FirstEnergy Corporation. The Group's principal activity is that of a diversified energy company that generates, transmits and distributes electricity and also provides energy management and other energy-related services. The business is carried out through eight utility operating companies: Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Pennsylvania Power Company, American Transmission Systems Inc, Jersey Central Power and Light Company, Metropolitan Edison Company and Pennsylvania Electric Company. It operates through two segments. Regulated Services segment Includes the regulated sale of electricity and distribution and transmission services by its eight utility subsidiaries in Ohio, Pennsylvania and New Jersey. Power Supply Management Services segment sell electricity in deregulated markets and operate and own generation facilities, consists of telecommunications services and the recently sold MYR and retail natural gas operations. |
