FirstEnergy Announces First Quarter 2024 Financial Results
FirstEnergy Announces First Quarter 2024 Financial Results
Reports first quarter 2024 GAAP earnings of $0.44 per share and operating (non-GAAP) earnings of $0.55 per share, above the midpoint of guidance
報告稱,2024年第一季度GAAP每股收益爲0.44美元,經營(非公認會計准則)每股收益爲0.55美元,高於預期中點
Affirms targeted 6-8% long-term annual operating earnings per share growth
確認目標是實現6-8%的長期每股年營業收益增長
Increased total equity on balance sheet by 25% with closing on $3.5 billion FET LLC transaction; deployed $2.3 billion of proceeds; expects to receive remaining $1.2 billion later this year
FET LLC完成了35億美元的交易,資產負債表上的總股本增加了25%;部署了23億美元的收益;預計將在今年晚些時候收到剩餘的12億美元
AKRON, Ohio, April 25, 2024 -- FirstEnergy Corp. (NYSE: FE) today reported first quarter 2024 GAAP earnings of $253 million, or $0.44 per basic and diluted share, on revenue of $3.3 billion. This compares to first quarter 2023 GAAP earnings of $292 million, or $0.51 per basic and diluted share, on revenue of $3.2 billion. GAAP results include the impact of special items listed below.
俄亥俄州阿克倫市,2024年4月25日——FirstEnergy Corp.(紐約證券交易所代碼:FE)今天公佈的2024年第一季度GAAP收益爲2.53億美元,合每股基本和攤薄後每股收益0.44美元,收入爲33億美元。相比之下,2023年第一季度的GAAP收益爲2.92億美元,合每股基本收益和攤薄後每股收益0.51美元,收入爲32億美元。GAAP 結果包括下面列出的特殊項目的影響。
Operating (non-GAAP) earnings for the first quarter of 2024 were $0.55 per share, in the upper half of the company's guidance. In the first quarter of 2023 operating (non-GAAP) earnings were $0.60 per share.
2024年第一季度的運營(非公認會計准則)每股收益爲0.55美元,位於公司預期的上半部分。2023年第一季度,經營(非公認會計准則)每股收益爲0.60美元。
"Despite a mild winter, we're off to a solid start in 2024. Our first quarter financial results are above the midpoint of our guidance, reflecting strong execution across each of our businesses," said Brian X. Tierney, President and Chief Executive Officer. "We also completed a pivotal milestone in the company's transformation as we significantly strengthened our balance sheet, supporting long-term organic investments in our fully regulated businesses to enhance reliability and the customer experience. As a result of this progress, we were pleased to receive upgrades to investment grade ratings from both Moody's and S&P."
“儘管冬天溫和,但我們在2024年有了一個良好的開端。我們的第一季度財務業績高於預期的中點,這反映了我們每項業務的強勁執行力。” 總裁兼首席執行官布萊恩·蒂爾尼說。“我們還完成了公司轉型的關鍵里程碑,我們顯著加強了資產負債表,支持對完全受監管的業務進行長期有機投資,以增強可靠性和客戶體驗。由於這一進展,我們很高興穆迪和標準普爾都上調了投資等級評級。”
FirstEnergy provided a second quarter earnings guidance range of $290 million to $345 million, or $0.50 to $0.60 per share based on 576 million shares outstanding. The company also affirmed its 2024 operating (non-GAAP) earnings guidance range of $2.61 to $2.81 per share based on 576 million shares outstanding, and its long-term, 6% to 8% targeted annual operating earnings growth rate, which is based off the previous year's operating earnings guidance midpoint and supported by the company's refreshed and extended $26 billion, five-year capital investment plan, Energize365.
根據5.76億股已發行股票,FirstEnergy提供的第二季度收益指導區間爲2.9億美元至3.45億美元,合每股0.50美元至0.60美元。該公司還確認了其2024年經營(非公認會計准則)每股收益預期區間爲2.61美元至2.81美元,其長期目標年營業收益增長率爲6%至8%,該增長率基於去年的營業收益指導中點,並得到公司更新和延期的260億美元五年期資本投資計劃Energize365的支持。
First Quarter Results
第一季度業績
First quarter 2024 results primarily reflect the impact of recently approved base rate cases in Maryland, New Jersey and West Virginia, distribution capital investment riders and transmission rate base growth, and improved weather-related demand. These drivers were more than offset by higher planned operating expenses and financing costs.
