AKRON, Ohio, March 18, 2005 (PRNewswire-FirstCall) — FirstEnergy Corp. has agreed to sell its FirstEnergy Solutions subsidiary’s retail natural gas business to Amerada Hess Corporation. FirstEnergy Solutions supplied natural gas to approximately 1,900 commercial and industrial customers in selected areas within Ohio, Western Pennsylvania and West Virginia. Terms of the transactions are governed by a confidentiality agreement. This divestiture is consistent with FirstEnergy’s strategy to focus on its core electric business.
FirstEnergy is a diversified energy company headquartered in Akron, Ohio. Its subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, as well as energy management and other energy-related services. Its seven electric utility operating companies comprise the nation’s fifth largest investor-owned electric system, based on 4.4 million customers served within a 36,100-square-mile area of Ohio, Pennsylvania and New Jersey.
About Amerada Hess
Amerada Hess, headquartered in New York, is an integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products.