SUMMARY OF QUARTERLY FINANCIAL DATA (UNAUDITED)

The following summarizes certain consolidated operating results by quarter for 2011 and 2010. All periods presented have been revised for the change in accounting for Pensions and OPEB as described further in Note 1, Organization, Basis of Presentation and Significant Accounting Policies.



FirstEnergy
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share amounts)	2010												2011
As Reported	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	3,299		$	3,139		$	3,728		$	3,173		$	3,576		$	4,060		$	4,719
Other operating expense	701			673			738			738			1,008			1,098			1,024
Pensions and OPEB mark-to-market adjustment	—			—			—			—			—			—			—
Provision for depreciation	193			190			182			181			220			282			292
Impairment of long-lived assets	—			—			292			92			25			7			9
Operating Income	416			526			415			448			315			486			1,022
Income before income taxes	260			390			294			298			123			272			820
Income taxes	111			134			119			118			78			101			311
Net Income	149			256			175			180			45			171			509
Earnings available to FirstEnergy Corp.	155			265			179			185			50			181			511
Earnings per share of common stock-
Basic	$	0.51		$	0.87		$	0.59		$	0.61		$	0.15		$	0.43		$	1.22
Diluted	$	0.51		$	0.87		$	0.59		$	0.60		$	0.15		$	0.43		$	1.22

	2010												2011
Effect of Change	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Other operating expense	(39		)	(39		)	(39		)	(37		)	(40		)	(40		)	(40		)
Pensions and OPEB mark-to-market adjustment	—			—			—			190			—			—			—
Provision for depreciation	5			5			5			7			5			5			5
Impairment of long-lived assets	—			—			3			1			—			—			—
Operating Income	34			34			31			(161		)	35			35			35
Income before income taxes	34			34			31			(161		)	35			35			35
Income taxes	13			13			13			(59		)	13			13			14
Net Income	21			21			18			(102		)	22			22			21
Earnings available to FirstEnergy Corp.	21			21			18			(102		)	22			22			21
Earnings per share of common stock-
Basic	$	0.07		$	0.07		$	0.06		$	(0.34	)	$	0.06		$	0.05		$	0.05
Diluted	$	0.06		$	0.06		$	0.06		$	(0.33	)	$	0.06		$	0.05		$	0.05

	2010												2011
As Revised	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31⁽¹⁾			June 30			Sept. 30			Dec. 31
Revenues	$	3,299		$	3,139		$	3,728		$	3,173		$	3,576		$	4,060		$	4,719		$	3,903
Other operating expense	662			634			699			701			968			1,058			984			899
Pensions and OPEB mark-to-market adjustment	—			—			—			190			—			—			—			507
Provision for depreciation	198			195			187			188			225			287			297			312
Impairment of long-lived assets	—			—			295			93			25			7			9			372
Operating Income	450			560			446			287			350			521			1,057			(230		)
Income before income taxes	294			424			325			137			158			307			855			123
Income taxes	124			147			132			59			111			114			325			24
Net Income	170			277			193			78			47			193			530			99
Earnings available to FirstEnergy Corp.	176			286			197			83			52			203			532			98
Earnings per share of common stock-
Basic	$	0.58		$	0.94		$	0.65		$	0.27		$	0.15		$	0.48		$	1.27		$	0.23
Diluted	$	0.57		$	0.93		$	0.65		$	0.27		$	0.15		$	0.48		$	1.27		$	0.23

⁽¹⁾Reflects a $20 million ($0.06 per basic and diluted share of common stock) increase to income taxes related to an Allegheny purchase accounting adjustment identified in the fourth quarter of 2011. FirstEnergy will revise its 2011 quarter filings prospectively when the corresponding 2012 quarters are filed.



FES
CONSOLIDATED STATEMENTS OF INCOME
(In millions)	2010												2011
As Reported	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	1,388.0		$	1,326.0		$	1,589.0		$	1,525.0		$	1,391.0		$	1,292.0		$	1,467.0
Other operating expense	305.0			304.0			308.0			363.0			496.0			429.0			405.0
Pensions and OPEB mark-to-market adjustment	—			—			—			—			—			—			—
Provision for depreciation	63.0			63.0			60.0			57.0			68.0			68.0			69.0
Impairment of long-lived assets	2.0			—			292.0			90.0			14.0			7.0			2.0
Operating Income (loss)	153.0			215.0			(46.0		)	146.0			75.0			48.0			191.0
Income before income taxes	124.0			203.0			(42.0		)	135.0			56.0			24.0			183.0
Income taxes	44.0			69.0			(5.0		)	43.0			20.0			4.0			73.0
Net Income (loss)	80.0			134.0			(37.0		)	92.0			36.0			20.0			110.0