2024年第一季度的業績主要反映了馬里蘭州、新澤西州和西弗吉尼亞州最近批准的基準利率案例、分銷資本投資附加條件和傳輸速率基準增長以及與天氣相關的需求改善的影響。更高的計劃運營費用和融資成本足以抵消這些驅動因素。
Total distribution deliveries increased 1.5% compared to the first quarter of 2023. While heating degree days were 5% higher than the historically mild first quarter of 2023, they remained 14% below normal. Usage increased 1% among residential customers and industrial sales increased 3%, while sales were essentially flat in the commercial sector.
與2023年第一季度相比,配送總交付量增長了1.5%。雖然升溫天數比歷史上溫和的2023年第一季度高出5%,但仍比正常水平低14%。住宅客戶的使用量增長了1%,工業銷售增長了3%,而商業部門的銷售額基本持平。
As previously announced, the company is introducing new segment reporting in 2024 to enhance transparency and align with its operating structure. Segment results for 2023 have been recast for comparative purposes. A full reconciliation is available in the company's Strategic and Financial Highlights document, available online at www.firstenergycorp.com/ir.
正如先前宣佈的那樣,該公司將在2024年推出新的分部報告,以提高透明度並與其運營結構保持一致。出於比較目的,對2023年的細分市場業績進行了重組。完整的對賬可在公司的賬單中找到 戰略和財務亮點 文檔,可在線獲取 www.firstenergycorp.com/ir。
FirstEnergy's Distribution segment includes its Ohio and Pennsylvania pure-play distribution-only companies. It represents $10.9 billion in 2023 rate base, serves 4.2 million customers, and accounts for about 45% of FirstEnergy's forecasted 2024 operating earnings.
FirstEnergy的分銷部門包括其俄亥俄州和賓夕法尼亞州的純粹分銷公司。按2023年基準利率計算,它爲109億美元提供服務,爲420萬名客戶提供服務,約佔FirstEnergy預測的2024年營業收益的45%。
First quarter operating earnings in the Distribution segment decreased compared to the first quarter of 2023 as higher revenues from capital investment programs and weather-related demand were offset by higher planned operating expenses incurred during 2024.
與2023年第一季度相比,分銷板塊的第一季度營業收益有所下降,原因是資本投資計劃和天氣相關需求的增加被2024年產生的計劃運營支出增加所抵消。
The Integrated segment includes FirstEnergy's Jersey Central Power & Light subsidiary, which operates distribution and transmission assets in New Jersey; Potomac Edison, which operates distribution and transmission in Maryland and West Virginia; and Monongahela Power, which operates distribution, transmission and generation in West Virginia. This segment represents $8.7 billion in 2023 rate base, serves 2 million customers, and accounts for about 35% of FirstEnergy's forecasted 2024 operating earnings.
綜合板塊包括FirstEnergy的澤西中央電力和照明子公司,該公司在新澤西州經營配電和輸電資產;波托馬克·愛迪生,在馬里蘭州和西弗吉尼亞州經營配電和輸電業務;以及在西弗吉尼亞州運營配電、輸電和發電的莫農加希拉電力公司。該細分市場在2023年基準利率爲87億美元,爲200萬客戶提供服務,約佔FirstEnergy預測的2024年營業收益的35%。
First quarter operating earnings in the Integrated segment increased compared to the first quarter of 2023, primarily due to the approval of recent base rate cases in Maryland, New Jersey and West Virginia, investments in formula rate capital programs, and higher weather-related demand. These items were offset, in part, by higher planned operating expenses.
與2023年第一季度相比,綜合板塊第一季度的營業收益有所增加,這主要是由於馬里蘭州、新澤西州和西弗吉尼亞州最近的基準利率案例獲得批准,對公式利率資本計劃的投資以及與天氣相關的需求增加。計劃運營開支的增加在一定程度上抵消了這些項目。
The Stand-Alone Transmission segment includes FirstEnergy's transmission-only subsidiaries, consisting of its ownership interest in FirstEnergy Transmission, LLC, as well as Keystone Appalachian Transmission Company. This segment represents $7.7 billion in 2023 rate base and accounts for about 20% of forecasted 2024 operating earnings.
獨立輸電板塊包括FirstEnergy的純輸電子公司,包括其在FirstEnergy Transmission, LLC的所有權以及Keystone Appalachian Transmission Company的所有權。按2023年基準利率計算,該細分市場爲77億美元,約佔2024年預計營業收益的20%。
First quarter operating earnings in the Stand-Alone Transmission segment increased compared to the first quarter of 2023, primarily due to rate base growth in formula rates from its capital investment program.
