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. (NYSE: FE) is a utility holding company whose electric distribution companies serve more than six million customers across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. Its transmission subsidiaries operate approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions. The news surrounding FirstEnergy reflects its role in nuclear electric power generation, electric distribution and transmission within the utilities sector.
This news page brings together company-issued updates and other coverage related to FE. Readers can find announcements about quarterly and annual financial results, earnings teleconferences and investor presentations, often referenced in Form 8-K filings and news releases. These items provide insight into how management views performance, uses GAAP and non-GAAP measures and communicates core earnings guidance and strategic priorities.
Because FirstEnergy operates regulated utilities, a significant portion of its news flow centers on regulatory developments and settlements. Examples include Public Utilities Commission of Ohio (PUCO) proceedings and comprehensive settlement agreements that address riders, audits and customer restitution and refunds for Ohio Edison, The Illuminating Company and Toledo Edison customers. Such updates can be important for understanding potential impacts on rates, customer bills and regulatory relationships.
Operational and infrastructure news is another key theme. FirstEnergy and its subsidiaries, including entities like Mid-Atlantic Interstate Transmission and Jersey Central Power & Light, issue releases on grid modernization projects, high-voltage line rebuilds, substation upgrades and other investments intended to enhance reliability and support growth in local communities.
In addition, the FirstEnergy Foundation regularly announces “Gifts of the Season” and other grants to nonprofits in the company’s service territories, highlighting community and philanthropic initiatives. Investors, customers and observers can use this news page to follow developments across financial, regulatory, operational and community dimensions of FirstEnergy’s business.
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.
Jersey Central Power & Light (JCP&L), a FirstEnergy Corp. (NYSE: FE) subsidiary, is implementing electric grid upgrades in Mercer County to enhance service reliability for nearly 1,000 customers in Hopewell Township. The project includes upgrading 4 miles of infrastructure with stronger poles and wires, installing 0.25 miles of underground wires, and implementing protective devices and TripSaver technology.
The work is part of JCP&L's Supplemental High Priority Circuit Program, which includes a $95 million first phase to be completed in three years, with a second phase targeted for completion by 2028. This initiative is part of FirstEnergy's broader Energize365 program, which plans to invest $26 billion between 2024-2028 across six states to create a smarter, more secure power grid.
FirstEnergy Corp. (NYSE: FE) has announced it will release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 26. The company will host a conference call with financial analysts on Thursday, February 27, at 8 a.m. EST, including a Q&A session.
Investors and interested parties can access the live webcast and presentation slides through FirstEnergy's Investor Information website. The materials will remain available for replay for up to one year. The company serves over 6 million customers across six states through its electric distribution companies and operates approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.