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40	40	== Q1 2023 Highlights ==
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42		-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.
	42	+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. Diluted earnings per share of the company during this quarter is $0.51 million as compared to $0.50 million for the same quarter a year earlier.
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44	44	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.
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52	52	== Annual Performance Highlights ==
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54		-During the year 2022, the company has generated a total revenue of $12,459 million as compared to $11,132 million a year earlier, an increase of $1,327 million. Total operating income of the company has been $1,910 million as compared to $1,726 million, an increase of $184 million over the year. Net income attributable to FE in 2022 is $406 million compared to $1,283 million a year earlier, a decrease of $877 million. Of the total loss, $337 million is from the regulated distribution segment, $47 million is from regulated transmission segment and $499 million is from corporate/other and reconciling adjustments.
	54	+During the year 2022, the company has generated a total revenue of $12,459 million as compared to $11,132 million a year earlier, an increase of $1,327 million. Total operating income of the company has been $1,910 million as compared to $1,726 million, an increase of $184 million over the year. Net income attributable to FE in 2022 is $406 million compared to $1,283 million a year earlier, a decrease of $877 million. Of the total loss, $337 million is from the regulated distribution segment, $47 million is from regulated transmission segment and $499 million is from corporate/other and reconciling adjustments. Diluted earnings per share of the company during 2022 is $0.71, which was $2.35 and $1.99 during the years 2021 and 2020, respectively.
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56	56	Regulated Distribution's net income decreased $331 million in 2022, as compared to 2021, primarily resulting from higher other operating expenses, customer rate credits associated with the PUCO-approved Ohio Stipulation, change in pension and OPEB mark-to-market adjustments, and higher pension and OPEB expenses, partially offset by higher weather-related usage, rider revenues from capital investment programs, as well as the absence of a $27 million refund for previously collected decoupling revenues in Ohio, with interest.
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