FirstEnergy Pennsylvania Electric Extends Notes Exchange Offer to October 30

FirstEnergy Pennsylvania Electric Company extended its exchange offer for its 4.150% Senior Notes due 2028 and 4.550% Senior Notes due 2031, moving the expiration from October 16 to October 30, 2026. The company said $845 million, or 99.4118%, of the outstanding notes had been tendered as of the original deadline, according to PR Newswire.

What the Exchange Offer Covers

FirstEnergy Pennsylvania Electric, a subsidiary of FirstEnergy Corp., is offering to exchange up to $300 million aggregate principal amount of its outstanding unregistered 4.150% Senior Notes due 2028 and up to $550 million aggregate principal amount of its outstanding unregistered 4.550% Senior Notes due 2031. Holders would receive a like principal amount of new notes of each series registered under the Securities Act of 1933.

The offer was previously scheduled to expire at 5:00 p.m., New York City time, on October 16, 2026, and will now expire at 5:00 p.m., New York City time, on October 30, 2026, unless further extended. The terms are set out in a prospectus dated September 17, 2026, as supplemented and amended by a prospectus supplement dated September 18, 2026, and as further supplemented by a prospectus supplement dated October 19, 2026.

U.S. Bank Trust Company, National Association serves as exchange agent. The registration statement on Form S-4 was declared effective on September 15, 2026. FE PA is known locally as Penn Power, Penelec, Met-Ed and West Penn Power.

FirstEnergy's Scale and Capital Plans

FirstEnergy Corp. is a regulated investor-owned electric utility serving over 6 million customers across Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York, according to akta.pro company records. The same records show 2025 revenue of $15.1 billion, up 11.9% year-over-year from $13.5 billion in 2024, and a $36 billion Energize365 five-year capital investment program for 2026 to 2030, with approximately $19 billion allocated to transmission investments.

Earlier FirstEnergy Developments

In October 2026, prosecutors dropped nine lesser charges against FirstEnergy officials Chuck Jones and Michael Dowling in the HB 6 bribery case, leaving 13 charges, with a second trial set for January 8, cleveland reported. In the same month, FirstEnergy said it plans to use dynamic line rating and power-flow controllers on Northeast Ohio transmission lines, estimating $28 million in costs and early 2027 construction, cleveland reported.

Next Steps for FirstEnergy Corp.

The exchange offer now expires at 5:00 p.m., New York City time, on October 30, 2026, unless further extended. FirstEnergy will release its third-quarter 2026 financial results after markets close on October 27 and hold an earnings call on October 28, Stock Titan reported.