	2010												2011
Effect of Change	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Other operating expense	(12.0		)	(12.0		)	(12.0		)	(14.0		)	(16.0		)	(16.0		)	(15.0		)
Pensions and OPEB mark-to-market adjustment	—			—			—			107.0			—			—			—
Provision for depreciation	1.0			1.0			1.0			—			1.0			1.0			—
Impairment of long-lived assets	—			—			3.0			1.0			—			—			—
Operating Income	11.0			11.0			8.0			(94.0		)	15.0			15.0			15.0
Income before income taxes	11.0			11.0			8.0			(94.0		)	15.0			15.0			15.0
Income taxes	4.0			4.0			4.0			(38.0		)	6.0			6.0			5.0
Net Income	7.0			7.0			4.0			(56.0		)	9.0			9.0			10.0

	2010												2011
As Revised	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30			Dec. 31
Revenues	$	1,388.0		$	1,326.0		$	1,589.0		$	1,525.0		$	1,391.0		$	1,292.0		$	1,467.0		$	1,327.0
Other operating expense	293.0			292.0			296.0			349.0			480.0			413.0			390.0			347.0
Pensions and OPEB mark-to-market adjustment	—			—			—			107.0			—			—			—			171.0
Provision for depreciation	64.0			64.0			61.0			57.0			69.0			69.0			69.0			68.0
Impairment of long-lived assets	2.0			—			295.0			91.0			14.0			7.0			2.0			271.0
Operating Income (loss)	164.0			226.0			(38.0		)	52.0			90.0			63.0			206.0			(340.0		)
Income before income taxes	135.0			214.0			(34.0		)	41.0			71.0			39.0			198.0			(378.0		)
Income taxes	48.0			73.0			(1.0		)	5.0			26.0			10.0			78.0			(125.0		)
Net Income (loss)	87.0			141.0			(33.0		)	36.0			45.0			29.0			120.0			(253.0		)



OE
CONSOLIDATED STATEMENTS OF INCOME
(In millions)	2010												2011
As Reported	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	508.0		$	439.0		$	487.0		$	402.0		$	392.0		$	385.0		$	470.0
Other operating expense	89.0			88.0			95.0			92.0			101.0			111.0			119.0
Pensions and OPEB mark-to-market adjustment	—			—			—			—			—			—			—
Provision for depreciation	22.0			22.0			22.0			22.0			22.0			22.0			23.0
Operating Income	73.0			63.0			90.0			74.0			65.0			72.0			94.0
Income before income taxes	56.0			49.0			75.0			58.0			48.0			55.0			83.0
Income taxes	20.0			12.0			29.0			20.0			18.0			16.0			33.0
Net Income	36.0			37.0			46.0			38.0			30.0			39.0			50.0

	2010												2011
Effect of Change	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Other operating expense	(6.0		)	(6.0		)	(6.0		)	(4.0		)	(5.0		)	(5.0		)	(5.0		)
Pensions and OPEB mark-to-market adjustment	—			—			—			24.0			—			—			—
Provision for depreciation	1.0			1.0			1.0			—			1.0			1.0			—
Operating Income	5.0			5.0			5.0			(20.0		)	4.0			4.0			5.0
Income before income taxes	5.0			5.0			5.0			(20.0		)	4.0			4.0			5.0
Income taxes	2.0			2.0			2.0			(9.0		)	2.0			2.0			1.0
Net Income	3.0			3.0			3.0			(11.0		)	2.0			2.0			4.0

	2010												2011
As Revised	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30			Dec. 31
Revenues	$	508.0		$	439.0		$	487.0		$	402.0		$	392.0		$	385.0		$	470.0		$	386.0
Other operating expense	83.0			82.0			89.0			88.0			96.0			106.0			114.0			135.0
Pensions and OPEB mark-to-market adjustment	—			—			—			24.0			—			—			—			43.0
Provision for depreciation	23.0			23.0			23.0			22.0			23.0			23.0			23.0			24.0
Operating Income	78.0			68.0			95.0			54.0			69.0			76.0			99.0			23.0
Income before income taxes	61.0			54.0			80.0			38.0			52.0			59.0			88.0			7.0
Income taxes	22.0			14.0			31.0			11.0			20.0			18.0			34.0			6.0
Net Income	39.0			40.0			49.0			27.0			32.0			41.0			54.0			1.0



