Financial Summary for FirstEnergy Corp.

Operating Revenues ($000)

Net Income ($000)

1998 ProForma
5,861,285
448,500

1997
2,960,196
305,774

1996
2,521,788
302,673

1995
2,500,770
294,747

1994
2,390,957
281,852

1.95
1.50
230.0

1.94
1.50
157.6

2.10
1.50
144.1

2.05
1.50
143.8

1.97
1.50
143.1

18,063,507

18,080,795

9,054,457

8,892,088

9,045,255

4,159,598
6,969,835

2,503,359
2,712,760

2,407,871
2,786,256

2,317,197
3,166,593

Earnings Per Share ($)

Dividend Per Share ($)
Average Shares Outstanding (millions)

Balance Sheet Data

Total Assets ($000)
Capitalization ($000)
Common Stock
Long-term Debt
Levered Beta

0.55 (this Beta was calculated pre-merger, at that time D/E = .64)

FE Stock Data
Date
18-May-98

Open
29.75

High
29.94

Low
29.56

1 Year
5.38
5.99
6.30
6.84

5 Year
5.83
6.70
7.05
8.00

10 Year
5.83
6.93
7.37
8.80

Hours/Week
80
88
168

Hours/Year
4160
4600
8760

Yields for Government and Corporate Bonds

Treasury bonds
A-rated industrial bonds
BBB-rated industrial bonds
BB-rated industrial bonds

Electricity Market Terminology

Description
Mon-Fri 6am-10pm
Mon-Fri 10pm-6am; Sat-Sun
All hours

Period
On-Peak
Off-Peak
All Hours

1000 kilowatts (kw) = 1 megawatt (MW)

Generation (mwh) = Capacity (MW) x Hours/Year x Capacity Factor

Close
29.62

Volume
580,800