Proposed JCP&L Oceanview Transmission Project Will Enhance Reliability and Meet Increased Customer Demand

  Proposed JCP&L Oceanview Transmission Project Will Enhance Reliability and
                        Meet Increased Customer Demand

PR Newswire

MORRISTOWN, N.J., June 18, 2013

MORRISTOWN, N.J., June 18, 2013 /PRNewswire/ --Jersey Central Power & Light
(JCP&L) will hold open houses June 24 and June 25 for its proposed $44.5
million Oceanview Reinforcement Project, which will build a new 230 kilovolt
(kV) transmission line in Monmouth County to add redundancy to the system and
meet the growing demand for electricity.

The new 230 kV transmission line is expected to be built between the existing
Larrabee Substation in Howelland the existing Oceanview Substation in
Neptune. The project is part of the JCP&L Local Infrastructure and
Transmission Enhancement (LITE) Program, a $200 million, multiyear
comprehensive reliability plan.

The project's preferred 16-mile route is expected to be built within the
existing 230 kV transmission right-of-way corridor in Monmouth County through
Colts Neck, Howell, Neptune, Tinton Falls and Wall.

To answer questions about the project, JCP&L will hold two open houses:

  oOn June 24, from 4-8 p.m., at Howell Township Middle School North, 501
    Squankum-Yellowbrook Road, Farmingdale.
  oOn June 25, from 4-8 p.m., at the Sheraton Eatontown, 6 Industrial Way
    East, Eatontown.

JCP&L expects to file a petition for the Oceanview project with the New Jersey
Board of Public Utilities by December of this year. PJM Interconnection
(PJM), the regional transmission organization that coordinates the movement of
electricity and oversees reliability in all or part of 13 states and the
District of Columbia, has determined that the project should be built and has
requested that the project be in service by June 2017. PJM's assessment is
based on existing and projected system conditions and the potential for future
demand on the system.

In the past decade, the demand for electricity in New Jersey has grown about
three times faster than the population as homeowners use electricity to power
everything from big-screen televisions to computer devices to the latest
kitchen appliances.

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online at

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, the continued
ability of our regulated utilities to recover their 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 reduce costs and to successfully complete our announced financial plans
designed to improve our credit metrics and strengthen our balance sheet,
including but not limited to, proposed capital raising and debt reduction
initiatives, the proposed West Virginia asset transfer and potential sale of
non-core hydro assets, 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
announced financial plan, 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, and the risks and other factors discussed from time to time in
our SEC filings, and other similar factors. Dividends declared from time to
time on FE's common stock during any annual period may in the aggregate vary
from the indicated amount due to circumstances considered by FE'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. 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, 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: Ron Morano, (973) 401-8097
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