Form 10-Q · Quarterly report
FirstEnergy 10-Q, filed Jul 28, 2026
- Filed
- CIK
- 0001031296
- Accession no.
- 0001031296-26-000123
Summary
FirstEnergy detailed a $36 billion Energize365 capital investment plan for 2026–2030, about 25% higher than its prior five-year plan, alongside regulatory updates on Ohio rate cases and PJM transmission awards, a dividend increase to $0.465 per share, and a positive outlook revision by Moody's.
Key points
- FirstEnergy's Energize365 investment plan for 2026–2030 totals $36 billion, with capital spending split 28% Distribution, 35% Integrated, and 35% Stand-Alone Transmission.
- FirstEnergy's board declared a $0.02 per share increase in the quarterly dividend to $0.465 per share, a 4.5% increase versus 2025.
- PJM awarded Valley Link about $3 billion of transmission projects in February 2025, with FirstEnergy's FET share estimated at about $1 billion; in February 2026 PJM awarded Grid Growth a project estimated at about $1 billion, with FET's share about $448 million.
- The Ohio Companies proposed base distribution revenue increases of about $254 million, $59 million, and $80 million over three years in a May 2026 rate application, with evidentiary hearings set to begin March 1, 2027.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations FIRSTENERGY CORP. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following Management’s Discussion and Analysis of Financial Condition and Results of Operations in this Form 10-Q discusses the three and six months ended June 30, 2026, and year-over-year comparisons between the three and six months ended June 30, 2026, and 2025, and should be read in conjunction with the Registrants’ interim financial statements and notes included in this Form 10-Q, and the Registrants’ audited financial statements, notes and “Management’s Discussion and Analysis of…
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.