FirstEnergy U5S for the Year Ending 12/31/2004

SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549




FORM U5S





ANNUAL REPORT
For the Year Ended December 31, 2004







Filed pursuant to the Public Utility Holding Company Act of 1935


by


FirstEnergy Corp. (File No. 333-21011)
76 South Main Street, Akron, Ohio 44308

 

 







FIRSTENERGY CORP.
FORM U5S
ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2004
 
TABLE OF CONTENTS


Item
No.
 
 
Title
  
 
Page
         
1.
  
System Companies and Investments Therein
  
1-18
         
2.
  
Acquisitions or Sales of Utility Assets
  
19
         
3.
  
Issue, Sale, Pledge, Guarantee or Assumption
    
   
of System Securities
  
20
         
4.
  
Acquisition, Redemption or Retirement of
    
   
System Securities
  
21-31
         
5.
  
Investments in Securities of Nonsystem Companies
  
32
         
6.
  
Officers and Directors
  
33-46
         
7.
  
Contributions and Public Relations
  
47
         
8.
  
Service, Sales and Construction Contracts
  
48
         
9.
  
Wholesale Generators and Foreign Utility Companies
 
49-52
         
10.
  
Financial Statements and Exhibits:
  
53
         
   
Consent of Independent Public Accountants
  
54
         
   
Consolidating Financial Statements of
    
   
FirstEnergy Corp. for 2004  
  
55-89
         
   
Exhibits
  
90-133
         
   
Signature Page
 
134







ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004

       
Number of
 
 
 
  
 
(In Thousands Dollar)
  
 
Name of Company
  
 
Business Type
  
Common Shares Owned
  
% of
 Voting Power
  
Issuer Book Value
  
Owner’s Book Value
  
                       
FirstEnergy Corp. (FirstEnergy):
 
   Registered holding 
   company
                  
Unsecured notes (11)
                      
4,515,000
    
4,515,000
  
Money pool (13)
                      
922,031
    
922,031
  
                                 
American Transmission Systems, Incorporated (ATSI)
   
Electric utility company
    
1
    
100.00
%
  
295,420
    
295,420
  
Money pool (13)
                      
97,965
    
97,965
  
                                 
Centerior Service Company*
   
Inactive
    
750
    
100.00
%
            
                                 
FE Acquisition Corp.*
   
Inactive
    
65
    
100.00
%
            
Mid-Atlantic Energy Development Co.*
   
Inactive
    
1,900
    
100.00
%
            
                                 
FE Holdings, L.L.C.* (6)
    
Inactive
          
100.00
%
            
                                 
FELHC, Inc. (FELHC)
   
Exempt telecommunications Company (ETC)
  
1
    
100.00
%
  
32
    
32
  
Money pool (13)
                      
44
    
44
  
                                 
First Communications, LLC (6)
    
ETC
          
65.00
%
  
8,629
    
8,629
  
Unsecured notes (11)
                      
5,000
    
5,000
  
                                 
FirstEnergy Facilities Services Group, LLC (FEFSG) (6)
   
Nonutility holding company
    
66
    
100.00
%
  
90,753
    
90,753
  
Secured notes (11)
                      
7,340
    
7,340
  
Short-term debt (12)
                      
3,482
    
3,482
  
Money pool (13)
                      
(8,877
)
  
(8,877
)
Dunbar Mechanical, Inc.
   
Rule 58 energy-related
    
277
    
100.00
%
  
***
    
***
  
Edwards Electrical & Mechanical, Inc.
   
Rule 58 energy-related
    
435
    
100.00
%
  
***
    
***
  
Elliott-Lewis Corporation
   
Rule 58 energy-related
    
100
    
100.00
%
  
***
    
***
  
A.A. Duckett, Inc.
   
Rule 58 energy-related
    
1,000
    
100.00
%
  
***
    
***
  
Duckett Plumbing, LLC (6)
    
Rule 58 energy-related
          
90.00
%
            
E-L Enterprises, Inc.
   
Nonutility holding company
    
1,000
    
100.00
%
            
Modern Air Conditioning, Inc.
   
Rule 58 energy-related
    
49,950
    
100.00
%
  
***
    
***
  
Airdex Air Conditioning Corporation
    
Rule 58 energy-related
    
100
    
100.00
%
  
***
    
***
  
R.L. Anderson, Inc.
    
Rule 58 energy-related
    
9,800
    
100.00
%
  
***
    
***
  
Sautter Crane Rental, Inc.
    
Rule 58 energy-related
    
100
    
100.00
%
            
L.H. Cranston and Sons, Inc.
    
Rule 58 energy-related
    
1,000
    
100.00
%
  
***
    
***
  
Roth Bros., Inc.
    
Rule 58 energy-related
    
792
    
100.00
%
  
***
    
***
  
R.P.C. Mechanical, Inc.
    
Rule 58 energy-related
    
100
    
100.00
%
  
***
    
***
  
Spectrum Controls Systems, Inc.
    
Rule 58 energy-related
    
35
    
100.00
%
  
***
    
***
  
The Hattenbach Company
   
Rule 58 energy-related
    
531
    
100.00
%
  
***
    
***
  

1

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

       
Number of
 
 
 
  
 
(In Thousands Dollar)
  
 
Name of Company
  
 
Business Type
  
Common Shares Owned
  
% of
Voting Power
  
Issuer Book Value
  
Owner’s Book Value
  
FirstEnergy Foundation
    
Charitable foundation
          
100.00
%
            
                                 
FirstEnergy Nuclear Operating Company (FENOC)
    
Energy-related company
    
1
    
100.00
%
  
(11,200
)
  
(11,200
)
Money pool (13)
                      
(58,559
)
  
(58,559
)
                                 
FirstEnergy Properties, Inc. (FE Properties)
   
Real estate subsidiary
    
400
    
100.00
%
  
33,037
    
33,037
  
Secured notes (11)
                      
9,182
    
9,182
  
Money pool (13)
                      
24,438
    
24,438
  
BSG Properties, Inc.*
    
Real estate subsidiary
    
10
    
100.00
%
            
                                 
FirstEnergy Securities Transfer Company (FirstEnergy Transfer)
    
Stock transfer service
    
1
    
100.00
%
            
     
 
                          
FirstEnergy Service Company (FECO)
   
Service company
    
1
    
100.00
%
  
4,624
    
4,624
  
                                 
FirstEnergy Solutions Corp. (FES)
   
Rule 58 energy-related
    
8
    
100.00
%
  
170,247
    
170,247
  
Money pool (13)
                      
(245,215
)
  
(245,215
)
FirstEnergy Engineering, Incorporated
   
Rule 58 energy-related
    
100
    
100.00
%
  
***
    
***
  
FirstEnergy Generation Corp. (GenCo)
   
Exempt wholesale generator
   
1
    
100.00
%
  
***
    
***
  
Pollution control notes (11)
                      
15,000
    
15,000
  
Money pool (13)
                      
(706,545
)
  
(706,545
)
                                 
FirstEnergy Telecom Services, Inc.
    
ETC
    
100
    
100.00
%
  
(5,751
)
  
(5,751
)
Money pool (13)
                      
(26,108
)
  
(26,108
)
AFN Finance Company No. 1, LLC (6)
    
ETC
          
100.00
%
            
                                 
FirstEnergy Ventures Corp. (FirstEnergy Ventures)
   
Nonutility holding company
    
102
    
100.00
%
  
110,446
    
110,446
  
Money pool (13)
                      
17,252
    
17,252
  
Bay Shore Power Company
   
Rule 58 energy-related
    
1
    
100.00
%
  
***
    
***
  
Secured notes (11)
                      
137,500
    
137,500
  
Money pool (13)
                      
6,181
    
6,181
  
Centerior Communications Holdings, Inc.
   
Nonutility holding company
    
10
    
100.00
%
  
***
    
***
  
Fiber Venture Equity, Inc.*
   
ETC
    
10
    
100.00
%
            
AFN Finance Company No. 3, LLC (6)
    
ETC
          
100.00
%
            
Centerior Energy Services, Inc.
   
Rule 58 energy-related
    
100
    
100.00
%
  
***
    
***
  
Money pool (13)
                      
445
    
445
  
Centerior Power Enterprises, Inc.*
   
Inactive
    
10
    
100.00
%
            
Eastroc Technologies, LLC* (6)
    
Rule 58 energy-related
          
50.00
%
            
Engineered Processes, Ltd.* (6)
    
Rule 58 energy-related
          
50.00
%
            
FirstEnergy Telecommunications Corp.
   
ETC
    
1
    
100.00
%
  
***
    
***
  
Money pool (13)
                      
(1,128
)
  
(1,128
)

2

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

       
Number of
 
 
  
 
(In Thousands Dollar)
  
 
Name of Company
  
 
Business Type
  
Common
Shares Owned
  
% of
Voting Power
  
Issuer Book Value
  
Owner’s Book Value
  
Warrenton River Terminal, Ltd. (6)
    
Rule 58 energy-related
    
-
    
100.00
%
  
***
    
***
  
Secured notes (11)
                      
220
    
220
  
Money pool (13)
                      
88
    
88
  
                                 
GPU Capital, Inc. (GPU Capital)
   
Foreign utility company
    
100
    
100.00
%
  
175,400
    
175,400
  
Money pool (13)
                      
234,267
    
234,267
  
GPU Electric, Inc. (GPU Electric)
    
Foreign utility company
    
100
    
100.00
%
  
***
    
***
  
Money pool (13)
                      
166,323
    
166,323
  
EI UK Holdings, Inc. (EIUK)
    
Foreign utility company
    
100
    
100.00
%
  
***
    
***
  
Money pool (13)
                      
(65,921
)
  
(65,921
)
Aquila Sterling Holdings LLC (5) (6)
    
Foreign utility company
          
50.00
%
            
GPU Argentina Services S.R.L.
    
Foreign utility company
          
100.00
%
            
 
                                
GPU Diversified Holdings, LLC (GPUDH) (6)
    
Nonutility holding company
    
100
    
100.00
%
  
19,836
    
19,836
  
Money pool (13)
                      
1,557
    
1,557
  
Ballard Generation Systems, Inc.
                
7.41
%
  
9,262
    
9,262
  
GPU Distributed Power, Inc.
   
Rule 58 energy-related
    
100
    
100.00
%
            
GPU EnerTech Holdings, Inc.
   
Rule 58 energy-related
    
100
    
100.00
%
            
EnviroTech Investment Fund I LP (1) (6)
    
Rule 58 energy-related
          
9.89
%
  
433
    
433
  
GPU Solar, Inc.
    
Rule 58 energy-related
    
50
    
50.00
%
  
289
    
289
  
                                 
GPU Nuclear, Inc. (GPUN)
   
Service company
    
2,500
    
100.00
%
  
50
    
50
  
Money pool (13)
                      
2,123
    
2,123
  
Private Fuel Storage LLC (6)
                
10.10
%
            
                                 
GPU Power, Inc. (GPU Power)
   
Exempt wholesale generator
   
100
    
100.00
%
  
37,874
    
37,874
  
Money pool (13)
    
 
                
38,255
    
38,255
  
EI Canada Holding Limited (6)
    
Exempt wholesale generator
   
100
    
100.00
%
            
EI Brooklyn Power Limited (6)
    
Exempt wholesale generator
   
100
    
100.00
%
            
EI Brooklyn Investments Limited (6)
    
Exempt wholesale generator
   
1
    
100.00
%
            
EI Services Canada Limited (6)
    
Exempt wholesale generator
   
100
    
100.00
%
            
                                 
Jersey Central Power & Light Company (JCP&L)
   
Public utility company
    
15,371,270
    
100.00
%
  
3,155,362
    
3,155,362
  
First mortgage bonds (11)
                      
383,185
    
383,185
  
Secured notes (11)
                      
880,612
    
880,612
  
Money pool (13)
                      
(248,532
)
  
(248,532
)
JCP&L Transition Funding, LLC (6)
    
Financing subsidiaries
    
100
    
100.00
%
  
1,626
    
1,626
  
JCP&L Transition Funding II, LLC (6) (10)
    
Financing subsidiaries
          
100.00
%
            
Saxton Nuclear Experimental Corporation* (2)
    
Energy-related company
          
44.00
%
            
                                 

3

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)


       
Number of
 
 
  
 
(In Thousands Dollar)
  
 
Name of Company
  
 
Business Type
  
Common
Shares Owned
  
% of
Voting Power
  
Issuer Book Value
  
Owner’s Book Value
  
                       
MARBEL Energy Corporation (MARBEL)
   
Energy-related company
    
991
    
100.00
%
  
141,151
    
141,151
  
Money pool (13)
                      
118,602
    
118,602
  
Marbel HoldCo, Inc.
   
Nonutility holding company
    
100
    
100.00
%
  
***
    
***
  
                                 
Metropolitan Edison Company (Met-Ed)
   
Public utility company
    
859,500
    
100.00
%
  
1,285,419
    
1,285,419
  
First mortgage bonds (11)
                      
80,020
    
80,020
  
Unsecured notes (11)
                      
650,000
    
650,000
  
Money pool (13)
                      
(80,090
)
  
(80,090
)
MetEd Funding LLC (6) (14)
    
Financing subsidiaries
          
100.00
%
  
8,582
    
8,582
  
Money pool (13)
                      
5,365
    
5,365
  
Met-Ed Preferred Capital II, Inc.
   
Financing subsidiaries
    
100
    
100.00
%
  
2,562
    
2,562
  
Met-Ed Capital II, L. P. (6) (9)
    
Financing subsidiaries
    
-
    
100.00
%
            
Met-Ed Capital Trust (9)
    
Financing subsidiaries
    
-
    
100.00
%
            
Saxton Nuclear Experimental Corporation* (2)
    
Energy-related company
          
32.00
%
            
York Haven Power Company
   
Electric utility company
    
500
    
100.00
%
  
26,949
    
26,949
  
Money pool (13)
                      
13,404
    
13,404
  
                                 
MYR Group Inc. (MYR)
   
Energy-related company
    
100
    
100.00
%
  
127,434
    
127,434
  
Money pool (13)
                      
4,143
    
4,143
  
ComTel Technology, Inc.
   
Energy-related company
    
50,000
    
100.00
%
  
***
    
***
  
Great Southwestern Construction, Inc.
    
Energy-related company
    
50,000
    
100.00
%
  
***
    
***
  
Harlan Electric Company
    
Energy-related company
    
100
    
100.00
%
  
***
    
***
  
Power Piping Company
    
Energy-related company
    
9,900
    
100.00
%
  
***
    
***
  
Sturgeon Electric Company, Inc.
    
Energy-related company
    
100
    
100.00
%
  
***
    
***
  
Hawkeye Construction, Inc.
    
Energy-related company
    
550
    
100.00
%
  
***
    
***
  
MYRcom, Inc.
    
Energy-related company
    
100
    
100.00
%
  
***
    
***
  
MYRpower, Inc.
    
Energy-related company
    
100
    
100.00
%
  
***
    
***
  
The L. E. Myers Co.
    
Energy-related company
    
1,000
    
100.00
%
  
***
    
***
  
                                 
Ohio Edison Company (OE)
   
Public utility company
    
100
    
100.00
%
  
2,493,809
    
2,493,809
  
First mortgage bonds (11)
                      
80,000
    
80,000
  
   Secured notes (11)
                      
765,435
    
765,435
  
Unsecured notes (11)
                      
511,000
    
511,000
  

4

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

       
Number of
 
 
 
  
 
(In Thousands Dollar)
  
 
Name of Company
  
 
Business Type
  
Common
Shares Owned
  
% of
Voting Power
  
Issuer Book Value
  
Owner’s Book Value
  
Short-term debt (12)
                      
21,000
    
21,000
  
Money pool (13)
                      
503,029
    
503,029
  
OES Capital, Incorporated
   
Financing subsidiaries
    
200
    
100.00
%
  
28,220
    
28,220
  
Short-term debt (12)
                      
141,935
    
141,935
  
Money pool (13)
                      
16,839
    
16,839
  
OES Finance, Incorporated*
   
Financing subsidiaries
    
140
    
100.00
%
            
OES Nuclear, Incorporated
   
Financing subsidiaries
    
1
    
100.00
%
  
12,473
    
12,473
  
Money pool (13)
                      
14,843
    
14,843
  
OES Ventures, Incorporated
   
Nonutility holding company
    
110
    
100.00
%
  
14,573
    
14,573
  
Money pool (13)
                      
2,761
    
2,761
  
PNBV Capital Trust (8)
    
Financing subsidiaries
    
-
    
49.00
%
  
20,883
    
20,883
  
Ohio Edison Financing Trust (6)
    
Financing subsidiaries
    
148,454
    
100.00
%
            
Ohio Edison Financing Trust II* (6)
    
Financing subsidiaries
    
-
    
100.00
%
            
Ohio Valley Electric Corporation (OVEC) (3)
    
Public utility company
    
16,500
    
16.50
%
  
1,650
    
1,650
  
Indiana-Kentucky Electric Corporation
                                
Pennsylvania Power Company (Penn)
   
Public utility company
    
6,290,000
    
100.00
%
  
327,379
    
327,379
  
First mortgage bonds (11)
                      
21,143
    
21,143
  
Secured notes (11)
                      
112,179
    
112,179
  
Unsecured notes (11)
                      
14,500
    
14,500
  
Money pool (13)
                      
(11789
)
  
(11,789
)
Penn Power Funding LLC (6) (16)
                
100.00
%
  
1,525
    
1,525
  
Money pool (13)
                      
(63
)
  
(63
)
Apollo Tax Credit Fund III, L. P. (6)
 
    
Affordable housing
 investments
          
33.33
%
  
500
    
500
  
Apollo Tax Credit Fund IX, L. P. (6)
 
    
Affordable housing investments
          
99.99
%
  
14,000
    
14,000
  
Short-term debt (12)
                      
4,072
    
4,072
  
Boston Capital Corporate Tax Credits IV, L. P. (6)
 
    
Affordable housing investments
          
2.95
%
  
565
    
565
  
Boston Capital Corporate Tax Credits X, L. P. (6)
 
    
Affordable housing investments
          
10.93
%
  
2,104
    
2,104
  
Boston Capital Corporate Tax Credits XVI, L. P. (6)
 
    
Affordable housing investments
          
14.00
%
  
5,411
    
5,411
  
Boston Capital Corporate Tax Credits XVII, L. P. (6)
 
    
Affordable housing investments
          
10.00
%
  
4,493
    
4,493
  
Boston Financial Institutional Tax Credits III, L. P. (6)
 
    
Affordable housing investments
          
5.38
%
  
1,007
    
1,007
  
Boston Financial Institutional Tax Credits V, L. P. (6)
 
    
Affordable housing investments
          
3.24
%
  
731
    
731
  
Boston Financial Institutional Tax Credits XVI, L. P. (6)
 
    
Affordable housing investments
          
5.83
%
  
2,579
    
2,579
  
EnviroTech Investment Fund I LP (1) (6)
    
Energy-related company
          
6.00
%
  
695
    
695
  
Marion Senior Housing Limited Partnership (6)
 
    
Affordable housing investments
          
29.47
%
  
1,131
    
1,131
  
McDonald Corporate Tax Credit Fund Limited
Partnership (6)
    
Affordable housing investments
          
12.37
%
  
233
    
233
  
McDonald Corporate Tax Credit Fund - 1995 Limited Partnership (6)
    
Affordable housing investments
          
9.00
%
  
952
    
952
  
McDonald Corporate Tax Credit Fund - 1996 Limited Partnership (6)
    
Affordable housing investments
          
42.13
%
  
4,356
    
4,356
  
McDonald Corporate Tax Credit Fund - 1998 Limited Partnership (6)
    
Affordable housing investments
          
30.94
%
  
2,081
    
2,081
  
Ohio Equity Fund for Housing Limited Partnership II (6)
 
    
Affordable housing investments
          
7.62
%
  
23
    
23
  
USA Institutional Tax Credit Fund VII, L. P. (6)
 
    
Affordable housing investments
          
8.11
%
  
1,654
    
1,654
  

5

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

       
Number of
 
 
 
  
 
(In Thousands Dollar)
  
 
Name of Company
  
 
Business Type
  
Common
Shares Owned
  
% of
Voting Power
  
Issuer Book Value
  
Owner’s Book Value
  
                       
Pennsylvania Electric Company (Penelec)
   
Public utility company
    
5,290,596
    
100.00
%
  
1,305,015
    
1,305,015
  
First mortgage bonds (11)
                      
72,805
    
72,805
  
Unsecured notes (11)
                      
418,000
    
418,000
  
Money pool (13)
                      
(241,496
)
  
(241,496
)
Nineveh Water Company
    
Energy-related company
    
5
    
100.00
%
  
1,213
    
1,213
  
Penelec Funding LLC (6) (15)
    
Financing subsidiaries
          
100.00
%
  
11,407
    
11,407
  
Money pool (13)
                      
7,352
    
7,352
  
Penelec Preferred Capital II, Inc.
   
Financing subsidiaries
    
100
    
100.00
%
  
2,496
    
2,496
  
Penelec Capital II, L. P. (6) (9)
    
Financing subsidiaries
          
100.00
%
            
Penelec Capital Trust (9)
    
Financing subsidiaries
          
100.00
%
            
Saxton Nuclear Experimental Corporation* (2)
    
Energy-related company
          
24.00
%
            
The Waverly Electric Light and Power Company
   
Electric utility company
    
600
    
100.00
%
  
15
    
15
  
                                 
The Cleveland Electric Illuminating Company (CEI)
   
Public utility company
    
79,590,689
    
100.00
%
  
1,853,561
    
1,853,561
  
First mortgage bonds (11)
                      
125,000
    
125,000
  
Unsecured notes (11)
                      
698,122
    
698,122
  
Secured notes (11)
                      
1,194,728
    
1,194,728
  
Money pool (13)
                      
(472,876
)
  
(472,876
)
Centerior Funding Corporation
   
Financing subsidiaries
    
1,000
    
100.00
%
  
148,624
    
148,624
  
Money pool (13)
                      
(3,775
)
  
(3,775
)
Cleveland Electric Financing Trust I*
   
Financing subsidiaries
    
123,720
    
100.00
%
            
The Toledo Edison Capital Corporation (TECC) (4)
    
Financing subsidiaries
    
28,036
    
10.00
%
            
Shippingport Capital Trust (7)
    
Financing subsidiaries
                
31,498
    
31,498
  
                                 
The Toledo Edison Company (TE)
   
Public utility company
    
39,133,887
    
100.00
%
  
835,327
    
835,327
  
Unsecured notes (11)
                      
90,950
    
90,950
  
Secured notes (11)
                      
291,751
    
291,751
  
Money pool (13)
                      
(429,518
)
  
(429,518
)
Ohio Valley Electric Corporation (OVEC) (3)
    
Public utility company
    
4,000
    
4.00
%
  
400
    
400
  
Indiana-Kentucky Electric Corporation
                                
The Toledo Edison Capital Corporation (TECC) (4)
    
Financing subsidiaries
    
1,000
    
90.00
%
  
26,474
    
26,474
  
Money pool (13)
                      
44
    
44
  
Shippingport Capital Trust (7)
    
Financing subsidiaries
                
2,063
    
2,063
  
                                 
Akron Development Fund I, Ltd.
                
7.92
%
  
454
    
454
  
                                 
The Cleveland New Market’s Investment Fund, LLC
 
    
Housing and urban development investments
          
13.33
%
  
1,003
    
1,003
  

6

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

       
Number of
 
 
 
  
 
(In Thousands Dollar)
  
 
Name of Company
  
 
Business Type
  
Common
Shares Owned
  
% of
Voting Power
  
Issuer Book Value
  
Owner’s Book Value
  
Kinetic Ventures I, LLC (6)
    
Rule 58 energy-related
          
11.11
%
  
2,052
    
2,052
  
                                 
Kinetic Ventures II, LLC (6)
    
Rule 58 energy-related
          
14.28
%
  
5,943
    
5,943
  
                                 
Kinetic Ventures III, LLC (6)
    
Rule 58 energy-related
          
8.00
%
            
                                 
MWV Pinnacle Capital Fund, L. P.
    
Economic/urban development investment
          
6.45
%
  
440
    
440
  
                                 
Nth Power Technologies II, LLC (6)
    
Rule 58 energy-related
          
8.22
%
  
3,941
    
3,941
  
Nth Power Technologies II-A, LLC (6)
    
Rule 58 energy-related
          
5.33
%
  
1,103
    
1,103
  
                                 
Pantellos Corporation
   
ETC
          
8.21
%
  
2,460
    
2,460
  
                                 
PowerSpan Corp.
   
Rule 58 energy-related
          
25.41
%
  
7,267
    
7,267
  
                                 
UMICO Holdings, Inc. (UMICO)*
          
71,947
    
36.00
%
            
                                 
Utility.com, Inc.
    
Rule 58 energy-related
          
5.0
%
            


*    Inactive

*** Filed pursuant to request for confidential treatment.




7


ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

Note:

(1)  
GPUDH owns a 9.89% interest and OE owns a 6% interest in EnviroTech Investment Fund I LP.

(2)  
JCP&L(44%), Met-Ed(32%), Penelec(24%) collectively own all of the common stock of Saxton Nuclear Experimental Corporation.

(3)  
OE owns a 16.5% interest in OVEC and TE owns a 4% interest in OVEC.

(4)  
TE owns a 90% interest in TECC and CEI owns the rest of 10% interest.

(5)  
EI UK Holdings, Inc. owns 50% voting (20.1% economic) interest in Aquila Sterling Holding LLC.

(6)  
A noncorporate subsidiary or affiliate.

(7)  
Under the FIN 46R, "Consolidation of Variable Interest Entities," which was adopted at year-end 2003, CEI was determined to be the primary beneficiary through its debt variable interest of Shippingport Capital Trust and therefore consolidated the trust. CEI has indirect owner’s interest in Shippingport Capital Trust through a 10% voting interest in TECC, TE has a 90% interest in TECC.

(8)  
Under the FIN 46R, OE was determined to be the primary beneficiary of PNBV Capital Trust. Ownership of the trust includes a 3% equity interest by a nonaffiliated third party and a 3% equity interest held by OES Ventures, a wholly owned subsidiary of OE.

(9)  
Met-Ed and Penelec created statutory business trusts to issue trust preferred securities. FirstEnergy adopted FIN 46R as of January 1, 2004, which resulted in the holders of the preferred securities being considered the primary beneficiaries of these trusts. Therefore, FirstEnergy, Met-Ed and Penelec do not consolidate the trusts.

(10)  
A limited liability company formed under the State of Delaware on March 29, 2004. JCP&L Transition Funding II LLC purchases and sells utility customer accounts receivables of JCP&L.

(11)  
Details of Unsecured Notes, Secured Notes and First Mortgage Bonds are presented after the footnote.

(12)  
Details of Short-term Debt are presented after the footnote.

(13)  
Details of Money Pool are presented after the footnote.

(14)  
A limited liability company formed under the State of Delaware on March 17, 2004. MetEd Funding LLC purchases and sells utility customer accounts receivables of Met-Ed. MetEd Funding LLC is consolidated into Met-Ed.

8

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

Note:

(15)  
A limited liability company formed under the State of Delaware on March 17, 2004. Penelec Funding LLC purchases and sells utility customer accounts receivables of Penelec. Penelec Funding LLC is consolidated into Penelec.

(16)  
A limited liability company formed under the State of Delaware on March 17, 2004. Penn Power Funding LLC purchases and sells utility customer accounts receivables of Penn Power. Penn Power Funding LLC is consolidated into Penn Power.



Note (11) Unsecured Notes, Secured Notes, and First Mortgage Bonds

FirstEnergy Corp.
      
Unsecured notes:
      
5.500% due 2006
$
1,000,000
  
6.450% due 2011
  
1,500,000
  
7.375% due 2031
  
1,500,000
  
3.575% due 2007
  
215,000
  
7.700% due 2005
  
300,000
  
Total unsecured notes
$
4,515,000
  
       
First Communications, LLC
      
Unsecured notes
$
5,000
  
       
FirstEnergy Facilities Services Group, LLC
      
Secured notes
$
7,340
  
       
FirstEnergy Properties, Inc.
      
