summary
Firsttenergy is an electric company based in Akron, Ohio. It is one of the largest electrical systems owned by investors in the country, with 10 organized subsidiaries. The company has a small organized generation capacity, less than 4000 megawatts. FE focus on transmission and distribution; However, the company was selling parts of its transportation work. The company serves more than 6 million customers, including 2.3 million in Ohio, 1.8 million in Pennsylvania, and 2 million others in WV, MD and NJ. In 2024, revenues amounted to $ 13.5 billion, of which only 50 % of distribution operations and 36 % of integrated facilities.
We believe that the company is in a non -favorable position against its peers, given its strong dependence on coal generation. From the generation capacity in 2024, 3,200 megawatts of coal -powered plants, with the remaining energy of water energy and solar energy. FE pledged to reduce greenhouse gas emissions by 30 % (from the 2019 foundation) by 2
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