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Electricity. and the. Environment. FirstEnergy Facts at a Glance. Headquartered in Akron, Ohio Largest investor-owned electric system in the U.S. based on six million customers served Nearly $46 billion in assets $18 billion in annual revenues Approximately 17,000 employees.

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  1. Electricity and the Environment

  2. FirstEnergy Facts at a Glance • Headquartered in Akron, Ohio • Largest investor-owned electric system in the U.S. based on six million customers served • Nearly $46 billion in assets • $18 billion in annual revenues • Approximately 17,000 employees Electricity and the Environment

  3. Our Electric System • Nearly 23,000 megawatts of generating capacity • 10 electric utility operating companies • Customers in six states • 65,000-square-mile service territory • 20,000 miles of high-voltage transmission lines and approximately 195,000 miles of distribution lines Electricity and the Environment

  4. FirstEnergy Regulated Service Territories Ohio Ohio Edison The Illuminating Company Toledo Edison Pennsylvania Met-Ed Penelec Penn Power West Penn Power West Virginia/Maryland Mon Power Potomac Edison New Jersey Jersey Central Power & Light Electricity and the Environment

  5. FirstEnergy Diverse Generating Sources FirstEnergy Power Sources Supercritical coal 10,388 MW Subcritical coal 4,478 Nuclear 3,991 Gas/Oil 1,745 Renewables 2,208 Total 22,810 MW FirstEnergy Power Sources Supercritical Coal Subcritical Coal Nuclear Gas/Oil Renewable Electricity and the Environment

  6. Producing Electricity in an Environmentally Sound Manner • FirstEnergy companies have spent more than $10 billion on environmental projects since the Clean Air Act became law in 1970 • Our power plant emissions rates are significantly lower than regional average • Since 1990, we’ve reconfigured our fleet and avoided some 370 million tons of carbon dioxide emissions • Also, reduced emissions of nitrogen oxides by more than 76 percent and sulfur dioxide by 86 percent Electricity and the Environment

  7. FirstEnergy Emission Rates as a Percentageof Regional Generation Averages* FirstEnergy 100% 89% 64% % of Regional Averages 33% RegionalAverage CarbonDioxide SulfurDioxide NitrogenOxides Source: Regional data provided by the Public Utilities Commission of Ohio. Region includes OH, PA, WV, KY, IN, MI. * Including nuclear Electricity and the Environment

  8. Environmental Benefits of Nuclear Energy • Does not involve burning fossil fuels • Creates no ash or other combustion residues • Produces no emissions of greenhouse gases • Operators continuously monitorenvironmental status of water, air,vegetation and wildlife Electricity and the Environment

  9. FirstEnergy Nuclear Plants Perry1,268 MW Davis-Besse908 MW • Four nuclear units on three sites • Produce nearly 4,000 megawatts of electricity – about 17% of our generating capacity • Helps us minimize environmental impact of our operations • Since 1990, we’ve closed nearly 1,000 megawatts of older, coal-based generation and added about 1,800 megawatts of non-emitting nuclear power • Nuclear plants displace some 25 million tons of greenhouse gas emissions each year Beaver Valley1,815 MW Electricity and the Environment

  10. Beaver Valley Power Station • Nuclear Regulatory Commission approved 20-year license extension at Beaver Valley • Ensures plant will remain a source of safe, reliable and clean electricity for years to come • Institute of Nuclear Power Operations recognized Beaver Valley among the top nuclear plants in the U.S. Electricity and the Environment

  11. Sammis Plant Air Quality Compliance Project • Approximately $1.8 billion invested to further reduce emissions of SO2 and NOx • One of the largest environmental retrofit projects in the nation • Project completed December 2010 Electricity and the Environment

  12. FirstEnergy Well-Positioned to Meet Future Environmental Challenges • Approximately 80 percent of our fleet is non-emitting nuclear, low-emitting natural gas, scrubbed coal and renewables • Approximately 27 percent of our capacity is carbon-free nuclear, wind and hydro sources • Long-term agreements for 500 MW of wind generation • Developing new strategies for renewables, conservation and energy efficiency Electricity and the Environment

  13. FirstEnergy’s Position on Global Climate Change • Committed to working with policymakers to develop fair and reasonable climate change legislation • Goal of reducing global emissions of CO2 while minimizing economic impact on our customers • Global competitiveness of our nation’s businesses and industriesmust be maintained • We support: • An economy-wide approach • Use of interim targets that align with available technology • Incentives that promote new technology • Federal pre-emption of existing state climate policies Electricity and the Environment

  14. Norton Compressed-Air Energy Storage Project • Located in Norton, Ohio • Ideal site for supporting CAES technology • 600-acre underground cavern structure well-suited for reliable and flexible high-pressure air storage Norton CAES Electricity and the Environment

  15. Norton Compressed-Air Energy Storage Project Key Benefits of CAES Technology • Increases reliability and efficiency of overall electric system • Provides peaking power: stores electricity at night for use during the day • Supports transmission reliability: positions significant generation source closer to customer load centers • Helps meet mandates for renewable power • Could enhance feasibility and cost-effectiveness of renewable energy • Lowers overall emissions • As baseload plants run more efficiently,lower-emitting units “follow” customer load • Serves as a low-cost power source • Combines stored, compressed air withnatural gas Electricity and the Environment

