FirstEnergy Pennsylvania Electric Company Launches Exchange Offer for Senior Notes
News related to:FirstEnergy Pennsylvania Electric Company · 2 min read
GREENSBURG, Pa., Sept. 17, 2026 /CourierPR/ -- FirstEnergy Pennsylvania Electric Company, a subsidiary of FirstEnergy Corp., has launched an exchange offer for its outstanding unregistered debt securities. The company is inviting holders of its 4.150% Senior Notes due 2028 and 4.550% Senior Notes due 2031 to swap their current notes for new, registered notes with identical terms.
According to the press release, the exchange offer is part of the company's ongoing efforts to comply with registration rights agreements. The new notes will be registered under the Securities Act of 1933, providing greater liquidity and transparency for investors.
The exchange offer will be open until October 16, 2026, at 5:00 p.m. New York City time. Holders of the outstanding notes can tender their securities for exchange at any time before the deadline. The offer can also be withdrawn prior to expiration.
FirstEnergy Pennsylvania Electric Company, known locally as Penn Power, Penelec, Met-Ed, and West Penn Power, serves a wide range of customers across western and central Pennsylvania. Penn Power serves approximately 173,000 customers in Allegheny, Beaver, Butler, Crawford, Lawrence, and Mercer counties. Penelec, Met-Ed, and West Penn Power serve 597,000, 592,000, and 746,000 customers, respectively, in their respective service areas.
FirstEnergy Corp., a major utility company, operates in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. It is dedicated to integrity, safety, reliability, and operational excellence. The company's transmission subsidiaries manage approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.
The exchange offer is being made in accordance with the terms set forth in a prospectus dated September 17, 2026. Interested parties can obtain copies of the prospectus and other exchange offer documents from the exchange agent, U.S. Bank Trust Company, National Association. The company has provided contact information for those seeking more details.
This exchange offer is being made solely for informational purposes and does not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell, any of the outstanding or new notes. The exchange offer is being made only pursuant to the exchange offer prospectus, which has been filed with the Securities and Exchange Commission as part of the company's Registration Statement on Form S-4.