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Firstenergy Corp  (FE)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 



 

What are Firstenergy's Business Segments?



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.

   

Firstenergy Tax Rate Companies within the Electric Utilities Industry


Firstenergy Corp Segments

 
Regulated Serv.
   62.49 % of total Revenue
Competitive Serv.
   5.91 % of total Revenue
Other
   31.6 % of total Revenue
 

Business Segments (Sep. 30, 2015)
Revenues
(in millions $)
III. Quarter
%
(of total Revenues)
(Sep. 30, 2015)
Income
(in millions $)
III. Quarter
%
(Profit Margin)
Regulated Serv.
2,624.00 62.49 % 234.00 8.92 %
Competitive Serv.
248.00 5.91 % 70.00 28.23 %
Other
1,327.00 31.6 % 140.00 10.55 %
Total
4,199.00 100 % 444.00 10.57 %

• Firstenergy Income Statement • Firstenergy supply chain • Revenue growth ranking by company and industry

Growth rates by Segment (Sep. 30, 2015)
Y/Y Revenue
%
III. Quarter
Q/Q Revenue
%
(Sep. 30, 2015)
Y/Y Income
%
III. Quarter
Q/Q Income
%
Regulated Serv.
11.33 % 17.2 % 3.08 % 50 %
Competitive Serv.
25.89 % -7.81 % 27.27 % -21.35 %
Other
-5.62 % 10.95 % 112.12 % -
Total
6.04 % 13.36 % 27.59 % 90.56 %

• Firstenergy Growth Comparisons Firstenergy Profile • Firstenergy Market Share

To get more information on Firstenergy's Regulated Serv., Competitive Serv., Other, Total segment. Select each division with the arrow.


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