FIRSTENERGY CORP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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Item 2. PROPERTIES
The first mortgage indentures for the Ohio Companies, FE PA, MP and PE constitute direct first liens on substantially all of the respective physical property, subject only to excepted encumbrances, as defined in the first mortgage indentures. The outstanding debt under the FMBs of specific FE PA predecessors (WP and Penn) were assumed by FE PA in connection with the PA Consolidation. See Note 12, "Capitalization," of the Notes to Consolidated Financial Statements for information concerning financing encumbrances affecting certain of the Electric Companies' properties.
FirstEnergy controls the following generation sources as of December 31, 2024, shown in the table below, and operates in the PJM Region. Except for the OVEC participation referenced in the footnotes to the table, the Integrated segment generating units are owned by MP.
| Plant (Location) | Unit | Total | Corporate / Other | Integrated | Total | Corporate / Other | Integrated |
|---|---|---|---|---|---|---|---|
| Net Maximum Capacity (MW) · Net Generation for the year ended December 31, 2024(3) (Thousand MWh) | |||||||
| Coal-fired: | |||||||
| Harrison Power Station (Haywood, WV) | 1-3 | 1,984 | — | 1,984 | 10,618 | — | 10,618 |
| Fort Martin Power Station (Maidsville, WV) | 1-2 | 1,098 | — | 1,098 | 3,860 | — | 3,860 |
| OVEC (Cheshire, OH) (Madison, IN)(1) | 1-11 | 78 | 67 | 11 | 350 | 301 | 49 |
| 3,160 | 67 | 3,093 | 14,828 | 301 | 14,527 | ||
| Pumped-storage Hydro: | |||||||
| Bath County Pumped Storage Station (Warm Springs, VA)(2) | 1-6 | 487 | — | 487 | 990 | — | 990 |
| Solar | |||||||
| Fort Martin Solar (Maidsville, WV) | 19 | — | 19 | 28 | — | 28 | |
| Rivesville Solar (Rivesville, WV) | 5 | — | 5 | 2 | — | 2 | |
| 24 | — | 24 | 30 | — | 30 | ||
| Total | 3,671 | 67 | 3,604 | 15,848 | 301 | 15,547 | |
(1) Represents AE Supply's 3.01% and MP's 0.49% entitlement based on their participation in OVEC.
(2) Represents AGC's 16.25% undivided interest in Bath County. The station is operated by VEPCO.
(3)Each plant is net of station use, except for Bath County, which is shown gross of pumping usage.
MP and PE are constructing 50 MWs of solar generation at five sites in West Virginia. The WVPSC approved the construction of three of the five solar sites. The first solar generation site, Fort Martin Solar, located in Maidsville, West Virginia, was completed and placed in-service on January 8, 2024, representing 19 MWs of capacity. The second solar generation site, Rivesville Solar, located in Rivesville, West Virginia, went into service on September 25, 2024. Construction of the remaining three sites, once completed, are expected to provide 26 MWs of additional net maximum generation capacity.
As of December 31, 2024, FirstEnergy’s distribution and transmission circuit miles are located in PJM and were as follows:
| DistributionLine Miles(1) | TransmissionLine Miles | |
|---|---|---|
| ATSI | — | 7,964 |
| CEI | 31,855 | — |
| FE PA(2)(3) | 82,467 | 2,623 |
| JCP&L | 24,781 | 2,609 |
| KATCo(3) | — | 1,696 |
| MAIT | — | 4,287 |
| MP | 23,036 | 2,607 |
| OE | 54,760 | — |
| PE | 20,253 | 2,088 |
| TE | 15,092 | — |
| TrAIL | — | 269 |
| Total | 252,244 | 24,143 |
(1)Includes overhead pole line and underground conduit carrying primary, secondary and street lighting circuits.
(2) On January 1, 2024, FirstEnergy consolidated the Pennsylvania Companies into FE PA, making it a new, single operating entity.
(3) On January 1, 2024, WP's Pennsylvania-based transmission assets of 115 kV and above were transferred to KATCo, while the remaining transmission assets below 115 kV continue to be held by FE PA.
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