Research Paper

• Our project is about First Energy Corporation and the Blackout of 2003.

• First Energy was formed due to the merger of Ohio Edison Company and Centerior Energy Corporation in 1997.

• This merger created the 11th largest electric utility company in the nation with approximately $20 billion in assets, 10,000 employees and servicing 2.2 million customers in a 13,200 square mile territory

• First energy corporation is the majority shareholder of over ten different subsidiaries.

• First energy has the majority control of many of their subsidiaries which include: Ohio Edison, Cleveland Electric illuminating company, Toledo Edison, Jersey Central Power and Light and Penn Power.

• First Energy and its subsidiaries operate as part of the ECAR power grid in the eastern connection.

• In 2004 Anthony J. Alexander was named CEO.

• In 2011 he stated First Energy's vision as, "To be a leading regional energy provider, recognized for operational excellence, outstanding customer service and our commitment to safety; the choice for long-term growth, investment value and financial strength; and a company driven by the leadership, skills, diversity, and character of our employees. "

• In 2001, First Energy merged with GPU, Inc., which was the owner of Jersey Central Power and Light Company, Pennsylvania Electric Company, and Metropolitan Edison Company.

• At that time, GPU serviced 4.3 million customers within a 24,000 square mile territory.

• As a result of this merger, First Energy and its subsidiaries transmitted and distributed electricity to over 4 million customers within a 36,000 square mile area consisting of Ohio, Pennsylvania, New Jersey and New York.

• Since then First Energy has