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Firstenergy (FE)
Firstenergy Business Segments
Firstenergy Corp (NYSE: FE )
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Description of Firstenergy's Business Segments
FirstEnergy Corp operates through two major business segments: Regulated Services and Competitive Services. Each segment encompasses a range of entities and offers a variety of products and services tailored to meet the needs of both residential and commercial customers in energy markets. Regulated Services Segment The Regulated Services segment is responsible for the transmission and distribution of electricity across various states. This segment involves the operation and maintenance of regulated domestic energy systems, ensuring that franchise customers receive reliable service. Key Features of Regulated Services: 1. Transmission and Distribution: - FirstEnergy operates critical infrastructure to transmit and distribute electricity safely and efficiently to millions of customers. This includes maintaining power lines, substations, and other necessary equipment. - The significant reduction in outages and prompt restoration efforts contribute to customer satisfaction and dependability in service delivery. 2. Electric Generation Services: - FirstEnergy provides generation services backed by long-term agreements for customers within its franchise areas who have not opted for alternative generation suppliers. - Ohio Edison (OE), Cleveland Electric Illuminating (CEI), Toledo Edison (TE), and Penn operate under this framework, procuring generation through power supply arrangements with the Competitive Services segment. 3. Franchise Utilities: - The Regulated Services segment includes several key operating companies, such as: - Ohio Edison (OE) - Cleveland Electric Illuminating (CEI) - Toledo Edison (TE) - Pennsylvania Electric Company (Penn) - Jersey Central Power & Light (JCP&L) - Metropolitan Edison Company (Met-Ed) - Pennsylvania Electric Company (Penelec) - American Transmission System, Inc. (ATSI) Competitive Services Segment The Competitive Services segment engages in a variety of energy-related operations, emphasizing market-driven initiatives and competitive energy solutions. Key Features of Competitive Services: 1. Energy Supply: - This segment supplies energy to wholesale and retail markets, including electricity and natural gas. - FirstEnergy Solutions Corp. (FES) plays a notable role in supplying a substantial portion of the provider of last resort (PLR) needs for Metropolitan Edison (Met-Ed) and Pennsylvania Electric (Penelec) through wholesale agreements. 2. Generation: - Competitive services involve the operation of generation facilities owned by various FirstEnergy companies, such as OE, CEI, TE, and Penn. - Generating facilities include various types of power generation, whether its traditional fossil fuels, nuclear energy, or renewable sources. 3. Commodity Sales and Trading: - This segment includes the trading and sourcing of commodity requirements, enabling FirstEnergy to optimize energy acquisition and distribution. - The corporation actively participates in energy trading markets, helping to balance supply and demand while ensuring competitive pricing for its customers. 4. Wide Range of Applications: - FirstEnergys competitive services extend beyond basic energy provision; they encompass heating, ventilation, and air-conditioning (HVAC) services, refrigeration, process piping, plumbing, electrical systems, and facility control systems. - These services are designed to enhance energy efficiency and support the operational needs of businesses and residences. 5. Telecommunications: - Through its majority-owned subsidiary, First Communications, LLC, the company provides a variety of telecommunication services, including local and long-distance phone services to a significant customer base of over 65,000 clients. Subsidiary Operations FirstEnergys subsidiaries play an integral role in delivering products and services within the two segments: - FirstEnergy Solutions Corp. (FES): Focus on competitive energy solutions and trading. - FirstEnergy Facilities Services Group, LLC (FSG): Provides facility management and technical services. - MARBEL Energy Corporation: Involved in oil and natural gas exploration and production alongside its 50% interest in Great Lakes Energy Partners, LLC. - MYR Group, Inc.: Engaged in electrical construction and infrastructure projects. - First Communications: Supplies telecommunication services. Conclusion Overall, FirstEnergy Corps dual-segment structure allows it to maintain a strong position in both regulated and competitive energy markets. While the Regulated Services segment continues to account for a significant portion of the company’s revenue, the Competitive Services segment is expanding its reach and offering a broader array of services, including energy trading and telecom solutions. These comprehensive offerings cater to the diverse needs of residential and commercial customers, establishing FirstEnergy as a pivotal player in the energy landscape.