與2023年第一季度相比,獨立變速箱板塊的第一季度營業收益有所增加,這主要是由於其資本投資計劃公式利率的基準利率增長。
Finally, Corporate/Other primarily represents holding company interest, legacy investment in the Signal Peak coal mine, and retained pension and other postemployment benefits associated with former subsidiaries.
最後,公司/其他主要代表控股公司權益、對Signal Peak煤礦的傳統投資以及與前子公司相關的留存養老金和其他離職後福利。
First quarter results in Corporate/Other primarily reflect the expected lower earnings contribution from Signal Peak and higher interest costs associated with the $1.5 billion, May 2023 low-cost convertible debt issuance, partially offset by higher discrete income tax benefits.
公司/其他公司第一季度的業績主要反映了Signal Peak預期的較低收益貢獻以及與2023年5月15億美元低成本可轉換債券發行相關的利息成本的增加,但部分被更高的離散所得稅優惠所抵消。
Consolidated GAAP Earnings Per Share (EPS) to Operating (Non-GAAP) EPS Reconciliation | ||||||
Three Months Ended March 31, | ||||||
2024 |
2023 | |||||
Earnings Attributable to FirstEnergy Corp. (GAAP) - $M |
$253 |
$292 | ||||
Basic –EPS (GAAP) |
$0.44 |
$0.51 | ||||
Excluding Special Items: | ||||||
FE Forward cost to achieve |
0.01 |
0.05 | ||||
Investigation and other related costs |
0.03 |
0.03 | ||||
Regulatory charges (credits) |
(0.01) |
0.01 | ||||
Strategic transaction charges |
0.08 |
– | ||||
Total Special Items |
0.11 |
0.09 | ||||
Operating EPS (Non-GAAP) |
$0.55 |
$0.60 | ||||
Per share amounts for the special items above are based on the after-tax effect of each item divided by the number of shares outstanding for the period. The current and deferred income tax effect was calculated by applying the subsidiaries' statutory tax rate to the pre-tax amount if deductible/taxable. The income tax rate ranges from 21% to 29%. Basic EPS (GAAP) and Operating EPS (Non-GAAP) is based on 574 million shares outstanding for the first quarter 2024 and 572 million shares outstanding for the first quarter of 2023. |
合併的GAAP每股收益(EPS)與運營(非GAAP)每股收益對賬 | ||||||
截至3月31日的三個月 | ||||||
2024 |
2023 | |||||
歸屬於FirstEnergy Corp.(GAAP)的收益——百萬美元 |
253 美元 |
292 美元 | ||||
基本——每股收益(GAAP) |
0.44 美元 |
0.51 美元 | ||||
不包括特殊物品: | ||||||
FE 要實現的遠期成本 |
0.01 |
0.05 | ||||
調查和其他相關費用 |
0.03 |
0.03 | ||||
監管費用(積分) |
(0.01) |
0.01 | ||||
戰略交易費用 |
0.08 |
— | ||||
特殊物品總數 |
0.11 |
0.09 | ||||
營業每股收益(非公認會計准則) |
0.55 美元 |
0.60 美元 | ||||
上述特殊項目的每股金額是根據每個項目的稅後影響除以該期間已發行的股票數量計算得出的。當期和遞延所得稅的影響是通過將子公司的法定稅率應用於稅前金額(如果可扣除/應納稅)來計算的。所得稅稅率從21%到29%不等。基本每股收益(GAAP)和營業每股收益(非公認會計准則)基於2024年第一季度的5.74億股已發行股票和2023年第一季度的5.72億股已發行股票。 |
Non-GAAP Financial Measures
非公認會計准則財務指標
We refer to certain financial measures, including Baseline O&M, Operating earnings (loss) and Operating earnings (loss) per share ("EPS"), including by segment, as "non-GAAP financial measures," which are not calculated in accordance with U.S. Generally Accepted Accounting Principles (GAAP) and exclude the impact of "special items," on the following measures: Total revenues, Total operating expenses, Total other expense, and Earnings (loss) attributable to FirstEnergy Corp, as included in the table above. Management uses these non-GAAP financial measures to evaluate the company's and its segments' performance and manage its operations and frequently references these non-GAAP financial measures in its decision-making, using them to facilitate historical and ongoing performance comparisons. Management believes that the non-GAAP financial measures of Operating earnings (loss) and Operating EPS, including by segment, and Baseline O&M, provide consistent and comparable measures of performance of its businesses on an ongoing basis. Management also believes that such measures are useful to shareholders and other interested parties to understand performance trends and evaluate the company against its peer group by presenting period-over-period operating results without the effect of certain special items that may not be consistent or comparable across periods or across the company's peer group. These non-GAAP financial measures are intended to complement, and are not considered as alternatives to, the most directly comparable GAAP financial measures, which for Operating EPS is EPS attributable to FirstEnergy Corp. (GAAP), as reconciled in the above table. Also, such non-GAAP financial measures may not be comparable to similarly titled measures used by other entities.
