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8 8  * The company runs substantially all of its businesses through its subsidiaries. There are many running and closed subsidiaries of the company. Mainly, the company runs ten regulated distribution subsidiaries.
9 9  * The infrastructure of the company includes 269,000 miles of distribution lines; transmission operations include over 24,000 miles of transmission lines and two regional transmission operation centers.
10 10  * For the first three months ended on March 31, 2023, the company has reported total revenue of $3,231 million which was $2,989 million for the same quarter a year earlier. Operating profit during the first quarter of 2023 is $551 million as compared to $559 million during the same period a year earlier. Earnings attributable to FirstEnergy is $292 million and $288 million for the periods, respectively - an increase of $4 million.
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11 +* During the year 2022, the company has generated a total revenue of $12,459 million as compared to $11,132 million a year earlier, an increase of $1,327 million. Total operating income of the company has been $1,910 million as compared to $1,726 million, an increase of $184 million over the year. Net income attributable to FE in 2022 is $406 million compared to $1,283 million a year earlier, a decrease of $877 million.
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15 15  = Brief Company Summary =
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17 17  FirstEnergy Corp (NYSE:FE) is an American holding company that operates in electric utility industry and is involved in the transmission, distribution, and generation of electricity. The company serves over six million customers in the Midwest and Mid-Atlantic regions. FirstEnergy is a holding company with its primary assets being its subsidiaries. Substantially all the businesses are conducted by the subsidiaries as well. FirstEnergy’s 10 regulated distribution companies form one of the nation’s largest investor-owned electric systems. The infrastructure of the company includes 269,000 miles of distribution lines; transmission operations include over 24,000 miles of transmission lines and two regional transmission operation centers. The 10 subsidiaries of the company are Ohio Edison (OE), The Cleveland Electric Illuminating Company (CEI), Toledo Edison (TE), Met-Ed (ME), Penelec, Penn Power (PE), West Penn Power (WP), Jersey Central Power & Light (JCP&L), Mon Power (MP), and Potomac Edison (PE). However, apart from these subsidiaries, the company has more subsidiaries (in some cases under the ownership of other subsidiaries).
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