FIRSTENERGY CORP (FE) Risk Factors
UtilitiesLatest 10-K filed Feb 27, 2025Source: SEC EDGAR
WealthWire extracted and classified 55 risk factors from FIRSTENERGY CORP’s latest SEC filing, mapping each to a standardized risk taxonomy so they can be compared across every company and sector. The breakdown below shows how those disclosures distribute across risk categories.
ESG & reputation
16 factorsLegal & regulatory
12 factorsFinancial
11 factorsOperations & people
8 factorsMarket & business
5 factorsOther
2 factorsTechnology
1 factorsRecent key developments
Concrete developments — dated events, named agreements and instruments, legal proceedings — that FIRSTENERGY CORP surfaced in its latest filing.
- Entered into a three-year Deferred Prosecution Agreement (DPA) with the U.S. Attorney's Office on July 21, 2021, and paid a $230 million monetary penalty under the DPA.July 21, 2021
- Successfully completed the three-year term obligations under the DPA as of July 22, 2024.July 22, 2024
- January 17, 2025 indictment against two former FirstEnergy senior officers.January 17, 2025
- Federal securities class action litigation In re FirstEnergy Corp. Securities Litigation (S.D. Ohio) filed by stockholders and customers.
- February 26, 2024: Stay lifted on PUCO investigations related to HB 6, covering four specified proceedings.February 26, 2024
- September 8, 2020 OCC motion to PUCO to open investigation and management audit of Ohio Companies regarding HB 6 activities.September 8, 2020
- Consolidated audit proceeding (DMR audit, expanded DCR rider audit, corporate separation audit) evidentiary hearings scheduled to begin May 13, 2025.May 13, 2025
- September 15, 2020 PUCO proceeding reviewing political and charitable spending by Ohio Companies in support of HB 6 and referendum effort.September 15, 2020
- Third-party auditor's report in the political spending proceeding filed on September 30, 2024.September 30, 2024
- December 30, 2020 PUCO directed full review of the Distribution Modernization Rider (DMR) to ensure funds collected were used for ESP IV purposes.December 30, 2020
- Auditor's report in the DMR audit proceeding filed on January 14, 2022.January 14, 2022
- March 10, 2021 PUCO expanded the 2020 annual audit of Ohio Companies' Rider DCR to include review of certain improperly classified, misallocated, or unsupported transactions and potential refunds to customers.March 10, 2021
- September 12, 2024: U.S. Treasury issued proposed regulations for the corporate alternative minimum tax (AMT) under the Inflation Reduction Act of 2022.September 12, 2024
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