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FirstEnergy Holds 2016 Annual Meeting

FirstEnergy Corp. (NYSE: FE) President and Chief Executive Officer Charles E. Jones told shareholders at today’s Annual Meeting that the company has made good progress on a number of its key initiatives, while focusing its efforts on achieving more regulated, customer-centered growth.

Calling 2015 a “productive and pivotal year for FirstEnergy,” Jones cited the company’s achievements including the continued success of a multi-year transmission investment program, solid results from a cash flow improvement initiative, and the launch of a new branding campaign that showcases the company’s environmental commitment.  

A transcript of Jones' prepared remarks can be found here

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Davis-Besse Receives License Renewal from Nuclear Regulatory Commission

FirstEnergy Nuclear Operating Company (FENOC), a subsidiary of FirstEnergy Corp. (NYSE: FE), announced on December 8, 2015, that the Nuclear Regulatory Commission (NRC) has approved a 20-year license extension for the Davis-Besse Nuclear Power Station in Oak Harbor, Ohio, allowing the unit to operate until 2037.

The NRC's decision to renew Davis-Besse's license comes following extensive safety and environmental reviews, public meetings and comments.  The plant's original license was set to expire on April 22, 2017, and FENOC submitted a license renewal application to the NRC in 2010.  Davis-Besse is the 81st nuclear reactor in the United States to receive a license extension from the NRC.

Davis-Besse is capable of generating 908 megawatts, or enough electricity to power more than one million households.  In addition, plant operations displace more than 7.1 million metric tons of carbon dioxide annually, approximately the same amount of carbon dioxide released by more than 1.4 million cars each year.

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New Scam & Fraud Information Site

FirstEnergy has launched a Scam and Fraud Information section on its website to help raise awareness of fraudulent activity and educate utility customers about these threats to their personal safety and security.  The new site, available at www.firstenergycorp.com/scaminfo, describes known scams targeting utility customers, and provides tips and resources to help consumers identify fraudulent schemes.  

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Last Modified: November 22, 2016