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

 Published On: Dec, 2017 |    No of Pages: 148 |  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. The company's regulated distribution companies form one of the nation's largest investor-owned electric systems. Its major electricity generating assets include coal-fired plants, nuclear plants, pumped-storage hydroelectric plants, oil&gas-fired 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 has operational presence in Midwest and Mid-Atlantic regions. 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 3
List of Tables 6
List of Figures 6
FirstEnergy Corp, Power, Deals By Year, 2011 to YTD 2017 7
FirstEnergy Corp, Power Deals By Type, 2011 to YTD 2017 8
FirstEnergy Corp, Power, Deals By Region, 2011 to YTD 2017 9
FirstEnergy Corp, Power, Deals By Sector, 2011 to YTD 2017 10
FirstEnergy Corp, Power, Deals Summary, 2011 to YTD 2017 11
FirstEnergy Corp, Power, Deal Details 13
Asset Purchase 13
Monongahela Power and Potomac Edison Plan to Acquire Coal Fired Power Plant in West Virginia, US from Allegheny Energy for USD195 Million 13
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 15
Monongahela Power Company To Acquire Harrison Coal Fired Power Station From Allegheny Energy For Upto US$1 Billion 16
Merger 17
FirstEnergy Merges With Allegheny Energy 17
Equity Offering 19
FirstEnergy Raises USD500 Million in Private Placement of Shares 19
Debt Offering 20
Pennsylvania Electric Raises USD300 Million in Public offering of 3.25% Bonds Due 2028 20
FirstEnergy Raises USD500 Million in Public Offering of 2.85% Notes Due 2022 21
FirstEnergy Raises USD1.5 Billion in Public Offering of 3.90% Notes Due 2027 22
FirstEnergy Raises USD1 Billion in Public Offering of 4.85% Notes Due 2047 23
Monongahela Power Raises USD250 Million in Public Offering of 3.55% Bonds Due 2027 24
Monongahela Power Raises USD600 Million in Private Placement Of 5.4% Bonds Due 2043 25
Monongahela Power Raises USD400 Million in Private Placement Of 4.1% Bonds Due 2024 26
Metropolitan Edison Completes Public Offering Of 3.517% Bonds Due 2023 For US$300 Million 27
Asset Transactions 28
Monongahela Power and Potomac Edison Plan to Acquire Coal Fired Power Plant in West Virginia, US from Allegheny Energy for USD195 Million 28
APV Renaissance Partners to Acquire Certain Assets at Hatfield's Ferry Power Station from FirstEnergy 29
First Energy Plans to Sell Pleasants Power Station in West Virginia, US 30
LS Power Equity Partners III to Acquire Stake in Six Power Generation Assets in US from FirstEnergy for USD825 Million 31
FirstEnergy to Sell Power Generation Assets in US for up to USD885 Million 32
FirstEnergy Corp - Key Competitors 33
FirstEnergy Corp - Key Employees 34
FirstEnergy Corp - Locations And Subsidiaries 35
Head Office 35
Other Locations & Subsidiaries 35
Recent Developments 37
Dec 11, 2017: FirstEnergy Pennsylvania Utilities File Plans to Purchase Electric Generation Supply Beginning in 2019 37
Dec 07, 2017: FirstEnergy Transmission Project in Northeast Ohio Nearing Completion 38
Dec 06, 2017: FirstEnergy announces completion of maintenance works at nine plants 39
Dec 01, 2017: FirstEnergy's Ohio Utilities File Proposal to Modernize Electric System and Prepare for Smart Technologies 40
Nov 17, 2017: FirstEnergy Helps Make Holiday Decorating Easy 41
Nov 16, 2017: Perry Nuclear Power Plant Marks 30 Years of Safe and Reliable Operation 42
Nov 14, 2017: Penn Power Completes Inspections and Maintenance Prior to Winter Weather 43
Nov 14, 2017: Penelec Completes Inspections and Maintenance Prior to Winter Weather 44
Nov 14, 2017: Potomac Edison Completes Inspections and Maintenance Prior to Winter Weather 45
Nov 14, 2017: JCP&L Completes Inspections and Maintenance Prior to Winter Weather 46
Nov 01, 2017: FirstEnergy Names Thomas Butcher External Affairs Manager for Eastern West Virginia 47
Nov 01, 2017: FirstEnergy Names Elizabeth Durr External Affairs Manager for Mon Power's Northern West Virginia Service Area 48
