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{{#Wiki_filter:FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Nov-09 press release or news release http://www.hvllc.com/en/rel/94/
{{#Wiki_filter:FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Nov-09 press release or news release 2603 Augusta, Suite 900            t: 713- 532- 7992 Houston, TX 77057                  f: 713- 532- 9922 Team Releases          Articles        Calendar Advisory Board Releases  View  Search    List Our Strategy 23-Nov-09 9:00 AM CST                                                               Print l More options ?
[12/27/2010 4:03:55 PM]
Investment Funds News Enviromental Awareness          FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Home AKRON, Ohio - FirstEnergy Generation Corp., a subsidiary of Akron, Ohiobased Contact Us FirstEnergy Corp. (NYSE: FE) today announced that it has purchased the rights to develop a compressed-air electric generating plant on a 92-acre site in Norton, Ohio, from CAES Development Company, LLC. The transaction includes rights to a 600-acre User Name:
2603 Augusta, Suite 900Houston, TX 77057 t: 713-532-7992f: 713-532-9922 23-Nov-09 9:00 AM CST Print l More options  
underground cavern, formerly operated as a limestone mine, that is ideal for energy storage technology.
?FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT AKRON , Ohio - FirstEnergy Generation Corp., a subsidiary of Akron, OhiobasedFirstEnergy Corp. (NYSE: FE) today announced that it has purchased the rights todevelop a compressed-air electric generating plant on a 92-acre site in Norton , Ohio ,from CAES Development Company, LLC. The transaction includes rights to a 600-acre underground cavern, formerly operated as a limestone mine, that is ideal for energystorage technology.
"The compressed-air technology envisioned at this site would essentially operatelike a large battery, storing energy at night for use during the day when it is needed," saidAnthony J. Alexander, president and chief executive officer of FirstEnergy. "Becausemany renewable energy sources - such as wind - are intermittent, they don't always produce power when electricity demand is high. The energy storage aspects of this project would provide a way to harness renewable energy to be used when customersneed it, making this project a key component to our region's overall renewable energy strategy."
"This project has the potential to create hundreds of construction jobs and providesupport for the development of a vibrant renewable energy business - and additional'green energy' jobs - in Ohio," said Ohio Governor Ted Strickland. "This is an exampleof how we can leverage technology and our natural resources to grow our economy andensure our energy future."
Similar to pumped-hydro storage - where water is pumped up to a reservoir thenreleased through a turbine to produce electricity during peak periods - compressed-airtechnology involves compressing air in an underground cavern or other chamber duringthe evening - when electricity demand is lower - and releasing it during the day, whenthe need for electricity is greater.
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The compressed-air technology envisioned at this site would essentially operate Remember Login:                         like a large battery, storing energy at night for use during the day when it is needed, said Log In          Anthony J. Alexander, president and chief executive officer of FirstEnergy. Because many renewable energy sources - such as wind - are intermittent, they dont always Forgot your                    produce power when electricity demand is high. The energy storage aspects of this password?
Or, to request alogin for this site,click here.
project would provide a way to harness renewable energy to be used when customers Or, to request a              need it, making this project a key component to our regions overall renewable energy login for this site, click here.                    strategy.
Releases Articles Calendar Releases View Search List TeamAdvisory BoardOur StrategyInvestment Funds NewsEnviromental Awareness HomeContact Us FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Nov-09 press release or news release http://www.hvllc.com/en/rel/94/
This project has the potential to create hundreds of construction jobs and provide support for the development of a vibrant renewable energy business - and additional green energy jobs - in Ohio, said Ohio Governor Ted Strickland. This is an example of how we can leverage technology and our natural resources to grow our economy and ensure our energy future.
[12/27/2010 4:03:55 PM]
Similar to pumped-hydro storage - where water is pumped up to a reservoir then released through a turbine to produce electricity during peak periods - compressed-air technology involves compressing air in an underground cavern or other chamber during the evening - when electricity demand is lower - and releasing it during the day, when the need for electricity is greater.
"A compressed-air energy storage project of this size has the potential to be amajor step in advancing electricity storage and balancing load demand," said ArshadMansoor, vice president of Power Delivery and Utilization at the Electric PowerResearch Institute. "This could be a key component in integrating large-scale intermittentrenewables onto the nation's grid system."
http://www.hvllc.com/en/rel/94/[12/27/2010 4:03:55 PM]
The company is evaluating its options related to the project, but has not yetcommitted to development scope or timing. However, an initial phase could involveinstalling two to four units capable of generating a minimum of 268 megawatts (MW) ofelectricity. With 9.6 million cubic meters of storage, the Norton Energy Storage Projecthas the potential to be expanded to up to 2,700 MW of capacity.
 
