FirstEnergy Corp - Company Profile

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FirstEnergy Corp: Segment Analysis

Business Description

FirstEnergy Corp (FirstEnergy), through its subsidiaries, is involved in the generation, transmission, and distribution of electricity. It serves over six million customers across the regions of Midwest and Mid-Atlantic.

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Business Segments

Overview

Distributes electricity through ten utility distribution subsidiaries. Purchases power from its POLR, SOS, SSO and default service requirements in Ohio, Pennsylvania, New Jersey, and Maryland. In FY2022, the segment's capital expenditure stood at US$1,764 million, which increased 1.8% YoY.

Performance

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Overview

Transmits electricity through facilities owned and operated by transmission companies and generates electricity from nuclear, coal, hydroelectric, natural gas and other and transmits to distribution facilities. Its transmission companies: Jersey Central Power & Light Company, Monongahela Power Company, The Potomac Edison Company and West Penn Power Company. In FY2022, the segment's capital expenditure stood at US$1,394 million, which increased 32.1% YoY.

Performance

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Performance

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