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March 27, 2015 7:16 PM ET

Electric Utilities

Company Overview of FirstEnergy Solutions Corp.

Company Overview

FirstEnergy Solutions Corp. provides energy-related products and services to wholesale and retail customers. It owns, leases, operates, and maintains fossil and hydroelectric generation facilities, as well as owns nuclear generation facilities. The company offers its products and services in Ohio, Pennsylvania, Illinois, Michigan, New Jersey, and Maryland. The company was founded in 1997 and is based in Akron, Ohio. FirstEnergy Solutions Corp. is a subsidiary of FirstEnergy Corp.

76 South Main Street

Akron, OH 44308

United States

Founded in 1997

143 Employees



Key Executives for FirstEnergy Solutions Corp.

Principal Executive Officer and President
Age: 52
Chief Financial Officer, Senior Vice President and Director
Age: 60
Principal Accounting Officer, Vice President and Controller
Age: 40
Chief Legal Officer and Executive Vice President of Markets
Age: 55
Executive Vice President of Finance & Strategy and Director
Age: 63
Compensation as of Fiscal Year 2014.

FirstEnergy Solutions Corp. Key Developments

FirstEnergy Solutions Corp. to Lay Off 70 Salespeople

FirstEnergy Solutions Corp. is laying off 70 salespeople as the company moves away from selling electricity to medium-sized companies. The layoffs are set for August 20, 2014.

Aurora Township Selects FirstEnergy Solutions to Supply its Residents and Small Businesses with 100% Green Power for 16-Month Term

Aurora Township selected FirstEnergy Solutions to supply its residents and small businesses with 100% green power for a 16-month term. Through this program, participants will receive a low fixed price of 4.804 cents per kilowatt-hour (kWh) on 100% green electric generation.

FirstEnergy Corp. Announces Expiration of the Cash Tender Offer for FirstEnergy Solutions Corp. 6.05% Senior Notes Due 2021

FirstEnergy Corp. announced the expiration of the previously announced cash tender offer for the 6.05% Senior Notes due 2021 issued by FirstEnergy Solutions Corp. pursuant to the Offer to Purchase, dated February 28, 2013. The Offer expired at 11:59 p.m., EDT, on March 27, 2013 (such time and date, the Expiration Date). According to information provided by Bondholder Communications Group, LLC, the Information and Tender Agent, for the Offer, as of the Expiration Date, the aggregate principal amount of the Notes validly tendered and not validly withdrawn pursuant to the Offer was $252,695,000, comprising 43.2% of the Notes outstanding. All Notes validly tendered and not validly withdrawn in the Offer prior to the Expiration Date have been accepted for purchase. FES expects to make payment for the Notes in same-day funds today, March 28, 2013. Holders of Notes that validly tendered and did not validly withdraw their Notes by 5:00 p.m., EDT, on March 13, 2013 (the "Early Tender Date"), and whose Notes were accepted for purchase are entitled to receive the previously announced Total Consideration of $1,189.71 per $1,000 principal amount of Notes, plus accrued and unpaid interest to, but excluding the date of settlement. Holders of Notes that validly tendered their notes after the Early Tender Date and on or before the Expiration Date, and whose Notes were accepted for purchase, are entitled to receive the previously announced Tender Offer Consideration of $1,139.71 per $1,000 principal amount of Notes, plus accrued and unpaid interest up to, but excluding, the date of settlement.

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