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) appointed Hannah Turner as Vice President, Transmission Finance and Principal Financial Officer for FirstEnergy Transmission, effective March 1, 2026. Turner will oversee finance, regulatory filings and rates for FirstEnergy Transmission, Keystone Appalachian Transmission Company and integrated transmission businesses.
She joins as FirstEnergy advances the Valley Link Transmission joint venture and launches the Grid Growth Ventures joint venture; Turner brings leadership from Electric Transmission Texas and earlier roles at American Electric Power, and holds an MBA and BBA from LeTourneau University.
FirstEnergy (NYSE:FE) Foundation awarded a $10,000 grant to Butler County Community College (BC3) on Feb 25, 2026 to upgrade rope-rescue and confined-space equipment. The funding will support BC3 Workforce Development Industrial Safety and Fire/Hazmat programs, expanding realistic training access for professional and volunteer first responders in western Pennsylvania.
FirstEnergy (NYSE:FE) and Mid-Atlantic Interstate Transmission are building the Van Reed 69-kV Transmission Project to strengthen service for more than 6,000 customers in central Berks County. The work includes a new substation in Bern Township and nearly four miles of 69-kV line on wood and steel poles.
Construction began in January, the project costs about $30 million, and is expected to be in service before the end of 2026. The upgrade is part of FirstEnergy's Energize365 grid program and supports regional reliability and economic growth.
FirstEnergy (NYSE: FE) subsidiary Potomac Edison completed a new $6.6 million substation in Berkeley County, W.Va., finished in December, that already serves about 2,400 customers in Falling Waters and Spring Mills.
The smart, automated facility reduces outage size, speeds remote restoration and relieves capacity constraints from two older substations as part of the Energize365 investment program.
FirstEnergy (NYSE: FE) reported 2025 GAAP EPS $1.77 and Core EPS $2.55, at the top end of its revised guidance, on revenue of $15.1 billion. The company reported GAAP earnings of $1.02 billion and affirmed 2026 Core EPS guidance $2.62–$2.82.
FirstEnergy unveiled a $36 billion capital plan for 2026–2030 (Energize365) with ~10% compounded annual rate base growth and targeted Core EPS CAGR near the top end of 6–8%.
FirstEnergy (NYSE: FE) Ohio utilities will run a PIPP RFP auction to select a supplier for full requirements service for PIPP customers for the 12-month delivery period June 2026–May 2027.
An information session for prospective bidders is set for Wednesday, February 18, 2026. Supplier applications open February 19 and are due March 4; registered bidders submit bids on March 16. Auction details and webinar instructions are available at firstenergypipprfp.com.
FirstEnergy Transmission (NYSE:FE) and Transource Energy received PJM Board approval on Feb 12, 2026 to jointly develop a major electric transmission project in central Ohio through Grid Growth Ventures LLC.
The plan includes >300 miles of new 765-kV lines and substation upgrades to boost reliability, support growing demand in the Columbus region, reduce land use by consolidating corridors, and attract industry investment.
Transource Energy and FirstEnergy Transmission (NYSE:FE) received PJM Board approval on Feb 16, 2026 to develop a major transmission project in central Ohio through new joint venture Grid Growth Ventures. The plan includes ~300 miles of new 765-kV lines plus substation upgrades to boost reliability, support rising demand in greater Columbus, and enable economic growth.
The project is designed to consolidate capacity into high-voltage corridors (one 765-kV line can power two million homes) and reduce land use while improving outage restoration and access to affordable power.
FirstEnergy (NYSE: FE) subsidiaries Mon Power and Potomac Edison selected a 35-acre Maidsville, West Virginia site for a new 1,200-megawatt natural gas power plant expected to supply roughly half a million homes. If approved by the Public Service Commission of West Virginia, site work could begin as early as 2027 with the plant online in late 2031.
The companies also seek approval for 70 megawatts of new solar across three reclaimed/brownfield sites, adding to 30 megawatts already built since 2024, as part of an Integrated Resource Plan to bolster reliability and affordability.
JCP&L (NYSE: FE) reached the midpoint of a $95 million New Jersey Reliability Improvement Project, reporting fewer outages after 2025 upgrades. Nearly 16,500 customers in parts of Morris and Monmouth saw >80% fewer outages year-over-year. The program upgrades 18 circuits; three county projects aim to help nearly 10,000 customers by year-end.
The work includes strengthened poles and wires, undergrounding, smart devices, reconfigurations and increased tree trimming. This effort is part of FirstEnergy's broader $28 billion Energize365 investment for 2025–2029 to modernize the grid.