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

 Published On: Aug, 2017 |    No of Pages: 116 |  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
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 14
Monongahela Power Company To Acquire Harrison Coal Fired Power Station From Allegheny Energy For Upto US$1 Billion 15
Merger 16
FirstEnergy Merges With Allegheny Energy 16
Equity Offering 18
FirstEnergy Raises USD500 Million in Private Placement of Shares 18
Debt Offering 19
FirstEnergy Raises USD500 Million in Public Offering of 2.85% Notes Due 2022 19
FirstEnergy Raises USD1.5 Billion in Public Offering of 3.90% Notes Due 2027 20
FirstEnergy Raises USD1 Billion in Public Offering of 4.85% Notes Due 2047 21
Monongahela Power Raises USD250 Million in Public Offering of 3.55% Bonds Due 2027 22
Monongahela Power Raises USD600 Million in Private Placement Of 5.4% Bonds Due 2043 23
Monongahela Power Raises USD400 Million in Private Placement Of 4.1% Bonds Due 2024 24
Metropolitan Edison Completes Public Offering Of 3.517% Bonds Due 2023 For US$300 Million 25
Asset Transactions 26
APV Renaissance Partners to Acquire Certain Assets at Hatfield's Ferry Power Station from FirstEnergy 26
First Energy Plans to Sell Pleasants Power Station in West Virginia, US 27
LS Power Equity Partners III to Acquire Power Generation Assets in US from FirstEnergy for USD925 Million 28
FirstEnergy to Sell Power Generation Assets in US for up to USD885 Million 29
FirstEnergy Corp. - Key Competitors 30
FirstEnergy Corp. - Key Employees 31
FirstEnergy Corp. - Locations And Subsidiaries 32
Head Office 32
Other Locations & Subsidiaries 32
Recent Developments 34
Jul 27, 2017: FirstEnergy Announces Second Quarter 2017 Results 34
Jul 18, 2017: FirstEnergy Names Ebony Yeboah-Amankwah Vice President, Corporate Secretary, and Chief Ethics Officer 35
Jul 12, 2017: FirstEnergy Launches Grid Modernization Program in Pennsylvania 36
Jul 07, 2017: NRC to Conduct Open House to Discuss 2016 Performance of Davis -Besse Nuclear Power Plant 37
Jul 03, 2017: Thai Company Moves Ahead With Land Purchase For Petrochemical Plant 38
Jun 21, 2017: FirstEnergy Executive Vice President James H. Lash to Retire 39
Jun 14, 2017: FirstEnergy Completes Transmission Project in Huron County, Ohio 40
Jun 06, 2017: JCP&L Completes New Transmission Line Project in Monmouth County to Enhance Reliability for Customers 41
Jun 05, 2017: FirstEnergy Upgrading Transmission Line in Central Ohio 42
Apr 27, 2017: FirstEnergy Announces First Quarter 2017 Results 43
Apr 06, 2017: Senate Bill 128: Overcharging Ohio Consumers to Bail out FirstEnergy 44
Apr 05, 2017: FirstEnergy to Sell Portion of Former Hatfield's Ferry Power Station to APV Renaissance Partners 45
Mar 28, 2017: FirstEnergy to close three nuclear power plants in US by mid-2018 46
Mar 20, 2017: $166 Million in Infrastructure Projects Planned in Mon Power Area During 2017 to Enhance Electric System 47
Mar 10, 2017: FirstEnergy powers up new transmission line Ohio, US 49
Mar 07, 2017: $172 Million to be Spent in 2017 in The Illuminating Company Service Area to Strengthen Electric System 50
Mar 07, 2017: FirstEnergy to invest $235 Million in Infrastructure Projects in West Penn Power Area During 2017 to Enhance Electric System 51
Mar 07, 2017: FirstEnergy to invest $245 Million in 2017 in Met-Ed Service Area to Enhance Electric System 53
Mar 07, 2017: FirstEnergy to invest $128 Million in 2017 in Penn Power Service Area to Strengthen Electric System 54
