FirstEnergy Corp. (FE) - Power - Deals and Alliances Profile

 Published On: Dec, 2016 |    No of Pages: 139 |  Published By: GlobalData | Format: PDF
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Summary

FirstEnergy Corp. (FirstEnergy) is a diversified energy company, which generates, transmits, distributes and sells electricity through its subsidiaries. The company, with its regulated distribution companies, is an investor-owned electric system. The major electricity generating assets of the company include coal-fired plants, nuclear plants, pumped-storage hydroelectric plants, oil/gas-fired plants and, wind and solar facilities. Its electric transmission system dispatches power from generating facilities and substations to the local distribution networks that serve its region's homes and businesses. FirstEnergy serves residential, commercial and industrial customers. The company, together with its regulated distribution companies, operates in the US. FirstEnergy is headquartered in Akron, Ohio, the US.

FirstEnergy Corp. (FE) - Power - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Power eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company's (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company's operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents
Table of Contents 2
List of Tables 5
List of Figures 6
FirstEnergy Corp., Power, Deals By Year, 2010 to YTD 2016 7
FirstEnergy Corp., Power Deals By Type, 2010 to YTD 2016 8
FirstEnergy Corp., Power, Deals By Region, 2010 to YTD 2016 9
FirstEnergy Corp., Power, Deals By Sector, 2010 to YTD 2016 10
FirstEnergy Corp., Power, Deals Summary, 2010 to YTD 2016 11
FirstEnergy Corp., Power, Deal Details 13
Asset Purchase 13
FirstEnergy to Invest USD30 Million in Transmission Substation in Ohio, US 13
Potomac Edison Invests US$5.3 Million In Thurmont To Union Bridge Transmission Line In US 13
Monongahela Power Company To Acquire Harrison Coal Fired Power Station From Allegheny Energy For Upto US$1 Billion 14
Merger 14
FirstEnergy Merges With Allegheny Energy 14
Debt Offering 17
Monongahela Power Raises USD600 Million in Private Placement Of 5.4% Bonds Due 2043 17
Monongahela Power Raises USD400 Million in Private Placement Of 4.1% Bonds Due 2024 18
Metropolitan Edison Completes Public Offering Of 3.517% Bonds Due 2023 For US$300 Million 19
Asset Transactions 20
FirstEnergy Generation Sells Two Natural Gas-Fired Peaking Plants To Richland-Stryker For US$80 Million 20
FirstEnergy Sells Fremont Energy Center For US$500 Million To American Municipal 20
FirstEnergy Generation Sells 100% Stake In Sumpter Plant To Wolverine Power 21
Acquisition 22
FirstEnergy Sells 6.6% Interest In Ohio Valley Electric To Wolverine Power 22
FirstEnergy Corp. - Key Competitors 24
Key Employees 25
Locations And Subsidiaries 26
Head Office 26
Other Locations & Subsidiaries 26
Recent Developments 28
Dec 06, 2016: FirstEnergy Names Dan DeVille Director of External Affairs for The Illuminating Company and Toledo Edison Service Areas 28
Nov 29, 2016: FirstEnergy Announces New Plans for Sustainable Management of Bruce Mansfield Plant's Coal Combustion Residuals 29
Nov 04, 2016: FirstEnergy Announces Third Quarter Financial Results 30
Oct 19, 2016: Work Underway on New FirstEnergy Transmission Substation to Support Western Pennsylvania Shale Gas Industry 31
Oct 06, 2016: FirstEnergy transmission line rebuild underway in Fulton County 32
Oct 03, 2016: FirstEnergy Ohio Utilities Launch Request for Proposal for 2016 Solar and Renewable Energy Credits 33
Sep 22, 2016: FirstEnergy's Davis-Besse nuclear plant resumes electricity generation 34
Sep 13, 2016: FirstEnergy’s Davis Besse nuclear plant turns offline due to unplanned outage 35
Aug 22, 2016: FirstEnergy to invest $238m on transmission infrastructure this year in West Virginia 36
Aug 15, 2016: $128 Million in Infrastructure Projects Planned in Potomac Edison Area During 2016 to Enhance Electric System 37
Jul 29, 2016: FirstEnergy Completes Demolition of R.E. Burger Power Station 38
