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FirstEnergy Announces Proposed Offering of $950 Million of Convertible Senior Notes Due 2029 and $850 Million of Convertible Senior Notes Due 2031
Prnewswire· 2025-06-09 10:30
AKRON, Ohio, June 9, 2025 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) ("FirstEnergy") announced today that it intends to offer, subject to market and other conditions, $950 million aggregate principal amount of convertible senior notes due 2029 (such series, the "2029 Notes") and $850 million aggregate principal amount of convertible senior notes due 2031 (such series, the "2031 Notes" and, together with the 2029 Notes, the "Notes") in a private placement under the Securities Act of 1933, as amended (the " ...
FirstEnergy Builds Third Utility-Scale Solar Site in West Virginia
ZACKS· 2025-06-03 17:06
Key Takeaways FE's Mon Power and Potomac Edison completed a third solar site in West Virginia at Marlowe. The new facility produces 5.75 MW from over 17,000 solar panels, powering hundreds of homes. FE's planned five solar projects will generate 50 MW and over 87,000 solar renewable energy credits.FirstEnergy Corporation (FE) announced that its subsidiaries, Mon Power and Potomac Edison, have completed their third utility-scale solar site in West Virginia to help meet the state's electricity needs.FE’s so ...
FirstEnergy Foundation Brightens Communities, Providing More Than $2M to Transformative Nonprofits in First Half of 2025
Prnewswire· 2025-05-29 15:32
Core Points - FirstEnergy Corp. announced the FirstEnergy Foundation has distributed over $2 million in the first two quarters of 2025 to support local nonprofits [1] - The Foundation granted nearly $1.1 million for community needs including hunger relief, youth education, and disaster relief [2] - FirstEnergy employees have contributed nearly 5,000 volunteer hours this year, supported by the company's provision of 16 hours of volunteer time off annually [3] - Following the retirement of Lorna Wisham, FirstEnergy is seeking a new leader for the FirstEnergy Foundation to align giving priorities with business strategy [4] - The FirstEnergy Foundation supports 501(c)(3) tax-exempt nonprofits that address critical community needs [5] - FirstEnergy serves over 6 million customers across multiple states and operates approximately 24,000 miles of transmission lines [6]
Aerial Saw Tree Trimming Work Begins Along Hard-to-Access Corridors in Northern and Central Pennsylvania
Prnewswire· 2025-05-29 13:35
Core Points - Mid-Atlantic Interstate Transmission Company (MAIT), a subsidiary of FirstEnergy Corp., is utilizing a helicopter with an aerial saw to trim trees along over 400 miles of high-voltage power lines in Pennsylvania, with completion expected by the end of 2025 [1][2] - The aerial saw is designed to maintain proper clearances around transmission lines, which helps prevent tree-related power outages, especially during severe weather [3][4] - The project is part of FirstEnergy's $51 million vegetation management program, which aims to trim trees along more than 4,100 miles of power lines in the Penelec service area [7] Company Operations - The aerial saw can cut tree limbs 8 to 10 inches in diameter, allowing for efficient trimming that covers more area in a day compared to traditional ground crews [5][4] - The helicopter operates in environmentally sensitive or inaccessible areas, enhancing safety and efficiency in maintaining high-voltage power lines [4][6] - FirstEnergy serves approximately 597,000 customers across 17,600 square miles in northern and central Pennsylvania through its Penelec service [7][8]
FirstEnergy Holds 2025 Annual Meeting
Prnewswire· 2025-05-21 13:48
Board Chair, President and CEO Brian X. Tierney highlights company's progressPreliminary voting results announcedAKRON, Ohio, May 21, 2025 /PRNewswire/ -- In his address at the FirstEnergy Corp. (NYSE: FE) 2025 Annual Meeting of Shareholders today, Board Chair, President and Chief Executive Officer Brian X. Tierney said FirstEnergy has made significant progress toward its goal of becoming a premier electric company."This is a new FirstEnergy – optimized for performance, growth and financial strength, to del ...