我們將包括分部在內的某些財務指標,包括基準運維、營業收益(虧損)和每股營業收益(虧損)(“EPS”),稱爲 “非公認會計准則財務指標”,這些指標不是根據美國公認會計原則(GAAP)計算的,也不包括 “特殊項目” 對以下指標的影響:總收入、總運營支出、其他支出總額和歸屬於First的收益(虧損)能源公司,如上表所示。管理層使用這些非公認會計准則財務指標來評估公司及其細分市場的業績並管理其運營,並在決策中經常引用這些非公認會計准則財務指標,用它們來促進歷史和持續的業績比較。管理層認爲,非公認會計准則的營業收益(虧損)和營業每股收益(包括按細分市場劃分)和基準運維的財務指標,可以持續爲其業務業績提供一致和可比的衡量標準。管理層還認爲,此類衡量標準有助於股東和其他利益相關方了解業績趨勢,通過在不影響某些不同時期或公司同行群體之間可能不一致或不具有可比性的特殊項目影響的情況下呈現同期經營業績,對照同行評估公司。這些非公認會計准則財務指標旨在補充最直接可比的GAAP財務指標,但不被視爲其替代方案。如上表所示,營業每股收益是歸屬於FirstEnergy Corp.(GAAP)的每股收益。此外,此類非公認會計准則財務指標可能無法與其他實體使用的類似標題的指標進行比較。
Special items represent charges incurred or benefits realized that management believes are not indicative of, or may obscure trends useful in evaluating the company's ongoing core activities and results of operations or otherwise warrant separate classification. Operating EPS is calculated by dividing Operating earnings (loss), which excludes special items as discussed above, for the periods presented by the weighted average number of common shares outstanding in the respective period. Baseline O&M is calculated by excluding special items and other adjustments that are generally pass-through costs or recoverable under riders or other similar programs. Special Items for the period can be found in more detail in the Company's Strategic and Financial Highlights, available at www.firstenergycorp.com/ir.
特殊項目是指管理層認爲不代表或可能掩蓋趨勢的費用或實現的收益,這些趨勢有助於評估公司持續的核心活動和經營業績,或者需要以其他方式進行單獨分類。營業每股收益的計算方法是除以相應時期內已發行普通股的加權平均數(虧損)(不包括上文討論的特殊項目)。基準運維是通過排除特殊項目和其他調整來計算的,這些調整通常是直通成本,或者根據附加條件或其他類似計劃可以收回的。該期間的特殊物品可在公司的《戰略和財務摘要》中找到更多詳細信息,該摘要可在www.firstenergycorp.com/ir上查閱。
Forward-Looking Non-GAAP Measures
前瞻性非公認會計准則指標
A reconciliation of forward-looking non-GAAP measures, including 2024 Operating EPS, long-term annual Operating EPS growth projections and Baseline O&M forecasts, to the most directly comparable GAAP measures is not provided because comparable GAAP measures for such measures are not reasonably available without unreasonable efforts due to the inherent difficulty in forecasting and quantifying measures that would be necessary for such reconciliation. Specifically, management cannot, without unreasonable effort, predict the impact of these special items in the context of Operating EPS guidance, long-term annual Operating EPS growth rate projections and Baseline O&M forecasts because these items, which could be significant, are difficult to predict and may be highly variable. In addition, the company believes such a reconciliation would imply a degree of precision and certainty that could be confusing to investors. These special items are uncertain, depend on various factors and may have a material impact on our future GAAP results.