Jul 28, 2016: FirstEnergy Announces Second Quarter 2016 Results, Provides Third Quarter and Full-Year 2016 Guidance 39
Jun 09, 2016: FirstEnergy Issues 2016 Sustainability Report Detailing Environmental Achievements and Community Support 40
Jun 07, 2016: FirstEnergy Names Ketan K. Patel Vice President, Corporate Secretary, and Chief Ethics Officer 41
Jun 03, 2016: FirstEnergy's Power Plants Prepared to Operate Reliably through High-Demand Summer Months 42
May 18, 2016: FirstEnergy and The Illuminating Company Prepare for 2016 Republican National Convention in Cleveland 43
May 17, 2016: Vespoli Elected Executive Vice President, Corporate Strategy, Regulatory Affairs, and Chief Legal Officer 44
Apr 26, 2016: FirstEnergy Announces First Quarter 2016 Results 45
Apr 26, 2016: Work continues on new FirstEnergy transmission line in West Virginia 46
Apr 15, 2016: FirstEnergy Ohio Utilities to Offer Energy Efficiency Programs to Help Customers Reduce Electric Use 47
Apr 14, 2016: FirstEnergy Launches Switch2Green4Free Offer 48
Apr 14, 2016: FirstEnergy's Switch2Green4Free Offer Showcased at EarthFest 49
Apr 06, 2016: Expansion of Hoytdale Substation in Wampum Underway 50
Mar 31, 2016: FirstEnergy Electric Security Plan Approved by Public Utilities Commission of Ohio 51
Mar 11, 2016: FirstEnergy Expanding Substation in Leroy Center to Enhance Reliability for Customers in Northeast Ohio 52
Mar 09, 2016: FirstEnergy’s Bruce Mansfield coal power plant remains offline due to low energy prices 53
Feb 23, 2016: FirstEnergy Adds $15 Million to FirstEnergy Foundation 54
Feb 16, 2016: FirstEnergy Announces Fourth Quarter and Full Year 2015 Results 55
Feb 16, 2016: FirstEnergy's Pennsylvania Utilities Receive Approval for Infrastructure Improvement Plans 56
Feb 11, 2016: FirstEnergy halts Perry nuclear power plant for repair works 57
Feb 02, 2016: FirstEnergy Generation Fleet Achieves Reliable Operating Record in 2015 58
Feb 02, 2016: FirstEnergy Invested $131 Million in the Penn Power Service Area in 2015 to Enhance Electric System 59
Feb 02, 2016: FirstEnergy Invested $95 Million in 2015 in Met-Ed Service Area to Help Enhance Electric System 60
Feb 01, 2016: FirstEnergy Invested $257 Million in The Illuminating Company Service Area in 2015 to Enhance Electric System 61
Feb 01, 2016: FirstEnergy Invested $197 Million in 2015 in the Penelec Service Area to Help Enhance Electric System 62
Feb 01, 2016: FirstEnergy Invested $171 Million in 2015 in the West Penn Power Service Area to Enhance Electric System 63
Feb 01, 2016: FirstEnergy's Unit 1 at Davis-Besse nuclear power plant shuts down automatically 65
Jan 28, 2016: FirstEnergy invested $450m in Ohio Edison Service Area in 2015 66
Jan 28, 2016: FirstEnergy Invested $146 Million in the Toledo Edison Service Area in 2015 to Help Enhance Electric System 67
Jan 28, 2016: Accenture Helps FirstEnergy Identify More Than $450 Million in Cost Savings Over Three Years 68
Jan 27, 2016: FirstEnergy Invested $119 Million in the Potomac Edison Service Area in 2015 to Enhance Electric System 69
Jan 26, 2016: FirstEnergy Invested $227 Million in the Mon Power Service Area in 2015 to Help Enhance Electric System 70
Jan 19, 2016: Thomas N. Mitchell Elected to FirstEnergy Board of Directors 71
Dec 15, 2015: FirstEnergy Names Don Beatty External Affairs Manager for Allegany and Garrett Counties in Maryland 72
Dec 15, 2015: FirstEnergy Names Jennifer Geyer Assistant Corporate Secretary 73
Nov 24, 2015: FirstEnergy's Power Plants Prepared to Operate Reliably through Winter Weather 74
Nov 18, 2015: FirstEnergy Names Brian Paganie External Affairs Manager for Clearfield and Dubois Areas of Pennsylvania 75
Oct 29, 2015: FirstEnergy Announces Third Quarter Financial Results 76
Oct 13, 2015: Work Continues on New FirstEnergy Transmission Line and Substation in West Virginia 77
Oct 06, 2015: Work to Begin on New FirstEnergy Transmission Substation to Support West Virginia Shale Gas Industry 78
