FirstEnergy (ticker: FE, exchange: New York Stock Exchange (.N))
News Release -
FirstEnergy Corp. Promotes Daniel V. Steen To Vice President
Mar 02, 2005 /PRNewswire-FirstCall via COMTEX/ -- FirstEnergy Corp. (NYSE: FE) announced
that Daniel V. Steen, formerly director, Environmental, has been promoted to
vice president, Environmental, effective March 6, reporting to Executive Vice
President and Chief Operating Officer Richard R. Grigg.
"Dan is a well-respected expert in utility environmental matters," said
Mr. Grigg. "His promotion underscores both to the industry and within our
company the increasing importance we place on environmental stewardship in all
aspects of our operations."
Mr. Steen is responsible for developing environmental protection
strategies that comply with laws and regulations pertaining to all of the
company's facilities in Ohio, Pennsylvania and New Jersey. He also plays a
key advising role regarding the operation and maintenance of environmental
systems throughout the company.
Mr. Steen began his career as a co-op engineer at Ohio Edison Company in
1966, which merged with Centerior Corporation in 1997 to form FirstEnergy. He
has held a variety of engineering and management positions, including
substation design, transmission and power supply planning, and power plant
operations. Mr. Steen was promoted to director of the Environmental
Department in 1997.
A Registered Professional Engineer in Ohio, Mr. Steen earned his bachelor
of science degree in electrical engineering and a law degree from The
University of Akron. He also is a graduate of Pennsylvania State University's
Advanced School of Power Systems Engineering, and attended the Program for
Executive Development at Northwestern University's Graduate School of
Mr. Steen serves on the Board of the Pennsylvania Resources Council, and
is a member of the environmental committees of several key industry groups,
including the Electric Power Research Institute, the Edison Electric
Institute, and the Electric Power Generation Association. He is a member of
the Pennsylvania Energy Advisory Board. Mr. Steen also is a member of the
Board of Trustees for the Boys and Girls Club of Summit County, Ohio.
He and his wife, Connie, reside in Munroe Falls, Ohio. They have two
children and four grandchildren.
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
4.4 million customers served within a 36,100-square-mile area of Ohio,
Pennsylvania and New Jersey.
Forward-Looking Statement: 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
typically contain, but are not limited to, the terms "anticipate,"
"potential," "expect," "believe," "estimate" and similar words. Actual results
may differ materially due to the speed and nature of increased competition and
deregulation in the electric utility industry, economic or weather conditions
affecting future sales and margins, changes in markets for energy services,
changing energy and commodity market prices, replacement power costs being
higher than anticipated or inadequately hedged, maintenance costs being higher
than anticipated, legislative and regulatory changes (including revised
environmental requirements), adverse regulatory or legal decisions and
outcomes (including revocation of necessary licenses or operating permits,
fines or other enforcement actions and remedies) of government investigations,
including by the Securities and Exchange Commission, the United States
Attorney's Office and the Nuclear Regulatory Commission as disclosed in our
Securities and Exchange Commission filings, generally, and with respect to the
Davis-Besse Nuclear Power Station outage in particular, the availability and
cost of capital, the continuing availability and operation of generating
units, our inability to accomplish or realize anticipated benefits from
strategic goals, our ability to improve electric commodity margins and to
experience growth in the distribution business, our ability to access the
public securities and other capital markets, further investigation into the
causes of the August 14, 2003 regional power outage and the outcome, cost and
other effects of present and potential legal and administrative proceedings
and claims related to the outage, the final outcome in the proceeding related
to FirstEnergy's Application for a Rate Stabilization Plan in Ohio, the risks
and other factors discussed from time to time in our Securities and Exchange
Commission filings, and other similar factors. We expressly disclaim any
current intention to update any forward-looking statements contained herein as
a result of new information, future events, or otherwise.
SOURCE FirstEnergy Corp.
David C. Poeppelmeier of FirstEnergy Corp., +1-330-384-5813