FirstEnergy Corp.·Utilities

Filing details planned investments to enhance reliability and keep rates predictable AKRON, Ohio, May 26, 2026 /PRNewswire/ -- FirstEnergy electric companies The Illuminating Company, Ohio Edison and Toledo Edison have filed their first Three-Year Rate Plan (TYRP) with the Public Utilities Commission of Ohio (PUCO). The plan supports strengthening the electric system to improve reliability and provides customers with more predictable rate changes.

FirstEnergy (FE) is fundamentally stronger, but its valuation lacks a wide margin of safety due to regulatory risks. Q1 results were solid, with core EPS up 7.5% YoY and 2026 guidance reaffirmed, yet FE trades at ~16.5x forward earnings. The $36B five-year capex plan and data center opportunities hinge on regulatory approvals, with heavy $28B debt and potential dilution remaining concerns.

Utilities stocks and the related ETFs have warded off interest rate disappointment this year. Indeed, they've delivered admirable performances, particularly in the context of the sector as a slow-moving bond proxy.

NextEra and Dominion Energy's massive merger may depend on whether the combined company can keep power bills in check even as it rushes to supply the energy-hungry data centers that have pushed consumer electricity prices higher.

Residential rates would remain among the lowest in the region FAIRMONT, W.Va., May 18, 2026 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have asked the Public Service Commission of West Virginia (PSC) to review electric rates so the companies can keep investing in a safe, reliable electric system that is better prepared for severe weather, while keeping costs in mind.

The VictoryShares US Large Cap High Div Volatility Wtd ETF (NASDAQ:CDL) pulls its distribution from dividends paid by large U.S.
FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities. It operates 24,074 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 273,295 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves approximately 6 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.
Utilities
Regulated Electric
12,294
1997-11-10
0.47