Mon Power

Electric Utility Distributionfirstenergycorp.com

Mon Power is a regulated electricity distribution utility subsidiary of FirstEnergy Corp. (NYSE: FE) that serves residential, commercial, and industrial customers across 34 West Virginia counties under tariff rates approved by the Public Service Commission of West Virginia.

Company typePrivate
Founded1997
HeadquartersFairmont, United States
Headcount11–50
GTM typeB2C
OfferingServices

What Mon Power does

Mon Power is a regulated electricity distribution utility serving customers across 34 West Virginia counties, operating as a wholly-owned subsidiary of FirstEnergy Corp. (NYSE: FE). The company delivers electric service through traditional transmission and distribution infrastructure, supplemented by smart meter deployment, a customer-facing My Account online portal, outage reporting and management systems, and energy efficiency programs. Customer segments include residential, commercial, and industrial users within the franchise territory, served under tariff rates approved by the Public Service Commission of West Virginia. Revenue is generated through regulated rate recovery on approved distribution charges plus pass-through of generation and transmission costs, billed monthly.

The company's product portfolio extends beyond basic distribution to include EV charging support resources, the Analyze Usage tool for residential and business energy analytics, and emerging distributed generation assets. Mon Power has secured federal grant funding for rural grid reliability projects and is pursuing, in partnership with sister subsidiary Potomac Edison, a major 1.2GW natural gas generation facility plus 70MW of new solar capacity — part of FirstEnergy's broader $7.7 billion capital investment plan in West Virginia through 2029. The business is capital-intensive, rate-regulated, and franchise-protected, with no independent go-to-market or competitive customer acquisition motion. All sales, marketing, and customer service functions flow through FirstEnergy Corp.'s corporate channels.

Mon Power firmographics

Firmographics

Name: Mon Power
Legal name: FirstEnergy Corp.
Website: https://firstenergycorp.com
Company type: Private
Founded year: 1997
Operating status: Operating
Headcount range: 11–50 employees
Short description: Mon Power is a regulated electricity distribution utility subsidiary of FirstEnergy Corp. (NYSE: FE) that serves residential, commercial, and industrial customers across 34 West Virginia counties under tariff rates approved by the Public Service Commission of West Virginia.
Ownership category
akta.pro rank

Mon Power industry classification

Industry

Product category: Electric Utility Distribution
NAICS: Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211), Utilities (22)
SIC: Electric Services (4911), Electric, Gas & Sanitary Services (4900)
akta.pro primary industry: Multi-Utility Distribution Companies (Electric + Gas/Water Distribution) (EUADABAJ)
akta.pro secondary industries: Non-Wires Alternatives (NWA) & DER as Grid Capacity (Capacity Deferral) (EUADALAJ), Green Tariffs & Utility Renewable Supply Programs (EUAGADAJ)

Keywords

Electricity distribution services
Regulated utility services
Power grid infrastructure
Smart meter deployment
Energy efficiency programs

Where Mon Power is headquartered

Location

Headquarters

HQ city: Fairmont
HQ country: United States
HQ region: North America

Offices1 record

Markets served

Mon Power business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

Electricity Distribution Service: Mon Power generates revenue through regulated electricity distribution services to customers in West Virginia. As a rate-regulated utility, revenue is derived from approved tariff rates that allow recovery of infrastructure investments, operating costs, and a regulated return on equity. The company also invests in grid modernization projects that may be included in rate base.

Pricing tiers

Model	Billing	Price
Subscription	Monthly	Regulated utility tariff rates

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Mon Power product offering

Product offering

Core offering

Mon Power provides regulated electricity distribution service to residential, commercial, and industrial customers across 34 West Virginia counties. The company delivers power through owned transmission and distribution infrastructure, manages outage restoration, handles billing and customer accounts, and pursues grid modernization investments including smart meter deployment, backup power connections, and integration of new generation capacity (1.2GW natural gas plant and 70MW solar under development).

Product overview

Mon Power is a regulated electricity distribution utility and subsidiary of FirstEnergy Corp., providing electric service to customers in West Virginia. The company operates a platform-plus-services model centered on its core electricity distribution infrastructure, supplemented by customer-facing digital tools including smart meters, the My Account online portal, outage management systems, and energy efficiency programs. The product portfolio includes the smart meter deployment program for automated readings, an online customer self-service platform for billing and account management, EV charging support resources, and usage analysis tools. Recent infrastructure developments include a new 1.2GW natural gas power plant project and solar generation capacity.

Differentiator

Problem solved

Functional benefit

Products and services

Electricity Distribution Service Mon Power's core regulated electricity distribution service provides power delivery, outage management, and grid maintenance to residential, commercial, and industrial customers across 34 West Virginia counties. Service is provided under regulated tariff rates approved by the Public Service Commission of West Virginia and includes billing, customer service, and infrastructure investment recovery.

