Utilities
FirstEnergy reported Q2 2026 earnings attributable to FE of $288 million ($0.50/share), up 7% year-over-year, driven by higher transmission revenues and true-up adjustments, while the company advanced its $36 billion Energize365 (2026-2030) capital investment plan and pursued multiple state rate cases.
Key risk: Ongoing Government Investigations and Litigation Costs
The company noted higher investigation and other related costs associated with ongoing government investigations and ongoing litigation as a factor reducing Q2 2026 and first-half 2026 earnings versus the prior year, indicating continued financial exposure from these matters.
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