Firstenergy (FE) Stock News

FirstEnergy Corp. (NYSE: FE) has released a comprehensive guide to help customers manage their energy costs during summer heat waves. The company's President of Utilities, Wade Smith, emphasizes the importance of smart energy management. FirstEnergy provides 10 practical tips including: using fans to reduce AC dependency, strategic use of window AC units, optimal thermostat settings, sun blocking with blinds, selective room cooling, timing of household chores, outdoor grilling, unplugging electronics, choosing ENERGY STAR® appliances, and regular HVAC maintenance. The company serves over six million customers across six states through its electric distribution network and operates more than 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.

JCP&L, a FirstEnergy Corp. (NYSE: FE) subsidiary, has received approval from New Jersey regulators to implement measures helping customers manage rising electricity costs. The company will provide a $30 deferral credit on residential bills in July and August, to be recovered through $10 monthly charges from September to February. Supply costs, comprising 60% of bills, have led to a 19.6% increase in average residential bills. Additional measures include temporary suspension of service shut-offs, waived reconnection fees, and extended 24-month payment plans. The company is also promoting various assistance programs, energy efficiency tools, and cost-saving tips. The price surge is attributed to increased demand and reduced supply from power plant retirements, affecting Basic Generation Service rates for JCP&L's 1.1 million customers.

Potomac Edison, a FirstEnergy Corp (NYSE: FE) subsidiary, has planted over 2,000 trees across Maryland and West Virginia through employee volunteer initiatives in 2025. The company's Green Team led multiple planting projects, including 200 trees near Toms Creek in Emmitsburg, 1,000 evergreens at New Germany State Park, 50 trees for Arbor Day in Middletown, and 100 saplings at Evergreen Heritage Center. Additionally, 200 flowering dogwood trees were distributed at the Martinsburg VA Medical Center. This effort contributes to FirstEnergy's broader environmental initiative, which has already resulted in 22,000 trees being planted across its six-state service territory this year. The initiative supports FirstEnergy's commitment to reducing its carbon footprint and promoting sustainable practices.

FirstEnergy Corp. (NYSE: FE) has released a comprehensive summer safety guide focusing on preventing power outages and ensuring public safety during outdoor activities. The company emphasizes key safety measures including securing foil balloons to prevent power outages, as these have caused over a dozen outages across FirstEnergy's six-state service area. The guide also stresses professional handling of fireworks, safe drone operation, and general electrical safety tips around pools and outdoor spaces. FirstEnergy has launched the "Stop. Look. Live." safety campaign and introduced a unique Drone Safety Zone video game to educate the public on drone safety practices. The company provides essential safety tips including maintaining a 10-foot distance between electrical devices and water features, proper handling of outdoor cords, and immediate reporting of downed power lines.

JCP&L, a FirstEnergy subsidiary, has planted over 2,000 company-donated trees across New Jersey in 2025, approaching their previous year's total of 2,795 trees. This initiative contributes to FirstEnergy's larger goal of donating 25,000 trees in 2025 across five states, with nearly 23,000 trees already planted. The company's Green Team, comprising over 40 employees who have contributed 214 volunteer hours, has coordinated plantings at various locations including Camp Sacajawea, Tempe Wick Preserve, and local schools. Tree varieties include native species such as red maple, river birch, oak, and hickory. The locations are selected in partnership with local nonprofits, ensuring trees are safely placed away from power lines and utility infrastructure.

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.