FirstEnergy Prepares for Severe Weather Impact in Pennsylvania
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: PRnewswire
- Severe Weather Preparedness: FirstEnergy Pennsylvania Electric Company is preparing for severe weather expected Wednesday and Thursday, marking the fourth significant storm in 12 days, with wind gusts potentially reaching 65 mph, posing risks of downed trees and power line damage.
- Resource Mobilization: The company will mobilize a substantial workforce, including additional lineworkers and support personnel, as well as forestry and damage assessment teams, to ensure rapid response to potential outages and support 24/7 restoration efforts.
- Complex Weather Impacts: The past two weeks have seen 14 confirmed tornadoes and multiple rounds of heavy rain, high winds, and lightning, resulting in widespread complex damage that requires careful and time-intensive restoration work.
- Long-term Investment Plans: FirstEnergy plans to invest approximately $13 billion between 2026 and 2030 through its Energize365 initiative to build a smarter, more resilient grid that meets evolving community needs and withstands increasingly severe storms.
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Analyst Views on FE
Wall Street analysts forecast FE stock price to rise
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 47.700
Low
46.00
Averages
49.25
High
54.00
Current: 47.700
Low
46.00
Averages
49.25
High
54.00
About FE
FirstEnergy Corp. and its subsidiaries are involved in the transmission, distribution, and generation of electricity through its segments: Distribution, Integrated and Stand-Alone Transmission. The Distribution Segment, which consists of the Ohio Companies and FirstEnergy Pennsylvania Electric Company (FE PA), distributes electricity in Ohio and Pennsylvania. The Integrated segment includes the distribution and transmission operations under Jersey Central Power & Light Company (JCP&L), Monongahela Power Company (MP) and The Potomac Edison Company (PE), as well as MP's regulated generation operations. The segment distributes electricity in New Jersey, West Virginia and Maryland, provides transmission infrastructure, and operates over 3,610 megawatts of regulated generation capacity. The Stand-Alone Transmission segment consists of its ownership in FET and KATCo, which includes transmission infrastructure owned and operated by the Transmission Companies and used to transmit electricity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FirstEnergy Prepares for Severe Weather Impact in Pennsylvania
- Severe Weather Preparedness: FirstEnergy Pennsylvania Electric Company is preparing for severe weather expected Wednesday and Thursday, marking the fourth significant storm in 12 days, with wind gusts potentially reaching 65 mph, posing risks of downed trees and power line damage.
- Resource Mobilization: The company will mobilize a substantial workforce, including additional lineworkers and support personnel, as well as forestry and damage assessment teams, to ensure rapid response to potential outages and support 24/7 restoration efforts.
- Complex Weather Impacts: The past two weeks have seen 14 confirmed tornadoes and multiple rounds of heavy rain, high winds, and lightning, resulting in widespread complex damage that requires careful and time-intensive restoration work.
- Long-term Investment Plans: FirstEnergy plans to invest approximately $13 billion between 2026 and 2030 through its Energize365 initiative to build a smarter, more resilient grid that meets evolving community needs and withstands increasingly severe storms.
See More
FirstEnergy Prepares for Severe Weather Impact in Pennsylvania
- Frequent Severe Weather: FirstEnergy has faced four significant storm systems in the past 12 days, with the upcoming storm expected to bring wind gusts up to 65 mph, posing risks of downed trees and power line damage, which could disrupt customer service.
- Workforce Mobilization: The company has mobilized a substantial workforce, including additional lineworkers and support personnel, to ensure a rapid response to potential outages during the storm, demonstrating its commitment to customer service.
- Complex Damage Management: Over the past two weeks, 14 confirmed tornadoes have occurred, combined with heavy rain and high winds, resulting in widespread complex damage that requires careful and time-intensive restoration efforts, showcasing the company's resilience in extreme weather conditions.
- Long-term Investment Plans: FirstEnergy plans to invest approximately $13 billion between 2026 and 2030 through its Energize365 initiative to build a smarter, more resilient grid that can withstand increasingly severe storms and meet the evolving needs of communities.
See More
JCP&L Extends Bond Exchange Offer to June 15
- Exchange Offer Extension: JCP&L has extended its bond exchange offer deadline from June 1, 2026, to June 15, 2026, aiming to enhance investor participation and optimize its capital structure.
