FirstEnergy Pennsylvania Utilities File Plans to Purchase Electric Generation Supply Beginning in 2023

READING, Pa., Dec. 15, 2021 -- FirstEnergy Corp.'s (NYSE: FE) Metropolitan Edison (Met-Ed), Pennsylvania Electric (Penelec), Pennsylvania Power (Penn Power), and West Penn Power (West Penn) utility companies have filed plans with the Pennsylvania Public Utility Commission (PaPUC) to procure electric generation supply beginning June 2023 for customers who choose not to shop with alternate suppliers. The companies, which do not own any electric generating plants, serve more than two million customers in Pennsylvania. An auction process will be used to ensure the utilities' customers have a secure supply of electric generation.

The proposed program also includes a process for meeting state-mandated alternative energy standards, including a separate bidding process to procure a long-term solar energy project. The solar Alternative Energy Credits from the solar project will be used to meet a portion of state-mandated alternative energy standards.

Additionally, the companies have proposed to continue the Customer Referral Program that was established in August 2013 in an effort to continue to enhance retail competition in their service territories.

Information about the filing and the proposed procurement program is available on the Companies' individual company webpages found at www.firstenergycorp.com.

The companies expect that the PaPUC will rule on their Default Service Program petition in mid-2022.

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its ten electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or online at www.firstenergycorp.com.

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