FirstEnergy Corp. · NYSE:FE
FirstEnergy — J.P. Morgan Energy Equity Investor Conference 2016
11 slides from FirstEnergy's conference presentation, Jun 27, 2016
Slide 1: J.P. Morgan Energy Equity Investor Conference
Jim Pearson Executive Vice President and Chief Financial Officer J.P. Morgan Energy Equity Investor Conference June 27, 2016
Slide 2: Forward-Looking Statement
Forward-Looking Statement 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 management's intents, beliefs and current expectatio
Slide 3: Today's Agenda
Today’s Agenda ■ FirstEnergy Overview ■ Our Regulated Growth Strategy ■ Regulatory and Business Updates – Regulated Distribution – Regulated Transmission – Competitive Energy Services ■ Financial Updates ■ Continued Focus in 2016 J.P. Morgan Energy Equity Investor Conference FirstEnergy Update June
Slide 4: FirstEnergy Overview
FirstEnergy Overview Strength in Our Diversity and Scale Regulated Distribution ■ 10 operating companies serving 6M customers in 6 states MI Regulated Transmission PA ■ 24,000+ line miles; one of the largest transmission systems in IL IN OH NJ PJM market MD Competitive Operations VA WV ■ Diverse gen
Slide 5: Our Business Strategy
Our Business Strategy Regulated Competitive Growth Stability Grow investments to Stable, risk-mitigated enhance customer service business Self-supported with positive Financing activities aligned with growth plans Financial cash flow expected through 2018 annually Strong focus on customer service-dr
Slide 6: Regulated Distribution
Regulated Distribution Customer-focused growth ■ Pennsylvania rate cases – April 28: Filed requested revenue increase of $439M across four PA utilities – Proposed new base rates will include recovery of a portion of our Long-Term Infrastructure Improvement Plans of $245M over five years; the remaind
Slide 7: Regulated Transmission
Regulated Transmission Growth through Energizing the Future ■ Energizing the Future – $4.2B over 2014-2017 – Projects designed to make our system more reliable, robust, secure and resistant to extreme weather events, and improve operational flexibility – Program, now in its third year, remains on tr
Slide 8: Competitive Energy Services
Competitive Energy Services Risk-mitigated approach focused on cash ■ 2019/2020 PJM Base Residual Auction results – Expect capacity revenues of ~$352M for 2019/2020 planning year – Cleared 9,671 MW – 97% as Capacity Performance (CP) – A portion of all CES units did not clear – totaling 1,667 MW – CP
Slide 9: Financial Updates
Financial Updates ■ Cash Flow Improvement Plan – Remain on track to capture $155M in savings this year and $240M annually by 2017 – Results from this initiative will allow us to essentially hold our O&M flat through 2017 – Continue to identify new O&M and capital savings opportunities across the com
Slide 10: 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 Continue
Slide 11: FirstEnergy Update June 27, 2016
J.P. Morgan Energy Equity Investor Conference FirstEnergy Update June 27, 2016 11
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