- Bond Size and Rates: The exchange involves $3.5 billion in bonds, including 4.150%, 4.400%, and 5.150% senior notes, reflecting the company's focus on future financing costs and market conditions.
- Investor Participation: As of June 1, 2026, approximately $1,344,690, or 99.6067% of the outstanding notes, have been tendered in the exchange, indicating a positive market response to the offer.
- Customer Base and Market Position: Serving 1.2 million customers across multiple counties in New Jersey, JCP&L, as a subsidiary of FirstEnergy, solidifies its position in the electric distribution market, enhancing the company's long-term growth potential.
See More
JCP&L Extends Bond Exchange Offer to June 15
- Exchange Offer Extension: JCP&L has extended its bond exchange offer deadline from June 1, 2026, to June 15, 2026, aiming to enhance investor participation and optimize its capital structure.
- Bond Size and Rates: The exchange involves a total of $3.5 billion in bonds, including 4.150%, 4.400%, and 5.150% senior notes, reflecting the company's ability to manage future financing costs effectively.
- Investor Response: As of June 1, 2026, 99.6067% of the existing bonds were tendered for exchange, indicating a positive market response to the transaction, which may enhance the company's liquidity.
- Customer Base and Market Position: JCP&L serves 1.2 million customers across several counties in New Jersey, and as a subsidiary of FirstEnergy, its strengthened position in the power distribution market enhances its competitiveness within the industry.
See More
FirstEnergy Files Three-Year Rate Plan for Infrastructure Upgrades
- Infrastructure Investment: FirstEnergy's proposed three-year plan allocates approximately $800 million annually for electric infrastructure upgrades, aimed at reducing outages and speeding restoration times, thereby enhancing customer satisfaction and the company's reputation.
- Customer Bill Adjustments: Under the proposal, residential customers using about 1,000 kWh per month are expected to see annual bill increases of 2.2%-2.8%, translating to an additional $4.26 to $5.30 per month, ensuring customers can gradually adapt to the changes in costs.
- Vegetation Management Plan: The plan also includes $83 million per year for tree trimming and vegetation management to address one of Ohio's leading causes of outages, further improving grid reliability and safety.
- Customer Support Initiatives: FirstEnergy will create a new $4 million energy assistance fund through the consolidation of existing programs, aiming to provide more support for economically challenged customers and enhance the company's sense of responsibility and image within the community.
See More
FirstEnergy Files Three-Year Rate Plan to Enhance Reliability
- Investment Overview: FirstEnergy's Three-Year Rate Plan (TYRP) outlines an average annual investment of $800 million in infrastructure upgrades, including neighborhood poles, wires, and grid technology, aimed at reducing outages and speeding up power restoration, thereby enhancing the reliability of the electric system.
- Vegetation Management: The plan allocates $83 million annually for tree trimming and vegetation management, addressing one of Ohio's leading causes of outages, ensuring stability and safety in power supply.
- Customer Bill Assistance: The TYRP focuses on extending existing bill assistance programs and adding new initiatives to support customers struggling to pay their electric bills, ensuring necessary support and services amid economic pressures.
- Gradual Bill Changes: By spreading investments over three years, the TYRP helps maintain gradual bill changes, making it easier for customers to manage costs, with expected monthly bill changes remaining within manageable limits to alleviate financial burdens on families and businesses.
See More
FirstEnergy Prepares for Severe Weather Impact in Pennsylvania
- Severe Weather Preparedness: FirstEnergy Pennsylvania Electric Company is preparing for severe weather expected Wednesday and Thursday, marking the fourth significant storm in 12 days, with wind gusts potentially reaching 65 mph, posing risks of downed trees and power line damage.
- Resource Mobilization: The company will mobilize a substantial workforce, including additional lineworkers and support personnel, as well as forestry and damage assessment teams, to ensure rapid response to potential outages and support 24/7 restoration efforts.
- Complex Weather Impacts: The past two weeks have seen 14 confirmed tornadoes and multiple rounds of heavy rain, high winds, and lightning, resulting in widespread complex damage that requires careful and time-intensive restoration work.
- Long-term Investment Plans: FirstEnergy plans to invest approximately $13 billion between 2026 and 2030 through its Energize365 initiative to build a smarter, more resilient grid that meets evolving community needs and withstands increasingly severe storms.
See More
FirstEnergy Prepares for Severe Weather Impact in Pennsylvania
- Frequent Severe Weather: FirstEnergy has faced four significant storm systems in the past 12 days, with the upcoming storm expected to bring wind gusts up to 65 mph, posing risks of downed trees and power line damage, which could disrupt customer service.
