Welcome to our dedicated page for Firstenergy news (Ticker: FE), a resource for investors and traders seeking the latest updates and insights on Firstenergy stock.
FirstEnergy Corp. reports developments for an investor-owned electric utility holding company with distribution companies in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York and transmission subsidiaries that connect the Midwest and Mid-Atlantic regions.
Recurring updates cover GAAP and core earnings, distribution and transmission rate-base growth, capital spending for grid reliability, and regulatory proceedings such as Ohio distribution rate plans. Company news also covers projects by American Transmission Systems, Potomac Edison, Ohio Edison, Toledo Edison and The Illuminating Company, including line rebuilds, tree trimming, time-of-use rates, storm restoration and operational leadership changes.
FirstEnergy (NYSE: FE) subsidiary Jersey Central Power & Light (JCP&L) has filed a rate proposal with the New Jersey Board of Public Utilities that combines delayed bill impacts with ongoing grid investments. The plan includes a $253 million increase in base distribution rates, effective May 6, 2027, but uses proposed offsets so residential customers do not feel base delivery changes until January 2028. It also seeks recovery of $476 million in deferred storm costs through a separate charge starting January 2028, spread over 10 years.
If approved, the average customer bill would rise about 8.5%, with residential customers up roughly 8.8%, or $14.23 per month for a typical 767 kWh user. JCP&L highlights $1.5 billion of capital spending over three years, reliability improvements of 15% in 2025 versus 2024 and 38% so far this year, and a plan supporting an additional $2.1 billion in base distribution investments within a five-year, $6.9 billion capital program, including grid modernization, EnergizeNJ remote control, transmission upgrades, vegetation management and energy efficiency initiatives.
FirstEnergy (NYSE: FE), through the FirstEnergy Foundation, announced a $100,000 grant to the American Red Cross of New Jersey following four days of severe storms that impacted Jersey Central Power & Light (JCP&L) customers.
The contribution directs $50,000 to Northern New Jersey response efforts and $50,000 to the new Central New Jersey Disaster Response Command Center in Tinton Falls. According to the company, the funds will support coordinated emergency response and recovery, cleanup assistance for storm-impacted families, and community preparedness programs. Approximately 5,700 JCP&L personnel and contractors were involved in what the company described as its largest storm restoration in years.
FirstEnergy (NYSE: FE) reported second quarter 2026 GAAP earnings of $288 million, or $0.50 per share, on revenue of $3.7 billion, up from $268 million, or $0.46 per share, on $3.4 billion revenue a year earlier. Core Earnings were $0.50 per share, compared with $0.52 in second quarter 2025.
For the first half of 2026, GAAP EPS was $1.20 and Core EPS $1.22, versus $1.09 and $1.19 in 2025. The company reaffirmed its 2026 Core EPS guidance of $2.62–$2.82 and long-term Core EPS CAGR near the top of 6%–8% for 2026–2030, supported by a $6 billion 2026 capital plan and the $36 billion five-year Energize365 grid modernization program, about 30% larger than its prior plan.
Data center demand (contracted and pipeline) increased 30% since first quarter 2026, with contracted demand at 6.4 GW, while West Virginia demand rose 137% to 4.3 GW. Transmission rate base grew 22% in the Integrated segment and 11% in Stand-Alone Transmission, supporting a consolidated trailing 12‑month return on equity of 9.5%.
FirstEnergy (NYSE: FE) announced that its Board of Directors has declared a quarterly dividend of 46.5 cents per share on its outstanding common stock. The dividend is payable on September 1, 2026, to shareholders of record as of the close of business on August 7, 2026.
FirstEnergy (NYSE: FE), through subsidiary Jersey Central Power & Light (JCP&L), reports that more than $3 million of recent grid upgrades in parts of Somerset County, New Jersey, have cut outages by up to half and sped restoration by as much as 62% for customers in Bedminster, Bernards and Bernardsville.
According to JCP&L, targeted work in The Hills neighborhood included upgraded overhead and underground lines, enhanced tree trimming, new automation to isolate faults, and sectionalizing devices to reroute power. In Upper Hills, outages fell 52% with 65% less outage time; Lower Hills saw 38% fewer outages and 56% less outage time. In Bernardsville, rebuilt, more accessible lines after a 2023 tornado contributed to a 32% outage reduction and 62% faster restoration. The company adds that these projects tie into over $1 billion in capital improvements last year and about $6.9 billion in planned New Jersey investments through 2030 under FirstEnergy’s $36 billion Energize365 program.
Jersey Central Power & Light (subsidiary of FirstEnergy, NYSE: FE) is conducting an exchange offer for up to $350 million of its outstanding unregistered 4.600% Senior Notes due 2030. Holders may exchange them for an equal principal amount of SEC-registered notes with the same coupon and maturity.
The offer expires at 5:00 p.m. New York City time on August 13, 2026, unless extended, and tenders may be withdrawn any time before expiration. According to JCP&L, the exchange is being made to satisfy obligations under a registration rights agreement and does not represent new financing. The offer is being made solely under a prospectus dated July 16, 2026, as supplemented July 17, 2026, filed as part of an effective Form S-4 registration statement.
FirstEnergy (NYSE:FE) subsidiary Jersey Central Power & Light is working around the clock to restore power after July 3–4, 2026 storms in New Jersey. More than 200,000 customers were affected; about 150,000 remained out by morning. Over 1,700 workers are deployed, with 2,500 more arriving for a multi-day restoration effort.
FirstEnergy (NYSE: FE) will release its second quarter 2026 financial results after markets close on Tuesday, July 28. Management will host an earnings teleconference at 9 a.m. EDT on Wednesday, July 29, with a live webcast and slides available on the investor relations website.
The webcast, presentation, and supporting materials will be posted after markets close on July 28 and remain available for replay for up to one year.
FirstEnergy (NYSE: FE) shared tips on staying safe, cool and energy efficient during an extended June 2026 heat wave. Customers are encouraged to use fans, adjust thermostats, close blinds, seal air leaks and shift appliance use to mornings or evenings.
FirstEnergy also highlighted bill assistance tools at firstenergycorp.com/saveenergy and /billassist, heat safety guidance such as staying hydrated and using cooling centers, and multiple outage reporting options by phone, text and online for its more than six million customers.
FirstEnergy (NYSE: FE) unit The Illuminating Company is installing two new transformers at the Lakewood Substation, each a roughly $1.85 million investment, to enhance reliability for nearly 11,000 customers in Lakewood and West Cleveland.
Work builds on breaker replacements, upgrades on equipment at 167 poles, smart meter rollouts and proactive tree trimming at nearly 100 locations, which contributed to a 98% drop in December 2025 outage time versus December 2024 and a 25% reduction in overall outage time on local lines.
The first transformer is expected to be energized later this year, with the second on track for early next year, while a mobile substation maintains service during construction.