Firstenergy Corp. · NYSE:FE
Firstenergy — Investor Presentation (June 2026)
14 slides from Firstenergy's investor presentation, Jun 1, 2026
Slide 1: Focused on Our Future: Spring Investor Update
Focused on Our Future Spring Investor Update Published June 1, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements based on information currently available to management and unless the context requires otherwise, references to “we,” “us,” “our” and “FirstEnergy” refers to FirstEnergy Corp. and its subsidiaries. Such statements are s
Slide 3: Non-GAAP Financial Matters
Non-GAAP Financial Matters 3 This presentation contains references to certain forward-looking financial measures, including Core Earnings per share (“Core EPS”), which are “non-GAAP financial measures,” and are not calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”)
Slide 4: Key Messages
Key Messages Spring Investor Meetings - June 20264 ■ Key Strategic and Regulatory Updates ➢ WV Base Rates: Pursuing Inflation and Investment Adjustment with 4.75% increase effective August 1, 2026, followed by second increase of 4.50% on June 1, 2027(1) ➢ WV Generation CPCN: Advancing key contracts
Slide 5: FirstEnergy Overview
FirstEnergy Overview Spring Investor Meetings - June 20265 As we execute safely, efficiently and with integrity, our customers, employees and investors thrive Regulated Fossil Generation plants Regulated Renewable Generation plants Constructive Regulatory Strategy with 75% of Investments in Formula
Slide 6: Solid Execution and Strong Start to 2026
Solid Execution and Strong Start to 2026 Spring Investor Meetings - June 20266 We remain focused on delivering against our commitments to our customers and investors REAFFIRMING 2026 GUIDANCE $6.0B Investment Plan $2.62-$2.82/sh Core EPS(1) Guidance 6-8% Near the Top End of Core EPS(1) CAGR (2026-20
Slide 7: Regulatory Updates
Regulatory Updates Spring Investor Meetings - June 20267 CPCN Filing • Hearings scheduled for mid-July; expect regulatory approval in 2H 2026 • Advancing key contracts for major equipment, EPC, and gas supply • Long-term financial plan expected to be updated following approval • MP and PE-WV filed t
Slide 8: Data Center Overview
Data Center Overview 8 (1) Represents TTM 1Q26 Detailed Load Studies (DLS) / Conceptual Load Studies (CLS) greater than 500 MWs, not contracted or included in FE pipeline 2 0 2 6 F 2 0 3 1 F 2 0 3 5 F 2,205 4,755 5,605 6,930 13,520 Contracted Pipeline 19,125 11,685 FE: Cumulative Data Center Demand
Slide 9: Diverse Jurisdictions Provide Flexibility for Capital Deployment
Diverse Jurisdictions Provide Flexibility for Capital Deployment ■ 2026-2030 Investment plan resulted in significant increases in capex across all business units ■ As policies and regulations change, our diversity – jurisdictional and regulatory frameworks – allow for flexibility in capital deployme
Slide 10: Shareholder Value Proposition
Shareholder Value Proposition Spring Investor Meetings - June 202610 (1) The Company is unable to reconcile this forward-looking non-GAAP information without unreasonable efforts. Please see slide 3 for more information. Our diversified service territory, low-risk investment plan and a strong afford
Slide 11: Appendix
Appendix Spring Investor Meetings - June 202611 12. Ohio Three-Year Rate Plan 13. WV Base Rate Case Filing 14. WV CPCN and Siting Certificate Filing Slide
Slide 12: Ohio Three-Year Rate Plan
Ohio Three-Year Rate Plan Filed 5/22/26 (Case No: 26-0347-EL-AIR) Filing Summary Three-Year Rate Plan (TYRP) supports transparent recovery of distribution system investments needed to provide safe and reliable service to customers. Key Components ■ Capital recovery through base rates, including: – I
Slide 13: WV Base Rate Case Filing
WV Base Rate Case Filing Filed 5/15/26 (Case No: 26-0508-E-42T) 13 Key Statistics of Base Rate Case Proposed Current Rate Base $4.3B(1) $3.2B(1) Return on Equity 10.85% 9.80% Cap Structure (Debt / Equity) 45.5% / 54.5% 50.4% / 49.6% Test Year 2025 2022 Key Components of Base Rate Case ■ Proposed rev
Slide 14: MP and PE-WV CPCN and Siting Certificate Filing
MP and PE-WV CPCN and Siting Certificate Filing Filed 2/13/26 (Docket Number: 26-0108-E-CN) Spring Investor Meetings - June 202614 (1) Class Level 4 Cost Estimate (2) Utility-scale solar to be located at the Davis, Wylie Ridge, and Valley Point locations (3) Based on 50% debt funding Key Statistics