FirstEnergy withdraws Ohio ESP V, targets new plan by early 2025; $26B capex plan reaffirmed

FIRSTENERGY CORP

Withdrew Ohio ESP V on Oct 29; will revert to ESP IV and file ESP VI plus base rate case by early 2025.
Pennsylvania base rate case settlement filed Sept 13 for $225M net revenue increase; order expected Dec 2024.
$26B Energize365 2024-2028 plan targets 9% average annual rate base growth, 44% increase over prior 5-yr plan.
Data center pipeline exceeds 7 GW through 2033, with over 2 GW under agreement across FE's footprint.
Transmission JDA with AEP/Dominion includes $3.8B projects; FE portion $1.3B; approvals expected Feb 2025.

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