Mar 07, 2017: FirstEnergy to invest $367 Million in 2017 in Penelec Service Area to Enhance Electric System 55
Mar 07, 2017: FirstEnergy Corp plans to either close or sell its Beaver Valley nuclear power plant in US 57
Mar 06, 2017: $135 Million in Infrastructure Projects Planned in Potomac Edison Area During 2017 to Enhance Electric System 58
Mar 06, 2017: $371 Million to be Spent in 2017 in Ohio Edison Service Area to Enhance Electric System 60
Mar 02, 2017: $113 Million to be Spent in 2017 in Toledo Edison Service Area to Help Strengthen Electric System 62
Feb 24, 2017: FirstEnergy Completes Demolition of Lake Shore Power Station 63
Feb 21, 2017: FirstEnergy Announces Fourth Quarter and Full Year 2016 Financial Results 64
Feb 21, 2017: Heisler, Kleisner and Novak to Conclude Service to FirstEnergy Board of Directors 66
Jan 25, 2017: FirstEnergy Names Ebony Yeboah-Amankwah as Vice President, State and Federal Regulatory Legal Affairs 67
Jan 18, 2017: FirstEnergy to Energize New Transmission Line in Pittsburgh's North Hills 68
Jan 17, 2017: Two Elected to FirstEnergy Board of Directors 69
Jan 16, 2017: FirstEnergy completes $30m transmission project in Ohio, US 70
Jan 04, 2017: FirstEnergy Transmission Line Rebuild Completed in Wood County 71
Dec 06, 2016: FirstEnergy Names Dan DeVille Director of External Affairs for The Illuminating Company and Toledo Edison Service Areas 72
Nov 29, 2016: FirstEnergy Announces New Plans for Sustainable Management of Bruce Mansfield Plant's Coal Combustion Residuals 73
Nov 04, 2016: FirstEnergy Announces Third Quarter Financial Results 74
Oct 19, 2016: Work Underway on New FirstEnergy Transmission Substation to Support Western Pennsylvania Shale Gas Industry 75
Oct 06, 2016: FirstEnergy transmission line rebuild underway in Fulton County 76
Oct 03, 2016: FirstEnergy Ohio Utilities Launch Request for Proposal for 2016 Solar and Renewable Energy Credits 77
Sep 22, 2016: FirstEnergy's Davis-Besse nuclear plant resumes electricity generation 78
Sep 13, 2016: FirstEnergy's Davis Besse nuclear plant turns offline due to unplanned outage 79
Aug 22, 2016: FirstEnergy to invest $238m on transmission infrastructure this year in West Virginia 80
Aug 15, 2016: $128 Million in Infrastructure Projects Planned in Potomac Edison Area During 2016 to Enhance Electric System 81
Jul 29, 2016: FirstEnergy Completes Demolition of R.E. Burger Power Station 82
Jul 28, 2016: FirstEnergy Announces Second Quarter 2016 Results, Provides Third Quarter and Full-Year 2016 Guidance 83
Jun 09, 2016: FirstEnergy Issues 2016 Sustainability Report Detailing Environmental Achievements and Community Support 84
Jun 07, 2016: FirstEnergy Names Ketan K. Patel Vice President, Corporate Secretary, and Chief Ethics Officer 85
Jun 03, 2016: FirstEnergy's Power Plants Prepared to Operate Reliably through High-Demand Summer Months 86
May 18, 2016: FirstEnergy and The Illuminating Company Prepare for 2016 Republican National Convention in Cleveland 87
May 17, 2016: Vespoli Elected Executive Vice President, Corporate Strategy, Regulatory Affairs, and Chief Legal Officer 88
Apr 26, 2016: FirstEnergy Announces First Quarter 2016 Results 89
Apr 26, 2016: Work continues on new FirstEnergy transmission line in West Virginia 90
Apr 15, 2016: FirstEnergy Ohio Utilities to Offer Energy Efficiency Programs to Help Customers Reduce Electric Use 91
Apr 14, 2016: FirstEnergy Launches Switch2Green4Free Offer 92
Apr 14, 2016: FirstEnergy's Switch2Green4Free Offer Showcased at EarthFest 93
Apr 06, 2016: Expansion of Hoytdale Substation in Wampum Underway 94