Composition of Firstenergy Corp Revenues by
Segments
JERSEY CENTRAL POWER LIGHT COMPANY
15.85 %
of total Revenue
Distribution
47.36 %
of total Revenue
Distribution JERSEY CENTRAL POWER LIGHT COMPANY
15.85 %
of total Revenue
Distribution Wholesale
0.1 %
of total Revenue
Distribution Wholesale JERSEY CENTRAL POWER LIGHT COMPANY
0.05 %
of total Revenue
Distribution Transmission JERSEY CENTRAL POWER LIGHT COMPANY
1.69 %
of total Revenue
Distribution Other revenue from contracts with customers
0.43 %
of total Revenue
Distribution Other revenue from contracts with customers JERSEY CENTRAL POWER LIGHT COMPANY
0.07 %
of total Revenue
Distribution Other revenue unrelated to contracts with customers
0.52 %
of total Revenue
Distribution Other revenue unrelated to contracts with customers JERSEY CENTRAL POWER LIGHT COMPANY
0.02 %
of total Revenue
Integrated
40.53 %
of total Revenue
Integrated Wholesale
2.67 %
of total Revenue
Integrated Transmission
2.83 %
of total Revenue
Integrated Other revenue unrelated to contracts with customers
3.83 %
of total Revenue
Stand-Alone Transmission
12.28 %
of total Revenue
Stand-Alone Transmission Other revenue unrelated to contracts with customers
0.17 %
of total Revenue
Residential Distribution
33.25 %
of total Revenue
Residential Distribution JERSEY CENTRAL POWER LIGHT COMPANY
9.07 %
of total Revenue
Residential Integrated
18.92 %
of total Revenue
Commercial Distribution
9.57 %
of total Revenue
Commercial Distribution JERSEY CENTRAL POWER LIGHT COMPANY
4.05 %
of total Revenue
Commercial Integrated
8.09 %
of total Revenue
Industrial Distribution
2.97 %
of total Revenue
Industrial Distribution JERSEY CENTRAL POWER LIGHT COMPANY
0.48 %
of total Revenue
Industrial Integrated
3.69 %
of total Revenue
Other Distribution
0.52 %
of total Revenue
Other Distribution JERSEY CENTRAL POWER LIGHT COMPANY
0.12 %
of total Revenue
Other Integrated
0.19 %
of total Revenue
ATSI Stand-Alone Transmission
6.71 %
of total Revenue
TrAIL Stand-Alone Transmission
1.55 %
of total Revenue
MAIT Stand-Alone Transmission
3.28 %
of total Revenue
KATCo Stand-Alone Transmission
0.57 %
of total Revenue
ARP Integrated Alternative Revenue Program JERSEY CENTRAL POWER LIGHT COMPANY
0.31 %
of total Revenue
Corporate Other and Reconciling Adjustments
-0.17 %
of total Revenue
Corporate Other and Reconciling Adjustments Wholesale
0.24 %
of total Revenue
Corporate Other and Reconciling Adjustments Eliminations and reconciling adjustments
-0.4 %
of total Revenue
Reconciling Adjustments
-0.4 %
of total Revenue
External revenues
99.76 %
of total Revenue
Financial Information fe SegmentFinancialInformationAbstract
100.17 %
of total Revenue
External revenues Distribution
47.14 %
of total Revenue
External revenues Integrated
40.5 %
of total Revenue
External revenues Stand-Alone Transmission
12.11 %
of total Revenue
Internal revenues
0.4 %
of total Revenue
Internal revenues Distribution
0.21 %
of total Revenue
Internal revenues Integrated
0.02 %
of total Revenue
Internal revenues Stand-Alone Transmission
0.17 %
of total Revenue
Corporate Other
0.24 %
of total Revenue
Corporate Other External revenues
0.24 %
of total Revenue
Reconciling Adjustments Internal revenues
-0.4 %
of total Revenue
Q1 three months ended (Mar 31 2026)
Revenues by Business Segments
Revenues (in millions $)
%
(of total Revenues)
