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FirstEnergy Corp.
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Overview

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Description

FirstEnergy Corp. is an investor-owned holding company operating in the utilities sector, primarily focused on the transmission, distribution, and generation of electricity. It serves customers across five mid-Atlantic and Midwestern states through its subsidiaries, which manage regulated electric utilities. A key feature is its ownership and operation of one of the nation's largest electric transmission systems, alongside extensive distribution infrastructure that supports reliable power delivery. The company is structured into segments including Distribution, Integrated, and Stand-Alone Transmission, emphasizing grid modernization, reliability enhancements, and resiliency improvements. FirstEnergy Corp. plays a vital role in the regulated electric utility industry by maintaining and upgrading high-voltage transmission and distribution networks to meet regional energy demands. Headquartered in Akron, Ohio, it remains a significant participant in the U.S. energy market, delivering essential services to residential, commercial, and industrial consumers.

About

CEO
Mr. Brian X. Tierney
Employees
11186
Address
341 White Pond Drive
Akron, 44320, OH
United States
Phone
800-736-3402
Instrument type
Common stock
Sector
Utilities
Industry
Utilities - Regulated Electric
Country
Mexico
MIC code
XMEX
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Latest press releases

Apr 27, 2026
Plant it Forward: FirstEnergy Pennsylvania Celebrates Earth and Arbor Days with Free Trees in Westmoreland County

GREENSBURG, Pa., April 27, 2026 /PRNewswire/ --  Employee volunteers from FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) company doing business as West Penn Power, will be giving away trees in Westmoreland County as part of extended Arbor Day celebrations.

The volunteers from West Penn Power's Green Team will be giving away more than 200 flowering dogwoods on April 27, starting at 10:00 a.m., at Jeannette Greenspaces at South 7th St. and Clay Ave. in Jeannette.

Residents who pick up a flowering dogwood, which can grow up to 33 feet tall, should make sure to plant it in a safe location – at least 20 to 50 feet away from power lines, the recommended distance for trees that grow up to 40 feet tall. Smaller trees up to 25 feet can be planted closer. Taller varieties such as maple, oak, pine or spruce should be planted at least 50 feet from the nearest overhead wires.

Jessica Shaffer, Advanced Scientist and Chair, FirstEnergy Green Team: "Events like these help contribute to a cleaner, green environment for our customers and local towns. They also educate residents about choosing the right tree, planting it in the right place and providing proper maintenance so our electric system remains safe and reliable. We're excited to partner with Jeannette Greenspaces once again. This is a big event, but just a small part of our ongoing commitments to stewardship and the communities we serve."

The event, which will also include preparations for the local community garden, are part of the company's Earth Day (April 22) and Arbor Day (April 25) celebrations.

Green Teams Bring Employees into the Community

West Penn Power's Green Team is made up of employees who volunteer their time and talents to support a wide variety of environmental initiatives. FirstEnergy's Green Team chapters in Ohio, West Virginia, Pennsylvania, Maryland and New Jersey have a collective goal to plant or donate more than 26,000 trees this year. The Green Teams surpassed the company's goal in 2025, planting more than 30,000 trees over the course of the year.

West Penn Power serves approximately 725,000 customers in 24 counties within central and southwestern Pennsylvania. Follow West Penn Power on X @W_Penn_Power and on Facebook at facebook.com/WestPennPower.

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at firstenergycorp.com and on X @FirstEnergyCorp.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/plant-it-forward-firstenergy-pennsylvania-celebrates-earth-and-arbor-days-with-free-trees-in-westmoreland-county-302754277.html

SOURCE FirstEnergy Corp.

Apr 23, 2026
FirstEnergy Ohio Electric Companies Plan to File First Three-Year Rate Plan

Forward-looking plan invests in upgrades to improve reliability and help keep bills manageable

AKRON, Ohio, April 23, 2026 /PRNewswire/ -- FirstEnergy electric companies The Illuminating Company, Ohio Edison and Toledo Edison announced they plan to file their first Three-Year Rate Plan (TYRP) with the Public Utilities Commission of Ohio (PUCO) by May 22, 2026. The TYRP supports significant upgrades that make the electric system stronger and gives customers a clearer view of what work is planned and how it affects bills.

In the past, electric rates were based on costs already spent. New Ohio legislation allows electric utilities to set distribution rates using a forward-looking, three-year plan that is reviewed by the PUCO and updated each year. This forward-looking plan helps customers understand the types of work planned and why it's needed while also keeping bill changes more predictable and gradual over time.

"Our TYRP is about careful and balanced planning," said Torrence Hinton, President of FirstEnergy Ohio. "We're focused on upgrading the electric system customers rely on every day, and we know affordability matters. Recent upgrades helped show what works best, and we're building the three-year plan around the work that will make the biggest difference, keeping costs in check and clearly explaining what customers are paying for."

Fewer Outages, Faster Restoration

The TYRP will build on reliability work already underway and support continued improvements to FirstEnergy's Ohio electric system, including:

  • An average of $800 million annually to upgrade neighborhood poles, wires and equipment, improve facilities and add technology that helps us run the system and respond faster – especially during severe weather.
  • An average of $83 million annually to expand tree trimming near power lines – a top cause of outages for FirstEnergy's Ohio customers.

Support for Customers Who Need It

Along with strengthening reliability, the TYRP emphasizes affordability – helping customers access support and reduce usage so bills are more manageable and predictable by:

  • Continuing existing assistance programs and adding new support for low-income customers to help them pay their bills.
  • Continuing a program that helps income-eligible customers use energy more efficiently and save on monthly bills.
  • Working with large customers to reduce electricity use during times of highest demand.

Keeping Bills More Predictable

By planning investments over several years, the TYRP will help smooth rate changes and reduce sudden bill increases.

A typical non-shopping residential customer using about 1,000 kilowatt-hours per month is expected to see a modest average monthly bill change over the three-year period:

  • Ohio Edison – average annual increase of 2.2%, or approximately $4.26 per month each year over the three-year period.
  • The Illuminating Company – average annual increase of 2.6%, or $5.15 per month each year over the three-year period.
  • Toledo Edison – average annual increase of 2.8%, or $5.30 per month each year over the three-year period.

If approved by the PUCO, FirstEnergy's Ohio residential monthly bill is estimated to grow more slowly on an average annual basis due to the TYRP through 2030 than the 10-year average U.S. inflation rate of 3.3%.

The plan only affects the distribution part of customer bills. It does not include the cost of electricity supply, which is set by third-party suppliers.  

FirstEnergy Corp. (NYSE: FE) is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com. Follow FirstEnergy on X: @FirstEnergyCorp.

(042326)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/firstenergy-ohio-electric-companies-plan-to-file-first-three-year-rate-plan-302750961.html

SOURCE FirstEnergy Corp.

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