{"slug":"firstenergy","name":"퍼스트에너지","name_en":"FirstEnergy","ticker":"FE","updated_at":"2026-09-24T03:46:46.071673+00:00","canonical":"https://valuechain.wiki/firstenergy","citable":"밸류체인 그래프 기준 퍼스트에너지의 직접 연결 기업은 4곳(관계 기준 공급 2·매출 1·투자 1)이고, 사슬을 2차까지 넓히면 9곳에 닿는다. 링크의 근거 출처는 8건이며 그중 1차공시가 3건이다 (valuechain.wiki, 2026-09-24 기준).","citable_en":"Per the valuechain.wiki graph, FirstEnergy is directly linked to 4 companies (2 supply, 1 revenue, 1 investment relationships) and reaches 9 companies within two hops; the links are backed by 8 dated sources, 3 of them primary filings (as of 2026-09-24).","kicker":"미국 규제 전력망","kicker_en":"U.S. regulated electric grid","lead":"퍼스트에너지는 미국 중부 대서양 지역에서 규제 전력 배전·송전과 일부 발전으로 돈을 번다. 전력 구매와 대형 고객 연결 설비에 돈을 쓰며, 송전 자회사 지분 일부는 브룩필드가 보유한다.","lead_en":"FirstEnergy earns regulated revenue from electric distribution, transmission and selected generation operations in the U.S. Mid-Atlantic region. It spends on purchased power and grid connections for large customers, while Brookfield owns a minority interest in its transmission subsidiary.","categories":[{"key":"regulated-grid-utilities","ko":"규제 유틸리티·전력망 운영","en":"Regulated Utilities & Grid Operators","theme":"power-grid","theme_ko":"전력·그리드","theme_en":"Power & Grid","theme_kind":"chain","primary":true}],"segments":{"parts":[{"name":"배전","note":"오하이오와 펜실베이니아의 규제 배전 및 기본 전력공급"},{"name":"통합","note":"뉴저지·웨스트버지니아·메릴랜드의 배전·송전과 규제 발전"},{"name":"독립 송전","note":"FET와 KATCo를 통한 고압 송전"}],"total":"FY2025 총매출 150억9,000만달러 (SEC 10-K, 2026-02-18)","track":"C"},"segments_en":{"parts":[{"name":"Distribution","note":"Regulated distribution and default-service power supply in Ohio and Pennsylvania"},{"name":"Integrated","note":"Distribution, transmission and regulated generation in New Jersey, West Virginia and Maryland"},{"name":"Stand-Alone Transmission","note":"High-voltage transmission through FET and KATCo"}],"total":"FY2025 total revenue of $15.09 billion (SEC Form 10-K, 2026-02-18)"},"returns_yearly":{"2021":41.8,"2022":4.8,"2023":-8.9,"2024":13.2,"2025":17.3,"2026":3.5},"return_asof":"2026-10-09","value_chain":{"leading":[{"slug":"entergy","name":"엔터지","name_en":"Entergy","tier":3,"returns_yearly":{"2021":17.1,"2022":3.6,"2023":-6.1,"2024":56,"2025":25.3,"2026":13.2}},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":3,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":8.3}},{"slug":"xcel-energy","name":"엑셀 에너지","name_en":"Xcel Energy","tier":3,"returns_yearly":{"2021":4.4,"2022":6.4,"2023":-8.7,"2024":12.3,"2025":13.9,"2026":4.1}},{"slug":"wec-energy-group","name":"WEC 에너지 그룹","name_en":"WEC Energy Group","tier":3,"returns_yearly":{"2021":8.7,"2022":-0.5,"2023":-7,"2024":16.1,"2025":16,"2026":3.1}},{"slug":"eversource-energy","name":"에버소스 에너지","name_en":"Eversource Energy","tier":3,"returns_yearly":{"2021":8.2,"2022":-5.1,"2023":-23.4,"2024":-2.5,"2025":22.9,"2026":1}},{"slug":"meta","name":"메타 플랫폼스","name_en":"Meta Platforms","tier":3,"returns_yearly":{"2021":23.1,"2022":-64.2,"2023":194.1,"2024":66,"2025":13.1,"2026":-6.4}},{"slug":"nextera-energy","name":"NextEra Energy","name_en":"NextEra Energy","tier":2,"returns_yearly":{"2021":23.4,"2022":-8.5,"2023":-25.3,"2024":21.5,"2025":15.5,"2026":6.2}},{"slug":"first-solar","name":"퍼스트 솔라","name_en":"First Solar","tier":1,"returns_yearly":{"2021":-11.9,"2022":71.9,"2023":15,"2024":2.3,"2025":48.2,"2026":-21.7}}],"benefiting":[{"slug":"nextera-energy","name":"NextEra Energy","name_en":"NextEra Energy","tier":1,"returns_yearly":{"2021":23.4,"2022":-8.5,"2023":-25.3,"2024":21.5,"2025":15.5,"2026":6.2}},{"slug":"brookfield","name":"Brookfield","name_en":"Brookfield