Profile: FirstEnergy Corp (FE)
20 Jan 2017
FirstEnergy Corp., incorporated on September 17, 1996, is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Company and its subsidiaries are involved in the generation, transmission and distribution of electricity. Its approximately 10 utility operating companies comprise investor-owned electric systems, serving over six million customers in the Midwest and Mid-Atlantic regions. Its generation subsidiaries control approximately 17,000 megawatts of capacity from a diverse mix of non-emitting nuclear, scrubbed coal, natural gas, hydroelectric and other renewables. Its transmission operations include approximately 24,000 miles of lines and approximately two regional transmission operation centers.
The Company's Regulated Distribution segment distributes electricity through its approximately 10 utility operating companies, serving approximately six million customers within over 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York, and purchases power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland. This segment also includes regulated electric generation facilities located primarily in West Virginia, Virginia and New Jersey. This segment controls approximately 3,790 megawatts of generation capacity.
The Company's Regulated Transmission segment transmits electricity through transmission facilities owned and operated by American Transmission Systems, Incorporated (ATSI), Trans-Allegheny Interstate Line Company (TrAIL), and certain of the Company's utilities (Jersey Central Power & Light Company (JCP&L), Metropolitan Edison Company (ME), Pennsylvania Electric Company (PN), Monongahela Power Company (MP), The Potomac Edison Company (PE) and West Penn Power Company (WP)). This segment also includes the regulatory asset associated with the abandoned PATH project.
Competitive Energy Services
The CES segment, through FirstEnergy Solutions Corp. (FES) and Allegheny Energy Supply Company, LLC (AE Supply), primarily supplies electricity to end use customers through retail and wholesale arrangements, including retail sales to customers primarily in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland, and the provision of partial POLR and default service for some utilities in Ohio, Pennsylvania and Maryland. This segment controls approximately 13,160 megawatts of capacity.
76 S Main St
AKRON OH 44308-1890
Company Web Links
- BRIEF-FirstEnergy says to recognize impairment charge of about $266 mln related to Aspen Generating deal - SEC filing
- FirstEnergy to sell 4 Pennsylvania gas plants
- BRIEF-FirstEnergy to sell competitive natural gas and hydro assets to LS Power Equity Partners
- BRIEF-EnerNoc signs 4-year demand response contract with FirstEnergy
- BRIEF-FIRSTENERGY CORP ELECTS TWO NEW MEMBERS TO THE BOARD