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FirstEnergy Corporation (FE)

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Anthony J. Alexander , CEO/President/Director

www.firstenergycorp.com

Industry: Energy and Utilities

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Financials

Overview

The Company's business is the holding, directly or indirectly, all of the outstanding common stock of its eight electric utility operating subsidiaries: OE, CEI, TE, Penn, ATSI, JCP&L, Met-Ed and Penelec.

News Feeds

Analyst cuts FirstEnergy estimates for 3Q, year AP
Oct 07 2008
More Ohio utility customers seeing light AP
Sep 19 2008

Press Releases

Jersey Central Power & Light Files Solar Renewable Energy Financing Proposal Sep-30-2008, 02:29PM EDT
Service Restoration Nearly Complete for FirstEnergy Utility Customers Affected by Storm Sep-20-2008, 10:03AM EDT
Service Has Been Restored to Approximately 970,000 of the One Million Customers Affected by the Wind Storm Sep-19-2008, 11:35AM EDT
Service Restored to 930,000 Customers of FirstEnergy Utilities Sep-18-2008, 11:57AM EDT
FirstEnergy CEO to Speak at Merrill Lynch Power & Gas Leaders Conference; Webcast Available Sep-17-2008, 11:40AM EDT

News From Around the Web

News

Electric utility rate hike to benefit customers (Toledo Blade)

Oct 12 2008
FirstEnergy is in the green (Akron Beacon Journal, Ohio)

Oct 11 2008
FirstEnergy issues letter of certainty to investors (cleveland.com)

Oct 11 2008
FirstEnergy reassures investors about available credit (cleveland.com)

Oct 10 2008
FirstEnergy says that its liquidity position remains strong (Platts)

Oct 09 2008
Electric hike sparks worries (Akron Beacon Journal, Ohio)

Oct 09 2008
Analyst lowers FirstEnergy estimates for 3rd qtr, year on mild summer, recent storms (Canadian Business Online)

Oct 07 2008
IT links to blackout under scrutiny (Computerworld)

Aug 18 2008
Software failure cited in August blackout investigation (Computerworld)

Aug 18 2008
IT Links to Blackout Investigated (Computerworld)

Aug 15 2008

Employees

Number of Employees: 14,534

Revenue per Employee: $887,474

Top Executives

Mark T. Clark, Executive VP, Divisional

Richard H. Marsh, CFO/Senior VP

J. J. Hagan, President, Subsidiary/Other Executive Officer

T. M. Welsh, Senior VP/Other Corporate Officer

B. S. Ewing, Vice President, Subsidiary

Richard R. Grigg, Executive VP/President, Subsidiary

D. R. Schneider, Senior VP, Subsidiary

C. D. Lasky, Vice President, Subsidiary

Mark A. Julian, Vice President, Subsidiary

A. Jamshidi, Vice President, Subsidiary

D. C. Luff, Senior VP, Divisional

Harvey L. Wagner, Vice President/Controller/Chief Accounting Officer

Kathryn W. Dindo, Chief Risk Officer/Vice President

Gary R. Leidich, Executive VP/President, Subsidiary

Stanley C. Van Ness, Other Corporate Officer

G. L. Pipitone, Subsidiary President

J. F. Pearson, Vice President, Subsidiary/Other Corporate Officer

J. M. Murray, President, Subsidiary

David M. S. Elliott, President, Subsidiary

G. E. Persson, Other Corporate Officer

Stephen E. Morgan, Subsidiary President

W. D. Byrd, Vice President, Divisional/Chief Risk Officer

Leila L. Vespoli, Executive VP, Subsidiary/Other Corporate Officer

L. M. Cavalier, Senior VP, Divisional

Charles E. Jones, Senior VP, Subsidiary

Board of Directors

William T. Cottle, Director

Carol A. Cartwright, Director

Paul T. Addison, Director

Michael J. Anderson, Director

Ernest J. Novak, Jr., Director

Jesse T. Williams, Sr., Director

Wes M. Taylor, Director

Robert B. Heisler, Jr., Director

Catherine A. Rein, Director

George M. Smart, Chairman of the Board/Director

Financials

Quarterly

Annual

Income Statement	08/2008	05/2008	02/2008	10/2007
Sales	2.14 Bil.	1.98 Bil.	2.02 Bil.	2.23 Bil.
Gross Operating Profit	923 Mil.	1.09 Bil.	896 Mil.	1.22 Bil.
Operating Income before D & A (EBITDA)	923 Mil.	1.09 Bil.	896 Mil.	1.22 Bil.
Total Income Before Interest Expenses (EBIT)	598 Mil.	770 Mil.	627 Mil.	880 Mil.
Total Net Income	263 Mil.	276 Mil.	268 Mil.	413 Mil.
Basic EPS, Total	0.86	0.91	0.88	1.36
Diluted EPS, Total	0.85	0.9	0.87	1.34

BALANCE STATEMENT	08/2008	05/2008	02/2008	10/2007
Cash and Equivalents	70 Mil.	70 Mil.	129 Mil.	30 Mil.
Total Assets	2.84 Bil.	2.37 Bil.	2.23 Bil.	2.41 Bil.
Total Liabilities	7.14 Bil.	6.17 Bil.	5.15 Bil.	5.38 Bil.
Total Capitalization	17.82 Bil.	17.32 Bil.	17.85 Bil.	17.38 Bil.

Cash Flow	08/2008	05/2008	02/2008	10/2007
Net Cash From Continuing Operations	316 Mil.	356 Mil.	1.69 Bil.	1.15 Bil.
Net Cash From Investing Activities	-1.6 Bil.	-642 Mil.	-313 Mil.	231 Mil.
Net Cash From Financing Activities	1.23 Bil.	227 Mil.	-1.34 Bil.	-1.44 Bil.
Net Change in Cash & Cash Equivalents	-59 Mil.	-59 Mil.	39 Mil.	-60 Mil.

Income Statement	2008	2007	2006	2005
Sales	8 Bil.	7.13 Bil.	7.65 Bil.	7.95 Bil.
Gross Operating Profit	4.05 Bil.	3.65 Bil.	3.63 Bil.	3.82 Bil.
Operating Income before D & A (EBITDA)	4.05 Bil.	3.65 Bil.	3.63 Bil.	3.82 Bil.
Total Income Before Interest Expenses (EBIT)	2.94 Bil.	2.76 Bil.	2.28 Bil.	2.21 Bil.
Total Net Income	1.31 Bil.	1.25 Bil.	861 Mil.	878.18 Mil.
Basic EPS, Total	4.27	3.84	2.62	2.68
Diluted EPS, Total	4.22	3.81	2.61	2.67

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	129 Mil.	90 Mil.	64 Mil.	52.94 Mil.
Total Assets	2.23 Bil.	2.08 Bil.	2.32 Bil.	2.01 Bil.
Total Liabilities	5.15 Bil.	5.26 Bil.	5.45 Bil.	3.31 Bil.
Total Capitalization	17.85 Bil.	17.57 Bil.	17.34 Bil.	18.6 Bil.

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	1.69 Bil.	1.94 Bil.	2.24 Bil.	1.88 Bil.
Net Cash From Investing Activities	-313 Mil.	-1.11 Bil.	-1.33 Bil.	-481.21 Mil.
Net Cash From Financing Activities	-1.34 Bil.	-804 Mil.	-876 Mil.	-1.46 Bil.
Net Change in Cash & Cash Equivalents	39 Mil.	26 Mil.	11 Mil.	-61.03 Mil.

FirstEnergy Corporation (FE)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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