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FirstEnergy Holds 2024 Annual Meeting

FirstEnergy Holds 2024 Annual Meeting

FirstEnergy舉行2024年年會
第一能源 ·  05/22 12:00

President and CEO Brian X. Tierney highlights company's progress and strong position in shareholder address

總裁兼首席執行官布萊恩·蒂爾尼在股東講話中強調了公司的進展和強勢地位

Company announces preliminary voting results

公司公佈初步投票結果

AKRON, Ohio, May 22, 2024 -- Speaking at the company's 2024 Annual Meeting of Shareholders, FirstEnergy Corp. (NYSE: FE) President and Chief Executive Officer Brian X. Tierney said FirstEnergy has become a stronger and more resilient company with a foundation of integrity and a very bright future.

俄亥俄州阿克倫市,2024年5月22日——FirstEnergy Corp.(紐約證券交易所代碼:FE)總裁兼首席執行官布萊恩·蒂爾尼在公司2024年年度股東大會上發表講話時說,FirstEnergy已成爲一家更強大、更具韌性的公司,擁有誠信的基礎和光明的未來。

"We have a strong foundation, clear focus and robust strategy to deliver long-term value to our shareholders, customers, communities and employees," he said.

他說:“我們有堅實的基礎、明確的重點和穩健的戰略,可以爲我們的股東、客戶、社區和員工創造長期價值。”

Tierney said FirstEnergy is building on its progress with the goal of becoming one of the nation's premier electric companies. To realize that goal, the company is executing on a business model encompassing four components: investing, operating, recovering costs and financing.

蒂爾尼說,FirstEnergy正在取得進展的基礎上再接再厲,目標是成爲美國首屈一指的電力公司之一。爲了實現這一目標,該公司正在執行一種包含四個組成部分的商業模式:投資、運營、回收成本和融資。

"This business model creates a Virtuous Cycle that will help improve reliability, grow rate base, engage employees, improve returns and maintain a strong balance sheet," he said.

他說:“這種商業模式創造了一個良性循環,這將有助於提高可靠性,增長利率基礎,吸引員工,提高回報並維持強勁的資產負債表。”

Tierney discussed the interconnection between each component of the cycle and the company's recent progress in each of these areas, including its customer-focused, $26 billion grid modernization plan, Energize365. He also highlighted a new operating structure that better supports execution at the local level, where it can make a positive difference for customers, recent regulatory milestones and significant improvements to the company's balance sheet that support growth, enabled recent increases in dividend payments for investors and led to upgrades to investment-grade credit ratings by the major rating agencies.

蒂爾尼討論了週期中每個組成部分之間的相互關聯以及該公司最近在每個領域取得的進展,包括其以客戶爲中心、耗資260億美元的電網現代化計劃Energize365。他還強調了新的運營結構,該結構可以更好地支持地方層面的執行,從而爲客戶帶來積極影響,最近的監管里程碑和公司資產負債表的重大改善支持增長,促成了近期投資者股息支付的增加,並導致主要評級機構上調了投資級信用評級。

"Our goal is to continue impacting each phase of the cycle in a positive way to build on our momentum and benefit all of our stakeholders," Tierney said. "Together with our unwavering commitment to ethics and integrity, performance excellence and continuous improvement, we are confident that strong execution of the virtuous business cycle model will help us achieve our strategic objectives and deliver value."

蒂爾尼說:“我們的目標是繼續以積極的方式影響週期的每個階段,以鞏固我們的勢頭,使所有利益相關者受益。”“再加上我們對道德和誠信、卓越績效和持續改進的堅定承諾,我們相信,良性商業週期模式的強有力執行將有助於我們實現戰略目標和創造價值。”

Tierney said FirstEnergy's commitment to responsible business, grounded in strong governance, is at the heart of its business model and woven through each step of the Virtuous Cycle.

蒂爾尼說,FirstEnergy對負責任業務的承諾建立在強有力的治理基礎上,是其商業模式的核心,貫穿良性循環的每一個步驟。

"We're committed to supporting our customers and employees and demonstrating stewardship of the environment and our communities," he said. "Responsible business is good business that helps us refine and execute our strategies, and it's a hallmark of excellent companies."

