In the Q2, Firstenergy Corp 's corporate clients experienced a deterioration by -23.33 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -21.54 %. During the corresponding time, Firstenergy Corp recorded a revenue increase by 8.82 % year on year, sequentially revenue fell by -12.47 %. While revenue at the Firstenergy Corp 's corporate clients recorded rose by 4.39 % year on year, sequentially revenue grew by 0.98 %.
Customers of Firstenergy Corp saw their costs of revenue deteriorate by -23.33 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -21.54 %, for the same period Firstenergy Corp recorded revenue increase by 8.82 % year on year, sequentially revenue fell by -12.47 %.
Firstenergy's Comment on Sales, Marketing and Customers
FirstEnergy operates regulated electric company subsidiaries providing distribution and transmission services primarily in the Midwest and Mid-Atlantic regions. These subsidiaries serve customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, New York, and Virginia. Ohio subsidiaries include Ohio Edison (OE) with approximately 1.1 million customers in central and northeastern Ohio, Cleveland Electric Illuminating (CEI) with about 0.8 million customers in northeastern Ohio, and Toledo Edison (TE) with around 0.3 million customers in northwestern Ohio. In Pennsylvania, FirstEnergy Pennsylvania (FE PA) serves approximately 2.1 million customers, as well as 4,000 customers in Waverly, New York. Jersey Central Power & Light (JCP&L) serves about 1.2 million customers in New Jersey. Potomac Edison (PE) serves approximately 0.4 million customers in Maryland and West Virginia, while Mon Power (MP) serves roughly 0.4 million customers in West Virginia. These subsidiaries cover service areas with populations ranging from 0.7 million to 4.5 million and have combined rate bases totaling billions of dollars as of December 31, 2025.
Firstenergy’s Comment on Sales, Marketing and Customers
FirstEnergy operates regulated electric company subsidiaries providing distribution and transmission services primarily in the Midwest and Mid-Atlantic regions. These subsidiaries serve customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, New York, and Virginia. Ohio subsidiaries include Ohio Edison (OE) with approximately 1.1 million customers in central and northeastern Ohio, Cleveland Electric Illuminating (CEI) with about 0.8 million customers in northeastern Ohio, and Toledo Edison (TE) with around 0.3 million customers in northwestern Ohio. In Pennsylvania, FirstEnergy Pennsylvania (FE PA) serves approximately 2.1 million customers, as well as 4,000 customers in Waverly, New York. Jersey Central Power & Light (JCP&L) serves about 1.2 million customers in New Jersey. Potomac Edison (PE) serves approximately 0.4 million customers in Maryland and West Virginia, while Mon Power (MP) serves roughly 0.4 million customers in West Virginia. These subsidiaries cover service areas with populations ranging from 0.7 million to 4.5 million and have combined rate bases totaling billions of dollars as of December 31, 2025.
Sources:
Firstenergy Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Firstenergy Corp’s corporate clients.
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