$FE

FirstEnergy Corp (FE) reported Q2 2026 revenues of $3.68B, up 8.8% YoY, and operating income of $677M, up 23.8%. Growth driven by higher rates, customer demand, and investments. FE's Energize365 plan aims for 10% CAGR rate-base growth through 2030. Evergy (EVRG) and PPL Corp (PPL) also reported revenue and income growth in Q2 2026.

Peter Thiel's hedge fund, Thiel Macro, reported a $418.7M portfolio, with seven of eight positions in energy companies, including Vista Energy, Vistra, and American Electric Power. The fund's largest holding is Amazon, at $118M, 28% of the portfolio, betting on AI-driven electricity demand.

Peter Thiel's hedge fund, Thiel Macro, disclosed a $418.7 million U.S. equity portfolio focused on utilities, shale, and nuclear energy, with Amazon as the largest holding at $118 million. The fund's investments align with the growing electricity demand driven by AI infrastructure, according to its 13F filing. Amazon has increased its capital spending plan to $220 billion by 2026, with a significant portion allocated to cloud and AI infrastructure. Other notable holdings include Vista Energy, Vi

Peter Thiel's hedge fund, Thiel Macro, disclosed a $418.7M U.S. equity portfolio in its 13F filing, with Amazon as the largest holding at $118M. The portfolio focuses on energy and utilities, including Vista Energy, Vistra, and several power companies, reflecting a strategy tied to AI's electricity demands. Amazon's increased capital spending on cloud and AI infrastructure supports this investment theme.

Peter Thiel's Thiel Macro LLC disclosed a $418.7 million portfolio, with seven energy companies and Amazon (AMZN) as the eighth. The investments focus on the energy bottleneck in AI development. Key holdings include Amazon ($118M), Vista Energy ($75.9M), and Vistra ($59.1M). The market reacted to Vista Energy's stake with a temporary price increase.

FirstEnergy CEO Brian Tierney acknowledged Lakewood's outdated electrical system needs replacement, costing hundreds of millions and taking 7-9 years. The PUCO proposed a $3M fine for outages. Lakewood officials seek assurances. Meanwhile, debate continues over closing Burke Lakefront Airport, with mixed political support.

Pennsylvania will expedite permitting for data centers that commit to new power supplies, including clean energy, under an executive order by Gov. Shapiro. Projects must meet power, environmental, and cost-responsibility requirements. Jefferies analysts note this could impact power producers like Talen Energy, Vistra, and PSEG Power. Utilities PPL and FirstEnergy have significant data center load agreements, potentially affected by the order.

A U.S. District Court judge set a Jan. 21, 2028 federal trial for former FirstEnergy CEO Chuck Jones and lobbyist Michael Dowling in a $60 million bribery and racketeering case tied to Ohio House Bill 6. The judge set related pretrial deadlines. FirstEnergy previously agreed to pay $230 million and admitted bribing regulators.

FirstEnergy’s Cleveland Electric Illuminating (CEI) made Lakewood reliability fixes after 2025 outages, including breaker replacements and work at 167 utility poles, plus a smart-meter rollout. Two Lakewood transformer replacements were still pending when outages returned in June-July. PUCO proposes broader underground cable inspections and a $3.05 million penalty.

Ohio’s PUCO issued a “notice of probable noncompliance” to FirstEnergy’s Cleveland Electric Illuminating Company after prolonged Lakewood power outages in July 2026, following a resident survey and an open letter from Lakewood City Council and Mayor. PUCO said the utility must respond by Aug. 21, 2026. The article cites outage durations averaging 12 hours, with some up to 48.