JERSEY CENTRAL POWER LIGHT COMPANY
666.00
15.85 %
Distribution
1,990.00
47.36 %
Distribution JERSEY CENTRAL POWER LIGHT COMPANY
666.00
15.85 %
Distribution Wholesale
4.00
0.1 %
Distribution Wholesale JERSEY CENTRAL POWER LIGHT COMPANY
2.00
0.05 %
Distribution Transmission JERSEY CENTRAL POWER LIGHT COMPANY
71.00
1.69 %
Distribution Other revenue from contracts with customers
18.00
0.43 %
Distribution Other revenue from contracts with customers JERSEY CENTRAL POWER LIGHT COMPANY
3.00
0.07 %
Distribution Other revenue unrelated to contracts with customers
22.00
0.52 %
Distribution Other revenue unrelated to contracts with customers JERSEY CENTRAL POWER LIGHT COMPANY
1.00
0.02 %
Integrated
1,703.00
40.53 %
Integrated Wholesale
112.00
2.67 %
Integrated Transmission
119.00
2.83 %
Integrated Other revenue unrelated to contracts with customers
161.00
3.83 %
Stand-Alone Transmission
516.00
12.28 %
Stand-Alone Transmission Other revenue unrelated to contracts with customers
7.00
0.17 %
Residential Distribution
1,397.00
33.25 %
Residential Distribution JERSEY CENTRAL POWER LIGHT COMPANY
381.00
9.07 %
Residential Integrated
795.00
18.92 %
Commercial Distribution
402.00
9.57 %
Commercial Distribution JERSEY CENTRAL POWER LIGHT COMPANY
170.00
4.05 %
Commercial Integrated
340.00
8.09 %
Industrial Distribution
125.00
2.97 %
Industrial Distribution JERSEY CENTRAL POWER LIGHT COMPANY
20.00
0.48 %
Industrial Integrated
155.00
3.69 %
Other Distribution
22.00
0.52 %
Other Distribution JERSEY CENTRAL POWER LIGHT COMPANY
5.00
0.12 %
Other Integrated
8.00
0.19 %
ATSI Stand-Alone Transmission
282.00
6.71 %
TrAIL Stand-Alone Transmission
65.00
1.55 %
MAIT Stand-Alone Transmission
138.00
3.28 %
KATCo Stand-Alone Transmission
24.00
0.57 %
ARP Integrated Alternative Revenue Program JERSEY CENTRAL POWER LIGHT COMPANY
13.00
0.31 %
Corporate Other and Reconciling Adjustments
-7.00
-0.17 %
Corporate Other and Reconciling Adjustments Wholesale
10.00
0.24 %
Corporate Other and Reconciling Adjustments Eliminations and reconciling adjustments
-17.00
-0.4 %
Reconciling Adjustments
-17.00
-0.4 %
External revenues
4,192.00
99.76 %
Financial Information fe SegmentFinancialInformationAbstract
4,209.00
100.17 %
External revenues Distribution
1,981.00
47.14 %
External revenues Integrated
1,702.00
40.5 %
External revenues Stand-Alone Transmission
509.00
12.11 %
Internal revenues
17.00
0.4 %
Internal revenues Distribution
9.00
0.21 %
Internal revenues Integrated
1.00
0.02 %
Internal revenues Stand-Alone Transmission
7.00
0.17 %
Corporate Other
10.00
0.24 %
Corporate Other External revenues
10.00
0.24 %
Reconciling Adjustments Internal revenues
-17.00
-0.4 %
Total
4,202.00
100 %
Q1 three months ended (Mar 31 2026)
Revenue Growth rates by Segment
Y/Y Revenue %
Q/Q Revenue %
JERSEY CENTRAL POWER LIGHT COMPANY
17.67 %
-
Distribution
2.79 %
-
Distribution JERSEY CENTRAL POWER LIGHT COMPANY
17.67 %
-
Distribution Wholesale
300 %
-
Distribution Wholesale JERSEY CENTRAL POWER LIGHT COMPANY
100 %
-
Distribution Transmission JERSEY CENTRAL POWER LIGHT COMPANY
16.39 %
-
Distribution Other revenue from contracts with customers
5.88 %
-
Distribution Other revenue from contracts with customers JERSEY CENTRAL POWER LIGHT COMPANY
0 %
-
Distribution Other revenue unrelated to contracts with customers
-4.35 %
-
