FirstEnergy Announces Expiration of the Cash Tender Offer for FirstEnergy Solutions Corp.'s 6.05% Senior Notes Due 2021

  FirstEnergy Announces Expiration of the Cash Tender Offer for FirstEnergy
                Solutions Corp.'s 6.05% Senior Notes Due 2021

PR Newswire

AKRON, Ohio, March 28, 2013

AKRON, Ohio, March 28, 2013 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today
announced the expiration of the previously announced cash tender offer (the
"Offer") for the 6.05% Senior Notes due 2021 (the "Notes") issued by
FirstEnergy Solutions Corp. ("FES") pursuant to the Offer to Purchase, dated
February 28, 2013. The Offer expired at 11:59 p.m., EDT, on March 27, 2013
(such time and date, the "Expiration Date"). According to information
provided by Bondholder Communications Group, LLC, the Information and Tender
Agent, for the Offer, as of the Expiration Date, the aggregate principal
amount of the Notes validly tendered and not validly withdrawn pursuant to the
Offer was $252,695,000, comprising 43.2% of the Notes outstanding. All Notes
validly tendered and not validly withdrawn in the Offer prior to the
Expiration Date have been accepted for purchase. FES expects to make payment
for the Notes in same-day funds today, March 28, 2013.

Holders of Notes that validly tendered and did not validly withdraw their
Notes by 5:00 p.m., EDT, on March 13, 2013 (the "Early Tender Date"), and
whose Notes were accepted for purchase are entitled to receive the previously
announced Total Consideration of $1,189.71 per $1,000 principal amount of
Notes, plus accrued and unpaid interest to, but excluding the date of
settlement. Holders of Notes that validly tendered their notes after the
Early Tender Date and on or before the Expiration Date, and whose Notes were
accepted for purchase, are entitled to receive the previously announced Tender
Offer Consideration of $1,139.71 per $1,000 principal amount of Notes, plus
accrued and unpaid interest up to, but excluding, the date of settlement.

Information Relating to the Offer

FirstEnergy retained Goldman Sachs & Co. and Morgan Stanley & Co. LLC to serve
as Lead Dealer Managers for the Offer and BNP Paribas Securities Corp.,
KeyBanc Capital Markets Inc., Santander Investment Securities Inc. and Scotia
Capital (USA) Inc. to serve as Co-Dealer Managers for the Offer. Bondholder
Communications Group, LLC served as the Information and Tender Agent for the

For additional information regarding the terms of the Offer, please contact:
Goldman Sachs at 800-828-3182 (toll free) or 212-902-5183 (collect) or Morgan
Stanley at 800-624-1808 (toll free) or 212-761-1057 (collect). Questions
regarding the tender of Notes may be directed to the Information and Tender
Agent at 888-385-2663 (toll free) or 212-809-2663 (collect).

The obligations of FES to accept any Notes tendered and to pay the applicable
consideration for such Notes are set forth solely in the Offer to Purchase and
related Letter of Transmittal. This news release is not an offer to purchase
or a solicitation of an offer to sell any securities.

FirstEnergy is a diversified energy company dedicated to 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. Its
generation subsidiaries control more than 20,000 megawatts of capacity from a
diversified mix of scrubbed coal, non-emitting nuclear, natural gas, hydro,
pumped-storage hydro and other renewables. Follow FirstEnergy on Twitter

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, in
general, and the retail sales market in particular, the impact of the
regulatory process on the pending matters before FERC and in the various
states in which we do business including, but not limited to, matters related
to rates and pending rate cases, the uncertainties of various cost recovery
and cost allocation issues resulting from ATSI's realignment into PJM,
economic or weather conditions affecting future sales and margins, regulatory
outcomes associated with Hurricane Sandy, changing energy, capacity and
commodity market prices including, but not limited to, coal, natural gas and
oil, and availability and their impact on retail margins, financial derivative
reforms that could increase our liquidity needs and collateral costs, the
continued ability of our 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 discharge, water intake and coal
combustion residual regulations, the potential impacts of CAIR, and any laws,
rules or regulations that ultimately replace CAIR, and the effects of the
EPA's MATS rules including our estimated costs of compliance, the uncertainty
of the timing and amounts of the capital expenditures that may arise in
connection with any litigation, including NSR litigation or potential
regulatory initiatives or rulemakings (including that such expenditures could
result in our decision to deactivate or idle certain generating units), the
uncertainties associated with the deactivation of certain older unscrubbed
regulated and competitive fossil units, including the impact on vendor
commitments, and the timing thereof as they relate to, among other things, the
RMR arrangements and the reliability of the transmission grid, 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 or as a result
of the incident at Japan's Fukushima Daiichi Nuclear Plant), adverse legal
decisions and outcomes related to ME's and PN's ability to recover certain
transmission costs through their TSC riders, the impact of future changes to
the operational status or availability of our generating units, the risks and
uncertainties associated with litigation, arbitration, mediation and like
proceedings, including, but not limited to, any such proceedings related to
vendor commitments, replacement power costs being higher than anticipated or
inadequately hedged, the ability to comply with applicable state and federal
reliability standards and energy efficiency and peak demand reduction
mandates, changes in customers' demand for power, including but not limited
to, changes resulting from the implementation of state and federal energy
efficiency and peak demand reduction mandates, the ability to accomplish or
realize anticipated benefits from strategic and financial goals including, but
not limited to, the ability to successfully complete the proposed West
Virginia asset transfer and to improve our credit metrics, our ability to
improve electric commodity margins and the impact of, among other factors, the
increased cost of fuel and fuel transportation on such margins, the ability to
experience growth in the Regulated Distribution segment and to continue to
successfully implement our direct retail sales strategy in the Competitive
Energy Services segment, changing market conditions that could affect the
measurement of liabilities and the value of assets held in our NDTs, pension
trusts and other trust funds, and cause us and our subsidiaries to make
additional contributions sooner, or in amounts that are larger than currently
anticipated, the impact of changes to material accounting policies, the
ability to access the public securities and other capital and credit markets
in accordance with our financing plans, the cost of such capital and overall
condition of the capital and credit markets affecting us and our subsidiaries,
actions that may be taken by credit rating agencies that could negatively
affect us and our subsidiaries' access to financing, increase the costs
thereof, and increase requirements to post additional collateral to support
outstanding commodity positions, LOCs and other financial guarantees, changes
in national and regional economic conditions affecting us, our subsidiaries
and our major industrial and commercial customers, and other counterparties
including fuel suppliers, with which we do business, issues concerning the
stability of domestic and foreign financial institutions and counterparties
with which we do business, the risks and other factors discussed from time to
time in our 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 the business of FirstEnergy or FES 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 and FES expressly disclaim any current intention to update, except
as required by law, any forward-looking statements contained herein as a
result of new information, future events or otherwise.

SOURCE FirstEnergy Corp.

Contact: News Media, Tricia Ingraham, +1-330-384-5247, Investor, Irene
Prezelj, +1-330-384-3859
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