FirstEnergy appoints Karen Kinslow as VP of Pennsylvania operations

GREENSBURG, Pa. - FirstEnergy Corp. (NYSE:FE), a utility company with a market capitalization of $23.28 billion and a consistent 28-year track record of dividend payments, announced Thursday the appointment of Karen Kinslow as Vice President of Pennsylvania Operations, effective July 28.

In her new role, Kinslow will oversee electricity delivery to more than two million customers across Pennsylvania and lead operational strategy aimed at improving customer experience. She will report to John Hawkins, President of FirstEnergy Pennsylvania. According to InvestingPro data, FirstEnergy generated $13.76 billion in revenue over the last twelve months, with a solid gross profit margin of 69.4%.Want deeper insights? InvestingPro offers exclusive access to 8 more key tips about FirstEnergy’s financial health and market position.

Kinslow brings nearly 20 years of utility sector experience to the position. She most recently served as Vice President of Distribution Operations at Dominion Energy Virginia, where she managed electric distribution for 2.7 million customers across two states.

"Karen brings a powerful combination of operational expertise, strategic insight and deep understanding of Pennsylvania’s energy landscape," said Hawkins in the company’s press release.

Prior to her role at Dominion Energy, Kinslow worked as a consultant with UMS Group, advising utilities on performance improvement and asset management. She holds a Bachelor of Science degree in industrial and management engineering from Rensselaer Polytechnic Institute.

FirstEnergy operates one of the nation’s largest investor-owned electric systems, serving more than six million customers across six states. The company’s transmission subsidiaries manage approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions. With a beta of 0.37, the stock shows relatively low volatility, though InvestingPro analysis indicates the company operates with a significant debt burden.Discover comprehensive insights in FirstEnergy’s Pro Research Report, part of InvestingPro’s coverage of 1,400+ US stocks, offering deep-dive analysis and actionable intelligence for informed investment decisions.

In other recent news, FirstEnergy Corp. has announced the launch of a $2.15 billion convertible notes offering, with the potential for an additional $350 million if initial purchasers exercise their options in full. The proceeds are intended for repurchasing existing debt and other corporate purposes. Meanwhile, BofA Securities has lowered its price target for FirstEnergy to $44, citing uncertainties related to the Ohio rate case and projecting second-quarter 2025 earnings per share at $0.48, below the consensus estimate. In contrast, Mizuho Securities has raised its price target to $43, following FirstEnergy’s first-quarter earnings report, which exceeded expectations with earnings per share of $0.67. Additionally, FirstEnergy has appointed Michael Auseré as Vice President of Financial Planning and Analysis, bringing over 25 years of experience in the energy sector to the role. These developments come as FirstEnergy navigates regulatory and legislative challenges, including the Ohio rate case and pending state legislation that could impact future earnings. The company continues to focus on financial planning and strategic goals under its new leadership.

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