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FirstEnergy’s 1.2 GW Maidsville Project — Can It Unlock The West Virginia Pipeline?

FirstEnergy Corporation’s second quarter 2026 financial results reflect steady operational and strategic progress across its regulated utility businesses, supported by a reaffirmed capital investment plan and earnings guidance. The company reported GAAP and core earnings of $0.50 per share for the quarter, compared with $0.46 and $0.52 per share, respectively, in the prior-year period, with year-to-date core earnings increasing modestly to $1.22 per share from $1.19. These results align with FirstEnergy’s stated annual plan and reflect the anticipated timing of earnings growth. The company reaffirmed its $6 billion capital investment plan for 2026 and a broader $36 billion five-year plan through 2030, aiming for 6% to 8% core earnings growth annually, driven by investments in transmission, generation, and customer-focused infrastructure. Notably, capital deployment through the first half of the year rose 19% over 2025, underscoring aggressive expenditure to support growth and reliability initiatives. The consolidated return on equity of 9.