FirstEnergy Solutions to Give $1 Million to Ohio Residents, Businesses and Schools Through its Thanks a Million Giveaway
New PriceControl Offer on Electric Generation Helps Ohioans Avoid Future Price Increases
Aug 31, 2012, 11:30 ET
AKRON, Ohio, Aug. 31, 2012 /PRNewswire/ -- Residents and businesses throughout Ohio now have the opportunity to win cash prizes and secure a low electric generation price for four or seven years through FirstEnergy Solutions' Thanks a Million giveaway. Eight residential winners will receive $25,000 each and FirstEnergy Solutions will give $50,000 to each winner's local school district to use for an under-funded program, supplies or however they see fit. In addition, eight Ohio businesses will win $50,000 a piece. From now until October 31, 2012, every eligible Ohio resident or business that enrolls in an electric generation offer will automatically be entered into the giveaway.
"As an Ohio-based company, FirstEnergy Solutions is committed to helping Ohio's residents and businesses through this sluggish economy, which is why we created our Thanks a Million giveaway," said Donald Schneider, President of FirstEnergy Solutions. "It's a good boost to our economy and it directly benefits eight Ohio school districts with much-needed funding."
FirstEnergy Solutions is also making long-term fixed price offers available to residents and businesses interested in locking in an electric generation price for seven or four years.
"Our PriceControl offers are a great opportunity for residents and businesses to take advantage of today's historically low prices in the energy market," said Schneider. "However, the conditions that are creating these prices are not sustainable. A number of factors, such as environmental compliance costs and plant retirements, point to significantly increased prices in just a few years. By enrolling in a stable PriceControl offer and locking in a low fixed price for four or seven years, customers could potentially see considerable savings over the long term."
Ohio residents and businesses can sign up to receive 6.99 cents per kilowatt-hour (kWh) on electric generation until 2019, or 6.49 cents per kWh until 2016. To enroll or for more information, residents can call 1-855-849-2645 or go online to www.ThanksaMillionOhio.com.
No purchase necessary to play or win. Purchase will not improve chances. Void where prohibited. Game begins August 1, 2012 and ends October 31, 2012. Odds dependent upon number of eligible entries received. Official Rules are available at www.ThanksaMillionOhio.com.
FirstEnergy Solutions, a subsidiary of FirstEnergy Corp. (NYSE: FE), is one of the nation's largest providers of competitive electric generation supply, serving approximately two million customers in Ohio, Pennsylvania, New Jersey, Maryland, Michigan and Illinois.
FirstEnergy is a diversified energy company dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies comprise one of the nation's largest investor-owned electric systems. Its diverse generating fleet features non-emitting nuclear, scrubbed baseload coal, natural gas, and pumped-storage hydro and other renewables, and has a total generating capacity of nearly 23,000 megawatts.
SOURCE FirstEnergy Corp.
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