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FirstEnergy history
FirstEnergy company history timeline
FirstEnergy was formed on November 7, 1997, when Ohio Edison acquired Centerior Energy and its subsidiaries for $1.6 billion in stock.
In 1999, Allegheny Power purchased the West Virginia operations of UtiliCorp United's West Virginia Power.
With more than 12 000 employees, FirstEnergy Corp. is considered one of the top 2000 largest public companies in the world, according to Forbes.
FirstEnergy nearly doubled its revenue to more than $12 billion and customers served to more than 4.3 million when it merged with the former GPU, Inc., based in Morristown, New Jersey, in 2001.
In 2001, FirstEnergy Corporation, with its four utility operating companies, merged with GPU, Inc., bringing GPU's three additional operating companies into FirstEnergy as well.
Through the 2001 acquisition of GPU, FirstEnergy also acquired:
In 2001, FirstEnergy merged with GPU, Inc., the owner of Jersey Central Power & Light Company, Pennsylvania Electric Company (Penelec), and Metropolitan Edison Company (Met-Ed).
In February 2010, Allegheny Energy announced plans to merge with FirstEnergy.
Since 2014, the company has been working to upgrade or replace existing power lines, incorporate new, smart technology into the grid, and upgrade substations with new equipment and enhanced security features.
FirstEnergy announced its plan to move away from commodity-exposed generation and transform into a fully regulated transmission and distribution utility in 2016.
On March 31, 2018, FirstEnergy Solutions filed for bankruptcy.
In March, 2018, FirstEnergy announced it is closing the Perry Nuclear Generating Station and Davis–Besse Nuclear Power Station, both in Ohio, and Beaver Valley Nuclear Power Station in Pennsylvania.
The Company filed its eighth amended bankruptcy plan on October 14, 2019.
On October 19, 2020, The Independent Review Committee of the Board of Directors of FirstEnergy Corp. announced a leadership transition, including the termination of the Company’s Chief Executive Officer, Charles E. Jones, effective immediately.
In 2020, it emerged from bankruptcy, becoming Energy Harbor Corp.
On July 22, 2021, the United States Attorney for the Southern District of Ohio announced that FirstEnergy would be fined $230 million for their part in the scandal.
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FirstEnergy competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| American Electric Power | 1906 | $19.7B | 17,666 | 188 |
| PSEG | 1903 | $10.3B | 12,945 | 279 |
| Duke Energy | 1904 | $30.4B | 27,535 | 102 |
| Progress Energy | 1925 | $22.7B | 11,000 | - |
| American Transmission Co | 2001 | $360.0M | 547 | 57 |
| Florida Power & Light | 1925 | $24.8B | 8,700 | - |
| Con Edison | 1823 | $13.7B | 14,071 | 122 |
| Potomac Electric Power Company | 1896 | $23.0B | 1,429 | - |
| Eversource Energy | 1927 | $11.9B | 8,084 | 373 |
| Ameren | 1997 | $7.6B | 8,615 | 71 |
FirstEnergy history FAQs
Zippia gives an in-depth look into the details of FirstEnergy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about FirstEnergy. The employee data is based on information from people who have self-reported their past or current employments at FirstEnergy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by FirstEnergy. The data presented on this page does not represent the view of FirstEnergy and its employees or that of Zippia.
FirstEnergy may also be known as or be related to FIRSTENERGY CORP, FirstEnergy, FirstEnergy Corp, FirstEnergy Corp., Firstenergy and Firstenergy Corp.