Distribution Other revenue unrelated to contracts with customers JERSEY CENTRAL POWER LIGHT COMPANY
0 %
-
Integrated
26.24 %
-
Integrated Wholesale
138.3 %
-
Integrated Transmission
19 %
-
Integrated Other revenue unrelated to contracts with customers
973.33 %
-
Stand-Alone Transmission
5.09 %
-
Stand-Alone Transmission Other revenue unrelated to contracts with customers
40 %
-
Residential Distribution
6.72 %
-
Residential Distribution JERSEY CENTRAL POWER LIGHT COMPANY
20.57 %
-
Residential Integrated
12.29 %
-
Commercial Distribution
-3.13 %
-
Commercial Distribution JERSEY CENTRAL POWER LIGHT COMPANY
5.59 %
-
Commercial Integrated
6.92 %
-
Industrial Distribution
-17.76 %
-
Industrial Distribution JERSEY CENTRAL POWER LIGHT COMPANY
11.11 %
-
Industrial Integrated
2.65 %
-
Other Distribution
15.79 %
-
Other Distribution JERSEY CENTRAL POWER LIGHT COMPANY
0 %
-
Other Integrated
-11.11 %
-
ATSI Stand-Alone Transmission
7.63 %
-
TrAIL Stand-Alone Transmission
-7.14 %
-
MAIT Stand-Alone Transmission
5.34 %
-
KATCo Stand-Alone Transmission
4.35 %
-
ARP Integrated Alternative Revenue Program JERSEY CENTRAL POWER LIGHT COMPANY
-
-
Corporate Other and Reconciling Adjustments
-
-
Corporate Other and Reconciling Adjustments Wholesale
150 %
-
Corporate Other and Reconciling Adjustments Eliminations and reconciling adjustments
-
-
Reconciling Adjustments
-
-
External revenues
11.46 %
-
Financial Information fe SegmentFinancialInformationAbstract
11.47 %
-
External revenues Distribution
2.8 %
-
External revenues Integrated
26.26 %
-
External revenues Stand-Alone Transmission
4.73 %
-
Internal revenues
13.33 %
-
Internal revenues Distribution
0 %
-
Internal revenues Integrated
0 %
-
Internal revenues Stand-Alone Transmission
40 %
-
Corporate Other
150 %
-
Corporate Other External revenues
150 %
-
Reconciling Adjustments Internal revenues
-
-
Total
11.61 %
-
Q1 three months ended (Mar 31 2026)
Income by Business Segments
Income (in millions $)
% (Profit Margin)
Distribution
246.00
12.36 %
Integrated
153.00
8.98 %
Stand-Alone Transmission
91.00
17.64 %
Total
466.00
11.09 %
Q1 three months ended (Mar 31 2026)
Income Growth rates by Segment
Y/Y Income %
Q/Q Income %
Distribution
12.84 %
-
Integrated
12.5 %
-
Stand-Alone Transmission
12.35 %
-
Total
12.56 %
-
Annual Report on Firstenergy Corp Divisions, Sales by Country
JERSEY CENTRAL POWER LIGHT COMPANY
18.64 %
of total Revenue
Distribution
50.01 %
of total Revenue
Distribution JERSEY CENTRAL POWER LIGHT COMPANY
16.93 %
of total Revenue
Distribution Wholesale
0.11 %
of total Revenue
Distribution Wholesale JERSEY CENTRAL POWER LIGHT COMPANY
0.04 %
of total Revenue
Distribution Other revenue from contracts with customers
0.52 %
of total Revenue
Distribution Other revenue from contracts with customers JERSEY CENTRAL POWER LIGHT COMPANY
0.09 %
of total Revenue
Distribution Other revenue unrelated to contracts with customers
0.54 %
of total Revenue
Distribution Other revenue unrelated to contracts with customers JERSEY CENTRAL POWER LIGHT COMPANY
0.03 %
of total Revenue
Integrated
37.66 %
of total Revenue
Integrated Wholesale
2.5 %
of total Revenue
Integrated Transmission
2.82 %
of total Revenue
Integrated Other revenue unrelated to contracts with customers
0.38 %
of total Revenue
Stand-Alone Transmission
12.62 %
of total Revenue
Stand-Alone Transmission Other revenue unrelated to contracts with customers
