About Firstenergy Corp.

FirstEnergy's first goal is to generate and deliver power, but its second goal is to stay profitable in a market undergoing deregulation. Its ten utilities provide electricity to 6 million customers in the Midwest and the Mid-Atlantic. The company's domestic power plants have a total generating capacity of more than 17,000 MW, most generated by coal-fired plants. Subsidiary FirstEnergy Solutions trades energy commodities in deregulated US markets. FirstEnergy's other nonregulated operations include electrical and mechanical contracting and energy planning and procurement.

Geographic Reach

The company operates and serves customers in an service area of 65,000 square miles in Illinois, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, and West Virginia.


FirstEnergy has power regulated generation, transmission, and distribution operations. Through FirstEnergy Solutions it is also engaged in competitive generation and electricity sales. As part of its assets, FirstEnergy has 2,400 MW of renewable energy (primarily generated by wind farms) and 24,136 miles of high-voltage transmission lines.

The Regulated Distribution segment distributes electricity through FirstEnergy's ten utilities which serve 6 million customers and a combined population of 13.5 million. It purchases power in Ohio, Pennsylvania, New Jersey and Maryland and controls 3,790 MWs of generation capacity.

The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by American Transmission Systems, Trans-Allegheny Interstate Line Company, and a number of FirstEnergy's utilities, and the regulatory asset associated with the abandoned PATH project.

The Competitive Energy Services segment supplies electricity through retail and wholesale arrangements, including competitive retail sale to customer primarily in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland, and the provision of partial Provider of Last Resort and default service for some utilities in Ohio, Pennsylvania and Maryland. It controls 14,068 MW of capacity, including 885 MWs of capacity scheduled to be deactivated in 2015.

Financial Performance

In 2014 the company's revenues were restated due to reflect the divestiture of 11 hydroelectric power stations.

FirstEnergy's 2014 revenues increased by 1% due to higher Regulated Distribution revenues as the result of a $331 million increase in wholesale generation sales volumes, resulting from Harrison/Pleasants asset transfer of 1,476 MW of generation capacity.

The company's net income decreased by 24% in 2014 due higher operating expenses as a result of increase in FirstEnergy's Pension and OPEB mark-to-market adjustment, partially offset by the absence of impairment charges on regulatory assets and long lived assets ($1.1 billion recognized in 2013).

Cash inflow increased by 632% as a result of changes in working capital as a result of changes in receivables, prepayments and other current assets, and accounts payable.


In 2015, the company planned to focus on to develop the transmission business, strengthen the regulated utilities, and manage overall risk within the competitive business  The core of this strategy is the $4.2 billion energizing the Future investment plan. This program is focused on a large number of small projects within the existing 24,000 mile service territory that improve service to customers. The company has identified $15 billion in transmission investment opportunities across its system beyond 2014-2017.

In 2015, the company completed multiple transmission projects that will further enhance electric service for customers throughout northern Ohio. The new facilities are designed to ensure system reliability following the retirement of coal-fired power plants in the region. The company spent nearly $800 million on transmission projects to support plant retirements along Lake Erie. FirstEnergy expects to spend $1.2 billion through 2019 on projects related to plant retirements across its entire transmission system. The completed projects represent a significant milestone in the company's Energizing the Future initiative, and include new 138- and 345-kV transmission lines and new substations.

As part of its ongoing efforts to help enhance service reliability, in 2014 Mon Power installed new automated switching equipment on a 47-mile, 69,000 volt transmission line serving nearly 6,000 customers in the Marlinton and Snowshoe Mountain Resort areas of Pocahontas County.

To raise cash to pay down debt, in 2014 FirstEnergy sold 11 hydroelectric power stations to Harbor Hydro for $395 million. The hydroelectric power stations had a total capacity of 527 MW (less than 3% of FirstEnergy's generation fleet output).

As states push to reduce carbon emissions, FirstEnergy has been expanding its renewable energy operations and reducing its fossil-fuel power plants. In 2013 the company announced plans to deactivate two coal-fired power plants in Pennsylvania, reducing its overall power generating capacity from more than 20,000 MW to more than 18,000 MW.

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Firstenergy Corp.

76 S Main St
Akron, OH 44308-1817
Phone: 1 (800) 736-3402


  • Employer Type: Public
  • Stock Symbol: FE
  • Stock Exchange: NYSE
  • President, CEO, and Director: Charles E. Jones
  • EVP and CFO: James F. Pearson
  • Non-Executive Chairman: George M. Smart

Major Office Locations

  • Akron, OH

Other Locations

  • Beebe, AR
  • Washington, DC
  • Manhattan, IL
  • Wheatland, IN
  • Hagerstown, MD
  • Luke, MD
  • Blairstown, NJ
  • Boonton, NJ
  • Dover, NJ
  • Farmingdale, NJ
  • Flemington, NJ
  • Landing, NJ
  • Morristown, NJ
  • Old Bridge, NJ
  • Red Bank, NJ
  • Toms River, NJ
  • Trenton, NJ
  • Union Beach, NJ
  • Washington, NJ
  • Ashtabula, OH
  • Brecksville, OH
  • Cleveland, OH
  • Elyria, OH
  • Fairlawn, OH
  • Holland, OH
  • Mansfield, OH
  • Massillon, OH
  • Oak Harbor, OH
  • Painesville, OH
  • Put In Bay, OH
  • Sandusky, OH
  • Shadyside, OH
  • Springfield, OH
  • Stratton, OH
  • Wadsworth, OH
  • Willoughby, OH
  • Youngstown, OH
  • Altoona, PA
  • Butler, PA
  • Clearfield, PA
  • Connellsville, PA
  • Easton, PA
  • Harrisburg, PA
  • Indiana, PA
  • Irwin, PA
  • Johnstown, PA
  • Lebanon, PA
  • Lewistown, PA
  • Montrose, PA
  • Oil City, PA
  • Philadelphia, PA
  • Pittsburgh, PA
  • Reading, PA
  • Reinholds, PA
  • Shippingport, PA
  • Springdale, PA
  • Wampum, PA
  • Warren, PA
  • Washington, PA
  • York, PA
  • Gleason, TN
  • Norfolk, VA
  • Belmont, WV
  • Elkins, WV
  • Gassaway, WV
  • Haywood, WV
  • Huntington, WV
  • Maidsville, WV
  • Ronceverte, WV
  • Sistersville, WV
  • Weston, WV
  • Willow Island, WV
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