Metropolitan Edison

What Metropolitan Edison does

Metropolitan Edison Company (Met-Ed) is a regulated electric transmission and distribution utility subsidiary of FirstEnergy Corp (NYSE: FE), serving residential, commercial, and industrial customers across eastern Pennsylvania, including Berks, Lancaster, Lebanon, Lehigh, Northampton, and parts of adjacent counties. The company distributes electricity through company-owned grid infrastructure — transmission and distribution lines, substations, and a deployed base of over 2 million smart meters (across all four FirstEnergy Pennsylvania utilities, with Met-Ed's share corresponding to its territory) installed under Pennsylvania Act 129 compliance. Smart meters use Zigbee radio chips operating in the 902-928 MHz band, support Home Area Network (HAN) integration with third-party energy monitoring devices, and comply with FCC Part 15, ANSI, IEEE, and NIST cybersecurity standards.

Met-Ed's product surface layers regulated distribution services with customer-facing digital tools: an online My Account portal and mobile app, eBill paperless billing, text and email alerts, outage reporting (web, SMS, phone), the Analyze Usage / Home Energy Analyzer tools for consumption insights, and an optional Time-of-Use (TOU) Pricing program with On-Peak (2pm-9pm weekdays), Off-Peak, and Super Off-Peak periods designed to incentivize load shifting. Interval metering and pulse output services support commercial and industrial customers with demand data and integration with building management systems.

Revenue is generated through regulated distribution charges, customer charges, and smart meter program costs, all subject to Pennsylvania Public Utility Commission oversight. Pricing follows a Price-to-Compare baseline multiplied by period-specific factors for TOU participants. As a franchise-protected distribution monopoly, Met-Ed faces no direct competition at the distribution layer; customers may only choose among retail electric generation suppliers. Operational execution is supported by FirstEnergy's shared technology platforms, the Energize365 grid investment program, and partnerships with Itron (meters), Honeywell (HAN program management), Solid State Instruments (pulse generators), and Wellington Energy (installation services).

Name

Metropolitan Edison

Legal name

Metropolitan Edison Company

Website

https://firstenergycorp.com

Company type

Private

Founded year

1917

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Metropolitan Edison is a regulated electric transmission and distribution utility subsidiary of FirstEnergy Corp, serving residential, commercial, and industrial customers across eastern Pennsylvania through owned grid infrastructure, smart meters, and customer-facing energy management tools.

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Distribution (221122), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)

Keywords

• Electric distribution services
• Smart meter programs
• Time-of-use pricing
• Residential electricity supply
• Utility customer services

Headquarters

HQ city

Akron

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Electric Distribution Service: Regulated electricity distribution revenue collected from residential, commercial, and industrial customers within Met-Ed's Pennsylvania service territory. Revenue is subject to rate regulation by the Pennsylvania Public Utility Commission and includes distribution charges, customer charges, and smart meter program costs.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Metropolitan Edison (Met-Ed) is a regulated electric transmission and distribution utility serving residential, commercial, and industrial customers across eastern Pennsylvania, including Berks, Lancaster, Lebanon, Lehigh, Northampton, and parts of surrounding counties. The company distributes electricity through its owned grid infrastructure and operates a Pennsylvania Act 129-mandated smart meter program covering more than 2 million homes and businesses across FirstEnergy's Pennsylvania utilities.

Product overview

Metropolitan Edison (Met-Ed) is one of FirstEnergy's electric utility subsidiaries, operating as part of a portfolio of utilities across Ohio, Pennsylvania, New Jersey, West Virginia, and Maryland. The company offers a platform of products centered on electricity distribution and smart meter technology. The core offering includes smart meter deployment and management, with related customer-facing tools including the Analyze Usage/Home Energy Analyzer platform for energy consumption analysis, Home Area Network (HAN) connectivity for real-time monitoring, Time-of-Use (TOU) Pricing and Time-of-Day Rate Options for dynamic electricity pricing, plus standard utility services like eBill electronic billing, text/email alerts, and outage reporting. The products work together as a modernized electric distribution system enabling automated meter readings and enhanced outage response, with smart meters serving as the foundational device that powers customer analytics and energy management features.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Distribution Service
• Pennsylvania Smart Meter Program
• Outage Reporting & Management
• Smart Meter Installation Service
• Ohio Smart Meter Program
• New Jersey Smart Meter Program

Quantifiable outcome

• Smart meters installed on 2+ million homes and businesses across Pennsylvania FirstEnergy utilities