Nov 01, 2017: FirstEnergy Names Paul Thornton External Affairs Manager for Toledo Edison's Central and Southern Service Area 49
Nov 01, 2017: FirstEnergy Names Victor Coleman External Affairs Manager for Ohio Edison's Central Service Area 50
Oct 26, 2017: FirstEnergy Announces Third Quarter 2017 Results 51
Oct 25, 2017: Substation Upgrade to Benefit Penelec Customers in Jefferson and Indiana Counties 53
Oct 18, 2017: JCP&L Partners with Crystal Springs Resort and New Jersey Audubon to Enhance Bee, Butterfly and Bird Habitat 54
Oct 13, 2017: New Ohio House Bill aims to subsidize state's nuclear power plants 55
Oct 09, 2017: $576 Million in Economic Benefits Tied to Pumped Hydroelectric Storage Project in Virginia 56
Oct 05, 2017: Voters near FirstEnergy HQ, Davis-Besse and Perry nuclear plants reject bailouts 57
Oct 03, 2017: FirstEnergy Ohio Utilities Launch Request for Proposal for 2017 Solar and Renewable Energy Credits 58
Oct 02, 2017: FirstEnergy rebuilds electric transmission line in Western Pennsylvania 59
Sep 20, 2017: Restoration workforce triples in Southwest Florida with focus on Hurricane Irma's hardest-hit areas 60
Sep 19, 2017: Three FirstEnergy Pennsylvania Utilities Launch Request for Proposal for Solar Photovoltaic Alternative Energy Credits 62
Sep 15, 2017: More cracks in concrete at Ohio nuclear plant prompt repairs 63
Aug 22, 2017: US state Ohio's governor not supporting bailout for two aging nuclear plants 64
Jul 31, 2017: CRA announces auction process for FirstEnergy's Ohio utilities to procure full requirements service 65
Jul 27, 2017: FirstEnergy Announces Second Quarter 2017 Results 66
Jul 18, 2017: FirstEnergy Names Ebony Yeboah-Amankwah Vice President, Corporate Secretary, and Chief Ethics Officer 67
Jul 12, 2017: FirstEnergy Launches Grid Modernization Program in Pennsylvania 68
Jul 07, 2017: NRC to Conduct Open House to Discuss 2016 Performance of Davis -Besse Nuclear Power Plant 69
Jul 03, 2017: Thai Company Moves Ahead With Land Purchase For Petrochemical Plant 70
Jun 21, 2017: FirstEnergy Executive Vice President James H. Lash to Retire 71
Jun 14, 2017: FirstEnergy Completes Transmission Project in Huron County, Ohio 72
Jun 06, 2017: JCP&L Completes New Transmission Line Project in Monmouth County to Enhance Reliability for Customers 73
Jun 05, 2017: FirstEnergy Upgrading Transmission Line in Central Ohio 74
Apr 27, 2017: FirstEnergy Announces First Quarter 2017 Results 75
Apr 06, 2017: Senate Bill 128: Overcharging Ohio Consumers to Bail out FirstEnergy 76
Apr 05, 2017: FirstEnergy to Sell Portion of Former Hatfield's Ferry Power Station to APV Renaissance Partners 77
Mar 28, 2017: FirstEnergy to close three nuclear power plants in US by mid-2018 78
Mar 20, 2017: $166 Million in Infrastructure Projects Planned in Mon Power Area During 2017 to Enhance Electric System 79
Mar 10, 2017: FirstEnergy powers up new transmission line Ohio, US 81
Mar 07, 2017: $172 Million to be Spent in 2017 in The Illuminating Company Service Area to Strengthen Electric System 82
Mar 07, 2017: FirstEnergy to invest $235 Million in Infrastructure Projects in West Penn Power Area During 2017 to Enhance Electric System 83
Mar 07, 2017: FirstEnergy to invest $245 Million in 2017 in Met-Ed Service Area to Enhance Electric System 85
Mar 07, 2017: FirstEnergy to invest $128 Million in 2017 in Penn Power Service Area to Strengthen Electric System 86
Mar 07, 2017: FirstEnergy to invest $367 Million in 2017 in Penelec Service Area to Enhance Electric System 87
Mar 07, 2017: FirstEnergy Corp plans to either close or sell its Beaver Valley nuclear power plant in US 89
Mar 06, 2017: $135 Million in Infrastructure Projects Planned in Potomac Edison Area During 2017 to Enhance Electric System 90
Mar 06, 2017: $371 Million to be Spent in 2017 in Ohio Edison Service Area to Enhance Electric System 92
Mar 02, 2017: $113 Million to be Spent in 2017 in Toledo Edison Service Area to Help Strengthen Electric System 94
