Firstenergy Corp (FE) 10-K Annual Report February 2014

Akron, Ohio – FirstEnergy Corp. (NYSE: FE) today announced fourth quarter 2013 basic operating earnings* of $0.75 per share of common stock. These results exclude the impact of the special items listed below. This compares to basic operating earnings of $0.80 per share of common stock in the fourth quarter of 2012.

On a GAAP basis, the company reported unaudited basic and diluted earnings of $0.34 per share of common stock in the fourth quarter of 2013 on earnings of $142 million and revenue of $3.6 billion. In the fourth quarter of 2012, the company reported a basic and diluted loss of $0.35 per share, on a loss of $148 million, with revenue of $3.5 billion.

“Our solid results for the fourth quarter and the full year of 2013 are at the upper end of our guidance,” said FirstEnergy President and Chief Executive Officer Anthony J. Alexander. “We also took a series of decisive actions during 2013 that were intended to strengthen our financial position and reposition the company to focus on more predictable and stable growth initiatives in our regulated businesses. This growth strategy features a $4.2 billion planned investment in our transmission business over the next four years.”

Fourth quarter 2013 operating earnings benefited from higher distribution revenues, higher regulated generation operating margin – primarily related to the Harrison Plant asset transfer in the fourth quarter of 2013 – and increased investment income and lower interest expense compared to the prior-year period. Results were negatively impacted by lower

The following information was filed by Firstenergy Corp (FE) on Tuesday, February 25, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Firstenergy Corp provided additional information to their SEC Filing as exhibits

Exhibit 10.3: Material Contract

Exhibit 10.4: Material Contract

Exhibit 10.5: Material Contract

Exhibit 10.6: Material Contract

Exhibit 10.8: Material Contract

Exhibit 10.9: Material Contract

Exhibit 10.11: Material Contract

Exhibit 10.12: Material Contract

Exhibit 10.25: Material Contract

Exhibit 10.27: Material Contract

Exhibit 10.29: Material Contract

Exhibit 10.30: Material Contract

Exhibit 10.44: Material Contract

Exhibit 12: Statement Regarding Calculation Of Ratios

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32: Section 1350 Certification

Ticker: FE
CIK: 1031296
Form Type: 10-K Annual Report
Accession Number: 0001031296-14-000010
Submitted to the SEC: Thu Feb 27 2014 3:10:55 PM EST
Accepted by the SEC: Thu Feb 27 2014
Period: Tuesday, December 31, 2013
Industry: Electric Services