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FirstEnergy Board Chair, President and CEO Brian X. Tierney Participates in Pennsylvania Energy and Innovation Summit

1. FirstEnergy plans to invest over $28 billion by 2029 in modernization. 2. Significant focus on enhancing infrastructure in Pennsylvania with $15 billion. 3. New investments aim to create jobs and improve energy reliability. 4. Energize365 program includes advanced technology for smarter grid management. 5. FirstEnergy serves over 6 million customers across six states.

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Why Bullish?

FirstEnergy’s significant investments and job creation can lead to increased market confidence. Historical investments in infrastructure often correlate with stock price appreciation, as seen in utility sectors after major capital projects.

How important is it?

The article reflects FirstEnergy's commitment to future growth, likely boosting investor interest.

Why Long Term?

The planned investments will have a lasting positive effect, evidenced by utilities seeing increased valuation post-reinvestment.

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, /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) Board Chair, President and CEO Brian X. Tierney addressed government officials, global investors and leaders in energy, technology, labor and trade during today's Pennsylvania Energy and Innovation Summit at Carnegie Mellon University in Pittsburgh, hosted by Senator David McCormick. Tierney emphasized FirstEnergy's commitment to building a modern energy grid that supports growth and innovation fueled by emerging technologies. Brian Tierney: "The electric landscape – in Pennsylvania and across the country – is evolving rapidly as economic development and artificial intelligence drive increased electricity demand. Meeting this demand while ensuring reliable energy supply requires more dispatchable energy sources and a stronger transmission infrastructure. The surge in demand creates both challenge and opportunity. FirstEnergy is embracing the opportunity by making strategic investments that enable jobs creation, growth and resilience. Through 2029, FirstEnergy is investing more than $28 billion in capital systemwide to modernize local distribution systems and strengthen the transmission network. In Pennsylvania, that includes spending $15 billion in infrastructure enhancements, people, processes and facilities needed to deliver safe, reliable power. This year, more than 40 new journey-level hires and apprentices will join our Pennsylvania team in well-paying, meaningful careers with long-term growth opportunity. By investing in a smarter, stronger grid and dedicated workforce, FirstEnergy isn't just keeping pace with change – we are helping lead it." Planned Investments Strengthen the Grid Under Energize365, FirstEnergy's multi-year grid evolution program, the company is creating a smarter, more secure grid. Through 2029, key investments across its five-state service territory include: Automated technology to more quickly detect and resolve outages. Upgraded wires to handle increased capacity. Supervisory control and data acquisition (SCADA) technology that provides real-time monitoring of electric conditions. Modernized and expanded substations to increase capacity and flexibility. To learn more about Energize365 on FirstEnergy's website. FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on X @FirstEnergyCorp. SOURCE FirstEnergy Corp. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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