FirstEnergy(FE)
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FirstEnergy (FE) Upgraded to ‘Outperform’ at Wolfe Research
Yahoo Finance· 2026-01-29 15:45
Group 1 - FirstEnergy Corp. is recognized as one of the 10 High Yield Utility Stocks to Buy in 2026 [1] - FirstEnergy operates one of America's largest investor-owned electric systems, with 10 electric distribution companies serving customers across multiple states including Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York [2] - Wolfe Research upgraded FirstEnergy from 'Peer Perform' to 'Outperform' with a price target of $50, citing a 10% growth in the utility's rate base due to increased Federal Energy Regulatory Commission transmission capex [3] Group 2 - Morgan Stanley raised FirstEnergy's price target from $47 to $49 while maintaining an 'Overweight' rating, indicating an upside of over 3% from current levels [4] - FirstEnergy has an annual dividend yield of 3.76%, placing it among the 14 Best Utility Dividend Stocks to Buy Now [5]
Electric Upgrades Boost Reliability for McKean County Customers
Prnewswire· 2026-01-28 14:52
John Hawkins, FirstEnergy President, Pennsylvania: "We know how much our customers count on reliable electricity every day to brighten their homes and power their businesses. We're investing in new equipment to get ahead of outages before they happen – and respond faster when they do. These upgrades are expected to make a real difference for the Bradford community." Upgrades That Deliver Impact Work part of $538 million investment to benefit Penelec customers ERIE, Pa., Jan. 28, 2026 /PRNewswire/ -- FirstEn ...
FirstEnergy Crews Ready for Winter Storm; Offer Tips to Stay Safe and Warm During Extreme Cold
Prnewswire· 2026-01-23 20:06
Core Viewpoint - FirstEnergy Corp. is prepared to respond to a winter storm affecting its service area, emphasizing safety and energy management for customers during extreme cold weather [1][2]. Group 1: Company Preparedness - FirstEnergy has activated an incident command structure to coordinate restoration efforts and ensure resources are available as conditions change [3]. - The company has made significant investments, including a $28 billion Energize365 program, to enhance system reliability and prepare for winter weather [6]. - Ongoing tree trimming and routine aerial inspections are conducted to prevent outages caused by snow, ice, and high winds [6]. Group 2: Customer Safety and Energy Management - Customers are advised to take simple steps to manage energy use during extreme cold, which can help reduce bills and strain on the electric system [5]. - Specific safety tips include keeping space heaters away from flammable materials, using indoor-rated heaters, and ensuring proper ventilation for generators [7][11]. - The company provides resources for customers to learn more about energy-saving programs and bill assistance options [8]. Group 3: Outage Reporting and Communication - In the event of power outages, customers can report issues through multiple channels, including phone, text, and online [12]. - FirstEnergy emphasizes its commitment to integrity, safety, and reliability, serving six million customers across several states [9].
Earnings Preview: What to Expect From FirstEnergy’s Report
Yahoo Finance· 2026-01-21 10:27
With a market cap of $27.3 billion, FirstEnergy Corp. (FE) is a regulated electric utility holding company focused on the transmission and distribution of electricity across the Midwest and Mid-Atlantic regions of the United States. Headquartered in Ohio, the company serves millions of customers through a network of operating subsidiaries spanning states such as Ohio, Pennsylvania, New Jersey, West Virginia, and Maryland. The utility company is set to announce its fiscal Q4 2025 earnings results after th ...
FirstEnergy Foundation Marks 10 Years of Support for Fill a Glass with Hope®
Prnewswire· 2026-01-09 20:51
Core Insights - FirstEnergy Foundation awarded a $25,000 grant to support the Fill a Glass with Hope® program, which aims to provide 200,000 servings of fresh milk to families in need in Pennsylvania [1][4] - The total investment by the FirstEnergy Foundation in the program has reached $250,000 since its inception in 2016, highlighting the Foundation's commitment to addressing food insecurity [1][4] Program Overview - Fill a Glass with Hope® is the first statewide charitable fresh milk program in the U.S., having provided over 41 million servings of milk to Pennsylvania food banks, equating to three glasses of milk for every resident in the state [2] - The program is a collaboration involving Feeding Pennsylvania, the American Dairy Association Northeast, and the Pennsylvania Dairymen's Association [2] Impact of Donations - Milk is a highly requested but rarely donated item at food banks due to its perishable nature; the program ensures the delivery of fresh milk to families, especially children [3] - Every dollar donated to the program translates to eight glasses of milk for local food banks, demonstrating the significant impact of financial contributions [3] Recent Contributions - The recent $25,000 donation will provide approximately 200,000 servings of milk to families in need, particularly in areas served by FirstEnergy [4] - In September 2025, the Foundation distributed $750,000 in grants to 37 food banks and pantries during Hunger Action Month, totaling $2.5 million to 104 hunger-relief organizations across six states [4] Foundation Overview - The FirstEnergy Foundation supports 501(c)(3) tax-exempt nonprofits that address critical community needs, distributing over $5.5 million in community support in 2025 [6] - The Foundation does not accept unsolicited grant applications, focusing instead on targeted community involvement [7]
PUCO Approves FirstEnergy Settlement, Delivering Customer Benefits
Prnewswire· 2026-01-08 17:37
