FIRSTENERGY (FE) Company Report

On Nov. 19, 2025, PUCO approved Ohio Base Rate Case with $4.4 B distribution rate base, 9.63 % ROE, 48.8 / 51.2 debt/equity and a $34 M net revenue adjustment.
Orders include recovery of $245 M storm restoration costs over 5 years and $92 M deferred O&M over 10 years, plus pension/OPEB cost recovery and DCR rider reset.
Ohio Companies to pay $250.7 M in combined refunds ($186.63 M) and civil forfeitures ($64.07 M) in Q4 2025, excluded from Core Earnings.
Plan to file first three-year rate plan in Q1 2026 for implementation in early 2027.
Reaffirmed $2.50–$2.56 per share 2025 Core Earnings guidance and 6–8 % Core EPS CAGR through 2029.

2 days ago

8-K

Bitdeer announces October 2025 production and operations update

New Projects/Investments

Self-mining output: Mined 511 BTC in October (up ~13% MoM) and grew self-mining hashrate to 41.2 EH/s, surpassing the 40 EH/s target.
HPC/AI growth: Achieved US$8 million AI cloud ARR and deployed 584 GPUs at 87% utilization.
Infrastructure expansion: Fully energized the 175 MW Tydal, Norway site; energized 40 MW in Oromia, Ethiopia; commenced energization of 21 MW at Massillon, Ohio.
Chip R&D progress: First SEAL04 chip demonstrated 6–7 J/TH efficiency; targeting mass production in Q1 2026.

Nov 10, 2025, 12:00 PM

Press Release

FirstEnergy proposes West Virginia gas plant and solar projects

New Projects/Investments

FirstEnergy plans a 1,200 MW combined-cycle natural gas plant and 70 MW utility-scale solar in West Virginia to ensure reliable power and support growth.
The construction phase is expected to generate 3,260 jobs and $68 million in state/local tax revenue; operations are estimated to support 2,200 jobs and $85.9 million in annual taxes.
Mon Power and Potomac Edison will file project plans with West Virginia regulators in early 2026; FirstEnergy anticipates $5.2 billion in infrastructure investments through 2029 and an additional $2.5 billion pending regulatory approval.
Plans include upgrading transmission lines, reinforcing poles and wires, and deploying advanced grid technologies to modernize the state's electric system.

Nov 6, 2025, 10:17 PM

Press Release

Valory Resources secures $8.5 M investment, appoints Wilson family to board

Board Change

New Projects/Investments

Valory Resources received a CAD$8.5 million strategic investment from W. Brett Wilson and Russell Wilson, signaling strong confidence in its steelmaking coal projects.
W. Brett Wilson and Russell Wilson have been appointed to the Board of Directors, adding capital markets and corporate strategy expertise.
The company expressed gratitude to outgoing directors Jay Sujir and Ian Harris for their contributions.
The funding underpins development of the Blackstone (175 Mt JORC Inferred) and Mine 14 (19 Mt reserves) underground PLV coal projects in Alberta.

Oct 22, 2025, 1:00 PM

Press Release

FirstEnergy outlines West Virginia 10-year energy plan

New Projects/Investments

Mon Power and Potomac Edison filed an IRP with the Public Service Commission of West Virginia to ensure reliable, cost-effective power over the next decade.
Plan retains Fort Martin and Harrison Power Stations and adds a 1,200 MW natural gas combined-cycle unit by around 2031 and 70 MW of utility-scale solar by 2028.
Incorporates short-term power purchases to maintain reliability as new generation comes online, addressing demand from data centers and advanced manufacturing.
Supports Governor Morrisey’s “50 by 50” initiative to reach 50 GW of capacity by 2050, while fostering local investment and job creation.

Oct 1, 2025, 5:21 PM

Press Release

FirstEnergy declares quarterly dividend of 44.5 cents per share

Dividends

The Board of Directors declared a 44.5 cents quarterly dividend per share of common stock.
The dividend is payable December 1, 2025, to shareholders of record as of November 7, 2025.
FirstEnergy serves over six million customers across six states and its transmission subsidiaries operate 24,000 miles of lines.

Sep 23, 2025, 8:20 PM

Press Release

FirstEnergy Corp declares quarterly dividend of $0.445 per share

Dividends

The Board of Directors declared a $0.445 per share quarterly dividend of common stock, payable September 1, 2025, to shareholders of record as of August 7, 2025.
FirstEnergy expects a $1.78 per share annual dividend rate in 2025, up from $1.70 in 2024, representing more than an 11% increase in annual dividend declarations since 2023.

Jul 23, 2025, 8:20 PM

Press Release

FirstEnergy unveils $28 billion grid-modernization plan at Pennsylvania summit

New Projects/Investments

Hiring

FirstEnergy CEO Brian X. Tierney spoke at the Pennsylvania Energy and Innovation Summit, highlighting rising electricity demand driven by economic development and AI and stressing the need for more dispatchable energy sources and stronger transmission infrastructure.
The company will invest $28 billion through 2029 to modernize its grid systemwide, including $15 billion in Pennsylvania for infrastructure enhancements, processes and facilities.
Under its Energize365 program, FirstEnergy will deploy automated outage-detection technology, upgrade wires for increased capacity, implement SCADA real-time monitoring and expand substations.
To support this effort, FirstEnergy plans to hire over 40 journey-level apprentices and technicians in Pennsylvania this year.

Jul 15, 2025, 8:29 PM

Press Release

FirstEnergy issues convertible senior notes and repurchases 2026 debt

Debt Issuance

Convertible Preferred Issuance

FirstEnergy Corp. concurrently entered into indentures for 3.625% convertible senior notes due 2029 and 3.875% convertible senior notes due 2031 (up to $1.15 billion aggregate principal), each dated June 12, 2025.
The company offered and sold the Notes to initial purchasers in a private placement under Section 4(a)(2) and Rule 144A of the Securities Act.
On June 9, 2025, FE repurchased approximately $1.2 billion aggregate principal amount of its outstanding 2026 convertible notes using a portion of the new notes’ proceeds.
FE expects that holders of the repurchased 2026 Notes may unwind convertible arbitrage hedges, which could impact FE’s common stock price.

Jun 12, 2025, 12:00 AM

8-K

FirstEnergy Annual Meeting Reviews Key Shareholder Votes and Strategic Reorganization

Proxy Vote Outcomes

New Projects/Investments

Shareholders voted on director nominees, auditor ratification, and executive compensation proposals during the Annual Meeting.
Reorganization efforts led to about 350 employee exits and a planned return to the office in July, with no additional layoffs expected.
The company announced plans to invest approximately $4.3 billion in Pennsylvania between 2005 and 2029 to enhance grid reliability and resiliency.

May 21, 2025, 12:01 PM

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