0.13 %
of total Revenue
Residential Distribution
32.79 %
of total Revenue
Residential Distribution JERSEY CENTRAL POWER LIGHT COMPANY
11.3 %
of total Revenue
Residential Integrated
19.07 %
of total Revenue
Commercial Distribution
11.26 %
of total Revenue
Commercial Distribution JERSEY CENTRAL POWER LIGHT COMPANY
4.82 %
of total Revenue
Commercial Integrated
8.58 %
of total Revenue
Industrial Distribution
4.31 %
of total Revenue
Industrial Distribution JERSEY CENTRAL POWER LIGHT COMPANY
0.5 %
of total Revenue
Industrial Integrated
4.08 %
of total Revenue
Other Distribution
0.48 %
of total Revenue
Other Integrated
0.21 %
of total Revenue
ATSI Stand-Alone Transmission
7.01 %
of total Revenue
TrAIL Stand-Alone Transmission
1.72 %
of total Revenue
MAIT Stand-Alone Transmission
3.2 %
of total Revenue
KATCo Stand-Alone Transmission
0.56 %
of total Revenue
Corporate Other and Reconciling Adjustments
-0.3 %
of total Revenue
Corporate Other and Reconciling Adjustments Wholesale
0.12 %
of total Revenue
Corporate Other and Reconciling Adjustments Eliminations and reconciling adjustments
-0.42 %
of total Revenue
Reconciling Adjustments
-0.42 %
of total Revenue
Integrated Other revenue from contracts with customers
0.04 %
of total Revenue
Transmission JERSEY CENTRAL POWER LIGHT COMPANY
1.72 %
of total Revenue
Street lighting Distribution JERSEY CENTRAL POWER LIGHT COMPANY
0.14 %
of total Revenue
Reconciling Adjustments JERSEY CENTRAL POWER LIGHT COMPANY
-1.16 %
of total Revenue
Twelve months ended 2025
FE s Annual Revenue by Geography and Business Segments
Sales (in millions $)
% (of total Sales)
JERSEY CENTRAL POWER LIGHT COMPANY
2,813.00
18.64 %
Distribution
7,547.00
50.01 %
Distribution JERSEY CENTRAL POWER LIGHT COMPANY
2,554.00
16.93 %
Distribution Wholesale
16.00
0.11 %
Distribution Wholesale JERSEY CENTRAL POWER LIGHT COMPANY
6.00
0.04 %
Distribution Other revenue from contracts with customers
78.00
0.52 %
Distribution Other revenue from contracts with customers JERSEY CENTRAL POWER LIGHT COMPANY
14.00
0.09 %
Distribution Other revenue unrelated to contracts with customers
82.00
0.54 %
Distribution Other revenue unrelated to contracts with customers JERSEY CENTRAL POWER LIGHT COMPANY
4.00
0.03 %
Integrated
5,683.00
37.66 %
Integrated Wholesale
377.00
2.5 %
Integrated Transmission
425.00
2.82 %
Integrated Other revenue unrelated to contracts with customers
57.00
0.38 %
Stand-Alone Transmission
1,905.00
12.62 %
Stand-Alone Transmission Other revenue unrelated to contracts with customers
19.00
0.13 %
Residential Distribution
4,948.00
32.79 %
Residential Distribution JERSEY CENTRAL POWER LIGHT COMPANY
1,705.00
11.3 %
Residential Integrated
2,877.00
19.07 %
Commercial Distribution
1,699.00
11.26 %
Commercial Distribution JERSEY CENTRAL POWER LIGHT COMPANY
728.00
4.82 %
Commercial Integrated
1,294.00
8.58 %
Industrial Distribution
651.00
4.31 %
Industrial Distribution JERSEY CENTRAL POWER LIGHT COMPANY
76.00
0.5 %
Industrial Integrated
615.00
4.08 %
Other Distribution
73.00
0.48 %
Other Integrated
32.00
0.21 %
ATSI Stand-Alone Transmission
1,058.00
7.01 %
TrAIL Stand-Alone Transmission
260.00
1.72 %
MAIT Stand-Alone Transmission
483.00
3.2 %
KATCo Stand-Alone Transmission
85.00
0.56 %
Corporate Other and Reconciling Adjustments
-45.00
-0.3 %
