FirstEnergy Corp. (FE7)

Overview

FirstEnergy Corp., established in 1996 with its headquarters in Akron, Ohio, is a powerful player in the United States electricity market. The company, through its subsidiaries, is engaged in the generation, transmission, and distribution of electricity. It operates across various states including Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York, catering to approximately 6 million customers. Its operations are segmented into Regulated Distribution and Regulated Transmission, allowing the company to manage its extensive network efficiently. FirstEnergy stands out for its diversified energy production portfolio, including coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities, showcasing the company's commitment to serving its vast customer base with a mix of energy sources.

Products and Services

• Electricity Generation

  FirstEnergy generates electricity using a diverse mix of sources. These include coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities. This diversification ensures a reliable supply of electricity while also incorporating renewable and clean energy sources.

• Electricity Transmission

  The company owns and operates approximately 24,080 circuit miles of overhead and underground transmission lines. These high-voltage lines are crucial for transporting electricity from power plants to substations before it is distributed to customers.

• Electricity Distribution

  FirstEnergy's distribution network includes about 274,518 miles of overhead pole line and underground conduit. This network carries primary, secondary, and street lighting circuits, ensuring electricity reaches homes, businesses, and public spaces in the communities it serves.