Secured notes:
      
7.890% due 2006
$
9,182
  
       
FirstEnergy Generation, Corp.
      
Pollution Control Notes:
      
5.000% due 2028
$
15,000
  
       
Bay Shore Power Company
      
Secured notes:
      
5.875% due 2020
  
69,900
  
6.625% due 2020
  
67,600
  
 
$
137,500
  


9

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

Note (11) (Continued)

Warrenton River Terminal, Ltd.
      
Secured notes
$
220
  
       
Jersey Central Power & Light Company
      
First mortgage bonds:
      
6.850% due 2006
$
40,000
  
7.125% due 2009
  
5,985
  
7.100% due 2015
  
12,200
  
7.500% due 2023
  
125,000
  
8.450% due 2025
  
50,000
  
6.750% due 2025
  
150,000
  
Total first mortgage bonds
$
383,185
  
       
Secured notes:
      
6.450% due 2006
$
150,000
  
4.190% due 2007
  
51,723
  
5.390% due 2010
  
52,297
  
5.810% due 2013
  
77,075
  
5.625% due 2016
  
300,000
  
6.160% due 2017
  
99,517
  
4.800% due 2018
  
150,000
  
Total secured notes
$
880,612
  
       
Metropolitan Edison Company
      
First mortgage bonds:
      
6.770% due 2005
$
30,000
  
6.000% due 2008
  
7,830
  
6.100% due 2021
  
28,500
  
5.950% due 2027
  
13,690
  
Total first mortgage bonds
$
80,020
  
       
Unsecured notes:
      
5.720% due 2006
$
100,000
  
5.930% due 2007
  
50,000
  
4.450% due 2010
  
100,000
  
4.950% due 2013
  
150,000
  
4.875% due 2014
  
250,000
  
Total unsecured notes
$
650,000
  
       

10

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

Note (11) (Continued)

Ohio Edison Company-
    
First mortgage bonds:
    
6.875% due 2005
$
80,000
  
Total first mortgage bonds
$
80,000
  
       
Secured notes:
      
7.680% due 2005
$
51,461
  
*1.700% due 2015
  
19,000
  
6.750% due 2015
  
40,000
  
*3.250% due 2015
  
50,000
  
*1.800% due 2016
  
47,725
  
7.050% due 2020
  
60,000
  
*1.700% due 2021
  
443
  
5.375% due 2028
  
13,522
  
5.625% due 2029
  
50,000
  
5.950% due 2029
  
56,212
  
*1.710% due 2030
  
60,400
  
*1.700% due 2031
  
69,500
  
*1.800% due 2033
  
44,800
  
1.750% due 2033
  
12,300
  
5.450% due 2033
  
14,800
  
*2.250% due 2033
  
50,000
  
1.800% due 2033
  
108,000
  
Limited Partnerships-
      
7.35% weighted average interest rate due 2005-2010
  
17,272
  
Total secured notes
$
765,435
  
       
Unsecured notes:
      
4.000% due 2008
$
175,000
  
*1.980% due 2014
  
50,000
  
5.450% due 2015
  
150,000
  
*2.230% due 2018
  
33,000
  
*2.150% due 2018
  
23,000
  
*2.150% due 2023
  
50,000
  
*3.350% due 2033
  
30,000
  
Total unsecured notes
$
511,000
  
       


11

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

Note (11) (Continued)

Pennsylvania Power Company
      
First mortgage bonds-
      
9.740% due 2005-2019
$
14,643
  
7.625% due 2023
  
6,500
  
Total first mortgage bonds
$
21,143
  
       
Secured notes-
      
5.400% due 2013
$
1,000
  
5.400% due 2017
  
10,600
  
*1.700% due 2017
  
17,925
  
5.900% due 2018
  
16,800
  
*1.700% due 2021
  
14,482
  
6.150% due 2023
  
12,700
  
*2.000% due 2027
  
10,300
  
5.375% due 2028
  
1,734
  
5.450% due 2028
  
6,950
  
6.000% due 2028
  
14,250
  
5.950% due 2029
  
238
  
*1.800% due 2033
  
5,200
  
Total secured notes
$
112,179
  
       
Unsecured notes-
      
*3.375% due 2029
$
14,500
  
Total unsecured notes
$
14,500
  
       


12

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

Note (11) (Continued)

Pennsylvania Electric Company 
      
First mortgage bonds:
      
6.125% due 2007
$
3,495
  
5.350% due 2010
  
12,310
  
5.350% due 2010
  
12,000
  
5.800% due 2020
  
20,000
  
6.050% due 2025
  
25,000
  
Total first mortgage bonds
$
72,805
  
       
Unsecured notes:
      
7.500% due 2005
$
8,000
  
6.125% due 2009
  
100,000
  
7.770% due 2010
  
35,000
  
5.125% due 2014
  
150,000
  
6.625% due 2019
  
125,000
  
Total unsecured notes
$
418,000
  
       


13

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

Note (11) (Continued)

The Cleveland Electric Illuminating Company
      
First mortgage bonds:
      
6.860% due 2008
$
125,000
  
Total first mortgage bonds
$
125,000
  
       
Unsecured notes:
      
6.000% due 2013
$
78,700
  
5.650% due 2013
  
300,000
  
9.000% due 2031
  
103,093
  
*2.000% due 2033
  
27,700
  
   
509,493
  
7.743% due to associated companies 2006-2016
 
188,629
  
Total unsecured notes
$
698,122
  
       
Secured notes:
      
7.000% due 2005-2009
$
1,700
  
7.130% due 2007
  
120,000
  
7.430% due 2009
  
150,000
  
*1.850% due 2015
  
39,835
  
7.880% due 2017
  
300,000
  
*1.850% due 2018
  
72,795
  
*2.000% due 2020
  
47,500
  
6.000% due 2020
  
62,560
  
6.100% due 2020
  
70,500
  
7.625% due 2025
  
53,900
  
7.700% due 2025
  
43,800
  
7.750% due 2025
  
45,150
  
5.375% due 2028
  
5,993
  
*1.700% due 2030
  
23,255
  
*3.750% due 2030
  
81,640
  
*1.800% due 2033
  
30,000
  
*1.750% due 2033
  
46,100
  
Total secured notes
$
1,194,728
  
     


14

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

Note (11) (Continued)

The Toledo Edison Company
    
Unsecured notes:
      
*1.980% due 2030
$
34,850
  
*4.500% due 2033
  
31,600
  
*2.000% due 2033
  
18,800
  
*3.100% due 2033
  
5,700
  
Total unsecured notes
$
90,950
  
       
Secured notes:
      
7.130% due 2007
$
30,000
  
7.625% due 2020
  
45,000
  
7.750% due 2020
  
54,000
  
*1.750% due 2024
  
67,300
  
6.100% due 2027
  
10,100
  
5.375% due 2028
  
3,751
  
*1.690% due 2033
  
30,900
  
*1.800% due 2033
  
20,200
  
*1.750% due 2033
  
30,500
  
Total secured notes
$
291,751
  
       
* Denotes variable rate issue with December 31, 2004 interest rate shown.
      
       



Note (12) Short-term Debt

FirstEnergy Facilities Services Group, LLC
      
4.5420%
$
3,482
  
     
Ohio Edison Company
    
3.0600%
  
14,000
  
3.4300%
$
7,000
  
Total short-term debt
$
21,000
  


15

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

Note (12) (Continued)

OES Capital, Incorporated
      
2.2409%
$
141,935
  
       
Apollo Tax Credit Fund
     
 
$
4,072
  



Note (13) Money Pool

     
Loan to/
 
December 31, 2004
  
(Borrowing from)
Company
Interest Rate
 
(In Thousands $)
           
American Transmission Systems, Incorporated
1.9993%
    
97,965
  
Bay Shore Power Company
1.9737%
    
6,181
  
Centerior Energy Services, Inc.
1.9737%
    
445
  
Centerior Funding Company
1.9737%
    
(3,775
)
EI UK Holdings, Inc.
1.9737%
    
(65,921
)
FELHC, Inc.
1.9737%
    
44
  
Fiber Venture Equity, Inc.
1.9737%
    
33,305
  
FirstEnergy Corp.
1.9737%
    
922,031
  
FirstEnergy Facilities Service Group LLC
1.9737%
    
(8,877
)
FirstEnergy Generation Corp.
1.9737%
    
(706,545
)
FirstEnergy Nuclear Operating Company
1.9737%
    
(58,559
)
FirstEnergy Properties, Inc.
1.9737%
    
24,438
  
FirstEnergy Solutions Corp.
1.9737%
    
(245,215
)
FirstEnergy Telecom Services, Inc.
1.9737%
    
(26,108
)
FirstEnergy Ventures Corp.
1.9737%
    
17,252
  
FirstEnergy Telecommunications Corp.
1.9737%
    
(1,128
)


16

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

Note (13) (Continued)

     
Loan to/
 
December 31, 2004
  
(Borrowing from)
Company
Interest Rate
 
(In Thousands $)
           
GPU Capital, Inc.
1.9737%
    
234,267
  
GPU Diversified Holdings, LLC
1.9737%
    
1,557
  
GPU Electric, Inc.
1.9737%
    
166,323
  
GPU Nuclear, Inc.
1.9737%
    
2,123
  
GPU Power, Inc.
1.9737%
    
38,255
  
Jersey Central Power & Light Company
1.9993%
    
(248,532
)
MARBEL Energy Corporation
1.9737%
    
118,602
  
MetEd Funding LLC
1.9737%
    
5,365
  
Metropolitan Edison Company
1.9993%
    
(80,090
)
MYR Group Inc.
1.9737%
    
4,143
  
OES Capital, Incorporated
1.9737%
    
16,839
  
OES Nuclear Company
1.9737%
    
14,843
  
OES Ventures, Incorporated
1.9737%
    
2,761
  
Ohio Edison Company
1.9993%
    
503,029
  
Penelec Funding LLC
1.9737%
    
7,352
  
Penn Power Funding LLC
1.9737%
    
(63
)
Pennsylvania Electric Company
1.9993%
    
(241,496
)
Pennsylvania Power Company
1.9993%
    
(11,789
)
The Cleveland Electric Illuminating Company
1.9993%
    
(472,876
)
The Toledo Edison Company
1.9993%
    
(429,518
)
Toledo Edison Capital Company
1.9737%
    
44
  
Warrenton River Terminal, Ltd.
1.9737%
    
88
  
York Haven Power Company
1.9993%
    
13,404
  
           

17

ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2004 (Continued)

Changes in the status of subsidiary during 2004:

GPU Telcom Services, Inc. renamed to FirstEnergy Telecom Services, Inc. on January 1, 2004.


FirstEnergy sold its 20.1% interest in Aquila Sterling Limited, parent company of Avon Energy Partners Holdings and Midlands Electricity plc on January 16, 2004.


FirstEnergy sold its 28.67% interest in Termobarranquilla S.A. (TEBSA); Barranquilla Lease Holding, Inc.; Los Amigos Leasing Company, Ltd.; EI Barranquilla, Inc.; EI International and GPUI Colombia, Ltda. to Darby Delaware Mezzanine Holdings L.L.C. on January 30, 2004.


MetEd Funding LLC, Penelec Funding LLC, and Penn Power Funding LLC were formed on March 17, 2004.


JCP&L Transition Funding II LLC was formed on March 29, 2004.


OES Finance, Incorporated became inactive during the third quarter 2004.


FirstEnergy converted its loan to PowerSpan Corp. to 6,773,620 shares of Series C Convertible Preferred Stock in November 2004. As a result, FirstEnergy’s ownership in PowerSpan Corp. increased from 18.63% to 25.41%.


D. W. Close Company, Inc. was sold on December 21, 2004.



18

ITEM 2.  ACQUISITIONS OR SALES OF UTILITY ASSETS

None




19


ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES

                               
                               
       
Principal Amount Of Stated Value
                  
 
Name of Issuer
  
Name of
Company
  
 
Issued and
  
Pledged, Guaranteed
      
 
Date of
      
 
Commission
  
and Title of Issue
  
Issuing
  
Sold
  
or Assumed
      
Transaction
  
Proceeds
  
Authorization
  
(1)
  
(2)
  
(3)
  
(4)
      
(5)
  
(6)
  
(7)
  
                               
FirstEnergy Corp.
    
FirstEnergy Corp.
        
$
22,525,700
  (a)
 
 
  
Various
    
N/A
    
Rule 45
  
Ohio Edison Company
    
Ohio Edison Company
        
$
1,106,000
  (a)
 
  
Various
    
N/A
    
Rule 45
  
The Cleveland Electric Illuminating Company
    
The Cleveland Electric Illuminating Company
        
$
1,007,101
  (a)  
Various
    
N/A
    
Rule 45
  
Pennsylvania Power Company
    
Pennsylvania Power Company
        
$
78,625
  (a)
 
 
  
Various
    
N/A
    
Rule 45
  
FirstEnergy Solutions Corp.
    
FirstEnergy Solutions Corp.
        
$
15,040,140
  (a)
 
 
  
Various
    
N/A
    
Rule 45
  
FirstEnergy Facilities Services Group, LLC
    
FirstEnergy Facilities Services Group, LLC
        
$
94,954,329
  (b)
 
 
  
Various
    
N/A
    
Rule 45
  
Jersey Central Power & Light Company
    
Jersey Central Power & Light Company
        
$
2,003,576
  (a)
 
 
  
Various
    
N/A
    
Rule 45
  
Metropolitan Edison Company
    
Metropolitan Edison Company
        
$
2,018,500
  (a)
 
 
  
Various
    
N/A
    
Rule 45
  
FirstEnergy Generation Corp.
    
FirstEnergy Generation Corp.
        
$
600,000
  (a)
 
 
  
Various
    
N/A
    
Rule 45
  
GPU Energy
    
GPU Energy
        
$
10,676,096
  (c)
 
 
  
Various
    
N/A
    
Rule 45
  
MYR Group, Inc.
    
MYR Group, Inc.
        
$
147,852,556
  (a)
 
 
  
Various
    
N/A
    
Rule 45
  
                                             
                                             
(a) Represents miscellaneous surety bonds for various purposes.
(b) Represents letter of credit ($8,687,476) for liability and workers' compensation insurance and miscellaneous surety bonds ($86,266,853),
(c) Represents letters of credit ($9,882,530) and surety bonds ($793,566) for workers' compensation insurance.


20

 
ITEM 4.  ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES:
 
 
Name of Issuer
  
Name of Company
            
and
 
Acquiring, Redeeming or
          
Authorization
Title of Issue
  
Retiring Securities
  
Consideration
 
Deposition
  
of Exemption
Ohio Edison Company
                
Secured Trust Notes
  
Ohio Edison
$
57,620,343
 
Redeemed/Retired
  
Rule 42
Pollution Control Notes
  
Ohio Edison
$
30,000,000
 
Acquired
  
Rule 42
                 
Pennsylvania Power Company
                
First Mortgage Bonds
  
Penn Power
$
63,743,150
 
Redeemed/Retired
  
Rule 42
Preferred Stock
  
Penn Power
$
750,000
 
Redeemed/Retired
  
Rule 42
                 
The Cleveland Electric
                
Illuminating Company
                
First Mortgage Bonds
  
CEI
$
280,000,000
 
Redeemed/Retired
  
Rule 42
Medium Term Notes
  
CEI
$
7,872,000
 
Redeemed/Retired
  
Rule 42
Pollution Control Notes
  
CEI
$
81,640,000
 
Acquired
  
Rule 42
Pollution Control Notes
  
CEI
$
30,000
 
Redeemed/Retired
  
Rule 42
Preferred Stock
  
CEI
$
1,000,000
 
Redeemed/Retired
  
Rule 42
                 
The Toledo Edison Company
                
First Mortgage Bonds
  
TE
$
70,000,000
 
Redeemed/Retired
  
Rule 42
Medium Term Notes
  
TE
$
160,553,500
 
Redeemed/Retired
  
Rule 42
Pollution Control Notes
  
TE
$
73,000,000
 
Acquired
  
Rule 42
                 
Bay Shore Power Company
                
Pollution Control Notes
  
Bay Shore
$
3,100,000
 
Redeemed/Retired
  
Rule 42
                 
Note: See pages 23 to 31 for a detailed description of the above transactions.

21


ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (Continued):
 
 
Name of Issuer
  
Name of Company
            
and
 
Acquiring, Redeeming or
          
Authorization
Title of Issue
  
Retiring Securities
  
Consideration
 
Deposition
  
of Exemption
Jersey Central Power &
Light Company                       
                
First Mortgage Bonds
  
JCP&L
  
$
160,000,000
 
Redeemed/Retired
  
Rule 42
Senior Notes
  
JCP&L
  
$
300,000,000
 
Acquired
  
Rule 42
Medium Term Notes
  
JCP&L
  
$
132,932,000
 
Redeemed/Retired
  
Rule 42
Unsecured Notes
  
JCP&L
  
$
2,967,956
 
Redeemed/Retired
  
Rule 42
Pollution Control Notes
  
JCP&L
  
$
315,000
 
Redeemed/Retired
  
Rule 42
                   
JCP&L Transition Funding LLC
                  
Transition Bonds
  
JCP&L Transition Funding LLC
  
$
15,588,893
 
Redeemed/Retired
  
Rule 42
                   
Metropolitan Edison Company
                  
Medium Term Notes
  
Met-Ed
  
$
90,000,000
 
Redeemed/Retired
  
Rule 42
Senior Notes
  
Met-Ed
  
$
250,000,000
 
Acquired
  
Rule 42
Unsecured Notes
  
Met-Ed
  
$
5,935,912
 
Redeemed/Retired
  
Rule 42
Pollution Control Notes
  
Met-Ed
  
$
435,000
 
Redeemed/Retired
  
Rule 42
Trust Preferred Securities
  
Met-Ed
  
$
100,000,000
 
Redeemed/Retired
  
Rule 42
                   
Pennsylvania Electric Company
                  
Senior Notes
  
Penelec
  
$
125,000,000
 
Redeemed/Retired
  
Rule 42
Senior Notes
  
Penelec
  
$
150,000,000
 
Acquired
  
Rule 42
Unsecured Notes
  
Penelec
  
$
2,967,956
 
Redeemed/Retired
  
Rule 42
Trust Preferred Securities
  
Penelec
  
$
100,000,000
 
Redeemed/Retired
  
Rule 42
Pollution Control Notes
  
Penelec
  
$
205,000
 
Redeemed/Retired
  
Rule 42
                   
Note: See pages 23 to 31 for a detailed description of the above transactions.

22


ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (Continued):
 
 
       
Principal
            
Name of Issuer
  
Name of Company
  
Amount or Stated Value
            
and
 
Acquiring, Redeeming or
      
Redeemed
  
Date of
     
Commission
Title of Issue
  
Retiring Securities
  
Acquired
  
and Retired
  
Transaction
  
Consideration
  
Authorization
(1)
  
(2)
  
(3)
  
(4)
  
(5)
  
(6)
  
(7)
                           
Ohio Edison
                         
Company
                          
                           
Secured Trust Notes:
                          
7.680% PEPCO
  
Ohio Edison
    
$
4,636,959
 
1/21/2004
  
$
4,636,959
 
Rule 42
7.680% PEPCO
  
Ohio Edison
    
$
4,666,284
 
2/21/2004
  
$
4,666,284
 
Rule 42
7.680% PEPCO
  
Ohio Edison
    
$
4,695,795
 
3/21/2004
  
$
4,695,795
 
Rule 42
7.680% PEPCO
  
Ohio Edison
    
$
4,725,492
 
4/21/2004
  
$
4,725,492
 
Rule 42
7.680% PEPCO
  
Ohio Edison
    
$
4,755,377
 
5/21/2004
  
$
4,755,377
 
Rule 42
7.680% PEPCO
  
Ohio Edison
    
$
4,785,450
 
6/21/2004
  
$
4,785,450
 
Rule 42
7.680% PEPCO
  
Ohio Edison
    
$
4,815,714
 
7/21/2004
  
$
4,815,714
 
Rule 42
7.680% PEPCO
  
Ohio Edison
    
$
4,846,170
 
8/21/2004
  
$
4,846,170
 
Rule 42
7.680% PEPCO
  
Ohio Edison
    
$
4,876,818
 
9/21/2004
  
$
4,876,818
 
Rule 42
7.680% PEPCO
  
Ohio Edison
    
$
4,907,659
 
10/21/2004
  
$
4,907,659
 
Rule 42
7.680% PEPCO
  
Ohio Edison
    
$
4,938,696
 
11/21/2004
  
$
4,938,696
 
Rule 42
7.680% PEPCO
  
Ohio Edison
    
$
4,969,929
 
12/21/2004
  
$
4,969,929
 
Rule 42
         
$
57,620,343
     
$
57,620,343
   
                           
Pollution Control Notes:
                          
3.350% Series 1999-B
  
Ohio Edison
$
30,000,000
     
1/2/2004
  
$
30,000,000
 
Rule 42


23



ITEM 4.  ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (Continued):
 
 
       
 
            
 
  
Name of Company
  
 
            
 
Name of Issuer
  
Acquiring, Redeeming
  
Principal
Amount or Stated Value 
        
 
and
Title of Issue
  
or Retiring Securities
  
 
Acquired
  
Redeemed
and Retired
  
Date of
Transaction
  
 
Consideration
  
Commission
Authorization
(1)
  
(2)
  
(3)
  
(4)
  
(5)
  
(6)
  
(7)
                           
Pennsylvania
                         
Power Company
                          
                           
First Mortgage Bonds:
                        
6.625% Series
  
Penn Power
    
$
14,000,000
 
1/2/2004
  
$
14,000,000
 
Rule 42
6.375% Series
  
Penn Power
    
$
20,500,000
 
9/1/2004
  
$
20,500,000
 
Rule 42
8.500% Series
  
Penn Power
    
$
27,250,000
 
1/19/2004
  
$
28,269,150
 
Rule 42
9.740% Series
  
Penn Power
    
$
487,000
 
5/1/2004
  
$
487,000
 
Rule 42
9.740% Series
  
Penn Power
    
$
487,000
 
9/1/2004
  
$
487,000
 
Rule 42
         
$
62,724,000
     
$
63,743,150
   
                           
Preferred Stock
                          
7.625% Series
  
Penn Power
    
$
750,000
 
10/1/2004
  
$
750,000
 
Rule 42


24


ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (Continued):
 
       
Principal
            
Name of Issuer
  
Name of Company
  
Amount or Stated Value
            
and
 
Acquiring, Redeeming or
      
Redeemed
  
Date of
     
Commission
Title of Issue
  
Retiring Securities
  
Acquired
  
and Retired
  
Transaction
  
Consideration
  
Authorization
(1)
  
(2)
  
(3)
  
(4)
  
(5)
  
(6)
  
(7)
                             
The Cleveland Electric
                            
Illuminating Company
                            
                             
First Mortgage Bonds:
                        
7.670% Series
  
CEI
      
$
280,000,000
 
7/1/2004
  
$
280,000,000
 
Rule 42
                             
                             
Medium Term Notes
                          
9.520% Series
  
CEI
      
$
7,500,000
 
1/19/2004
  
$
7,872,000
 
Rule 42
                             
                             
Pollution Control Notes:
                        
3.750% Series
  
CEI
$
12,085,000
       
1/2/2004
  
$
12,085,000
 
Rule 42
3.750% Series
  
CEI
$
23,255,000
       
1/2/2004
  
$
23,255,000
 
Rule 42
3.750% Series
  
CEI
$
46,300,000
       
1/2/2004
  
$
46,300,000
 
Rule 42
7.000% Series
  
CEI
      
$
15,000
 
9/1/2004
  
$
15,000
 
Rule 42
7.000% Series
  
CEI
      
$
15,000
 
9/1/2004
  
$
15,000
 
Rule 42
     
$
81,640,000
 
$
30,000
     
$
81,670,000
   
                             
Preferred Stock:
                            
7.350% Series
  
CEI
      
$
1,000,000
 
8/1/2004
  
$
1,000,000
 
Rule 42


25


ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (Continued):
 
       
Principal
            
Name of Issuer
  
Name of Company
  
Amount or Stated Value
            
and
 
Acquiring, Redeeming or
      
Redeemed
  
Date of
     
Commission
Title of Issue
  
Retiring Securities
  
Acquired
  
and Retired
  
Transaction
  
Consideration
  
Authorization
(1)
  
(2)
  
(3)
  
(4)
  
(5)
  
(6)
  
(7)
                             
The Toledo Edison
                            
Company
                            
                             
First Mortgage Bonds
                            
7.670% Series
  
TE
      
$
70,000,000
 
7/1/2004
  
$
70,000,000
 
Rule 42
                             
                             
Medium Term Notes:
                            
7.875% Series
  
TE
      
$
145,000,000
 
8/1/2004
  
$
145,000,000
 
Rule 42
9.220% Series
  
TE
      
$
15,000,000
 
1/19/2004
  
$
15,553,500
 
Rule 42
           
$
160,000,000
     
$
160,553,500
   
                             
Pollution Control Notes:
                            
2.200% Series
  
TE
$
33,200,000
       
1/2/2004
  
$
33,200,000
 
Rule 42
2.200% Series
  
TE
$
34,100,000
       
1/2/2004
  
$
34,100,000
 
Rule 42
3.100% Series
  
TE
$
5,700,000
       
1/2/2004
  
$
5,700,000
 
Rule 42
     
$
73,000,000
           
$
73,000,000
   


26


ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (Continued):
 
 
       
Principal
            
Name of Issuer
  
Name of Company
  
Amount or Stated Value
            
and
 
Acquiring, Redeeming or
      
Redeemed
  
Date of
     
Commission
Title of Issue
  
Retiring Securities
  
Acquired
  
and Retired
  
Transaction
  
Consideration
  
Authorization
(1)
  
(2)
  
(3)
  
(4)
  
(5)
  
(6)
  
(7)
                           
Bay Shore Power
                          
Company
                          
                           
Pollution Control Notes:
                          
5.880% Series
  
Bay Shore
    
$
1,900,000
 
9/1/2004
  
$
1,900,000
 
Rule 42
6.250% Series
  
Bay Shore
    
$
1,200,000
 
9/30/2004
  
$
1,200,000
 
Rule 42
         
$
3,100,000
     
$
3,100,000
   


27


ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (Continued):
 
 
       
Principal
            
Name of Issuer
  
Name of Company
  
Amount or Stated Value
            
and
 
Acquiring, Redeeming or
      
Redeemed
  
Date of
     
Commission
Title of Issue
  
Retiring Securities
  
Acquired
  
and Retired
  
Transaction
  
Consideration
  
Authorization
(1)
  
(2)
  
(3)
  
(4)
  
(5)
  
(6)
  
(7)
                           
Jersey Central Power
                         
& Light Company
                          
                           
First Mortgage Bonds
                          
7.125% Series
  
JCP&L
    
$
160,000,000
 
5/27/2004
  
$
160,000,000
 
Rule 42
                           
                           
Senior Notes:
                          
5.625% Series
  
JCP&L
$
300,000,000
     
4/23/2004
  
$
300,000,000
 
Rule 42
                           
                           
Medium-Term Notes:
                          
6.780% Series
  
JCP&L
    
$
50,000,000
 
6/2/2004
  
$
50,000,000
 
Rule 42
7.980% Series
  
JCP&L
    
$
40,000,000
 
6/2/2004
  
$
41,436,000
 
Rule 42
8.320% Series
  
JCP&L
    
$
40,000,000
 
6/2/2004
  
$
41,496,000
 
Rule 42
         
$
130,000,000
     
$
132,932,000
   
                           
Unsecured Notes:
                          
7.690% Series (Cowanesque)
JCP&L
    
$
2,967,956
 
8/31/2004
  
$
2,967,956
 
Rule 42
                           
                           
Pollution Control Notes
                          
7.125% Series
  
JCP&L
    
$
315,000
 
1/2/2004
  
$
315,000
 
Rule 42


28
 

ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (Continued):
 
 
       
