for students, cleaner air for neighborhoods and long-term savings for school districts.
Supporting Maryland's Clean Transportation Goals
Maryland's Climate Solutions Now Act of 2022 requires public school systems to purchase or contract only zero-emission vehicles moving forward. Potomac Edison's pilot program helps school districts meet this requirement by removing some of the biggest financial hurdles. The company will cover the cost difference – typically about $250,000 – between diesel and electric buses along with the cost of charging equipment and the electrical upgrades needed for installation.Jim Myers, FirstEnergy's President of West Virginia and Maryland: "Maryland's public schools are taking important steps toward cleaner, healthier transportation for students, and this program is designed to help make that transition more practical and affordable. We're reducing upfront costs and offering hands-on support to help school systems integrate electric buses smoothly. At the same time, we're exploring how these buses can support grid reliability through innovative technology – a promising opportunity that could benefit customers across the counties we serve."Program Highlights
The $11.1 million program will launch in early 2026 and includes:Incentives for up to 28 electric school buses in Potomac Edison's Maryland service territory.Full technical and administrative support to help school systems identify charging locations, install necessary equipment and train personnel on vehicle operation and charging.Access to vehicle-to-grid (V2G) technology, allowing Potomac Edison to test how stored energy in bus batteries can flow back to the grid when buses aren't in use – potentially supporting grid reliability during emergencies.The program will run for five years or until funds have been exhausted.Potomac Edison serves about 285,000 customers in all or parts of Allegany, Carroll, Frederick, Garrett, Howard, Montgomery and Washington counties in Maryland. Follow Potomac Edison at www.potomacedison.com, on X @PotomacEdison, and on Facebook at facebook.com/PotomacEdison.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 online at www.firstenergycorp.com and on X @FirstEnergyCorp.
View original content to download multimedia:https://www.prnewswire.com/news-releases/potomac-edison-pilot-program-to-help-maryland-schools-transition-to-clean-electric-buses-302679138.htmlSOURCE FirstEnergy Corp.
Original: Potomac Edison Pilot Program to Help Maryland Schools Transition to Clean, Electric Buses
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