About the Company
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997. Its subsidiaries and affiliates are involved in the distribution, transmission, and generation of electricity, as well as energy management and other energy-related services. Its ten electric utility operating companies comprise one of the United States' largest investor-owned utilities, based on serving 6 million customers within a 65,000-square-mile (170,000 km2) area of Ohio, Pennsylvania, West Virginia, Virginia, Maryland, New Jersey, and New York. Its generation subsidiaries control more than 16,000 megawatts of capacity, and its distribution lines span over 194,000 miles. In 2018, FirstEnergy ranked 219 on the Fortune 500 list of the largest public corporations in the United States by revenue. In November 2016, FirstEnergy made the decision to exit the competitive power business, and become a fully regulated company. On July 21, 2020, Speaker of the Ohio House of Representatives, Larry Householder, former Ohio Republican Party Chairman Matt Borges, and three others were accused of accepting $60 million in bribes from FirstEnergy in exchange for $1.3 billion worth of benefits in the form of Ohio House Bill 6, as part of what became known as the Ohio nuclear bribery scandal. The stock price of the company plummeted within hours of the arrests being made. On July 22, 2021, the U.S. Attorney for the Southern District of Ohio announced that FirstEnergy would be fined $230 million for their part in the scandal. This was the largest criminal fine ever collected by the Southern District.
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Latest $FE News
Decoding FirstEnergy Corp (FE): A Strategic SWOT Insight
Regulatory challenges and environmental compliance remain key areas of focus.
FirstEnergy Corp Reports Mixed First Quarter 2024 Results, Aligns Closely with Analyst Projections
Capital Investment: Continuing a $26 billion, five-year capital investment plan, aiming for 6-8% long-term annual operating ...
FirstEnergy paid $2.5 million secret payment to nonprofit backing DeWine in 2018, new records show
FirstEnergy Corp. made $2.5 million in secret payments to a dark money nonprofit that backed Republican Mike DeWine’s 2018 ...
DeWine says he didn’t know about nearly $4 million in dark money FirstEnergy spent to back his bid for governor
COLUMBUS, Ohio – Gov. Mike DeWine said Tuesday he didn’t know that FirstEnergy Corp., amid its self-acknowledged bribery ...
Q1 2024 FirstEnergy Corp Earnings Call
Hello, and welcome to the FirstEnergy Corp. First Quarter 2024 Earnings Call. (Operator Instructions) As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to ...
Huffman denies raising dark money, despite claims from FirstEnergy lobbyists
Ohio Senate President Matt Huffman disputed any association with dark money nonprofits on Wednesday, despite several ...
FirstEnergy Corp. Q1 Profit Decreases, misses estimates
FirstEnergy Corp. (FE) released earnings for first quarter that decreased from the same period last year and missed the Street ...
FirstEnergy: Q1 Earnings Snapshot
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. The utility company posted revenue of ...
PUC investigating FirstEnergy’s increase requests
The PUC voted to suspend and investigate proposed rate increases by FirstEnergy for electric distribution services.
FirstEnergy settles grid modernization plan, will deploy smart meters statewide
FirstEnergy Corp.’s Ohio electric companies - Ohio Edison, The Illuminating Co. and Toledo Edison - will expand the ...
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