Principal
                
Name of Issuer
  
Name of Company
  
Amount or Stated Value
                
and
 
Acquiring, Redeeming or
      
Redeemed
  
Date of
     
Commission
Title of Issue
  
Retiring Securities
  
Acquired
  
and Retired
  
Transaction
  
Consideration
  
Authorization
(1)
  
(2)
  
(3)
  
(4)
  
(5)
  
(6)
  
(7)
                           
JCP&L
                         
Transition Funding LLC
                          
                           
Transition Bonds:
                          
4.19% Series
  
JCP&L Transition Funding LLC
    
$
3,275,450
 
3/5/2004
  
$
3,275,450
 
Rule 42
4.19% Series
  
JCP&L Transition Funding LLC
    
$
3,477,091
 
6/5/2004
  
$
3,477,091
 
Rule 42
4.19% Series
  
JCP&L Transition Funding LLC
    
$
4,114,267
 
9/5/2004
  
$
4,114,267
 
Rule 42
4.19% Series
  
JCP&L Transition Funding LLC
    
$
4,722,085
 
12/5/2004
  
$
4,722,085
 
Rule 42
         
$
15,588,893
     
$
15,588,893
   
 

29


ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (Continued):
 
 
       
Principal
            
Name of Issuer
  
Name of Company
  
Amount or Stated Value
            
and
 
Acquiring, Redeeming or
      
Redeemed
  
Date of
     
Commission
Title of Issue
  
Retiring Securities
  
Acquired
  
and Retired
  
Transaction
  
Consideration
  
Authorization
(1)
  
(2)
  
(3)
  
(4)
  
(5)
  
(6)
  
(7)
                           
Metropolitan
                          
Edison Company
                          
                           
Medium-Term Notes:
                          
6.340% Series
  
Met-Ed
    
$
40,000,000
 
8/27/2004
  
$
40,000,000
 
Rule 42
6.360% Series C
  
Met-Ed
    
$
17,000,000
 
3/19/2004
  
$
17,000,000
 
Rule 42
6.400% Series C
  
Met-Ed
    
$
33,000,000
 
3/19/2004
  
$
33,000,000
 
Rule 42
         
$
90,000,000
     
$
90,000,000
   
                           
Senior Notes:
                          
4.875% Series
  
Met-Ed
$
250,000,000
     
3/25/2004
  
$
250,000,000
 
Rule 42
                           
                           
Unsecured Notes:
                          
7.690% Series (Cowanesque)
   Met-Ed     
$
5,935,912
 
8/31/2004
  
$
5,935,912
 
Rule 42
                           
                           
Pollution Control Notes
                          
6.000% Series
  
Met-Ed
    
$
435,000
 
1/2/2004
  
$
435,000
 
Rule 42
                           
                           
Trust Preferred Securities
                          
7.350% Series
  
Met-Ed
    
$
100,000,000
 
6/1/2004
  
$
100,000,000
 
Rule 42


30


ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (Continued):
                         
       
Principal
            
Name of Issuer
  
Name of Company
  
Amount or Stated Value
            
and
 
Acquiring, Redeeming or
      
Redeemed
  
Date of
     
Commission
Title of Issue
  
Retiring Securities
  
Acquired
  
And Retired
  
Transaction
  
Consideration
  
Authorization
(1)
  
(2)
  
(3)
  
(4)
  
(5)
  
(6)
  
(7)
                             
Pennsylvania
                           
Electric Company
                            
                             
Senior Notes:
                            
5.125% Series
  
Penelec
      
$
125,000,000
 
4/1/2004
  
$
125,000,000
 
Rule 42
5.750% Series
  
Penelec
$
150,000,000
       
3/31/2004
  
$
150,000,000
 
Rule 42
     
$
150,000,000
 
$
125,000,000
     
$
275,000,000
   
                             
Unsecured Notes:
                            
7.690% Series (Cowanesque)
  
Penelec
      
$
2,967,956
 
8/31/2004
  
$
2,967,956
 
Rule 42
                             
                             
Trust Preferred Securities
                            
7.340% Series
  
Penelec
      
$
100,000,000
 
9/1/2004
  
$
100,000,000
 
Rule 42
                             
                             
Pollution Control Notes
                            
6.125% Series
  
Penelec
      
$
205,000
 
12/1/2004
  
$
205,000
 
Rule 42




31


ITEM 5. INVESTMENTS IN SECURITIES OF NONSYSTEM COMPANIES AS OF DECEMBER 31, 2004


 
 
Name
 
 
Security
Owned  
  
 
 
Shares
  
 
 
% Ownership
  
 
 
Nature of Business
 
Owner’s Book
Value
(In thousands)
 
                       
APX
    
Series B-2 & Series C Preferred Stock
          
4.37
%
  
Operates Internet-based exchanges for the buying & selling of electricity, energy transmission and related products
  
$
4,682
  
                                 
Ballard Generation Systems, Inc.
    
Common Stock
    
1,465,463
    
1.25
%
  
Develop, manufacture and market fuel cells and related systems
    
674
  
                                 
Cleveland Development Partnership II
    
LP
          
1.47
%
  
Housing and urban development
   
569
  
                                 
Cleveland Civic Housing Fund
    
LLC
          
4.00
%
  
Housing and urban development
   
368
  
                                 
Enertech Capital Partners II, LP
    
Limited Partnership
          
2.10
%
  
A venture capital fund which invests in energy-related technology or service companies
    
882
  
                                 
6 Misc. de minimis investments
                            
42
  





32


ITEM 6. OFFICERS AND DIRECTORS
                          
PART I. AS OF DECEMBER 31, 2004
                          
                         
FE
     
FirstEnergy
  
ATSI
  
FELHC
  
FEFSG
  
FENOC
  
Properties
                           
Anthony J. Alexander
(A)
  
P,CEO,D
  
P,D
  
P,D
  
M
  
CEO,D
  
P,D
                           
Richard R. Grigg
(A)
  
EVP,COO
  
EVP,COO,D
  
D
  
M
  
D
  
D
                           
Dr. Carol A. Cartwright
(A)
  
D
                    
                           
William T. Cottle
(A)
  
D
              
D
    
                           
Paul T. Addison
(A)
  
D
                    
                           
Russell W. Maier
(A)
  
D
                    
                           
Ernest J. Novak, Jr.
(A)
  
D
                    
                           
Robert N. Pokelwaldt
(A)
  
D
                    
                           
Paul J. Powers
(A)
  
D
                    
                           
Catherine A. Rein
(A)
  
D
                    
                           
Robert C. Savage
(A)
  
D
                    
                           
George M. Smart
(A)
  
CH
                    
                           
Wesley M. Taylor
(A)
  
D
                    
                           
Jesse T. Williams, Sr.
(A)
  
D
                    
                           
Dr. Patricia K. Woolf
(A)
  
D
                    
                           
Joseph J. Hagan
(A)
                  
SVP
    

33


ITEM 6. OFFICERS AND DIRECTORS (Continued)
                          
PART I.  OF DECEMBER 31, 2004
                          
                         
FE
     
FirstEnergy
  
ATSI
  
FELHC
  
FEFSG
  
FENOC
  
Properties
                           
                           
Mark B. Bezilla
(A)
                  
VP
    
                           
Gary R. Leidich
(A)
                  
P,CNO,D
    
                           
Lew W. Myers
(A)
                  
COO
    
                           
Stanley F. Szwed
(A)
      
VP
              
VP
                           
Richard H. Marsh
(A)
  
SVP,CFO
  
D,SVP,CFO
  
D,SVP,CFO
  
M,SVP,CFO
  
SVP,CFO
  
D,SVP,CFO
                           
Leila L. Vespoli
(A)
  
SVP,GC
  
SVP,GC
  
SVP,GC
  
SVP,GC
  
SVP,GC
  
SVP,GC
                           
Harvey L. Wagner
(A)
  
VP,C,CAO
  
VP,C
      
VP
  
VP,C
  
VP,C
                           
David W. Whitehead
(A)
  
CS
  
CS
  
CS
  
CS
  
CS
  
VP,CS
                           
Edward J. Udovich
(A)
  
ACS
  
ACS
  
ACS
  
ACS
  
ACS
  
ACS
                           
Jacqueline S. Cooper
(A)
  
ACS
  
ACS
  
ACS
  
ACS
  
ACS
  
ACS
                           
Thomas C. Navin
(A)
  
T
  
T
  
T
  
T
  
T
  
T
                           
Randy Scilla
(A)
  
AT
  
AT
  
AT
  
AT
  
AT
  
AT
                           
Jeffrey R. Kalata
(A)
  
AC
  
AC
      
AC
  
AC
  
AC
                           
Paulette R. Chatman
(C)
  
AC
  
AC
      
AC
  
AC
  
AC
                           
Trent A. Smith
(B)
              
P
        
                           


34


ITEM 6. OFFICERS AND DIRECTORS (Continued)
                          
PART I. AS OF DECEMBER 31, 2004
                          
                           
                           
                         
FE
     
FirstEnergy
  
ATSI
  
FELHC
  
FEFSG
  
FENOC
  
Properties
                           
                           
Steven F. Lux
(A)
          
AVP
            
                           
L. W. Pearce
(L)
                  
VP
    
                           
Roger D. Ruch
(B)
              
C
        
                           
Richard L. Anderson
(A)
                  
VP
    
                           
Ralph L. Hansen
(A)
                  
IVP
    
                           
Arthur W. Yuan
(B)
              
VP,COO
        


35


ITEM 6. OFFICERS AND DIRECTORS (Continued)
                      
PART I. AS OF DECEMBER 31, 2004
                      
                       
                       
     
FirstEnergy
          
FirstEnergy
  
GPU
     
Transfer
  
FECO
  
FES
  
Ventures
  
Capital
                       
Anthony J. Alexander
(A)
  
D
  
P,CEO,D
  
D
  
D
  
P,D
                       
Richard R. Grigg
(A)
  
D
  
EVP,COO,D
      
EVP,COO,D
  
D
                       
Richard H. Marsh
(A)
  
D
  
SVP,CFO,D
  
SVP,CFO,D
  
SVP,CFO,D
  
SVP,CFO,D
                       
Leila L. Vespoli
(A)
      
SVP,GC
  
SVP,GC
  
SVP,GC
  
SVP,GC
                       
Harvey L. Wagner
(A)
      
VP,C
  
VP,C
  
VP,C
  
VP,C
                       
David W. Whitehead
(A)
  
P,CS
  
VP,CETO,CS
  
CS
  
CS
  
CS
                       
Jacqueline S. Cooper
(A)
  
ACS
  
ACS
  
ACS
  
ACS
  
ACS
                       
Edward J. Udovich
(A)
  
ACS
  
ACS
  
ACS
  
ACS
  
ACS
                       
Thomas C. Navin
(A)
  
T
  
T
  
T
  
T
  
T
                       
Randy Scilla
(A)
  
AT
  
AT
  
AT
  
AT
  
AT
                       
Jeffrey R. Kalata
(A)
      
AC
  
AC
  
AC
  
AC
                       
Paulette R. Chatman
(C)
      
AC
  
AC
  
AC
  
AC
                       
Kevin J. Keough
(A)
      
SVP
      
P
    
                       
Bradley S. Ewing
(A)
      
VP
            
                       
Douglas S. Elliott
(A)
      
SVP
            
                       


36


ITEM 6. OFFICERS AND DIRECTORS (Continued)
                      
PART I. AS OF DECEMBER 31, 2004
                      
                       
                       
     
FirstEnergy
          
FirstEnergy
  
GPU
     
Transfer
  
FECO
  
FES
  
Ventures
  
Capital
                       
Carole B. Snyder
(A)
      
SVP
            
                       
Mary Beth Carroll
(A)
      
VP
            
                       
Stanley F. Szwed
(A)
      
VP
            
                       
Lynn M. Cavalier
(A)
      
VP
            
                       
Mark T. Clark
(A)
      
SVP
            
                       
Kathryn W. Dindo
(A)
      
VP,CRO
            
                       
Michael J. Dowling
(A)
      
VP,CPO
            
                       
Terrance G. Howson
(C)
      
VP
            
                       
Ali Jamshidi
(A)
      
VP
            
                       
Charles E. Jones
(A)
      
SVP,D
            
                       
David C. Luff
(A)
      
VP
            
                       
Thomas M. Welsh
(A)
      
SVP
            
                       
Bradford F. Tobin
(A)
      
VP,CIO
            
                       
Alfred G. Roth
(B)
          
VP
        
                       
Donald R. Schneider
(A)
          
VP
        


37


ITEM 6. OFFICERS AND DIRECTORS (Continued)
                      
PART I. AS OF DECEMBER 31, 2004
                      
                       
                       
     
FirstEnergy
          
FirstEnergy
  
GPU
     
Transfer
  
FECO
  
FES
  
Ventures
  
Capital
                       
Trent A. Smith
(B)
          
VP
        
                       
Ralph J. DiNicola
(A)
      
VP
            
                       
Mark A. Julian
(A)
      
VP
            
                       
David M. Blank
(A)
      
VP
            
                       
Guy L. Pipitone
(A)
          
P,D
        
                       
Charles D. Lasky
(A)
          
VP
        
                       
Lisa S. Wilson
(A)
      
AC
            


38


ITEM 6. OFFICERS AND DIRECTORS (Continued)
                      
PART I. AS OF DECEMBER 31, 2004
                      
                       
                       
             
GPU
  
FE
    
     
GPUDH
  
GPUN
  
Power
  
Telecom
  
JCP&L
                       
Anthony J. Alexander
(A)
  
P,M
  
CEO,D
  
P,D
  
P,D
    
                       
Richard H. Grigg
(A)
  
M
  
D
  
D
  
D
    
                       
Stanley C. Van Ness
(C)
                  
D
                       
Gelorma E. Persson
(C)
                  
D
                       
Richard H. Marsh
(A)
  
M,SVP,CFO
  
SVP,CFO
  
SVP,CFO,D
  
SVP,CFO,D
  
SVP,CFO
                       
Leila L. Vespoli
(A)
  
SVP,GC
  
SVP,GC
  
SVP,GC
  
SVP,GC
  
SVP,GC,D
                       
Harvey L. Wagner
(A)
  
VP,C
  
VP,C
  
VP,C
  
VP,C
  
VP,C
                       
David W. Whitehead
(A)
  
CS
  
CS
  
CS
  
CS
  
CS
                       
Jacqueline S. Cooper
(A)
  
ACS
  
ACS
  
ACS
  
ACS
  
ACS
                       
Edward J. Udovich
(A)
  
ACS
  
ACS
  
ACS
  
ACS
  
ACS
                       
Thomas C. Navin
(A)
  
T
  
T
  
T
  
T
  
T
                       
Randy Scilla
(A)
  
AT
  
AT
  
AT
  
AT
  
AT
                       
Jeffrey R. Kalata
(A)
  
AC
  
AC
  
AC
  
AC
  
AC
                       
Paulette R. Chatman
(C)
  
AC
  
AC
  
AC
  
AC
  
AC
                       


39


ITEM 6. OFFICERS AND DIRECTORS (Continued)
                      
PART I. AS OF DECEMBER 31, 2004
                      
                       
                       
             
GPU
  
FE
    
     
GPUDH
  
GPUN
  
Power
  
Telecom
  
JCP&L
                       
                       
Kevin J. Keough
(A)
  
SVP
                
                       
Bradley S. Ewing
(A)
                  
D
                       
Mark A. Julian
(A)
                  
D
                       
Gary R. Leidich
(A)
      
P,CNO,D
            
                       
Stephen E. Morgan
(C)
                  
P,D
                       
Donald M. Lynch
(G)
                  
RP
                       
Steven E. Strah
(C)
                  
RP
                       
Charles E. Jones
(A)
                  
D


40


ITEM 6. OFFICERS AND DIRECTORS Continued)
  
PART I. AS OF DECEMBER 31, 2004
                              
                               
                               
                               
     
MARBEL
  
Met-Ed
  
MYR
  
OE
  
Penelec
  
CEI
  
TE
                               
Anthony J. Alexander
(A)
  
P,D
  
P,D
  
D
  
P,D
  
P,D
  
P,D
  
P,D
                               
Richard R. Grigg
(A)
  
D
  
EVP,COO,D
  
D
  
EVP,COO,D
  
EVP,COO,D
  
EVP,COO,D
  
EVP,COO,D
                               
Richard H. Marsh
(A)
  
SVP,CFO
  
SVP,CFO,D
  
D
  
SVP,CFO,D
  
SVP,CFO,D
  
SVP,CFO,D
  
SVP,CFO,D
                               
Leila L. Vespoli
(A)
  
SVP,GC
  
SVP,GC
      
SVP,GC
  
SVP,GC
  
SVP,GC
  
SVP,GC
                               
Harvey L. Wagner
(A)
  
VP,C
  
VP,C
      
VP,C
  
VP,C
  
VP,C
  
VP,C
                               
David W. Whitehead
(A)
  
CS
  
CS
  
AS
  
CS
  
CS
  
CS
  
CS
                               
Edward J. Udovich
(A)
  
ACS
  
ACS
  
AS
  
ACS
  
ACS
  
ACS
  
ACS
                               
Jacqueline S. Cooper
(A)
  
ACS
  
ACS
  
AS
  
ACS
  
ACS
  
ACS
  
ACS
                               
Thomas C. Navin
(A)
  
T
  
T
      
T
  
T
  
T
  
T
                               
Randy Scilla
(A)
  
AT
  
AT
      
AT
  
AT
  
AT
  
AT
                               
Jeffrey R. Kalata
(A)
  
AC
  
AC
      
AC
  
AC
  
AC
  
AC
                               
Paulette R. Chatman
(C)
  
AC
  
AC
      
AC
  
AC
  
AC
  
AC
                               
Ronald P. Lantzy
(K)
      
RP
                    


41


ITEM 6. OFFICERS AND DIRECTORS (Continued)
PART I. AS OF DECEMBER 31, 2004
                              
                               
                               
                               
     
MARBEL
  
Met-Ed
  
MYR
  
OE
  
Penelec
  
CEI
  
TE
                               
Stanley F. Szwed
(A)
              
VP
      
VP
  
VP
                               
Charles E. Jones
(A)
  
D
  
SVP
      
SVP
  
SVP
  
SVP
  
SVP
                               
William A. Koertner
(D)
          
P,CEO
                
                               
James M. Murray
(I)
                          
RP
                               
John A. Fluss
(D)
          
GVP
                
                               
William H. Green
(D)
          
SVP, COO
                
                               
Elaine K. Hughes
(D)
          
VP
                
                               
Robert E. McDaniel
(D)
          
VP
                
                               
Greg R. Medici
(D)
          
C,AT
                
                               
Brian L. Smolinski
(D)
          
VP
                
                               
James P. Urbas
(D)
          
VP
                


42


ITEM 6. OFFICERS AND DIRECTORS (Continued)
  
PART I. AS OF DECEMBER 31, 2004
                              
                               
                               
                               
     
MARBEL
  
Met-Ed
  
MYR
  
OE
  
Penelec
  
CEI
  
TE
                               
                               
Dennis M. Chack
(H)
                      
RP
    
                               
John E. Paganie
(J)
                  
RP
        
                               
Thomas A. Clark
(F)
              
RP
            
                               
Gerald B. Engen, Jr.
(D)
          
VP,CLO,S
                
                               
Michael D. Cooper
(D)
          
VP
                
                               
Marco A. Martinez
(D)
          
VP,CFO,T
                
                               
Richard S. Swartz, Jr.
(D)
          
VP
                
                               
Steven T. Theis
(D)
          
VP
                
                               



43


ITEM 6. OFFICERS AND DIRECTORS (continued)
PART I. AS OF DECEMBER 31, 2004
 
 


(A)  
Address is 76 South Main St., Akron, Ohio 44308

(B)  
Address is 395 Ghent Road, Akron, Ohio 44308

(C)  
Address is 300 Madison Ave., Morristown, New Jersey 07962

(D)  
Address is 1701 West Golf Road, Rolling Meadows, Illinois 60008

(E)  
Not used.

(F)  
Address is 1910 West Market Street, Akron, Ohio 44313

(G)  
Address is 331 Newman Springs Road Bldg. #3, Red Bank, NJ 07701

(H)  
Address is 6896 Miller Road, Brecksville, Ohio 44141

(I)  
Address is 300 Madison Ave., Toledo, Ohio 43652

(J)  
Address is 5404 Evans Road, Erie, PA 16509

(K)  
Address is 2800 Pottsville Pike, Reading, PA 19605

(L)  
Address is Route 168, Shippingport, PA 15077

44

ITEM 6.  OFFICERS AND DIRECTORS (continued)
PART I. AS OF DECEMBER 31, 2004

Key           Position Held 
 
AC
Assistant Controller
ACS
Assistant Corporate Secretary 
AS
Assistant Secretary 
AT
Assistant Treasurer 
AVP
Assistant Vice President 
C
Controller 
CAO
Chief Accounting Officer 
CEO
Chief Executive Officer 
CETO
Chief Ethics Officer 
CFO
Chief Financial Officer 
CH
Chairman 
CIO
Chief Information Officer 
CLO
Chief Legal Officer 
CNO
Chief Nuclear Officer 
COO
Chief Operating Officer 
CPO
Chief Procurement Officer 
CRO
Chief Risk Officer
CS
Corporate Secretary 
D
Director
EVP
Executive Vice President 
GC
General Counsel 
GVP
Group Vice President
IVP
Interim Vice President 
M
Manager 
P
President 
RP
Region President 
RVP
Region Vice President 
S
Secretary
SVP
Senior Vice President 
T
Treasurer 
VP
Vice President 

45

ITEM 6. OFFICERS AND DIRECTORS (continued)
PART II. AS OF DECEMBER 31, 2004

Name of Officer
  
Name and Location
  
Position Held
  
Applicable
Or Director
  
of Financial Institution
  
in Financial Institution
  
Exception Rule
             
             
Dr. Carol A. Cartwright
  
KeyCorp.
Cleveland, OH
  
Director
  
70
             
Catherine A. Rein
 
Bank of New York
New York, NY
  
Director
  
70
             
   
New England Financial, Inc.
Boston, MA
  
Director
  
70
             
Russell W. Maier
  
Unizan Financial Corp.
Canton, OH
  
Director
  
70
             
   
Unizan Bank, National Association
Canton, OH
  
Director
  
70
             
George M. Smart
  
Unizan Financial Corp.
Canton, OH
  
Director
  
70
             
   
Unizan Bank, National Association
Canton, OH
  
Director
  
70
             
Dr. Patricia K. Woolf (1)
  
The Capital Group
New York, NY
  
Director
  
70
             
   
National Life Holding Company of Vermont
Montpelier, VT
  
Director
  
70
             
Stanley C. Van Ness
  
The Prudential Insurance Company of America
Newark, NJ
  
Director
  
70


(1)  
Dr. Woolf is also Director of Growth Fund of America, Director of American Balance Fund, Director of Income Fund of America, Director of Small Cap World Fund, Trustee for Fundamental Investors and Trustee for New Economy Fund - The Capital Group.

PART III.

Information concerning the compensation and other related information for the Officers and Directors of FirstEnergy and its subsidiary companies is filed as Exhibit F-1 to this Form U5S.


46


ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS

(1)  
Expenditures, disbursements, or payments during the year, in money, goods or services, directly or indirectly to or for the account of any political party, candidate for public office or holder of such office, or any committee or agent therefor (or any officer or employee acting as such).

None

(2)  
Expenditures, disbursements, or payments during the year, in money, goods or services, directly or indirectly to or for the account of any citizens’ group, taxpayers’ group, or public relations counsel (or any officer or employee acting as such).

None



47


ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS

Part I.

Excluding transactions included in the Annual Report on Form U-13-60 of a service company, FirstEnergy reports intercompany service, sales and construction contracts on:

1.  
 Form U-9C-3, Quarterly Report Pursuant to Rule 58.
2.  
 Affiliated transactions for the period of January 1, 2004 through December 31, 2004 is filed as Exhibit F-3 to this Form U5S. The amounts required under the caption "Total Amount Billed" are being filed pursuant to request for confidential treatment.

Part II.

The system companies had no contracts to purchase services or goods from any affiliate (other than a system company), or from a company in which any officer or director of the receiving company is a partner or owns 5% or more of any class of equity securities, except as reported in Item 6.

Part III.

The system companies do not employ any other person for the performance on a continuing basis of management, supervisory or financial advisory services.


48

ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES

EXEMPT WHOLESALE GENERATORS (EWG):


FirstEnergy Generation Corp. (GenCo)


Part I.

(a)
At December 31, 2004, FirstEnergy Solutions Corp. (FES) owned 100% of GenCo, an Ohio corporation that operates fossil plants and the Seneca pumped storage plant and sells all its output at wholesale prices to FES.

(b)
At December 31, 2004, FES had an investment of $156,232,000 in GenCo.

(c)
Ratio of debt to common equity - Not applicable
Accumulated earnings of GenCo - $155,491,000

(d)
See (a) above.


Part II.

An organizational chart showing the relationship of FES to GenCo is provided in Exhibit H-1.

Filed pursuant to request for confidential treatment, financial statements of GenCo as of and for the year ended December 31, 2004 are provided in Exhibit I-1.


49

ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES (Continued)

EXEMPT WHOLESALE GENERATORS (EWG) (Continued):


GPU Power, Inc.

Part I.

(a)
At December 31, 2004, FirstEnergy Corp. owned 100% of GPU Power, Inc., a Delaware corporation established to make investments in EWGs, own and/or operate eligible facilities, and to engage in project development activities for eligible facilities.

(b)
At December 31, 2004, FirstEnergy had an investment of $37,874,062 in GPU Power, Inc.

(c)
Ratio of debt to common equity - Not applicable
Accumulated losses of GPU Power, Inc. - $35,345,264

(d)
None


Part II.

An organizational chart showing the relationship of GPU Power, Inc. to other EWGs in which it has an interest is provided in Exhibit H-2.

Filed pursuant to request for confidential treatment, consolidating financial statements of GPU Power, Inc. as of and for the year ended December 31, 2004 are provided in Exhibit I-1.


50

ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES (Continued)

EXEMPT WHOLESALE GENERATORS (EWG) (Continued):

EI Canada Holding Limited, EI Brooklyn Power Limited, EI Brooklyn Investments Limited and EI Services Canada Limited

Part I.

(a)
At December 31, 2004, GPU Power, Inc. (GPU Power), through its wholly-owned subsidiary EI Canada Holding Limited, owned 100% of EI Services Canada Limited and EI Brooklyn Power Ltd. EI Brooklyn Power Ltd. owns 100% of EI Brooklyn Investments Ltd.

(b)
At December 31, 2004, GPU Power had an investment of $(152,436) in EI Canada Holding Limited and subsidiaries.

(c)
Ratio of debt to common equity of EI Canada Holding Limited and subsidiaries - Not applicable
Accumulated losses of EI Canada Holding Limited and subsidiaries - $10,510,794

(d)
None


Part II.

An organizational chart showing the relationship of GPU Power, Inc. to EI Canada Holding Limited and subsidiaries is provided in Exhibit H-2.

Filed pursuant to request for confidential treatment, financial statements of EI Canada Holding Limited and subsidiaries as of and for the year ended December 31, 2004 are provided in Exhibit I-1 as part of GPU Power, Inc.’s consolidating financial statements. 

51

ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES (Continued)

Part III.

FirstEnergy’s aggregate investment in EWG's at December 31, 2004 was $1,009,196,000*:

FirstEnergy’s aggregate capital investment in domestic public utility subsidiary companies at December 31, 2004 was approximately $11,223,913,000.

Ratio of FirstEnergy’s aggregate investment of EWG's to FirstEnergy's aggregate investment in domestic public utility subsidiary companies at December 31, 2004 - 0.09:1

*
Pursuant to Rule 53(a)(1)(i) under the Public Utility Holding Company Act of 1935, aggregate investment as stated herein Part III includes all amounts invested, or committed to be invested, in foreign utility companies (FUCO) and exempt wholesale generators (EWG), for which there is recourse, directly or indirectly, to the registered holding company.

