John W. Somerhalder II
Board Chair
Interim President and CEO
Paul Kaleta
Board Committee Chair, Corporate Governance,
Corporate Responsibility and Political Oversight
May 2023
It’s an exciting time for FirstEnergy, as we’re poised to leverage our many strengths: from the cultural transformation that has taken place, to our diverse assets and talented employees who are making our company and communities stronger with their drive, passion and ingenuity.
We are building a team that draws strength from its diversity of talent, experience and perspective while sharing an unwavering commitment to the mission and core values that anchor our corporate strategy. Our corporate responsibility website reflects our employees’ commitment to performance excellence as well the collaboration, innovation and investments necessary to enable the clean energy transition and meet the evolving needs of our customers.
Our long-term, multibillion-dollar investment plan supports our continued work to enhance the reliability of our transmission and distribution system. We’re developing a more resilient and modern electric grid for the millions of people who depend on us. For example, we recently deployed an interactive system across the entire FirstEnergy footprint that uses automation to enhance operations and streamline communications, paving the way for future technology advancements.
We believe renewable energy is a key aspect of the clean energy transition, and we continue to support efforts to cultivate a low carbon economy within our six-state service territory. With conditional approval from the Public Service Commission of West Virginia, we are advancing our 50 MW utility-scale solar generation project with the first site expected in service by 2023. We also continue to support electric vehicle infrastructure and energy efficiency programs across our footprint.
Along with a future-focused investment strategy, we believe it’s important to meet stakeholder expectations for transparency and accountability regarding our EESG efforts. For example, guided by the Task Force on Climate-related Financial Disclosures (TCFD) framework, we published an updated Climate Report in November of 2022, which builds upon the 2-degree analysis we conducted in 2019. With additional insights from ~1.5-degree and ~4.5-degree climate scenarios, this new analysis helps us consider a broader range of possible climate futures, illuminating the potential risks and opportunities associated with each.
We are proud to share our progress on a range of key EESG initiatives and look ahead with both enthusiasm and determination. Each new day presents an opportunity to bring good energy to the communities we serve. And with every new challenge, we have a chance to do better.
Our strong leaders and dedicated employees have the wisdom – and the courage – to accomplish a clean energy transition and take actions to mitigate the risks of climate change. Together, we are reimaging the fabric of our organization and the future of our industry.
John W. Somerhalder II
Paul Kaleta