Headquartered in Akron, Ohio, FirstEnergy is a forward-thinking electric utility powered by a diverse team of employees committed to making customers’ lives brighter, the environment better and communities stronger. Our subsidiaries are involved in the transmission, distribution and regulated generation of electricity.
FirstEnergy owns one of the largest transmission systems in the PJM Interconnection (PJM)—a region of interconnected electricity networks—with about 25,000 miles of lines connecting the Midwest and Mid-Atlantic regions. Modernizing the transmission system is essential to building a more resilient, reliable and lower-carbon grid. Through our Energizing the Future program, we have invested nearly $5.6 billion since 2014, with plans to invest another $1.2 billion per year through 2021 to upgrade our transmission system to ensure customers benefit from a smarter, stronger and more secure power grid for years to come.
Our 10 electric distribution companies form one of the nation’s largest investor-owned electric systems, serving 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York with more than 277,000 miles of distribution lines. Our distribution business strategy is to build a more dynamic, intelligent and secure network that modernizes the way energy is delivered and provides opportunities for enhancing customer-focused services. We are deploying smart grid technologies and evaluating other emerging technologies to modernize our distribution system and meet the evolving needs and expectations of our customers. We plan to invest up to $1.7 billion per year in our distribution operations from 2019 to 2021 to create a smarter grid and enhance system and service reliability.
In recent years, we have significantly reduced the size of our generation fleet. At our peak, we owned or controlled more than 23,000 MW of generating capacity. As environmental regulations and market conditions changed, the company made decisions to close older generating facilities, sell or retire other units and facilities, and eventually exit the competitive generation business. Accordingly, our generating fleet and associated CO2 emissions levels have been reduced significantly. Upon the completion of FirstEnergy Solutions’ (FES) bankruptcy and Pleasants Power Station transferring to FES, FirstEnergy’s generation fleet will include just two regulated, coal-fired facilities in West Virginia (the Harrison and Fort Martin power stations), and ownership interests in pumped-storage hydro facilities in Virginia (Bath County) and New Jersey (Yards Creek). Together, these four facilities have 3,779 MW of generating capacity.