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
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 ...
FirstEnergy Set to Plant More Than 25,000 Trees in 2024
In support of its continued commitment to the environment and the communities it serves, FirstEnergy Corp. (NYSE: FE) has set ...
FirstEnergy made secret $1 million payment for ‘Husted campaign’ in 2017, documents show
COLUMBUS, Ohio – FirstEnergy Corp., at the onset of what would become one of the biggest public corruption schemes in state ...
What's in the Cards for FirstEnergy (FE) This Earnings Season?
FirstEnergy's (FE) first-quarter results are expected to benefit from the operation of new solar site in WV, new distribution rates and the Energize365 program.
Ex-Ohio Utilities Regulator Charged in FirstEnergy Case Dead (1)
Ohio’s former top utilities regulator, who faced state and federal indictments after being implicated in a massive corruption ...
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 ...
FirstEnergy: Dividend Distribution Potential, And Cheap Valuation
FirstEnergy Corp. expects an EPS growth rate of 6%-8% from now to 2028, potentially leading to increased dividend distribution. The company's recent initiatives, such as the Energize365 plan and ...
PAC Profile: FirstEnergy Corp
*Based on data released by the Federal Election Commission on April 17, 2024 except for independent expenditure and communication cost, contributions to federal candidates, and contributions from ...
FirstEnergy made secret $1 million payment in 2017 to support ‘Husted campaign’ in Ohio
The Akron-based energy company at the center of a $60 million bribery scheme in Ohio gave a secret $1 million contribution to ...
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