FirstEnergy (FE) Stock News, Jun-Jul 2025

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.

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.