The Toledo Edison Company
The Toledo Edison Company is a regulated electric distribution utility serving residential, commercial, and industrial customers in northwest Ohio. It operates as a wholly-owned subsidiary of FirstEnergy Corp (NYSE: FE) under Public Utilities Commission of Ohio oversight.
- Company typePrivate
- Founded1901
- HeadquartersAkron, United States
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What The Toledo Edison Company does
The Toledo Edison Company is a regulated electric distribution utility serving residential, commercial, and industrial customers in the Toledo, Ohio service territory. The company is a wholly-owned subsidiary of FirstEnergy Corp (NYSE: FE), one of the largest investor-owned electric utility systems in the United States, headquartered in Akron, Ohio. Toledo Edison operates under the regulatory oversight of the Public Utilities Commission of Ohio (PUCO), with rates set through regulatory rate case proceedings rather than market-based pricing.
The company's distribution infrastructure includes Advanced Metering Infrastructure (AMI) smart meters, part of FirstEnergy's broader Ohio deployment exceeding 710,000 smart meters across Ohio Edison, Toledo Edison, and The Illuminating Company service territories. Smart meters collect electricity usage data via secure telecommunications and enable automated readings, faster outage response, and customer-facing energy usage analytics. Customer-facing digital services include the My Account portal (bill payment, usage history, alerts), the Analyze Usage tool (Home Energy Analysis, Bill Comparison, Projected Usage for homes; Year Over Year, Weather Impact, and Site Profile for businesses), and an EV Driven information portal supporting electric vehicle adoption.
Toledo Edison's revenue model is that of a regulated rate-of-return utility: it earns revenue through PUCO-approved distribution rates, with earnings dependent on rate base, allowed regulatory return, and recovery of approved operating expenses and capital investments. The company is not independently capitalized through equity markets — corporate funding and capital allocation flow through FirstEnergy at the parent level. Customer mix is horizontal, spanning residential households and commercial/industrial accounts within the franchised service territory.
The Toledo Edison Company firmographics
Firmographics- Name
- The Toledo Edison Company
- Legal name
- The Toledo Edison Company
- Website
- https://firstenergycorp.com
- Company type
- Private
- Founded year
- 1901
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- The Toledo Edison Company is a regulated electric distribution utility serving residential, commercial, and industrial customers in northwest Ohio. It operates as a wholly-owned subsidiary of FirstEnergy Corp (NYSE: FE) under Public Utilities Commission of Ohio oversight.
- Ownership category
- akta.pro rank
The Toledo Edison Company industry classification
Industry- Product category
- Electric Utility Distribution
- NAICS
- Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Investor-Owned Electric Distribution Utilities (IOUs) (EUADABAA)
Keywords
Where The Toledo Edison Company is headquartered
LocationHeadquarters
- HQ city
- Akron
- HQ country
- United States
- HQ region
- North America
Markets served
The Toledo Edison Company business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D
Distribution channels3 records
Marketing channels4 records
The Toledo Edison Company product offering
Product offeringCore offering
The Toledo Edison Company is a regulated electric utility that distributes electricity to residential, commercial, and industrial customers within its Ohio service territory. It provides smart meter infrastructure, outage reporting and notification services, online account management with bill payment and usage analysis tools, and energy efficiency programs. Operations are governed by the Public Utilities Commission of Ohio and delivered under the FirstEnergy Corp corporate umbrella.
Product overview
The Toledo Edison Company, a subsidiary of FirstEnergy Corp, provides electricity distribution services to customers in Ohio. The company's product portfolio centers on smart meter technology deployed across its service territory, which enables automated readings, faster outage response, and customer energy monitoring. Customer-facing digital services include an online My Account portal with features for bill payment, usage history viewing, and the Analyze Usage tool that provides Home Energy Analysis, Bill Comparison, How I Compare, and Projected Usage for homes, plus Compare Usage Charges, Usage Trends, Year Over Year, Weather Impact, and Site Profile for businesses. Additional services include outage reporting and notifications, and an EV Driven information portal for electric vehicle resources.
Differentiator
Problem solved
Functional benefit
Products and services
- Smart Meters Digital electric meters that collect electricity usage information and send data to the utility through secure telecommunications. Smart meters reduce estimated bills through automated readings, help respond to power outages more quickly, and help customers learn more about their energy use. Deployed across Ohio Edison, Toledo Edison, and The Illuminating Company service territories (more than 710,000 installed).
- My Account Online account management portal for Toledo Edison customers to view account overview, pay bills, view bill and payment history, manage account settings, sign up for text and email alerts, submit meter readings, view usage history, and analyze usage patterns.
- Analyze Usage Online tool for customers to analyze energy usage patterns. For homes, provides Home Energy Analysis, Bill Comparison, How I Compare, and Projected Usage. For businesses, provides Compare Usage Charges, Usage Trends, Year Over Year, Weather Impact, and Site Profile features.
- Usage History Online account feature allowing customers to view up to twelve months of usage history, displaying date, bill amount, kilowatt per hour, and meter reading type (either estimated or actual meter reading).
- Outage Reporting and Notifications Services allowing customers to report power outages, view current outages on maps, and receive outage notifications via text and email alerts.
