Firstenergy Corp

Company facts

Industry

Electric Services

Headquarters

Akron, Ohio

Most recent report

10-Q, filed Jul 28, 2026

Incorporated

Ohio

Filings on record

1,000+ filings

On EDGAR

CIK 1031296

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 2 positive, 4 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Full financial statements and notes with critical cash flow drop, debt surge, regulatory penalty, and error correction.
  Notable

  • JCP&L revised prior interim statements for a smart meter cost error; cumulative impact was corrected.
  • FE drew a new $750M term loan and PE a $150M term loan, both fully drawn upon execution.
  • JCP&L received $82M from nuclear plant refunds and is returning it to customers through May 2027.
  Negative

  • NJBPU staff recommended a $44M penalty against JCP&L for failing reliability standards three years running.

• Management's Discussion (Item 2)

  Detailed financial results, regulatory developments, and litigation updates demand attention.
  Positive

  • Energize365 plan of $36B for 2026-2030 is 25% above prior plan, targeting grid and transmission.
  • Moody's revised FE's outlook to positive from stable in March 2026, affirming Baa3 rating.
  Notable

  • Ohio companies filed a three-year rate plan on May 22, 2026, seeking $254M + $59M + $80M increases.
  Negative

  • Maryland's Utility RELIEF Act may reduce cost recovery and earnings for PE starting July 2026.
  • Ohio companies issued $266M of $275M in customer restitution, draining cash in Q1-Q2 2026.

What changed: Jun 2026 vs. Mar 2026

About 18% of FE's Jun 2026 10-Q is new information. 189 paragraphs were added, 362 changed, and 81 removed. Below are the most important lines SECSift identified.

• Item 2 303
• Item 1 163
• Item 4 2
• Item 1A 1
• Item 5 1