52

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS
 


   Consolidating Financial Statements, Schedules and Notes Page 
     
-
Consent of Independent Public Accountants.
54
     
-
Consolidating Financial Statements of FirstEnergy Corp.
55-89
 
for 2004.
  
     
-
Notes 1 through 16 to Consolidated Financial
  
 
Statements incorporated herein by reference, in Exhibit
  
 
A (page 90), in the FirstEnergy Corp. Annual Report on
  
 
Form 10-K for 2004.
  
     
-
Notes 1 through 14 to Consolidated Financial
  
 
Statements incorporated herein by reference, in Exhibit
  
 
A (page 90), in the Ohio Edison Company Annual Report on
  
 
Form 10-K for 2004.
  
     
-
Notes 1 through 14 to Consolidated Financial
  
 
Statements incorporated herein by reference, in Exhibit
  
 
A (page 90), in the The Cleveland Electric Illuminating
  
 
Company Annual Report on Form 10-K for 2004.
  
     
-
Notes 1 through 14 to Consolidated Financial
  
 
Statements incorporated herein by reference, in Exhibit
  
 
A (page 90), in the The Toledo Edison Company Annual
  
 
Report on Form 10-K for 2004.
  
     
-
Notes 1 through 12 to Consolidated Financial
  
 
Statements incorporated herein by reference, in Exhibit
  
 
A (page 90), in the Pennsylvania Power Company Annual
  
 
Report on Form 10-K for 2004.
  
     
-
Notes 1 through 13 to Consolidated Financial
  
 
Statements incorporated herein by reference, in Exhibit
  
 
A (page 90), in the Jersey Central Power & Light Company
  
 
Annual Report on Form 10-K for 2004.
  
     
-
Notes 1 through 13 to Consolidated Financial
  
 
Statements incorporated herein by reference, in Exhibit
  
 
A (page 90), in the Metropolitan Edison Company
  
 
Annual Report on Form 10-K for 2004.
  
     
-
Notes 1 through 14 to Consolidated Financial
  
 
Statements incorporated herein by reference, in Exhibit
  
 
A (page 90), in the Pennsylvania Electric Company
  
 
Annual Report on Form 10-K for 2004.
  
     
-
Exhibits
90-133


53




CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



We hereby consent to the incorporation by reference in this Annual Report on Form U5S of FirstEnergy Corp. for the year ended December 31, 2004, filed pursuant to the Public Utility Holding Company act of 1935 of our reports dated March 7, 2005 relating to the financial statements, management’s assessment of the effectiveness of internal control over financial reporting and the effectiveness of internal control over financial reporting, which appear in the 2004 Annual Reports to Stockholders of FirstEnergy Corp., Ohio Edison Company, Pennsylvania Power Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company which are incorporated by reference in the respective Annual Reports on Form 10-K for the year ended December 31, 2004 of FirstEnergy Corp., Ohio Edison Company, Pennsylvania Power Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company. We also consent to the incorporation by reference of our reports dated March 7, 2005 relating to the financial statement schedules, which appear in such Annual Reports on Form 10-K.



Pricewaterhouse Coopers LLP
Cleveland, Ohio
April 27, 2005








54


               
1 of 7
  
FIRSTENERGY CORP. CONSOLIDATING INCOME STATEMENT
For the Year Ended December 31, 2004
  
(In thousands $)
                   
   
FirstEnergy
  
Ohio
  
Cleveland
  
Toledo
  
   
Holding
  
Edison
  
Electric
  
Edison
  
   
Company
  
Consolidated
  
Consolidated
  
Consolidated
  
                   
REVENUES
  
$
35,097
  
$
3,059,290
  
$
1,893,974
  
$
1,057,033
  
                           
EXPENSES:
                          
Fuel and purchased power
    
-
    
1,027,230
    
622,021
    
363,759
  
Other operating expenses
    
100,051
    
730,310
    
404,807
    
327,433
  
Provision for depreciation
    
-
    
122,625
    
132,880
    
58,161
  
Amortization of regulatory assets
    
-
    
411,326
    
196,501
    
123,858
  
Deferral of new regulatory assets
    
-
    
(100,633
)
  
(117,466
)
  
(38,696
)
Goodwill impairment
    
-
    
-
    
-
    
-
  
General taxes
    
168
    
180,523
    
146,276
    
54,142
  
Total expenses
    
100,219
    
2,371,381
    
1,385,019
    
888,657
  
                           
EQUITY IN SUBSIDIARY EARNINGS
    
1,084,597
    
-
    
-
    
-
  
                           
INCOME BEFORE INTEREST AND INCOME TAXES
    
1,019,475
    
687,909
    
508,955
    
168,376
  
                           
NET INTEREST CHARGES:
                          
Interest expense
    
286,113
    
71,491
    
138,678
    
33,439
  
Capitalized interest
    
-
    
(7,211
)
  
(5,110
)
  
(3,696
)
Subsidiaries' preferred stock dividends
    
-
    
2,560
    
-
    
-
  
Net interest charges
    
286,113
    
66,840
    
133,568
    
29,743
  
                           
INCOME TAXES
    
(144,813
)
  
278,303
    
138,856
    
52,350
  
                           
INCOME BEFORE DISCONTINUED OPERATIONS
    
878,175
    
342,766
    
236,531
    
86,283
  
                           
DISCONTINUED OPERATIONS
    
-
    
-
    
-
    
-
  
                           
NET INCOME
    
878,175
    
342,766
    
236,531
    
86,283
  
                           
PREFERRED STOCK DIVIDEND REQUIREMENTS
    
-
    
2,502
    
7,008
    
8,844
  
                           
EARNINGS ON COMMON STOCK
  
$
878,175
  
$
340,264
  
$
229,523
  
$
77,439
  
                           
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.


55


               
2 of 7
  
FIRSTENERGY CORP. CONSOLIDATING INCOME STATEMENT
For the Year Ended December 31, 2004
(In thousands $)
       
Jersey
          
   
American
  
Central
  
Metropolitan
  
Pennsylvania
  
   
Transmission
  
Power & Light
  
Edison
  
Electric
  
   
Systems, Inc.
  
Consolidated
  
Consolidated
  
Consolidated
  
                   
REVENUES
  
$
201,019
  
$
2,221,357
  
$
1,113,072
  
$
1,041,270
  
                           
EXPENSES:
                          
Fuel and purchased power
    
-
    
1,172,416
    
554,988
    
570,369
  
Other operating expenses
    
61,418
    
345,550
    
190,840
    
199,255
  
Provision for depreciation
    
30,370
    
75,258
    
41,161
    
47,116
  
Amortization of regulatory assets
    
-
    
278,559
    
105,675
    
50,403
  
Deferral of new regulatory assets
    
-
    
-
    
-
    
-
  
Goodwill impairment
    
-
    
-
    
-
    
-
  
General taxes
    
32,064
    
62,792
    
70,457
    
68,132
  
Total expenses
    
123,852
    
1,934,575
    
963,121
    
935,275
  
                           
EQUITY IN SUBSIDIARY EARNINGS
    
-
    
-
    
-
    
-
  
                           
INCOME BEFORE INTEREST AND INCOME TAXES
    
77,167
    
286,782
    
149,951
    
105,995
  
                           
NET INTEREST CHARGES:
                          
Interest expense
    
25,878
    
80,646
    
45,057
    
40,212
  
Capitalized interest
    
(2,013
)
  
(615
)
  
(278
)
  
(248
)
Subsidiaries' preferred stock dividends
    
-
    
-
    
-
    
-
  
Net interest charges
    
23,865
    
80,031
    
44,779
    
39,964
  
                           
INCOME TAXES
    
20,743
    
95,112
    
38,217
    
30,001
  
                           
INCOME BEFORE DISCONTINUED OPERATIONS
    
32,559
    
111,639
    
66,955
    
36,030
  
                           
DISCONTINUED OPERATIONS
    
-
    
-
    
-
    
-
  
                           
NET INCOME
    
32,559
    
111,639
    
66,955
    
36,030
  
                           
PREFERRED STOCK DIVIDEND REQUIREMENTS
    
-
    
500
    
-
    
-
  
                           
EARNINGS ON COMMON STOCK
  
$
32,559
  
$
111,139
  
$
66,955
  
$
36,030
  
                           
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           

56


               
3 of 7
  
FIRSTENERGY CORP. CONSOLIDATING INCOME STATEMENT
  
For the Year Ended December 31, 2004
(In thousands $)
                   
   
FirstEnergy
          
MARBEL
  
   
Facilities
  
FirstEnergy
  
FirstEnergy
  
Energy
  
   
Services
  
Solutions
  
Nuclear
  
Corporation
  
   
Consolidated
  
Consolidated
  
Operating Co.
  
Consolidated
  
                   
REVENUES
  
$
397,681
  
$
5,219,693
  
$
538,585
  
$
22,198
  
                           
EXPENSES:
                          
Fuel and purchased power
    
-
    
3,949,176
    
50
    
-
  
Other operating expenses
    
401,389
    
789,372
    
525,471
    
499
  
Provision for depreciation
    
4,645
    
28,906
    
-
    
1,136
  
Amortization of regulatory assets
    
-
    
-
    
-
    
-
  
Deferral of new regulatory assets
    
-
    
-
    
-
    
-
  
Goodwill impairment
    
36,471
    
-
    
-
    
-
  
General taxes
    
8
    
27,559
    
16,847
    
9
  
Total expenses
    
442,513
    
4,795,013
    
542,368
    
1,644
  
                           
EQUITY IN SUBSIDIARY EARNINGS
    
-
    
-
    
-
    
-
  
                           
INCOME BEFORE INTEREST AND INCOME TAXES
    
(44,832
)
  
424,680
    
(3,783
)
  
20,554
  
                           
NET INTEREST CHARGES:
                          
Interest expense
    
791
    
35,046
    
1,946
    
8
  
Capitalized interest
    
-
    
(5,705
)
  
-
    
-
  
Subsidiaries' preferred stock dividends
    
-
    
-
    
-
    
-
  
Net interest charges
    
791
    
29,341
    
1,946
    
8
  
                           
INCOME TAXES
    
(9,632
)
  
167,661
    
(5,729
)
  
52,206
  
                           
INCOME BEFORE DISCONTINUED OPERATIONS
    
(35,991
)
  
227,678
    
-
    
(31,660
)
                           
DISCONTINUED OPERATIONS
    
-
    
4,396
    
-
    
-
  
                           
NET INCOME
    
(35,991
)
  
232,074
    
-
    
(31,660
)
                           
PREFERRED STOCK DIVIDEND REQUIREMENTS
    
-
    
-
    
-
    
-
  
                           
EARNINGS ON COMMON STOCK
  
$
(35,991
)
$
232,074
  
$
-
  
$
(31,660
)
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.


57


               
4 of 7
  
FIRSTENERGY CORP. CONSOLIDATING INCOME STATEMENT
For the Year Ended December 31, 2004
(In thousands $)
                   
   
FirstEnergy
  
MYR
  
GPU
  
GPU
  
   
Ventures
  
Group Inc.
  
Capital, Inc.
  
Power, Inc.
  
   
Consolidated
  
Consolidated
  
Consolidated
  
Consolidated
  
                   
REVENUES
  
$
37,401
  
$
347,416
  
$
685
  
$
2,760
  
                           
EXPENSES:
                          
Fuel and purchased power
    
4,605
    
-
    
-
    
-
  
Other operating expenses
    
14,199
    
353,430
    
558
    
362
  
Provision for depreciation
    
10,235
    
1,075
    
(814
)
  
-
  
Amortization of regulatory assets
    
-
    
-
    
-
    
-
  
Deferral of new regulatory assets
    
-
    
-
    
-
    
-
  
Goodwill impairment
    
-
    
-
    
-
    
-
  
General taxes
    
248
    
-
    
-
    
-
  
Total expenses
    
29,287
    
354,505
    
(256
)
  
362
  
                           
EQUITY IN SUBSIDIARY EARNINGS
    
-
    
-
    
-
    
-
  
                           
INCOME BEFORE INTEREST AND INCOME TAXES
    
8,114
    
(7,089
)
  
941
    
2,398
  
                           
NET INTEREST CHARGES:
                          
Interest expense
    
8,960
    
23
    
653
    
-
  
Capitalized interest
    
-
    
-
    
-
    
-
  
Subsidiaries' preferred stock dividends
    
-
    
-
    
-
    
-
  
Net interest charges
    
8,960
    
23
    
653
    
-
  
                           
INCOME TAXES
    
49
    
(3,204
)
  
(16,423
)
  
(15,280
)
                           
INCOME BEFORE DISCONTINUED OPERATIONS
    
(895
)
  
(3,908
)
  
16,711
    
17,678
  
                           
DISCONTINUED OPERATIONS
    
-
    
-
    
-
    
-
  
                           
NET INCOME
    
(895
)
  
(3,908
)
  
16,711
    
17,678
  
                           
PREFERRED STOCK DIVIDEND REQUIREMENTS
    
-
    
-
    
-
    
-
  
                           
   
$
(895
)
$
(3,908
 )
$
16,711
  
$
17,678
  
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           


58


               
5 of 7
  
FIRSTENERGY CORP. CONSOLIDATING INCOME STATEMENT
  
For the Year Ended December 31, 2004
  
(In thousands $)
  
           
GPU
      
           
Diversified
  
FirstEnergy
  
   
FirstEnergy
  
License
  
Holdings LLC
  
Telecom
  
   
Properties, Inc.
  
Holding Co.
  
Consolidated
  
Services, Inc.
  
                   
REVENUES
  
$
1,701
  
$
1
  
$
(1,816
)
$
16,587
  
                           
EXPENSES:
                          
Fuel and purchased power
    
-
    
-
    
-
    
-
  
Other operating expenses
    
(578
)
  
6
    
7,562
    
11,571
  
Provision for depreciation
    
263
    
-
    
-
    
1,900
  
Amortization of regulatory assets
    
-
    
-
    
-
    
-
  
Deferral of new regulatory assets
    
-
    
-
    
-
    
-
  
Goodwill impairment
    
-
    
-
    
-
    
-
  
General taxes
    
292
    
-
    
-
    
649
  
Total expenses
    
(23
)
  
6
    
7,562
    
14,120
  
                           
EQUITY IN SUBSIDIARY EARNINGS
    
-
    
-
    
-
    
-
  
                           
INCOME BEFORE INTEREST AND INCOME TAXES
    
1,724
    
(5
)
  
(9,378
)
  
2,467
  
                           
NET INTEREST CHARGES:
                          
Interest expense
    
767
    
-
    
-
    
495
  
Capitalized interest
    
-
    
-
    
-
    
18
  
Subsidiaries' preferred stock dividends
    
-
    
-
    
-
    
-
  
Net interest charges
    
767
    
-
    
-
    
513
  
                           
INCOME TAXES
    
454
    
(2
)
  
(2,815
)
  
915
  
                           
INCOME BEFORE DISCONTINUED OPERATIONS
    
503
    
(3
)
  
(6,563
)
  
1,039
  
                           
DISCONTINUED OPERATIONS
    
-
    
-
    
-
    
-
  
                           
NET INCOME
    
503
    
(3
)
  
(6,563
)
  
1,039
  
                           
PREFERRED STOCK DIVIDEND REQUIREMENTS
    
-
    
-
    
-
    
-
  
                           
EARNINGS ON COMMON STOCK
  
$
503
  
$
(3
)
$
(6,563
)
$
1,039
  
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           


59


               
6 of 7
  
FIRSTENERGY CORP. CONSOLIDATING INCOME STATEMENT
For the Year Ended December 31, 2004
(In thousands $)
                   
   
FirstEnergy
      
First
      
   
Service
  
GPU
  
Communications
      
   
Co.
  
Nuclear, Inc.
  
(B)
  
Eliminations
  
                   
REVENUES
  
$
537,107
  
$
5,743
  
$
39,992
  
$
(5,334,801
)
                           
EXPENSES:
                          
Fuel and purchased power
    
-
    
-
    
-
    
(3,795,130
)
Other operating expenses
    
486,400
    
5,973
    
36,992
    
(1,434,195
)
Provision for depreciation
    
34,736
    
-
    
-
    
(1
)
Amortization of regulatory assets
    
-
    
-
    
-
    
1
  
Deferral of new regulatory assets
    
-
    
-
    
-
    
-
  
Goodwill impairment
    
-
    
-
    
-
    
-
  
General taxes
    
17,538
    
-
    
53
    
-
  
Total expenses
    
538,674
    
5,973
    
37,045
    
(5,229,325
)
                           
EQUITY IN SUBSIDIARY EARNINGS
    
-
    
-
    
-
    
(1,084,597
)
                           
INCOME BEFORE INTEREST AND INCOME TAXES
    
(1,567
)
  
(230
)
  
2,947
    
(1,190,073
)
                           
NET INTEREST CHARGES:
                          
Interest expense
    
4,961
    
12
    
327
    
(104,558
)
Capitalized interest
    
(723
)
  
-
    
-
    
-
  
Subsidiaries' preferred stock dividends
    
-
    
-
    
-
    
18,853
  
Net interest charges
    
4,238
    
12
    
327
    
(85,705
)
                           
INCOME TAXES
    
(5,805
)
  
(242
)
  
-
    
-
  
                           
INCOME BEFORE DISCONTINUED OPERATIONS
    
-
    
-
    
2,620
    
(1,104,368
)
                           
DISCONTINUED OPERATIONS
    
-
    
-
    
-
    
-
  
                           
NET INCOME
    
-
    
-
    
2,620
    
(1,104,368
)
                           
PREFERRED STOCK DIVIDEND REQUIREMENTS
    
-
    
-
    
-
    
(18,854
)
                           
EARNINGS ON COMMON STOCK
  
$
-
  
$
-
  
$
2,620
  
$
(1,085,514
)
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
(B) Includes elimination of 35% non-affiliated interest in First Communications LLC.



60


       7 of 7
FIRSTENERGY CORP. CONSOLIDATING INCOME STATEMENT
For the Year Ended December 31, 2004
(In thousands $)
           
   
FirstEnergy
      
   
Corp.
      
   
Consolidated
      
           
REVENUES
  
$
12,453,045
        
               
EXPENSES:
              
Fuel and purchased power
    
4,469,484
        
Other operating expenses
    
3,558,675
        
Provision for depreciation
    
589,652
        
Amortization of regulatory assets
    
1,166,323
        
Deferral of new regulatory assets
    
(256,795
)
      
Goodwill impairment
    
36,471
        
General taxes
    
677,757
        
Total expenses
    
10,241,567
        
               
EQUITY IN SUBSIDIARY EARNINGS
    
-
        
               
INCOME BEFORE INTEREST AND INCOME TAXES
    
2,211,478
        
               
NET INTEREST CHARGES:
              
Interest expense
    
670,945
        
Capitalized interest
    
(25,581
)
      
Subsidiaries' preferred stock dividends
    
21,413
        
Net interest charges
    
666,777
        
               
INCOME TAXES
    
670,922
        
               
INCOME BEFORE DISCONTINUED OPERATIONS
    
873,779
        
               
DISCONTINUED OPERATIONS
    
4,396
        
               
NET INCOME
    
878,175
        
               
PREFERRED STOCK DIVIDEND REQUIREMENTS
    
-
        
               
EARNINGS ON COMMON STOCK
  
$
878,175
        
               
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.





61


               
1 of 14
  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
As of December 31, 2004
(In thousands $)
                   
   
FirstEnergy
  
Ohio
  
Cleveland
  
Toledo
  
   
Holding
  
Edison
  
Electric
  
Edison
  
ASSETS
  
Company
  
Consolidated
  
Consolidated
  
Consolidated
  
                   
CURRENT ASSETS:
                  
Cash and cash equivalents
  
$
100
  
$
1,230
  
$
197
  
$
15
  
Receivables-
                          
Customers
    
-
    
274,304
    
11,537
    
4,858
  
Associated companies
    
44,642
    
245,148
    
33,414
    
36,570
  
Other
    
12,873
    
18,385
    
152,785
    
3,842
  
Notes receivable from associated companies
    
922,031
    
538,871
    
521
    
135,683
  
Material and supplies-
                          
Owned
    
-
    
90,072
    
58,922
    
40,280
  
Under consignment
    
-
    
-
    
-
    
-
  
Prepayments and other
    
25,278
    
13,104
    
2,136
    
1,150
  
     
1,004,924
    
1,181,114
    
259,512
    
222,398
  
                           
PROPERTY, PLANT AND EQUIPMENT:
                          
In service
    
-
    
5,440,374
    
4,418,313
    
1,856,478
  
Less--Accumulated provision for depreciation
    
-
    
(2,716,851
)
  
(1,961,737
)
  
(778,864
)
     
-
    
2,723,523
    
2,456,576
    
1,077,614
  
Construction work in progress
    
-
    
224,861
    
116,085
    
74,533
  
     
-
    
2,948,384
    
2,572,661
    
1,152,147
  
                           
INVESTMENTS:
                          
Nuclear plant decommissioning trusts
    
-
    
436,134
    
383,875
    
297,803
  
Investment in lease obligation bonds
    
-
    
354,707
    
596,645
    
-
  
Non utility generation trusts
    
-
    
-
    
-
    
-
  
Nuclear fuel disposal trust
    
-
    
-
    
-
    
-
  
Long-term notes receivable from associated companies
    
55,596
    
208,170
    
97,489
    
39,975
  
Other
    
12,230,771
    
48,579
    
17,001
    
192,723
  
     
12,286,367
    
1,047,590
    
1,095,010
    
530,501
  
                           
DEFERRED CHARGES:
                          
Regulatory assets
    
-
    
1,115,627
    
958,986
    
374,814
  
Goodwill
    
-
    
-
    
1,693,629
    
504,522
  
Accumulated Deferred Income Taxes Assets
    
67,355
    
-
    
-
    
-
  
Property taxes
    
-
    
61,419
    
77,792
    
24,100
  
Unamortized sale and leaseback costs
    
-
    
60,242
    
5,461
    
12,759
  
Other
    
47,480
    
68,275
    
27,414
    
12,665
  
     
114,835
    
1,305,563
    
2,763,282
    
928,860
  
                           
TOTAL ASSETS
  
$
13,406,126
  
$
6,482,651
  
$
6,690,465
  
$
2,833,906
  
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.




62


               
2 of 14
  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
  
As of December 31, 2004
  
(In thousands $)
  
                   
       
Jersey
          
   
American
  
Central
  
Metropolitan
  
Pennsylvania
  
   
Transmission
  
Power & Light
  
Edison
  
Electric
  
ASSETS
  
Systems, Inc.
  
Consolidated
  
Consolidated
  
Consolidated
  
                   
CURRENT ASSETS:
                          
Cash and cash equivalents
  
$
-
  
$
162
  
$
120
  
$
36
  
Receivables-
                          
Customers
    
18,321
    
201,415
    
119,858
    
121,112
  
Associated companies
    
4,230
    
86,531
    
118,245
    
97,528
  
Other
    
1,719
    
39,898
    
15,493
    
12,778
  
Notes receivable from associated companies
    
97,965
    
-
    
18,769
    
7,352
  
Material and supplies-
                          
Owned
    
-
    
2,435
    
98
    
-
  
Under consignment
    
-
    
-
    
-
    
-
  
Prepayments and other
    
606
    
31,489
    
10,959
    
7,198
  
     
122,841
    
361,930
    
283,542
    
246,004
  
                           
PROPERTY, PLANT AND EQUIPMENT:
                          
In service
    
1,273,660
    
3,730,767
    
1,800,569
    
1,981,846
  
Less--Accumulated provision for depreciation
    
(701,241
)
  
(1,380,775
)
  
(709,895
)
  
(776,904
)
     
572,419
    
2,349,992
    
1,090,674
    
1,204,942
  
Construction work in progress
    
45,399
    
75,012
    
21,735
    
22,816
  
     
617,818
    
2,425,004
    
1,112,409
    
1,227,758
  
                           
INVESTMENTS:
                          
Nuclear plant decommissioning trusts
    
-
    
138,205
    
216,951
    
109,620
  
Investment in lease obligation bonds
    
-
    
-
    
-
    
-
  
Non utility generation trusts
    
-
    
-
    
-
    
95,991
  
Nuclear fuel disposal trust
    
-
    
159,696
    
-
    
-
  
Long-term notes receivable from associated companies
    
-
    
20,436
    
10,453
    
14,001
  
Other
    
2
    
19,379
    
34,767
    
18,746
  
     
2
    
337,716
    
262,171
    
238,358
  
                           
DEFERRED CHARGES:
                          
Regulatory assets
    
12,833
    
2,176,520
    
693,133
    
200,173
  
Goodwill
    
-
    
1,985,036
    
869,585
    
888,011
  
Accumulated Deferred Income Taxes Assets
    
-
    
-
    
-
    
-
  
Property taxes
    
30,773
    
-
    
-
    
-
  
Unamortized sale and leaseback costs
    
-
    
-
    
-
    
-
  
Other
    
593
    
4,978
    
24,438
    
13,448
  
     
44,199
    
4,166,534
    
1,587,156
    
1,101,632
  
                           
TOTAL ASSETS
  
$
784,860
  
$
7,291,184
  
$
3,245,278
  
$
2,813,752
  
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.



63


           
3 of 14
  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
  
As of December 31, 2004
  
(In thousands $)
  
                   
   
FirstEnergy
          
MARBEL
  
   
Facilities
  
FirstEnergy
  
FirstEnergy
  
Energy
  
   
Services
  
Solutions
  
Nuclear
  
Corporation
  
ASSETS
  
Consolidated
  
Consolidated
  
Operating Co.
  
Consolidated
  
                   
CURRENT ASSETS:
                          
Cash and cash equivalents
  
$
8,410
  
$
9,508
  
$
3
  
$
-
  
Receivables-
                          
Customers
    
-
    
166,088
    
-
    
-
  
Associated companies
    
418
    
201,942
    
181,292
    
225
  
Other
    
95,032
    
5,551
    
2,364
    
-
  
Notes receivable from associated companies
    
-
    
-
    
-
    
133,538
  
Material and supplies-
                          
Owned
    
6,957
    
100,400
    
-
    
-
  
Under consignment
    
-
    
81,075
    
-
    
-
  
Prepayments and other
    
3,402
    
11,518
    
2,081
    
-
  
     
114,219
    
576,082
    
185,740
    
133,763
  
                           
PROPERTY, PLANT AND EQUIPMENT:
                          
In service
    
429
    
965,277
    
-
    
-
  
Less--Accumulated provision for depreciation
    
(268
)
  
(79,589
)
  
-
    
-
  
     
161
    
885,688
    
-
    
-
  
Construction work in progress
    
1
    
89,159
    
673
    
-
  
     
162
    
974,847
    
673
    
-
  
                           
INVESTMENTS:
                          
Nuclear plant decommissioning trusts
    
-
    
-
    
-
    
-
  
Investment in lease obligation bonds
    
-
    
-
    
-
    
-
  
Non utility generation trusts
    
-
    
-
    
-
    
-
  
Nuclear fuel disposal trust
    
-
    
-
    
-
    
-
  
Long-term notes receivable from associated companies
    
-
    
-
    
-
    
-
  
Other
    
21,333
    
56,637
    
-
    
5
  
     
21,333
    
56,637
    
-
    
5
  
                           
DEFERRED CHARGES:
                          
Regulatory assets
    
-
    
-
    
-
    
-
  
Goodwill
    
-
    
26,224
    
-
    
-
  
Accumulated Deferred Income Taxes Assets
    
38,843
    
-
    
55,557
    
-
  
Property taxes
    
-
    
8,072
    
-
    
-
  
Unamortized sale and leaseback costs
    
-
    
-
    
-
    
-
  
Other
    
-
    
160,941
    
1,114
    
19,512
  
     
38,843
    
195,237
    
56,671
    
19,512
  
                           
TOTAL ASSETS
  
$
174,557
  
$
1,802,803
  
$
243,084
  
$
153,280
  
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
  



64


               
4 of 14
  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
  
As of December 31, 2004
  
(In thousands $)
  
                   
   
FirstEnergy
  
MYR
  
GPU
  
GPU
  
   
Ventures
  
Group Inc.
  