- Bill Payment Services Multiple payment options including Pay My Bill, Pay as a Guest, billing and payment history, eBill paperless billing, and text/email alerts for account updates.
- EV Driven (Electric Vehicles) Information portal for electric vehicle resources, helping customers find answers about EV models, charging types, public charging stations, rebates and incentives, and potential savings compared to gas vehicles. Provided through third-party platform chooseev.com.
Quantifiable outcome
- FirstEnergy Ohio electric companies have installed more than 710,000 smart meters across Ohio Edison, Toledo Edison, and The Illuminating Company service territories
Companies that use The Toledo Edison Company
Customer profileSegments2 records
Ideal customer profiles2 records
The Toledo Edison Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
The Toledo Edison Company partnerships and signals
Strategic signalRecent moves4 records
Expansion highlights3 records
The Toledo Edison Company competitors and assessment
Company assessmentDirect peers
- Duke Energy Ohio: Ohio subsidiary of Duke Energy serving residential, commercial and industrial customers in the Cincinnati area. A PUCO-regulated IOU distribution utility with comparable customer mix, smart-meter deployment, and rate-case-driven economics.
- Penelec (Pennsylvania Electric Company): Another FirstEnergy subsidiary distributing electricity in Pennsylvania. Operates the same platform, technology stack and customer-service infrastructure as Toledo Edison, differing only in service territory and state regulator (PUC of Pennsylvania rather than PUCO).
- The Illuminating Company: FirstEnergy's third Ohio electric distribution subsidiary, serving customers in the Cleveland/NE Ohio area. Like Toledo Edison, it is PUCO-regulated, deploys AMI under the same 710,000-meter modernization program, and operates as a wires-only distribution utility.
- AEP Ohio: Ohio subsidiary of American Electric Power, one of the largest investor-owned electric distribution utilities in Ohio. Competes with Toledo Edison's customers under the same PUCO regulatory regime, with overlapping service territory in central and southern Ohio.
- AES Ohio (formerly Dayton Power & Light): Investor-owned electric distribution utility serving the Dayton, Ohio region, now operated by AES Corporation. Directly comparable to Toledo Edison as a PUCO-regulated IOU serving Ohio residential, commercial and industrial customers.
- Met-Ed (Metropolitan Edison Company): FirstEnergy's Pennsylvania electric distribution subsidiary serving south-central PA. Closely comparable distribution-utility operating model, AMI deployment, and digital customer platform, only differentiated by jurisdiction (PA PUC vs PUCO).
- Ohio Edison: Sister FirstEnergy Corp subsidiary that distributes electricity to customers in northeast Ohio. Operates under the same PUCO regulatory framework, shares the same AMI deployment program, and offers an identical 'My Account' digital platform—the most directly comparable operating peer to Toledo Edison.
Broad incumbents
- Consumers Energy: Michigan's largest IOU, subsidiary of CMS Energy, distributing electricity and natural gas across the Lower Peninsula. Comparable Midwest-regulated distribution utility with AMI deployment, energy-efficiency programs, and EV initiatives analogous to Toledo Edison's offerings.
- DTE Energy: Investor-owned electric and gas utility serving southeast Michigan. Comparable as a Midwest-regulated IOU distribution business with regulated rate base, AMI rollout, and customer-facing digital tools, though it also has gas operations unlike Toledo Edison.
- ComEd (Commonwealth Edison): Exelon subsidiary and one of the largest US investor-owned electric distribution utilities, serving northern Illinois. Comparable as a regulated IOU distribution-only business with AMI deployment at scale, though serving a much larger customer base than Toledo Edison.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
The Toledo Edison Company social profiles
Digital presenceThe Toledo Edison Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Toledo Edison Company leadership team
Management profileNumber of profiles
The Toledo Edison Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Toledo Edison Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Toledo Edison Company
What does The Toledo Edison Company do?
The Toledo Edison Company is a regulated electric utility that distributes electricity to residential, commercial, and industrial customers within its Ohio service territory. It provides smart meter infrastructure, outage reporting and notification services, online account management with bill payment and usage analysis tools, and energy efficiency programs. Operations are governed by the Public Utilities Commission of Ohio and delivered under the FirstEnergy Corp corporate umbrella.
Is The Toledo Edison Company a public or private company?
The Toledo Edison Company is a private company. It is classified as corporate owned and is currently operating.
When was The Toledo Edison Company founded?
The Toledo Edison Company was founded in 1901. It employs 5,001 to 10,000 people.
Where is The Toledo Edison Company based?
The Toledo Edison Company is headquartered in Akron, United States, in the North America region.
Who are The Toledo Edison Company's main competitors?
Direct peers on record are Duke Energy Ohio, Penelec (Pennsylvania Electric Company), The Illuminating Company, AEP Ohio, AES Ohio (formerly Dayton Power & Light), Met-Ed (Metropolitan Edison Company) and Ohio Edison. Broad incumbents are Consumers Energy, DTE Energy and ComEd (Commonwealth Edison).
Does The Toledo Edison Company have an API?
No public API is recorded for The Toledo Edison Company.
What industry is The Toledo Edison Company in?
The Toledo Edison Company's product category is Electric Utility Distribution. Its primary akta.pro industry code is EUADABAA, Investor-Owned Electric Distribution Utilities (IOUs). Its NAICS code is 22112 and its SIC code is 4911.