FirstEnergy(FE) - 2025 FY - Earnings Call Transcript
2025-05-21 13:00
FirstEnergy (FE) FY 2025 Annual General Meeting May 21, 2025 08:00 AM ET Speaker0 Ladies and gentlemen, good morning, and welcome to FirstEnergy Corporation's twenty twenty five Annual Meeting of Shareholders. This meeting is being recorded. At this time, I'd like to turn the meeting over to the company. Please go ahead. Speaker1 Thank you. Good morning. I am Mary Swan, Corporate Secretary and Associate General Counsel. I would like to review a few details before we begin. The rules of conduct are summarize ...
Travel Safely on Ohio's Lakeshore Roads During Mayfly Season
Prnewswire· 2025-05-19 19:11
Core Viewpoint - FirstEnergy Corp. is taking proactive measures to enhance road safety by temporarily suspending streetlight service in certain areas to deter mayflies, which pose a significant safety concern during their hatching season [1][5]. Group 1: Company Actions - Ohio Edison will suspend streetlight service along several roads in Port Clinton, Marblehead, and Erie Township for several weeks in preparation for the annual emergence of mayflies, which typically occurs from late June to September [2][3][4]. - The company plans to resume streetlight service once the hatching season ends, demonstrating a commitment to community safety [2][6]. Group 2: Safety Concerns - Mayflies leave an oily residue that can make road surfaces extremely slick, particularly during rain, creating hazardous driving conditions [5]. - The President of FirstEnergy Ohio emphasized the importance of this initiative in enhancing road safety for all users, including pedestrians and bikers [5][6]. Group 3: Community Engagement - Ohio Edison encourages customers to report any unintentional outages of streetlights or outdoor area lights through their online platform or customer service hotline [7]. - The company serves over 1 million customers across 34 Ohio counties, highlighting its significant presence in the region [7]. Group 4: Company Overview - FirstEnergy operates one of the nation's largest investor-owned electric systems, serving more than six million customers across multiple states, including Ohio, Pennsylvania, and New York [8]. - The company's transmission subsidiaries manage over 24,000 miles of transmission lines, connecting the Midwest and Mid-Atlantic regions [8].
Programs and Tools Available to Help FirstEnergy West Virginia Customers Manage Electric Bills
Prnewswire· 2025-05-14 18:00
FAIRMONT, W.V., May 14, 2025 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), are sharing tips, tools and programs to help customers manage their energy use and budget during periods of high demand and all year long.  As seasons change and the region experiences periods of extreme cold or heat, it's not uncommon for customers to use more energy as heating and cooling systems work harder and longer, often leading to higher electric bills. By taking some simple steps ...
Potomac Edison Provides Maryland Customers Programs and Tools to Manage Electric Bills
Prnewswire· 2025-05-14 17:23
WILLIAMSPORT, Md., May 14, 2025 /PRNewswire/ -- Spring is in full swing, a welcome change after this winter's sub-zero temperatures. As spring turns to summer, energy use and costs can often increase as cooling systems work harder to keep homes comfortable. Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), is sharing tips and tools to help customers manage their energy use and budget during periods of high demand and all year long.  Jim Myers, FirstEnergy President, West Virginia and Maryland: " ...
Advanced LiDAR Technology Being Used to Enhance Vegetation Management Across FirstEnergy's Footprint
Prnewswire· 2025-05-14 13:35
AKRON, Ohio, May 14, 2025 /PRNewswire/ -- Advanced Light Detection and Ranging (LiDAR) technology has been deployed across FirstEnergy Corp.'s (NYSE: FE) service area to more effectively manage hard-to-reach trees and vegetation along 7,100 miles of high-voltage power lines. The work began this month and will continue through the fall. LiDAR data is gathered along FirstEnergy transmission rights-of-way by a helicopter with equipment provided by GeoDigital International, Inc. LiDAR inspections are condu ...