CEI
CONSOLIDATED STATEMENTS OF INCOME
(In millions)	2010												2011
As Reported	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	330.1		$	295.7		$	328.7		$	266.9		$	224.9		$	217.9		$	244.0
Other operating expense	31.2			28.9			36.4			33.4			35.0			31.6			40.3
Pensions and OPEB mark-to-market adjustment	—			—			—			—			—			—			—
Provision for depreciation	18.1			18.3			18.1			18.2			18.4			18.5			18.5
Operating Income	50.3			56.7			64.7			43.7			43.4			53.5			68.8
Income before income taxes	24.8			30.7			38.4			17.9			17.6			28.1			42.9
Income taxes	10.8			8.8			13.5			5.6			4.4			6.2			16.3
Net Income	14.0			21.9			24.9			12.3			13.2			21.8			26.6
Earnings available to Parent	13.6			21.6			24.6			11.9			12.8			21.5			26.3

	2010												2011
Effect of Change	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Other operating expense	(3.7		)	(3.7		)	(3.7		)	(3.7		)	(3.6		)	(3.6		)	(3.6		)
Pensions and OPEB mark-to-market adjustment	—			—			—			11.9			—			—			—
Provision for depreciation	0.5			0.5			0.5			0.6			0.4			0.4			0.4
Operating Income	3.2			3.2			3.2			(8.8		)	3.2			3.2			3.2
Income before income taxes	3.2			3.2			3.2			(8.8		)	3.2			3.2			3.2
Income taxes	1.1			1.1			1.1			(6.9		)	1.2			1.2			1.2
Net Income	2.1			2.1			2.1			(1.9		)	2.0			2.0			2.0
Earnings available to Parent	2.1			2.1			2.1			(1.9		)	2.0			2.0			2.0

	2010												2011
As Revised	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30			Dec. 31
Revenues	$	330.1		$	295.7		$	328.7		$	266.9		$	224.9		$	217.9		$	244.0		$	190.0
Other operating expense	27.5			25.2			32.7			29.7			31.4			28.0			36.7			33.6
Pensions and OPEB mark-to-market adjustment	—			—			—			11.9			—			—			—			20.1
Provision for depreciation	18.6			18.8			18.6			18.8			18.8			18.9			18.9			19.5
Operating Income	53.5			59.9			67.9			34.9			46.6			56.7			72.0			32.0
Income before income taxes	28.0			33.9			41.6			9.1			20.8			31.3			46.1			7.5
Income taxes	11.9			9.9			14.6			(1.3		)	5.6			7.4			17.5			3.4
Net Income	16.1			24.0			27.0			10.4			15.2			23.8			28.6			4.3
Earnings available to Parent	15.7			23.7			26.7			10.0			14.8			23.5			28.3			4.0



TE
CONSOLIDATED STATEMENTS OF INCOME
(In millions)	2010												2011
As Reported	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	132.5		$	120.8		$	144.0		$	119.4		$	113.6		$	99.3		$	144.8
Other operating expense	25.5			25.5			28.7			28.2			36.6			32.5			35.5
Pensions and OPEB mark-to-market adjustment	—			—			—			—			—			—			—
Provision for depreciation	8.0			8.0			7.8			7.9			7.9			8.0			8.0
Operating Income	20.9			14.4			27.9			18.6			16.6			20.3			30.8
Income before income taxes	12.9			8.2			20.0			9.6			7.6			13.0			23.8
Income taxes	5.4			0.9			6.9			4.4			1.7			1.4			9.0
Net Income	7.5			7.2			13.1			5.2			5.8			11.6			14.8
Earnings available to Parent	7.5			7.2			13.1			5.2			5.8			11.6			14.8

	2010												2011
Effect of Change	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Other operating expense	(1.5		)	(1.5		)	(1.5		)	(1.5		)	(1.5		)	(1.5		)	(1.5		)
Pensions and OPEB mark-to-market adjustment	—			—			—			4.2			—			—			—
Provision for depreciation	0.1			0.1			0.1			0.2			0.1			0.1			0.1
Operating Income	1.4			1.4			1.4			(2.9		)	1.4			1.4			1.4
Income before income taxes	1.4			1.4			1.4			(2.9		)	1.4			1.4			1.4
Income taxes	0.5			0.5			0.5			(3.4		)	0.5			0.5			0.5
Net Income	0.9			0.9			0.9			0.5			0.9			0.9			0.9
Earnings available to Parent	0.9			0.9			0.9			0.5			0.9			0.9			0.9

