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FirstEnergy
Forward-Looking Statement: 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 typically contain, but are not limited to, the terms
"anticipate," "potential," "expect," "believe,"
"estimate" and similar words.
(The first one to diagram this sentence wins
an all-expense paid vacation to Timber Ridge Farm! Certain restrictions
apply.) Actual
results may differ materially due to the speed and nature of increased
competition and deregulation in the electric utility industry, economic
or weather conditions affecting future sales and margins, changes in markets
for energy services, changing energy and commodity market prices, replacement
power costs being higher than anticipated or inadequately hedged, the
continued ability of our regulated utilities to collect transition and
other charges or to recover increased transmission costs, maintenance
costs being higher than anticipated, legislative and regulatory changes
(including revised environmental requirements), the repeal of the Public
Utility Holding Company Act of 1935 and the legal and regulatory changes
resulting from the implementation of the Energy Policy Act of 2005, the
uncertainty of the timing and amounts of the capital expenditures (including
that such amounts could be higher than anticipated) or levels of emission
reductions related to the settlement agreement resolving the New Source
Review litigation, adverse regulatory or legal decisions and outcomes
(including, but not limited to, the revocation of necessary licenses or
operating permits, fines or other enforcement actions and remedies) of
governmental investigations and oversight, including by the Securities
and Exchange Commission, the United States Attorney's Office, the Nuclear
Regulatory Commission and the various state public utility commissions
as disclosed in our Securities and Exchange Commission filings, generally,
and with respect to the Davis-Besse Nuclear Power Station outage and heightened
scrutiny at the Perry Nuclear Power Plant in particular, the continuing
availability and operation of generating units, the ability of our generating
units to continue to operate at, or near full capacity, our inability
to accomplish or realize anticipated benefits from strategic goals (including
employee workforce factors), the anticipated benefits from our voluntary
pension plan contributions, our ability to improve electric commodity
margins and to experience growth in the distribution business, our ability
to access the public securities and other capital markets and the cost
of such capital, the outcome, cost and
other effects of present and potential legal and administrative proceedings
and claims related to the August 14, 2003 regional power outage,
circumstances which may lead management to seek, or the Board of Directors
to grant, in each case in its sole discretion, authority for the implementation
of a share repurchase program in the future, the risks and other factors
discussed from time to time in our Securities and Exchange Commission
filings, and other similar factors.
Dividends declared from time to time during any annual period may in aggregate
vary from the indicated amounts due to circumstances considered by the
Board at the time of the actual declarations.
Also, a security rating should not be viewed as a recommendation
to buy, sell or hold securities and it may be subject to revision or withdrawal
at any time.
We expressly disclaim any current intention to update
any forward-looking statements contained herein as a result of new information,
future events, or otherwise.
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