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FirstEnergy

Industry: Electric Utilities

Fortune Rank: 179

FE is a holding company whose subsidiaries, Ohio Edison, The Illuminating Company, Pennsylvania Power and Toledo Edison, provide electric utility service to 11.1M customers in OH, NJ, and PA. For the 6 months ended 6/30/05, revenues fell 4% to $5.73B. Net income from cont. ops. fell 15% to $319.8M. Results reflect recognizing PJM purchase and sales transactions on a net hourly base and higher costs for fossil fuel, purchased power, and nuclear refueling costs.

FirstEnergy Corp. (FirstEnergy) is a public utility holding company that provides regulated energy services. The Company has eight principal electric utility operating subsidiaries: Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Pennsylvania Power Company, American Transmission Systems, Inc., Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company. FirstEnergy's other principal subsidiaries are FirstEnergy Solutions Corp., FirstEnergy Facilities Services Group, LLC, MYR Group, Inc. and First Communications, LLC. In January 2004, FirstEnergy completed the sale of its international operations with the sales of its remaining interest in Avon Energy Partners Holdings on January 16, 2004, and its interest in Termobarranquilla S.A., Empresa de Servicios Publicos (TEBSA) on January 30, 2004. On June 23, 2004, FirstEnergy sold its interest in Great Lakes Energy Partners, LLC.

FirstEnergy

FirstEnergy is a Fortune 500 company. In 2010 FirstEnergy was ranked number 179 on the Fortune 500 list, making it the 179th largest company in the United States when judged by revenue.

FirstEnergy achieved revenue of $12,967.00 million in 2010 and earned a profit of $1,006.00 million.

FirstEnergy' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 179th compared to 194th in 2009. This was based on its 2009 revenue of $13,627 million (a change of -1 million compared to 2010) and profits of $1,342 million (a change of $0 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then FirstEnergy would be ranked 132nd rather than 179th due to its profits of $1,006 in 2010.

* US$ Million

• Address
  • FirstEnergy
    76 South Main Street
    Akron
    OH
    44308
• Contact Details
  • Phone: 330-384-5712
  • Fax: 330-384-3866
  • Website: www.firstenergycorp.com
  • Stock Symbol: FE

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