The utilities owned and operated by FirstEnergy Corporation comprises the country’s largest investor-owned utility. The company is registered as a diversified energy business that is headquartered in Akron, Ohio and is traded publicly on the New York Stock Exchange. Common stocks of the business are marketed using the ticker symbol FE. The business is listed as a component of the Wilshire 5000 and the S&P 500 Indices.
Thriving in the industry of electric utility, the company continues to operate 10 electric utilities. Together with its subsidiaries, the company continues to engage in the generation, transmission and distribution of electricity. Additionally, the company also offers energy management and other energy-related services. It continues to provide its services to more than 6 million customers across Ohio, Pennsylvania, Maryland, Virginia, New Jersey, New York and in West Virginia. In total, the company has more than 23,000 megawatts of capacity and distributes its generated energy through its lines that span over 194,000 miles.
There are currently 10 companies that the business owns. Through these various brand names, FirstEnergy continues to distribute reliable energy with utmost safety and operational excellence. Its businesses include Potomac Edison, Toledo Edison, Ohio Edison, Met-Ed, Penelec, Penn Power, West Penn Power, The Illuminating Company, Jersey Central Power & Light, and Mon Power. It is through a series of mergers and acquisitions that the company has grown from a middle-sized venture into a multi-billion energy company that continues to generate more than $15 billion in annual revenue.The assets of the business are estimated to be around $52 billion.
While continuously generating billions of dollars, the company also continues to invest in the most recent technology to mitigate the pollution they exude. A study conducted by the University of Massachusetts Amherst has shown that the business has significantly low pollution emission compared to its competitors.