FirstEnergy

FirstEnergy Corp. is a diversified energy company based in Akron, Ohio, engaged in the generation, transmission, and distribution of electricity across the United States. The company operates through regulated distribution and transmission segments, managing a portfolio that includes coal, nuclear, hydroelectric, natural gas, wind, and solar power facilities. FirstEnergy serves approximately six million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York, with an extensive infrastructure of 24,486 circuit miles of transmission lines and 269,691 miles of distribution lines. The company is recognized as one of the largest investor-owned electric systems in the nation, with its generation subsidiaries controlling over 14,000 megawatts of capacity. Founded in 1996, FirstEnergy is committed to providing energy management and related services to its retail and wholesale customers.

Stephen J. Avila

Vice President of Customer Care

Amanda Mertens Campbell

Vice President, External Affairs

John Combs

Senior Vice President

Michael Dowling

Senior Vice President, External Affairs

Charles Lasky

Executive and Senior Vice President

Abigail Phillips

Vice President and Chief Risk Officer

Wade Smith

President

Jon Taylor

CFO and Strategy and Senior Vice President

Toby L. Thomas

COO

Brian Tierney

President, CEO and Board Member

8 past transactions

UBIZ Venture Capital

Corporate Round in 2022
UBIZ Venture Capital (UVC) is a specially designed platform aimed at providing equal opportunities to small businesses that have been historically underserved or disadvantaged. UVC achieves this by offering comprehensive pre-loan counseling and technical training, which are integral components of its service delivery model. The primary objective of UVC is to empower small businesses with the necessary knowledge and resources to compete and grow in their respective industries while also granting access to capital.

Allegheny Energy

Acquisition in 2011
Allegheny Energy, Inc. owns & operates electric generation facilities & delivers electric services.

Perfect Commerce

Venture Round in 2005
Perfect Commerce offers software-as-a-service (SaaS) spend management solutions and an open supplier network aimed at small and medium-sized organizations. Its product suite includes PerfectSource, which focuses on effective supply management; PerfectProcure, which controls the procure-to-pay process; and PerfectShop, which improves visibility of approved goods and services. The company also provides PerfectServices, which specializes in procurement operations by identifying organizational needs and analyzing spend and marketplace data. Additionally, Perfect Commerce features an Open Supplier Network that connects buyers and suppliers to streamline B2B transactions. The company serves a diverse range of industries, including chemicals, retail, energy, financial services, healthcare, hospitality, food products, education, manufacturing, technology, and transportation.

Powerspan

Venture Round in 2003
Founded in 1994 as Zero Emissions Technology and later renamed Powerspan Corp, Powerspan initially provided technology to control particulate emissions from coal-fired, electric power plants. As compliance deadlines of the Clean Air Act Acid Rain Program approached, Powerspan recognized the growing importance of a multi-pollutant solution for controlling emissions of sulfur dioxide (SO2) and nitrogen oxides (NOx) in addition to particulate emissions. Standard technology generally addresses each pollutant individually, necessitating the installation of separate, costly devices, requiring large spaces not always available on space-constrained sites that are typical of existing power plants. Powerspan sought to develop an integrated approach to achieve multi-pollutant reductions at a lower cost than commercially available systems, enabling power plant owners to meet existing and future environmental requirements in a cost-effective manner.

APX

Series C in 2000
APX has continuously provided innovative technology and service solutions for the energy and environmental markets. Their business experience spans transaction management, registries, scheduling, settlements, demand-side management, asset control, analytics, operations, exchanges, clearing, and brokerage. They continue to leverage their deep domain and technological expertise, providing focused solutions for their clients in the energy and environmental markets. This depth and breadth of knowledge makes the APX team uniquely qualified to provide leading-edge market solutions that deliver trust, integrity, and experience.

GPU, Inc

Acquisition in 2000
GPU, Inc., a public utility holding company, was engaged in providing utility and utility-related services to customers.

Powerspan

Venture Round in 2000
Founded in 1994 as Zero Emissions Technology and later renamed Powerspan Corp, Powerspan initially provided technology to control particulate emissions from coal-fired, electric power plants. As compliance deadlines of the Clean Air Act Acid Rain Program approached, Powerspan recognized the growing importance of a multi-pollutant solution for controlling emissions of sulfur dioxide (SO2) and nitrogen oxides (NOx) in addition to particulate emissions. Standard technology generally addresses each pollutant individually, necessitating the installation of separate, costly devices, requiring large spaces not always available on space-constrained sites that are typical of existing power plants. Powerspan sought to develop an integrated approach to achieve multi-pollutant reductions at a lower cost than commercially available systems, enabling power plant owners to meet existing and future environmental requirements in a cost-effective manner.

Marbel Energy Corp.

Acquisition in 1998
Marbel Energy, a closely held natural gas company in Canton, Ohio.
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