FirstEnergy Solutions Extends Successful Discount Electricity Offer to More Customers
July 06 2009 - 12:50PM
PR Newswire (US)
AKRON, Ohio, July 6 /PRNewswire-FirstCall/ -- FirstEnergy Solutions
(FES) announced that, because more than 10,000 people have already
signed up to save money through the company's discount electric
generation offer, the program will be extended to provide more
customers with guaranteed savings. "In light of the enthusiastic
response to our competitive offer, we're pleased to extend it to
even more utility customers in Northeast Ohio," said Arthur Yuan,
vice president of Sales and Marketing for FES. "This is the best
offer available to electric customers in the market today because
it provides guaranteed savings." Customers must act before July 13,
2009, to lock in savings of 10 percent off generation prices for
the remainder of 2009 and 5 percent off through 2010. Customers who
sign up by the FES deadline also will be entered into a drawing to
win free electric generation from FES for a year. "Customers who
live in communities represented by Northeast Ohio Public Energy
Council, or NOPEC, should look carefully at the fixed-price offer
they received from this aggregation group because there will be
winners and losers," Yuan said. "With FES, everyone enjoys
guaranteed savings every month, and they are buying from a local
company with strong ties to our communities instead of from NOPEC's
Florida-based supplier." Customers interested in learning more
about the FES offer should contact the company at 1-877-524-SAVE
(7283) or online at http://www.fes.com/save. All that is needed is
the 20-digit customer number from a current electric bill. FES is
the competitive subsidiary of FirstEnergy Corp., (NYSE:FE). FES is
the generation supplier for more than 500,000 residential and small
business customers in 50 communities that are part of government
aggregation groups in northern Ohio. Customers that are part of
these groups receive similar savings through 2011. FES also is a
licensed supplier in Pennsylvania, New Jersey, Maryland, Michigan
and Illinois. FirstEnergy is a diversified energy company
headquartered in Akron, Ohio. Its subsidiaries and affiliates are
involved in the generation, transmission and distribution of
electricity, as well as energy management and other energy-related
services. Its generating affiliates own or control more than 14,000
megawatts of generating capacity. 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 our 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 and legislative and regulatory
changes affecting how generation rates will be determined following
the expiration of existing rate plans in Pennsylvania, the impact
of the PUCO's regulatory process on the Ohio Companies associated
with the distribution rate case, the impact of the competitive
generation procurement process in Ohio, economic or weather
conditions affecting future sales and margins, changes in markets
for energy services, changing energy and commodity market prices
and availability, replacement power costs being higher than
anticipated or inadequately hedged, the continued ability of
FirstEnergy's regulated utilities to collect transition and other
charges or to recover increased transmission costs, maintenance
costs being higher than anticipated, other legislative and
regulatory changes, revised environmental requirements, including
possible greenhouse gas emission regulations, the potential impacts
of the U.S. Court of Appeals' July 11, 2008 decision requiring
revisions to the CAIR rules and the scope of any laws, rules or
regulations that may ultimately take their place, the uncertainty
of the timing and amounts of the capital expenditures needed to,
among other things, implement the AQC Plan (including that such
amounts could be higher than anticipated or that certain generating
units may need to be shut down) or levels of emission reductions
related to the Consent Decree resolving the NSR litigation or other
potential regulatory initiatives, adverse regulatory or legal
decisions and outcomes (including, but not limited to, the
revocation of necessary licenses or operating permits and
oversight) by the NRC (including, but not limited to, the Demand
for Information issued to FENOC on May 14, 2007), Met-Ed's and
Penelec's transmission service charge filings with the PPUC, the
continuing availability of generating units and their ability to
operate at or near full capacity, the ability to comply with
applicable state and federal reliability standards, the ability to
accomplish or realize anticipated benefits from strategic goals
(including employee workforce initiatives), the ability to improve
electric commodity margins and 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 it to make additional contributions sooner, or in an amount
that is larger than currently anticipated, the ability to access
the public securities and other capital and credit markets in
accordance with FirstEnergy's financing plan and the cost of such
capital, changes in general economic conditions affecting the
company, the state of the capital and credit markets affecting the
company, interest rates and any actions taken by credit rating
agencies that could negatively affect FirstEnergy's access to
financing or its costs and increase its requirements to post
additional collateral to support outstanding commodity positions,
letters of credit and other financial guarantees, the continuing
decline of the national and regional economy and its impact on
FirstEnergy's major industrial and commercial customers, issues
concerning the soundness of financial institutions and
counterparties with which FirstEnergy does business, and the risks
and other factors discussed from time to time in its 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 its 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. DATASOURCE: FirstEnergy Corp. CONTACT: Ellen Raines of
FirstEnergy, +1-330-384-5808 Web Site:
http://www.firstenergycorp.com/
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