FirstEnergy Company History Timeline

(202 Jobs)
1997

FirstEnergy was formed on November 7, 1997, when Ohio Edison acquired Centerior Energy and its subsidiaries for $1.6 billion in stock.

2001

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).

2011

FirstEnergy would later merge with Greensburg, Pennsylvania-based Allegheny Energy in 2011.

2014

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.

2018

On March 31, 2018, FirstEnergy Solutions filed for bankruptcy.

2019

However, the closure of the Perry, Davis–Besse, and Sammis plants were rescinded in July 2019 when the State of Ohio passed and signed into law a subsidy to support the Perry and Davis–Besse nuclear plants.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.

Founded
1997
Company Founded
Headquarters
Akron, OH
Company Headquarter
Founders
Ben Coops
Company Founders

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