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What is Ohio Edison Electric?
Ohio Edison is one of the divisions of First Energy to provide electric services in Ohio. It was evolved from Ohio Edison, which was an electric utility and remained in operation until 1997 before being dissolved in First Energy through Centerior. Its namesake was founded in 1930 through the merger of 200 utilities and by 1950; it owned Pennsylvania Power Company and the Ohio Edison Company. Later on the shares of Ohio Edison were put on NYSE under the stock symbol, OEC. In 1997, it was merged with Centerior Energy Corporation to form its current structure, First Energy in 1997. Ohio Edison also provides its various services online such as subscription and customer care.
About First Energy and Its Operations
Coming to Ohio's Edison's predecessor, First Energy is an American company based in Akron, Ohio and belonging to the generation and distribution of electricity its operating territories in Ohio, New Jersey and Pennsylvania. Its operations are carried out by its ten subsidiaries such as Ohio Edison, The Illuminating Company, Jersey Central Power and Light, Penn Power, and Met-ED. First Energy has the staff of over 17,000 employees and its services have been subscribed to over 4.5 million people. It’s all generation facility has the capacity to generate over 23,000 megawatts of electricity which are delivered through 1,94,000 miles long transmission lines. First Energy is counted among one of the largest companies in the USA. It publicly trades on NYSE under the stock symbol, FE and is the constituent of S and P. First Energy was come into existence in 1997 and is composed of various electric utilities such as Ohio Edison, Centerior, GPU, and Allegheny Energy.