Stock Symbol: FE
76 South Main Street
Akron, OH 44308
330-384-5712 (phone)
330-384-3866 (fax)
Website:
FirstEnergy
Index membership: Dow
Jones Composite; Dow
Utilites; S&P 500; S&P 1500
Super Comp
Industry: Electric
Utilities
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Energy
FirstEnergy Description:
FirstEnergy Corp. was
organized under the laws of
the State of Ohio in 1996.
FirstEnergy's principal
business is the holding,
directly or indirectly, of
all of the outstanding
common stock of its eight
principal electric utility
operating subsidiaries:
1. OE, 2. CEI, 3. TE, 4.
Penn, 5. ATSI, 6. JCP&L, 7.
Met-Ed and 8. Penelec.
FirstEnergy's consolidated
revenues are primarily
derived from electric
service provided by its
utility operating
subsidiaries and the
revenues of its other
principal subsidiary, FES.
In addition, FirstEnergy
holds all of the outstanding
common stock of other direct
subsidiaries including:
FirstEnergy Properties,
Inc., FirstEnergy Ventures
Corp., FENOC, FirstEnergy
Securities Transfer Company,
GPU Diversified Holdings,
LLC, GPU Telecom Services,
Inc., GPU Nuclear, Inc. and
FESC.
The Companies' combined
service areas encompass
approximately 36,100 square
miles in Ohio, New Jersey
and Pennsylvania. The areas
they serve have a combined
population of approximately
11.3 million.
OE was organized
under the laws of the State
of Ohio in 1930 and owns
property and does business
as an electric public
utility in that state. OE
engages in the distribution
and sale of electric energy
to communities in a 7,000
square mile area of central
and northeastern Ohio. The
area it serves has a
population of approximately
2.8 million. OE complies
with the regulations,
orders, policies and
practices prescribed by the
SEC, FERC and PUCO.
OE owns all of Penn's
outstanding common stock.
Penn was organized under the
laws of the Commonwealth of
Pennsylvania in 1930 and
owns property and does
business as an electric
public utility in that
state. Penn is also
authorized to do business in
the State of Ohio (see Item
2 - Properties). Penn
furnishes electric service
to communities in a 1,100
square mile area of western
Pennsylvania. The area it
serves has a population of
approximately 0.3 million.
Penn complies with the
regulations, orders,
policies and practices
prescribed by the FERC and
PPUC.
CEI was organized
under the laws of the State
of Ohio in 1892 and does
business as an electric
public utility in that
state. CEI engages in the
distribution and sale of
electric energy in an area
of approximately 1,600
square miles in northeastern
Ohio. The area it serves has
a population of
approximately 1.9 million.
CEI complies with the
regulations, orders,
policies and practices
prescribed by the SEC, FERC
and PUCO.
TE was organized
under the laws of the State
of Ohio in 1901 and does
business as an electric
public utility in that
state. TE engages in the
distribution and sale of
electric energy in an area
of approximately 2,300
square miles in northwestern
Ohio. The area it serves has
a population of
approximately 0.8 million.
TE complies with the
regulations, orders,
policies and practices
prescribed by the SEC, FERC
and PUCO.
ATSI was organized
under the laws of the State
of Ohio in 1998. ATSI owns
transmission assets that
were formerly owned by the
Ohio Companies and Penn.
ATSI owns and operates
major, high-voltage
transmission facilities,
which consist of
approximately 7,100 circuit
miles (5,814 pole miles) of
transmission lines with
nominal voltages of 345 kV,
138 kV and 69 kV. ATSI is
the control area operator
for the Ohio Companies and
Penn service areas. ATSI
plans, operates and
maintains the transmission
system in accordance with
the requirements of the FERC,
NERC and other applicable
regulatory agencies to
ensure reliable service to
FirstEnergy's customers (see
Transmission Rate Matters
for a discussion of ATSI's
participation in MISO).
JCP&L was organized
under the laws of the State
of New Jersey in 1925 and
owns property and does
business as an electric
public utility in that
state. JCP&L provides
transmission and
distribution services in
3,200 square miles of
northern, western and east
central New Jersey. The area
it serves has a population
of approximately 2.6
million. JCP&L complies with
the regulations, orders,
policies and practices
prescribed by the SEC, FERC
and the NJBPU.
Met-Ed was organized
under the laws of the
Commonwealth of Pennsylvania
in 1922 and owns property
and does business as an
electric public utility in
that state. Met-Ed provides
transmission and
distribution services in
3,300 square miles of
eastern and south central
Pennsylvania. The area it
serves has a population of
approximately 1.2 million.
Met-Ed complies with the
regulations, orders,
policies and practices
prescribed by the SEC, FERC
and PPUC.
Penelec was organized
under the laws of the
Commonwealth of Pennsylvania
in 1919 and owns property
and does business as an
electric public utility in
that state. Penelec provides
transmission and
distribution services in
17,600 square miles of
western, northern and south
central Pennsylvania. The
area it serves has a
population of approximately
1.7 million. Penelec, as
lessee of the property of
its subsidiary, The Waverly
Electric Light & Power
Company, also serves a
population of about 8,400 in
Waverly, New York and its
vicinity. Penelec complies
with the regulations,
orders, policies and
practices prescribed by the
SEC, FERC and PPUC.
FES was organized under the
laws of the State of Ohio in
1997 and provides
energy-related products and
services and through its
subsidiaries, FGCO and NGC,
owns and operates
FirstEnergy's non-nuclear
generation facilities and
owns FirstEnergy's nuclear
generation facilities,
respectively (see Generation
Asset Transfers below).
FENOC was organized under
the laws of the State of
Ohio in 1998 and operates
and maintains nuclear
generating facilities. NGC
and FENOC comply with the
regulations, orders,
policies and practices
prescribed by the NRC. FESC
provides legal, financial
and other corporate support
services to affiliated
FirstEnergy companies.
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