Sep 30, 2015: FirstEnergy Ohio Utilities Launch Request for Proposal for 2015 Solar and Renewable Energy Credits 79
Sep 30, 2015: PA DEP Offers Municipal LED Street Lighting Workshops for FirstEnergy Customers 80
Sep 28, 2015: Cleveland Chapter of NAACP Announces Support for FirstEnergy's Electric Security Plan 81
Sep 23, 2015: FirstEnergy Completes Several Projects at Liberty Center Substation in Toledo Edison Service Area 82
Sep 09, 2015: Siemens reaches manufacturing milestone at Mississippi plant 83
Aug 30, 2015: FirstEnergy set to dismantle Lakeshore power plant in Cleveland 84
Aug 20, 2015: PUC Seeks Comments on Revised Implementation Plan from FirstEnergy 85
Aug 07, 2015: FirstEnergy Announces Corporate Executive Promotions 86
Aug 07, 2015: West Penn Power Project Underway To Support Shale Gas Industry In Washington County, Pennsylvania 87
Jul 30, 2015: FirstEnergy Announces Second Quarter Financial Results 88
Jul 29, 2015: FirstEnergy Prepared to Handle 90 Degree Days 89
Jul 10, 2015: FirstEnergy Nuclear Operating Company Announces Management Changes at Fleet Headquarters, Davis-Besse 90
Jul 01, 2015: FirstEnergy Names Brett W. Reynolds Vice President, FE Products 91
Jun 18, 2015: FirstEnergy Opens New Machine Shop and Maintenance Headquarters in Canonsburg, Pennsylvania 92
Jun 11, 2015: New Substation, Transmission Lines, System Inspections Enhance Service Reliability in Toledo Edison Area this Summer 93
Jun 08, 2015: Penelec Projects Support Shale Gas Industry and Help Enhance Service Reliability in Central Pennsylvania 94
Jun 08, 2015: FirstEnergy's Power Plants Prepared to Operate Reliably through High-Demand Summer Months 95
Jun 05, 2015: Educators Named to FirstEnergy Educational Advisory Council 96
Jun 01, 2015: FirstEnergy Completes Transmission Projects to Boost Electric Reliability in Northern Ohio 97
May 21, 2015: FirstEnergy Extends Lease at Downtown Akron Headquarters 98
May 19, 2015: FirstEnergy Promotes Executives to Lead Marketing and Corporate Strategy 99
May 19, 2015: FirstEnergy CEO Jones Reviews Company's Strategies 100
May 14, 2015: New FirstEnergy Transmission Substation Nears Completion in Elk County, Pennsylvania 102
May 13, 2015: FirstEnergy’s Davis-Besse nuclear plant resumes power generation 103
May 10, 2015: FirstEnergy’s Davis-Besse nuclear power station shuts down due to steam leak 104
May 06, 2015: FirstEnergy Expands Transmission Substation in Frederick County, Maryland 105
May 01, 2015: FirstEnergy Announces First Quarter Results 106
Apr 15, 2015: FirstEnergy shuts Beaver Valley 1 nuclear unit due to pump failure 107
Mar 20, 2015: Projects Planned in Penelec Service Area in 2015 Will Help Strengthen Electric System 108
Mar 19, 2015: Projects Planned in West Penn Power Service Area in 2015 Will Help Strengthen Electric System 109
Mar 19, 2015: Projects Planned in Penn Power Service Area in 2015 Will Help Strengthen Electric System 110
Mar 17, 2015: Dr. Jerry Sue Thornton Elected to FirstEnergy Board of Directors; Catherine Rein and Wes Taylor to Retire from Board 111
Mar 10, 2015: $120 Million will be Spent in 2015 in the Toledo Edison Service Area to Strengthen Electric Service: FirstEnergy 112
Mar 10, 2015: $383 Million will be Spent in 2015 in the Ohio Edison Service Area to Strengthen Electric System: FirstEnergy 113
Mar 10, 2015: $281 Million will be Spent in 2015 in The Illuminating Company Service Area to Strengthen Electric System: FirstEnergy 114
Mar 04, 2015: First Energy to upgrade substation in Madison Township, Ohio 115
Mar 02, 2015: $128 Million Will Be Spent in 2015 in the Potomac Edison Service Area to Strengthen Electric System: FirstEnergy 116
Mar 02, 2015: $225 Million Will Be Spent in 2015 in the Mon Power Service Area to Strengthen Electric System: FirstEnergy 117
Feb 17, 2015: FirstEnergy Announces Fourth Quarter and Full Year 2014 Results 118
Feb 17, 2015: Anthony J. Alexander Concludes 43 Years of Service at FirstEnergy 119
Feb 12, 2015: FirstEnergy Invested $181 Million in 2014 in the West Penn Power Service Area to Help Enhance Electric System 120
