AKRON, Ohio, Aug 13, 2009 /PRNewswire-FirstCall via COMTEX/ -- FirstEnergy Nuclear Operating Company (FENOC), a subsidiary of FirstEnergy Corp. (NYSE: FE), today announced management changes that will further enhance the company's fleet approach and provide expanded roles and responsibilities for key executives.
Effective September 28, 2009, Peter Sena, vice president of the Beaver Valley Nuclear Power Station in Shippingport, Pennsylvania, will become vice president of FENOC Operations, a newly created position that will add depth to the fleet operations and management function. Paul Harden, vice president of FENOC Nuclear Support, will become vice president of Beaver Valley, succeeding Sena, and Don Moul, director of engineering at the Davis-Besse Nuclear Power Station in Oak Harbor, Ohio, will become vice president of FENOC Nuclear Support.
"These leaders, with some 65 years of experience in the nuclear power industry, have fostered a team approach to enhance safe and reliable operations in their respective areas," said Joe Hagan, president of FENOC and Chief Nuclear Officer. "I am confident they will bring the same level of commitment and drive to their new positions, and will support FENOC's efforts to achieve top industry performance in all areas."
Joining FENOC in 1997, Sena has held numerous management positions in Beaver Valley's Operations and Engineering departments, including director of Engineering and director of Site Operations, and was named to his current position in 2007. Previously, he worked as Nuclear Regulatory Commission resident inspector at Beaver Valley. Sena earned a bachelor of science degree from Pennsylvania State University. In his new role, he will oversee operations of the company's three nuclear power plants, reporting to James Lash, senior vice president of Operations.
Prior to joining FENOC in 2008, Harden was vice president of Projects and Engineering for the Nuclear Management Company in Wisconsin. He has held various positions in Operations and Engineering within the nuclear industry, including site vice president of the Palisades Nuclear Power Plant in Michigan. He also worked at Consumers Energy, where he oversaw the effort to improve performance of Kawaunee Nuclear Power Plant in Wisconsin. Harden earned a bachelor of science degree in Nuclear Engineering from the University of Cincinnati and a master of business administration from the University of Notre Dame. He will be responsible for plant operations at Beaver Valley, reporting to Sena.
Moul joined FENOC in 2004 and has held several management positions in Operations, Work Management and Engineering at Davis-Besse, Beaver Valley and the D.C. Cook Nuclear Plant in Michigan. He earned a bachelor of science degree in Nuclear Engineering from Pennsylvania State University and a master of business administration from the University of Notre Dame. Moul will be responsible for development and implementation of standardized policies and procedures for FENOC's fleet, reporting to Lash.
FirstEnergy is a diversified energy company headquartered in Akron, Ohio. Its subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, as well as energy management and other energy-related services. Its seven electric utility operating companies comprise the nation's fifth largest investor-owned electric system, based on 4.5 million customers served within a 36,100-square-mile area of Ohio, Pennsylvania and New Jersey; and its generation subsidiaries control more than 14,000 megawatts of capacity.
Forward-Looking Statements: This news release includes forward-looking statements based on information currently available to management. Such statements are subject to certain risks and uncertainties. These statements include declarations regarding our management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "believe," "estimate" and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results may differ materially due to the speed and nature of increased competition in the electric utility industry and legislative and regulatory changes affecting how generation rates will be determined following the expiration of existing rate plans in Pennsylvania, the impact of the PUCO's regulatory process on the Ohio Companies associated with the distribution rate case, economic or weather conditions affecting future sales and margins, changes in markets for energy services, changing energy and commodity market prices and availability, replacement power costs being higher than anticipated or inadequately hedged, the continued ability of FirstEnergy's regulated utilities to collect transition and other charges or to recover increased transmission costs, maintenance costs being higher than anticipated, other legislative and regulatory changes, revised environmental requirements, including possible greenhouse gas emission regulations, the potential impacts of the U.S. Court of Appeals' July 11, 2008 decision requiring revisions to the CAIR rules and the scope of any laws, rules or regulations that may ultimately take their place, the uncertainty of the timing and amounts of the capital expenditures needed to, among other things, implement the AQC Plan (including that such amounts could be higher than anticipated or that certain generating units may need to be shut down) or levels of emission reductions related to the Consent Decree resolving the NSR litigation or other potential regulatory initiatives, adverse regulatory or legal decisions and outcomes (including, but not limited to, the revocation of necessary licenses or operating permits and oversight) by the NRC, Met-Ed's and Penelec's transmission service charge filings with the PPUC, the continuing availability of generating units and their ability to operate at or near full capacity, the ability to comply with applicable state and federal reliability standards, the ability to accomplish or realize anticipated benefits from strategic goals (including employee workforce initiatives), the ability to improve electric commodity margins and to experience growth in the distribution business, the changing market conditions that could affect the value of assets held in FirstEnergy's nuclear decommissioning trusts, pension trusts and other trust funds, and cause it to make additional contributions sooner, or in an amount that is larger than currently anticipated, the ability to access the public securities and other capital and credit markets in accordance with FirstEnergy's financing plan and the cost of such capital, changes in general economic conditions affecting the company, the state of the capital and credit markets affecting the company, interest rates and any actions taken by credit rating agencies that could negatively affect FirstEnergy's access to financing or its costs and increase its requirements to post additional collateral to support outstanding commodity positions, letters of credit and other financial guarantees, the continuing decline of the national and regional economy and its impact on FirstEnergy's major industrial and commercial customers, issues concerning the soundness of financial institutions and counterparties with which FirstEnergy does business, and the risks and other factors discussed from time to time in its SEC filings, and other similar factors. The foregoing review of factors should not be construed as exhaustive. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on its business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements. FirstEnergy expressly disclaims any current intention to update any forward-looking statements contained herein as a result of new information, future events, or otherwise.
SOURCE FirstEnergy Corp.