Currently, there are two commercial-scale compressed air electric generatingfacilities: a 110 MW plant in McIntosh, Ala., operated by PowerSouth Cooperative thatbegan service in 1991; and a 290 MW facility in Bremen , Germany, that has been inoperation since 1978. While there are other compressed-air projects under development,none is expected to be comparable in size and scope to the Norton facility.
FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Nov-09 press release or news release A compressed-air energy storage project of this size has the potential to be a major step in advancing electricity storage and balancing load demand, said Arshad Mansoor, vice president of Power Delivery and Utilization at the Electric Power Research Institute. This could be a key component in integrating large-scale intermittent renewables onto the nations grid system.
The Norton Energy Storage Project is part of FirstEnergy's overall environmentalstrategy, which includes continued investment in renewable and low-emitting energyresources. In April, the company said it plans to repower units 4 and 5 at its R.E. BurgerPlant in Shadyside , Ohio, to generate electricity principally with biomass. And, inSeptember, the company announced plans to complete construction on the Fremont Energy Center, a 707-MW natural-gas-fired peaking plant located in Fremont , Ohio, bythe end of 2010. Together, these projects would further reduce the company's average3 carbon-dioxide emission rate, which already is about one-third below the regional average. Compressed-air storage, when combined with renewable energy resources,provides for low-emitting power generation that is dispatched when customers need it.FirstEnergy currently has more than 800 MW of renewable capacity, including pumped-storage hydro and wind power. By the end of 2012, when the biomass project at the Burger Plant is complete, the company's renewable capacity could be more than 1,000 MW.
The company is evaluating its options related to the project, but has not yet committed to development scope or timing. However, an initial phase could involve installing two to four units capable of generating a minimum of 268 megawatts (MW) of electricity. With 9.6 million cubic meters of storage, the Norton Energy Storage Project has the potential to be expanded to up to 2,700 MW of capacity.
FirstEnergy is a diversified energy company headquartered in Akron , Ohio. Itssubsidiaries and affiliates are involved in the generation, transmission and distribution ofelectricity, as well as energy management and other energy-related services. Its sevenelectric utility operating companies comprise the nation's fifth largest investor-owned electric system, based on 4.5 million customers served, within a 36,100-square-mile area of Ohio , Pennsylvania and New Jersey; and its generation subsidiaries control more than14,000 megawatts of capacity.
Currently, there are two commercial-scale compressed air electric generating facilities: a 110 MW plant in McIntosh, Ala., operated by PowerSouth Cooperative that began service in 1991; and a 290 MW facility in Bremen, Germany, that has been in operation since 1978. While there are other compressed-air projects under development, none is expected to be comparable in size and scope to the Norton facility.
Forward-Looking Statements: This news release includes forward-looking statements based on information currently available to management. Such statements are subject to certain risks anduncertainties. These statements include declarations regarding management's intents, beliefs and currentexpectations. These statements typically contain, but are not limited to, the terms "anticipate," "potential,"
The Norton Energy Storage Project is part of FirstEnergys overall environmental strategy, which includes continued investment in renewable and low-emitting energy resources. In April, the company said it plans to repower units 4 and 5 at its R.E. Burger Plant in Shadyside, Ohio, to generate electricity principally with biomass. And, in September, the company announced plans to complete construction on the Fremont Energy Center, a 707-MW natural-gas-fired peaking plant located in Fremont, Ohio, by the end of 2010. Together, these projects would further reduce the companys average 3 carbon-dioxide emission rate, which already is about one-third below the regional average.
"expect," "believe," "estimate" and similar words. Forwardlooking 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 orachievements 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 FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Nov-09 press release or news release http://www.hvllc.com/en/rel/94/
Compressed-air storage, when combined with renewable energy resources, provides for low-emitting power generation that is dispatched when customers need it.
[12/27/2010 4:03:55 PM]legislative and regulatory changes affecting how generation rates will be determined following theexpiration of existing rate plans in Pennsylvania, the impact of the Public Utilities Commission of Ohio'sregulatory process on the Ohio Companies associated with the distribution rate case, economic orweather 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 collecttransition and other charges or to recover increased transmission costs, operating and maintenance costsbeing higher than anticipated, other legislative and regulatory changes, revised environmental requirements, including possible greenhouse gas emission regulations, the potential impacts of the U.S.
FirstEnergy currently has more than 800 MW of renewable capacity, including pumped-storage hydro and wind power. By the end of 2012, when the biomass project at the Burger Plant is complete, the companys renewable capacity could be more than 1,000 MW.
Court of Appeals' July 11, 2008 decision requiring revisions to the Clean Air Interstate Rules and thescope of any laws, rules or regulations that may ultimately take their place, the uncertainty of the timingand amounts of the capital expenditures needed to, among other things, implement the Air Quality Compliance Plan (including that such amounts could be higher than anticipated or that certain generatingunits may need to be shut down) or levels of emission reductions related to the Consent Decreeresolving the New Source Review litigation or other similar potential regulatory initiatives or actions, adverse regulatory or legal decisions and outcomes (including, but not limited to, the revocation of necessary licenses or operating permits and oversight) by the Nuclear Regulatory Commission,Metropolitan Edison Company's and Pennsylvania Electric Company's transmission service charge filingswith the Pennsylvania Public Utility Commission, 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 (includingemployee workforce 4 initiatives), the ability to improve electric commodity margins and to experiencegrowth 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 tomake additional contributions sooner, or in an amount that is larger than currently anticipated, the abilityto 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 actionstaken by credit rating agencies that could negatively affect FirstEnergy's access to financing or its costsor 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 the company's major industrial and commercial customers, issues concerningthe soundness of financial institutions and counterparties with which FirstEnergy does business, and therisks and other factors discussed from time to time in its Securities and Exchange Commission filings, and other similar factors. The foregoing review of factors should not be construed as exhaustive. Newfactors emerge from time to time, and it is not possible for management to predict all such factors, norassess 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 any forward-lookingstatements contained herein as a result of new information, future events, or otherwise.
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 seven electric utility operating companies comprise the nations fifth largest investor-owned electric system, based on 4.5 million customers served, within a 36,100-square-mile area of Ohio, Pennsylvania and New Jersey; and its generation subsidiaries control more than 14,000 megawatts of 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 managements intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms anticipate, potential, expect, believe, estimate and similar words. Forwardlooking 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 http://www.hvllc.com/en/rel/94/[12/27/2010 4:03:55 PM]
 
FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Nov-09 press release or news release legislative and regulatory changes affecting how generation rates will be determined following the expiration of existing rate plans in Pennsylvania, the impact of the Public Utilities Commission of Ohios regulatory process on the Ohio Companies associated with the distribution rate case, 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 FirstEnergys regulated utilities to collect transition and other charges or to recover increased transmission costs, operating and 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 Clean Air Interstate 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 Air Quality Compliance 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 New Source Review litigation or other similar potential regulatory initiatives or actions, adverse regulatory or legal decisions and outcomes (including, but not limited to, the revocation of necessary licenses or operating permits and oversight) by the Nuclear Regulatory Commission, Metropolitan Edison Companys and Pennsylvania Electric Companys transmission service charge filings with the Pennsylvania Public Utility Commission, 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 4 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 FirstEnergys 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 FirstEnergys 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 FirstEnergys access to financing or its costs or 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 the companys 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 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 FirstEnergys 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.
Source: FirstEnergy Corp.
Source: FirstEnergy Corp.
Website: http://www.firstenergycorp.com LikeYou like this.
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FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Nov-09 press release or news release http://www.hvllc.com/en/rel/94/
FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Nov-09 press release or news release Related Documents:
[12/27/2010 4:03:55 PM]
Other Recent Releases:
Related Documents:
Tristream Energy Announces Acquisition of East Texas Processing Assets 29-Jul-10 HADDINGTON SELLS BOBCAT GAS STORAGE ASSETS AND DEVELOPMENT PROJECT TO SPECTRA ENERGY 15-Jul-10 Magnum Gas Storage Application Accepted by FERC for Construction of a High-Deliverability Salt Cavern Storage Facility in Central Utah 16-Dec-09 Compressed Air Energy Storage 8-Dec-09 FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT 23-Nov-09 HADDINGTON SELLS RIGHTS TO ITS NORTON ENERGY STORAGE PROJECT TO FIRSTENERGY 23-Nov-09 Bobcat Places Cavern II at Port Barre Facility In Service 9-Nov-09 MAGNUM GAS STORAGE ANNOUNCES A NON-BINDING OPEN SEASON FOR THE FIRST HIGH-DELIVERABILITY SALT CAVERN NATURAL GAS STORAGE FACILITY IN THE WESTERN U.S. 10-Jun-09 BOBCAT GAS SALT CAVERN BEGINS NATURAL GAS STORAGE IN LOUISIANA, OWNERS GE AND HADDINGTON ANNOUNCE 12-Nov-08 Endicott Biofuels and Davy Process Technology Partner to Build Next Generation Biodiesel Facilities 4-Jun-08 Contact Us l Site Map l       l Search This Site l Home Schipul Web Design l Tendenci Membership Management Software http://www.hvllc.com/en/rel/94/[12/27/2010 4:03:55 PM]}}
Other Recent Releases:Tristream Energy Announces Acquisition of East Texas Processing Assets 29-Jul-10HADDINGTON SELLS BOBCAT GAS STORAGE ASSETS AND DEVELOPMENT PROJECT TOSPECTRA ENERGY 15-Jul-10Magnum Gas Storage Application Accepted by FERC for Construction of a High-Deliverability Salt Cavern Storage Facility in Central Utah 16-Dec-09Compressed Air Energy Storage 8-Dec-09FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT 23-Nov-09HADDINGTON SELLS RIGHTS TO ITS NORTON ENERGY STORAGE PROJECT TO FIRSTENERGY 23-Nov-09Bobcat Places Cavern II at Port Barre Facility In Service 9-Nov-09MAGNUM GAS STORAGE ANNOUNCES A NON-BINDING OPEN SEASON FOR THE FIRSTHIGH-DELIVERABILITY SALT CAVERN NATURAL GAS STORAGE FACILITY IN THE WESTERN U.S. 10-Jun-09BOBCAT GAS' SALT CAVERN BEGINS NATURAL GAS STORAGE IN LOUISIANA, OWNERSGE AND HADDINGTON ANNOUNCE 12-Nov-08Endicott Biofuels and Davy Process Technology Partner to Build Next GenerationBiodiesel Facilities 4-Jun-08 Contact Us l Site Map l l Search This Site l Home Schipul Web Design l Tendenci Membership Management Software}}

