Full Description

FirstEnergy Corp. (FirstEnergy) is principally a holding company that holds, directly or indirectly, eight principal electric utility operating subsidiaries: Ohio Edison Company (OE), The Cleveland Electric Illuminating Company (CEI), The Toledo Edison Company (TE), Pennsylvania Power Company (Penn), American Transmission Systems, Inc. (ATSI), Jersey Central Power & Light Company (JCP&L), Metropolitan Edison Company (Met-Ed) and Pennsylvania Electric Company (Penelec). The Company’s revenues are primarily derived from electric service provided by its utility operating subsidiaries and the revenues of its other principal subsidiary, FirstEnergy Solutions Corp. (FES). In addition, FirstEnergy holds all the common stock of other direct subsidiaries, including FirstEnergy Properties, Inc., FirstEnergy Ventures Corp., FirstEnergy Nuclear Operating Company (FENOC), FirstEnergy Securities Transfer Company, GPU Diversified Holdings, LLC, GPU Telecom Services, Inc., GPU Nuclear, Inc. and FirstEnergy Service Company (FESC).

The Company's combined service areas encompass approximately 36,100 square miles in Ohio, New Jersey and Pennsylvania. Its generating portfolio includes 14,173 megawatts (net) of diversified capacity (FES-13,973 megawatts and JCP&L-200 megawatts). Within FES’ portfolio, approximately 7,469 megawatts, or 53.5%, consists of coal-fired capacity; 3,991 megawatts, or 28.6%, consists of nuclear capacity; 1,599 megawatts, or 11.4%, consists of oil and natural gas peaking units; 451 megawatts, or 3.2%, consists of hydroelectric capacity, and 463 megawatts, or 3.3%, consists of capacity from FGCO’s 20.5% entitlement to the generation output owned by the Ohio Valley Electric Corporation. FirstEnergy’s nuclear and non-nuclear facilities are all operated by FENOC and FGCO. The FES generating assets are concentrated primarily in Ohio, plus the bordering regions of Pennsylvania and Michigan. All FES units are dedicated to Midwest Independent Transmission System Operator, Inc. (MISO) except the Beaver Valley Power Station, which is designated as a PJM Interconnection L. L. C. (PJM) resource.

FES provides energy-related products and services to wholesale and retail customers in the MISO and PJM markets. FES also owns and operates, through its subsidiary, FGCO, FirstEnergy's fossil and hydroelectric generating facilities, and owns, through its subsidiary, FirstEnergy Nuclear Generation Corp. (NGC), FirstEnergy's nuclear generating facilities. FENOC operates and maintains NGC's nuclear generating facilities. FES purchases the entire generation output of the facilities owned by FGCO and NGC, as well as the output relating to leasehold interests of CEI, OE and TE (the Ohio Companies) in certain of those facilities that are subject to sale and leaseback arrangements with non-affiliates.

OE operates as an electric public utility in Ohio. OE engages in the distribution and sale of electric energy to communities in a 7,000 square mile area of central and northeastern Ohio. OE owns all of Penn's outstanding common stock. Penn owns property and does business as an electric public utility in Pennsylvania. Penn is also authorized to do business in the State of Ohio. Penn furnishes electric service to communities in a 1,100 square mile area of western Pennsylvania.

CEI operates as an electric public utility in Ohio. CEI is engaged in the distribution and sale of electric energy in an area of approximately 1,600 square miles in north eastern Ohio. The area it serves has a population of approximately 1.8 million. TE is an electric public utility. TE is engaged in the distribution and sale of electric energy in an area of approximately 2,300 square miles in north western Ohio. The area it serves has a population of approximately 0.8 million.

ATSI owns transmission assets that were formerly owned by the Ohio Companies and Penn. ATSI owns and operates major, high-voltage transmission facilities, which consist of approximately 5,821 pole miles of transmission lines with nominal voltages of 345 kilovolts, 138 kilovolts and 69 kilovolts. ATSI is the control area operator for the Ohio Companies and Penn service areas.

JCP&L owns property and does business as an electric public utility. JCP&L provides transmission and distribution services in 3,200 square miles of northern, western and east central New Jersey. The area it serves has a population of approximately 2.6 million. Met-Ed owns property and does business as an electric public utility in Pennsylvania. Met-Ed provides transmission and distribution services in 3,300 square miles of eastern and south central Pennsylvania. The area it serves has a population of approximately 1.3 million.

Penelec owns property and does business as an electric public utility in Pennsylvania. Penelec provides transmission and distribution services in 17,600 square miles of western, northern and south central Pennsylvania. The area it serves has a population of approximately 1.6 million. Penelec, as lessee of the property of its subsidiary, The Waverly Electric Light & Power Company, also serves customers in Waverly, New York and its vicinity. FESC provides legal, financial and other corporate support services to affiliated FirstEnergy companies.