Asset Management Ltd.","tier":1,"returns_yearly":{"2023":45.6,"2024":39.7,"2025":-0.2,"2026":-9.7}},{"slug":"constellation-energy","name":"Constellation Energy","name_en":"Constellation Energy","tier":1,"returns_yearly":{"2023":37.2,"2024":92.7,"2025":58.8,"2026":-15.3}},{"slug":"ge-vernova","name":"GE Vernova","name_en":"GE Vernova","tier":2,"returns_yearly":{"2025":99,"2026":54}},{"slug":"quanta-services","name":"Quanta Services","name_en":"Quanta Services","tier":2,"returns_yearly":{"2021":59.5,"2022":24.6,"2023":51.7,"2024":46.6,"2025":33.7,"2026":48}},{"slug":"williams","name":"Williams","name_en":"Williams Companies","tier":2,"returns_yearly":{"2021":38.4,"2022":32.8,"2023":11.9,"2024":62.3,"2025":14.9,"2026":25.2}},{"slug":"duke-energy","name":"듀크 에너지","name_en":"Duke Energy Corporation","tier":2,"returns_yearly":{"2021":19.1,"2022":2,"2023":-1.6,"2024":15.6,"2025":12.7,"2026":5.3}},{"slug":"cameco","name":"Cameco","name_en":"Cameco","tier":2,"returns_yearly":{"2021":63.2,"2022":4.3,"2023":90.5,"2024":19.5,"2025":78.4,"2026":-3.7}},{"slug":"first-solar","name":"퍼스트 솔라","name_en":"First Solar","tier":2,"returns_yearly":{"2021":-11.9,"2022":71.9,"2023":15,"2024":2.3,"2025":48.2,"2026":-21.7}},{"slug":"air-liquide","name":"Air Liquide","name_en":"Air Liquide","tier":3,"returns_yearly":{"2021":14.3,"2022":8.1,"2023":21.1,"2024":8.7,"2025":-4.6,"2026":20.7}},{"slug":"siemens-energy","name":"Siemens Energy","name_en":"Siemens Energy","tier":3,"returns_yearly":{"2021":-35.4,"2022":-2.7,"2023":-27,"2024":314.2,"2025":149.9,"2026":1.8}},{"slug":"workday","name":"워크데이","name_en":"Workday, Inc.","tier":3,"returns_yearly":{"2021":14,"2022":-38.7,"2023":65,"2024":-6.5,"2025":-16.8,"2026":-8.8}},{"slug":"d-wave","name":"D-Wave Quantum","name_en":"D-Wave Quantum","tier":3,"returns_yearly":{"2022":-85.3,"2023":-38.9,"2024":854.5,"2025":211.3,"2026":-44.3}}],"analysis":"미국 규제 전력망 기업. 2026년 +7.6%다. 본주(+7.6%)와 공급단(평균 -4.4%)이 같은 보폭으로 움직인다. 연결 노드 중 가장 앞선 곳은 넥스트에라에너지(+6.2%), 가장 처진 곳은 컨스텔레이션 에너지(-15%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다.","analysis_en":"FirstEnergy operates across U.S. regulated electric grid. It is +7.6% in 2026. The stock (+7.6%) and its supply side (avg -4.4%) are moving in step. Among connected nodes the furthest ahead is NextEra Energy (+6.2%) and the furthest behind is Constellation Energy (-15%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It spends on purchased power and grid connections for large customers, while Brookfield owns a minority interest in its transmission subsidiary.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investor","counterparty":"Brookfield","counterparty_slug":"brookfield","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-18","basis":"브룩필드의 FET 추가 지분 30% 인수 대가","value":3500000000,"period":"transaction closed 2024-03-25","basis_en":"Consideration paid by Brookfield for an additional 30% interest in FET","qualifier":null},"note":"브룩필드는 퍼스트에너지 트랜스미션 지분을 추가 인수해 보유율을 49.9%로 높였다. 퍼스트에너지는 50.1%를 유지해 연결 지배력을 보유한다.","note_en":"Brookfield increased its interest in FirstEnergy Transmission to 49.9% through an additional stake purchase. FirstEnergy retained 50.1% and continues to consolidate the business.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-18","url":"https://www.sec.gov/Archives/edgar/data/1031296/000103129626000046/fe-20251231.htm","title":"퍼스트에너지 2025 회계연도 Form 10-K","title_en":"FirstEnergy Corp. Form 10-K for Fiscal 2025","excerpt":"브룩필드는 FET 지분 30%를 35억달러에 추가 인수했으며 2025년 말 보유율은 49.9%다.","excerpt_en":"Brookfield agreed to purchase from FE an incremental 30% equity interest in FET for a purchase price of $3.5 billion."