FirstEnergy was formed on November 7, 1997, when Ohio Edison acquired Centerior Energy and its subsidiaries for $1.6 billion in stock.
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).
FirstEnergy would later merge with Greensburg, Pennsylvania-based Allegheny Energy in 2011.
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.
On March 31, 2018, FirstEnergy Solutions filed for bankruptcy.
However, the closure of the Perry, Davis–Besse, and Sammis plants were rescinded in July 2019 when the State of Ohio passed and signed into law a subsidy to support the Perry and Davis–Besse nuclear plants.
The Company filed its eighth amended bankruptcy plan on October 14, 2019.
|Company Name||Founded Date||Revenue||Employee Size||Job Openings|
American Electric Power1906
American Transmission Co2001