FirstEnergy was formed in 1997 when Ohio Edison acquired Centerior Energy in a $1.6 billion stock deal.
In 2001 FirstEnergy merged with GPU, Inc, parent of Jersey Central Power & Light Company, Pennsylvania Electric Company (Penelec), and Metropolitan Edison Company (Met-Ed).
Today FirstEnergy and its subsidiaries generate, transmit, and distribute electricity. Through its ten utility companies the company serves 6 million customers in the Midwest and Mid-Atlantic across 67,000 square miles.
The company’s domestic power plants have a generating capacity of 18,000 MW, mostly generated by coal.
Subsidiaries trade energy commodities in deregulated US markets, electrical and mechanical contracting, and energy procurement and planning.
FirstEnergy trades publicly on the New York Stock Exchange under the ticker symbol FE, is a member of the S&P 500, is a member of Dow Jones Utilities, is #195 in the Fortune 500, has 15,754 employees, and had $14.79 billion in revenue in 2013.