Mar 31, 2016: FirstEnergy Electric Security Plan Approved by Public Utilities Commission of Ohio 95
Mar 11, 2016: FirstEnergy Expanding Substation in Leroy Center to Enhance Reliability for Customers in Northeast Ohio 96
Mar 09, 2016: FirstEnergy's Bruce Mansfield coal power plant remains offline due to low energy prices 97
Feb 23, 2016: FirstEnergy Adds $15 Million to FirstEnergy Foundation 98
Feb 16, 2016: FirstEnergy Announces Fourth Quarter and Full Year 2015 Results 99
Feb 16, 2016: FirstEnergy's Pennsylvania Utilities Receive Approval for Infrastructure Improvement Plans 100
Feb 11, 2016: FirstEnergy halts Perry nuclear power plant for repair works 101
Feb 02, 2016: FirstEnergy Generation Fleet Achieves Reliable Operating Record in 2015 102
Feb 02, 2016: FirstEnergy Invested $131 Million in the Penn Power Service Area in 2015 to Enhance Electric System 103
Feb 02, 2016: FirstEnergy Invested $95 Million in 2015 in Met-Ed Service Area to Help Enhance Electric System 104
Feb 01, 2016: FirstEnergy Invested $257 Million in The Illuminating Company Service Area in 2015 to Enhance Electric System 105
Feb 01, 2016: FirstEnergy Invested $197 Million in 2015 in the Penelec Service Area to Help Enhance Electric System 106
Feb 01, 2016: FirstEnergy Invested $171 Million in 2015 in the West Penn Power Service Area to Enhance Electric System 107
Feb 01, 2016: FirstEnergy's Unit 1 at Davis-Besse nuclear power plant shuts down automatically 109
Jan 28, 2016: FirstEnergy invested $450m in Ohio Edison Service Area in 2015 110
Jan 28, 2016: FirstEnergy Invested $146 Million in the Toledo Edison Service Area in 2015 to Help Enhance Electric System 111
Jan 28, 2016: Accenture Helps FirstEnergy Identify More Than $450 Million in Cost Savings Over Three Years 112
Jan 27, 2016: FirstEnergy Invested $119 Million in the Potomac Edison Service Area in 2015 to Enhance Electric System 113
Jan 26, 2016: FirstEnergy Invested $227 Million in the Mon Power Service Area in 2015 to Help Enhance Electric System 114
Jan 19, 2016: Thomas N. Mitchell Elected to FirstEnergy Board of Directors 115
Appendix 116
Methodology 116
About GlobalData 116
Contact Us 116
Disclaimer 116

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
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 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 16
FirstEnergy Raises USD500 Million in Private Placement of Shares 18
FirstEnergy Raises USD500 Million in Public Offering of 2.85% Notes Due 2022 19
FirstEnergy Raises USD1.5 Billion in Public Offering of 3.90% Notes Due 2027 20
FirstEnergy Raises USD1 Billion in Public Offering of 4.85% Notes Due 2047 21
Monongahela Power Raises USD250 Million in Public Offering of 3.55% Bonds Due 2027 22
Monongahela Power Raises USD600 Million in Private Placement Of 5.4% Bonds Due 2043 23
Monongahela Power Raises USD400 Million in Private Placement Of 4.1% Bonds Due 2024 24
Metropolitan Edison Completes Public Offering Of 3.517% Bonds Due 2023 For US$300 Million 25
APV Renaissance Partners to Acquire Certain Assets at Hatfield's Ferry Power Station from FirstEnergy 26
First Energy Plans to Sell Pleasants Power Station in West Virginia, US 27
LS Power Equity Partners III to Acquire Power Generation Assets in US from FirstEnergy for USD925 Million 28
FirstEnergy to Sell Power Generation Assets in US for up to USD885 Million 29
FirstEnergy Corp., Key Competitors 30
FirstEnergy Corp., Key Employees 31
FirstEnergy Corp., Subsidiaries 32

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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