gas fired power plant

First Energy Bulding
Tim Rudell / WKSU

FirstEnergy just got a $2.5 billion financial boost in its struggle to transition back to a fully regulated utility. Three large investment firms are buying about a 16 percent equity stake in the Akron-based energy company. 

FirstEnergy was successful as both a regulated utility and, initially, in unregulated power generation markets.  Then came new natural gas-fired power plants using cheap and abundant fuel.