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Firstenergy Corp (FE) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Firstenergy Corp

CIK: 1031296 Ticker: FE

FirstEnergy Corp.                    For Release: February 25, 2014
76 South Main Street
Akron, Ohio 44308
www.firstenergycorp.com    

News Media Contact:                Investor Contact:
Tricia Ingraham                    Irene Prezelj
(330) 384-5247                    (330) 384-3859



FirstEnergy Announces Fourth Quarter
and Full Year 2013 Unaudited Results
Affirms 2014 Earnings Guidance

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

Document And Entity Information
Consolidated Valuation And Qualifying Accounts
Consolidated Valuation And Qualifying Accounts (details)
Consolidated Balance Sheets (firstenergy Corp.)
Consolidated Balance Sheets (firstenergy Corp.) (parenthetical)
Consolidated Balance Sheets (firstenergy Solutions Corp.)
Consolidated Balance Sheets (firstenergy Solutions Corp.) (parenthetical)
Consolidated Statements Of Cash Flows (firstenergy Corp.)
Consolidated Statements Of Cash Flows (firstenergy Solutions Corp.)
Consolidated Statements Of Common Stockholders' Equity (firstenergy Corp.)
Consolidated Statements Of Common Stockholders' Equity (firstenergy Corp.) (parenthetical)
Consolidated Statements Of Common Stockholders' Equity (firstenergy Solutions Corp.)
Consolidated Statements Of Common Stockholders' Equity (firstenergy Solutions Corp.) (parenthetical)
Consolidated Statements Of Comprehensive Income (firstenergy Corp.)
Consolidated Statements Of Income (firstenergy Corp.)
Consolidated Statements Of Income (firstenergy Corp.) (parenthetical)
Consolidated Statements Of Income And Comprehensive Income (firstenergy Solutions Corp.)
Consolidated Statements Of Income And Comprehensive Income (firstenergy Solutions Corp.) (parenthetical)
(notes)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (details 1)
Accumulated Other Comprehensive Income (details)
Accumulated Other Comprehensive Income (tables)
Asset Retirement Obligations
Asset Retirement Obligations (details)
Asset Retirement Obligations (tables)
Capitalization
Capitalization (details 1)
Capitalization (details 2)
Capitalization (details 3)
Capitalization (details 4)
Capitalization (details Textuals)
Capitalization (details)
Capitalization (tables)
Commitments, Guarantees And Contingencies
Commitments, Guarantees And Contingencies (details Textuals)
Commitments, Guarantees And Contingencies (details)
Commitments, Guarantees And Contingencies (tables)
Derivative Instruments
Derivative Instruments (details 1)
Derivative Instruments (details 2)
Derivative Instruments (details 3)
Derivative Instruments (details 4)
Derivative Instruments (details 5)
Derivative Instruments (details Textuals)
Derivative Instruments (details)
Derivative Instruments (tables)
Discontinued Operations And Assets Held For Sale (details)
Fair Value Measurements
Fair Value Measurements (details 1)
Fair Value Measurements (details 2)
Fair Value Measurements (details 3)
Fair Value Measurements (details 4)
Fair Value Measurements (details 5)
Fair Value Measurements (details 6)
Fair Value Measurements (details Textuals)
Fair Value Measurements (details)
Fair Value Measurements (tables)
Impairment Of Long-lived Assets
Impairment Of Long-lived Assets (details)
Impairment Of Long-lived Assets (tables)
Intangible Assets
Intangible Assets (details)
Intangible Assets (tables)
Leases
Leases (details 1)
Leases (details 2)
Leases (details Textuals)
Leases (details)
Leases (tables)
Merger
Merger (details 1)
Merger (details 2)
Merger (details 3)
Merger (details Textuals)
Merger (details)
Merger (tables)
Organization, Basis Of Presentation And Significant Accounting Policies
Organization, Basis Of Presentation And Significant Accounting Policies (details 1)
Organization, Basis Of Presentation And Significant Accounting Policies (details 2)
Organization, Basis Of Presentation And Significant Accounting Policies (details 3)
Organization, Basis Of Presentation And Significant Accounting Policies (details 4)
Organization, Basis Of Presentation And Significant Accounting Policies (details 5)
Organization, Basis Of Presentation And Significant Accounting Policies (details Textuals)
Organization, Basis Of Presentation And Significant Accounting Policies (details)
Organization, Basis Of Presentation And Significant Accounting Policies (policies)
Organization, Basis Of Presentation And Significant Accounting Policies (tables)
Pension And Other Postemployment Benefits
Pension And Other Postemployment Benefits (details 1)
Pension And Other Postemployment Benefits (details 10)
Pension And Other Postemployment Benefits (details 11)
Pension And Other Postemployment Benefits (details 2)
Pension And Other Postemployment Benefits (details 3)
Pension And Other Postemployment Benefits (details 4)
Pension And Other Postemployment Benefits (details 5)
Pension And Other Postemployment Benefits (details 6)
Pension And Other Postemployment Benefits (details 7)
Pension And Other Postemployment Benefits (details 8)
Pension And Other Postemployment Benefits (details 9)
Pension And Other Postemployment Benefits (details Textuals)
Pension And Other Postemployment Benefits (details)
Pension And Other Postemployment Benefits (tables)
Regulatory Matters
Regulatory Matters (details)
Segment Information
Segment Information (details Textuals)
Segment Information (details)
Segment Information (tables)
Short-term Borrowings And Bank Lines Of Credit
Short-term Borrowings And Bank Lines Of Credit (details 1)
Short-term Borrowings And Bank Lines Of Credit (details 2)
Short-term Borrowings And Bank Lines Of Credit (details Textuals)
Short-term Borrowings And Bank Lines Of Credit (details)
Short-term Borrowings And Bank Lines Of Credit (tables)
Stock-based Compensation Plans
Stock-based Compensation Plans (details 1)
Stock-based Compensation Plans (details 2)
Stock-based Compensation Plans (details 3)
Stock-based Compensation Plans (details 4)
Stock-based Compensation Plans (details 5)
Stock-based Compensation Plans (details 6)
Stock-based Compensation Plans (details 7)
Stock-based Compensation Plans (details Textuals)
Stock-based Compensation Plans (details)
Stock-based Compensation Plans (tables)
Summary Of Quarterly Financial Data (unaudited)
Summary Of Quarterly Financial Data (unaudited) (details)
Summary Of Quarterly Financial Data (unaudited) (tables)
Supplemental Guarantor Information
Supplemental Guarantor Information (details 1)
Supplemental Guarantor Information (details 2)
Supplemental Guarantor Information (details)
Supplemental Guarantor Information (tables)
Taxes
Taxes (details 1)
Taxes (details 2)
Taxes (details 3)
Taxes (details 4)
Taxes (details 5)
Taxes (details 6)
Taxes (details)
Taxes (details) (textuals)
Taxes (tables)
Transactions With Affiliated Companies
Transactions With Affiliated Companies (details)
Transactions With Affiliated Companies (tables)
Variable Interest Entities
Variable Interest Entities (details Textuals)
Variable Interest Entities (details)
Variable Interest Entities (tables)
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

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