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Firstenergy Corp (FE) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Firstenergy Corp

CIK: 1031296 Ticker: FE


Exhibit 99.1

FirstEnergy Corp.                    For Release: February 20, 2018
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 2017 Financial Results
Provides 2018 Guidance,
Announces 2018-2021 Regulated Growth Projection of 6-8%,
Plans More Than $10 billion in Capital Investments

Akron, Ohio - FirstEnergy Corp. (NYSE: FE) today reported full-year 2017 GAAP losses of $(1.7) billion, or $(3.88) per basic and diluted share of common stock on revenues of $14 billion. In 2016, the company recorded GAAP losses of $(6.2) billion, or $(14.49) per basic and diluted share of common stock, on revenue of $14.6 billion. Results for both periods primarily reflect the impact of non-cash asset impairment and plant exit costs related to the company’s competitive generation fleet, and 2017 results also include a charge related to the Tax Cuts and Jobs Act.

Operating (non-GAAP) earnings* for 2017 were $3.07 per basic share of common stock, which was at the upper end of the company’s most recent guidance. In 2016, operating (non-GAAP) earnings were $2.63 per basic share of common stock.

“Throughout the past year, our company has made important progress in our transition to a fully regulated utility,” said Charles E. Jones, FirstEnergy president and chief executive officer. “This strategy and the opportunities for growth in our regulated businesses earned the confidence of prominent investors. With their equity investment earlier this year, we began 2018 with stronger corporate financial metrics, and we are well positioned to accelerate growth in our transmission and distribution businesses, as we continue our exit from competitive generation.”

The company is introducing 2018 regulated operating (non-GAAP) earnings** guidance of $2.25 to $2.55 per diluted share, representing operating earnings from the regulated distribution and transmission businesses, net of the corporate segment. The company also announced a compound annual growth rate projection for its regulated operations, excluding the Ohio DMR and offset by the corporate

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The following information was filed by Firstenergy Corp (FE) on Tuesday, February 20, 2018 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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Firstenergy Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Inside Firstenergy Corp's 10-K Annual Report:

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 (deficit) (firstenergy Solutions Corp.)
Consolidated Statements Of Common Stockholders' Equity (deficit) (firstenergy Solutions Corp.) (parenthetical)
Consolidated Statements Of Common Stockholders' Equity (firstenergy Corp.)
Consolidated Statements Of Common Stockholders' Equity (firstenergy Corp.) (parenthetical)
Consolidated Statements Of Comprehensive Income (loss) (firstenergy Corp.)
Consolidated Statements Of Income (loss) (firstenergy Corp.)
Consolidated Statements Of Income (loss) (firstenergy Corp.) (parenthetical)
Consolidated Statements Of Income (loss) And Comprehensive Income (loss) (firstenergy Solutions Corp.)
Consolidated Statements Of Income (loss) And Comprehensive Income (loss) (firstenergy Solutions Corp.) (parenthetical)
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)
Asset Sales And Impairments
Asset Sales And Impairments (details 1)
Asset Sales And Impairments (details 2)
Asset Sales And Impairments (tables)
Capitalization
Capitalization (details 1)
Capitalization (details 2)
Capitalization (details 3)
Capitalization (details Textuals)
Capitalization (details)
Capitalization (tables)
Commitments, Guarantees And Contingencies
Commitments, Guarantees And Contingencies (details)
Commitments, Guarantees And Contingencies (tables)
Commitments, Guarantees And Contingencies - Clean Air Act And Climate Change (details)
Commitments, Guarantees And Contingencies - Clean Water Act And Regulation Of Waste Disposal (details)
Commitments, Guarantees And Contingencies - Nuclear Insurance, Commitments And Collateral (details)
Commitments, Guarantees And Contingencies - Other Legal Proceedings (details)
Derivative Instruments
Derivative Instruments (details 1)
Derivative Instruments (details 2)
Derivative Instruments (details 3)
Derivative Instruments (details 4)
Derivative Instruments (details Textuals)
Derivative Instruments (details)
Derivative Instruments (tables)
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 Textuals)
Fair Value Measurements (details)
Fair Value Measurements (tables)
Intangible Assets
Intangible Assets (details)
Intangible Assets (tables)
Leases
Leases (details 1)
Leases (details 2)
Leases (details Textuals)
Leases (details)
Leases (tables)
Organization And Basis Of Presentation (details 1)
Organization And Basis Of Presentation (details 2)
Organization And Basis Of Presentation (details 3)
Organization And Basis Of Presentation (details 4)
Organization And Basis Of Presentation (details 5)
Organization And Basis Of Presentation (details Textuals)
Organization And Basis Of Presentation (details)
Organization And Basis Of Presentation (policies)
Organization And Basis Of Presentation (tables)
Organization, Basis Of Presentation
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 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 - Maryland And New Jersey (details)
Regulatory Matters - Ohio (details)
Regulatory Matters - Pennsylvania And West Virginia (details)
Regulatory Matters - Reliability And Ferc 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 Textuals)
Stock-based Compensation Plans (details)
Stock-based Compensation Plans (tables)
Subsequent Events
Subsequent Events (details)
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 Textuals)
Taxes (details)
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: 0001031296-18-000015
Submitted to the SEC: Tue Feb 20 2018 4:54:49 PM EST
Accepted by the SEC: Tue Feb 20 2018
Period: Sunday, December 31, 2017
Industry: Electric Services

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