},{"stance":"confirms","publisher":"인베스팅닷컴 코리아","publisher_en":"Investing.com Korea","kind":"news","lang":"ko","published_at":"2024-03-26","url":"https://kr.investing.com/news/stock-market-news/article-93CH-1028874","title":"퍼스트에너지, 브룩필드에 FET 지분 30% 35억 달러에 매각","title_en":"FirstEnergy Sells 30% FET Stake to Brookfield for $3.5 Billion","excerpt":"퍼스트에너지가 FET 지분 30%를 브룩필드 슈퍼코어 인프라스트럭처 파트너스에 35억 달러에 매각을 완료했습니다.","excerpt_en":"FirstEnergy completed the sale of a 30% interest in FET to Brookfield Super-Core Infrastructure Partners for $3.5 billion."},{"stance":"confirms","publisher":"퍼스트에너지","publisher_en":"FirstEnergy","kind":"ir","lang":"en","published_at":"2024-03-25","url":"https://www.firstenergycorp.com/newsroom/news_articles/fe-closes-on-fe-transmission-interest-sale.html","title":"퍼스트에너지, 퍼스트에너지 트랜스미션 지분 30% 35억달러 매각 완료","title_en":"FirstEnergy Closes on $3.5 Billion FirstEnergy Transmission, LLC 30% Interest Sale","excerpt":"퍼스트에너지는 FET 지분 30%를 브룩필드에 35억달러로 매각하는 거래를 완료했다.","excerpt_en":"FirstEnergy Corp. announced today it has completed the previously disclosed sale of an additional 30% ownership interest in its FirstEnergy Transmission subsidiary."},{"stance":"confirms","publisher":"유틸리티 다이브","publisher_en":"Utility Dive","kind":"analysis","lang":"en","published_at":"2023-02-07","url":"https://www.utilitydive.com/news/firstenergy-brookfield-transmission-ferc-morgan-stanley/642085/","title":"애널리스트들, 퍼스트에너지의 35억달러 브룩필드 거래가 FERC 규제 송전의 가치를 보여준다고 평가","title_en":"FirstEnergy's $3.5B Deal with Brookfield Highlights Value of FERC-Regulated Transmission: Analysts","excerpt":"모건스탠리 애널리스트들은 이 거래가 FERC 규제 송전사업의 매력적인 가치를 보여준다고 분석했다.","excerpt_en":"The valuation multiple realized in this transaction once again shows the attractive value of FERC-regulated transmission businesses."}]},{"direction":"revenue","counterparty":"Aligned Data Centers NEO PropCo LLC","counterparty_slug":null,"confidence":"high","metric":{"type":"capacity","unit":"MVA","as_of":"2026-04-27","basis":"Aligned가 요청한 데이터센터 전력 서비스 부하","value":155,"period":"planned","basis_en":"Proposed data-center load requested by Aligned for electric service","qualifier":null},"note":"퍼스트에너지 계열 ATSI와 오하이오 에디슨은 Aligned의 샌더스키 데이터센터에 전력을 공급할 소매 인도점과 변전소를 건설한다. 고객별 전력요금과 공사비 분담액은 공개되지 않았다.","note_en":"FirstEnergy affiliates ATSI and Ohio Edison are building retail delivery points and a substation to serve Aligned's Sandusky data center. Customer-specific tariff revenue and construction-cost allocation were not disclosed.","sources":[{"stance":"confirms","publisher":"아메리칸 트랜스미션 시스템즈·오하이오 에디슨","publisher_en":"American Transmission Systems and Ohio Edison","kind":"filing","lang":"en","published_at":"2026-04-27","url":"https://www.firstenergycorp.com/content/dam/corporate/transmission/Ohio/Sandusky-South-SS-and-138kV-Loops-LON-26-0527.pdf","title":"샌더스키 사우스 변전소 및 138kV 송전선 연결 프로젝트 통지서","title_en":"Sandusky South Substation and 138 kV Transmission Line Connections Project Letter of Notification","excerpt":"신규 데이터센터 고객 Aligned에 두 개의 소매 전력 인도점을 제공하며 제안 부하는 155MVA다.","excerpt_en":"The Customer requested the proposed delivery points for electric service for a new data center with a proposed load addition of approximately 155 MVA."