We manage our business as two separate major business segments - regulated services
and competitive services.
The regulated services segment operates and maintains our regulated domestic
transmission and distribution systems and also provides generation services
to franchise customers who have not chosen an alternative generation supplier.
The Ohio Companies (OE, CEI and TE) and Penn obtain generation through a power
supply agreement with the competitive services segment.
The competitive services segment also supplies a substantial portion of the
PLR requirements for Met-Ed and Penelec through a wholesale contract. The competitive
services segment includes all competitive energy and energy-related services
including commodity sales (both electricity and natural gas) in the retail and
wholesale markets, marketing, generation, trading and sourcing of commodity
requirements, as well as other competitive energy application services such
as heating, ventilation and air-conditioning.
Our two major business segments include all or a portion of the following business
entities:
o Regulated operations include the regulated sale of electricity and distribution
and transmission services by OE, CEI, TE, Penn, JCP&L, Met-Ed, Penelec and
ATSI.
o Competitive operations include the operation of generation facilities owned
by OE, CEI, TE and Penn, and all operations of FES, FSG, MYR, MARBEL and First
Communications.
Competitive services are principally provided by FirstEnergy Solutions Corp.
(FES), FirstEnergy Facilities Services Group, LLC (FSG), MARBEL Energy Corporation,
MYR Group, Inc., and our majority owned First Communications, LLC. Through its
50% interest in Great Lakes Energy Partners, LLC, MARBEL is involved in the
exploration and production of oil and natural gas, and transmission and marketing
of natural gas. Other subsidiaries provide a wide range of services, including
heating, ventilating, air-conditioning, refrigeration, process piping, plumbing,
electrical and facility control systems and high-efficiency electrotechnologies.
Telecommunication services are also provided - local and long-distance phone
service is provided to more than 65,000 customers. While competitive revenues
have increased since 2001, regulated energy services continue to provide, in
aggregate, the majority of FirstEnergy's revenues and earnings.