Revision as of 05:06, 13 November 2019

2009/11/23-Exhibit 54-FirstEnergy Acquires Rights to Norton Energy Storage Project
ML103620054
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Issue date: 11/23/2009
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FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Nov-09 press release or news release 2603 Augusta, Suite 900 t: 713- 532- 7992 Houston, TX 77057 f: 713- 532- 9922 Team Releases Articles Calendar Advisory Board Releases View Search List Our Strategy 23-Nov-09 9:00 AM CST Print l More options ?

Investment Funds News Enviromental Awareness FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Home AKRON, Ohio - FirstEnergy Generation Corp., a subsidiary of Akron, Ohiobased Contact Us FirstEnergy Corp. (NYSE: FE) today announced that it has purchased the rights to develop a compressed-air electric generating plant on a 92-acre site in Norton, Ohio, from CAES Development Company, LLC. The transaction includes rights to a 600-acre User Name:

underground cavern, formerly operated as a limestone mine, that is ideal for energy storage technology.

Password:

The compressed-air technology envisioned at this site would essentially operate Remember Login: like a large battery, storing energy at night for use during the day when it is needed, said Log In Anthony J. Alexander, president and chief executive officer of FirstEnergy. Because many renewable energy sources - such as wind - are intermittent, they dont always Forgot your produce power when electricity demand is high. The energy storage aspects of this password?

project would provide a way to harness renewable energy to be used when customers Or, to request a need it, making this project a key component to our regions overall renewable energy login for this site, click here. strategy.

This project has the potential to create hundreds of construction jobs and provide support for the development of a vibrant renewable energy business - and additional green energy jobs - in Ohio, said Ohio Governor Ted Strickland. This is an example of how we can leverage technology and our natural resources to grow our economy and ensure our energy future.

Similar to pumped-hydro storage - where water is pumped up to a reservoir then released through a turbine to produce electricity during peak periods - compressed-air technology involves compressing air in an underground cavern or other chamber during the evening - when electricity demand is lower - and releasing it during the day, when the need for electricity is greater.

http://www.hvllc.com/en/rel/94/[12/27/2010 4:03:55 PM]

FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Nov-09 press release or news release A compressed-air energy storage project of this size has the potential to be a major step in advancing electricity storage and balancing load demand, said Arshad Mansoor, vice president of Power Delivery and Utilization at the Electric Power Research Institute. This could be a key component in integrating large-scale intermittent renewables onto the nations grid system.