Power, Inc.
  
Capital, Inc.
  
ASSETS
  
Consolidated
  
Consolidated
  
Consolidated
  
Consolidated
  
                   
CURRENT ASSETS:
                          
Cash and cash equivalents
  
$
-
  
$
12,285
  
$
1,094
  
$
2,500
  
Receivables-
                          
Customers
    
-
    
61,748
    
-
    
-
  
Associated companies
    
11,562
    
-
    
2,500
    
342
  
Other
    
3,168
    
35
    
4,255
    
14
  
Notes receivable from associated companies
    
51,090
    
4,143
    
38,255
    
400,589
  
Material and supplies-
                          
Owned
    
551
    
-
    
-
    
-
  
Under consignment
    
-
    
-
    
-
    
-
  
Prepayments and other
    
2,236
    
22,986
    
-
    
-
  
     
68,607
    
101,197
    
46,104
    
403,445
  
                           
PROPERTY, PLANT AND EQUIPMENT:
                          
In service
    
204,099
    
-
    
-
    
-
  
Less--Accumulated provision for depreciation
    
(31,634
)
  
-
    
-
    
-
  
     
172,465
    
-
    
-
    
-
  
Construction work in progress
    
-
    
-
    
-
    
-
  
     
172,465
    
-
    
-
    
-
  
                           
INVESTMENTS:
                          
Nuclear plant decommissioning trusts
    
-
    
-
    
-
    
-
  
Investment in lease obligation bonds
    
-
    
-
    
-
    
-
  
Non utility generation trusts
    
-
    
-
    
-
    
-
  
Nuclear fuel disposal trust
    
-
    
-
    
-
    
-
  
Long-term notes receivable from associated companies
    
-
    
-
    
-
    
-
  
Other
    
32,005
    
14,656
    
-
    
-
  
     
32,005
    
14,656
    
-
    
-
  
                           
DEFERRED CHARGES:
                          
Regulatory assets
    
-
    
-
    
-
    
-
  
Goodwill
    
68
    
63,136
    
-
    
-
  
Accumulated Deferred Income Taxes Assets
    
-
    
1,059
    
-
    
-
  
Property taxes
    
-
    
-
    
-
    
-
  
Unamortized sale and leaseback costs
    
-
    
-
    
-
    
-
  
Other
    
2,824
    
-
    
-
    
-
  
     
2,892
    
64,195
    
-
    
-
  
                           
TOTAL ASSETS
  
$
275,969
  
$
180,048
  
$
46,104
  
$
403,445
  
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.




65


               
5 of 14
  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
  
As of December 31, 2004
  
(In thousands $)
  
                   
           
GPU
      
           
Diversified
  
FirstEnergy
  
   
FirstEnergy
  
License
  
Holdings LLC
  
Telecom
  
ASSETS
  
Properties, Inc.
  
Holding Co.
  
Consolidated
  
Services, Inc.
  
                   
CURRENT ASSETS:
                          
Cash and cash equivalents
  
$
100
  
$
-
  
$
-
  
$
100
  
Receivables-
                          
Customers
    
-
    
-
    
-
    
-
  
Associated companies
    
519
    
-
    
2,666
    
269
  
Other
    
11
    
-
    
-
    
1,424
  
Notes receivable from associated companies
    
24,438
    
44
    
1,557
    
-
  
Material and supplies-
                          
Owned
    
-
    
-
    
-
    
3,045
  
Under consignment
    
-
    
-
    
-
    
-
  
Prepayments and other
    
516
    
-
    
-
    
1,562
  
     
25,584
    
44
    
4,223
    
6,400
  
                           
PROPERTY, PLANT AND EQUIPMENT:
                          
In service
    
19,140
    
-
    
-
    
25,216
  
Less--Accumulated provision for depreciation
    
(2,820
)
  
-
    
-
    
(4,474
)
     
16,320
    
-
    
-
    
20,742
  
Construction work in progress
    
-
    
-
    
-
    
199
  
     
16,320
    
-
    
-
    
20,941
  
                           
INVESTMENTS:
                          
Nuclear plant decommissioning trusts
    
-
    
-
    
-
    
-
  
Investment in lease obligation bonds
    
-
    
-
    
-
    
-
  
Non utility generation trusts
    
-
    
-
    
-
    
-
  
Nuclear fuel disposal trust
    
-
    
-
    
-
    
-
  
Long-term notes receivable from associated companies
    
-
    
-
    
-
    
-
  
Other
    
569
    
-
    
10,866
    
7,756
  
     
569
    
-
    
10,866
    
7,756
  
                           
DEFERRED CHARGES:
                          
Regulatory assets
    
-
    
-
    
-
    
-
  
Goodwill
    
-
    
-
    
-
    
204
  
Accumulated Deferred Income Taxes Assets
    
208
    
3
    
497
    
6,986
  
Property taxes
    
-
    
-
    
-
    
-
  
Unamortized sale and leaseback costs
    
-
    
-
    
-
    
-
  
Other
    
77
    
-
    
4,250
    
350
  
     
285
    
3
    
4,747
    
7,540
  
                           
TOTAL ASSETS
  
$
42,758
  
$
47
  
$
19,836
  
$
42,637
  
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.



66


             
6 of 14
  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
As of December 31, 2004
(In thousands $)
 
   
FirstEnergy
              
   
Service
  
GPU
  
First
      
ASSETS
  
Co.
  
Nuclear, Inc.
  
Communications
  
Eliminations
  
                   
CURRENT ASSETS:
                          
Cash and cash equivalents
  
$
15,125
  
$
48
  
$
1,908
  
$
-
  
Receivables-
                          
Customers
    
1
    
-
    
-
    
-
  
Associated companies
    
336,315
    
866
    
12
    
(1,405,236
)
Other
    
1,383
    
131
    
6,054
    
-
  
Notes receivable from associated companies
    
2,600,492
    
2,123
    
-
    
(4,977,461
)
Material and supplies-
                          
Owned
    
60,787
    
-
    
-
    
-
  
Under consignment
    
13,151
    
-
    
-
    
-
  
Prepayments and other
    
8,853
    
17
    
105
    
-
  
     
3,036,107
    
3,185
    
8,079
    
(6,382,697
)
                           
PROPERTY, PLANT AND EQUIPMENT:
                          
In service
    
326,512
    
-
    
-
    
170,538
  
Less--Accumulated provision for depreciation
    
(165,768
)
  
-
    
-
    
(102,910
)
     
160,744
    
-
    
-
    
67,628
  
Construction work in progress
    
8,395
    
-
    
-
    
-
  
     
169,139
    
-
    
-
    
67,628
  
                           
INVESTMENTS:
                          
Nuclear plant decommissioning trusts
    
-
    
-
    
-
    
-
  
Investment in lease obligation bonds
    
-
    
-
    
-
    
-
  
Non utility generation trusts
    
-
    
-
    
-
    
-
  
Nuclear fuel disposal trust
    
-
    
-
    
-
    
-
  
Long-term notes receivable from associated companies
    
-
    
-
    
-
    
(446,120
)
Other
    
165,081
    
-
    
1,849
    
(12,388,386
)
     
165,081
    
-
    
1,849
    
(12,834,506
)
                           
DEFERRED CHARGES:
                          
Regulatory assets
    
-
    
-
    
-
    
1
  
Goodwill
    
-
    
-
    
9,788
    
10,074
  
Accumulated Deferred Income Taxes Assets
    
74,268
    
1,631
    
125
    
(246,532
)
Property taxes
    
-
    
-
    
-
    
-
  
Unamortized sale and leaseback costs
    
-
    
-
    
-
    
-
  
Other
    
49,070
    
-
    
257
    
2,607
  
     
123,338
    
1,631
    
10,170
    
(233,850
)
                           
TOTAL ASSETS
  
$
3,493,665
  
$
4,816
  
$
20,098
  
$
(19,383,425
)
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           



67


           
       7 of 14  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
  
As of December 31, 2004
  
(In thousands $)
  
           
   
FirstEnergy
      
   
Corp.
      
ASSETS
  
Consolidated
      
           
CURRENT ASSETS:
          
Cash and cash equivalents
  
$
52,941
        
Receivables-
              
Customers
    
979,242
        
Associated companies
    
-
        
Other
    
377,195
        
Notes receivable from associated companies
    
-
        
Material and supplies-
              
Owned
    
363,547
        
Under consignment
    
94,226
        
Prepayments and other
    
145,196
        
     
2,012,347
        
               
PROPERTY, PLANT AND EQUIPMENT:
              
In service
    
22,213,218
        
Less--Accumulated provision for depreciation
    
(9,413,730
)
      
     
12,799,488
        
Construction work in progress
    
678,868
        
     
13,478,356
        
               
INVESTMENTS:
              
Nuclear plant decommissioning trusts
    
1,582,588
        
Investment in lease obligation bonds
    
951,352
        
Non utility generation trusts
    
95,991
        
Nuclear fuel disposal trust
    
159,696
        
Long-term notes receivable from associated companies
    
-
        
Other
    
484,339
        
     
3,273,966
        
               
DEFERRED CHARGES:
              
Regulatory assets
    
5,532,087
        
Goodwill
    
6,050,277
        
Accumulated Deferred Income Taxes Assets
    
-
        
Property taxes
    
202,156
        
Unamortized sale and leaseback costs
    
78,462
        
Other
    
440,293
        
     
12,303,275
        
               
TOTAL ASSETS
  
$
31,067,944
        
               
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.



68


               
8 of 14
  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
  
As of December 31, 2004
  
(In thousands $)
  
                   
   
FirstEnergy
  
Ohio
  
Cleveland
  
Toledo
  
   
Holding
  
Edison
  
Electric
  
Edison
  
LIABILITIES AND CAPITALIZATION
  
Company
  
Consolidated
  
Consolidated
  
Consolidated
  
                   
CURRENT LIABILITIES:
                  
Currently payable long-term debt
  
$
300,000
  
$
398,263
  
$
76,701
  
$
90,950
  
Short-term borrowings
    
-
    
167,007
    
-
    
-
  
Notes payable to associated companies
    
-
    
11,852
    
488,633
    
429,517
  
Accounts payable-
                          
Other
    
-
    
10,582
    
9,271
    
2,247
  
Associated companies
    
60,850
    
187,921
    
150,141
    
110,047
  
Accrued taxes
    
15,607
    
153,400
    
129,454
    
46,957
  
Accrued interest
    
37,062
    
11,992
    
22,102
    
3,331
  
Lease market valuation liability
    
-
    
-
    
60,200
    
24,600
  
Other
    
139,305
    
62,671
    
61,131
    
49,724
  
     
552,824
    
1,003,688
    
997,633
    
757,373
  
                           
CAPITALIZATION:
                          
Common stockholders' equity
    
8,579,221
    
2,493,809
    
1,853,561
    
835,327
  
Preferred stock of consolidated subsidiaries--
                          
Not subject to mandatory redemption
    
-
    
100,070
    
96,404
    
126,000
  
Long-term debt and other long-term obligations
    
4,239,356
    
1,114,914
    
1,970,117
    
300,299
  
     
12,818,577
    
3,708,793
    
3,920,082
    
1,261,626
  
                           
NONCURRENT LIABILITIES:
                          
Accumulated deferred income taxes
    
-
    
766,276
    
540,211
    
221,950
  
Accumulated deferred investment tax credits
    
-
    
62,471
    
60,901
    
25,102
  
Asset retirement obligations
    
-
    
339,134
    
272,123
    
194,315
  
Nuclear fuel disposal costs
    
-
    
-
    
-
    
28,229
  
Power purchase contract loss liability
    
-
    
-
    
-
    
-
  
Retirement benefits
    
11,862
    
307,880
    
82,306
    
39,227
  
Lease market valuation liability
    
-
    
-
    
668,200
    
268,000
  
Regulatory liability
    
-
    
18,454
    
-
    
-
  
Other
    
22,863
    
275,955
    
149,009
    
38,084
  
     
34,725
    
1,770,170
    
1,772,750
    
814,907
  
                           
TOTAL LIABILITIES AND CAPITALIZATION
  
$
13,406,126
  
$
6,482,651
  
$
6,690,465
  
$
2,833,906
  
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
  
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           



69


               
9 of 14
  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
  
As of December 31, 2004
  
(In thousands $)
  
       
Jersey
          
   
American
  
Central
  
Metropolitan
  
Pennsylvania
  
   
Transmission
  
Power & Light
  
Edison
  
Electric
  
LIABILITIES AND CAPITALIZATION
  
Systems, Inc.
  
Consolidated
  
Consolidated
  
Consolidated
  
                   
CURRENT LIABILITIES:
                  
Currently payable long-term debt
  
$
-
  
$
16,866
  
$
30,435
  
$
8,248
  
Short-term borrowings
    
-
    
-
    
-
    
-
  
Notes payable to associated companies
    
2,138
    
248,532
    
80,090
    
241,496
  
Accounts payable-
                          
Other
    
-
    
124,733
    
26,097
    
25,960
  
Associated companies
    
22,849
    
20,605
    
88,879
    
56,154
  
Accrued taxes
    
38,052
    
2,626
    
11,957
    
7,999
  
Accrued interest
    
-
    
10,359
    
11,618
    
9,695
  
Lease market valuation liability
    
-
    
-
    
-
    
-
  
Other
    
819
    
65,130
    
23,076
    
23,750
  
     
63,858
    
488,851
    
272,152
    
373,302
  
                           
CAPITALIZATION:
                          
Common stockholders' equity
    
295,420
    
3,155,362
    
1,285,419
    
1,305,015
  
Preferred stock of consolidated subsidiaries--
                          
Not subject to mandatory redemption
    
-
    
12,649
    
-
    
-
  
Long-term debt and other long-term obligations
    
330,018
    
1,238,984
    
701,736
    
481,871
  
     
625,438
    
4,406,995
    
1,987,155
    
1,786,886
  
                           
NONCURRENT LIABILITIES:
                          
Accumulated deferred income taxes
    
45,106
    
645,741
    
305,389
    
37,318
  
Accumulated deferred investment tax credits
    
12,783
    
6,124
    
10,868
    
8,917
  
Asset retirement obligations
    
-
    
72,655
    
132,887
    
66,443
  
Nuclear fuel disposal costs
    
-
    
169,884
    
38,408
    
19,204
  
Power purchase contract loss liability
    
-
    
1,268,478
    
349,980
    
382,548
  
Retirement benefits
    
459
    
103,036
    
82,218
    
118,247
  
Lease market valuation liability
    
-
    
-
    
-
    
-
  
Regulatory liability
    
-
    
-
    
-
    
-
  
Other
    
37,216
    
129,420
    
66,221
    
20,887
  
     
95,564
    
2,395,338
    
985,971
    
653,564
  
                           
TOTAL LIABILITIES AND CAPITALIZATION
  
$
784,860
  
$
7,291,184
  
$
3,245,278
  
$
2,813,752
  
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
  
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
  
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           




70


               
10 of 14
  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
  
As of December 31, 2004
  
(In thousands $)
  
                   
   
FirstEnergy
          
MARBEL
  
   
Facilities
  
FirstEnergy
  
FirstEnergy
  
Energy
  
   
Services
  
Solutions
  
Nuclear
  
Corporation
  
LIABILITIES AND CAPITALIZATION
  
Consolidated
  
Consolidated
  
Operating Co.
  
Consolidated
  
                   
CURRENT LIABILITIES:
                  
Currently payable long-term debt
  
$
500
  
$
15,000
  
$
-
  
$
-
  
Short-term borrowings
    
3,481
    
-
    
-
    
-
  
Notes payable to associated companies
    
8,877
    
1,090,134
    
58,559
    
-
  
Accounts payable-
                          
Other
    
45,314
    
180,393
    
75,521
    
2,869
  
Associated companies
    
95
    
155,481
    
717
    
24
  
Accrued taxes
    
2,573
    
70,183
    
5,647
    
9,035
  
Accrued interest
    
-
    
63
    
-
    
-
  
Lease market valuation liability
    
-
    
-
    
-
    
-
  
Other
    
16,123
    
49,387
    
65,006
    
-
  
     
76,963
    
1,560,641
    
205,450
    
11,928
  
                           
CAPITALIZATION:
                          
Common stockholders' equity
    
90,753
    
170,247
    
(11,200
)
  
141,151
  
Preferred stock of consolidated subsidiaries--
                          
Not subject to mandatory redemption
    
-
    
-
    
-
    
-
  
Long-term debt and other long-term obligations
    
6,841
    
(70
)
  
-
    
-
  
     
97,594
    
170,177
    
(11,200
)
  
141,151
  
                           
NONCURRENT LIABILITIES:
                          
Accumulated deferred income taxes
    
-
    
391
    
-
    
-
  
Accumulated deferred investment tax credits
    
-
    
-
    
-
    
-
  
Asset retirement obligations
    
-
    
-
    
-
    
-
  
Nuclear fuel disposal costs
    
-
    
-
    
-
    
-
  
Power purchase contract loss liability
    
-
    
-
    
-
    
-
  
Retirement benefits
    
-
    
56,215
    
48,706
    
-
  
Lease market valuation liability
    
-
    
-
    
-
    
-
  
Regulatory liability
    
-
    
-
    
-
    
-
  
Other
    
-
    
15,379
    
128
    
201
  
     
-
    
71,985
    
48,834
    
201
  
                           
TOTAL LIABILITIES AND CAPITALIZATION
  
$
174,557
  
$
1,802,803
  
$
243,084
  
$
153,280
  
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           




71


               
11 of 14
  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
  
As of December 31, 2004
  
(In thousands $)
  
                   
   
FirstEnergy
  
MYR
  
GPU
  
GPU
  
   
Ventures
  
Group Inc.
  
Power, Inc.
  
Capital, Inc.
  
LIABILITIES AND CAPITALIZATION
  
Consolidated
  
Consolidated
  
Consolidated
  
Consolidated
  
                   
CURRENT LIABILITIES:
                  
Currently payable long-term debt
  
$
3,702
  
$
-
  
$
-
  
$
-
  
Short-term borrowings
    
-
    
-
    
-
    
-
  
Notes payable to associated companies
    
1,128
    
-
    
-
    
65,921
  
Accounts payable-
                          
Other
    
463
    
12,202
    
38
    
-
  
Associated companies
    
8,298
    
1,430
    
16
    
2,873
  
Accrued taxes
    
1,468
    
-
    
7,512
    
156,876
  
Accrued interest
    
2,862
    
-
    
-
    
-
  
Lease market valuation liability
    
-
    
-
    
-
    
-
  
Other
    
26
    
38,826
    
382
    
-
  
     
17,947
    
52,458
    
7,948
    
225,670
  
                           
CAPITALIZATION:
                          
Common stockholders' equity
    
110,446
    
127,434
    
37,874
    
175,400
  
Preferred stock of consolidated subsidiaries--
                          
Not subject to mandatory redemption
    
-
    
-
    
-
    
-
  
Long-term debt and other long-term obligations
    
134,029
    
-
    
-
    
-
  
     
244,475
    
127,434
    
37,874
    
175,400
  
                           
NONCURRENT LIABILITIES:
                          
Accumulated deferred income taxes
    
7,965
    
-
    
282
    
-
  
Accumulated deferred investment tax credits
    
-
    
-
    
-
    
-
  
Asset retirement obligations
    
-
    
-
    
-
    
-
  
Nuclear fuel disposal costs
    
-
    
-
    
-
    
-
  
Power purchase contract loss liability
    
-
    
-
    
-
    
-
  
Retirement benefits
    
-
    
-
    
-
    
-
  
Lease market valuation liability
    
-
    
-
    
-
    
-
  
Regulatory liability
    
-
    
-
    
-
    
-
  
Other
    
5,582
    
156
    
-
    
2,375
  
     
13,547
    
156
    
282
    
2,375
  
                           
TOTAL LIABILITIES AND CAPITALIZATION
  
$
275,969
  
$
180,048
  
$
46,104
  
$
403,445
  
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           




72


               
12 of 14
  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
  
As of December 31, 2004
  
(In thousands $)
  
                   
           
GPU
      
           
Diversified
  
FirstEnergy
  
   
FirstEnergy
  
License
  
Holdings LLC
  
Telecom
  
LIABILITIES AND CAPITALIZATION
  
Properties, Inc.
  
Holding Co.
  
Consolidated
  
Services, Inc.
  
                   
CURRENT LIABILITIES:
                  
Currently payable long-term debt
  
$
280
  
$
-
  
$
-
  
$
-
  
Short-term borrowings
    
-
    
-
    
-
    
-
  
Notes payable to associated companies
    
-
    
-
    
-
    
26,108
  
Accounts payable-
                          
Other
    
34
    
-
    
-
    
411
  
Associated companies
    
-
    
-
    
-
    
1,948
  
Accrued taxes
    
446
    
15
    
-
    
741
  
Accrued interest
                      
36
  
Lease market valuation liability
    
-
    
-
    
-
    
-
  
Other
    
-
    
-
    
-
    
2,486
  
     
760
    
15
    
-
    
31,730
  
                           
CAPITALIZATION:
                          
Common stockholders' equity
    
33,037
    
32
    
19,836
    
(5,751
)
Preferred stock of consolidated subsidiaries--
                          
Not subject to mandatory redemption
    
-
    
-
    
-
    
-
  
Long-term debt and other long-term obligations
    
8,902
    
-
    
-
    
-
  
     
41,939
    
32
    
19,836
    
(5,751
)
                           
NONCURRENT LIABILITIES:
                          
Accumulated deferred income taxes
    
-
    
-
    
-
    
-
  
Accumulated deferred investment tax credits
    
-
    
-
    
-
    
-
  
Asset retirement obligations
    
-
    
-
    
-
    
-
  
Nuclear fuel disposal costs
    
-
    
-
    
-
    
-
  
Power purchase contract loss liability
    
-
    
-
    
-
    
-
  
Retirement benefits
    
-
    
-
    
-
    
-
  
Lease market valuation liability
    
-
    
-
    
-
    
-
  
Regulatory liability
    
-
    
-
    
-
    
-
  
Other
    
59
    
-
    
-
    
16,658
  
     
59
    
-
    
-
    
16,658
  
                           
TOTAL LIABILITIES AND CAPITALIZATION
  
$
42,758
  
$
47
  
$
19,836
  
$
42,637
  
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           




73


               
13 of 14
  
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
As of December 31, 2004
(In thousands $)
  
                   
   
FirstEnergy
              
   
Service
  
GPU
  
First
      
LIABILITIES AND CAPITALIZATION
  
Co.
  
Nuclear, Inc.
  
Communications
  
Eliminations
  
                   
CURRENT LIABILITIES:
                  
Currently payable long-term debt
  
$
-
  
$
-
  
$
-
  
$
(1
)
Short-term borrowings
    
-
    
-
    
-
    
1
  
Notes payable to associated companies
    
2,224,476
    
-
    
-
    
(4,977,461
)
Accounts payable-
                          
Other
    
90,910
    
-
    
3,544
    
-
  
Associated companies
    
400,390
    
752
    
52
    
(1,269,522
)
Accrued taxes
    
129,824
    
2,462
    
100
    
(135,715
)
Accrued interest
    
663
    
984
    
-
    
-
  
Lease market valuation liability
    
-
    
-
    
-
    
-
  
Other
    
133,300
    
-
    
2,522
    
(37
)
     
2,979,563
    
4,198
    
6,218
    
(6,382,735
)
                           
CAPITALIZATION:
                          
Common stockholders' equity
    
4,624
    
50
    
8,629
    
(12,116,402
)
Preferred stock of consolidated subsidiaries--
                          
Not subject to mandatory redemption
    
-
    
-
    
-
    
-
  
Long-term debt and other long-term obligations
    
116,101
    
-
    
5,000
    
(634,749
)
     
120,725
    
50
    
13,629
    
(12,751,151
)
                           
NONCURRENT LIABILITIES:
                          
Accumulated deferred income taxes
    
-
    
-
    
-
    
(246,532
)
Accumulated deferred investment tax credits
    
-
    
-
    
-
    
-
  
Asset retirement obligations
    
-
    
-
    
-
    
-
  
Nuclear fuel disposal costs
    
-
    
-
    
-
    
-
  
Power purchase contract loss liability
    
-
    
-
    
-
    
-
  
Retirement benefits
    
388,817
    
-
    
-
    
-
  
Lease market valuation liability
    
-
    
-
    
-
    
-
  
Regulatory liability
    
-
    
-
    
-
    
-
  
Other
    
4,560
    
568
    
251
    
(3,007
)
     
393,377
    
568
    
251
    
(249,539
)
                           
TOTAL LIABILITIES AND CAPITALIZATION
  
$
3,493,665
  
$
4,816
  
$
20,098
  
$
(19,383,425
)
                           
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
  
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
  
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           
                           




74


   
 14 of 14
FIRSTENERGY CORP. CONSOLIDATING BALANCE SHEET
As of December 31, 2004
(In thousands $)
           
   
FirstEnergy
      
   
Corp.
      
LIABILITIES AND CAPITALIZATION
  
Consolidated
      
           
CURRENT LIABILITIES:
          
Currently payable long-term debt
  
$
940,944
        
Short-term borrowings
    
170,489
        
Notes payable to associated companies
    
-
        
Accounts payable-
              
Other
    
610,589
        
Associated companies
    
-
        
Accrued taxes
    
657,219
        
Accrued interest
    
110,767
        
Lease market valuation liability
    
84,800
        
Other
    
733,627
        
     
3,308,435
        
               
CAPITALIZATION:
              
Common stockholders' equity
    
8,589,294
        
Preferred stock of consolidated subsidiaries--
              
Not subject to mandatory redemption
    
335,123
        
Long-term debt and other long-term obligations
    
10,013,349
        
     
18,937,766
        
               
NONCURRENT LIABILITIES:
              
Accumulated deferred income taxes
    
2,324,097
        
Accumulated deferred investment tax credits
    
187,166
        
Asset retirement obligations
    
1,077,557
        
Nuclear fuel disposal costs
    
255,725
        
Power purchase contract loss liability
    
2,001,006
        
Retirement benefits
    
1,238,973
        
Lease market valuation liability
    
936,200
        
Regulatory liability
    
18,454
        
Other
    
782,565
        
     
8,821,743
        
               
TOTAL LIABILITIES AND CAPITALIZATION
  
$
31,067,944
        
               
The Notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual
  
reports on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
    
               


75



               
1 of 7
  
FIRSTENERGY CORP. CONSOLIDATING STATEMENT OF RETAINED EARNINGS
For the Year Ended December 31, 2004
(In thousands $)
                   
   
FirstEnergy
  
Ohio
  
Cleveland
  
Toledo
  
   
Holding
  
Edison
  
Electric
  
Edison
  
   
Company
  
Consolidated
  
Consolidated
  
Consolidated
  
                   
RETAINED EARNINGS:
                  
Balance - Beginning of Period
  
$
1,604,385
  
$
522,934
  
$
494,212
  
$
113,620
  
                           
Net Income
    
878,175
    
342,766
    
236,531
    
86,283
  
                           
Cash Dividends on Common Stock
    
(490,529
)
  
(421,000
)
  
(170,000
)
  
-
  
                           
Common Stock Dividends Declared in 2004 payable in 2005
    
(135,168
)
  
-
    
-
    
-
  
                           
Preferred Stock Dividends Declared
    
-
    
(2,502
)
  
(7,003
)
  
(8,844
)
                           
Other
    
-
    
-
    
-
    
-
  
                           
Balance - End of Period
  
$
1,856,863
  
$
442,198
  
$
553,740
  
$
191,059
  
                           
                           
                           
ACCUMULATED OTHER COMPREHENSIVE INCOME:
                          
Balance - Beginning of Period
  
$
(352,649
)
$
(38,693
)
$
2,653
  
$
11,672
  
                           
Unrealized gain on investments and derivative hedges
    
39,537
    
(873
)
  
11,450
    
7,253
  
                           
Minimum liability for unfunded retirement benefits
    
-
    
(7,552
)
  
3,756
    
1,114
  
                           
Balance - End of Period
  
$
(313,112
)
$
(47,118
)
$
17,859
  
$
20,039
  
                           
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports
on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           




76



               
2 of 7
  
FIRSTENERGY CORP. CONSOLIDATING STATEMENT OF RETAINED EARNINGS
  
For the Year Ended December 31, 2004
  
(In thousands $)
  
                   
       
Jersey
          
   
American
  
Central
  
Metropolitan
  
Pennsylvania
  
   
Transmission
  
Power & Light
  
Edison
  
Electric
  
   
Systems, Inc.
  
