#USA #Senior Notes #FirstEnergy #Greensburg #FE PA

FirstEnergy’s Exchange Offer for Senior Notes

On September 17, 2026, FirstEnergy Pennsylvania Electric Company (FE PA), part of the larger FirstEnergy Corp. family, announced a notable exchange offer involving its unregistered senior notes. This move is key to maintaining the company's investor relations and ensuring compliance with regulatory obligations regarding securities.

The company aims to exchange two types of existing notes:
1. 4.150% Senior Notes due in 2028, with a total value of $300 million.
2. 4.550% Senior Notes due in 2031, valuing $550 million in total.

Both these existing notes will be exchanged for a similar principal amount of newly issued, registered notes which are in line with the requirements set forth by the Securities Act of 1933.

Exchange Details

The exchange offer is scheduled to close at 5:00 PM on October 16, 2026, unless otherwise extended. Any holders wishing to participate in the exchange must submit their tenders before this deadline. Additionally, participants can withdraw their tenders at any point prior to the expiration date of the exchange offer, which adds a layer of flexibility for investors.

This exchange offer fulfills FE PA's requirements under registration rights agreements linked with the prior issuance of its senior notes. Importantly, it is not framed as a new financing endeavor, instead focusing on restructuring existing obligations to enhance liquidity and improve investor confidence.

The formal terms are laid out in a prospectus dated September 17, 2026, which is available for interested stakeholders. To access the necessary documents, they can contact the exchange agent, U.S. Bank Trust Company, National Association, via mail, email, or phone. Here are the contact details for the exchange agent:

• - Mail/In-Person: U.S. Bank Trust Company, National Association, Attn: Corporate Actions, 111 Fillmore Avenue E, St. Paul, MN 55107-1402
• - Email: [email protected] (for Eligible Institutions only)
• - Phone: (800) 934-6802

The Importance of Investor Relations

FE PA, operating under several names including Penn Power, Penelec, Met-Ed, and West Penn Power, serves a diverse customer base across Pennsylvania. The exchange offer not only reflects FE PA’s dedication to its current investors but also positions it solidly for future engagements without the need for expedited financial maneuvering.

By maintaining strong investor relations and ensuring financial stability through such mechanisms, FE PA demonstrates its commitment to operational excellence and reliability, values that resonate deeply with stakeholders in the electric utilities industry.

Commitment to Quality and Safety

As a subsidiary of FirstEnergy Corp., FE PA adheres to high standards of integrity, safety, and operational effectiveness. FirstEnergy is recognized as one of the largest investor-owned electric systems in the country, providing crucial services across multiple states, including Pennsylvania, Ohio, New Jersey, West Virginia, Maryland, and New York.

The transmission subsidiaries manage around 24,000 miles of transmission lines, ensuring that energy needs are met efficiently across regions. The company's proactive approach reflects its commitment to not just meet but exceed customer expectations in an ever-evolving energy market.

Conclusion

As the deadline for the exchange approaches, FE PA's strategic exchange offer underscores its proactive management of financial health and investor relations. With strong operational foundations and a commitment to service excellence, the company is well-positioned to navigate future challenges and opportunities in the electric utility sector.