FirstEnergy Corp. CEO Steven Strah announced Tuesday that the company is considering combining its three Ohio utilities – Ohio Edison, Cleveland Electric Illuminating Company and Toledo Edison – and its three Pennsylvania utilities "from a legal and financial perspective." COLUMBUS, Ohio —
FirstEnergy CEO Steve Strah, speaking during the company’s annual meeting held online, says the company is “beginning a longer-term review to consider the possible benefits of combining our Ohio utilities, as well as those in Pennsylvania, from a legal and financial perspective.” FirstEnergy’s three Ohio utilities serve approximately 2 million customers, mainly in Northern Ohio, according to the utilities’ websites. The company’s three Pennsylvania utilities -- West Penn Power, Penelec, and Met-Ed -- deliver power to about 1.9 million customers.
Economies of scale.
Is Ohio corruption mentioned in this piece? Find out:
“Let’s combine our corruption so that we’re unstoppable”
Let’s get green sources please we will die