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Utility and Energy Transmission & Distribution News | Utility Dive

Utility and Energy Transmission & Distribution News | Utility Dive

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FirstEnergy faces minimal direct tariff impact, but ‘uncertainty’ weighs on customers: CEO

Utility and Energy Transmission & Distribution News | Utility Dive
Summary
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FirstEnergy CEO: Tariffs represent less than 0.2% on company's $28 billion capital investment program.

Industrial sales fell about 6% to 12.8 million MWh in first quarter , down from 13.6 million in third quarter last year .

Data center interest from potential data center customers hasn’t slowed, CEO says.

FirstEnergy ’s first quarter income jumped 42% to $360 million , or 62 cents /share.

Revenue increased 15% in the quarter to $3.8 billion .

Weather-adjusted sales by FirstEnergy 's utilities fell 1.3% in first quarter to 38.1 million MWh.