Company Overview - FirstEnergy Corp. has a market capitalization of $27.3 billion and operates as a regulated electric utility holding company, focusing on electricity transmission and distribution in the Midwest and Mid-Atlantic regions of the United States [1] Earnings Expectations - The company is scheduled to announce its fiscal Q4 2025 earnings results on February 17, with analysts predicting an adjusted EPS of $0.53, representing a 20.9% decline from $0.67 in the same quarter last year [2] - For fiscal 2025, the expected adjusted EPS is $2.54, a decrease of 3.4% from $2.63 in fiscal 2024, but anticipated to grow by 6.7% year over year to $2.71 in fiscal 2026 [3] Stock Performance - Over the past 52 weeks, FirstEnergy's shares have increased by 18.5%, outperforming the S&P 500 Index's return of 13.3% and the Utilities Select Sector SPDR Fund's gain of 9% during the same period [4] Dividend Declaration - On December 17, FirstEnergy announced a quarterly dividend of 44.5 cents per share, payable on March 1, 2026, to shareholders of record as of February 6, 2026 [5] Analyst Ratings - The consensus view on FirstEnergy stock is cautiously optimistic, with a "Moderate Buy" rating. Among 16 analysts, six recommend a "Strong Buy," one a "Moderate Buy," and nine a "Hold." The mean price target is $50.08, indicating a potential 6% upside from current market prices [5]

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]

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]

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].

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]

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]

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]

Group 1 - The FirstEnergy Foundation is committed to addressing food and housing insecurity by awarding grants to organizations in Ohio that provide essential services such as food and shelter [1] - The "Gifts of the Season" program, celebrating its 10th year, has provided $1.2 million in grants since its inception in 2016, supporting local nonprofits and community initiatives [2] - The FirstEnergy Foundation has distributed over $5.5 million in community support across its operational area as of 2025 [3] Group 2 - The Rescue Mission of the Mahoning Valley received a $10,000 grant to support programs providing meals and shelter, having served over 130,000 meals and sheltered more than 1,000 people in the past year [7] - The Martin Luther King Kitchen for the Poor also received a $10,000 grant to combat hunger, serving over 200 people daily and distributing 36,500 meals and 3,000 food boxes in 2024 [7]

Core Insights - The FirstEnergy Foundation is committed to addressing food and housing insecurity by awarding grants to organizations in Pennsylvania that provide essential services [1][2] - The "Gifts of the Season" program, celebrating its 10th anniversary, has provided $1.2 million in grants since its inception in 2016, reflecting FirstEnergy's commitment to community support and inclusion [2] - The Foundation has distributed over $5.5 million in community support across its operational areas as of 2025 [3] Grant Details - Endless Mountain Mission Center received a $10,000 grant to provide meals, shelter, and resources to individuals and families in Troy, Pennsylvania, supporting 70 to 100 individuals annually [7] - Erie Center for Arts and Technology, Inc. (ECAT) also received a $10,000 grant to fund a student food pantry and expand workforce training programs, with a 100% job placement rate for construction trades graduates in 2024 [7]

Core Insights - FirstEnergy Foundation is awarding a total of $100,000 in "Gifts of the Season" grants to support eight nonprofit organizations across five states in 2025, with $40,000 specifically allocated to two organizations in West Virginia and Maryland [1][3] - The Foundation's grants aim to address critical needs such as food, shelter, and youth development, reflecting FirstEnergy's commitment to community support and inclusion [2][3] - Since its inception in 2016, the "Gifts of the Season" program has provided $1.2 million in grants, marking its 10th anniversary and ongoing adaptation to community needs [3][4] Grant Recipients - Ronald McDonald House Morgantown received a $20,000 grant to support approximately 42 families through the Jacob Johnson Family Lodging Fund, providing comfort to families of children receiving medical care [8] - Big Brothers Big Sisters of Washington County, Maryland, also received a $20,000 grant to fund additional learning opportunities for around 150 children, fostering positive relationships through mentorship [8] Foundation Overview - The FirstEnergy Foundation supports 501(c)(3) tax-exempt nonprofits that address critical community needs, having distributed over $5.5 million in community support in 2025 alone [4] - The Foundation does not accept unsolicited grant applications, focusing on targeted community involvement [5]