}]},{"direction":"cost","counterparty":"NextEra Energy","counterparty_slug":"nextera-energy","confidence":"high","metric":{"type":"capacity","unit":"MW","as_of":"2025-06-02","basis":"넥스트에라가 낙찰받은 비주거용 2개 블록의 합산 부하","value":73.8,"period":"2025-09-01/2025-11-30","basis_en":"Combined load allocation of the two non-residential blocks won by NextEra","qualifier":null},"note":"퍼스트에너지 자회사 포토맥 에디슨의 메릴랜드 비주거용 표준공급서비스 입찰에서 넥스트에라 에너지 마케팅이 전체 공급 블록을 낙찰받았다.","note_en":"NextEra Energy Marketing won all offered blocks in FirstEnergy subsidiary Potomac Edison's Maryland Type II non-residential standard-offer solicitation.","sources":[{"stance":"confirms","publisher":"포토맥 에디슨","publisher_en":"The Potomac Edison Company","kind":"ir","lang":"en","published_at":"2025-06-02","url":"https://www.firstenergycorp.com/content/dam/upp/files/md/power/mdsosrfp/previous-solicitation-results/MD%20SOS%20Jun%202%202025%20Bid%20Results%20Type%20II.pdf","title":"포토맥 에디슨 메릴랜드 SOS 2025년 6월 2일 비주거용 입찰 결과","title_en":"Potomac Edison Maryland SOS Bid Results from June 2, 2025, Type II Non-Residential","excerpt":"넥스트에라 에너지 마케팅은 각각 36.9MW인 두 블록을 모두 낙찰받았다.","excerpt_en":"NextEra Energy Marketing, LLC 1 36.9 50%."}]},{"direction":"cost","counterparty":"Constellation Energy","counterparty_slug":"constellation-energy","confidence":"high","metric":{"type":"capacity","unit":"MW","as_of":"2025-06-02","basis":"콘스텔레이션의 주거용 12개월 낙찰 물량","value":52.2,"period":"2026-06-01/2027-05-31","basis_en":"Constellation's winning twelve-month residential load allocation","qualifier":null},"note":"퍼스트에너지 자회사 포토맥 에디슨은 메릴랜드 표준공급서비스 주거용 전력을 경쟁입찰로 조달했고, 콘스텔레이션 에너지가 낙찰사 중 하나였다.","note_en":"FirstEnergy subsidiary Potomac Edison procured Maryland residential standard-offer power through a competitive solicitation, with Constellation Energy among the winning suppliers.","sources":[{"stance":"confirms","publisher":"포토맥 에디슨","publisher_en":"The Potomac Edison Company","kind":"ir","lang":"en","published_at":"2025-06-02","url":"https://www.firstenergycorp.com/content/dam/upp/files/md/power/mdsosrfp/previous-solicitation-results/MD%20SOS%20Jun%202%202025%20Bid%20Results%20Residential.pdf","title":"포토맥 에디슨 메릴랜드 SOS 2025년 6월 2일 주거용 입찰 결과","title_en":"Potomac Edison Maryland SOS Bid Results from June 2, 2025, Residential","excerpt":"콘스텔레이션 에너지 제너레이션은 12개월 블록 하나와 약 52.2MW를 낙찰받았다.","excerpt_en":"Constellation Energy Generation LLC 1 (12-month) 52.2 6.7%."}]},{"direction":"revenue","counterparty":"퍼스트 솔라","counterparty_slug":"first-solar","confidence":"high","metric":{"type":"capacity","unit":"MVA","as_of":"2017-11-08","basis":"퍼스트 솔라 기존 시설의 부하 증가분","value":9.4,"period":"project need","basis_en":"Incremental load at First Solar's existing facility","qualifier":null},"note":"퍼스트에너지 계열 ATSI와 톨레도 에디슨은 퍼스트 솔라 공장의 부하 증가를 수용하기 위해 송전선 연장과 두 번째 변전소 연결을 추진했다. 고객별 전력요금은 공개되지 않았다.","note_en":"FirstEnergy affiliates ATSI and Toledo Edison extended a transmission tap to serve added load at First Solar's facility and a second First Solar substation. Customer-specific tariff revenue was not disclosed.","sources":[{"stance":"confirms","publisher":"아메리칸 트랜스미션 시스템즈·톨레도 에디슨","publisher_en":"American Transmission Systems and Toledo Edison","kind":"filing","lang":"en","published_at":"2017-11-08","url":"https://www.firstenergycorp.com/content/dam/corporate/transmission/chrysler-dowling/final-span-installation-first-solar-cn.pdf","title":"크라이슬러-다울링 138kV 송전선 퍼스트 솔라 변전소 최종 구간 설치 공사 통지서","title_en":"Chrysler-Dowling 138 kV Transmission Line Tap Final Span Installation to New First Solar Substation Project","excerpt":"퍼스트 솔라의 세 번째 변압기가 기존 시설의 약 9.4MVA 부하 증가를 처리하기 위해 필요했다.","excerpt_en":"The Project is needed because First Solar is installing a third transformer to handle an approximate 9.4 MVA increase in load."}]}]}