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) reported strong Q2 2025 financial results with GAAP earnings of $0.46 per share and Core Earnings of $0.52 per share, ahead of plan. Year-to-date Core Earnings increased 19% to $1.19 per share. The company deployed $2.5 billion in capital investments through June, aligned with its $5 billion 2025 investment plan.
FirstEnergy affirmed its 2025 Core Earnings guidance of $2.40-$2.60 per share, targeting the upper half of the range, and maintained its 6-8% compound annual Core Earnings growth target through 2029. This growth is supported by the company's $28 billion Energize365 capital investment program for 2025-2029.
Q2 results benefited from new base rates in Pennsylvania and transmission rate base growth, partially offset by milder temperatures reducing customer demand by 3%. Revenue increased to $3.4 billion from $3.3 billion in Q2 2024.
FirstEnergy (NYSE: FE) announced a major infrastructure upgrade project in East Akron to enhance electric service reliability for 12,000 Ohio Edison customers, including Summa Akron City Hospital. The project involves expanding a substation from 142,000 to 176,000 square feet and implementing advanced gas-insulated switchgear (GIS) technology.
The upgrade is part of FirstEnergy's $28 billion Energize365 investment program running from 2025 to 2029. Construction began in June and is expected to complete by end-2026, utilizing a temporary "shoo-fly" setup to maintain power during construction. The modernization will enable automatic power rerouting during outages, reducing service disruptions and restoration times.
FirstEnergy Corp. (NYSE: FE) has declared a quarterly dividend of $0.445 per share of outstanding common stock, payable September 1, 2025, to shareholders of record as of August 7, 2025.
The company expects to declare total dividends of $1.78 per share in 2025, subject to Board approval. This represents an increase from $1.70 per share in 2024 and marks an 11% growth in annual dividend declarations since 2023.
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 (NYSE: FE) has appointed Christopher Lopez as Vice President of Labor Relations, effective July 28, 2025. Lopez brings over 30 years of experience in labor and employment law, litigation, and corporate legal strategy. He will report to Karen McClendon, Senior VP and Chief Human Resources Officer.
Lopez most recently served as Associate General Counsel at BlueOval SK, a Ford-SK On joint venture. His track record includes negotiating over 100 collective bargaining agreements and establishing legal and HR operations for electric vehicle battery manufacturing facilities. In his new role, he will lead FirstEnergy's labor relations strategy, oversee collective bargaining negotiations, and manage union relationships.
FirstEnergy (NYSE:FE) subsidiary JCP&L has initiated infrastructure upgrades to enhance power grid reliability in Ocean and Burlington counties, New Jersey. The project involves clearing 14 miles of right-of-way for new utility poles and high-voltage power lines, benefiting thousands of customers across multiple townships.
The construction, scheduled from September 2025 to June 2026, will utilize helicopters for equipment installation in difficult-to-access areas, minimizing environmental impact. This initiative is part of FirstEnergy's Energize365 program, which involves a $28 billion investment across six states from 2025 to 2029 to create a smarter, more secure power grid.
FirstEnergy (NYSE: FE) has appointed Karen Kinslow as Vice President of Pennsylvania Operations, effective July 28, 2025. In this role, Kinslow will oversee electricity delivery to over 2 million customers across Pennsylvania and lead operational strategy for improved customer experience.
Kinslow brings nearly 20 years of utility sector experience, most recently serving as VP of Distribution Operations at Dominion Energy Virginia, where she managed electric distribution for 2.7 million customers. She holds a BS in industrial and management engineering from Rensselaer Polytechnic Institute and will report to John Hawkins, President of FirstEnergy Pennsylvania.
FirstEnergy (NYSE: FE) CEO Brian X. Tierney addressed the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University, highlighting the company's strategic infrastructure investments and grid modernization plans. The company announced a $28 billion capital investment through 2029 for systemwide modernization, including $15 billion specifically for Pennsylvania infrastructure.
Under the Energize365 program, FirstEnergy will implement automated technology for outage management, upgrade transmission capacity, deploy SCADA technology for real-time monitoring, and modernize substations. The company serves over 6 million customers across six states and operates approximately 24,000 miles of transmission lines.
FirstEnergy Foundation (NYSE: FE) has granted $25,000 to the IM Able Foundation to support adaptive fitness and wellness programs for veterans and individuals with disabilities. The donation is part of the foundation's broader $1.1 million in grants distributed through June 2025.
The funding specifically supports IM Able's Operation Lead from the Front initiative, which will serve 2,500 veteran and non-veteran clients through various adaptive fitness activities. The program aims to help veterans transition to civilian life while addressing social isolation and mental health challenges. The foundation's total charitable impact in 2025 includes over $1 million in employee-driven United Way Campaign contributions, benefiting more than 800 organizations and 104 United Way agencies.
FirstEnergy (NYSE: FE) has scheduled its second quarter and first half 2025 earnings release for July 30, 2025, after market close. The company will host a conference call with financial analysts on July 31, 2025, at 9 a.m. EDT, followed by a Q&A session.
The earnings presentation will be accessible through a live webcast on FirstEnergy's Investor Information website, with materials remaining available for replay up to one year. 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.