FirstEnergy Ohio Utilities Launch Request for Proposal for 2013 Solar and Renewable Energy Credits

  FirstEnergy Ohio Utilities Launch Request for Proposal for 2013 Solar and
                           Renewable Energy Credits

PR Newswire

AKRON, Ohio, Sept. 12, 2013

AKRON, Ohio, Sept. 12, 2013 /PRNewswire/ --FirstEnergy Corp. (NYSE: FE)
announced that a Request for Proposal (RFP) will be issued to purchase both
In-State and All-State Solar Renewable Energy Credits (SRECs) and both
In-State and All-State Renewable Energy Credits (RECs) for its Ohio utilities
– Ohio Edison, Cleveland Electric Illuminating and Toledo Edison – to help
meet the 2013 renewable energy targets established under Ohio's alternative
energy law.

SRECs and RECs sought in this RFP must be produced by renewable generating
facilities that are either certified by the Public Utilities Commission of
Ohio (PUCO) or are in the process of being certified by the PUCO. The SRECs
and RECs must be generated between January 1, 2011, and December 31, 2013.
The following amounts and locations are being sought:

  o100 SRECs generated in Ohio;
  o6,500 SRECs generated in Ohio or states contiguous to Ohio;
  o120,000 RECs generated in Ohio; and
  o145,000 RECs generated in Ohio or states contiguous to Ohio.

The RFP is a competitive process conducted by Navigant Consulting, Inc., an
independent evaluator and a global consulting firm with expertise in energy
markets, renewables and competitive procurements. Based on the RFP results,
the Ohio utilities will enter into agreement(s) with winning suppliers to
purchase the necessary quantities of RECs and SRECs.

One SREC represents the environmental attributes of one megawatt hour of
generation from a solar renewable generating facility qualified by the PUCO.
One REC represents the environmental attributes of one megawatt hour of
generation from a PUCO-qualified renewable generating facility. The cost of
the RECs is recovered from utility customers through a monthly charge filed
quarterly with the PUCO.

No energy or capacity will be purchased under the RFP. The number of
individual bidders is not limited. Participants in the RFP must meet and
maintain specific credit and security qualifications, and must be able to
prove their SREC or REC generating facilities are certified or in the process
of becoming certified by the PUCO.

The FirstEnergy Ohio utilities have established a website to provide bidders
with a central source of documents, data and other information for the RFP
process. This information is available by accessing
www.firstenergycorp.com/OH2013RECRFP.

On September 19, 2013, at 11:00 a.m., the FirstEnergy Ohio utilities and their
consultant, Navigant, will conduct a webinar to outline the RFP process and
the terms of the agreement, as well as to provide a forum to submit any
questions. Questions also may be submitted during the RFP process directly
through the RFP website.

To participate in the RFP, potential bidders are encouraged to submit credit
applications by October 8, 2013, and proposals are due October 14, 2013, by 3
p.m.

The RFP Manager is Dan Bradley, Director, Navigant Consulting. He can be
reached at (516) 876-4036, or by email at rfp@navigant.com.

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
Maryland, Ohio, Pennsylvania, New Jersey, New York and West Virginia. 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
@FirstEnergyCorp.

(091213)

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 the Federal Energy Regulatory
Commission 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 the realignment of American Transmission Systems, Incorporated into PJM
Interconnection LLC; economic or weather conditions affecting future sales and
margins; regulatory outcomes associated with storms, including but not limited
to Hurricane Sandy, Hurricane Irene and the October snowstorm of 2011;
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; costs being higher than anticipated and the success of our
policies to control costs and to mitigate low energy, capacity and market
prices; other legislative and regulatory changes, and revised environmental
requirements, including possible greenhouse gas emission, water discharge,
water intake and coal combustion residual regulations, the potential impacts
of Cross-State Air Pollution Rule, Clean Air Interstate Rule, or CAIR, and/or
any laws, rules or regulations that ultimately replace CAIR, and the effects
of the Environmental Protection Agency's Mercury and Air Toxics Standards
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 New Source Review 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 regulated and
competitive fossil units including the decision to deactivate the Hatfield's
Ferry and Mitchell Power Stations, the impact on vendor commitments, and the
timing thereof as they relate to, among other things, Reliability Must-Run
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 Nuclear Regulatory Commission
or as a result of the incident at Japan's Fukushima Daiichi Nuclear Plant);
adverse legal decisions and outcomes related to Metropolitan Edison Company's
and Pennsylvania Electric Company's ability to recover certain transmission
costs through their Transmission Service Charge 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 nuclear
decommissioning trusts, 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, letters of
credit 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 Securities and
Exchange Commission 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, except as
required by law, any forward-looking statements contained herein as a result
of new information, future events or otherwise.

www.firstenergycorp.com

SOURCE FirstEnergy Corp.

Website: http://www.firstenergycorp.com
Contact: News Media Contact: Doug Colafella, (330) 384-5375; Investor Contact:
Irene M. Prezelj, (330) 384-3859
 
Press spacebar to pause and continue. Press esc to stop.