FirstEnergy announces $36 billion investment plan after posting higher annual profit

Core Insights - FirstEnergy announced a capital investment plan of $36 billion through 2030, indicating a strong commitment to infrastructure and growth in the utility sector [1] - The company reported a 4.3% increase in full-year profit, attributed to higher electricity rates, reflecting positive financial performance [1] Investment Plan - The capital investment plan of $36 billion is set to be executed by 2030, showcasing FirstEnergy's long-term strategy for development and modernization [1] Financial Performance - FirstEnergy's full-year profit rose by 4.3%, driven by increased electricity rates, which suggests a favorable market environment for utility companies [1]