Corporate Other and Reconciling Adjustments Wholesale
18.00
0.12 %
Corporate Other and Reconciling Adjustments Eliminations and reconciling adjustments
-63.00
-0.42 %
Reconciling Adjustments
-63.00
-0.42 %
Total
15,090.00
100 %
Integrated Other revenue from contracts with customers
6.00
0.04 %
Transmission JERSEY CENTRAL POWER LIGHT COMPANY
259.00
1.72 %
Street lighting Distribution JERSEY CENTRAL POWER LIGHT COMPANY
21.00
0.14 %
Reconciling Adjustments JERSEY CENTRAL POWER LIGHT COMPANY
-175.00
-1.16 %
Twelve months ended 2025
FE s Annual Income by Country and Business Segments
Income (in millions $)
% (Profit Margin)
Total
1,271.00
8.42 %
Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments
% Y/Y Sales Growth
% Y/Y Income Growth
JERSEY CENTRAL POWER LIGHT COMPANY
14.03 %
-
Distribution
9.97 %
-
Distribution JERSEY CENTRAL POWER LIGHT COMPANY
14.79 %
-
Distribution Wholesale
166.67 %
-
Distribution Wholesale JERSEY CENTRAL POWER LIGHT COMPANY
0 %
-
Distribution Other revenue from contracts with customers
-2.5 %
-
Distribution Other revenue from contracts with customers JERSEY CENTRAL POWER LIGHT COMPANY
-22.22 %
-
Distribution Other revenue unrelated to contracts with customers
2.5 %
-
Distribution Other revenue unrelated to contracts with customers JERSEY CENTRAL POWER LIGHT COMPANY
0 %
-
Integrated
16.55 %
-
Integrated Wholesale
158.22 %
-
Integrated Transmission
11.84 %
-
Integrated Other revenue unrelated to contracts with customers
35.71 %
-
Stand-Alone Transmission
6.6 %
-
Stand-Alone Transmission Other revenue unrelated to contracts with customers
0 %
-
Residential Distribution
9.61 %
-
Residential Distribution JERSEY CENTRAL POWER LIGHT COMPANY
15.99 %
-
Residential Integrated
13.81 %
-
Commercial Distribution
11.63 %
-
Commercial Distribution JERSEY CENTRAL POWER LIGHT COMPANY
16.11 %
-
Commercial Integrated
13.31 %
-
Industrial Distribution
10.71 %
-
Industrial Distribution JERSEY CENTRAL POWER LIGHT COMPANY
8.57 %
-
Industrial Integrated
6.59 %
-
Other Distribution
0 %
-
Other Integrated
0 %
-
ATSI Stand-Alone Transmission
7.96 %
-
TrAIL Stand-Alone Transmission
-3.35 %
-
MAIT Stand-Alone Transmission
10.78 %
-
KATCo Stand-Alone Transmission
0 %
-
Corporate Other and Reconciling Adjustments
-
-
Corporate Other and Reconciling Adjustments Wholesale
100 %
-
Corporate Other and Reconciling Adjustments Eliminations and reconciling adjustments
-
-
Reconciling Adjustments
-
-
External revenues
-
-
Internal revenues
-
-
Corporate Other
-
-
Corporate Other External revenues
-
-
Reconciling Adjustments Internal revenues
-
-
Total
12.01 %
12.78 %
Integrated Other revenue from contracts with customers
-68.42 %
-
Transmission JERSEY CENTRAL POWER LIGHT COMPANY
7.02 %
-
Street lighting Distribution JERSEY CENTRAL POWER LIGHT COMPANY
5 %
-
Reconciling Adjustments JERSEY CENTRAL POWER LIGHT COMPANY
-
-
ARP Integrated Other revenue unrelated to contracts with customers
-
-
Other Stand-Alone Transmission
-
-
Financial Information fe SegmentReportingFinancialInformationAbstract
-
-
Distribution External revenues
-
-
Distribution Internal revenues
-
-
Integrated External revenues
-
-
Integrated Internal revenues
-
-
Stand-Alone Transmission External revenues
-
-
Stand-Alone Transmission Internal revenues
-
-
ARP Distribution JERSEY CENTRAL POWER LIGHT COMPANY
-
-
ARP Integrated ARP
-
-