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) 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.
FirstEnergy (NYSE: FE) announced that The Illuminating Company delivered the first of two new 55-ton transformers to the Lakewood Substation, each representing about $1.85 million in investment. Once both are energized later in 2026, the project is expected to enhance reliability for nearly 11,000 customers in Lakewood and West Cleveland.
The work supports broader upgrades, including breaker replacements, pole-top equipment improvements, smart meter installations, and proactive tree trimming, which have already helped cut December 2025 outage time by 98% versus December 2024 and reduced overall outage time on local lines by 25%.
FirstEnergy (NYSE: FE) announced senior leadership appointments effective June 28, 2026, emphasizing business transformation, ethics, compliance and data protection.
Antonio Fernández becomes Vice President of Business Transformation, Deandra Williams-Lewis becomes Vice President and Chief Ethics & Compliance Officer, and Brian Harrell adds the role of Chief Privacy Officer to his Chief Security Officer position.
FirstEnergy (NYSE: FE) appointed three senior leaders to advance operations, safety and technology. Chris Beam becomes President, West Virginia/Maryland Operations; Hanneke Counts is named Vice President, Environmental Health and Safety; and Daniel Puscas becomes Chief Information Officer.
Their roles focus on reliability, risk-based safety, digital transformation and cybersecurity.
FirstEnergy (NYSE:FE) reports that Ohio Edison, Toledo Edison and The Illuminating Company are prepared to respond to potential power outages from severe weather expected Wednesday evening. Forecasts call for strong winds, heavy rain and possible tornadoes that could damage trees, branches and power lines.
To support restoration, FirstEnergy has in-state crews plus more than 1,000 outside line workers, along with forestry and damage assessment teams. The company highlights year‑round grid reliability efforts, including tree trimming, system upgrades and aerial inspections, and shares detailed customer safety, preparedness and outage‑reporting guidance.
FirstEnergy (NYSE: FE) reports that its Pennsylvania utilities Penn Power, Penelec, Met-Ed and West Penn Power are preparing for a fourth severe storm system in 12 days, with wind gusts up to 65 mph. Crews, forestry teams and incident command are mobilized to support 24/7 restoration.
According to FirstEnergy, its Energize365 initiative plans about $13 billion of grid investments from 2026-2030 to improve resilience against increasingly severe weather.
Jersey Central Power & Light (subsidiary of FirstEnergy, NYSE: FE) extended its registered exchange offer for three senior note series: 4.150% due 2029 ($350M), 4.400% due 2031 ($500M) and 5.150% due 2036 ($500M).
The expiry moved from June 1 to June 15, 2026, 5:00 p.m. NYC time. About 99.6067% of outstanding notes had been tendered by June 1, 2026.
FirstEnergy (NYSE:FE) Ohio utilities Ohio Edison, The Illuminating Company and Toledo Edison filed a three-year rate plan with PUCO to fund reliability investments and expand customer support.
The plan targets about $800 million per year in grid upgrades, $83 million annually for vegetation management, new and expanded bill-assistance programs, and gradual distribution-rate increases from 2027–2029 for typical residential customers.
FirstEnergy (NYSE: FE) subsidiaries Mon Power and Potomac Edison requested a West Virginia PSC rate review, proposing two options to fund reliability and infrastructure investments while limiting bill shocks.
One inflates-and-invests plan seeks a $76M adjustment via two smaller increases; a traditional base-rate option seeks $188M, including a larger reliability program. Residential rates are expected to remain low versus other regulated utilities in West Virginia, supporting upgrades that have already cut transmission outage duration by 43.8% and reduced rural outage time by about four hours a year.
FirstEnergy (NYSE: FE) reported Q1 2026 GAAP earnings of $405 million, or $0.70 per share, and Core EPS $0.72 (up 7.5% year-over-year). The company invested $1.4 billion in Q1 and reaffirmed 2026 Core EPS guidance of $2.62–$2.82 and a $36 billion 2026–2030 Energize365 capital plan.
The Energize365 plan is expected to drive ~10% compounded rate base growth through 2030 and Core EPS CAGR near the top end of 6–8% from 2026–2030.