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CTRCT 00001

Question: FirstEnergy Solutions has flexibility to deliver 2012 emission allowances no later than July 31, 2012. Does that mean that the allowances can be transferred at any time between the signing of the Sales Agreement and July 31, 2012?

Answer: On November 9, 2011, FirstEnergy Solutions announced that vintage 2012 SO2 and NOx allowances will be delivered no later than January 13, 2012. This is a change from the date of July 31, 2012 previously indicated in the Sales Agreement and in the Bidder Information Sessions. The Sales Agreement has been revised to reflect the new date. The allowances can be transferred at any time between the signing of the Sales Agreement and January 13, 2012.

CTRCT 00002

Question: Are the terms of the Sales Agreement negotiable?

Answer: No, the terms of the Sales Agreement are not negotiable.

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The information presented and distributed in the Frequently Asked Questions (FAQs) may be subject to modifications and/or amendments and is provided for informational purposes only. The information provided in the course of the Auction, or on the Auction Information Website, has been prepared to assist bidders in evaluating the Auction. It does not purport to contain all the information that may be relevant to a bidder in satisfying its due diligence efforts. Neither FirstEnergy Solutions nor the Auction Manager make any representation or warranty, expressed or implied, as to the accuracy or completeness of the information, and shall not, either individually or as a corporation, be liable for any representation expressed or implied in the Auction or any omissions from the Auction, or any information provided to a bidder by any other source. A bidder should check the Auction Information Website frequently to ensure it has the latest documentation and information. Neither FirstEnergy Solutions, nor the Auction Manager, nor any of their representatives, shall be liable to a bidder or any of its representatives for any consequences relating to or arising from the bidder’s use of outdated information. The information is not intended to form any part of the basis of any investment decision, valuation or any bid that may be submitted during the Auction process. Each recipient should not rely solely on this information and should make its own independent assessment of the potential value of the CSAPR emission allowances in the Auction after making all investigations it deems necessary.

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