Feb 24, 2017: FirstEnergy Completes Demolition of Lake Shore Power Station 95
Feb 21, 2017: FirstEnergy Announces Fourth Quarter and Full Year 2016 Financial Results 96
Feb 21, 2017: Heisler, Kleisner and Novak to Conclude Service to FirstEnergy Board of Directors 98
Jan 25, 2017: FirstEnergy Names Ebony Yeboah-Amankwah as Vice President, State and Federal Regulatory Legal Affairs 99
Jan 18, 2017: FirstEnergy to Energize New Transmission Line in Pittsburgh's North Hills 100
Jan 17, 2017: Two Elected to FirstEnergy Board of Directors 101
Jan 16, 2017: FirstEnergy completes $30m transmission project in Ohio, US 102
Jan 04, 2017: FirstEnergy Transmission Line Rebuild Completed in Wood County 103
Dec 06, 2016: FirstEnergy Names Dan DeVille Director of External Affairs for The Illuminating Company and Toledo Edison Service Areas 104
Nov 29, 2016: FirstEnergy Announces New Plans for Sustainable Management of Bruce Mansfield Plant's Coal Combustion Residuals 105
Nov 04, 2016: FirstEnergy Announces Third Quarter Financial Results 106
Oct 19, 2016: Work Underway on New FirstEnergy Transmission Substation to Support Western Pennsylvania Shale Gas Industry 107
Oct 06, 2016: FirstEnergy transmission line rebuild underway in Fulton County 108
Oct 03, 2016: FirstEnergy Ohio Utilities Launch Request for Proposal for 2016 Solar and Renewable Energy Credits 109
Sep 22, 2016: FirstEnergy's Davis-Besse nuclear plant resumes electricity generation 110
Sep 13, 2016: FirstEnergy's Davis Besse nuclear plant turns offline due to unplanned outage 111
Aug 22, 2016: FirstEnergy to invest $238m on transmission infrastructure this year in West Virginia 112
Aug 15, 2016: $128 Million in Infrastructure Projects Planned in Potomac Edison Area During 2016 to Enhance Electric System 113
Jul 29, 2016: FirstEnergy Completes Demolition of R.E. Burger Power Station 114
Jul 28, 2016: FirstEnergy Announces Second Quarter 2016 Results, Provides Third Quarter and Full-Year 2016 Guidance 115
Jun 09, 2016: FirstEnergy Issues 2016 Sustainability Report Detailing Environmental Achievements and Community Support 116
Jun 07, 2016: FirstEnergy Names Ketan K. Patel Vice President, Corporate Secretary, and Chief Ethics Officer 117
Jun 03, 2016: FirstEnergy's Power Plants Prepared to Operate Reliably through High-Demand Summer Months 118
May 18, 2016: FirstEnergy and The Illuminating Company Prepare for 2016 Republican National Convention in Cleveland 119
May 17, 2016: Vespoli Elected Executive Vice President, Corporate Strategy, Regulatory Affairs, and Chief Legal Officer 120
Apr 26, 2016: FirstEnergy Announces First Quarter 2016 Results 121
Apr 26, 2016: Work continues on new FirstEnergy transmission line in West Virginia 122
Apr 15, 2016: FirstEnergy Ohio Utilities to Offer Energy Efficiency Programs to Help Customers Reduce Electric Use 123
Apr 14, 2016: FirstEnergy Launches Switch2Green4Free Offer 124
Apr 14, 2016: FirstEnergy's Switch2Green4Free Offer Showcased at EarthFest 125
Apr 06, 2016: Expansion of Hoytdale Substation in Wampum Underway 126
Mar 31, 2016: FirstEnergy Electric Security Plan Approved by Public Utilities Commission of Ohio 127
Mar 11, 2016: FirstEnergy Expanding Substation in Leroy Center to Enhance Reliability for Customers in Northeast Ohio 128
Mar 09, 2016: FirstEnergy's Bruce Mansfield coal power plant remains offline due to low energy prices 129
Feb 23, 2016: FirstEnergy Adds $15 Million to FirstEnergy Foundation 130
Feb 16, 2016: FirstEnergy Announces Fourth Quarter and Full Year 2015 Results 131
Feb 16, 2016: FirstEnergy's Pennsylvania Utilities Receive Approval for Infrastructure Improvement Plans 132
Feb 11, 2016: FirstEnergy halts Perry nuclear power plant for repair works 133
Feb 02, 2016: FirstEnergy Generation Fleet Achieves Reliable Operating Record in 2015 134
Feb 02, 2016: FirstEnergy Invested $131 Million in the Penn Power Service Area in 2015 to Enhance Electric System 135
