FirstEnergy Solutions Corp. (FES) will become Energy Harbor and keep its headquarters in Akron once it emerges from bankruptcy, the company announced Monday, Nov. 25.

At the end of proceedings, the power generation company will separate from its parent, FirstEnergy Corp. (NYSE: FE). The newly minted Energy Harbor will employ 2,800 people, FES said in a release announcing the new name.

A spokeswoman with New York public relations firm Sitrick and Co., which represents FES, said the company plans to release details about the location of the downtown Akron headquarters in the coming weeks. About 150 workers will be located in Akron, she said.

FES in October said it expected to conclude its restructuring by the end of the year after U.S. Bankruptcy Court Judge Alan Koschik confirmed its plan of reorganization. The Sitrick spokeswoman said FES has no other specific projections at this time.

The company has been in bankruptcy since March 2018 and has intended to emerge from the proceedings as an independent and unregulated generation company. FES owns power plants that include the Davis-Besse Nuclear Power Station near Toledo and the Perry Nuclear Plant in Lake County, which were awarded subsidies by the Ohio Legislature to keep them running.

The legislation, House Bill 6, has caused a ruckus in Ohio, with natural gas and renewable energy industries opposing it. A push to put a statewide referendum in front of voters now rests with the Ohio Supreme Court, according to media reports. A federal judge in October denied an opposition group more time to collect signatures to get the measure on the ballot. The judge then asked the state Supreme Court to review five questions related to the referendum process.

Energy Harbor also will operate the Beaver Valley Nuclear Power Station in Shippingport, Pa., and coal-fired plants W.H. Sammis in Stratton, Ohio, and Pleasants in Willow Island, W.Va., the spokeswoman said.

"The company will be a financially secure, independent power producer and a fully integrated retail energy provider with a competitive suite of products for its growing customer base. We will emerge well positioned for long-term value creation and competitiveness in a low-carbon future," CEO John Judge said in the release.

FES said the newly emerged company is intent on growing.

"The company is building on its extensive infrastructure, sales channel relationships and broader platform to create a best-in-class retail supply business balanced by our well-positioned generation portfolio," John Kiani, executive chairman of the company's new board of directors, said in a statement. "We will grow our retail supply business by leveraging our generating fleet capable of producing 50 million megawatt hours of electricity annually, including substantial carbon-free power critical for the future."

Meanwhile, soon-to-be-former parent company FirstEnergy at the end of October signed a new 10-year lease extension for its headquarters on Main Street in downtown Akron.