FE 📈 FirstEnergy - Overview

FirstEnergy Corp. is a diversified energy company that generates, transmits, and distributes electricity to a wide range of customers across the United States. Through its subsidiaries, the company operates in multiple segments, including Regulated Distribution and Regulated Transmission, which enables it to provide a comprehensive suite of energy services to its customers. Its generating facilities include a mix of coal-fired, nuclear, hydroelectric, wind, and solar power plants, allowing the company to leverage various energy sources to meet the demands of its customers.

The company's transmission infrastructure is extensive, with over 24,000 circuit miles of overhead and underground transmission lines that play a critical role in delivering electricity from its power plants to the distribution grid. In addition, its electric distribution systems comprise more than 274,000 miles of overhead pole line and underground conduit, which carry primary, secondary, and street lighting circuits to homes, businesses, and industries. This complex network enables FirstEnergy to serve approximately 6 million customers across six states, including Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York.

As a major player in the energy industry, FirstEnergy Corp. has a long history dating back to its incorporation in 1996. Headquartered in Akron, Ohio, the company has established itself as a reliable and efficient provider of energy services, with a strong commitment to safety, customer satisfaction, and environmental sustainability. With its common stock listed on the New York Stock Exchange (NYSE) under the ticker symbol FE, and classified under the GICS Sub Industry of Electric Utilities, FirstEnergy Corp. is a publicly traded company that offers investors a unique opportunity to participate in the energy sector.