FirstEnergy to Invest $950 Million in Ohio and Pennsylvania Grid Upgrades

Core Viewpoint - FirstEnergy Corp. is recognized as one of the best utility stocks for dividends in 2026, highlighting its strong investment strategy and commitment to infrastructure improvements [1]. Investment Plans - FirstEnergy plans to invest approximately $950 million to modernize equipment, rebuild older lines, and upgrade substations in Ohio and Pennsylvania [2]. - The company is set to invest around $490 million to construct nearly 200 miles of new 765 kV lines to enhance service reliability in the greater Columbus region, Ohio [3]. - An additional investment of $294 million will be allocated to build a new substation in Clark County, Ohio, and upgrade a line in the area [3]. - In Pennsylvania, FirstEnergy is investing $165 million to rebuild an existing 115-kV line into a double circuit line and to upgrade existing 500-kV lines [4]. Capital Investment Program - FirstEnergy has outlined a 5-year capital investment program totaling $36 billion, aimed at improving customer reliability and grid resiliency [4].