FirstEnergy Corp (NYSE:FE)


FirstEnergy Corp is a leading electric utility holding company. The company operates electricity distribution, generation, and transmission facilities. In addition, the electric utility firm also engages itself in energy management services and other related energy solutions.

The NYSE-listed firm primarily conducts business under three divisions:
• Regulated Distribution
• Regulated Transmission
• Corporate Segment

Regulated Distribution segment

The Ohio-based company serves a diverse customer group by distributing electricity through its utility operating companies under this segment.

Regulated Transmission segment

The segment caters to regulated electricity transmission operations of FirstEnergy Corp. In addition, it also focuses on the FirstEnergy’s operating transmitting facilities, which are acquired mainly by its utility companies and regulative assets.

Corporate Segment

The third segment caters to corporate-related services on behalf of the electricity utility holding company. In addition, it also focuses on the company's debt on its interest expenses and other related services, excluding any solutions of the operating segments.

The electricity holding firm, incorporated in 1999, is based in Akron, Ohio. The present firm was formed following a merger between Ohio Edison Co and Centerior Energy Corp. The Ohio-based firm claims to provide its service to around 2.2 million customers, representing nearly 13,200 square miles of area across western Pennsylvania, north and central Ohio.

The electricity infrastructure firm operates through the following 10 regulated companies that distribute the electricity services, namely
• The Illuminating Company
• Jersey Central Power & Light
• Toledo Edison
• West Penn Power
• Met-Ed
• Ohio Edison
• Potomac Edison
• Penelec
• Penn Power
• Mon Power

The New York Stock Exchange-listed firm is among different market indices such as:
• S&P 500

The energy holding company’s common stocks trade under the symbol ‘FE’ on US’ premier stock exchanges, NYSE. In 2021, the electricity utility holding company claims to be among 2000 large public entities in an annual ranking released by Forbes.

Contact Information

company address 76 S Main St Akron​, OH, 44308-1890 United States

company phone800-736-3402

company website

Similar Companies