Consolidated
  
Consolidated
  
Consolidated
  
                   
RETAINED EARNINGS:
                  
Balance - Beginning of Period
  
$
22,878
  
$
22,132
  
$
27,011
  
$
18,038
  
                           
Net Income
    
32,559
    
111,639
    
66,955
    
36,030
  
                           
Cash Dividends on Common Stock
    
(38,000
)
  
(90,000
)
  
(55,000
)
  
(8,000
)
                           
Common Stock Dividends Declared in 2004 payable in 2005
    
-
    
-
    
-
    
-
  
                           
Preferred Stock Dividends Declared
    
-
    
(500
)
  
-
    
-
  
                           
Other
    
-
    
-
    
-
    
-
  
                           
Balance - End of Period
  
$
17,437
  
$
43,271
  
$
38,966
  
$
46,068
  
                           
                           
                           
ACCUMULATED OTHER COMPREHENSIVE INCOME:
                          
Balance - Beginning of Period
  
$
(322
)
$
(51,765
)
$
(32,474
)
$
(42,185
)
                           
Unrealized gain on investments and derivative hedges
    
-
    
1,692
    
(1,845
)
  
(355
)
                           
Minimum liability for unfunded retirement benefits
    
322
    
(5,461
)
  
(9,171
)
  
(10,273
)
                           
Balance - End of Period
  
$
-
  
$
(55,534
)
$
(43,490
)
$
(52,813
)
                           
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
 
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports
on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           




77



               
3 of 7
  
FIRSTENERGY CORP. CONSOLIDATING STATEMENT OF RETAINED EARNINGS
For the Year Ended December 31, 2004
(In thousands $)
                   
   
FirstEnergy
          
MARBEL
  
   
Facilities
  
FirstEnergy
  
FirstEnergy
  
Energy
  
   
Services
  
Solutions
  
Nuclear
  
Corporation
  
   
Consolidated
  
Consolidated
  
Operating Co.
  
Consolidated
  
                   
RETAINED EARNINGS:
                  
Balance - Beginning of Period
  
$
(65,367
)
$
(79,000
)
$
(11,200
)
$
47,179
  
                           
Net Income
    
(35,991
)
  
232,074
    
-
    
(31,660
)
                           
Cash Dividends on Common Stock
    
-
    
-
    
-
    
-
  
                           
Common Stock Dividends Declared in 2004 payable in 2005
    
-
    
-
    
-
    
-
  
                           
Preferred Stock Dividends Declared
    
-
    
-
    
-
    
-
  
                           
Other
    
-
    
-
    
-
    
-
  
                           
Balance - End of Period
  
$
(101,358
)
$
153,074
  
$
(11,200
)
$
15,519
  
                           
                           
                           
ACCUMULATED OTHER COMPREHENSIVE INCOME:
                          
Balance - Beginning of Period
  
$
-
  
$
(4,960
)
$
(9,080
)
$
(10,226
)
                           
Unrealized gain on investments and derivative hedges
    
-
    
(5,561
)
  
-
    
10,226
  
                           
Minimum liability for unfunded retirement benefits
    
-
    
12,027
    
9,080
    
-
  
                           
Balance - End of Period
  
$
-
  
$
1,506
  
$
-
  
$
-
  
                           
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports
on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           




78



               
4 of 7
  
FIRSTENERGY CORP. CONSOLIDATING STATEMENT OF RETAINED EARNINGS
For the Year Ended December 31, 2004
(In thousands $)
                   
   
FirstEnergy
  
MYR
  
GPU
  
GPU
  
   
Ventures
  
Group Inc.
  
Power, Inc.
  
Capital, Inc.
  
   
Consolidated
  
Consolidated
  
Consolidated
  
Consolidated
  
                   
RETAINED EARNINGS:
                  
Balance - Beginning of Period
  
$
12,501
  
$
(4,527
)
$
(53,023
)
$
(229,384
)
                           
Net Income
    
(897
)
  
(3,908
)
  
17,678
    
16,711
  
                           
Cash Dividends on Common Stock
    
-
    
-
    
-
    
-
  
                           
Common Stock Dividends Declared in 2004 payable in 2005
    
-
    
-
    
-
    
-
  
                           
Preferred Stock Dividends Declared
    
-
    
-
    
-
    
-
  
                           
Other
    
-
    
-
    
-
    
-
  
                           
Balance - End of Period
  
$
11,604
  
$
(8,435
)
$
(35,345
)
$
(212,673
)
                           
                           
                           
ACCUMULATED OTHER COMPREHENSIVE INCOME:
                          
Balance - Beginning of Period
  
$
-
  
$
-
  
$
-
  
$
-
  
                           
Unrealized gain on investments and derivative hedges
    
-
    
-
    
-
    
-
  
                           
Minimum liability for unfunded retirement benefits
    
-
    
-
    
-
    
-
  
                           
Balance - End of Period
  
$
-
  
$
-
  
$
-
  
$
-
  
                           
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports
on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
                           




79
 

               
5 of 7
  
FIRSTENERGY CORP. CONSOLIDATING STATEMENT OF RETAINED EARNINGS
For the Year Ended December 31, 2004
(In thousands $)
           
GPU
      
           
Diversified
  
FirstEnergy
  
   
FirstEnergy
  
License
  
Holdings LLC
  
Telecom
  
   
Properties, Inc.
  
Holding Co.
  
Consolidated
  
Services, Inc.
  
                   
RETAINED EARNINGS:
                  
Balance - Beginning of Period
  
$
3,494
  
$
34
  
$
(1,978
)
$
5,160
  
                           
Net Income
    
503
    
(3
)
  
(6,563
)
  
1,039
  
                           
Cash Dividends on Common Stock
    
-
    
-
    
-
    
-
  
                           
Common Stock Dividends Declared in 2004 payable in 2005
    
-
    
-
    
-
    
-
  
                           
Preferred Stock Dividends Declared
    
-
    
-
    
-
    
-
  
                           
Other
    
-
    
-
    
-
    
-
  
                           
Balance - End of Period
  
$
3,997
  
$
31
  
$
(8,541
)
$
6,199
  
                           
                           
                           
ACCUMULATED OTHER COMPREHENSIVE INCOME:
                          
Balance - Beginning of Period
  
$
-
  
$
-
  
$
1,151
  
$
-
  
                           
Unrealized gain on investments and derivative hedges
    
-
    
-
    
(1,151
)
  
-
  
                           
Minimum liability for unfunded retirement benefits
    
-
    
-
    
-
    
-
  
                           
Balance - End of Period
  
$
-
  
$
-
  
$
-
  
$
-
  
                           
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports
on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.




80



                   
               
6 of 7
  
FIRSTENERGY CORP. CONSOLIDATING STATEMENT OF RETAINED EARNINGS
For the Year Ended December 31, 2004
(In thousands $)
                   
   
FirstEnergy
              
   
Service
  
GPU
  
First
      
   
Co.
  
Nuclear, Inc.
  
Communications
  
Eliminations
  
                   
RETAINED EARNINGS:
                  
Balance - Beginning of Period
  
$
2,595
  
$
-
  
$
(2,276
)
$
(845,033
)
                           
Net Income
    
-
    
-
    
2,620
    
(1,104,366
)
                           
Cash Dividends on Common Stock
    
-
    
-
    
-
    
782,000
  
                           
Common Stock Dividends Declared in 2004 payable in 2005
    
-
    
-
    
-
    
-
  
                           
Preferred Stock Dividends Declared
    
-
    
-
    
-
    
18,849
  
                           
Other
    
-
    
-
    
(278
)
  
278
  
                           
Balance - End of Period
  
$
2,595
  
$
-
  
$
66
  
$
(1,148,272
)
                           
                           
                           
ACCUMULATED OTHER COMPREHENSIVE INCOME:
                          
Balance - Beginning of Period
  
$
(65,267
)
$
-
  
$
(398
)
$
239,894
  
                           
Unrealized gain on investments and derivative hedges
    
(12
)
  
-
    
80
    
(14,648
)
                           
Minimum liability for unfunded retirement benefits
    
(98
)
  
-
    
-
    
-
  
                           
Balance - End of Period
  
$
(65,377
)
$
-
  
$
(318
)
$
225,246
  
                           
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports
on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.




81



       7 of 7
FIRSTENERGY CORP. CONSOLIDATING STATEMENT OF RETAINED EARNINGS
For the Year Ended December 31, 2004
(In thousands $)
           
   
FirstEnergy
      
   
Corp.
      
   
Consolidated
      
           
RETAINED EARNINGS:
          
Balance - Beginning of Period
  
$
1,604,385
        
               
Net Income
    
878,175
        
               
Cash Dividends on Common Stock
    
(490,529
)
      
               
Common Stock Dividends Declared in 2004 payable in 2005
    
(135,168
)
      
               
Preferred Stock Dividends Declared
    
-
        
               
Other
    
-
        
               
Balance - End of Period
  
$
1,856,863
        
               
               
               
ACCUMULATED OTHER COMPREHENSIVE INCOME:
              
Balance - Beginning of Period
  
$
(352,649
)
      
               
Unrealized gain on investments and derivative hedges
    
45,793
        
               
Minimum liability for unfunded retirement benefits
    
(6,256
)
      
               
Balance - End of Period
  
$
(313,112
)
      
               
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central
Power & Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports
on Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
               




82


               
1 of 7
  
FIRSTENERGY CORP. CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended December 31, 2004
(In thousands $)
                   
   
FirstEnergy
  
Ohio
  
Cleveland
  
Toledo
  
   
Holding
  
Edison
  
Electric
  
Edison
  
   
Company
  
Consolidated
  
Consolidated
  
Consolidated
  
CASH FLOWS FROM OPERATING ACTIVITIES:
                  
Net Income
  
$
878,175
  
$
342,766
  
$
236,531
  
$
86,283
  
Adjustments to reconcile net income
                          
to net cash from operating activities--
                          
Provision for depreciation
    
-
    
122,413
    
131,854
    
57,948
  
Amortization of regulatory assets
    
-
    
411,326
    
196,501
    
123,858
  
Deferral of new regulatory assets
    
-
    
(100,633
)
  
(117,466
)
  
(38,696
)
Nuclear fuel and lease amortization
    
-
    
42,811
    
28,239
    
25,034
  
Undistributed subsidiary earnings
    
(328,332
)
  
-
    
-
    
-
  
Other amortization, net
    
-
    
-
    
(18,386
)
  
-
  
Deferred purchased power and other costs
    
-
    
-
    
-
    
-
  
Deferred income taxes and investment tax credits, net
    
3,850
    
(44,469
)
  
39,129
    
6,123
  
Goodwill impairment
    
-
    
-
    
-
    
-
  
Investment impairments
    
2,133
    
-
    
-
    
-
  
Deferred rents and lease market valuation liability
    
-
    
(5,170
)
  
(56,405
)
  
(23,121
)
Accrued retirement benefit obligations
    
(3,745
)
  
31,289
    
13,245
    
5,889
  
Accrued compensation, net
    
(7
)
  
4,551
    
2,433
    
1,074
  
Commodity derivative transactions, net
    
-
    
-
    
-
    
-
  
Loss (income) from discontinued operations
    
-
    
-
    
-
    
-
  
Pension trust contribution
    
-
    
(72,763
)
  
(31,718
)
  
(12,572
)
Decrease (increase) in operating assets:
                          
Receivables
    
1,317,240
    
209,130
    
38,297
    
10,228
  
Materials and supplies
    
-
    
(10,259
)
  
(8,306
)
  
(5,133
)
Prepayments & other current assets
    
19,087
    
1,286
    
2,375
    
5,554
  
Increase (decrease) in operating liabilities:
                          
Accounts payable
    
(1,887,933
)
  
(80,738
)
  
(93,745
)
  
(23,398
)
Accrued taxes
    
(109
)
  
(406,945
)
  
(73,068
)
  
(8,647
)
Accrued interest
    
(1,075
)
  
(6,722
)
  
(15,770
)
  
(9,080
)
NUG power contract restructuring
    
-
    
-
    
-
    
-
  
Other
    
221
    
(18,066
)
  
(51,617
)
  
(18,438
)
Net cash provided from operating activities
    
(495
)
  
419,807
    
222,123
    
182,906
  
                           
CASH FLOWS FROM FINANCING ACTIVITIES:
                          
New Financing--
                          
Long-term debt
    
-
    
30,000
    
124,977
    
103,500
  
Equity contributions from parent
    
36,183
    
-
    
-
    
-
  
Redemptions and Repayments--
                          
Preferred stock
    
-
    
(750
)
  
(1,000
)
  
-
  
Long-term debt
    
(59,848
)
  
(170,997
)
  
(335,393
)
  
(262,162
)
Short-term borrowings, net
    
(280,000
)
  
(4,015
)
  
290,263
    
73,565
  
Equity payments to parent
    
-
    
-
    
-
    
-
  
Net controlled disbursement activity
    
-
    
-
    
-
    
-
  
Dividend Payments--
                          
Common stock
    
(490,529
)
  
(421,000
)
  
(170,000
)
  
-
  
Preferred stock
    
-
    
(2,502
)
  
(7,008
)
  
(8,844
)
Net cash provided from (used for) financing activities
    
(794,194
)
  
(569,264
)
  
(98,161
)
  
(93,941
)
                           
CASH FLOWS FROM INVESTING ACTIVITIES:
                          
Property additions
    
-
    
(235,022
)
  
(121,316
)
  
(64,629
)
Proceeds from sale of assets
    
1,019
    
253
    
-
    
-
  
Proceeds from certificates of deposit
    
-
    
277,763
    
-
    
-
  
Nonutility generation trusts withdrawals (contributions)
    
-
    
-
    
-
    
-
  
Contributions to nuclear decommissioning trusts
    
-
    
(31,540
)
  
(29,024
)
  
(28,541
)
Cash investments
    
-
    
28,877
    
9,270
    
10,246
  
Asset retirements and transfers
    
-
    
(25,094
)
  
(18,634
)
  
(15,430
)
Loan repayments from (loans to) associated companies, net
    
793,134
    
128,054
    
10,418
    
7,284
  
Other
    
638
    
5,513
    
739
    
(117
)
Net cash provided from (used for) investing activities
    
794,791
    
148,804
    
(148,547
)
  
(91,187
)
                           
NET INCREASE (DECREASE) IN
                          
CASH AND CASH EQUIVALENTS
  
$
102
  
$
(653
)
$
(24,585
)
$
(2,222
)
                           
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central Power
& Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports on
Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.




83


               
2 of 7
  
FIRSTENERGY CORP. CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended December 31, 2004
(In thousands $)
  
                   
       
Jersey
          
   
American
  
Central
  
Metropolitan
  
Pennsylvania
  
   
Transmission
  
Power & Light
  
Edison
  
Electric
  
   
Systems, Inc.
  
Consolidated
  
Consolidated
  
Consolidated
  
CASH FLOWS FROM OPERATING ACTIVITIES:
                  
Net Income
  
$
32,559
  
$
111,639
  
$
66,955
  
$
36,030
  
Adjustments to reconcile net income
                          
to net cash from operating activities--
                          
Provision for depreciation
    
30,370
    
75,163
    
41,161
    
47,104
  
Amortization of regulatory assets
    
-
    
278,559
    
105,675
    
50,403
  
Deferral of new regulatory assets
    
-
    
-
    
-
    
-
  
Nuclear fuel and lease amortization
    
-
    
-
    
-
    
-
  
Undistributed subsidiary earnings
    
-
    
-
    
-
    
-
  
Other amortization, net
    
(1,050
)
  
-
    
-
    
-
  
Deferred purchased power and other costs
    
-
    
(263,257
)
  
(65,981
)
  
(87,379
)
Deferred income taxes and investment tax credits, net
    
13,626
    
54,887
    
18,495
    
77,375
  
Goodwill impairment
    
-
    
-
    
-
    
-
  
Investment impairments
    
-
    
-
    
-
    
-
  
Deferred rents and lease market valuation liability
    
-
    
-
    
-
    
-
  
Accrued retirement benefit obligations
    
629
    
(2,986
)
  
(186
)
  
5,822
  
Accrued compensation, net
    
282
    
1,014
    
584
    
3,226
  
Commodity derivative transactions, net
    
-
    
-
    
-
    
-
  
Loss (income) from discontinued operations
    
-
    
-
    
-
    
-
  
Pension trust contribution
    
(1,637
)
  
(62,499
)
  
(38,823
)
  
(50,281
)
Decrease (increase) in operating assets:
                          
Receivables
    
(7,325
)
  
(13,360
)
  
(65,979
)
  
(2,591
)
Materials and supplies
    
-
    
45
    
69
    
-
  
Prepayments & other current assets
    
(567
)
  
17,870
    
(4,526
)
  
(4,687
)
Increase (decrease) in operating liabilities:
                          
Accounts payable
    
3,502
    
(2,887
)
  
35,639
    
(13,909
)
Accrued taxes
    
1,170
    
1,707
    
3,195
    
(705
)
Accrued interest
    
-
    
(4,484
)
  
(230
)
  
(2,999
)
NUG power contract restructuring
    
-
    
52,800
    
-
    
-
  
Other
    
(13,779
)
  
18,442
    
(22,222
)
  
(11,116
)
Net cash provided from operating activities
    
57,780
    
262,653
    
73,826
    
46,293
  
                           
CASH FLOWS FROM FINANCING ACTIVITIES:
                          
New Financing--
                          
Long-term debt
    
-
    
300,000
    
247,606
    
150,000
  
Equity contributions from parent
    
-
    
-
    
-
    
-
  
Redemptions and Repayments--
                          
Preferred stock
    
-
    
-
    
-
    
-
  
Long-term debt
    
-
    
(308,872
)
  
(196,371
)
  
(228,670
)
Short-term borrowings, net
    
157
    
17,547
    
14,755
    
162,986
  
Equity payments to parent
    
-
    
-
    
-
    
-
  
Net controlled disbursement activity
    
-
    
-
    
-
    
-
  
Dividend Payments--
                          
Common stock
    
(38,000
)
  
(90,000
)
  
(55,000
)
  
(8,000
)
Preferred stock
    
-
    
(500
)
  
-
    
-
  
Net cash provided from (used for) financing activities
    
(37,843
)
  
(81,825
)
  
10,990
    
76,316
  
                           
CASH FLOWS FROM INVESTING ACTIVITIES:
                          
Property additions
    
(21,592
)
  
(178,877
)
  
(52,979
)
  
(51,801
)
Proceeds from sale of assets
    
-
    
-
    
-
    
-
  
Proceeds from certificates of deposit
    
-
    
-
    
-
    
-
  
Nonutility generation trusts withdrawals (contributions)
    
-
    
-
    
-
    
(50,614
)
Contributions to nuclear decommissioning trusts
    
-
    
(2,895
)
  
(9,483
)
  
-
  
Cash investments
    
-
    
-
    
-
    
-
  
Asset retirements and transfers
    
(3,770
)
  
-
    
(13,693
)
  
(12,197
)
Loan repayments from (loans to) associated companies, net
    
5,425
    
(857
)
  
(8,863
)
  
(7,559
)
Other
    
-
    
1,692
    
201
    
(438
)
Net cash provided from (used for) investing activities
    
(19,937
)
  
(180,937
)
  
(84,817
)
  
(122,609
)
                           
NET INCREASE (DECREASE) IN
                          
CASH AND CASH EQUIVALENTS
  
$
-
  
$
(109
)
$
(1
)
$
-
  
                           
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central Power
& Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports on
Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
 


84
 
               
3 of 7
  
FIRSTENERGY CORP. CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended December 31, 2004
(In thousands $)
                   
   
FirstEnergy
          
MARBEL
  
   
Facilities
  
FirstEnergy
  
FirstEnergy
  
Energy
  
   
Services
  
Solutions
  
Nuclear
  
Corporation
  
   
Consolidated
  
Consolidated
  
Operating Co.
  
Consolidated
  
CASH FLOWS FROM OPERATING ACTIVITIES:
                  
Net Income
  
$
(35,991
)
$
232,074
  
$
-
  
$
(31,660
)
Adjustments to reconcile net income
                          
to net cash from operating activities--
                          
Provision for depreciation
    
4,645
    
28,799
    
-
    
1,136
  
Amortization of regulatory assets
    
-
    
-
    
-
    
-
  
Deferral of new regulatory assets
    
-
    
-
    
-
    
-
  
Nuclear fuel and lease amortization
    
-
    
-
    
-
    
-
  
Undistributed subsidiary earnings
    
-
    
-
    
-
    
-
  
Other amortization, net
    
-
    
-
    
-
    
-
  
Deferred purchased power and other costs
    
-
    
-
    
-
    
-
  
Deferred income taxes and investment tax credits, net
    
(10,014
)
  
53,942
    
14,413
    
(26,314
)
Goodwill impairment
    
36,471
    
-
    
-
    
-
  
Investment impairments
    
10,969
    
-
    
-
    
-
  
Deferred rents and lease market valuation liability
    
-
    
-
    
-
    
-
  
Accrued retirement benefit obligations
    
-
    
23,471
    
35,867
    
-
  
Accrued compensation, net
    
-
    
12,228
    
27,518
    
-
  
Commodity derivative transactions, net
    
-
    
(48,840
)
  
-
    
-
  
Loss (income) from discontinued operations
    
-
    
(4,396
)
  
-
    
-
  
Pension trust contribution
    
-
    
(61,502
)
  
(76,572
)
  
-
  
Decrease (increase) in operating assets:
                          
Receivables
    
(21,509
)
  
200,369
    
(42,812
)
  
155
  
Materials and supplies
    
561
    
(9,077
)
  
-
    
-
  
Prepayments & other current assets
    
(2,704
)
  
2,202
    
841
    
-
  
Increase (decrease) in operating liabilities:
                          
Accounts payable
    
10,534
    
(93,428
)
  
(54,952
)
  
(9,370
)
Accrued taxes
    
(1,130
)
  
53,053
    
(9,465
)
  
2,751
  
Accrued interest
    
-
    
(1,311
)
  
-
    
-
  
NUG power contract restructuring
    
-
    
-
    
-
    
-
  
Other
    
4,022
    
3,066
    
(6,679
)
  
(5,786
)
Net cash provided from operating activities
    
(4,146
)
  
390,650
    
(111,841
)
  
(69,088
)
                           
CASH FLOWS FROM FINANCING ACTIVITIES:
                          
New Financing--
                          
Long-term debt
    
234
    
-
    
-
    
-
  
Equity contributions from parent
    
-
    
-
    
-
    
-
  
Redemptions and Repayments--
                          
Preferred stock
    
-
    
-
    
-
    
-
  
Long-term debt
    
(648
)
  
-
    
-
    
-
  
Short-term borrowings, net
    
703
    
(103,700
)
  
58,559
    
-
  
Equity payments to parent
    
-
    
(201,896
)
  
-
    
-
  
Net controlled disbursement activity
    
-
    
-
    
-
    
-
  
Dividend Payments--
                          
Common stock
    
-
    
-
    
-
    
-
  
Preferred stock
    
-
    
-
    
-
    
-
  
Net cash provided from (used for) financing activities
    
289
    
(305,596
)
  
58,559
    
-
  
                           
CASH FLOWS FROM INVESTING ACTIVITIES:
                          
Property additions
    
(2,861
)
  
(91,880
)
  
(673
)
  
-
  
Proceeds from sale of assets
    
-
    
-
    
-
    
200,000
  
Proceeds from certificates of deposit
    
-
    
-
    
-
    
-
  
Nonutility generation trusts withdrawals (contributions)
    
-
    
-
    
-
    
-
  
Contributions to nuclear decommissioning trusts
    
-
    
-
    
-
    
-
  
Cash investments
    
-
    
-
    
-
    
-
  
Asset retirements and transfers
    
773
    
(2,272
)
  
-
    
-
  
Loan repayments from (loans to) associated companies, net
    
-
    
-
    
53,955
    
(118,575
)
Other
    
940
    
15,633
    
-
    
(21,119
)
Net cash provided from (used for) investing activities
    
(1,148
)
  
(78,519
)
  
53,282
    
60,306
  
                           
NET INCREASE (DECREASE) IN
                          
CASH AND CASH EQUIVALENTS
  
$
(5,005
)
$
6,535
  
$
-
  
$
(8,782
)
                           
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central Power
& Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports on
Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
 
85

               
4 of 7
  
FIRSTENERGY CORP. CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended December 31, 2004
  
(In thousands $)
                   
   
FirstEnergy
  
MYR
  
GPU
  
GPU
  
   
Ventures
  
Group Inc.
  
Capital, Inc.
  
Power, Inc.
  
   
Consolidated
  
Consolidated
  
Consolidated
  
Consolidated
  
CASH FLOWS FROM OPERATING ACTIVITIES:
                  
Net Income
  
$
(897
)
$
(3,908
)
$
16,711
  
$
17,678
  
Adjustments to reconcile net income
                          
to net cash from operating activities--
                          
Provision for depreciation
    
10,198
    
1,074
    
(814
)
  
-
  
Amortization of regulatory assets
    
-
    
-
    
-
    
-
  
Deferral of new regulatory assets
    
-
    
-
    
-
    
-
  
Nuclear fuel and lease amortization
    
-
    
-
    
-
    
-
  
Undistributed subsidiary earnings
    
-
    
-
    
-
    
-
  
Other amortization, net
    
-
    
-
    
-
    
-
  
Deferred purchased power and other costs
    
-
    
-
    
-
    
-
  
Deferred income taxes and investment tax credits, net
    
4,189
    
-
    
-
    
-
  
Goodwill impairment
    
-
    
-
    
-
    
-
  
Investment impairments
    
-
    
-
    
-
    
-
  
Deferred rents and lease market valuation liability
    
-
    
-
    
-
    
-
  
Accrued retirement benefit obligations
    
-
    
-
    
-
    
-
  
Accrued compensation, net
    
-
    
(4,264
)
  
-
    
-
  
Commodity derivative transactions, net
    
-
    
-
    
-
    
-
  
Loss (income) from discontinued operations
    
-
    
-
    
-
    
-
  
Pension trust contribution
    
-
    
-
    
-
    
-
  
Decrease (increase) in operating assets:
                          
Receivables
    
30,836
    
22,525
    
1,255,998
    
15,051
  
Materials and supplies
    
(14
)
  
-
    
-
    
-
  
Prepayments & other current assets
    
572
    
(6,970
)
  
-
    
4
  
Increase (decrease) in operating liabilities:
                          
Accounts payable
    
2,507
    
(1,523
)
  
(104,715
)
  
(251
)
Accrued taxes
    
(5,038
)
  
-
    
(6,611
)
  
7,512
  
Accrued interest
    
(63
)
  
-
    
-
    
-
  
NUG power contract restructuring
    
-
    
-
    
-
    
-
  
Other
    
(4,354
)
  
(388
)
  
18,988
    
(12,272
)
Net cash provided from operating activities
    
37,936
    
6,546
    
1,179,557
    
27,722
  
                           
CASH FLOWS FROM FINANCING ACTIVITIES:
                          
New Financing--
                          
Long-term debt
    
-
    
-
    
-
    
-
  
Equity contributions from parent
    
-
    
-
    
-
    
5,329
  
Redemptions and Repayments--
                          
Preferred stock
    
-
    
-
    
-
    
-
  
Long-term debt
    
(3,299
)
  
-
    
-
    
-
  
Short-term borrowings, net
    
(6,859
)
  
-
    
(786,392
)
  
-
  
Equity payments to parent
    
(4,000
)
  
-
    
-
    
-
  
Net controlled disbursement activity
    
-
    
-
    
-
    
-
  
Dividend Payments--
                          
Common stock
    
-
    
-
    
-
    
-
  
Preferred stock
    
-
    
-
    
-
    
-
  
Net cash provided from (used for) financing activities
    
(14,158
)
  
-
    
(786,392
)
  
5,329
  
                           
CASH FLOWS FROM INVESTING ACTIVITIES:
                          
Property additions
    
(233
)
  
(4,127
)
  
-
    
-
  
Proceeds from sale of assets
    
-
    
1,149
    
8,914
    
2,533
  
Proceeds from certificates of deposit
    
-
    
-
    
-
    
-
  
Nonutility generation trusts withdrawals (contributions)
    
-
    
-
    
-
    
-
  
Contributions to nuclear decommissioning trusts
    
-
    
-
    
-
    
-
  
Cash investments
    
-
    
-
    
-
    
-
  
Asset retirements and transfers
    
(8
)
  
614
    
-
    
-
  
Loan repayments from (loans to) associated companies, net
    
(17,111
)
  
(1,178
)
  
(400,590
)
  
(36,255
)
Other
    
(11,609
)
  
-
    
-
    
-
  
Net cash provided from (used for) investing activities
    
(28,961
)
  
(3,542
)
  
(391,676
)
  
(33,722
)
                           
NET INCREASE (DECREASE) IN
                          
CASH AND CASH EQUIVALENTS
  
$
(5,183
)
$
3,004
  
$
1,489
  
$
(671
)
                           
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central Power
& Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports on
Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.

