8-KRegulation FD

FIRSTENERGY CORP 8-K Report, Regulation FD Disclosure (May 29, 2012)

Filed May 29, 2012For Securities:FE

Summary

FirstEnergy Corp. (FE) announced on May 29, 2012, that it would be posting unaudited financial information for several of its non-SEC registrant subsidiaries on its investor relations website. This disclosure covers the periods ending March 31, 2012, and March 31, 2011, providing a summary overview of these entities' financial positions. This initiative aims to offer investors a more transparent view of the financial health of key operational segments, particularly those that are not independently registered with the SEC. The information provided is a summary and will not include the detailed footnote disclosures typically found in full financial statements. FirstEnergy intends to provide this summary information approximately sixty days after the end of each of the first three fiscal quarters and audited financial information ninety days after the end of each fiscal year.

Key Highlights

  • 1FirstEnergy Corp. is enhancing transparency by posting unaudited financial information for specific subsidiaries.
  • 2The disclosure covers periods ending March 31, 2012, and March 31, 2011.
  • 3Included are financial summaries for Metropolitan Edison Company, Pennsylvania Electric Company, The Cleveland Electric Illuminating Company, and The Toledo Edison Company.
  • 4Continued posting of financial information for other subsidiaries, including Allegheny Energy Supply Company and its affiliates, will also occur.
  • 5The disclosed information is a summary overview and will not contain customary footnote disclosures.
  • 6FirstEnergy plans to post this summary information roughly 60 days after the end of the first three fiscal quarters.
  • 7Audited financial information with footnotes is expected approximately 90 days after the fiscal year-end.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors that FirstEnergy Corp. will be voluntarily posting unaudited financial information for several of its non-SEC registrant subsidiaries on its investor relations website to provide greater transparency into their financial performance and position.

Financial information will be available for Metropolitan Edison Company, Pennsylvania Electric Company, The Cleveland Electric Illuminating Company, and The Toledo Edison Company for the periods ending March 31, 2012, and March 31, 2011. Additionally, FirstEnergy will continue to post information for subsidiaries such as Allegheny Energy Supply Company, Allegheny Generating Company, and others that have been reporting since July 2011.

No, the financial information disclosed is unaudited and intended only as a summary or overview of the financial positions and results of operations for these subsidiaries. It will not include the detailed footnote disclosures normally accompanying complete financial statements.

FirstEnergy intends to post the unaudited summary financial information approximately sixty days following the end of each of the first three fiscal quarters. Audited financial information, including accompanying footnotes, is planned to be posted approximately ninety days following the end of each fiscal year.