FirstEnergy Pennsylvania Electric Co., a subsidiary of FirstEnergy Corp, filed to exchange up to $850 million in outstanding senior notes for registered securities with identical terms and interest rates, according to a prospectus supplement dated September 17, 2026.
The offering comprises two tranches: up to $300 million of unregistered 4.150% Senior Notes due 2028, and $550 million of unregistered 4.550% Senior Notes due 2031. The company said the exchange satisfies registration rights agreements entered into when the notes were originally issued, characterizing the move as a routine compliance action rather than a new financing transaction. U.S. Bank Trust Company, National Association serves as exchange agent.
The registration statement on Form S-4 was declared effective by the Securities and Exchange Commission on September 15, 2026. The exchange offer will expire at 5:00 p.m. New York time on October 16, 2026; holders may tender or withdraw tenders any time before that deadline.
FirstEnergy Pennsylvania Electric operates through four local brands—Penn Power, Penelec, Met-Ed and West Penn Power—serving approximately 2.1 million customers across Pennsylvania and western New York. Penn Power covers roughly 173,000 customers in western Pennsylvania counties. Penelec serves about 597,000 customers in northern and central Pennsylvania and western New York, while Met-Ed provides service to approximately 592,000 customers in eastern and southeastern Pennsylvania. West Penn Power serves around 746,000 customers across 24 counties in central and southwestern Pennsylvania.
