Firstenergy Corp Stock Price, News & Analysis

Jersey Central Power & Light Company (JCP&L), a FirstEnergy Corp subsidiary, has announced an exchange offer for its 5.100% Senior Notes due 2035. The company is offering to exchange up to $700 million aggregate principal amount of outstanding notes for an equal amount of new notes registered under the Securities Act.

The exchange offer will expire on May 15, 2025 at 5:00 p.m. New York City time, unless extended. This exchange offer fulfills the company's obligations under a registration rights agreement and does not represent a new financing transaction. JCP&L currently serves 1.1 million customers across 13 New Jersey counties.

FirstEnergy Corp. (NYSE: FE) subsidiary Ohio Edison is implementing significant grid upgrades in Clark County to enhance power reliability for approximately 2,700 customers in the Springfield area. The project aims to support local manufacturing expansion and potential job creation.

The upgrades include:

• Rebuilding power lines with larger diameter wire for increased electricity capacity
• Installing new equipment to ensure constant high-voltage electricity flow
• Implementing automated reclosing devices to minimize service interruptions

This initiative is part of Energize365, FirstEnergy's multi-year grid evolution program with planned investments of $28 billion between 2025 and 2029. The program focuses on creating a smarter, more secure grid capable of accommodating electric vehicles, home and business electrification, and clean energy sources.

FirstEnergy Pennsylvania Electric Company (Penelec) has completed infrastructure upgrades in Venango and Crawford counties to enhance service reliability for nearly 1,000 customers. The project involved replacing over 40 wood poles, 53 crossarms, and 700 porcelain insulators along a 13-mile, 34.5-kV power line connecting substations in Utica and Polk.

The improvements include new switches for better power rerouting during repairs and a remote-control switch in Utica. This work is part of Penelec's $538 million Long Term Infrastructure Improvement Plan (LTIIP III) and falls under FirstEnergy's broader Energize365 program, which plans $28 billion in investments between 2025-2029 for grid modernization.

The upgraded line serves communities including Cochranton, Utica, and Polk, addressing equipment-related outages experienced over the past five years. The project, which began in November 2024, particularly benefits about 540 customers connected to the Polk substation.

FirstEnergy PA (NYSE: FE) is upgrading its electric grid infrastructure in northwestern York County through its Met-Ed subsidiary. The project aims to enhance service reliability for approximately 300 customers in the Dillsburg area by replacing over a mile of older copper wire with larger-diameter aluminum wire.

The upgrade includes replacing 1.3 miles of wire, 32 wooden poles, 40 fuses, and 149 porcelain insulators along a 13.2-kilovolt power line. Additionally, 49 wildlife guards are being installed to prevent animal-related outages. The project, scheduled for completion in April 2025, is part of FirstEnergy's Long Term Infrastructure Improvement Plan (LTIIP III), a $382 million initiative for Met-Ed's distribution system.

This improvement is part of Energize365, FirstEnergy's broader $28 billion grid evolution program planned for 2025-2029, designed to create a smarter grid capable of accommodating electric vehicles, home electrification, and clean energy sources. The upgrade addresses York County's growing electrical needs, which has seen an 8% population increase since 2010.

FirstEnergy Corp. (NYSE: FE) subsidiary JCP&L has initiated a major grid enhancement project targeting over 5,000 customers across Morris, Passaic, and Sussex Counties in northern New Jersey. The comprehensive upgrade includes 11.5 miles of infrastructure strengthening with more robust poles and wiring, plus 3 miles of new underground lines.

The project, part of JCP&L's New Jersey Reliability Improvement Program, involves installing nearly 60 devices including TripSaver technology for automated fault detection, enhanced tree-trimming, and transferring 2,400 customers to neighboring power lines. This initiative represents a portion of the program's first phase, which includes $95 million in upgrades over three years.

The project is part of FirstEnergy's broader Energize365 grid evolution 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 appointed Nick Pearson as Vice President, Federal Government Affairs, effective April 7. Pearson will manage the company's Washington, D.C. offices and lead federal energy policy engagement strategies. With over 22 years of experience, he previously served as Head of Congressional Affairs for Google Cloud and Global Head of Energy Policy for Google.

Prior to Google, Pearson led TVA's Washington office, focusing on energy policy, nuclear power, and transmission planning. His experience includes working with federal agencies like FERC, DOE, and EPA. He also served as VP of Government and Political Affairs at the Georgia Chamber of Commerce and worked on legislative staff for U.S. Senator Johnny Isakson.

FirstEnergy serves over 6 million customers across six states through its electric distribution companies and operates more than 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.

FirstEnergy Corp. (NYSE: FE) has announced it will release its first quarter 2025 financial results after market close on Wednesday, April 23, 2025. The company will host a conference call with financial analysts on Thursday, April 24, at 9 a.m. EDT, followed by a Q&A session.

The earnings call will be accessible via live webcast on FirstEnergy's Investor Information website, with presentation slides available for viewing. Both the webcast and presentation materials will remain accessible for replay up to one year. FirstEnergy 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.

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.