FirstEnergy's Energize365 program, a regulated distribution and transmission capital investment strategy, continues to be a focus. The company expects to spend approximately $26 billion in system-wide capital investments from 2024 through 2028.

On January 1, 2024, FirstEnergy consolidated its Pennsylvania Companies into FE PA. FirstEnergy continues to evaluate the legal, financial, operational and branding benefits of consolidating the Ohio Companies into a single Ohio power company.

FirstEnergy is making Distribution and Transmission investments in order to support improvements in grid reliability and resiliency and support interconnection of renewable sources, including through Clean Energy initiatives.

FirstEnergy is focused on improving reliability and the customer experience, and in its people to attract, retain and develop talented, diverse and engaged employees to carry out its mission.

FirstEnergy faced numerous financial headwinds in 2023, including weather and the impact of market conditions on its pension plan. Through a determined effort by its employees, FirstEnergy focused on the things within its control: managing costs, enhancing the customer experience and seeking opportunities for continuous improvement.

During the second quarter of 2024, FirstEnergy appointed four executives to oversee the Ohio, Pennsylvania, New Jersey and Transmission operations. FirstEnergy anticipates naming an executive to oversee its combined West Virginia and Maryland operations in the near term.

Physical risks of climate change such as flooding, wildfires, rising sea levels, and other related phenomena, resulting from more frequent or more extreme weather events and changes in temperature and precipitation patterns associated with climate change, could affect some, or all, of our operations.

The outcome of any of these lawsuits, governmental investigations and audit is uncertain and could have a material adverse effect on FE's or its subsidiaries' reputation, business, financial condition, results of operations, liquidity, and cash flows.

FirstEnergy is subject to regulatory risks related to ongoing proceedings and potential changes in regulations. The company is unable to predict the timing or ultimate outcome of any of these reviews or how any future actions taken as a result thereof may materially impact its business, results of operations, cash flows and financial condition.

FirstEnergy's strategy is centered around its regulated distribution and transmission operations, which provide a more stable and predictable revenue stream compared to unregulated businesses.

The company emphasizes improving reliability and customer service as key differentiators in its competitive landscape.

FirstEnergy continuously monitors market conditions and adapts its strategies to address competitive threats and opportunities.

FirstEnergy continues implementing its facility optimization plans focused on cost savings and alignment with our flexible working arrangements and EESG priorities.

Through a determined effort by its employees, FirstEnergy focused on the things within its control: managing costs, enhancing the customer experience and seeking opportunities for continuous improvement.

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence

FirstEnergy is implementing distribution grid modernization plans to improve reliability and customer benefits.

FirstEnergy is implementing advanced metering infrastructure (AMI) to enhance customer service and operational efficiency.

FirstEnergy is investing in technologies to enhance grid resiliency and security.

FirstEnergy is allocating capital towards regulated investments, including transmission and distribution infrastructure.

The strength of FirstEnergy's balance sheet supports its plan to fund Energize365 investments through organic internal cash flows and electric company debt rather than incremental equity.

FirstEnergy has also de-levered risk associated with its pension plan and optimized its financing plan to retain flexibility in an uncertain interest rate environment.

As part of its climate strategy, FirstEnergy has pledged to achieve carbon neutrality by 2050 with respect to GHGs within FirstEnergy's direct operational control (known as Scope 1 emissions).

FirstEnergy is working to repair or replace, as appropriate, transmission breakers that leak sulfur hexafluoride, which is a gas commonly used by energy companies as an electrical insulating material and arc extinguisher in high-voltage circuit breakers and switchgear.

FirstEnergy is targeting 30% electrification of our light-duty and aerial truck fleet by 2030 and 100% electrification by 2050.

Post-pandemic economic conditions have stabilized across numerous material categories, but lead times have not returned to pre-pandemic levels.

Inflationary pressures have moderated, which has positively impacted the cost of materials, but certain categories have remained elevated.

FirstEnergy continuously monitors market conditions and adapts its strategies to address supply constraints and does not expect service disruptions or any material impact on its capital investment plan.