We know what we did. In 1990, he joined the Governmental Affairs Department and was named manager of Federal Governmental Affairs in 1997. As a result, what we told you in April has [borne-out] through this quarter.While weather adjusted load dropped by almost 4% system-wide compared to the second quarter of 2019, the increase in residential revenues related to the stay-at-home orders in our service territory more than offset the decreases in the commercial and industrial sectors. The process of winding all that down went all the way to the date where they emerged from bankruptcy and even beyond that. Thanks for at least getting a few questions on the quarter. And we only have a few open matters at this time. Yet nearly all of the money used to fund the scheme, authorities said, came from the corporation itself.Critics say the bailout bill, known as HB6, helped smooth the way for FirstEnergy to officially shift ownership of the nuclear plants and two coal-burning power plants to its creditors in federal bankruptcy court in February.
Thank you. But federal authorities say FirstEnergy bankrolled a $60 million bribery scheme aimed at getting the bailout approved in the Ohio Legislature. Our liquidity remains strong at $3.5 billion, with our credit facilities in place through December 2022.In light of the current investigation, I want you to know that we are currently compliant with all covenants and can make the necessary representations and warranties as required under our credit facilities to borrow money.In regard to our financing plan, our debt maturities are minimal through 2021 with only $74 million expiring next year, and our new money requirements are very manageable with only two transactions remaining in 2018 totaling $250 million in only four transactions in 2021, totaling $575 million.With that, I'd like to turn the call back over to Chuck for some closing comments before we begin Q&A.Thanks, John.
So, there's things like that that are included that are necessary adjustments in order to meet the statutory test.Thank you.
Charles E. Jones Chief Executive Officer Member, Board of Directors FirstEnergy Corp. Chuck Jones is chief executive officer of FirstEnergy. He advanced to assistant controller, FES and FirstEnergy Generation in 2012, and was named controller and treasurer for FES in 2017.
While I don't think anyone is in a position to predict what the future might bring in terms of continued reopening, or re-closing of the economy, we're taking conservative view of what the next few months might bring.Nevertheless, we remained very positive that we are well-positioned to continue managing the impact of the pandemic, and the economic slowdown, and we believe our distribution and transmission investments will continue to provide stable and predictable earnings. He was named to his current position in May 2020.
Charles Martin Jones was an American animated filmmaker and cartoonist, best known for his work with Warner Bros. Cartoons on the Looney Tunes and Merrie Melodies shorts. I don't know who it was, but it was not me and I've never made a payment directly to a lobbyist in my life nor asked any lobbyists to make a payment to anyone else on behalf of our company in my life.Thank you. And then, just in general, I mean, [82] pages of lots of information is put out there and obviously some of it is associated with the individuals that are arrested, I can see some sort of issue with. Yeboah-Amankwah advanced to vice president, State and Federal Regulatory Legal Affairs in January 2017. You are currently using a browser and/or operating system we do not support. A lot of money was spent on both sides of this issue, particularly after House Bill 6 was passed and it got into the referendum process, the process of gathering signatures, the media ads, there was a lot of money spent on both sides and 501C4s were used on both sides.One last quick question, Chuck, just are you going to do – is the Board going to do some kind of like independent review of all this as part of the response? Our next question is coming from Paul Fremont of Mizuho. We strive to apply these standards in all business dealings, including our participation in the political process.As you know, we have supported keeping Ohio's two nuclear plants in operation. We're starting to see residential come down slightly. In 2001, he was named president of the Northern Region for Jersey Central Power & Light, and in 2005, he was named regional president of Ohio Edison. I used to tear transistor radios apart because I couldn�t afford to buy a new one,� he said.A change in his eyesight after two years at the academy ended his hopes of becoming a Navy pilot. Jones was named president of FirstEnergy’s Northern Region in 1997, vice president of Regional Operations in 2001, senior vice president of Energy Delivery and Customer Service in 2003, and president of FirstEnergy Solutions in 2007. Knowing that he would have to pay for college, he began at age 14 to write a letter every few months seeking an appointment to a military academy, targeting his congressman at the time, John Seiberling.He included copies of his report cards and newspaper clippings, among them a story on his participation in the Beacon Journal�s Spelling Bee (he missed the word �deluge�).He never heard back until his junior year, when he was called to Seiberling�s office to meet with a review team. They put in place an independent board, and from November 16, I've had no input into any of the decisions they've made. We created corporate separation for a reason.
We're looking forward to sharing that with the Department of Justice. Just really, quickly, first on Q3 guidance, any comment on what you're assuming in terms of COVID impacts clearly things in Q2 tend to be trending better than where you are at least the Q1 call?Hi Durgesh.
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