Quantifiable outcome

Reduced outage duration for over 3,000 rural West Virginia customers
+2 more outcomes

Companies that use Mon Power

Customer profile

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Mon Power technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Mon Power partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

Potomac EdisoncoreStrategic or Co-development Partner · 1 February 2026Mon Power and Potomac Edison, both FirstEnergy subsidiaries, submitted a joint plan to the Public Service Commission of West Virginia for a new 1.2GW natural gas power station adjacent to the Fort Martin Power Station in Maidsville, WV. The companies are also seeking approval to develop 70MW of new solar generation capacity alongside the gas project.
FirstEnergy Corp.coreOthersMon Power is a subsidiary of FirstEnergy Corp. (NYSE: FE), operating as part of FirstEnergy's portfolio of electric utilities across Ohio, Pennsylvania, New Jersey, West Virginia, and Maryland. FirstEnergy provides corporate support, capital resources, and operational expertise.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Mon Power competitors and assessment

Company assessment

Broad incumbents

Dominion Energy: Large U.S. regulated utility with electric distribution in Virginia, North Carolina, and South Carolina. Comparable as a multi-state regulated electric distribution utility with significant rate base, capital investment programs, and renewable diversification.
Duke Energy: Major U.S. regulated electric utility holding company operating across multiple states with a similar vertically-integrated generation, transmission, and distribution model. Comparable as a peer in scale, capital structure, and rate-regulated business model.
American Electric Power (AEP): One of the largest U.S. investor-owned electric utilities, parent of Appalachian Power which directly competes with Mon Power in West Virginia. Comparable as a vertically-integrated regulated utility with generation, transmission, and distribution across multiple states.
Consolidated Edison: Investor-owned regulated electric, gas, and steam utility serving New York City and Westchester. Comparable as a regulated electric distribution utility with rate-base-driven earnings, modern grid programs, and customer-facing digital platforms.

Direct peers

Appalachian Power: A regulated electric distribution subsidiary of American Electric Power (AEP) serving southern West Virginia and parts of Virginia and Tennessee. Directly comparable as a state-licensed electric distribution utility with overlapping service territory in West Virginia.
Ohio Edison: FirstEnergy sister subsidiary providing regulated electric distribution in northeastern Ohio. Comparable as a same-business-model rate-regulated FirstEnergy distribution utility, sharing corporate systems, smart meter programs, and regulatory approaches.
Potomac Edison: Sister FirstEnergy subsidiary jointly operating the 1.2GW Maidsville gas plant and 70MW solar project with Mon Power; serves overlapping West Virginia/Maryland territory with regulated electric distribution, making it the closest operational peer.
Jersey Central Power & Light: FirstEnergy sister subsidiary serving New Jersey with regulated electric distribution. Comparable as a state-regulated electric distribution utility operating under the same FirstEnergy corporate umbrella with shared platforms and capital allocation.
The Illuminating Company: FirstEnergy sister subsidiary serving the Cleveland, Ohio area. Directly comparable as a regulated electric distribution utility within the same parent holding company structure and operating model.
Met-Ed: FirstEnergy sister subsidiary providing regulated electric distribution in eastern Pennsylvania. Closely comparable business model, regulatory framework, and product set (smart meters, outage management, energy efficiency programs).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Mon Power financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Mon Power leadership team

Management profile

Number of profiles

Mon Power funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Mon Power M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mon Power

What does Mon Power do?

Is Mon Power a public or private company?

Mon Power is a private company. It is classified as corporate owned and is currently operating.

When was Mon Power founded?

Mon Power was founded in 1997. It employs 11 to 50 people.

Where is Mon Power based?

Mon Power is headquartered in Fairmont, United States, in the North America region.

How does Mon Power make money?

One revenue line is on record: electricity Distribution Service.

Who are Mon Power's main competitors?

Broad incumbents on record are Dominion Energy, Duke Energy, American Electric Power (AEP) and Consolidated Edison. Direct peers are Appalachian Power, Ohio Edison, Potomac Edison, Jersey Central Power & Light, The Illuminating Company and Met-Ed.

Does Mon Power have an API?

No public API is recorded for Mon Power.

What industry is Mon Power in?

Mon Power's product category is Electric Utility Distribution. Its primary akta.pro industry code is EUADABAJ, Multi-Utility Distribution Companies (Electric + Gas/Water Distribution), with a secondary code of EUADALAJ, Non-Wires Alternatives (NWA) & DER as Grid Capacity (Capacity Deferral). Its NAICS code is 22112 and its SIC code is 4911.