 
86


               
5 of 7
  
FIRSTENERGY CORP. CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended December 31, 2004
(In thousands $)
                   
           
GPU
      
           
Diversified
  
FirstEnergy
  
   
FirstEnergy
  
License
  
Holdings LLC
  
Telecom
  
   
Properties, Inc.
  
Holding Co.
  
Consolidated
  
Services, Inc.
  
CASH FLOWS FROM OPERATING ACTIVITIES:
                  
Net Income
  
$
503
  
$
(3
)
$
(6,563
)
$
1,039
  
Adjustments to reconcile net income
                          
to net cash from operating activities--
                          
Provision for depreciation
    
263
    
-
    
-
    
1,900
  
Amortization of regulatory assets
    
-
    
-
    
-
    
-
  
Deferral of new regulatory assets
    
-
    
-
    
-
    
-
  
Nuclear fuel and lease amortization
    
-
    
-
    
-
    
-
  
Undistributed subsidiary earnings
    
-
    
-
    
-
    
-
  
Other amortization, net
    
-
    
-
    
-
    
-
  
Deferred purchased power and other costs
    
-
    
-
    
-
    
-
  
Deferred income taxes and investment tax credits, net
    
173
    
(1
)
  
-
    
3,301
  
Goodwill impairment
    
-
    
-
    
-
    
-
  
Investment impairments
    
-
    
-
    
4,795
    
-
  
Deferred rents and lease market valuation liability
    
-
    
-
    
-
    
-
  
Accrued retirement benefit obligations
    
-
    
-
    
-
    
-
  
Accrued compensation, net
    
-
    
-
    
-
    
-
  
Commodity derivative transactions, net
    
-
    
-
    
-
    
-
  
Loss (income) from discontinued operations
    
-
    
-
    
-
    
-
  
Pension trust contribution
    
-
    
-
    
-
    
-
  
Decrease (increase) in operating assets:
                          
Receivables
    
(289
)
  
-
    
(1,465
)
  
10,383
  
Materials and supplies
    
-
    
-
    
-
    
(5
)
Prepayments & other current assets
    
(513
)
  
-
    
-
    
31
  
Increase (decrease) in operating liabilities:
                          
Accounts payable
    
2
    
-
    
(66
)
  
86
  
Accrued taxes
    
(114
)
  
(1
)
  
(117
)
  
(1,105
)
Accrued interest
    
-
    
-
    
-
    
36
  
NUG power contract restructuring
    
-
    
-
    
-
    
-
  
Other
    
24
    
-
    
3,866
    
(1,218
)
Net cash provided from operating activities
    
49
    
(5
)
  
450
    
14,448
  
                           
CASH FLOWS FROM FINANCING ACTIVITIES:
                          
New Financing--
                          
Long-term debt
    
-
    
-
    
-
    
-
  
Equity contributions from parent
    
-
    
-
    
-
    
-
  
Redemptions and Repayments--
                          
Preferred stock
    
-
    
-
    
-
    
-
  
Long-term debt
    
(257
)
  
-
    
-
    
-
  
Short-term borrowings, net
    
-
    
-
    
-
    
(15,053
)
Equity payments to parent
    
-
    
-
    
-
    
-
  
Net controlled disbursement activity
    
-
    
-
    
-
    
-
  
Dividend Payments--
                          
Common stock
    
-
    
-
    
-
    
-
  
Preferred stock
    
-
    
-
    
-
    
-
  
Net cash provided from (used for) financing activities
    
(257
)
  
-
    
-
    
(15,053
)
                           
CASH FLOWS FROM INVESTING ACTIVITIES:
                          
Property additions
    
-
    
-
    
-
    
1,027
  
Proceeds from sale of assets
    
260
    
-
    
390
    
-
  
Proceeds from certificates of deposit
    
-
    
-
    
-
    
-
  
Nonutility generation trusts withdrawals (contributions)
    
-
    
-
    
-
    
-
  
Contributions to nuclear decommissioning trusts
    
-
    
-
    
-
    
-
  
Cash investments
    
-
    
-
    
-
    
904
  
Asset retirements and transfers
    
-
    
-
    
-
    
(1,326
)
Loan repayments from (loans to) associated companies, net
    
(236
)
  
5
    
2,693
    
-
  
Other
    
184
    
-
    
(3,533
)
  
-
  
Net cash provided from (used for) investing activities
    
208
    
5
    
(450
)
  
605
  
                           
NET INCREASE (DECREASE) IN
                          
CASH AND CASH EQUIVALENTS
  
$
-
  
$
-
  
$
-
  
$
-
  
                           
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central Power
& Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports on
Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.

 

87


               
6 of 7
  
FIRSTENERGY CORP. CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended December 31, 2004
(In thousands $)
                   
   
FirstEnergy
              
   
Service
  
GPU
  
FIRST
      
   
Co.
  
Nuclear, Inc.
  
Communications
  
Eliminations
  
CASH FLOWS FROM OPERATING ACTIVITIES:
                  
Net Income
  
$
-
  
$
-
  
$
2,620
  
$
(1,104,366
)
Adjustments to reconcile net income
                          
to net cash from operating activities--
                          
Provision for depreciation
    
34,736
    
-
    
-
    
1,702
  
Amortization of regulatory assets
    
-
    
-
    
-
    
1
  
Deferral of new regulatory assets
    
-
    
-
    
-
    
-
  
Nuclear fuel and lease amortization
    
-
    
-
    
-
    
-
  
Undistributed subsidiary earnings
    
-
    
-
    
-
    
328,332
  
Other amortization, net
    
-
    
-
    
-
    
-
  
Deferred purchased power and other costs
    
-
    
-
    
-
    
-
  
Deferred income taxes and investment tax credits, net
    
49,811
    
(250
)
  
-
    
(3
)
Goodwill impairment
    
-
    
-
    
-
    
-
  
Investment impairments
    
-
    
-
    
-
    
-
  
Deferred rents and lease market valuation liability
    
-
    
-
    
-
    
-
  
Accrued retirement benefit obligations
    
28,447
    
-
    
-
    
-
  
Accrued compensation, net
    
(30,237
)
  
-
    
(5
)
  
-
  
Commodity derivative transactions, net
    
-
    
-
    
-
    
-
  
Loss (income) from discontinued operations
    
-
    
-
    
-
    
-
  
Pension trust contribution
    
(91,633
)
  
-
    
-
    
-
  
Decrease (increase) in operating assets:
                          
Receivables
    
1,012,682
    
6,554
    
(1,234
)
  
(3,818,831
)
Materials and supplies
    
(4,634
)
  
-
    
-
    
2
  
Prepayments & other current assets
    
17,189
    
(18
)
  
(17
)
  
1
  
Increase (decrease) in operating liabilities:
                          
Accounts payable
    
(1,456,242
)
  
(160
)
  
61
    
3,660,039
  
Accrued taxes
    
123,702
    
(167
)
  
(14
)
  
305,135
  
Accrued interest
    
(12
)
  
56
    
-
    
(2
)
NUG power contract restructuring
    
-
    
-
    
-
    
-
  
Other
    
(11,349
)
  
(1,029
)
  
78
    
88,734
  
Net cash provided from operating activities
    
(327,540
)
  
4,986
    
1,489
    
(539,256
)
                           
CASH FLOWS FROM FINANCING ACTIVITIES:
                          
New Financing--
                          
Long-term debt
    
59,654
    
-
    
-
    
(54,497
)
Equity contributions from parent
    
108,277
    
-
    
-
    
(149,789
)
Redemptions and Repayments--
                          
Preferred stock
    
-
    
-
    
-
    
-
  
Long-term debt
    
-
    
-
    
(407
)
  
(5,156
)
Short-term borrowings, net
    
(142,697
)
  
(2,863
)
  
-
    
371,993
  
Equity payments to parent
    
-
    
-
    
-
    
205,896
  
Net controlled disbursement activity
    
(2,740
)
  
-
    
-
    
-
  
Dividend Payments--
                          
Common stock
    
-
    
-
    
-
    
782,000
  
Preferred stock
    
-
    
-
    
-
    
18,854
  
Net cash provided from (used for) financing activities
    
22,494
    
(2,863
)
  
(407
)
  
1,169,301
  
                           
CASH FLOWS FROM INVESTING ACTIVITIES:
                          
Property additions
    
(21,258
)
  
-
    
-
    
-
  
Proceeds from sale of assets
    
-
    
-
    
-
    
-
  
Proceeds from certificates of deposit
    
-
    
-
    
-
    
-
  
Nonutility generation trusts withdrawals (contributions)
    
-
    
-
    
-
    
-
  
Contributions to nuclear decommissioning trusts
    
-
    
-
    
-
    
-
  
Cash investments
    
(11,935
)
  
-
    
-
    
(10,280
)
Asset retirements and transfers
    
100,176
    
-
    
374
    
-
  
Loan repayments from (loans to) associated companies, net
    
212,144
    
(2,123
)
  
-
    
(619,765
)
Other
    
(490
)
  
-
    
-
    
-
  
Net cash provided from (used for) investing activities
    
278,637
    
(2,123
)
  
374
    
(630,045
)
                           
NET INCREASE (DECREASE) IN
                          
CASH AND CASH EQUIVALENTS
  
$
(26,409
)
$
-
  
$
1,456
  
$
-
  
                           
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central Power
& Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports on
Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
 

88
 
       7 of 7  
FIRSTENERGY CORP. CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended December 31, 2004
(In thousands $)
   
FirstEnergy
      
   
Corp.
      
   
Consolidated
      
CASH FLOWS FROM OPERATING ACTIVITIES:
          
Net Income
  
$
878,175
        
Adjustments to reconcile net income
              
to net cash from operating activities--
              
Provision for depreciation
    
589,652
        
Amortization of regulatory assets
    
1,166,323
        
Deferral of new regulatory assets
    
(256,795
)
      
Nuclear fuel and lease amortization
    
96,084
        
Undistributed subsidiary earnings
    
-
        
Other amortization, net
    
(19,436
)
      
Deferred purchased power and other costs
    
(416,617
)
      
Deferred income taxes and investment tax credits, net
    
258,263
        
Goodwill impairment
    
36,471
        
Investment impairments
    
17,897
        
Deferred rents and lease market valuation liability
    
(84,696
)
      
Accrued retirement benefit obligations
    
137,742
        
Accrued compensation, net
    
18,397
        
Commodity derivative transactions, net
    
(48,840
)
      
Loss (income) from discontinued operations
    
(4,396
)
      
Pension trust contribution
    
(500,000
)
      
Decrease (increase) in operating assets:
              
Receivables
    
154,053
        
Materials and supplies
    
(36,751
)
      
Prepayments & other current assets
    
47,010
        
Increase (decrease) in operating liabilities:
    
-
        
Accounts payable
    
(110,947
)
      
Accrued taxes
    
(15,011
)
      
Accrued interest
    
(41,656
)
      
NUG power contract restructuring
    
52,800
        
Other
    
(40,872
)
      
Net cash provided from operating activities
    
1,876,850
        
               
CASH FLOWS FROM FINANCING ACTIVITIES:
              
New Financing--
              
Long-term debt
    
961,474
        
Equity contributions from parent
    
-
        
Redemptions and Repayments--
              
Preferred stock
    
(1,750
)
      
Long-term debt
    
(1,572,080
)
      
Short-term borrowings, net
    
(351,051
)
      
Equity payments to parent
    
-
        
Net controlled disbursement activity
    
(2,740
)
      
Dividend Payments--
              
Common stock
    
(490,529
)
      
Preferred stock
    
-
        
Net cash provided from (used for) financing activities
    
(1,456,676
)
      
               
CASH FLOWS FROM INVESTING ACTIVITIES:
              
Property additions
    
(846,221
)
      
Proceeds from sale of assets
    
214,518
        
Proceeds from certificates of deposit
    
277,763
        
Nonutility generation trusts withdrawals (contributions)
    
(50,614
)
      
Contributions to nuclear decommissioning trusts
    
(101,483
)
      
Cash investments
    
27,082
        
Asset retirements and transfers
    
9,513
        
Loan repayments from (loans to) associated companies, net
    
-
        
Other
    
(11,766
)
      
Net cash provided from (used for) investing activities
    
(481,208
)
      
               
NET INCREASE (DECREASE) IN
              
CASH AND CASH EQUIVALENTS
  
$
(61,034
)
      
               
The notes to the consolidated financial statements of FirstEnergy, Ohio Edison, Cleveland Electric, Toledo Edison, Jersey Central Power
& Light, Metropolitan Edison and Pennsylvania Electric, which are incorporated by reference from the respective annual reports on
Form 10-K for the year ended December 31, 2004, are an integral part of the consolidating financial statements.
 

89


ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS

Exhibits

A.
Annual Reports
The following documents are incorporated by reference:

A-1
FirstEnergy Corp. - Annual Report on Form 10-K for 2004 (File No. 333-21011)
Ohio Edison Company - Annual Report on Form 10-K for 2004 (File No. 1-2578)
The Cleveland Electric Illuminating Company - Annual Report on Form 10-K for 2004 (File No. 1-2323)
The Toledo Edison Company - Annual Report on Form 10-K for 2004 (File No. 1-3583)
Pennsylvania Power Company - Annual Report on Form 10-K for 2004 (File No. 1-3491)
Jersey Central Power & Light Company - Annual Report on Form 10-K for 2004 (File No. 1-3141)
Metropolitan Edison Company - Annual Report on Form 10-K for 2004 (File No.1-446)
Pennsylvania Electric Company - Annual Report on Form 10-K for 2004 (File No.1-3522)

B.
Certificates of Incorporation, Articles of Incorporation, By-Laws, Partnership Agreements and Other Organizational Documents
FirstEnergy Corp (FirstEnergy)

B-1
Articles of Incorporation constituting FirstEnergy Corp.’s Articles of Incorporation, dated September 17, 1996. (September 17, 1996 Form 8-K, Exhibit C)

B-2
Amended Articles of Incorporation of FirstEnergy Corp -incorporated by reference to Exhibit (3)-1(a) to FirstEnergy’s Annual Report on Form 10-K for 2004. (File No. 333-21011)

B-3
Regulations of FirstEnergy Corp. (September 17, 1996 Form 8-K, Exhibit D)

B-4
FirstEnergy Corp. Amended Code of Regulations - incorporated by reference to Exhibit (3)-2(a) to FirstEnergy’s Annual Report on Form 10-K for 2004. (File No. 333-21011)

B-5
Incorporated by reference to Exhibit B to FirstEnergy’s Form U5B for the year 2004, File No. 030-00039.

American Transmissions Systems, Inc.(ATSI)
Centerior Service Company
FE Acquisition Corp.
First Communications, LLC
FE Holdings, LLC
FELHC, Inc.
FirstEnergy Facilities Services Group, LLC (FEFSG)
FirstEnergy Nuclear Operating Company
FirstEnergy Properties, Inc.
FirstEnergy Securities Transfer Company
FirstEnergy Service Company
FirstEnergy Solutions Corp. (FES)
FirstEnergy Ventures Corp.
MARBEL Energy Corporation
PowerSpan Corp.
UMICO Holdings, Inc.


90

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits

FirstEnergy Telcom Services, Inc., GPU Nuclear (GPUN) and GPU Diversified Holdings

B-6
Certificate of Incorporation of GPUN, dated as of September 5, 1980 - incorporated by reference to Exhibit A-1 to Application on Form U-1, File No. 70-6443.

B-7
Certificate of Amendment to the Certificate of Incorporation of GPUN dated August 1, 1996 - incorporated by reference to Exhibit B-7 to GPU, Inc.’s Annual Report on Form U5S for the year 1996, File No. 30-126.

B-8
Amended By-Laws of GPUN, dated as of April 29, 1993 - incorporated by reference to Exhibit 3-A to GPU, Inc.'s Annual Report on Form 10K for 1993, File No.1-6047.

B-9
Articles of Incorporation of Saxton Nuclear Experimental Corporation (Saxton) dated as of March 29, 1974 - incorporated by reference to Exhibit B-12 to GPU, Inc.'s Annual Report on Form U5S for the year 1988, File No. 30-126.

B-10
Amended By-Laws of Saxton, dated as of March 30, 1984 - incorporated by reference to Exhibit A-1(e) to Application on Form U-1, File No. 70-7398.

B-11
Amendment to Section 37 of the By-Laws of Saxton, dated as of August 27, 1987 - incorporated by reference to Exhibit A-2(b), Certificate Pursuant to Rule 24, File No. 70-7398.

B-12
Certificate of Incorporation of FirstEnergy Telecom Services, Inc., formerly known as GPU Telcom Services, Inc., dated as of September 13, 1996 - incorporated by reference to Exhibit B-18 to GPU, Inc.’s Annual Report on Form U5S for the year 1997, File No. 30-126.
 
B-13
By-Laws of FirstEnergy Telecom Services, Inc., formerly known as GPU Telcom Services, Inc., dated as of March 6, 1997 - incorporated by reference to Exhibit B-19 to GPU, Inc.’s Annual Report on Form U5S for the year 1997, File No. 30-126.

B-14
Certificate of Amendment of Certificate of Incorporation dated January 15, 2004, attached as Exhibit B-14.

B-15
Certificate of Formation of GPU Diversified Holdings, LLC dated August 3, 2000 - incorporated by reference to Exhibit B-20 to GPU Inc.’s Annual Report on Form U5S for the year 2000, File No. 1-6047.

B-16
Limited Liability Company Agreement of GPU Diversified Holdings LLC dated December 12, 2000 - incorporated by reference to Exhibit B-20 to GPU Inc.’s Annual Report on Form U5S for the year 2000, File No. 1-6047.

B-17
Certificate of Incorporation of GPU Enertech Holdings, Inc. dated February 22, 2000 - incorporated by reference to Exhibit B-20 to GPU Inc.’s Annual Report on Form U5S for the year 2000, File No. 1-6047.

B-18
By-Laws of GPU Enertech Holdings, Inc. dated February 22. 2000 - incorporated by reference to Exhibit B-20 to GPU Inc.’s Annual Report on Form U5S for the year 2000, File No. 1-6047.

B-19
Amended Articles of Incorporation, Effective June 21, 1994, constituting OE’s Articles of Incorporation. (1994 Form 10-K, Exhibit 3-1.)



91

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
Ohio Edison Company (OE)

B-20
Amendment to Articles of Incorporation, effective November 12, 1999 - incorporated by reference to Exhibit (A) 3-2 to Ohio Edison Annual Report on Form 10-K for 2004, File No. 1-3491

B-21
Amended and Restated Code of Regulations, amended March 15, 2002 - incorporated by reference to Exhibit 3-2 to OE’s Annual Report on Form 10-K for 2001, File No. 1-2578.
 
Pennsylvania Power Company (Penn)

B-22
Amended and Restated Articles of Incorporation, as amended March 15, 2002 - incorporated by reference to Exhibit 3-1 to Penn’s Annual Report on Form 10-K for 2001, File No. 1-3491.

B-23
Amended and Restated By-Laws of Penn, as amended March 15, 2002 - incorporated by reference to Exhibit 3-2 to Penn’s Annual Report on Form 10-K for 2001, File No. 1-3491.
The Cleveland Electric Illuminating Company (CEI)

B-24
Amended Articles of Incorporation of CEI, as amended, effective May 28, 1993 (Exhibit 3a, 1993 Form 10-K, File No. 1-2323).

B-25
Regulations of CEI, dated April 29, 1981, as amended effective October 1, 1988 and April 24, 1990 (Exhibit 3B, 1990 Form 10—K, File No. 1-2323).

B-26
Amended and Restated Code of Regulations, dated March 15, 2002 - incorporated by reference to Exhibit 3c to CEI’s Annual Report on Form 10-K for 2001, File No. 1-2323.
 
 
The Toledo Edison Company (TE)

B-27
Amended Articles of Incorporation of TE, as amended effective October 2, 1992 (Exhibit 3a, 1992 Form 10-K, File No. 1-3583).

B-28
Amended and Restated Code of Regulations, dated March 15, 2002 - incorporated by reference to Exhibit 3b to TE’s Annual Report on Form 10-K for 2001, File No. 1-3583.
JCP&L

B-29
Restated Certificate of Incorporation of JCP&L, dated as of May 26, 1982 - incorporated by reference to Exhibit 3-A to JCP&L's Annual Report on Form 10-K for 1990, File No. 1-3141.

B-30
Certificate of Amendment to Restated Certificate of Incorporation of JCP&L, dated as of June 19, 1992 - incorporated by reference to Exhibit A-2(a), Certificate Pursuant to Rule 24, File No. 70-7949.

B-31
Certificate of Amendment to Restated Certificate of Incorporation of JCP&L, dated as of June 19, 1992 - incorporated by reference to Exhibit A-2(a)(i), Certificate Pursuant to Rule 24, File No. 70-7949.


92

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
JCP&L

B-32
Amended By-Laws of JCP&L, dated as of May 25, 1993 - incorporated by reference to Exhibit 3-B to JCP&L's Annual Report on Form 10-K for 1993, File No. 1-3141.

B-33
Certificate of Formation of JCP&L Transition Funding LLC dated February 24, 2000 - incorporated by reference to Exhibit B-20 to GPU Inc.’s Annual Report on Form U5S for the year 2000, File No. 1-6047.

B-34
Limited Liability Company Agreement for JCP&L Transition Funding LLC dated February 24, 2000 - incorporated by reference to Exhibit B-20 to GPU Inc.’s Annual Report on Form U5S for the year 2000, File No. 1-6047.


Met-Ed

B-35
Articles of Incorporation of York Haven Power Company, dated as of December 18, 1967 - incorporated by reference to Exhibit B-15 to GPU, Inc.'s Annual Report on Form U5S for the year 1988, File No. 30-126.

B-36
Amended By-Laws of York Haven Power Company, dated as of January 1, 1985 - incorporated by reference to Exhibit A-1(d), Application on Form U-1, File No. 70-7398.

B-37
Amendment to Section 29 of the By-Laws of York Haven Power Company, dated as of September 8, 1987 - incorporated by reference to Exhibit A-2(a), Certificate Pursuant to Rule 24, File No. 70-7398.

B-38
Certificate of Incorporation of Met-Ed Preferred Capital II, Inc., dated as of September 1, 1998- incorporated by reference to Exhibit 3-C, Registration Statement on Form S-3, SEC Registration Nos. 333-62967, 333-62967-01 and 333-62967-02.

B-39
By-Laws of Met-Ed Preferred Capital II, Inc., dated as of September 1, 1998- incorporated by reference to Exhibit 3-D, Registration Statement on Form S-3, SEC Registration Nos. 333-62967, 333-62967-01 and 333-62967-02.

B-40
Certificate of Limited Partnership of Met-Ed Capital II, L.P., dated as of September 1, 1998-incorporated by reference to Exhibit 3E, Registration Statement on Form S-3, SEC Registration Nos. 333-62967, 333-62967-01 and 333-62967-02.

B-41
Certificate of Business Trust Registration of Met-Ed Capital Trust, dated as of September 1,1998- incorporated by reference to Exhibit 4-K, Registration Statement on Form S-3, SEC Registration Nos. 333-62967, 333-62967-01, and 333-62967-02.

B-42
Restated Articles of Incorporation of Met-Ed dated March 8, 1999 - incorporated by reference to Exhibit 3-E of Met-Ed's Annual Report on Form 10-K for the year 1999, File No. 1-446.

B-43
Payment and Guarantee Agreement of Met-Ed, dated May 28, 1999 - incorporated by reference to Exhibit B-1(a), Certificate Pursuant to Rule 24, File No. 70-9329.

B-44
Amended By-Laws of Met-Ed as of May 16, 2000 - incorporated by reference to Exhibit 3-F of Met-Ed’s Annual Report on Form 10-K for the year 2000, File No. 2-27099.

93

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits

Penelec

B-45
Articles of Incorporation of Nineveh Water Company (formerly Penelec Water Company), dated as of May 22, 1920 - incorporated by reference to Exhibit B-36 to GPU, Inc.'s Annual Report on Form U5S for the year 1988, File No. 30-126.

B-46
By-Laws of Nineveh Water Company, dated as of May 22, 1920 - incorporated by reference to Exhibit A-1(c), Application on Form U-1, File No. 70-7398.

B-47
Amendment to Article V, Section 6 of the By-Laws of Nineveh Water Company, dated as of August 27, 1987 - incorporated by reference to Exhibit A-1 (c), Certificate Pursuant to Rule 24, File No. 70-7398.

B-48
Certificate of Incorporation of Penelec Preferred Capital II, Inc., dated as of August 20, 1998- incorporated by reference to Exhibit 3-C, Registration Statement on Form S-3, SEC Registration Nos. 333-62295, 333-62295-01 and 333-62295-02.

B-49
By-Laws of Penelec Preferred Capital II, Inc., dated as of August 20, 1998- incorporated by reference to Exhibit 3-D, Registration Statement on Form S-3, SEC Registration Nos. 333-62295, 333-62295-01 and 333-62295-02.

B-50
Certificate of Limited Partnership of Penelec Capital II, L.P., dated as of August 20, 1998- incorporated by reference to Exhibit 3-E, Registration Statement on Form S-3, SEC Registration Nos. 333-62295, 333-62295-01 and 333-62295-02.

B-51
Certificate of Business Trust Registration of Penelec Capital Trust, dated as of August 20, 1998- incorporated by reference to Exhibit 4-J, Registration Statement on Form S-3, SEC Registration Nos. 333-62295, 333-62295-01 and 333-62295-02.

B-52
Restated Articles of Incorporation of Penelec dated March 8, 1999 - incorporated by reference to Exhibit 3-G of Penelec's Annual Report on Form 10-K for the year 1999, File No. 1-3522.

B-53
Amended By-Laws of Penelec, dated as of May 16, 2000 - incorporated by reference to Exhibit 3-H of Penelec’s Annual Report on Form 10-K for the year 2000, File No. 1-3522.
GPU Capital & GPU Power

B-54
Certificate of Incorporation of EI Power, Inc., dated as of March 15, 1994 - incorporated by reference to Exhibit B-41 to GPU, Inc.'s Annual Report on Form U5S for the year 1994, File No. 30-126.

B-55
Certificate of Amendment of Certificate of Incorporation of EI Power, Inc., dated as of August 1, 1996 to change the name of the company to GPU Power, Inc. - incorporated by reference to Exhibit B-77 to GPU, Inc.'s Annual Report on Form U5S for the year 1996, Form No. 30-126.

