FirstEnergy has unveiled a $36 billion grid modernization plan aimed at strengthening reliability and driving growth through 2030. The company targets a 10% annual rate base growth and 6-8% EPS growth, supported by a near-term capital expenditure program of $18 billion to $20 billion over five years. Recent financial reports show modest revenue growth and improved adjusted profits, with the company's stock reflecting stability driven by strategic investments in grid infrastructure and transmission.
The company is leveraging a massive capital expenditure plan for infrastructure and transmission to bolster grid reliability and regulated earnings growth.
Read the full storyThe utility plans up to $20 billion in capital spending over five years to modernize grid infrastructure and secure regulated earnings growth.
The utility giant targets 10% annual rate base growth and up to 8% EPS growth through 2030 via massive infrastructure investments.