August 21, 2014 11:43 AM ET

Electric Utilities

Company Overview of The Cleveland Electric Illuminating Company

Company Overview

The Cleveland Electric Illuminating Company operates an electric distribution system in Ohio. The company provides electric services to residential, commercial, and industrial customers. As of May 29, 2014, it served approximately 750,000 customers across Ashtabula, Cuyahoga, Geauga, Lake, and Lorain counties. The company was founded in 1881 and is based in Akron, Ohio. The Cleveland Electric Illuminating Company is a subsidiary of FirstEnergy Corp.

76 South Main Street

Akron, OH 44308

United States

Founded in 1881

Key Executives for The Cleveland Electric Illuminating Company

Principal Executive Officer
Age: 58
Chief Financial Officer and Senior Vice President
Age: 60
Regional President
Age: 55
Executive Vice President and General Counsel
Age: 55
Executive Vice President of Finance and Strategy
Age: 63
Compensation as of Fiscal Year 2014.

The Cleveland Electric Illuminating Company Key Developments

The Cleveland Electric Illuminating Company Invests in New Service Vehicles

The Cleveland Electric Illuminating Company (CEI) is investing more than $12 million in 105 new vehicles for line crews and other front-line service employees across its service territory. The new vehicles replace many vehicles more than a decade old. More than half of the new vehicles will be bucket and digger derrick trucks that are expected to enhance the safety of crews in the field and help deliver quality service to customers. In total, CEI maintains a fleet of approximately 1,200 vehicles. The new vehicles are part of a $110 million investment in vehicles being made by FirstEnergy Corp. FirstEnergy expects to purchase nearly 850 vehicles before the end of the year.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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