	2010												2011
As Revised	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30			Dec. 31
Revenues	$	132.5		$	120.8		$	144.0		$	119.4		$	113.6		$	99.3		$	144.8		$	119.3
Other operating expense	24.0			24.0			27.2			26.7			35.1			31.0			34.0			33.3
Pensions and OPEB mark-to-market adjustment	—			—			—			4.2			—			—			—			10.6
Provision for depreciation	8.1			8.1			7.9			8.1			8.0			8.1			8.1			8.3
Operating Income	22.3			15.8			29.3			15.7			18.0			21.7			32.2			8.1
Income before income taxes	14.3			9.6			21.4			6.7			9.0			14.4			25.2			0.7
Income taxes	5.9			1.4			7.4			1.0			2.2			1.9			9.5			1.0
Net Income	8.4			8.1			14.0			5.7			6.7			12.5			15.7			(0.2		)
Earnings available to Parent	8.4			8.1			14.0			5.7			6.7			12.5			15.7			(0.2		)



JCP&L
CONSOLIDATED STATEMENTS OF INCOME
(In millions)	2010												2011
As Reported	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	704.0		$	721.0		$	968.0		$	634.0		$	647.0		$	588.0		$	777.0
Other operating expense	96.0			75.0			89.0			84.0			86.0			79.0			132.0
Pensions and OPEB mark-to-market adjustment	—			—			—			—			—			—			—
Provision for depreciation	28.0			27.0			27.0			26.0			25.0			27.0			31.0
Operating Income	80.0			112.0			176.0			85.0			66.0			99.0			169.0
Income before income taxes	53.0			83.0			147.0			57.0			38.0			72.0			142.0
Income taxes	24.0			34.0			64.0			26.0			18.0			30.0			59.0
Net Income	29.0			50.0			83.0			30.0			20.0			42.0			83.0

	2010												2011
Effect of Change	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Other operating expense	(5.0		)	(5.0		)	(5.0		)	(6.0		)	(6.0		)	(6.0		)	(6.0		)
Pensions and OPEB mark-to-market adjustment	—			—			—			26.0			—			—			—
Provision for depreciation	1.0			1.0			1.0			2.0			1.0			1.0			2.0
Operating Income	4.0			4.0			4.0			(22.0		)	5.0			5.0			4.0
Income before income taxes	4.0			4.0			4.0			(22.0		)	5.0			5.0			4.0
Income taxes	2.0			2.0			2.0			(7.0		)	2.0			2.0			2.0
Net Income	2.0			2.0			2.0			(15.0		)	3.0			3.0			2.0

	2010												2011
As Revised	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30			Dec. 31
Revenues	$	704.0		$	721.0		$	968.0		$	634.0		$	647.0		$	588.0		$	777.0		$	483.0
Other operating expense	91.0			70.0			84.0			78.0			80.0			73.0			126.0			92.0
Pensions and OPEB mark-to-market adjustment	—			—			—			26.0			—			—			—			60.0
Provision for depreciation	29.0			28.0			28.0			28.0			26.0			28.0			33.0			48.0
Operating Income	84.0			116.0			180.0			63.0			71.0			104.0			173.0			24.0
Income before income taxes	57.0			87.0			151.0			35.0			43.0			77.0			146.0			(5.0		)
Income taxes	26.0			36.0			66.0			19.0			20.0			32.0			61.0			4.0
Net Income (Loss)	31.0			52.0			85.0			15.0			23.0			45.0			85.0			(9.0		)



Met-Ed
CONSOLIDATED STATEMENTS OF INCOME
(In millions)	2010												2011
As Reported	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	473.1		$	442.7		$	483.9		$	418.8		$	357.2		$	280.0		$	316.4
Other operating expense	102.0			90.2			141.8			84.6			47.2			50.1			47.5
Pensions and OPEB mark-to-market adjustment	—			—			—			—			—			—			—
Provision for depreciation	12.8			13.4			13.0			13.0			12.4			12.8			14.5
Operating Income	34.8			36.3			35.1			37.9			40.4			42.0			49.8
Income before income taxes	24.6			25.7			24.3			26.2			28.5			30.1			38.1
Income taxes	12.3			8.6			10.1			11.8			5.9			13.3			13.0
Net Income	12.3			17.1			14.2			14.4			22.6			16.8			25.1

