第一能源 2024年度报告

FORM10-K(Mark One)☑ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the FISCAL YEAR endedDecember 31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ CommissionRegistrant; State of Incorporation;I.R.S. EmployerFile NumberAddress; and Telephone NumberIdentification No. FIRSTENERGY CORP(AnOhioCorporation)76 South Main StreetAkronOH44308Telephone(800)736-3402 333-21011 34-1843785 SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Title of Each ClassTrading SymbolName of Each Exchange on Which RegisteredCommon Stock, $0.10 par value per shareFENew York Stock Exchange SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None. Yes☐No☑ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section 15(d) of the Act. Yes☐No☑ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has beensubject to such filing requirements for the past 90days. Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant wasrequired to submit such files). Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and"emerging growth company" in Rule12b-2 of the Exchange Act. Large Accelerated Filer☑Accelerated Filer☐Non-accelerated Filer☐Smaller Reporting Company☐Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.☑ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price atwhich the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of theregistrant’s most recently completed second fiscal quarter. $22,003,636,801as of June30, 2024 Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date: AS OF JANUARY 31, 2025 CLASS 576,697,425 Common Stock, $0.10 par value Documents Incorporated By Reference DOCUMENT Part III TABLE OF CONTENTS Glossary of Terms Part I Item1. Business The CompaniesCapital RequirementsSupply PlanSystem DemandRegional ReliabilityCompetitionSeasonalityHuman CapitalInformation About Our Executive OfficersFirstEnergy Website and Other Social Media Sites and Applications Item1A. Risk FactorsItem1B. Unresolved Staff CommentsItem1C. CybersecurityItem2. PropertiesItem3. Legal ProceedingsItem4. Mine Safety Disclosures Part II Item6. [Reserved] Item7. Management’s Discussion and Analysis of Financial Condition and Results of Operations Item7A. Quantitative and Qualitative Disclosures About Market Risk Item8. Financial Statements and Supplementary DataReport of Independent Registered Public Accounting Firm Financial StatementsConsolidated Statements of IncomeConsolidated Statements of Comprehensive IncomeConsolidated Balance SheetsConsolidated Statements of Stockholders' EquityConsolidated Statements of Cash Flows Notes to Consolidated Financial Statements Item9A. Controls and Procedures Item9B. Other Information Item9C. Disclosure Regarding Foreign Jurisdi