The company is evaluating its options related to the project, but has not yet committed to development scope or timing. However, an initial phase could involve installing two to four units capable of generating a minimum of 268 megawatts (MW) of electricity. With 9.6 million cubic meters of storage, the Norton Energy Storage Project has the potential to be expanded to up to 2,700 MW of capacity.

Currently, there are two commercial-scale compressed air electric generating facilities: a 110 MW plant in McIntosh, Ala., operated by PowerSouth Cooperative that began service in 1991; and a 290 MW facility in Bremen, Germany, that has been in operation since 1978. While there are other compressed-air projects under development, none is expected to be comparable in size and scope to the Norton facility.

The Norton Energy Storage Project is part of FirstEnergys overall environmental strategy, which includes continued investment in renewable and low-emitting energy resources. In April, the company said it plans to repower units 4 and 5 at its R.E. Burger Plant in Shadyside, Ohio, to generate electricity principally with biomass. And, in September, the company announced plans to complete construction on the Fremont Energy Center, a 707-MW natural-gas-fired peaking plant located in Fremont, Ohio, by the end of 2010. Together, these projects would further reduce the companys average 3 carbon-dioxide emission rate, which already is about one-third below the regional average.

Compressed-air storage, when combined with renewable energy resources, provides for low-emitting power generation that is dispatched when customers need it.

FirstEnergy currently has more than 800 MW of renewable capacity, including pumped-storage hydro and wind power. By the end of 2012, when the biomass project at the Burger Plant is complete, the companys renewable capacity could be more than 1,000 MW.

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 seven electric utility operating companies comprise the nations fifth largest investor-owned electric system, based on 4.5 million customers served, within a 36,100-square-mile area of Ohio, Pennsylvania and New Jersey; and its generation subsidiaries control more than 14,000 megawatts of 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 managements intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms anticipate, potential, expect, believe, estimate and similar words. Forwardlooking 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 http://www.hvllc.com/en/rel/94/[12/27/2010 4:03:55 PM]

FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Nov-09 press release or news release legislative and regulatory changes affecting how generation rates will be determined following the expiration of existing rate plans in Pennsylvania, the impact of the Public Utilities Commission of Ohios regulatory process on the Ohio Companies associated with the distribution rate case, 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 FirstEnergys regulated utilities to collect transition and other charges or to recover increased transmission costs, operating and 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 Clean Air Interstate 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 Air Quality Compliance 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 New Source Review litigation or other similar potential regulatory initiatives or actions, adverse regulatory or legal decisions and outcomes (including, but not limited to, the revocation of necessary licenses or operating permits and oversight) by the Nuclear Regulatory Commission, Metropolitan Edison Companys and Pennsylvania Electric Companys transmission service charge filings with the Pennsylvania Public Utility Commission, 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 4 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 FirstEnergys 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 FirstEnergys 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 FirstEnergys access to financing or its costs or 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 the companys 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 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 FirstEnergys 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.

Source: FirstEnergy Corp.

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http://www.hvllc.com/en/rel/94/[12/27/2010 4:03:55 PM]

FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT Nov-09 press release or news release Related Documents:

Other Recent Releases:

Tristream Energy Announces Acquisition of East Texas Processing Assets 29-Jul-10 HADDINGTON SELLS BOBCAT GAS STORAGE ASSETS AND DEVELOPMENT PROJECT TO SPECTRA ENERGY 15-Jul-10 Magnum Gas Storage Application Accepted by FERC for Construction of a High-Deliverability Salt Cavern Storage Facility in Central Utah 16-Dec-09 Compressed Air Energy Storage 8-Dec-09 FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT 23-Nov-09 HADDINGTON SELLS RIGHTS TO ITS NORTON ENERGY STORAGE PROJECT TO FIRSTENERGY 23-Nov-09 Bobcat Places Cavern II at Port Barre Facility In Service 9-Nov-09 MAGNUM GAS STORAGE ANNOUNCES A NON-BINDING OPEN SEASON FOR THE FIRST HIGH-DELIVERABILITY SALT CAVERN NATURAL GAS STORAGE FACILITY IN THE WESTERN U.S. 10-Jun-09 BOBCAT GAS SALT CAVERN BEGINS NATURAL GAS STORAGE IN LOUISIANA, OWNERS GE AND HADDINGTON ANNOUNCE 12-Nov-08 Endicott Biofuels and Davy Process Technology Partner to Build Next Generation Biodiesel Facilities 4-Jun-08 Contact Us l Site Map l l Search This Site l Home Schipul Web Design l Tendenci Membership Management Software http://www.hvllc.com/en/rel/94/[12/27/2010 4:03:55 PM]

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