未提供前瞻性非公認會計准則指標(包括2024年營業每股收益、長期年度運營每股增長預測和基準運維預測)與最直接可比的GAAP指標的對賬,因爲如果不進行不合理的努力,就無法合理地獲得此類衡量標準的可比GAAP指標,因爲此類對賬所需的預測和量化指標存在固有的困難。具體而言,如果沒有不合理的努力,管理層就無法在運營每股收益指導、長期年度運營每股收益增長率預測和基準運維預測的背景下預測這些特殊項目的影響,因爲這些項目可能很重要,難以預測,而且可能變化很大。此外,該公司認爲,這樣的對賬將意味着一定程度的精確性和確定性,這可能會使投資者感到困惑。這些特殊項目不確定,取決於各種因素,可能會對我們未來的GAAP業績產生重大影響。
Investor Materials and Teleconference
投資者材料和電話會議
FirstEnergy's Strategic and Financial Highlights presentation is posted on the company's Investor Information website – www.firstenergycorp.com/ir. It can be accessed through the First Quarter 2024 Financial Results link. Important information may be disseminated initially or exclusively via the company's Investor Information website; investors should consult the site to access this information.
第一能量的 戰略和財務亮點 演示文稿發佈在公司的投資者信息網站上— www.firstenergycorp.com/ir。它可以通過以下方式訪問 2024 年第一季度財務業績 鏈接。重要信息可能最初或僅通過公司的投資者信息網站發佈;投資者應訪問該網站以獲取這些信息。
The company invites investors, customers and other interested parties to listen to a live webcast of its teleconference for financial analysts and view presentation slides at 10:00 a.m. EDT tomorrow. FirstEnergy management will present an overview of the company's financial results followed by a question-and-answer session. The teleconference and presentation can be accessed on the Investor Information website by selecting the First Quarter 2024 Earnings Webcast link. The webcast and presentation will be archived on the website.
該公司邀請投資者、客戶和其他有關各方在明天美國東部時間上午10點收聽其金融分析師電話會議的網絡直播,並觀看演示幻燈片。FirstEnergy管理層將概述公司的財務業績,然後進行問答環節。可以通過選擇 “投資者信息” 網站上訪問電話會議和演示文稿 2024 年第一季度業績網絡直播 鏈接。網絡直播和演示將在網站上存檔。
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on X, formerly known as Twitter, @FirstEnergyCorp.
FirstEnergy致力於實現完整性、安全性、可靠性和卓越運營。其配電公司是美國最大的投資者擁有的電力系統之一,爲俄亥俄州、賓夕法尼亞州、新澤西州、西弗吉尼亞州、馬里蘭州和紐約州的600多萬客戶提供服務。該公司的輸電子公司運營着超過24,000英里的輸電線路,連接中西部和中大西洋地區。在線關注 FirstEnergy www.firstenergycorp.com 而在 X 上,前身爲 Twitter, @FirstEnergyCorp。
Forward-Looking Statements: This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on information currently available to management. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "forecast," "target," "will," "intend," "believe," "project," "estimate," "plan" and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, which may include the following: the potential liabilities, increased costs and unanticipated developments resulting from government investigations and agreements, including those associated with compliance with or failure to comply with the Deferred Prosecution Agreement entered into July 21, 2021 with the U.S. Attorney's Office for the Southern District of Ohio; the risks and uncertainties associated with government investigations and audits regarding Ohio House Bill 6, as passed by Ohio's 133rd General Assembly ("HB 6") and related matters, including potential adverse impacts on federal or state regulatory matters, including, but not limited to, matters relating to rates; the risks and uncertainties associated with litigation, arbitration, mediation, and similar proceedings, particularly regarding HB 6 related matters, including risks associated with obtaining dismissal of the derivative shareholder lawsuits; changes in national and regional economic conditions, including recession, volatile interest rates, inflationary pressure, supply chain disruptions, higher fuel costs, and workforce impacts, affecting us and/or our customers and those vendors with which we do business; variations in weather, such as mild seasonal weather variations and severe weather conditions (including events caused, or exacerbated by climate