- Workforce Mobilization: The company has mobilized a substantial workforce, including additional lineworkers and support personnel, to ensure a rapid response to potential outages during the storm, demonstrating its commitment to customer service.
- Complex Damage Management: Over the past two weeks, 14 confirmed tornadoes have occurred, combined with heavy rain and high winds, resulting in widespread complex damage that requires careful and time-intensive restoration efforts, showcasing the company's resilience in extreme weather conditions.
- Long-term Investment Plans: FirstEnergy plans to invest approximately $13 billion between 2026 and 2030 through its Energize365 initiative to build a smarter, more resilient grid that can withstand increasingly severe storms and meet the evolving needs of communities.
See More
JCP&L Extends Bond Exchange Offer to June 15
- Exchange Offer Extension: JCP&L has extended its bond exchange offer deadline from June 1, 2026, to June 15, 2026, aiming to enhance investor participation and optimize its capital structure.
- Bond Size and Rates: The exchange involves $3.5 billion in bonds, including 4.150%, 4.400%, and 5.150% senior notes, reflecting the company's focus on future financing costs and market conditions.
- Investor Participation: As of June 1, 2026, approximately $1,344,690, or 99.6067% of the outstanding notes, have been tendered in the exchange, indicating a positive market response to the offer.
- Customer Base and Market Position: Serving 1.2 million customers across multiple counties in New Jersey, JCP&L, as a subsidiary of FirstEnergy, solidifies its position in the electric distribution market, enhancing the company's long-term growth potential.
See More
JCP&L Extends Bond Exchange Offer to June 15
- Exchange Offer Extension: JCP&L has extended its bond exchange offer deadline from June 1, 2026, to June 15, 2026, aiming to enhance investor participation and optimize its capital structure.
- Bond Size and Rates: The exchange involves a total of $3.5 billion in bonds, including 4.150%, 4.400%, and 5.150% senior notes, reflecting the company's ability to manage future financing costs effectively.
- Investor Response: As of June 1, 2026, 99.6067% of the existing bonds were tendered for exchange, indicating a positive market response to the transaction, which may enhance the company's liquidity.
- Customer Base and Market Position: JCP&L serves 1.2 million customers across several counties in New Jersey, and as a subsidiary of FirstEnergy, its strengthened position in the power distribution market enhances its competitiveness within the industry.
See More
FirstEnergy Files Three-Year Rate Plan for Infrastructure Upgrades
- Infrastructure Investment: FirstEnergy's proposed three-year plan allocates approximately $800 million annually for electric infrastructure upgrades, aimed at reducing outages and speeding restoration times, thereby enhancing customer satisfaction and the company's reputation.
- Customer Bill Adjustments: Under the proposal, residential customers using about 1,000 kWh per month are expected to see annual bill increases of 2.2%-2.8%, translating to an additional $4.26 to $5.30 per month, ensuring customers can gradually adapt to the changes in costs.
- Vegetation Management Plan: The plan also includes $83 million per year for tree trimming and vegetation management to address one of Ohio's leading causes of outages, further improving grid reliability and safety.
- Customer Support Initiatives: FirstEnergy will create a new $4 million energy assistance fund through the consolidation of existing programs, aiming to provide more support for economically challenged customers and enhance the company's sense of responsibility and image within the community.
See More
FirstEnergy Files Three-Year Rate Plan to Enhance Reliability
- Investment Overview: FirstEnergy's Three-Year Rate Plan (TYRP) outlines an average annual investment of $800 million in infrastructure upgrades, including neighborhood poles, wires, and grid technology, aimed at reducing outages and speeding up power restoration, thereby enhancing the reliability of the electric system.
- Vegetation Management: The plan allocates $83 million annually for tree trimming and vegetation management, addressing one of Ohio's leading causes of outages, ensuring stability and safety in power supply.
- Customer Bill Assistance: The TYRP focuses on extending existing bill assistance programs and adding new initiatives to support customers struggling to pay their electric bills, ensuring necessary support and services amid economic pressures.
- Gradual Bill Changes: By spreading investments over three years, the TYRP helps maintain gradual bill changes, making it easier for customers to manage costs, with expected monthly bill changes remaining within manageable limits to alleviate financial burdens on families and businesses.
See More
