$FE

Peter Thiel's fund, Thiel Macro LLC, reported $418.7M in US stock holdings as of 30 June 2026, with Amazon as the largest position at $118M. The portfolio is heavily weighted towards power and energy names, which account for 71.82% of the total value. The filing follows two quarters with no reported holdings.

West Virginia officials and utilities are working to maintain coal-fired power plants for the PJM Interconnection grid. They criticize PJM's rules and costs, with coal at $122/MWh vs. natural gas at $78/MWh. FirstEnergy and Appalachian Power have invested in upgrades. The PSC is implementing rules for economic dispatch, with a public hearing scheduled.

FirstEnergy prefers modernizing parts of the local electric system over replacing 34.5 miles of aging underground cable near Lakewood, citing cost and time. PUCO staff proposed broader inspections and a replacement plan, but no final order has been issued. Cable failures contributed to several summer outages, affecting thousands of customers. PUCO staff proposed a $3.05M forfeiture for CEI, FirstEnergy's subsidiary, but it is not yet final. Corrective work from a 2025 outage investigation is sti

FirstEnergy (FE) subsidiary Potomac Edison seeks a $52.8M Maryland rate increase to fund infrastructure upgrades, raising average residential bills by 5.3%. The utility claims rates will remain lowest in Maryland. The Maryland Public Service Commission must approve the request.

Peter Thiel's Thiel Macro LLC disclosed a $418.67 million equity portfolio in Q2, focusing on energy infrastructure and utilities. The firm invested in electric utilities like American Electric Power (AEP), DTE Energy (DTE), FirstEnergy (FE), and CMS Energy (CMS), as well as Vistra (VST) and X-Energy (XE). Amazon (AMZN) is the largest holding at $117.98 million, tied to energy agreements. Additionally, the portfolio includes Vista Energy (VIST) for conventional energy exposure.

FirstEnergy's proposed three-year rate plan for its Ohio utilities could increase monthly bills by $15.45 for a typical residential customer by the third year, according to the Office of the Ohio Consumers’ Counsel. The plan includes $2.5 billion in capital investments and a 10.2% return on equity, up from 9.63%. The Public Utilities Commission of Ohio (PUCO) will review the proposal, with hearings scheduled to begin in March 2027.

Potomac Edison (FirstEnergy, FE) proposed a $52.8M rate adjustment in Maryland to fund grid upgrades. This would raise residential bills by 5.3%, but rates would remain the lowest among investor-owned utilities in the state. The plan requires approval from the Maryland Public Service Commission.

The Campbell County Board of Supervisors opposes a $1B high-voltage transmission line project by Dominion Energy, FirstEnergy, and Transource. The 115-mile line would transmit power to Northern Virginia's data centers, with a substation in Campbell County. Local officials and landowners cite potential long-term impacts on rural Virginia.

Peter Thiel's hedge fund, Thiel Macro, reported no U.S. long stock holdings for two consecutive quarters ending December 2025 and March 2026. It then filed a portfolio of eight stocks worth $418.7 million as of June 30, 2026, with 72% invested in energy and power companies. The largest positions include Amazon, Vista Energy, and Vistra.

FirstEnergy (FE) reported Q2 2026 adjusted earnings of $0.50 per share, exceeding estimates. The company reaffirmed its 2026 guidance and confirmed a $6b investment plan under Energize365. Shares are down 6.85% in the last month but up 10.44% over one year. Analysts see fair value at $53.23, citing infrastructure investments and grid modernization. However, legal risks and higher financing costs could impact returns.