July 25, 2014 3:34 AM ET

Electric Utilities

Company Overview of FirstEnergy Generation, LLC

Company Overview

FirstEnergy Generation, LLC owns and operates non-nuclear generating facilities in the United States. The company generates, transmits, and distributes electricity. It owns and operates fossil and hydroelectric generating facilities. The company was incorporated in 2000 and is based in Akron, Ohio. FirstEnergy Generation, LLC operates as a subsidiary of FirstEnergy Solutions Corp.

76 South Main Street

Akron, OH 44308

United States

Founded in 2000

Phone:

330-384-4595

Fax:

330-384-3772

Key Executives for FirstEnergy Generation, LLC

President
Age: 63
Chief Financial Officer and Executive Vice President
Age: 63
Principal Executive Officer of FES and President of FES
Age: 58
Senior Vice President of Corporate Services and Chief Information Officer
Age: 60
Senior Vice President and Treasurer
Age: 60
Compensation as of Fiscal Year 2014.

FirstEnergy Generation, LLC Key Developments

FirstEnergy Subsidiaries Apply for Authorization to Sell Eleven Hydroelectric Power Stations to Harbor Hydro Holdings

FirstEnergy Corp. announced that its subsidiaries have applied for authorization from the Federal Energy Regulatory Commission (FERC) to sell 11 hydroelectric power stations in Pennsylvania, Virginia and West Virginia to Harbor Hydro Holdings, LLC, a subsidiary of LS Power Equity Partners II, LP. A sales agreement was reached on August 23, 2013 and if approved, the proposed transaction is expected to close in the fourth quarter of 2013. The agreement is subject to customary and other closing conditions, including FERC, the Commonwealth of Virginia's State Corporation Commission and various other approvals. The hydroelectric power stations included in this proposed sale are owned by FirstEnergy Generation, LLC, Allegheny Energy Supply Company, LLC and Green Valley Hydro, LLC and have a total capacity of 527 megawatts, which represents less than 3% of FirstEnergy's generation fleet output.

Federal Energy Regulatory Commission Issues Order to FirstEnergy Generation, LLC on Notice of Succession

The U.S. Department of Energy's Federal Energy Regulatory Commission issued the following order: On January 22, 2013, FirstEnergy Generation, LLC (FE Genco) filed a revised market-based rate tariff to incorporate a name change. FirstEnergy Generation Corp. (FE Gencorp) was converted from a corporation to a domestic for-profit limited liability company, and the revised tariff reflects the name change from FE Gencorp to FE Genco. Pursuant to the authority delegated to the Director, Division of Electric Power Regulation - West, under 18 C.F.R. section 375.307, the company submittal filed in the referenced docket is accepted for filing, effective December 23, 2012, as requested.

Firstenergy Generation Corp. Announces Executive Changes

FirstEnergy Corp. announced that Fred von Ahn, formerly vice president, North Fleet Operations, for its Firstenergy Generation Corp, has been promoted, effective January 1, 2013, to vice president, Central Fleet Operations. Von Ahn succeeds Frank Lubich, who has elected to retire after more than 35 years with the company. In 2009, he was named director, Bruce Mansfield Plant, in Shippingport, Pa., and was promoted to vice president, North Fleet Operations, in 2011.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 4, 2013
Eleven Hydroelectric Power Stations in Pennsylvania, Virginia and West Virginia
 

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