FirstEnergy Corp. is a major American electric utility headquartered in Akron, Ohio. Formed in 1997 through the merger of Ohio Edison and Centerior Energy, the company operates through ten subsidiaries that distribute, transmit, and generate electricity. It serves approximately six million customers across a 65,000-square-mile area covering several Mid-Atlantic and Midwestern states, making it one of the nation's largest investor-owned electric systems.
The company is notable for its scale and its position as a critical infrastructure provider. Its operations as a regulated utility mean it plays a vital role in the regional economy and energy security. FirstEnergy has previously been recognized on the Fortune 500 list, underscoring its significant revenue and standing among the largest public corporations in the United States.
Recently, FirstEnergy has been in the news due to ongoing developments in the energy sector and regulatory challenges. While some headlines report on infrastructure investments by its subsidiaries, others reference a report concerning financial errors for which the company has sought customer reimbursement. These news items highlight the continuous operational and financial scrutiny faced by major utility companies.
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