Changes for page FirstEnergy Corp
Last modified by Md. Touhidul Islam on 2023/05/21 03:44
edited by Md. Touhidul Islam
on 2023/05/21 02:07
on 2023/05/21 02:07
edited by Md. Touhidul Islam
on 2023/05/21 02:08
on 2023/05/21 02:08
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... ... @@ -35,6 +35,7 @@ 35 35 36 36 For the first three months ended on March 31, 2023, the company has reported total revenue of $3,231 million, of which $2,826 million is from the regulated distribution segment and $461 million is from the regulated transmission segment. The revenue for the same quarter a year earlier was $2,989 million, of which $2,589 million was from the distribution segment and $453 million is from the other segment. Both quarters had some corporate and other reconciling adjustments. Revenue has increased by $242 million over this period. Operating profit during the first quarter of 2023 is $551 million as compared to $559 million during the same period a year earlier, a decrease of $8 million over the periods. Earnings attributable to FirstEnergy is $292 million and $288 million for the periods, respectively - an increase of $4 million. 37 37 38 +The $237 increase in total revenue of the company has resulted mainly from $258 million increase in total generation sales, $18 million decrease in distribution services revenue and $3 million decrease in other revenues. Regulated Distribution’s earnings attributable to FE decreased $29 million in the first three months of 2023, as compared to the same period of 2022, primarily resulting from lower weather-related customer usage, higher pension and OPEB expenses, and higher interest expense, partially offset by higher revenues from capital investment programs, higher weather-adjusted customer usage and demands and lower other operating expenses. 38 38 39 39 == Annual Performance Highlights == 40 40