FirstEnergy Corp. · NYSE:FE
FirstEnergy — Power & Gas Leaders Conference 2016
11 slides from FirstEnergy's conference presentation, Sep 27, 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 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: 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 Power & Gas Leaders Conference September 27, 2016 4
Slide 5: 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 ■ 24,200+ line miles; one of the largest transmission systems in PJM market IL IN OH MD NJ Competitive Operations VA WV ■ Diverse gen
Slide 6: Business Update
Business Update Rate cases filed in our four Pennsylvania Utilities on April 28, 2016 – Settlement reached in principle. Details to be made public mid-October. Regulated Rate case filed in New Jersey on April 28, 2016 – Requested revenue increase of $142M Distribution – Awaiting procedural sched
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
Appendix Power & Gas Leaders Conference September 27, 2016 8
Slide 9: 2016F GAAP to Operating (Non-GAAP) Earnings Reconciliation
2016F GAAP to Operating (Non-GAAP) Earnings1 Reconciliation (In millions, except per share amounts) 2016 Forecast Competitive FirstEnergy Regulated Regulated Corporate/ Energy Consolidated Distribution Transmission Other Services Net Income (Loss) – GAAP ($325) – ($240) $695 - $730 $305 - $315 ($1,1
Slide 10: 2016F – Special Items
2016F – Special Items (In millions, except per share amounts) 2016 Forecast FirstEnergy Regulated Regulated Competitive Energy Corporate/ Consolidated Distribution Transmission Services 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 EP
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) 3Q 2016 Forecast FirstEnergy Consolidated Net Income – GAAP $275 – $320 Basic EPS - GAAP $0.63 – $0.73 Excluding Special Items2: Regulatory Charges 0.01 Merger Accounting – Commod