Alexander Calvert's questions to FirstEnergy Corp (FE) leadership • Q1 2025
Question
Alexander Calvert, on for Shar Pourreza, asked about the legislative process in Ohio, questioning if one bill is favored over another and how FirstEnergy would manage if the ESP IV cap is not lifted.
Answer
Brian Tierney, Chair, President and CEO, stated that both Ohio bills contain key constructive provisions like multiyear rate plans and the company's focus is on a smooth transition. If the cap is not lifted, he explained FirstEnergy has levers to pull, including shifting CapEx to other jurisdictions and filing a new base rate case under the new framework as early as the beginning of 2026.