FirstEnergy was founded in 1997 when Ohio Edison acquired Centerior Energy and subsidiaries. The company is involved in the generation, transmission, and distribution of electrical energy for consumers and businesses.
The company is the largest investor owned utility in the US, serving more than 6 million customers in the states of Ohio, West Virginia, Pennsylvania, Virginia, Maryland, New Jersey and New York. In early 2016, the company decided to bow out of the competitive energy business and become a fully regulated company over the next 18 months.
FirstEnergy stock is traded on the NYSE under the ticker symbol:FE. Currently, the company employs more than 15,000 persons and had annual revenue in 2016 of $14.5 billion. Company headquarters remain in Akron, Ohio.
