Firstenergy Corp Stock Price, News & Analysis

FirstEnergy Corp. (NYSE: FE) has announced plans to offer $1.8 billion in convertible senior notes through a private placement, consisting of $950 million notes due 2029 and $850 million due 2031. The company will grant initial purchasers options to buy additional notes worth $150 million for each series. The proceeds will primarily be used to repurchase $1.5 billion of existing 4.00% convertible notes due 2026, repay other debt, and for general corporate purposes. The notes will be unsecured, unsubordinated, and convertible to cash or a combination of cash and common stock. The offering is exclusively available to qualified institutional buyers under Rule 144A of the Securities Act.

FirstEnergy subsidiaries Mon Power and Potomac Edison have completed their third utility-scale solar site in West Virginia, located in Berkeley County's Marlowe area. The 36-acre facility features over 17,000 solar panels generating up to 5.75 megawatts of renewable power. Built on a former ash landfill site, the project employed 54 local union workers and used U.S.-made components. This installation is part of a larger initiative authorized by West Virginia legislation allowing electric companies to own and operate up to 200 megawatts of solar generation. The companies have now achieved 30 megawatts of solar capacity across three sites, with plans to develop two more projects to reach 50 megawatts total. The program generates solar renewable energy credits (SRECs) available for purchase at 4 cents per kilowatt hour above normal rates.

The FirstEnergy Foundation has distributed over $2 million in charitable contributions during the first half of 2025 to support local nonprofits. The foundation granted nearly $1.1 million for community needs including hunger relief, youth education, and disaster relief efforts, while their employee-driven United Way Campaign generated over $1 million with company matching contributions.

The foundation supported more than 800 organizations directly and 104 United Way agencies. FirstEnergy employees have contributed nearly 5,000 volunteer hours through the company's Volunteer Time Off program, which provides 16 hours annually per employee. The company is currently seeking a new Foundation leader following Lorna Wisham's retirement, with Amanda Mertens Campbell serving as interim leader.

FirstEnergy Corp. (NYSE: FE) subsidiary Mid-Atlantic Interstate Transmission Company (MAIT) has launched a helicopter-based tree trimming operation using an aerial saw along more than 400 miles of high-voltage power lines in Pennsylvania. The initiative, part of FirstEnergy's $51 million vegetation management program, covers 16 counties in the Penelec service area and will continue through the end of 2025.

The aerial saw, equipped with 24-inch rotary blades, can cut tree limbs 8-10 inches in diameter and is particularly effective in environmentally sensitive or hard-to-access areas. This method is significantly more efficient than traditional ground crews, completing in one day what might take a ground team a week. The project is part of a larger initiative to trim trees along 4,100 miles of power lines in the Penelec area, serving approximately 597,000 customers across 17,600 square miles.

FirstEnergy (NYSE: FE) subsidiary Mon Power is deploying a helicopter-mounted aerial saw to trim trees along more than 230 miles of high-voltage transmission lines across 19 West Virginia counties through the end of 2025. The aerial saw, equipped with 24-inch rotary blades, can cut limbs 8-10 inches in diameter and is specifically used in environmentally sensitive or hard-to-access areas.

This efficient method can cover more area in one day than a ground crew could complete in a week, while eliminating worker safety risks. Additionally, Mon Power has already trimmed trees along 1,700 miles of distribution power lines and plans to complete an additional 3,500 miles of tree-trimming work by year-end. The initiative aims to prevent tree-related power outages and maintain system reliability for Mon Power's 395,000 customers across 34 West Virginia counties.

FirstEnergy Corp. (NYSE: FE) held its 2025 Annual Meeting where Board Chair, President and CEO Brian X. Tierney highlighted the company's transformation progress. The company's Energize365 capital investment program invested $4.5 billion in 2024, a 20% increase from 2023. FirstEnergy expanded its five-year investment target to $28 billion through 2029, including $5 billion planned for 2025. The company implemented an operating model redesign to enhance local decision-making across its five-state region. Shareholders reelected 10 directors and approved executive compensation while rejecting a proposal on lobbying activities reporting. FirstEnergy serves over 6 million customers across six states and operates approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.

FirstEnergy Corp. (NYSE: FE) is implementing a proactive safety measure by temporarily suspending streetlight service in several Lake Erie communities during mayfly season. The initiative, affecting Port Clinton, Marblehead, and Erie Township, aims to prevent hazardous driving conditions caused by mayfly swarms attracted to streetlights. The seasonal suspension will begin in preparation for the mayfly emergence in late June and continue until September.

Mayflies, which emerge from Lake Erie's mud and live only 24-72 hours, can create dangerous road conditions due to the oily residue their carcasses leave behind. Ohio Edison, serving over 1 million customers across 34 Ohio counties, will resume streetlight service once the hatching season ends. The company advises pedestrians and cyclists to take extra precautions when traveling along affected roads, including wearing bright clothing and using sidewalks.

FirstEnergy Corp. (NYSE: FE) subsidiaries Mon Power and Potomac Edison have announced various programs and tools to help customers manage their electricity bills in West Virginia. The company is offering several key initiatives including:

The Average Payment Plan (APP), a budget billing option that spreads annual costs across 12 months to manage seasonal variations. Through MyAccount, customers can access the Analyze Usage tool for personalized energy-saving insights and usage tracking. The company also provides bill assistance programs and payment plans for qualifying customers.

Additionally, FirstEnergy shares energy-saving tips including weatherstripping, HVAC maintenance, and proper thermostat placement. Mon Power serves about 395,000 customers in West Virginia, while Potomac Edison serves 155,000 customers in the state's Eastern Panhandle.

Potomac Edison, a FirstEnergy Corp. (NYSE: FE) subsidiary, has announced various programs and tools to help customers manage their electricity bills as summer approaches. The company's key offerings include:

The Average Payment Plan (APP), a budget billing solution that spreads annual costs across 12 months to manage seasonal fluctuations. Through MyAccount, customers can access the Analyze Usage tool for personalized energy-saving insights and usage tracking. The company also provides bill assistance programs and payment plans for customers experiencing difficulties.

Additionally, Potomac Edison shared energy-saving tips including weatherstripping, HVAC maintenance, proper thermostat placement, and regular filter changes. The company serves approximately 285,000 customers in Maryland and 155,000 customers in West Virginia.