AKRON, Ohio, Sept. 21, 2021 /PRNewswire/ -- The Board of
Directors of FirstEnergy Corp. (NYSE: FE) has declared an unchanged
quarterly dividend of 39 cents per
share of outstanding common stock. The dividend will be payable
December 1, 2021, to shareholders of
record at the close of business on November
5, 2021.
FirstEnergy is dedicated to integrity, safety, reliability and
operational excellence. Its 10 electric distribution companies form
one of the nation's largest investor-owned electric systems,
serving customers in Ohio,
Pennsylvania, New Jersey, West
Virginia, Maryland and
New York. The company's
transmission subsidiaries operate approximately 24,000 miles of
transmission lines that connect the Midwest and Mid-Atlantic
regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or
online at www.firstenergycorp.com.
Forward-Looking Statements: This news release
includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 based on
information currently available to management. Such statements are
subject to certain risks and uncertainties and readers are
cautioned not to place undue reliance on these forward-looking
statements. 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," "forecast," "target," "will,"
"intend," "believe," "project," "estimate," "plan" 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, which may
include the following: the potential liabilities, increased costs
and unanticipated developments resulting from governmental
investigations and agreements, including those associated with
compliance with or failure to comply with the Deferred Prosecution
Agreement with the U.S. Attorney's Office for the S.D. Ohio; the results of the internal
investigation and evaluation of our controls framework and
remediation of our material weakness in internal control over
financial reporting; the risks and uncertainties associated with
government investigations regarding Ohio House Bill 6 and related
matters including potential adverse impacts on federal or state
regulatory matters including, but not limited to, matters relating
to rates; the potential of non-compliance with debt covenants in
our credit facilities due to matters associated with the government
investigations regarding Ohio House Bill 6 and related matters; the
risks and uncertainties associated with litigation, arbitration,
mediation and similar proceedings; legislative and regulatory
developments, including, but not limited to, matters related to
rates, compliance and enforcement activity; the ability to
accomplish or realize anticipated benefits from our FE Forward
initiative and our other strategic and financial goals, including,
but not limited to, maintaining financial flexibility, overcoming
current uncertainties and challenges associated with the ongoing
government investigations, executing our transmission and
distribution investment plans, greenhouse gas reduction goals,
controlling costs, improving our credit metrics, strengthening our
balance sheet and growing earnings; economic and weather conditions
affecting future operating results, such as a recession,
significant weather events and other natural disasters, and
associated regulatory events or actions in response to such
conditions; mitigating exposure for remedial activities associated
with retired and formerly owned electric generation assets; the
ability to access the public securities and other capital and
credit markets in accordance with our financial plans, the cost of
such capital and overall condition of the capital and credit
markets affecting us, including the increasing number of financial
institutions evaluating the impact of climate change on their
investment decisions; the extent and duration of COVID-19 and the
impacts to our business, operations and financial condition
resulting from the outbreak of COVID-19 including, but not limited
to, disruption of businesses in our territories and governmental
and regulatory responses to the pandemic; the effectiveness of our
pandemic and business continuity plans, the precautionary measures
we are taking on behalf of our customers, contractors and
employees, our customers' ability to make their utility payment and
the potential for supply-chain disruptions; actions that may be
taken by credit rating agencies that could negatively affect either
our access to or terms of financing or our financial condition and
liquidity; changes in assumptions regarding economic conditions
within our territories, the reliability of our transmission and
distribution system, or the availability of capital or other
resources supporting identified transmission and distribution
investment opportunities; changes in customers' demand for power,
including, but not limited to, the impact of climate change or
energy efficiency and peak demand reduction mandates; changes in
national and regional economic conditions affecting us and/or our
major industrial and commercial customers or others with which we
do business; the risks associated with cyber-attacks and other
disruptions to our information technology system, which may
compromise our operations, and data security breaches of sensitive
data, intellectual property and proprietary or personally
identifiable information; the ability to comply with applicable
reliability standards and energy efficiency and peak demand
reduction mandates; changes to environmental laws and regulations,
including, but not limited to, those related to climate change;
changing market conditions affecting the measurement of certain
liabilities and the value of assets held in our pension trusts and
other trust funds, or causing us to make contributions sooner, or
in amounts that are larger, than currently anticipated; labor
disruptions by our unionized workforce; changes to significant
accounting policies; any changes in tax laws or regulations, or
adverse tax audit results or rulings; and the risks and other
factors discussed from time to time in our SEC filings. Dividends
declared from time to time on FirstEnergy Corp.'s common stock
during any period may in the aggregate vary from prior periods due
to circumstances considered by FirstEnergy Corp.'s Board of
Directors at the time of the actual declarations. A security rating
is not a recommendation to buy or hold securities and is subject to
revision or withdrawal at any time by the assigning rating agency.
Each rating should be evaluated independently of any other rating.
These forward-looking statements are also qualified by, and should
be read together with, the risk factors included in FirstEnergy
Corp.'s filings with the SEC, including but not limited to the most
recent Annual Report on Form 10-K, any subsequent Quarterly Reports
on Form 10-Q and Current Reports on Form 8-K. The foregoing review
of factors also 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 Corp.'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
Corp. expressly disclaims any obligation to update or revise,
except as required by law, any forward-looking statements contained
herein or in the information incorporated by reference as a result
of new information, future events or otherwise.
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SOURCE FirstEnergy Corp.