The announcement of the Grid Modernization II plan by FirstEnergy represents a significant investment in infrastructure and technology, which is likely to be viewed positively by investors as it demonstrates the company's commitment to improving service and efficiency. The slight increase in customer bills is a direct consequence of this investment, which could lead to improved customer satisfaction and operational efficiency in the long term. The plan's focus on smart technology and customer empowerment through the Smart Thermostat Rebate program further aligns with current trends towards energy efficiency and could enhance FirstEnergy's reputation and market position.