FirstEnergy Pennsylvania Electric Company (FE PA) announced on September 17, 2026, the launch of an exchange offer for its outstanding unregistered senior notes. The company is seeking to exchange up to $300 million of its 4.150% Senior Notes due 2028 and up to $550 million of its 4.550% Senior Notes due 2031 for registered versions of the same securities.
The exchange offer is scheduled to expire at 5:00 p.m., New York City time, on October 16, 2026, unless the company extends the date. Holders of the outstanding notes may tender their securities before the expiration time and are permitted to withdraw their tenders at any time prior to the expiration.
According to the filing, this exchange offer is being conducted to satisfy the company’s obligations under registration rights agreements associated with the issuance of the original notes. It is not a new financing transaction. The terms of the offer are detailed in a prospectus dated September 17, 2026, which has been filed with the Securities and Exchange Commission as part of a Registration Statement on Form S-4 (File No. 333-298694).
FE PA, known locally as Penn Power, Penelec, Met-Ed, and West Penn Power, serves approximately 2.7 million customers across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. The company is a subsidiary of FirstEnergy Corp.