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• Wellington Energy Inc.coreImplementation/ SI/ Consulting PartnerThird-party installation vendor contracted to install smart meters for FirstEnergy's Pennsylvania utilities (Met-Ed, Penelec, Penn Power, West Penn Power). Employees wear brown uniforms with company logo and drive white trucks displaying Wellington Energy and FirstEnergy logos. All installers carry FirstEnergy identification badges. Contact number: 1-888-317-8815.
• ItroncoreTechnology or IntegrationSmart meter manufacturer for FirstEnergy's Pennsylvania utilities. Itron manufactures the smart meters in the United States with rigorous quality assurance processes ensuring safety, accuracy, and reliability. Meters comply with ANSI, IEEE, and IEC safety and operating standards.
• Honeywell (HAN Device Program Support)supportingTechnology or IntegrationHoneywell manages the Home Area Network (HAN) device provisioning program for FirstEnergy smart meters. Contact for HAN device troubleshooting: 1-855-830-2922 or [email protected].
• Solid State InstrumentssupportingTechnology or IntegrationManufacturer of the MPG-3 wireless meter Pulse Generator, the qualified HAN Zigbee to Pulse Output device for Pennsylvania smart meters. Enables customers to receive pulse outputs via Home Area Network for interval metering applications.
• Midcontinent Independent System Operator (MISO)coreStrategic or Co-development PartnerRegional transmission organization managing the electric grid across multiple states. FirstEnergy makes quarterly payments for legacy MISO Transmission Expansion Plan (MTEP) project costs allocated to FirstEnergy subsidiaries, as mandated by FERC. Payments range from approximately $990,000 to $1.07 million per quarter.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• West Penn Power: Sister FirstEnergy distribution subsidiary serving western Pennsylvania. Shares the same Act 129 smart meter deployment, Itron meter base, parent company brand, and customer program suite as Met-Ed — effectively a near-clone operating in a different PA region.
• Jersey Central Power & Light (JCP&L): Sister FirstEnergy regulated distribution subsidiary in New Jersey. Direct peer: identical parent ownership, shared smart meter platform (1.1M meters approved for deployment), same corporate technology stack, and overlapping residential/commercial product offering — only difference is NJ BPU as regulator.
• Penelec (Pennsylvania Electric): Sister FirstEnergy subsidiary serving north-central Pennsylvania under the same Act 129 mandate and shared corporate services, technology stack, and customer programs. Most directly comparable peer given identical operating model, parent, and Pennsylvania regulatory environment.
• Duquesne Light Company: Investor-owned regulated electric distribution utility serving the Pittsburgh metropolitan area in western Pennsylvania. Same business model (rate-regulated T&D), same PA service environment, and comparable mid-size distribution utility scale — though in a different region of the state.
• PECO Energy: Exelon subsidiary providing regulated electric distribution (and natural gas) to southeastern Pennsylvania including Philadelphia. Direct peer: same PA PUC oversight, same Act 129 compliance environment, larger scale, and identical product architecture (smart meter, TOU, eBill).
• PPL Electric Utilities: PPL Corporation's regulated electric distribution subsidiary serving central and eastern Pennsylvania. Direct peer to Met-Ed: same state regulator (PA PUC), same Act 129 smart meter mandate, similar residential/TOU product set, and overlapping service territory along the eastern PA corridor.
• Atlantic City Electric: Exelon subsidiary providing regulated electric distribution in southern New Jersey. Direct Mid-Atlantic peer to Met-Ed: comparable customer count, same regulated utility model, advanced AMI deployment, and adjacent geographic market.

Broad incumbents

• Exelon Corporation: Publicly traded (Nasdaq: EXC) parent of PECO Energy, Atlantic City Electric, and other Mid-Atlantic regulated utilities. Broader incumbent controlling several of Met-Ed's most direct distribution peers and operating with the same AMI/TOU product platform across PA and NJ.
• FirstEnergy Corp: Publicly traded parent holding company (NYSE: FE) of Met-Ed and nine other distribution subsidiaries across PA, OH, NJ, WV, and MD. Broader incumbent providing consolidated capital allocation, transmission services, and the Energize365 investment program that funds Met-Ed's grid modernization.
• Public Service Enterprise Group (PSEG): Diversified regulated utility holding company (NYSE: PEG) serving New Jersey with electric distribution, transmission, and generation. Broader incumbent in the same Mid-Atlantic regulatory ecosystem with comparable scale and a regulated T&D core business.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/FirstEnergyCorp
• YouTubeyoutube.com/user/FirstEnergyTV
• Facebookfacebook.com/firstenergyCareers
• LinkedInlinkedin.com/company/firstenergy-corp

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Metropolitan Edison