METROPOLITAN EDISON COMPANY - Pennsylvania Public Utility ...
METROPOLITAN EDISON COMPANY - Pennsylvania Public Utility ...
METROPOLITAN EDISON COMPANY - Pennsylvania Public Utility ...
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III. AFFILIATE INTERESTSBackground - The Stratified Management and Operations Audit of Metropolitan EdisonCompany (Met-Ed), <strong>Pennsylvania</strong> Electric Company (Penelec), and <strong>Pennsylvania</strong>Power Company (Penn Power) (collectively referred to as the FirstEnergy <strong>Pennsylvania</strong>Companies or FE-PA Companies) conducted by the consulting firmBarrington-Wellesley Group, Inc. (BWG), released by the <strong>Pennsylvania</strong> <strong>Public</strong> <strong>Utility</strong>Commission (PUC or Commission) on March 1, 2007, at D-05MGT002, D-05MGT003and D-05MGT004, contained five recommendations in the Affiliate Interests section.BWG rated this functional area as needing moderate improvement. In this chapter, twoprior recommendations and prior situations are reviewed and two follow-up findings andtwo recommendations are presented.The FE-PA Companies are public utilities subject to regulation by the PUC andare owned by FirstEnergy Corp. (FirstEnergy). FirstEnergy is a registered public utilityholding company headquartered In Akron, Ohio which, in addition to Met-Ed andPenelec also directly owns the electric distribution companies (EDCs) Ohio EdisonCompany (Ohio Edison), Jersey Central Power & Light Company, The ClevelandElectric Illuminating Company, and The Toledo Edison Company. Penn Power is adirect subsidiary of Ohio Edison. FirstEnergy is also the parent company of AmericanTransmission Systems, Inc. that owns and operates transmission facilities and issubject to regulation by the Federal Energy Regulatory Commission (FERC) (Refer toFollow-up Finding and Conclusion No. VII-1 in Chapter VII Operations). FirstEnergyalso owns several unregulated generation companies and competitive energy supplycompanies. FirstEnergy Service Company, a direct subsidiary to FirstEnergy, providesthe following services to affiliates:• Executive Management – Chairman, President & CEO, and ExecutiveVice President, FirstEnergy Utilities• Energy Delivery & Customer Service• <strong>Utility</strong> Operations• Customer Services & Energy Efficiency• <strong>Utility</strong> Support• FERC Policy & Compliance• Energy Policy• Finance, Strategic Planning & Operations• Rates & Regulatory Affairs• Information Technology• Supply Chain• Business Development/Performance & Management• Controller• Treasury• Corporate Risk• Internal Auditing• Legal• Real Estate, Record Management- 18 -