You walk into your office and notice a filing cabinet in the corner labeled "Annual Reports." Wondering what these reports are, you decide to flip through the filing cabinet. Enviro Consulting appears to keep a copy of all Annual Reports of companies that they have worked with in the past. These reports provide very helpful background information on the companies. It seems that companies create these reports to present financial and organizational information to their stockholders. You find Energy One's report and decide to read through it.

Energy One's Annual Report is provided below

ENERGY ONE:
ANNUAL REPORT

OVERVIEW

Energy One was first established in 1934. Our company is headquartered in Akron, Ohio. We provide electricity to over 2.2 million customers in Ohio and Pennsylvania. We produced almost 70 million megawatt hours of energy this past year.

Vision
To be a leader in the energy market and our customers' first choice for their energy needs.

Mission
To provide affordable, high-quality services to our customers.

FINANCES

Last year, our total revenue was over $7 billion and our net income was almost $6 million. This was compared to $5.5 million the year before.

Energy One's stock is listed on the New York Stock exchange. Over the year, our stock price ranged from 32.3 to 18.00 as compared to the previous year when it ranged from 33.0 to 28.00.

Plant Improvements
Last year, we spent $10 million to repair a unit at our Sammis Plant. We replaced the air heaters and repaired the coal pulverizers. In order to make these improvements, we had to shut the unit down for a month. We have seen an increase in production at the Sammis plant since these changes were implemented.

Competition
In January 2001, Ohio moved to allow competition in the electricity market. This gives our customers more choices in selecting their energy provider. We are ready to face this challenge by proving to be our customers' first choice because of our high-quality services at affordable prices.

ORGANIZATION

As the CEO of the company, Amin Chargg, has led Energy One since 1990. Reporting to her are Eric Cohen, VP of Sales, Lotsa Cash, Director of Finance, and Ikan Makestuf, Head of Production.

Energy One has almost 14,000 employees working at one of our 26 locations. Our company is shaped by the strength of our employees. In appreciation of all their hard work, we offer great benefits including comprehensive health care plan and stock options.

We are proud of our safety records. Our Occupational Safety and Health Administration (OSHA) incident rate of 2/100 employees makes us one of the leaders in industry safey.

COMMITMENT TO THE ENVIROMENT

We have invested $1.5 billion in new environmental technologies over the last 10 years. As a result, we have reduced emissions of nitrogen oxides by 60% and sulfur dioxide by 57% across all our plants.

Despite these reductions, the Environmental Protection Agency has filed legal action against one of our plants located in Sammis, Ohio, right near our headquarters in Akron. Their claim is that routine maintenance, repairs, and replacements cause us to follow stricter emission requirements under the Clean Air Act. Penalties of up to $25,000 per day of violation could be imposed if the plant is found not to be in compliance. We believe our plant is not in violation of the Act and that these allegations are false.