The Energize365 program, a key component of FirstEnergy's growth strategy, will involve approximately $28 billion in system-wide capital investments from 2025 through 2029. These investments are focused on strengthening the grid and enabling the energy transition.

FirstEnergy consolidated the Pennsylvania Companies into FE PA on January 1, 2024, creating a single operating entity. This move aims to improve transparency and streamline operations in Pennsylvania.

FirstEnergy completed the sale of an incremental 30% equity interest in FET to Brookfield for $3.5 billion. This transaction strengthens FirstEnergy's balance sheet and provides capital for strategic investments.

FirstEnergy appointed five executives to oversee the Maryland/West Virginia, Ohio, Pennsylvania, New Jersey and Transmission operations. This restructuring aims to enhance decision-making and accountability.

FirstEnergy emphasizes operational excellence through strong execution of capital investments, cost management, and customer service. This focus aims to improve reliability, customer experience, and financial performance.

FirstEnergy is actively engaged in regulatory proceedings to support its regulated growth strategy and recover investments. This includes base rate cases and other filings seeking cost recovery for system enhancements.

The HB 6-related investigations and litigation could have a material adverse effect on FirstEnergy's reputation, business, financial condition, results of operations, access to capital, liquidity, or cash flows.

FirstEnergy shareholders are at risk of being adversely impacted because the rates our Electric Companies and Transmission Companies are allowed to charge may be decreased as a result of actions taken by a regulator to which our Electric Companies and Transmission Companies are subject to jurisdiction.

The imposition of these or any other new or increased tariffs or resultant trade wars could have an adverse effect on FirstEnergy's results of operations, cash flow and financial condition.

Pursuant to FERC's Order No. 1000 and subject to state and local siting and permitting approvals, non-incumbent developers can compete for certain PJM transmission projects in the service territories of certain of FirstEnergy's Electric Companies' providing transmission services and the Transmission Companies.

Advances in and widespread adoption of distributed generation and regulatory policies may make our facilities significantly less competitive and adversely affect our results of operations.

Energy companies are subject to adverse publicity that makes them vulnerable to negative regulatory and legislative outcomes, which could have an adverse impact on our business.

FirstEnergy is engaged in an ongoing effort to create a culture of continuous improvement to strategically reduce our operating expenditures and continually reinvest in a more diverse capital program in support of our long-term strategy.

FirstEnergy could experience unexpected delays and business disruptions resulting from supporting these initiatives, decreased productivity, and higher than anticipated costs, any of which may impair our ability to reduce operating expenditures and to achieve anticipated results or otherwise harm FirstEnergy's business, results of operations and financial condition.

Safety is an unwavering core value of FirstEnergy. FirstEnergy employees have the power and responsibility to keep each other safe and eliminate life-changing events, which are injuries that have life-changing impacts or fatal results.

Distribution and Transmission investments to support improvements in grid reliability and resiliency and support the energy transition, including through: Programs to drive system resiliency through automation technology and communication

Operational flexibility projects that are expected to build capacity and support the evolving grid such as interconnection of New Jersey offshore wind and data center load

Enhancing system performance by implementing new designs and technologies to reduce load at risk; and Upgrading system conditions that enhance reliability.

FirstEnergy is accelerating its transformation into a premier electric company. The FE Board and FirstEnergy's executive management team are aligned behind a business model grounded in investing, operating, recovering costs and financing our regulated electric company operations.

FirstEnergy has redeemed and issued debt securities to manage its capital structure and interest expense. This includes the issuance of unsecured notes and the redemption of existing notes and FMBs.

The FE Board declared a $0.015 per share increase to the quarterly common stock dividend payable June 1, 2024, to $0.425 per share, which represents an approximate 6% increase compared to dividends declared in 2023.

FirstEnergy has pledged to achieve carbon neutrality by 2050 with respect to GHGs within FirstEnergy's direct operational control (known as Scope 1 emissions).

Various federal, state and local authorities regulate FirstEnergy with regard to air and water quality, hazardous and solid waste disposal, and other environmental matters.

FirstEnergy focuses on a number of human capital resources, measures and objectives in managing its business, including through striving to achieve its core values.

Recent industry projections reflect the potential for significant growth in energy demand over the next decade. This could be exacerbated if additional generation resources are not available to meet increased demand in the future.

Economic conditions, including those that may arise from government fiscal policy, tariffs, recessions, inflationary and interest rate pressures, may impact the demand for electricity and, therefore, any decline in economic conditions could lead to declines in the demand for electricity, which would reduce our revenues.

Over the last several years, there has been an increase in the frequency of cyber-attacks by terrorists, hackers, international activist organizations, foreign governments and individuals.