Firstenergy Corp. · NYSE:FE
Firstenergy — Power & Gas Leaders Conference 2016
11 slides from Firstenergy's conference presentation, Sep 26, 2016
Slide 1: Power & Gas Leaders Conference
Power & Gas Leaders Conference Charles E. Jones, President and CEO September 27, 2016
Slide 2: Forward-Looking Statement
Forward-Looking Statement September 27, 2016 Power & Gas Leaders Conference This presentation includes forward-looking statements based on information currently available to management. Such statements are subject to certain risks and uncertainties. These statements include declarations regarding ma
Slide 3: Non-GAAP Financial Matters
Non-GAAP Financial Matters This presentation contains references to non-GAAP financial measures including, among others, Operating earnings. In addition, Basic EPS and Basic EPS-Operating, each calculated on a segment basis, are also non-GAAP financial measures. Generally, a non- GAAP financial meas
Slide 4: Agenda
Agenda ■ FirstEnergy Overview ■ Business Update – Regulated Distribution – Regulated Transmission – Competitive Energy Services – Financial ■ Continued Focus in 2016 September 27, 2016 Power & Gas Leaders Conference 4
Slide 5: FirstEnergy Overview: Strength in Our Diversity and Scale
FirstEnergy Overview Strength in Our Diversity and Scale September 27, 2016 Power & Gas Leaders Conference 5 OH VA WV PA MD NJ MI IN IL Utility footprint Competitive retail footprint Jointly Owned Plant Regulated Plants Competitive Generating Plants 230, 345 and 500 kV Transmission Lines Regulated D
Slide 6: Business Update
Business Update September 27, 2016 Power & Gas Leaders Conference 6 Regulated Distribution Rate cases filed in our four Pennsylvania Utilities on April 28, 2016 – Settlement reached in principle. Details to be made public mid-October. Rate case filed in New Jersey on April 28, 2016 – Requested r
Slide 7: Continued Focus in 2016
Continued Focus in 2016 ■ Safety is our top priority ■ Strong focus on customer service-driven regulated growth ■ Operational excellence across FirstEnergy ■ Continue implementation of Cash Flow Improvement Plan ■ Achieve solid financial performance ■ Improve financial health of FirstEnergy ■ Commit
Slide 8: Appendix
September 27, 2016 Power & Gas Leaders Conference 8 Appendix
Slide 9: 2016F GAAP to Operating (Non-GAAP) Earnings Reconciliation
2016F GAAP to Operating (Non-GAAP) Earnings1 Reconciliation (In millions, except per share amounts) September 27, 2016 Power & Gas Leaders Conference 9 2016 Forecast FirstEnergy Consolidated Regulated Distribution Regulated Transmission Competitive Energy Services Corporate/ Other Net Income (Loss)
Slide 10: 2016 Forecast Special Items
2016 Forecast FirstEnergy Consolidated Regulated Distribution Regulated Transmission Competitive Energy Services Corporate/ Other Pre-Tax After-Tax EPS Pre-Tax After-Tax EPS Pre-Tax After-Tax EPS Pre-Tax After-Tax EPS Pre-Tax After-Tax EPS Regulatory Charges $89 $57 $0.13 $89 $57 $0.13 - - - - - - -
Slide 11: 3Q 2016F GAAP to Operating (Non-GAAP) Earnings Reconciliation and Special Items
3Q 2016F GAAP to Operating (Non-GAAP) Earnings1 Reconciliation and Special Items (In millions, except per share amounts) September 27, 2016 Power & Gas Leaders Conference 11 1 Operating earnings exclude special items as described in the reconciliation table above and is a non-GAAP financial measure