他說:“我們致力於支持我們的客戶和員工,表現出對環境和社區的管理。”“負責任的企業是幫助我們完善和執行戰略的好企業,也是優秀公司的標誌。”

Tierney's presentation and remarks are available in the Newsroom on firstenergycorp.com.

Tierney 的演講和講話可參見 firstenergycorp.com 上的新聞編輯室

Preliminary Voting Results

初步投票結果

FirstEnergy also announced preliminary voting results from its 2024 Annual Meeting. Shareholders reelected 10 directors to new one-year terms on the company's Board and ratified the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2024. Shareholders approved, on an advisory basis, named executive officer compensation.

FirstEnergy還公佈了其2024年年會的初步投票結果。股東們再次選舉了10名董事擔任公司董事會的新任期,並批准任命普華永道會計師事務所爲公司2024年的獨立註冊會計師事務所。股東們在諮詢的基礎上批准了執行官的指定薪酬。

Preliminary results indicate shareholders did not approve three shareholder proposals, which sought a report integrating climate metrics to compensation plans, changes to the company's compensation recoupment policy and a report related to the costs of the company's climate strategy.

初步結果顯示,股東沒有批准三項股東提案,這三項提案要求提交一份將氣候指標納入薪酬計劃的報告,修改公司的薪酬補償政策,以及一份與公司氣候戰略成本相關的報告。

All preliminary voting results are subject to final certification and will be filed with the Securities and Exchange Commission on a Form 8-K.

所有初步投票結果均有待最終認證,並將通過表格8-K提交給美國證券交易委員會。

The following directors were elected to one-year terms:

以下董事當選的任期爲一年:

  • Heidi L. Boyd, Senior Managing Director, Blackstone Inc.

  • Jana T. Croom, Chief Financial Officer, Kimball Electronics, Inc.

  • Steven J. Demetriou, Executive Chair of the Board of Directors of Jacobs Solutions Inc.

  • Lisa Winston Hicks, Lead Independent Director of the Board and retired Board Chair of MV Transportation, Inc.

  • Paul Kaleta, retired Executive Vice President, General Counsel, Federal Affairs, Chief Compliance Officer and Corporate Secretary at First Solar, Inc.; Managing Director of SERC Consulting LLC

  • James F. O'Neil III, former Chief Executive Officer and Vice Chairman of Orbital Infrastructure Group

  • John W. Somerhalder, II, Non-Executive Board Chair of FirstEnergy; former Interim President and Chief Executive Officer of Center Point Energy, Inc.

  • Brian X. Tierney, President and Chief Executive Officer of FirstEnergy

  • Leslie M. Turner, retired Senior Vice President, General Counsel and Corporate Secretary of The Hershey Company

  • Melvin Williams, retired President of Nicor Gas and Senior Vice President of Southern Company Gas

  • 黑石公司高級董事總經理海蒂·博伊德

  • Jana T. Croom,Kimball Electronics, Inc. 首席財務官

  • Steven J. Demetriou,Jacobs Solutions Inc. 董事會執行主席

  • 麗莎·溫斯頓·希克斯,MV Transportation, Inc.董事會首席獨立董事兼退休董事會主席

  • 保羅·卡萊塔,First Solar, Inc. 退休執行副總裁、聯邦事務總法律顧問、首席合規官兼公司秘書;SERC Consulting LLC董事總經理

  • 詹姆斯·奧尼爾三世,軌道基礎設施集團前首席執行官兼副主席

  • 約翰·薩默海爾德,二世,FirstEnergy非執行董事會主席;Center Point Energy, Inc.前臨時總裁兼首席執行官

  • Brian X. Tierney,FirstEnergy 總裁兼首席執行官

  • 萊斯利·特納,好時公司退休高級副總裁、總法律顧問兼公司秘書

  • 梅爾文·威廉姆斯,尼科天然氣公司退休總裁兼南方天然氣公司高級副總裁

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 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 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約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: News Media Contact, Tricia Ingraham, (330) 384-5247; Investor Contact, Irene Prezelj, (330) 384-3859

聯繫人:新聞媒體聯繫人特里西婭·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。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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