Feb 12, 2015: FirstEnergy Invested $207 Million in 2014 in the Penelec Service Area to Help Enhance Electric System 121
Feb 11, 2015: TUSK: West Virginia Utilities Resort to Deceiving Senators to Eliminate Rooftop Solar 122
Feb 11, 2015: FirstEnergy Invested $115 Million in 2014 in Penn Power Service Area to Enhance Electric System 123
Feb 11, 2015: FirstEnergy Invested $135 Million in 2014 in Met-Ed Service Area to Help Enhance Electric System 124
Feb 09, 2015: FirstEnergy Projects Support Western Pennsylvania Shale Gas Boom 125
Feb 02, 2015: FirstEnergy set to obtain approval for storing spent fuel rods at Beaver Valley nuclear power facility 126
Feb 01, 2015: FirstEnergy Planning for Possible Icing Conditions in Northern New Jersey and Eastern Pennsylvania 127
Jan 29, 2015: FirstEnergy Generation Fleet Achieves Reliable Operating Record and Improved Safety Performance in 2014 128
Jan 27, 2015: FirstEnergy Invested $198 Million in 2014 in the Mon Power Service Area to Help Enhance Electric System 129
Jan 27, 2015: FirstEnergy Invested $168 Million in 2014 in the Potomac Edison Service Area to Help Enhance Electric System 130
Jan 23, 2015: FirstEnergy Utilities Announces Leadership Changes in Akron, Pennsylvania, Met-Ed and Toledo Edison 131
Jan 21, 2015: FirstEnergy Invested $152 Million in 2014 in Toledo Edison Service Area to Help Enhance Electric System 132
Jan 21, 2015: FirstEnergy Invested $690 Million in 2014 in the Ohio Edison Service Area to Enhance Electric System 133
Jan 21, 2015: FirstEnergy Invested $263 Million in 2014 in The Illuminating Company Service Area to Enhance Electric System 134
Jan 20, 2015: FirstEnergy Names Strah Senior Vice President, and President, Utilities Business 135
Jan 20, 2015: FirstEnergy Corp. Declares Unchanged Common Stock Dividend 136
Jan 05, 2015: FirstEnergy Projects Support Expanding Shale Gas Facilities in Ohio Edison Territory 137
Appendix 138
Methodology 138
About GlobalData 138
Contact Us 138
Disclaimer 138

List of Tables
FirstEnergy Corp., Power, Key Facts, 2015 1
FirstEnergy Corp., Power, Deals Summary, 2010 to YTD 2016 1
FirstEnergy Corp., Power, Deals By Year, 2010 to YTD 2016 8
FirstEnergy Corp., Power Deals By Type, 2010 to YTD 2016 9
FirstEnergy Corp., Power, Deals By Region, 2010 to YTD 2016 10
FirstEnergy Corp., Deals By Sector, 2010 to YTD 2016 11
FirstEnergy Corp., Power, Deals Summary, 2010 to YTD 2016 12
FirstEnergy to Invest USD30 Million in Transmission Substation in Ohio, US 14
Potomac Edison Invests US$5.3 Million In Thurmont To Union Bridge Transmission Line In US 14
Monongahela Power Company To Acquire Harrison Coal Fired Power Station From Allegheny Energy For Upto US$1 Billion 15
FirstEnergy Merges With Allegheny Energy 15
Monongahela Power Raises USD600 Million in Private Placement Of 5.4% Bonds Due 2043 18
Monongahela Power Raises USD400 Million in Private Placement Of 4.1% Bonds Due 2024 19
Metropolitan Edison Completes Public Offering Of 3.517% Bonds Due 2023 For US$300 Million 20
FirstEnergy Generation Sells Two Natural Gas-Fired Peaking Plants To Richland-Stryker For US$80 Million 21
FirstEnergy Sells Fremont Energy Center For US$500 Million To American Municipal 21
FirstEnergy Generation Sells 100% Stake In Sumpter Plant To Wolverine Power 22
FirstEnergy Sells 6.6% Interest In Ohio Valley Electric To Wolverine Power 23
FirstEnergy Corp., Key Competitors 25
FirstEnergy Corp., Key Employees 26
FirstEnergy Corp., Subsidiaries 27

List of Figures
FirstEnergy Corp., Power, Deals by Type, 2010 to YTD 2016 1
FirstEnergy Corp., Power, Deals By Year, 2010 to YTD 2016 1
FirstEnergy Corp., Power, Deals By Region, 2010 to YTD 2016 1
FirstEnergy Corp., Power, Deals By Sector, 2010 to YTD 2016 1
FirstEnergy Corp., Power, Deals By Year, 2010 to YTD 2016 8
FirstEnergy Corp., Power, Deals by Type, 2010 to YTD 2016 9
FirstEnergy Corp., Power, Deals By Region, 2010 to YTD 2016 10
FirstEnergy Corp., Power, Deals by Sector, 2010 to YTD 2016 11


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