Core Insights - FirstEnergy Corporation (FE) has completed its third utility-scale solar site in West Virginia, contributing to the state's electricity needs and supporting American manufacturing [1][10] - The new solar facility at Marlowe site produces up to 5.75 megawatts (MW) of renewable power, enough to power hundreds of homes [2][10] - The company's solar projects are part of a broader initiative to meet the growing demand for renewable energy and comply with state legislation allowing electric companies to own solar generation plants [4][10] Project Highlights - The Marlowe solar site features over 17,000 solar panels and occupies approximately 36 acres of land [2][3] - FirstEnergy's West Virginia solar program aligns with a 2020 bill permitting electric companies to operate up to 200 MW of solar generation plants [4] - The company plans a total of five solar projects that will generate 50 MW of solar energy and create over 87,000 solar renewable energy credits (SRECs) [5][6][10] Clean Energy Commitment - Mon Power and Potomac Edison have already initiated solar projects, including the Rivesville solar site (5.5 MW) and the Fort Martin Power Station (18.9 MW) [5] - The company's commitment to renewable energy is further demonstrated through its 'Energize365' program, which includes planned investments of $28 billion from 2025 to 2029 for grid modernization [7][8] Industry Context - The U.S. Energy Information Administration (EIA) projects that renewable energy sources will account for 25% of U.S. electricity generation by 2025 [11] - Other electric power companies, such as Duke Energy, Alliant Energy, and Entergy Corporation, are also expanding their solar energy capabilities, indicating a growing trend in the industry [12][13][14] Stock Performance - Over the past three months, FE's stock has increased by 4.8%, outperforming the industry average growth of 3.1% [17]

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]

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]

Core Points - FirstEnergy Corp. is making significant progress towards becoming a premier electric company, as highlighted by CEO Brian X. Tierney during the 2025 Annual Meeting of Shareholders [1][6] - The company has redesigned its operating model to enhance accountability and decision-making closer to customers and regulators [2][3] - FirstEnergy's Energize365 capital investment program aims to improve the electric grid's performance, with a $4.5 billion investment in 2024, marking a 20% increase from 2023 [4] - The company has expanded its five-year investment target to $28 billion through 2029, including $5 billion planned for 2025 [5] - FirstEnergy emphasizes its commitment to delivering electricity that strengthens society and powers the economy [6] Preliminary Voting Results - Shareholders reelected 10 directors and ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025 [7] - An advisory vote on named executive officer compensation was approved by shareholders [7] - A proposal for a report on lobbying activities was not approved by shareholders, although FirstEnergy discloses such activities on its website [8] Company Overview - FirstEnergy serves over 6 million customers across six states and operates approximately 24,000 miles of transmission lines [9]

Financial Data and Key Metrics Changes - The company reported a base revenue increase of nearly $450 million, which supports enhanced service reliability and financial performance [26] - The quarterly dividend was increased to an annual rate of $1.78 per share, representing an 11% increase in annual declared dividends since 2023 [28] Business Line Data and Key Metrics Changes - The Energize 365 program saw an investment of $4.5 billion in its inaugural year, surpassing the original plan by 5% and representing a 20% increase compared to 2023 [23] - The five-year investment target was expanded to $28 billion through 2029, including $5 billion in 2025 [24] Market Data and Key Metrics Changes - FirstEnergy subsidiaries were awarded $300 million in projects by PJM, and approximately $3 billion of investment was awarded to the new ValleyLink joint venture [25] Company Strategy and Development Direction - The company is focused on becoming a premier electric company that delivers long-term value to investors, customers, communities, and employees [6] - A redesign of the operating model has been executed to move accountability and decision-making closer to customers and regulators [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's transformation and its ability to optimize value for investors and communities [28] - The company anticipates investing approximately $4.3 billion in Pennsylvania between 2025 and 2029 to improve grid reliability and resiliency [36] Other Important Information - The company completed a multiyear $7 billion effort to improve its balance sheet, which was a catalyst for returning to investment grade status at all three credit rating agencies [27] - Employees contributed over 26,000 hours volunteering and raised more than $2 million for community organizations [29] Q&A Session Summary Question: Will there be additional layoffs with the plan to return to work in July? - Management confirmed that about 350 employees exited the company during a recent reorganization but do not anticipate further layoffs associated with the return to office [32] Question: What will you do to act more like a public utility than a lobbying firm? - Management acknowledged the service disruptions and outlined a plan for $4.3 billion investment in Pennsylvania to improve grid reliability and resiliency [36]

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].

Core Insights - Blackstone's total market value of holdings reached $24.1 billion for Q1 2025, up from $22.0 billion in the previous quarter, representing a 9% increase [1][2] - The investment portfolio included 47 new stocks, 36 stocks were increased, 25 stocks were reduced, and 39 stocks were completely sold out [1][2] - The top ten holdings accounted for 68.8% of the total market value [1][2] Holdings Overview - The largest holding is Cheniere Energy Partners (CQP.US) with approximately 102 million shares valued at about $6.759 billion, making up 28.07% of the portfolio, unchanged from the previous quarter [2][3] - Corebridge Financial Inc. (CRBG.US) is the second-largest holding with around 61.96 million shares valued at approximately $1.956 billion, also unchanged [2][3] - Williams (WMB.US) ranks third with about 20.08 million shares valued at approximately $1.200 billion, reflecting a 5.94% increase in holdings [3][4] Sector Focus - The portfolio shows a strong inclination towards energy stocks, with significant positions in companies like Targa Resources (TRGP.US), Energy Transfer Equity LP (ET.US), and MPLX LP (MPLX.US) [3][4] - The top five purchases included SPDR S&P 500 ETF put options, CoreWeave (CRWV.US), Kinder Morgan (KMI.US), Hess Midstream (HESM.US), and Enbridge (ENB.US) [4][5] - The top five sales included Expand Energy, First Industrial Realty (FR.US), Western Midstream (WES.US), Energy Transfer (ET.US), and NextEra Energy (NEE.US) [5][6]

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 ...

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: " ...

Core Insights - FirstEnergy Corp. is deploying Advanced Light Detection and Ranging (LiDAR) technology to manage vegetation along 7,100 miles of high-voltage power lines, starting this month and continuing through fall 2025 [1][4] - The use of LiDAR allows for efficient identification of encroaching vegetation, enhancing safety and reliability for over six million customers [5][6] Technology Implementation - LiDAR inspections utilize helicopters equipped with laser-based sensors to create detailed 3D maps of terrain, power lines, and nearby vegetation [3] - The technology has reduced the need for manual patrols and surveillance flights by up to 50%, improving collaboration across departments [5] Operational Efficiency - The LiDAR data helps prioritize maintenance work, ensuring timely trimming of trees to prevent service disruptions, especially during severe weather [4][6] - Aerial saws will be employed to trim trees in hard-to-access areas, further supporting the maintenance of power line corridors [6] Strategic Initiatives - This initiative is part of Energize365, a multi-year grid evolution program with planned investments of $28 billion from 2025 to 2029, aimed at enhancing grid reliability and accommodating future energy demands [7] - FirstEnergy's transmission subsidiaries operate over 24,000 miles of transmission lines, forming one of the largest investor-owned electric systems in the U.S. [8]