FirstEnergy Corp. Declares Unchanged Common Stock Dividend
September 15 2009 - 12:43PM
PR Newswire (US)
AKRON, Ohio, Sept. 15 /PRNewswire-FirstCall/ -- The Board of
Directors of FirstEnergy Corp. (NYSE:FE) today declared an
unchanged quarterly dividend of 55 cents per share of outstanding
common stock. The dividend will be payable December 1, 2009, to
shareholders of record as of November 6, 2009. Forward-Looking
Statements: This news release 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 expectations. These statements typically
contain, but are not limited to, the terms "anticipate,"
"potential," "expect," "believe," "estimate" and similar words.
Forward-looking statements involve estimates, assumptions, known
and unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Actual
results may differ materially due to the speed and nature of
increased competition in the electric utility industry and
legislative and regulatory changes affecting how generation rates
will be determined following the expiration of existing rate plans
in Pennsylvania, the impact of the Public Utilities Commission of
Ohio's regulatory process on the Ohio Companies associated with the
distribution rate case, economic or weather conditions affecting
future sales and margins, changes in markets for energy services,
changing energy and commodity market prices and availability,
replacement power costs being higher than anticipated or
inadequately hedged, the continued ability of FirstEnergy's
regulated utilities to collect transition and other charges or to
recover increased transmission costs, maintenance costs being
higher than anticipated, other legislative and regulatory changes,
revised environmental requirements, including possible greenhouse
gas emission regulations, the potential impacts of the U.S. Court
of Appeals' July 11, 2008 decision requiring revisions to the Clean
Air Interstate Rules and the scope of any laws, rules or
regulations that may ultimately take their place, the uncertainty
of the timing and amounts of the capital expenditures needed to,
among other things, implement the Air Quality Compliance Plan
(including that such amounts could be higher than anticipated or
that certain generating units may need to be shut down) or levels
of emission reductions related to the Consent Decree resolving the
New Source Review litigation or other similar potential regulatory
initiatives or actions, adverse regulatory or legal decisions and
outcomes (including, but not limited to, the revocation of
necessary licenses or operating permits and oversight) by the
Nuclear Regulatory Commission, Metropolitan Edison Company's and
Pennsylvania Electric Company's transmission service charge filings
with the Pennsylvania Public Utility Commission, the continuing
availability of generating units and their ability to operate at or
near full capacity, the ability to comply with applicable state and
federal reliability standards, the ability to accomplish or realize
anticipated benefits from strategic goals (including employee
workforce initiatives), the ability to improve electric commodity
margins and to experience growth in the distribution business, the
changing market conditions that could affect the value of assets
held in FirstEnergy's nuclear decommissioning trusts, pension
trusts and other trust funds, and cause it to make additional
contributions sooner, or in an amount that is larger than currently
anticipated, the ability to access the public securities and other
capital and credit markets in accordance with FirstEnergy's
financing plan and the cost of such capital, changes in general
economic conditions affecting the company, the state of the capital
and credit markets affecting the company, interest rates and any
actions taken by credit rating agencies that could negatively
affect FirstEnergy's access to financing or its costs or increase
its requirements to post additional collateral to support
outstanding commodity positions, letters of credit and other
financial guarantees, the continuing decline of the national and
regional economy and its impact on the company's major industrial
and commercial customers, issues concerning the soundness of
financial institutions and counterparties with which FirstEnergy
does business, and the risks and other factors discussed from time
to time in its Securities and Exchange Commission filings, and
other similar factors. Dividends declared from time to time on
FirstEnergy's common stock during any annual period may in
aggregate vary from the indicated amount due to circumstances
considered by FirstEnergy's Board of Directors at the time of the
actual declarations. The foregoing review of factors should not be
construed as exhaustive. New factors emerge from time to time, and
it is not possible for management to predict all such factors, nor
assess the impact of any such factor on FirstEnergy's business or
the extent to which any factor, or combination of factors, may
cause results to differ materially from those contained in any
forward-looking statements. FirstEnergy expressly disclaims any
current intention to update any forward-looking statements
contained herein as a result of new information, future events, or
otherwise. DATASOURCE: FirstEnergy Corp. CONTACT: News Media,
Tricia Ingraham, +1-330-384-5247, or Investor, Ron Seeholzer,
+1-330-384-5415, both of FirstEnergy Corp. Web Site:
http://www.firstenergycorp.com/
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