Core Insights - FirstEnergy Corp. has received approval from the Public Utilities Commission of Ohio (PUCO) for a settlement agreement that will provide $275 million in restitution and refunds to customers of Ohio Edison, The Illuminating Company, and Toledo Edison [1][2] Financial Impact - The settlement resolves four regulatory proceedings and will return $250 million directly to customers, with an additional $5 million in credits for residential customers [2] - Average residential customers using 1,000 kWh per month are expected to receive approximately $65.61 in bill credits over three months [3] - The settlement allocates $20 million for programs supporting low-income residential customers through bill assistance, weatherization, and energy efficiency initiatives [3] Company Strategy - FirstEnergy's President, Torrence Hinton, emphasized that the agreement allows the company to move past legacy issues and demonstrates a commitment to customer service and transparency with regulators [4] - The company plans to invest $14 billion in Ohio's transmission and distribution infrastructure, workforce, and facilities through 2029 to enhance energy resilience [4] Customer Bill Impacts - Following the settlement and the proposed PUCO rate review order, average monthly bill impacts for residential customers using 1,000 kWh per month will vary, with specific decreases and increases noted for different companies [5][7]
FirstEnergy Transmission, LLC Announces Extension of Exchange Offer for its 4.750% Senior Notes Due 2033
Prnewswire· 2026-01-08 12:30
Core Viewpoint - FirstEnergy Transmission, LLC has extended its exchange offer for up to $450 million of its outstanding 4.750% Senior Notes due 2033, allowing holders to exchange for registered New Notes under the Securities Act [1][2]. Group 1: Exchange Offer Details - The exchange offer was initially set to expire on January 7, 2026, but has been extended to January 21, 2026 [2]. - As of the original expiration date, approximately $449.48 million, or 99.88%, of the Outstanding Notes were tendered in the exchange offer [2]. Group 2: Company Overview - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving over six million customers across several states including Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York [4]. - The company's transmission subsidiaries manage around 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions [4].
FE to Benefit From Infrastructure Upgradation & Grid Modernization
ZACKS· 2025-12-31 13:35
Core Insights - FirstEnergy Corp. is focusing on strengthening its infrastructure through upgrades to its transmission and distribution networks while pursuing grid modernization with a long-term capital investment plan to serve its growing customer base [1] - The company's long-term earnings growth rate is projected at 6.46% over the next three to five years [1] Tailwinds - FirstEnergy has successfully transitioned to a fully regulated utility company, positioning itself to benefit from the accelerating AI-driven data center expansion within its service territory and the broader region [2] - The company is enhancing its transmission and renewable generation assets to ensure reliable power delivery during adverse weather while providing emission-free electricity [3] - FirstEnergy's 'Energize365' program focuses on improving customer experience and service reliability while maintaining competitive rates, with a planned strategic capital investment of $28 billion from 2025 to 2029 for modernization [4][7] Headwinds - FirstEnergy's financial results are subject to demand volatility due to climate conditions in its service territory, with cyclical revenue streams peaking during summer and winter months, and extended mild weather leading to reduced consumption [5] Price Performance - Over the past six months, FirstEnergy shares have increased by 11.4%, outperforming the industry's growth of 7.5% [6]
Settlement Reached in Multiple PUCO FirstEnergy Proceedings
Prnewswire· 2025-12-19 19:35
Core Insights - FirstEnergy Corp.'s Ohio electric companies have reached a settlement to provide $275 million to Ohio customers, resolving multiple Public Utilities Commission of Ohio (PUCO) matters [1][2] Settlement Details - The settlement addresses four PUCO proceedings, including Corporate Separation, Rider DMR, Rider DCR, and a review of Political and Charitable Spending [2] - The settlement will direct $250 million to all customers, with an additional $25 million specifically for residential customers, including $20 million for low-income assistance and energy efficiency programs [2][7] - Key parties involved in the settlement include various consumer advocacy groups and FirstEnergy's Ohio utilities [3] Future Investments - FirstEnergy plans to invest $14 billion in Ohio's transmission and distribution infrastructure from 2025 to 2029, aimed at enhancing reliability and supporting economic growth [4]
Enhanced Electric Service Coming to Homes and Businesses in Lehigh and Berks Counties
Prnewswire· 2025-12-17 16:09
Core Insights - A power grid upgrade is being implemented in southeastern Pennsylvania to enhance electric service for residents and businesses in Lehigh and Berks counties [1] - The project involves rebuilding a 15-mile stretch of high-voltage power lines and upgrading four substations to improve grid reliability and reduce outage duration [1][2] Project Details - The Allentown-Lyons-South Hamburg 69-kilovolt (kV) Line Rebuild Project, led by Mid-Atlantic Interstate Transmission (MAIT), aims to replace aging infrastructure with stronger poles and modern wires [2] - Construction began in August 2025 and is expected to be completed by November 2027 [3] Benefits of the Upgrade - The rebuilt line will enhance electricity flow, facilitating power rerouting during emergencies or maintenance [3] - New conductors will be installed at four substations, improving capacity and efficiency, akin to upgrading from a two-lane road to a four-lane highway [4] Financial Commitment - The project is part of a larger $28 million investment under FirstEnergy's Energize365 program, which aims to modernize the electric grid with a total investment of $28 billion from 2025 to 2029 [5] Customer Impact - Met-Ed serves approximately 592,000 customers across 3,300 square miles in eastern and southeastern Pennsylvania, benefiting from the grid improvements [6] - The upgrades will enable the electric system to handle higher demand during peak periods, prevent overloads, and restore power more quickly when outages occur [9]