|
Go To |
Headquarters:
76 South Main Street Website: http://www.firstenergycorp.com FirstEnergy Corp. is a public utility holding company providing electricity and natural gas to 4.5 million customers in a 36,100 square-mile area covering Ohio, Pennsylvania and New Jersey. FirstEnergy's seven operating companies are Jersey Central, Met-Ed, Ohio Edison, Penelec, Penn Power, The Illuminating Company and Toledo Edison. FirstEnergy also provides natural gas service to more than 2,000 industrial and commercial customers in the Midwest. FirstEnergy's Facilities Services subsidiaries provide a wide range of services, including heating, ventilating, air conditioning, refrigeration, process piping, plumbing, electrical, building controls and systems, and facility management that help customers be more productive at home and at work. FirstEnergy Solutions, an unregulated subsidiary of FirstEnergy Corp, offers a wide range of energy and related products and services, including the generation and sale of electricity and energy planning and procurement. It supplies electricity to over 400,000 customers and manages the energy and procurement needs for over 120,000 accounts in Ohio, Pennsylvania, Michigan, Maryland and New Jersey. In 2005, the company had revenues of $11.9 bilion and net income of $861 million. History FirstEnergy was formed in 1997 through the merger of Ohio Edison Company and its subsidiary, Pennsylvania Power, with Centerior Energy Corp. and its Cleveland Electric Illuminating Company (CEI) and Toledo Edison Company subsidiaries. FirstEnergy doubled its size and became the 11th largest investor-owned electric system in the nation, based on annual electric sales of 64 billion kilowatt-hours, and had combined assets of nearly $20 billion. The new Company employed some 10,000 employees, serving 2.1 million customers within 13,200 square miles of northern and central Ohio and western Pennsylvania. FirstEnergy had 11,681 megawatts of generating capacity and 57 transmission interconnections with 8 electric systems. FirstEnergy doubled its size again when it merged with GPU, Inc., based in Morristown, New Jersey, in 2001, through the purchase of its outstanding common stock. The former GPU served 2.1 million customers in a 24,000 square-mile service area in Pennsylvania and New Jersey through its three operating companies: Met-Ed, Penelec, and Jersey Central Power & Light. With $20.5 billion in assets, GPU produced $5.3 billion in annual revenue. Ohio Edison was formed in 1930 through the consolidation of 200 smaller electric companies that date back to the 1850s. Benefits - Health care Updated January 21, 2007 |