8-KRegulation FDExhibits & Filings

FIRSTENERGY CORP 8-K Report, Regulation FD Disclosure (Nov 19, 2013)

Filed November 19, 2013For Securities:FE

Summary

FirstEnergy Corp. (FE) has filed a Form 8-K to disclose unaudited interim consolidated financial statements for its subsidiary, Monongahela Power Company and subsidiaries (MP), for the three and nine months ended September 30, 2013, and 2012. This filing is made under Item 7.01 Regulation FD Disclosure, indicating that the provided financial information is for informational purposes and not being formally filed under Section 18 of the Securities Exchange Act of 1934, unless specifically incorporated into another filing. Investors should note that this report primarily serves to make the MP financial statements publicly available. The accompanying forward-looking statements highlight significant risks and uncertainties that could materially impact FirstEnergy's future results. These include regulatory uncertainties in various jurisdictions, fluctuating energy and commodity market prices, potential costs associated with environmental regulations, the timing and costs of capital expenditures, and risks related to the deactivation of older generating units. Additionally, the company mentions potential impacts from litigation, changes in customer demand, and challenges in accessing capital markets.

Key Highlights

  • 1Disclosure of unaudited interim consolidated financial statements for FirstEnergy's subsidiary, Monongahela Power Company (MP), for the periods ending September 30, 2013 and 2012.
  • 2The financial statements are provided under Item 7.01 (Regulation FD Disclosure), meaning they are furnished and not deemed 'filed' for most purposes under the Securities Exchange Act.
  • 3This filing is primarily informational, making the subsidiary's financial performance data accessible to investors.
  • 4The report includes extensive forward-looking statements detailing numerous risks and uncertainties.
  • 5Key risks mentioned include regulatory impacts, volatile energy prices, environmental compliance costs, and potential litigation.
  • 6Capital expenditure timing and costs, particularly related to generating unit deactivation and environmental regulations, are highlighted as areas of uncertainty.

Frequently Asked Questions

The primary purpose of this Form 8-K is to publicly disclose the unaudited interim consolidated financial statements for FirstEnergy's subsidiary, Monongahela Power Company (MP), for the three and nine months ended September 30, 2013, and 2012, under Regulation FD.

No, the information furnished under Item 7.01, including the MP financial statements, is generally not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, and therefore does not subject FirstEnergy to liabilities under that section, unless expressly incorporated into another filing.

FirstEnergy highlights a broad range of risks, including regulatory and legal uncertainties, fluctuations in energy and commodity prices, costs associated with environmental regulations and compliance, potential impacts of litigation, changes in customer demand, and challenges related to capital expenditures and the deactivation of older power generation units.

The disclosure provides investors with insight into the financial performance of a key subsidiary, Monongahela Power Company, which can be important for understanding the overall financial health and operational trends of the parent company, FirstEnergy Corp.