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. (FE) news coverage provides insight into one of the nation's largest regulated electric utilities, serving approximately six million customers across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. As a major transmission and distribution company operating over 24,000 miles of high-voltage lines, FirstEnergy generates news spanning regulatory proceedings, infrastructure investments, and quarterly financial performance.
Utility sector news for FirstEnergy typically centers on rate case decisions from state public utility commissions, grid reliability improvement projects, and transmission expansion initiatives. The company's participation in PJM Interconnection means developments in regional wholesale electricity markets can affect its transmission revenues and operational planning. Settlement agreements with regulatory bodies, like those involving the Public Utilities Commission of Ohio, represent significant events that shape the company's financial outlook.
FirstEnergy's dividend declarations and quarterly earnings announcements provide regular updates on the company's financial health and cash flow generation. Infrastructure investment news highlights grid modernization efforts, including projects to strengthen service reliability, reduce outage durations, and accommodate changing electricity demand patterns. Coverage of convertible note offerings and other capital market activities reveals how the company finances its substantial infrastructure programs.
Bookmark this page to follow FirstEnergy developments affecting shareholders, ratepayers, and energy market observers. News coverage includes earnings releases, regulatory filings, infrastructure announcements, and corporate developments relevant to understanding this major electric utility's operations and financial trajectory.
FirstEnergy (NYSE: FE) is promoting ladder safety awareness during National Ladder Safety Month this March, offering essential tips to prevent ladder-related injuries and fatalities. Candy Webb, Manager of Public Safety at FirstEnergy, emphasizes that most ladder accidents are preventable through proper knowledge and practices.
Key safety guidelines include:
- Choosing appropriate ladder types: step ladders for indoor use and extension ladders for outdoor projects
- Maintaining at least 10 feet distance from power lines
- Using fiberglass instead of aluminum ladders near electrical lines
- Inspecting ladders for damage before use
- Following proper climbing techniques with three points of contact
- Ensuring proper ladder transport and storage
FirstEnergy serves over six million customers across six states and operates more than 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.
FirstEnergy Corp. (NYSE: FE) subsidiary Penn Power is undertaking a significant infrastructure upgrade in Cranberry Township, Butler County. The project involves replacing over five miles of 30-year-old underground electric cable with modern cable expected to last 40 years.
The new installation will utilize PVC conduit to protect against water damage and corrosive soil, while improving maintenance accessibility. The work, scheduled for completion this summer, is part of FirstEnergy Pennsylvania's Long Term Infrastructure Improvement Plan (LTIIP III), a $133 million initiative to enhance Penn Power's electric distribution system.
This upgrade falls under FirstEnergy's broader Energize365 program, which plans $28 billion in investments between 2025-2029 to create a smarter, more secure grid supporting electric vehicles, home electrification, and clean energy sources. Penn Power serves approximately 173,000 customers across six western Pennsylvania counties.
FirstEnergy Corp. (NYSE: FE) has announced its third dividend increase since September 2023, declaring a quarterly dividend of $0.445 per share payable June 1, 2025, to shareholders of record as of May 7, 2025.
The company expects to declare total dividends of $1.78 per share in 2025, up from $1.70 per share in 2024, representing an increase of more than 11% in annual dividend declarations since 2023. This aligns with FirstEnergy's target payout ratio of 60-70% of Core earnings.
FirstEnergy operates one of the nation's largest investor-owned electric systems, serving over 6 million customers across six states, with approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.
FirstEnergy Corp. (NYSE: FE) is actively responding to widespread power outages caused by severe thunderstorms that affected over 311,000 customers across Ohio, Pennsylvania, West Virginia, and Maryland. As of the latest update, power has been restored to nearly 261,000 customers.
The storms, featuring winds exceeding 65 mph, caused significant damage particularly in Western Pennsylvania and Northern West Virginia, resulting in broken poles, crossarms, and downed power lines. The company has deployed all internal crews and secured over 330 additional outside lineworkers working in 16-hour shifts.
Current outage status:
- Penelec: 19,800 of 96,900 affected customers remain without power
- West Penn Power: 17,200 of 54,500 affected customers still without service
- Mon Power & Potomac Edison: Under 7,000 of 44,000 affected customers waiting for restoration
Jersey Central Power & Light (JCP&L), a FirstEnergy Corp. (NYSE: FE) subsidiary, has launched a $5.1 million electrical infrastructure upgrade project in Northern New Jersey. The project, scheduled for completion in November, will benefit 1,700 customers across Roxbury, Mount Arlington, and Hopatcong.
