8-KRegulation FDExhibits & Filings

FIRSTENERGY CORP 8-K Report, Regulation FD Disclosure (May 7, 2018)

Filed May 7, 2018For Securities:FE

Summary

FirstEnergy Corp. (FE) filed an 8-K on May 7, 2018, primarily to disclose unaudited interim financial statements for its subsidiary, Mid-Atlantic Interstate Transmission, LLC (MAIT), for the first quarters of 2018 and 2017. This filing, under Regulation FD, provides investors with a look into the financial performance of a key transmission subsidiary. While the MAIT financial statements themselves are not directly incorporated into FirstEnergy's SEC filings for liability purposes, they offer supplementary information regarding the operational and financial health of this specific segment of the company's business.

Key Highlights

  • 1Disclosure of unaudited interim financial statements for MAIT for Q1 2018 and Q1 2017.
  • 2Information provided under Regulation FD, meaning it is furnished, not filed, and does not subject FirstEnergy to liabilities under Section 18 of the Securities Exchange Act of 1934.
  • 3The MAIT financial statements are attached as Exhibit 99.1 and incorporated by reference into this Item 7.01 disclosure.
  • 4This filing offers transparency into the financial performance of a significant transmission subsidiary.
  • 5Investors can use these statements to assess the financial trends and contributions of MAIT to the broader FirstEnergy organization.
  • 6The filing does not constitute an admission of materiality regarding the disclosed information solely by reason of Regulation FD.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose the unaudited interim financial statements of FirstEnergy's subsidiary, Mid-Atlantic Interstate Transmission, LLC (MAIT), for the three months ended March 31, 2018, and March 31, 2017. This is done under Regulation FD.

No, the information provided under Item 7.01 of this 8-K, including the MAIT financial statements, is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. Therefore, it is not subject to the liabilities of that section, nor is it automatically incorporated into other FirstEnergy SEC filings unless expressly referenced.

Disclosing the financial statements of a subsidiary like MAIT provides investors with additional insight into the performance of specific segments of FirstEnergy's business. This allows for a more granular analysis of how key operating units are contributing to the overall financial picture of the parent company.

The MAIT financial statements provided in this filing cover the unaudited interim periods for the three months ended March 31, 2018, and the three months ended March 31, 2017.