...August 4, 2023 FirstEnergy (FE) experienced lower load due to unfavorable weather, but the company has partially mitigated this financial impact by implementing its FE Forward plan to manage costs through the first two quarters of 2023. Furthermore, management reiterated its earnings expectations for the year and anticipates further use of its FE Forward cost plan to get there. As such, our base case remains largely unchanged. While we do not anticipate FE to achieve funds from operations (FFO) to debt greater than 12% by year end, we continue to expect FFO to debt will improve to 12% and above in 2024 and beyond. We expect the company will likely deploy anticipated sales proceeds from its minority interest sale in FirstEnergy Transmission LLC in a credit supportive manner and effectively manage its regulatory risk on numerous key regulatory proceedings that are still pending. Update On The Deferred Prosecution Agreement (DPA): Management reported that they gave the second of three updates...