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Home > Fortune 500 Companies > Firstenergy Corp
Firstenergy Corp
Firstenergy Corp is a publicly traded company having a good stock performance result. Firstenergy Corp is a fortune 500 stock listed company trading under FE. Firstenergy Corp. is a diversified energy company headquartered in Akron, Ohio. Its subsidiaries and affiliates which produce more than 12 billion dollars in annual revenue and own approximately 31 billion dollars in assets.
They are involved in the generation, transmission and distribution of electricity, as well as energy management and other energy-related services. There are 143,139 shareholders and 329.8 million shares outstanding and 1.5 billion dollars in taxes paid by operating companies and subsidiaries. Firstenergy operates 20 power plants with a total system capacity of more than 13,000 megawatts.
Their total generation capacity 55 percent is produced using coal, 28 percent comes from nuclear plants, 12 percent is fueled by natural gas or oil etc. The Supply Chain Group procures everything except fuel, coal, oil, natural gas for Firstenergy. Firstenergy Solutions and its affiliates offer a wide range of energy and related products and services including the generation and sale of electricity and energy planning and procurement related products and services.
To help maintain safe, reliable electric service, Firstenergy's Plants Management Program controls trees, shrubs and brush growing around their facilities and equipment including power lines.
Two bright new ideas for saving energy. Fresh2 light bulbs last up to 13 times longer than conventional bulbs and eliminate household odors. Its utilities provide electricity to 4.4 million customers in Ohio, Pennsylvania and New Jersey, three states that are ushering in power industry competition. The company's domestic power plants have a total generating capacity of more than 13,000 MW, most generated by coal-fired plants.
Firstenergy Solutions trades energy commodities in deregulated markets throughout the US. Firstenergy's other non regulated operations include electrical and mechanical contracting, oil and gas exploration and production and telecommunications. Firstenergy Solutions is selling its natural gas operations to Amerada Hess.
Equal Payment Plan is a program offered by Firstenergy that lets residential customers balance their payments for seasonal highs and lows in their monthly electric bills.
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