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FE News
FE Events
CRA International Conducts RFP for FirstEnergy's Renewable Energy Credits
CRA International announced that a Request for Proposals process will be conducted for FirstEnergy Corp.'s Ohio subsidiaries - Ohio Edison Company, The Cleveland Electric Illuminating Company, and The Toledo Edison Company to procure Renewable Energy Credits, which may include both solar and non-solar Renewable Energy Credits. The REC RFP process will lead up to the bid proposal submission date scheduled for November 2. RECs sought in this RFP must be: Eligible for compliance with the Companies' 2026 renewable energy obligations. Sourced from generating facilities certified in accordance with the rules and procedures put forth by the Public Utilities Commission of Ohio. Deliverable through PJM Environmental Information System Generation Attribute Tracking System and generated between January 1, 2024, and December 31. The RFP will be managed by the RFP Manager, CRA International, Inc. The RFP is being conducted pursuant to approval from the PUCO.
FirstEnergy Reports Q2 Revenue of $3.7B, Exceeds Expectations
Reports Q2 revenue $3.7B, consensus $3.54B. "We delivered another quarter of solid financial performance, demonstrating the strength of our strategy and our disciplined execution," said Brian X. Tierney, FirstEnergy Board Chairman, President and Chief Executive Officer. "Our results reinforce confidence in our ability to achieve our 2026 commitments and continue creating long-term value through targeted investments and constructive regulatory momentum."
FirstEnergy Launches $36 Billion Energize365 Investment Program
FirstEnergy's five-year, $36B Energize365 capital investment program will modernize the grid, renewing distribution infrastructure and strengthening transmission reliability while supporting long-term earnings growth. The plan represents an increase of nearly 30% compared with the company's previous five-year investment program. Based on this plan, the company is reaffirming its long-term Core Earnings compound annual growth near the top end of 6% to 8% from 2026 to 2030.
FirstEnergy Appoints New Senior Leadership Team
FirstEnergy announced a series of senior leadership appointments. After a comprehensive external and internal search process, Antonio Fernandez has been named VP of Business Transformation, starting June 28, reporting to Jon Taylor, SVP and CFO. In this role, Fernandez will lead a team focused on enhancing performance, simplifying processes, improving efficiency and supporting execution of key strategic priorities. Fernandez brings five years of leadership as FirstEnergy's VP and Chief Ethics & Compliance Officer. Succeeding Fernandez, Deandra Williams-Lewis has been appointed VP and Chief Ethics & Compliance Officer, beginning June 28. She will report to Hyun Park, SVP and CLO, and to the Audit Committee of the Board of Directors. In her new role, Williams-Lewis will lead FirstEnergy's Ethics & Compliance function, overseeing ethics and compliance risks, guiding policies, procedures and controls, and ensuring effective issue management and reporting across the company. She will continue to strengthen the company's culture of integrity and accountability. Williams-Lewis most recently served as Director, Ethics & Compliance and Chief Privacy Officer for FirstEnergy. Additionally, Brian Harrell, VP and Chief Security Officer, will assume the additional role of Chief Privacy Officer. In this expanded capacity, Harrell will lead the company's privacy program and continue to enhance the protection of sensitive customer and employee information.
FirstEnergy Appoints Daniel Puscas as Chief Information Officer
FirstEnergy recently named Daniel Puscas as chief information officer. Reporting to FirstEnergy board chair, president and CEO Brian Tierney, Puscas will take charge of FirstEnergy's enterprise technology, digital and cybersecurity strategy. He will oversee IT operations, digital platforms, cybersecurity and innovation efforts, with a focus on improving system reliability, enabling data-driven decision-making. He most recently served as a partner at Fortium Partners, advising companies on technology strategy, operational improvements and restructuring initiatives.
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