	2010												2011
Effect of Change	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Other operating expense	(4.4		)	(4.4		)	(4.4		)	(4.4		)	(3.8		)	(3.8		)	(3.7		)
Pensions and OPEB mark-to-market adjustment	—			—			—			7.0			—			—			—
Provision for depreciation	0.9			0.9			0.9			0.9			0.8			0.8			0.9
Operating Income	3.5			3.5			3.5			(3.5		)	3.0			3.0			2.8
Income before income taxes	3.5			3.5			3.5			(3.5		)	3.0			3.0			2.8
Income taxes	1.5			1.5			1.5			0.4			1.2			1.2			1.2
Net Income	2.0			2.0			2.0			(3.9		)	1.8			1.8			1.6

	2010												2011
As Revised	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30			Dec. 31
Revenues	$	473.1		$	442.7		$	483.9		$	418.8		$	357.2		$	280.0		$	316.4		$	258.9
Other operating expense	97.6			85.8			137.4			80.2			43.4			46.3			43.8			37.7
Pensions and OPEB mark-to-market adjustment	—			—			—			7.0			—			—			—			33.5
Provision for depreciation	13.7			14.3			13.9			13.9			13.2			13.6			15.4			18.6
Operating Income	38.3			39.8			38.6			34.4			43.4			45.0			52.6			12.2
Income before income taxes	28.1			29.2			27.8			22.7			31.5			33.1			40.9			(0.8		)
Income taxes	13.8			10.1			11.6			12.2			7.1			14.5			14.2			1.0
Net Income	14.3			19.1			16.2			10.5			24.4			18.6			26.7			(1.8		)



Penelec
CONSOLIDATED STATEMENTS OF INCOME
(In millions)	2010												2011
As Reported	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	403.5		$	366.5		$	389.9		$	380.0		$	324.8		$	251.7		$	261.5
Other operating expense	72.4			67.1			58.8			70.3			41.3			44.6			39.0
Pensions and OPEB mark-to-market adjustment	—			—			—			—			—			—			—
Provision for depreciation	14.7			16.6			14.9			15.1			14.6			15.8			16.1
Operating Income	50.0			34.9			41.0			37.9			46.3			45.0			48.0
Income before income taxes	34.5			18.8			25.1			22.2			29.1			28.3			31.4
Income taxes	17.2			5.8			5.3			12.8			11.8			13.6			11.3
Net Income	17.3			13.0			19.8			9.4			17.3			14.7			20.2

	2010												2011
Effect of Change	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30
Revenues	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Other operating expense	(5.4		)	(5.4		)	(5.4		)	(5.4		)	(4.3		)	(4.3		)	(4.3		)
Pensions and OPEB mark-to-market adjustment	—			—			—			8.3			—			—			—
Provision for depreciation	1.1			1.1			1.1			1.1			1.0			1.0			1.0
Operating Income	4.3			4.3			4.3			(4.0		)	3.3			3.3			3.3
Income before income taxes	4.3			4.3			4.3			(4.0		)	3.3			3.3			3.3
Income taxes	1.8			1.8			1.8			(0.2		)	1.4			1.4			1.4
Net Income	2.5			2.5			2.5			(3.8		)	1.9			1.9			1.9

	2010												2011
As Revised	Mar. 31			June 30			Sept. 30			Dec. 31			Mar. 31			June 30			Sept. 30			Dec. 31⁽¹⁾
Revenues	$	403.5		$	366.5		$	389.9		$	380.0		$	324.8		$	251.7		$	261.5		$	243.2
Other operating expense	67.0			61.7			53.4			64.9			37.0			40.3			34.7			36.3
Pensions and OPEB mark-to-market adjustment	—			—			—			8.3			—			—			—			41.1
Provision for depreciation	15.8			17.7			16.0			16.2			15.6			16.8			17.1			13.6
Operating Income	54.3			39.2			45.3			33.9			49.6			48.3			51.3			10.3
Income before income taxes	38.8			23.1			29.4			18.2			32.4			31.6			34.7			(5.5		)
Income taxes	19.0			7.6			7.1			12.6			13.2			15.0			12.7			(10.8		)
Net Income	19.8			15.5			22.3			5.6			19.2			16.6			22.1			5.2

⁽¹⁾The fourth quarter of 2011 reflects a $4.6 million decrease to income taxes to correct a deferred tax valuation allowance related to periods prior to 2009.