Feb 02, 2016: FirstEnergy Invested $95 Million in 2015 in Met-Ed Service Area to Help Enhance Electric System 136
Feb 01, 2016: FirstEnergy Invested $257 Million in The Illuminating Company Service Area in 2015 to Enhance Electric System 137
Feb 01, 2016: FirstEnergy Invested $197 Million in 2015 in the Penelec Service Area to Help Enhance Electric System 138
Feb 01, 2016: FirstEnergy Invested $171 Million in 2015 in the West Penn Power Service Area to Enhance Electric System 139
Feb 01, 2016: FirstEnergy's Unit 1 at Davis-Besse nuclear power plant shuts down automatically 141
Jan 28, 2016: FirstEnergy invested $450m in Ohio Edison Service Area in 2015 142
Jan 28, 2016: FirstEnergy Invested $146 Million in the Toledo Edison Service Area in 2015 to Help Enhance Electric System 143
Jan 28, 2016: Accenture Helps FirstEnergy Identify More Than $450 Million in Cost Savings Over Three Years 144
Jan 27, 2016: FirstEnergy Invested $119 Million in the Potomac Edison Service Area in 2015 to Enhance Electric System 145
Jan 26, 2016: FirstEnergy Invested $227 Million in the Mon Power Service Area in 2015 to Help Enhance Electric System 146
Jan 19, 2016: Thomas N. Mitchell Elected to FirstEnergy Board of Directors 147
Appendix 148
Methodology 148
About GlobalData 148
Contact Us 148
Disclaimer 148

List of Tables
FirstEnergy Corp, Power, Key Facts, 2016 2
FirstEnergy Corp, Power, Deals Summary, 2011 to YTD 2017 2
FirstEnergy Corp, Power, Deals By Year, 2011 to YTD 2017 7
FirstEnergy Corp, Power Deals By Type, 2011 to YTD 2017 8
FirstEnergy Corp, Power, Deals By Region, 2011 to YTD 2017 9
FirstEnergy Corp, Deals By Sector, 2011 to YTD 2017 10
FirstEnergy Corp, Power, Deals Summary, 2011 to YTD 2017 11
Monongahela Power and Potomac Edison Plan to Acquire Coal Fired Power Plant in West Virginia, US from Allegheny Energy for USD195 Million 13
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 15
Monongahela Power Company To Acquire Harrison Coal Fired Power Station From Allegheny Energy For Upto US$1 Billion 16
FirstEnergy Merges With Allegheny Energy 17
FirstEnergy Raises USD500 Million in Private Placement of Shares 19
Pennsylvania Electric Raises USD300 Million in Public offering of 3.25% Bonds Due 2028 20
FirstEnergy Raises USD500 Million in Public Offering of 2.85% Notes Due 2022 21
FirstEnergy Raises USD1.5 Billion in Public Offering of 3.90% Notes Due 2027 22
FirstEnergy Raises USD1 Billion in Public Offering of 4.85% Notes Due 2047 23
Monongahela Power Raises USD250 Million in Public Offering of 3.55% Bonds Due 2027 24
Monongahela Power Raises USD600 Million in Private Placement Of 5.4% Bonds Due 2043 25
Monongahela Power Raises USD400 Million in Private Placement Of 4.1% Bonds Due 2024 26
Metropolitan Edison Completes Public Offering Of 3.517% Bonds Due 2023 For US$300 Million 27
Monongahela Power and Potomac Edison Plan to Acquire Coal Fired Power Plant in West Virginia, US from Allegheny Energy for USD195 Million 28
APV Renaissance Partners to Acquire Certain Assets at Hatfield's Ferry Power Station from FirstEnergy 29
First Energy Plans to Sell Pleasants Power Station in West Virginia, US 30
LS Power Equity Partners III to Acquire Stake in Six Power Generation Assets in US from FirstEnergy for USD825 Million 31
FirstEnergy to Sell Power Generation Assets in US for up to USD885 Million 32
FirstEnergy Corp, Key Competitors 33
FirstEnergy Corp, Key Employees 34
FirstEnergy Corp, Subsidiaries 35

List of Figures
FirstEnergy Corp, Power, Deals by Type, 2011 to YTD 2017 2
FirstEnergy Corp, Power, Deals By Year, 2011 to YTD 2017 2
FirstEnergy Corp, Power, Deals By Region, 2011 to YTD 2017 2
FirstEnergy Corp, Power, Deals By Sector, 2011 to YTD 2017 2
FirstEnergy Corp, Power, Deals By Year, 2011 to YTD 2017 7
FirstEnergy Corp, Power, Deals by Type, 2011 to YTD 2017 8
FirstEnergy Corp, Power, Deals By Region, 2011 to YTD 2017 9
FirstEnergy Corp, Power, Deals by Sector, 2011 to YTD 2017 10


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