8-KLeadership ChangesExhibits & Filings

FIRSTENERGY CORP 8-K Report, Executive Changes (Sep 21, 2004)

Filed September 21, 2004For Securities:FE

Summary

This 8-K filing from FirstEnergy Corp., dated September 21, 2004, primarily announces changes to its Board of Directors. Wes M. Taylor has been elected to the Board, bringing extensive experience in power generation and industry organizations. Concurrently, John M. Pietruski is retiring from the Board. These changes are effective immediately or in early October 2004. The filing also includes a standard forward-looking statement section, which outlines various risks and uncertainties that could materially affect the company's actual results. These risks include those associated with industry competition, deregulation, economic conditions, market prices for energy, regulatory changes, legal decisions, and the ongoing investigation and proceedings related to the August 14, 2003, regional power outage. Investors should note that the company does not intend to update these forward-looking statements. The report incorporates a press release detailing these board changes.

Key Highlights

  • 1Wes M. Taylor appointed to FirstEnergy Corp.'s Board of Directors, effective September 21, 2004.
  • 2John M. Pietruski retiring from the Board of Directors, effective October 1, 2004.
  • 3Mr. Taylor brings significant experience in power generation, having retired as president of TXU Generation.
  • 4Mr. Taylor has held leadership positions in various industry organizations, including chairman of the National Coal Council.
  • 5Mr. Taylor will serve on the Board's Nuclear Committee.
  • 6No undisclosed arrangements or related party transactions were noted concerning Mr. Taylor's appointment.
  • 7The filing includes a standard forward-looking statement disclaimer highlighting potential risks and uncertainties.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report changes in FirstEnergy Corp.'s Board of Directors. Specifically, it announces the election of Wes M. Taylor and the retirement of John M. Pietruski.

Wes M. Taylor is a new director with extensive experience in the energy industry. He retired in April 2004 as president of TXU Generation and previously served as president of Dallas Power & Light. He has also held leadership roles in significant industry organizations like the National Coal Council.

According to the filing, there are no arrangements or understandings between Mr. Taylor and any other person regarding his selection as a director, nor are there any related party transactions between Mr. Taylor and FirstEnergy or its subsidiaries.

FirstEnergy's forward-looking statements highlight a range of potential risks, including increased competition and deregulation in the electric utility industry, economic or weather conditions, changes in energy markets and commodity prices, higher-than-anticipated maintenance or replacement power costs, legislative and regulatory changes, adverse legal decisions, and the outcomes of investigations and proceedings, particularly those related to the August 2003 regional power outage.