  16. Electricity and Environment: Fact or Fiction? Nuclear power plants produce more carbon dioxide than any other type of generating plant. FICTION: Nuclear plants safely generate 20 percent of electricity in the U.S. without producing any carbon dioxide emissions. Electricity and the Environment

  17. Electricity and Environment: Fact or Fiction? Most electricity in the U.S. is produced by hydroelectric plants. FICTION: Coal-fired power plants produce nearly half of theelectricity in the U.S. Electricity and the Environment

  18. Electricity and Environment: Fact or Fiction? Electricity costs about the same across the U.S. FICTION: Electricity costs vary widely across the U.S. depending on the fuel source, taxes and legislative and regulatory requirements. For example, Connecticut residents pay about 18 cents per kilowatt-hour and West Virginians pay less than seven cents per kilowatt-hour. Source: U.S. Energy Information Administration, Avg. Retail Price of Electricity by State, 2009 Electricity and the Environment psdgraphics.com

  19. Electricity and Environment: Fact or Fiction? The percentage of electricity produced at coal plants in the U.S. will drop from 49 percent today to about 20 percent by 2030. FICTION: U.S. Department of Energy forecast indicates that coal plants will generate about 47 percent of the electricity in the U.S. in 2030 – just two percent less than today. Electricity and the Environment

  20. Balance Growing Demand for Electricity and Environmental Stewardship • Electricity production and distribution creates environmental challenges • Technological advances are critical tomeeting future demand for energy in an environmentally responsible manner Electricity and the Environment

  21. Questions & Comments Electricity and the Environment Electricity and the Environment

  22. Electricity and the Environment

  23. Forward Looking Statements 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 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, the impact of the regulatory process on the pending matters in the various states in which we do business including, but not limited to, matters related to rates, the status of the PATH project in light of PJM’s direction to suspend work on the project pending review of its planning process, its re-evaluation of the need for the project and the uncertainty of the timing and amounts of any related capital expenditures, business and regulatory impacts from ATSI’s realignment into PJM Interconnection, L.L.C., economic or weather conditions affecting future sales and margins, changes in markets for energy services, changing energy and commodity market prices and availability, financial derivative reforms that could increase our liquidity needs and collateral costs, the continued ability of FirstEnergy’s regulated utilities to collect transition and other costs, operation and maintenance costs being higher than anticipated, other legislative and regulatory changes, and revised environmental requirements, including possible GHG emission, water intake and coal combustion residual regulations, the potential impacts of any laws, rules or regulations that ultimately replace CAIR including the Cross-State Air Pollution Rule (CSAPR) and the effects of the EPA’s recently released MACT proposal to establish certain mercury and other emission standards for electric generating units, the uncertainty of the timing and amounts of the capital expenditures that may arise in connection with any NSR litigation or potential regulatory initiatives or rulemakings (including that such expenditures could result in our decision to shut down or idle certain generating units), adverse regulatory or legal decisions and outcomes with respect to our nuclear operations (including, but not limited to, the revocation or non-renewal of necessary licenses, approvals or operating permits by the NRC, including as a result of the incident at Japan’s Fukushima Daiichi Nuclear Plant), issues that could arise as a result of the current outage at Davis-Besse for the installation of the new reactor vessel head, adverse legal decisions and outcomes related to Met-Ed’s and Penelec’s ability to recover certain transmission costs through their transmission service charge riders, the continuing availability of generating units and changes in their ability to operate at or near full capacity, replacement power costs being higher than anticipated or inadequately hedged, the ability to comply with applicable state and federal reliability standards and energy efficiency mandates, changes in customers’ demand for power, including but not limited to, changes resulting from the implementation of state and federal energy efficiency mandates, the ability to accomplish or realize anticipated benefits from strategic goals, efforts, and our ability to improve electric commodity margins and the impact of, among other factors, the increased cost of coal and coal transportation on such margins, the ability 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 FirstEnergy to make additional contributions sooner, or in amounts that are larger than currently anticipated, the ability to access the public securities and other capital and credit markets in accordance with FirstEnergy’s financing plan, the cost of such capital and overall condition of the capital and credit markets affecting FirstEnergy and its subsidiaries, changes in general economic conditions affecting FirstEnergy and its subsidiaries, interest rates and any actions taken by credit rating agencies that could negatively affect FirstEnergy’s and its subsidiaries’ access to financing or their costs and increase requirements to post additional collateral to support outstanding commodity positions, LOCs and other financial guarantees, the continuing uncertainty of the national and regional economy and its impact on the major industrial and commercial customers of FirstEnergy’s subsidiaries, issues concerning the soundness of financial institutions and counterparties with which FirstEnergy and its subsidiaries do business, issues arising from the recently completed merger of FirstEnergy and Allegheny Energy, Inc. and the ongoing coordination of their combined operations including FirstEnergy’s ability to maintain relationships with customers, employees or suppliers, as well as the ability to successfully integrate the businesses and realize cost savings and any other synergies and the risk that the credit ratings of the combined company or its subsidiaries may be different from what the companies expect, the risks and other factors discussed from time to time in FirstEnergy’s and its applicable subsidiaries’ SEC filings, and other similar factors. 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. Electricity and the Environment

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