The upgrades include:
- Installation of 2,000 ft of underground wires in Roxbury Township
- Enhanced tree trimming
- Stronger poles and overhead wire installation
- Increased protective devices and reclosers
- TripSaver devices implementation
This initiative is part of JCP&L's New Jersey Reliability Improvement Project, a two-phase program with minimum $95 million investments over three years. It falls under FirstEnergy's broader Energize365 grid evolution program, which plans to invest $26 billion between 2024-2028 across six states.
CRA International (NASDAQ: CRAI) has announced it will manage an RFP auction process for FirstEnergy Corp.'s (NYSE: FE) Ohio subsidiaries to secure full requirements service for their Percentage of Income Payment Plan (PIPP) customers.
The auction covers Ohio Edison, The Illuminating Company, and Toledo Edison. The winning supplier will serve all PIPP load for a 12-month delivery period from June 2025 through May 2026.
Key dates include:
- Information Session for bidders: March 5, 2025
- PIPP Supplier Applications acceptance: March 6-19, 2025
- Registered Bidders submission: March 31, 2025
Interested parties can find detailed information and webinar instructions at firstenergypipprfp.com.
FirstEnergy Transmission (FET) has secured multiple transmission projects from PJM Interconnection, representing approximately $1.25 billion in customer-focused investments, plus an additional $46 million for other FirstEnergy subsidiaries.
The key projects include:
- Through Valley Link joint venture: Building 260 miles of 765-kV transmission line and two substations between West Virginia and Maryland, plus 155 miles of transmission line in Virginia ($1 billion investment)
- In Ohio: $217 million investment rebuilding 59 miles of 138-kV transmission lines
- In Pennsylvania: $33 million investment rebuilding two 115-kV substations
These projects, approved by PJM's Board of Managers on February 26, aim to strengthen the electric grid, enhance reliability, and support regional economic growth across FirstEnergy's service territory.
PJM Interconnection has selected multiple electric transmission projects to be jointly developed by Dominion Energy (D), American Electric Power, and FirstEnergy through their newly formed Valley Link Transmission Company joint venture. The projects will span across Virginia, West Virginia, and Maryland.
The key developments include:
- A 260-mile 765-kilovolt transmission line with two substations between Putnam County, WV and Frederick County, MD
- A 155-mile 765-kV transmission line with a substation between Campbell County, VA and Fauquier County, VA
- A new substation in Caroline County, VA
These infrastructure investments aim to address the region's growing power demands, enhance grid reliability, and support economic development. The projects are in early development stages, with detailed plans for permitting, regulatory approvals, and public participation expected in the coming months.
PJM Interconnection has selected multiple electric transmission projects to be jointly developed by FirstEnergy Transmission, Dominion Energy, and American Electric Power through its Transource Energy affiliate. The companies will collaborate through the newly formed Valley Link Transmission Company joint venture.
The selected projects include:
- A 260-mile 765-kilovolt transmission line and two substations between Putnam County, WV, and Frederick County, MD
- A 155-mile 765-kV transmission line and substation between Campbell County, VA, and Fauquier County, VA
- A new substation in Caroline County, VA
The projects, proposed through PJM's Regional Transmission Expansion Plan Open Window process in September 2024, aim to address reliability needs, support economic development, and meet growing power demands across Virginia, West Virginia, and Maryland. The development is in early stages, with detailed plans for permitting, regulatory approvals, and public participation expected in the coming months.
FirstEnergy (NYSE: FE) reported full year 2024 GAAP earnings of $1.70 per share and Operating earnings of $2.63 per share, with revenue of $13.5 billion. Core earnings reached $2.37 per share, an 8% increase from 2023.
The company invested $4.5 billion in 2024 through its Energize365 program, a 20% increase over 2023. FirstEnergy expanded its capital investment program to $28 billion through 2029, projecting 9% rate base growth. The company introduced 2025 Core earnings guidance of $2.40-$2.60 per share and targets 6-8% compound annual Core earnings growth.
Fourth quarter 2024 results showed GAAP earnings of $0.45 per share on revenue of $3.2 billion, with Operating earnings at $0.67 per share. Distribution deliveries remained stable year-over-year, though heating degree days were 10% below normal. The company's transmission segment saw 10% rate base growth, partially offset by the dilution from the 30% interest sale of FirstEnergy Transmission to Brookfield in March 2024.
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