Headquarters: 76 South Main Street
FirstEnergy Corp. is a public utility holding company providing electricity and natural gas to 6 million customers in six states. The company operates 37 power plants with 24,000 megawatts of generating capacity.
FirstEnergy’s 10 regulated distribution companies comprise the nation’s largest investor-owned electric system, based on serving six million customers in the Midwest and Mid-Atlantic regions. Stretching from the Ohio-Indiana border to the New Jersey shore, the companies operate a vast infrastructure of more than 194,000 miles of distribution lines and are dedicated to providing customers with safe, reliable and responsive service.
FirstEnergy's operating companies are Jersey Central Power & Light, Met-Ed, Mon Power, Ohio Edison, Penelec, Penn Power, Potomac Edison, The Illuminating Company, Toledo Edison and West Penn Power.
FirstEnergy Solutions, a subsidiary of FirstEnergy Corp, offers a wide range of energy and related products and services, including the generation and sale of electricity and energy planning and procurement. It supplies electricity to over 400,000 customers and manages the energy and procurement needs for over 120,000 accounts in Ohio, Pennsylvania, Michigan, Maryland and New Jersey.
In 2010, the company had revenues of $13.3 bilion and net income of $784 million.
FirstEnergy was formed in 1997 through the merger of Ohio Edison Company and its subsidiary, Pennsylvania Power, with Centerior Energy Corp. and its Cleveland Electric Illuminating Company (CEI) and Toledo Edison Company subsidiaries. FirstEnergy doubled its size and became the 11th largest investor-owned electric system in the nation, based on annual electric sales of 64 billion kilowatt-hours, and had combined assets of nearly $20 billion. The new Company employed some 10,000 employees, serving 2.1 million customers within 13,200 square miles of northern and central Ohio and western Pennsylvania. FirstEnergy had 11,681 megawatts of generating capacity and 57 transmission interconnections with 8 electric systems.
FirstEnergy doubled its size again when it merged with GPU, Inc., based in Morristown, New Jersey, in 2001, through the purchase of its outstanding common stock. The former GPU served 2.1 million customers in a 24,000 square-mile service area in Pennsylvania and New Jersey through its three operating companies: Met-Ed, Penelec, and Jersey Central Power & Light. With $20.5 billion in assets, GPU produced $5.3 billion in annual revenue.
Ohio Edison was formed in 1930 through the consolidation of 200 smaller electric companies that date back to the 1850s.
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Updated July 25, 2011