changes, such as wildfires, hurricanes, flooding, droughts, high wind events and extreme heat events) and other natural disasters affecting future operating results and associated regulatory actions or outcomes in response to such conditions; legislative and regulatory developments, including, but not limited to, matters related to rates, compliance and enforcement activity, cyber security, and climate change; the risks associated with physical attacks, such as acts of war, terrorism, sabotage or other acts of violence, and cyber-attacks and other disruptions to our, or our vendors', information technology system, which may compromise our operations, and data security breaches of sensitive data, intellectual property and proprietary or personally identifiable information; the ability to meet our goals relating to employee, environmental, social and corporate governance opportunities, improvements, and efficiencies, including our greenhouse gas ("GHG") reduction goals; the ability to accomplish or realize anticipated benefits through establishing a culture of continuous improvement and our other strategic and financial goals, including, but not limited to, overcoming current uncertainties and challenges associated with the ongoing government investigations, executing Energize365, our transmission and distribution investment plan, executing on our rate filing strategy, controlling costs, improving credit metrics, maintaining investment grade ratings, and growing earnings, changing market conditions affecting the measurement of certain liabilities and the value of assets held in our pension trusts may negatively impact our forecasted growth rate, results of operations, and may also cause us to make contributions to our pension sooner or in amounts that are larger than currently anticipated; mitigating exposure for remedial activities associated with retired and formerly owned electric generation assets; changes to environmental laws and regulations, including but not limited to those related to climate change; changes in customers' demand for power, including but not limited to, economic conditions, the impact of climate change, emerging technology, particularly with respect to electrification, energy storage and distributed sources of generation; the ability to access the public securities and other capital and credit markets in accordance with our financial plans, the cost of such capital and overall condition of the capital and credit markets affecting us, including the increasing number of financial institutions evaluating the impact of climate change on their investment decisions; future actions taken by credit rating agencies that could negatively affect either our access to or terms of financing or our financial condition and liquidity; changes in assumptions regarding factors such as economic conditions within our territories, the reliability of our transmission and distribution system, or the availability of capital or other resources supporting identified transmission and distribution investment opportunities; the potential of non-compliance with debt covenants in our credit facilities; the ability to comply with applicable reliability standards and energy efficiency and peak demand reduction mandates; human capital management challenges, including among other things, attracting and retaining appropriately trained and qualified employees and labor disruptions by our unionized workforce; changes to significant accounting policies; any changes in tax laws or regulations, including, but not limited to, the Inflation Reduction