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FirstEnergy's CEO Discusses Q1 2012 Results - Earnings Call Transcript

FirstEnergy (FE)

Q1 2012 Earnings Call

May 01, 2012 1:00 pm ET

Executives

Meghan Beringer -

Anthony J. Alexander - Chief Executive Officer, President and Executive Director

Mark T. Clark - Chief Financial Officer and Executive Vice President

William D. Byrd - Chief Risk Officer and Vice President of Corporate Risk

Leila L. Vespoli - Executive Vice President and General Counsel

Harvey L. Wagner - Chief Accounting Officer, Vice President and Controller

Irene M. Prezelj -

Analysts

Dan Eggers - Crédit Suisse AG, Research Division

Stephen Byrd - Morgan Stanley, Research Division

Steven I. Fleishman - BofA Merrill Lynch, Research Division

Julien Dumoulin-Smith - UBS Investment Bank, Research Division

Jonathan P. Arnold - Deutsche Bank AG, Research Division

Paul T. Ridzon - KeyBanc Capital Markets Inc., Research Division

Hugh Wynne - Sanford C. Bernstein & Co., LLC., Research Division

Gregg Orrill - Barclays Capital, Research Division

Greg Gordon - ISI Group Inc., Research Division

Paul Patterson - Glenrock Associates LLC

Kit Konolige - Konolige Research, LLC

Presentation

Operator

Greetings, and welcome to the FirstEnergy Corp.'s First Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Ms. Meghan Beringer, Director of Investor Relations. Thank you, Ms. Beringer, you may begin.

Meghan Beringer

Thank you, Jackie, and good afternoon. During this conference call, we will make various forward-looking statements within the meaning of the Safe Harbor Provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the business of FirstEnergy Corp. are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. Please read the Safe Harbor statement contained in the consolidated report to the financial community, which was released earlier today, and is also available on our website under the Earnings Release link. Reconciliations to GAAP for the non-GAAP earnings measures we will be referring to today are also contained in that report, as well as on the Investor Information section on our website at www.firstenergycorp.com/ir. Participating in today's call are Tony Alexander, President and Chief Executive Officer; Mark Clark, Executive Vice President and Chief Financial Officer; Leila Vespoli, Executive Vice President and General Counsel; Jim Pearson, Vice President and Treasurer; Harvey Wagner, Vice President, Controller and Chief Accounting Officer; Bill Byrd, Vice President, Corporate Risk and Chief Risk Officer; and Irene Prezelj, Vice President of Investor Relations. I will now turn the call over to Tony Alexander.

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