Act of 2022, or adverse tax audit results or rulings; and the risks and other factors discussed from time to time in our Securities and Exchange Commission ("SEC") filings. Dividends declared from time to time on FirstEnergy Corp.'s common stock during any period may in the aggregate vary from prior periods due to circumstances considered by FirstEnergy Corp.'s Board of Directors at the time of the actual declarations. A security rating is not a recommendation to buy or hold securities and is subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating. These forward-looking statements are also qualified by, and should be read together with, the risk factors included in FirstEnergy Corp.'s (a) Item 1A. Risk Factors, (b) Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations, and (c) other factors discussed herein and in FirstEnergy's other filings with the SEC. The foregoing review of factors also should not be construed as exhaustive. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on FirstEnergy Corp.'s business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements. FirstEnergy Corp. expressly disclaims any obligation to update or revise, except as required by law, any forward-looking statements contained herein or in the information incorporated by reference as a result of new information, future events or otherwise.
前瞻性陳述: 根據管理層目前獲得的信息,本新聞稿包括1995年《私人證券訴訟改革法》所指的前瞻性陳述。此類陳述存在某些風險和不確定性,提醒讀者不要過分依賴這些前瞻性陳述。這些聲明包括有關管理層意圖、信念和當前預期的聲明。這些陳述通常包含(但不限於)“預期”、“潛在”、“預期”、“預測”、“目標”、“將”、“打算”、“相信”、“項目”、“估計”、“計劃” 等術語和類似詞語。前瞻性陳述涉及估計、假設、已知和未知風險、不確定性和其他因素,這些因素可能導致實際結果、業績或成就與此類前瞻性陳述所表達或暗示的任何未來業績、業績或成就存在重大差異,其中可能包括以下內容:政府調查和協議產生的潛在負債、增加的成本和意想不到的事態發展,包括與遵守或不遵守延期陳述相關的事態發展2021年7月21日與美國俄亥俄州南區檢察官辦公室簽訂的起訴協議;與俄亥俄州第133屆大會(“HB 6”)通過的俄亥俄州衆議院第6號法案的政府調查和審計相關的風險和不確定性,包括對聯邦或州監管事務的潛在不利影響,包括但不限於與利率有關的事項;與訴訟、仲裁、調解等相關的風險和不確定性訴訟,特別是有關HB 6的訴訟相關事項,包括與衍生股東訴訟被駁回相關的風險;影響我們和/或我們的客戶以及與我們有業務往來的供應商的國家和地區經濟狀況的變化,包括衰退、波動的利率、通貨膨脹壓力、供應鏈中斷、燃料成本上漲和勞動力影響;天氣變化,例如溫和的季節性天氣變化和惡劣天氣狀況(包括野火、颶風等氣候變化引起或加劇的事件)洪水、乾旱、強風事件和極端高溫事件)和其他自然災害,影響未來經營業績以及應對此類情況的相關監管行動或結果;立法和監管的發展,包括但不限於與費率、合規和執法活動、網絡安全和氣候變化有關的事項;與戰爭行爲、恐怖主義、破壞或其他暴力行爲等人身攻擊相關的風險,以及網絡攻擊和其他干擾向我們或我們的供應商提供信息可能危及我們運營的技術系統,以及敏感數據、知識產權和專有或個人身份信息的數據安全漏洞;實現與員工、環境、社會和公司治理機會、改進和效率相關的目標的能力,包括我們的溫室氣體(“GHG”)減排目標;通過建立持續改進文化實現或實現預期收益的能力,以及我們的其他戰略和財務目標,包括但不限於克服當前與正在進行的政府調查相關的不確定性和挑戰,執行我們的輸電和分銷投資計劃Energize365,執行我們的利率申報策略,控制成本,改善信貸指標,維持投資等級評級和收益增長,影響某些負債衡量和養老金信託所持資產價值的不斷變化可能會對我們的預測增長率、經營業績產生負面影響,也可能導致我們向以下方面捐款我們的養老金提前或金額超過目前的預期;減輕與退休和以前擁有的發電資產相關的補救活動的風險;環境法律法規的變化,包括但不限於與氣候變化有關的法律法規;客戶電力需求的變化,包括但不限於經濟狀況、氣候變化的影響、新興技術,尤其是與電氣化、儲能和分佈式發電有關的技術;獲得電力的能力公共證券及其他資本和信貸市場,這些資本的成本以及影響我們的資本和信貸市場的總體狀況,包括越來越多的金融機構評估氣候變化對其投資決策的影響;信用評級機構未來採取的可能對我們的融資渠道或條件或我們的財務狀況和流動性產生負面影響的行動;對我們內部經濟狀況等因素的假設變化領土、我們的輸電和配電系統的可靠性,或支持已確定的輸電和配電投資機會的資本或其他資源的可用性;我們的信貸額度中不遵守債務契約的可能性;遵守適用的可靠性標準和能源效率及峯值需求減少規定的能力;人力資本管理挑戰,包括吸引和留住經過適當培訓和合格的員工以及我們的勞動力中斷等加入工會的勞動力;重要會計政策的變化;稅收法律或法規的任何變化,包括但不限於《2022年通貨膨脹減少法》,或不利的稅務審計結果或裁決;以及我們在證券交易委員會(“SEC”)文件中不時討論的風險和其他因素。FirstEnergy Corp. 不時宣佈分紅。”由於FirstEnergy Corp.考慮的情況,任何時期的普通股總體上都可能與前一時期有所不同。”s 實際申報時的董事會。證券評級不是建議購買或持有證券,可由指定評級機構隨時修改或撤回。每個評級都應獨立於任何其他評級進行評估。這些前瞻性陳述還受到 FirstEnergy Corp. 中包含的風險因素的限制,應與風險因素一起閱讀。”(a) 第 1A 項。風險因素,(b) 第7項。管理層對財務狀況和經營業績的討論和分析,以及(c)此處和FirstEnergy向美國證券交易委員會提交的其他文件中討論的其他因素。上述對因素的審查也不應解釋爲詳盡無遺。新的因素不時出現,管理層無法預測所有這些因素,也無法評估任何此類因素對FirstEnergy Corp的影響。”的業務或任何因素或因素組合在多大程度上可能導致業績與任何前瞻性陳述中包含的結果存在重大差異。除法律要求外,FirstEnergy Corp. 明確表示不承擔因新信息、未來事件或其他原因更新或修改此處或以引用方式納入的信息中包含的任何前瞻性陳述的任何義務。
Contact: Tricia Ingraham, (330) 384-5247, Investor Contact: Irene Prezelj, (330) 384-3859
聯繫人:特里西婭·英格拉漢姆,(330)384-5247,投資者聯繫人:艾琳·普雷澤利,(330)384-3859
譯文內容由第三人軟體翻譯。