B-56
Certificate of Incorporation of EI Energy, Inc., dated as of October 18, 1995 - incorporated by reference to Exhibit B-89 to GPU, Inc.'s Annual Report on Form U5S for the year 1995, File No. 30-126.

B-57
Certificate of Amendment of Certificate of Incorporation of EI Energy, Inc., dated as of August 1, 1996 to change the name of the company to GPU Electric, Inc. - incorporated by reference to Exhibit B-98 to GPU, Inc.'s Annual Report on Form U5S for the year 1996, File No. 30-126.



94

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
GPU Capital & GPU Power

B-58
Certificate of Incorporation of EI UK Holdings, Inc., dated as of April 30, 1996 - incorporated by reference to Exhibit B-103 to GPU, Inc.'s Annual Report on Form U5S for the year 1996, File No. 30-126.

B-59
By-Laws of EI Power, Inc. (subsequently renamed GPU Power, Inc.), dated as of May 2, 1994 - incorporated by reference to Exhibit B-89 to GPU, Inc.'s Annual Report on Form U5S for the year 1994, File No. 30-126.

B-60
By-Laws of EI Energy, Inc. (subsequently renamed GPU Electric, Inc.), dated as of October 20, 1995 - incorporated by reference to Exhibit B-130 to GPU, Inc.'s Annual Report on Form U5S for the year 1995, File No. 30-126.

B-61
By-Laws of EI UK Holdings, Inc., adopted as of April 30, 1996 - incorporated by reference to Exhibit B-150 to GPU Inc.'s Annual Report on Form U5S for the year 1996, File No. 30-126.

B-62
Memorandum of Association of 2322120 Nova Scotia Limited, dated as of December 22, 1993 - incorporated by reference to Exhibit B-35 to GPU, Inc.'s Annual Report on Form U5S for the year 1994, File No. 30-126.

B-63
Certificate of Amendment of the Memorandum of Association of 2322120 Nova Scotia Limited, dated as of February 17, 1994 to change the name of the company to EI Services Canada Limited - incorporated by reference to Exhibit B-36 to GPU, Inc.'s Annual Report on Form U5S for the year 1994, File No. 30-126.

B-64
Memorandum of Association of 2322133 Nova Scotia Limited, dated as of December 22, 1993 - incorporated by reference to Exhibit B-31 to GPU, Inc.'s Annual Report on Form U5S for the year 1994, File No. 30-126.

B-65
Certificate of Amendment of the Memorandum of Association of 2322133 Nova Scotia Limited, dated as of February 17, 1994 to change the name of the company to EI Canada Holding Limited - incorporated by reference to Exhibit B-32 to GPU, Inc.'s Annual Report on Form U5S for the year 1994, File No. 30-126.

B-66
Articles of Association of 2322133 Nova Scotia Limited (subsequently renamed EI Canada Holding Limited), adopted as of December 22, 1993 - incorporated by reference to Exhibit B-83 to GPU, Inc.'s Annual Report on Form U5S for the year 1994, File No. 30-126.

B-67
Articles of Association of 2322120 Nova Scotia Limited (subsequently renamed EI Services Canada Limited), adopted as of December 22, 1993 - incorporated by reference to Exhibit B-85 to GPU, Inc.'s Annual Report on Form U5S for the year 1994, File No. 30-126.

B-68
Certificate of Incorporation of GPU Capital,Inc., dated October 8, 1998 - incorporated by reference to Exhibit B-198 to GPU, Inc.'s Annual Report on Form U5S for the year 1999, File No. 30-126.
 
B-69
By-Laws of GPU Capital, Inc. adopted as of October 8, 1998 - incorporated by reference to Exhibit B-199 to GPU, Inc.'s Annual Report on Form U5S for the  year 1999, File No. 30-126.
 
B-70
Certificate of Incorporation of GPU Solar, Inc., dated November 5, 1997 - incorporated by reference to Exhibit B-213 to GPU, Inc.'s Annual Report on Form U5S for the year 1999, File No. 30-126.


95

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
GPU Capital & GPU Power

B-71
By-Laws of GPU Solar, Inc., adopted as of November 5, 1997 - incorporated by reference to Exhibit B-214 to GPU, Inc.'s Annual Report on Form U5S for the year 1999, File No. 30-126.
 
B-72
Cerrtificate of Merger of GPU Solar, L.L.C. and GPU Solar, Inc., dated January 7, 1997 - incorporated by reference to Exhibit B-215 to GPU, Inc.'s Annual Report on Form U5S for the year 1999, File No. 30-126.
 
B-73
Articles of Association of GPU Argentina Services S.R.L., dated January 15, 1999 - incorporated by reference to Exhibit B-207 to GPU, Inc.’s Annual Report on Form U5S for the year 1999, File No. 30-126
MYR Group

B-74
Restated Certificate of Incorporation of The L.E. Myers Company as of April 29, 1982 - incorporated by reference to Exhibit B-168 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-75
By-Laws of the L.E. Myers Company as Amended and Restated on May 15, 1996 - incorporated by reference to Exhibit B-169 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-76
Certificate of Incorporation of MYRcom, Inc. dated April 20, 1999 - incorporated by reference to Exhibit B-170 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-77
By-Laws of MYRcom, Inc. dated as of April 20, 1999 - incorporated by reference to Exhibit B-173 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-78
Articles of Incorporation of Sturgeon Electric Company, Inc. dated August 20, 1974- incorporated by reference to Exhibit B-174 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-79
Certificate of Merger of Sturgeon Electric Company, Inc., a Colorado Corporation into Sturgeon Electric Company, Inc. a Michigan Corporation dated August 30, 1974 - incorporated by reference to Exhibit B-175 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-80
Agreement and Plan of Merger - Sturgeon Electric Company, Inc., a Colorado Corporation into Sturgeon Electric Company, Inc., a Michigan Corporation dated dated August 30, 1974 - incorporated by reference to Exhibit B-176 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-81
Certificate of Merger of Harsub, Inc. into Sturgeon Electric Company, Inc. dated September 26, 1974 - incorporated by reference to Exhibit B-177 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-82
Plan of Merger of Sturgeon Electric Company, Inc. and Harsub, Inc. dated September 4, 1974 - incorporated by reference to Exhibit B-178 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-83
By-Laws of Sturgeon Electric Company, Inc. as Amended and Restated on May 15, 1996 - incorporated by reference to Exhibit B-179 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.


96

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
MYR Group

B-84
Certificate of Incorporation of MYRpower, Inc. dated April 18, 2000 - incorporated by reference to Exhibit B-180 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-85
By-Laws of MYRpower, Inc. dated April 19, 2000 - incorporated by reference to Exhibit B-183 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-86
Articles of Incorporation of Harlan Electric Company dated December 26, 1940 - incorporated by reference to Exhibit B-184 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-87
By-Laws of Harlan Electric Company as Amended and Restated on May 15, 1996 - incorporated by reference to Exhibit B-185 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-88
Articles of Incorporation of ComTel Technology, Inc. dated March 23, 1983 - incorporated by reference to Exhibit B-186 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-89
By-Laws of ComTel Technology dated March 23, 1983 - incorporated by reference to Exhibit B-187 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-90
Articles of Incorporation of Power Piping Company dated October 31, 1963 - incorporated by reference to Exhibit B-188 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-91
By-Laws of Power Piping Company as Amended and Restated on May 15, 1996 - incorporated by reference to Exhibit B-189 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-92
Restated Certificate of Incorporation of MYR Group Inc. dated December 14, 1995 - incorporated by reference to Exhibit B-192 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-93
Certificate of Amendment of Amended and Restated Certificate of Incorporation of MYR Group Inc. dated May 23, 1996 - incorporated by reference to Exhibit B-193 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-94
Certificate of Amendment of Amended and Restated Certificate of Incorporation of MYR Group Inc. dated May 10, 1999 - incorporated by reference to Exhibit B-194 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-95
Certificate of Ownership and Merger Merging GPX Acquisition Corporation With and Into MYR Group Inc. dated April 26, 2000 - incorporated by reference to Exhibit B-195 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-96
Amended and Restated Certificate of Incorporation of MYR Group Inc. - incorporated by reference to Exhibit B-196 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-97
By-Laws of MYR Group Inc. - incorporated by reference to Exhibit B-197 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.



97

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
MYR Group

B-98
Articles of Amendment to the Articles of Incorporation of Alvarado-Martinez Construction Management Corporation (Great Southwestern Construction, Inc.) dated June 28, 1977 - incorporated by reference to Exhibit B-198 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-99
Articles of Incorporation of Alvarado-Martinez Construction Management Corporation (Great Southwestern Construction, Inc) dated June 15, 1977 - incorporated by reference to Exhibit B-199 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-100
Articles of Amendment to the Articles of Incorporation of Alvarado-Martinez Construction Management Corporation (Great Southwestern Construction, Inc.) dated November 13, 1980 - incorporated by reference to Exhibit B-200 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-101
By-Laws of the Alvarado-Martinez Construction Management Corporation (Great Southwestern Construction, Inc.) - incorporated by reference to Exhibit B-201 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-102
Articles of Incorporation of Hawkeye Construction, Inc. dated September 5, 1984 - incorporated by reference to Exhibit B-202 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.

B-103
By-Laws of Hawkeye Construction, Inc. dated September 5, 1984 - incorporated by reference to Exhibit B-203 to GPU, Inc.’s Annual Report on Form U5S for the year 2000, File No. 001-06047.


C.         Instruments Defining the Rights of Security Holders, including Identures, Outstanding and Uncompleted Contracts or Agreements
 
FirstEnergy

C-1
Rights Agreement, dated December 1, 1997 - incorporated by reference to Exhibit 4.1, Form 8-K.

C-2
FirstEnergy Corp. to The Bank of New York, Supplemental Indenture, dated November 7, 2001 - incorporated by reference to Exhibit 4-2 to FirstEnergy’s Annual Report on Form 10-K for 2001, File No. 333-21011.

C-3
FirstEnergy Corp. Executive and Director Incentive Compensation Plan, revised November 15, 1999 - incorporated by reference to Exhibit 10-1 to FirstEnergy’s Annual Report on Form 10-K for 1999, File No. 333-21011.

C-4
Amended FirstEnergy Corp. Deferred Compensation Plan for Directors, revised November 15, 1999 - incorporated by reference to Exhibit 10-2 to FirstEnergy’s Annual Report on Form 10-K for 1999, File No. 333-21011.

C-5
Employment, severance and change of control agreement between FirstEnergy Corp. and executive officers - incorporated by reference to Exhibit 10-3 to FirstEnergy’s Annual Report on Form 10-K for 1999, File No. 333-21011.

C-6
FirstEnergy Corp. Supplemental Executive Retirement Plan, amended January 1, 1999 - incorporated by reference to Exhibit 10-4 to FirstEnergy’s Annual Report on Form 10-K for 1999, File No. 333-21011.


98

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits

FirstEnergy

C-7
FirstEnergy Corp. Executive Incentive Compensation Plan -incorporated by reference to Exhibit 10-5 to FirstEnergy’s Annual Report on Form 10-K for 1999, File No. 333-21011.

C-8
Restricted stock agreement between FirstEnergy Corp. and A. J. Alexander - incorporated by reference to Exhibit 10-6 to FirstEnergy’s Annual Report on Form 10-K for 1999, File No. 333-21011.

C-9
FirstEnergy Corp. Executive and Director Incentive Compensation Plan - incorporated by reference to Exhibit 10-1 to FirstEnergy’s Annual Report on Form 10-K for 1998, File No. 333-21011.

C-10
Amended FirstEnergy Corp. Deferred Compensation Plan for Directors, amended February 15, 1999 - incorporated by reference to Exhibit 10-2 to FirstEnergy’s Annual Report on Form 10-K for 1998, File No. 333-21011.

C-11
Restricted stock agreement between FirstEnergy Corp. and A. J. Alexander - incorporated by reference to Exhibit 10-9 to FirstEnergy’s Annual Report on Form 10-K for 2000, File No. 333-21011.

C-12
Restricted stock agreement between FirstEnergy Corp. and H. P. Burg - incorporated by reference to Exhibit 10-10 to FirstEnergy’s Annual Report on Form 10-K for 2000, File No. 333-21011.

C-13
Stock option agreement between FirstEnergy Corp. and officers dated November 22, 2000 - incorporated by reference to Exhibit 10-11 to FirstEnergy’s Annual Report on Form 10-K for 2000, File No. 333-21011.

C-14
Stock option agreement between FirstEnergy Corp. and officers dated March 1, 2000 - incorporated by reference to Exhibit 10-12 to FirstEnergy’s Annual Report on Form 10-K for 2000, File No. 333-21011.

C-15
Stock option agreement between FirstEnergy Corp. and director dated January 1, 2000 - incorporated by reference to Exhibit 10-13 to FirstEnergy’s Annual Report on Form 10-K for 2000, File No. 333-21011.

C-16
Stock option agreement between FirstEnergy Corp. and two directors dated January 1, 2001 - incorporated by reference to Exhibit 10-14 to FirstEnergy’s Annual Report on Form 10-K for 2000, File No. 333-21011.

C-17
Executive and Director Incentive Compensation Plan dated May 15, 2001 - incorporated by reference to Exhibit 10-15 to FirstEnergy’s Annual Report on Form 10-K for 2001, File No. 333-21011.

C-18
Amended FirstEnergy Corp. Deferred Compensation Plan for Directors, revised September 18, 2000 - incorporated by reference to Exhibit 10-16 to FirstEnergy’s Annual Report on Form 10-K for 2001, File No. 333-21011.

C-19
Stock Option Agreements between FirstEnergy Corp. and Officers dated May 16, 2001 - incorporated by reference to Exhibit 10-17 to FirstEnergy’s Annual Report on Form 10-K for 2001, File No. 333-21011.

C-20
Restricted Stock Agreements between FirstEnergy Corp. and Officers dated February 20, 2002 - incorporated by reference to Exhibit 10-18 to FirstEnergy’s Annual Report on Form 10-K for 2001, File No. 333-21011.



99

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
FirstEnergy

C-21
Stock Option Agreements between FirstEnergy Corp. and One Director dated January 1, 2002 - incorporated by reference to Exhibit 10-19 to FirstEnergy’s Annual Report on Form 10-K for 2001, File No. 333-21011.

C-22
FirstEnergy Corp. Executive Deferred Compensation Plan - incorporated by reference to Exhibit 10-20 to FirstEnergy’s Annual Report on Form 10-K for 2001, File No. 333-21011.

C-23
Executive Incentive Compensation Plan-Tier 2 - incorporated by reference to Exhibit 10-21 to FirstEnergy’s Annual Report on Form 10-K for 2001, File No. 333-21011.

C-24
Executive Incentive Compensation Plan-Tier 3 - incorporated by reference to Exhibit 10-22 to FirstEnergy’s Annual Report on Form 10-K for 2001, File No. 333-21011.

C-25
Executive Incentive Compensation Plan-Tier 4 - incorporated by reference to Exhibit 10-23 to FirstEnergy’s Annual Report on Form 10-K for 2001, File No. 333-21011.

C-26
Executive Incentive Compensation Plan-Tier 5 - incorporated by reference to Exhibit 10-24 to FirstEnergy’s Annual Report on Form 10-K for 2001, File No. 333-21011.

C-27
Executive and Director Stock Option Agreement dated June 11, 2002 - incorporated by reference to Exhibit 10-28 to FirstEnergy’s Annual Report on Form 10-K for 2002, File No. 333-21011.

C-28
Director Stock Option Agreement - incorporated by reference to Exhibit 10-29 to FirstEnergy’s Annual Report on Form 10-K for 2002, File No. 333-21011.

C-29
Executive and Director Incentive Compensation Plan, Amendment dated May 21, 2002 - incorporated by reference to Exhibit 10-30 to FirstEnergy’s Annual Report on Form 10-K for 2002, File No. 333-21011.

C-30
Directors Deferred Compensation Plan, Revised November 19, 2002 - incorporated by reference to Exhibit 10-31 to FirstEnergy’s Annual Report on Form 10-K for 2002, File No. 333-21011.

C-31
Executive Incentive Compensation Plan 2002 - incorporated by reference to Exhibit 10-32 to FirstEnergy’s Annual Report on Form 10-K for 2002, File No. 333-21011.

C-32
Form of 1998 Stock Option Agreement under the 1990 Stock Plan for Employees of GPU, Inc. and Subsidiaries - incorporated by reference to GPU, Inc.'s Annual Report on Form 10-K, Exhibit 10-Q, for the year 1998, File No. 1-6047.

C-33
Severance Protection Agreement for Carole B. Snyder, dated November 30, 1998 - incorporated by reference to Exhibit C-27 to GPU, Inc.'s Annual Report on Form U5S for the year 1999, File No. 30-126.

C-34
GPU, Inc. 1990 Stock Plan for Employees of GPU, Inc. and Subsidiaries as amended and restated to reflect amendments through June 3, 1999 - incorporated by reference to Exhibit 10-V of GPU, Inc.'s Annual Report on Form 10-K for the year 1999, File No. 1-6047.

C-35
Form of 1999 Stock Option Agreement under the 1990 Stock Plan for Employees of GPU, Inc. and Subsidiaries - incorporated by reference to Exhibit 10-W of GPU, Inc.'s Annual Report on Form 10-K for the year 1999, File No. 1-6047.


100

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
FirstEnergy

C-36
Forms of Estate Enhancement Program Agreements - incorporated by reference to Exhibit 10-JJ of GPU, Inc.'s Annual Report on Form 10-K for the year 1999, File No. 1-6047.

C-37
Amended and restated Retirement Plan for Outside Directors of GPU, Inc. dated as of August 8, 2000 - incorporated by reference to Exhibit 10-N on GPU, Inc.’s Annual Report on Form 10-K for the year 2000, File No. 1-6047.

C-38
Amended and restated Deferred Remuneration Plan for GPU, Inc.’s Outside Directors dated as of August 8, 2000 - incorporated by reference to Exhibit 10-O on GPU, Inc.’s Annual Report on Form 10-K for the year 2000, File No. 1-6047.

C-39
Amendment to GPU, Inc. 1990 Stock Plan dated as of April 5, 2001 - incorporated by reference to Exhibit C-41 to GPU Inc.’s Annual Report on Form U5S for the year 2000, File No. 1-6047.

C-40
GPU, Inc. Stock Option and Restricted Stock Plan for MYR Group Inc. Employees amended as of April 5, 2001 - incorporated by reference to Exhibit C-43 to GPU Inc.’s Annual Report on Form U5S for the year 2000, File No. 1-6047.

C-41
Amendment to the Severance Protection Agreement for Carole B. Snyder, dated August 8, 2000.

C-42
Amendment to the Special Severance Protection Agreement for Carole B. Snyder, dated November 7, 2001.

C-43
Special Severance Protection Agreement for Carole B. Snyder, dated October 13, 2001.

C-44
Amendment to the Severance Protection Agreement for Carole B. Snyder, dated July 29, 2003.

C-45
Form of Amendment, effective November 7, 2001, to GPU, Inc. 1990 Stock Plan for Employees of GPU, Inc. and Subsidiaries, Deferred Remuneration Plan for Outside Directors of GPU, Inc., and Retirement Plan for Outside Directors of GPU, Inc. (2001 Form 10-K, Exhibit 10-26).

C-46
Executive and Director Stock Option Agreement dated June 11, 2002. (2002 Form 10-K, Exhibit 10-28).

C-47
$1Billion Three-Year Credit Agreement dated as of June 22, 2004 among FirstEnergy Corp., the Banks named therein, Citicorp USA, Inc., as Administrative and Fronting Bank and Barclays Bank PLC as Fronting Bank. (2004 Form 10-K, Exhibit 10-1)

C-48
$375,000,000 Three-Year Credit Agreement dated as of October 23, 2003 among FirstEnergy Corp., the Banks named therein, Citibank, N.A., as Administrative Agent and Bank One, NA, as Fronting Bank. (2004 Form 10-K, Exhibit 10-2)

C-49
Deferred Compensation Plan for Outside Directors, effective November 7, 2001, incorporated by reference to Exhibit 4(f), Form S-8, File No. 333-101472.



101

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
FirstEnergy

C-50
Employment Agreement between FirstEnergy and an officer dated July 20, 2004, (September 30, 2004 Form 10-Q, Exhibit 10-41).

C-51
Stock Option Agreement between FirstEnergy and an officer dated August 20, 2004. (September 30, 2004 Form 10-Q, Exhibit 10-42).

C-52
Restricted Stock Agreement between FirstEnergy and an officer dated August 20, 2004. (September 30, 2004 Form 10-Q, Exhibit 10-43).

C-53
Executive Bonus Plan between FirstEnergy and Officers dated October 31, 2004. (September 30, 2004 Form 10-Q, Exhibit 10-44).

C-54
Form of Employment, Severance, and Change of Control Agreement, between FirstEnergy and A. J. Alexander. (2004 Form 10-K, Exhibit 10-12)

C-55
Form of Employment, Severance, and Change of Control Agreement, Tier 1, between FirstEnergy and the following executive officers: C.B. Snyder, L.L. Vespoli, and R.H. Marsh (effective January 1, 2006). (2004 Form 10-K, Exhibit 10-13)

C-56
Form of Employment, Severance, and Change of Control Agreement, Tier 1, between FirstEnergy and the following executive officers: L.M. Cavalier, M.T. Clark, and R.R. Grigg. (2004 Form 10-K, Exhibit 10-14)

C-57
Form of Employment, Severance, and Change of Control Agreement, Tier 2, between FirstEnergy and the following executive officers: K.J. Keough and K.W. Dindo (effective January 1, 2006). (2004 Form 10-K, Exhibit 10-15)

C-58
Form of Employment, Severance, and Change of Control Agreement, Tier 2, between FirstEnergy and G. L. Pipitone. (2004 Form 10-K, Exhibit 10-16)

C-59
Executive and Director Incentive Compensation Plan, Amendment dated January 18, 2005. (2004 Form 10-K, Exhibit 10-3)

C-60
Form of Restricted Stock Agreements, between FirstEnergy and Officers. (2004 Form 10-K, Exhibit 10-5)

C-61
Form of Restricted Stock Unit Agreements (Performance Adjusted), between FirstEnergy and Officers. (2004 Form 10-K, Exhibit 10-4)

C-62
Form of Restricted Stock Agreement, between FirstEnergy and an officer. (2004 Form 10-K, Exhibit 10-6)



102

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE

C-63
Indenture dated as of August 1, 1930 between OE and Bankers Trust Company, (now the Bank of New York), as Trustee, as amended and supplemented by Supplemental Indentures:


Dated as of
  
File Reference
  
Exhibit No.
March 3, 1931
  
Form 10-K, 2-1725
  
B1,B-1(a),B-1(b)
November 1, 1935
  
Form 10-K, 2-2721
  
B-4
January 1, 1937
  
Form 10-K, 2-3402
  
B-5
September 1, 1937
  
Form 8-A
  
B-6
June 13, 1939
  
Form 10-K, 2-5462
  
7(a)-7
August 1, 1974
  
Form 8-A, August 28, 1974
  
2(b)
July 1, 1976
  
Form 8-A, July 28, 1976
  
2(b)
December 1, 1976
  
Form 8-A, December 15, 1976
  
2(b)
June 15, 1977
  
Form 8-A, June 27, 1977
  
2(b)
Supplemental Indentures:
        
September 1, 1944
  
Form 10-K, 2-61146
  
2(b)(2)
April 1, 1945
  
Form 10-K, 2-61146
  
2(b)(2)
September 1, 1948
  
Form 10-K, 2-61146
  
2(b)(2)
May 1, 1950
  
Form 10-K, 2-61146
  
2(b)(2)
January 1, 1954
  
Form 10-K, 2-61146
  
2(b)(2)
May 1, 1955
  
Form 10-K, 2-61146
  
2(b)(2)
August 1, 1956
  
Form 10-K, 2-61146
  
2(b)(2)
March 1, 1958
  
Form 10-K, 2-61146
  
2(b)(2)
April 1, 1959
  
Form 10-K, 2-61146
  
2(b)(2)
June 1, 1961
  
Form 10-K, 2-61146
  
2(b)(2)
September 1, 1969
  
Form 10-K, 2-34351
  
2(b)(2)
May 1, 1970
  
Form 10-K, 2-37146
  
2(b)(2)
September 1, 1970
  
Form 10-K, 2-38172
  
2(b)(2)
June 1, 1971
  
Form 10-K, 2-40379
  
2(b)(2)
August 1, 1972
  
Form 10-K, 2-44803
  
2(b)(2)
September 1, 1973
  
Form 10-K, 2-48867
  
2(b)(2)
May 15, 1978
  
Form 10-K, 2-66957
  
2(b)(4)
February 1, 1980
  
Form 10-K, 2-66957
  
2(b)(5)
April 15, 1980
  
Form 10-K, 2-66957
  
2(b)(6)
June 15, 1980
  
Form 10-K, 2-68023
  
(b)(4)(b)(5)
October 1, 1981
  
Form 10-K, 2-74059
  
(4)(d)
October 15, 1981
  
Form 10-K, 2-75917
  
(4)(e)
February 15, 1982
  
Form 10-K, 2-75917
  
(4)(e)
July 1, 1982
  
Form 10-K, 2-89360
  
(4)(d)
March 1, 1983
  
Form 10-K, 2-89360
  
(4)(e)
March 1, 1984
  
Form 10-K, 2-89360
  
(4)(f)
September 15, 1984
  
Form 10-K, 2-92918
  
(4)(d)
September 27, 1984
  
Form 10-K, 33-2576
  
(4)(d)
November 8, 1984
  
Form 10-K, 33-2576
  
(4)(d)
December 1, 1984
  
Form 10-K, 33-2576
  
(4)(d)
December 5, 1984
  
Form 10-K, 33-2576
  
(4)(e)
January 30, 1985
  
Form 10-K, 33-2576
  
(4)(e)
February 25, 1985
  
Form 10-K, 33-2576
  
(4)(e)


103

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE
 
Dated as of
  
File Reference
  
Exhibit No.
Supplemental Indentures:
        
July 1, 1985
  
Form 10-K, 33-2576
  
(4)(e)
October 1, 1985
  
Form 10-K, 33-2576
  
(4)(e)
January 15, 1986
  
Form 10-K, 33-8791
  
(4)(d)
May 20, 1986
  
Form 10-K, 33-8791
  
(4)(d)
June 3, 1986
  
Form 10-K, 33-8791
  
(4)(e)
October 1, 1986
  
Form 10-K, 33-29827
  
(4)(d)
August 25, 1989
  
Form 10-K, 33-34663
  
(4)(d)
February 15, 1991
  
Form 10-K, 33-39713
  
(4)(d)
May 1, 1991
  
Form 10-K, 33-45751
  
(4)(d)
May 15, 1991
  
Form 10-K, 33-45751
  
(4)(d)
September 15, 1991
  
Form 10-K, 33-45751
  
(4)(d)
April 1, 1992
  
Form 10-K, 33-48931
  
(4)(d)
June 15, 1992
  
Form 10-K, 33-48931
  
(4)(d)
September 15, 1992
  
Form 10-K, 33-48931
  
(4)(e)
April 1, 1993
  
Form 10-K, 33-51139
  
(4)(d)
June 15, 1993
  
Form 10-K, 33-51139
  
(4)(d)
September 15, 1993
  
Form 10-K, 33-51139
  
(4)(d)
November 15, 1993
  
Form 10-K, 1-2578
  
(4)(2)
April 1, 1995
  
Form 10-K, 1-2578
  
(4)(2)
May 1, 1995
  
Form 10-K, 1-2578
  
(4)(2)
July 1, 1995
  
Form 10-K, 1-2578
  
(4)(2)
June 1, 1997
  
Form 10-K, 1-2578
  
(4)(2)
April 1, 1998
  
Form 10-K, 1-2578
  
(4)(2)
June 1, 1998
  
Form 10-K, 1-2578
  
(4)(2)
September 29, 1999
  
Form 10-K, 1-2578
  
(4)(2)
April 1, 2000
  
Form 10-K, 1-2578
  
(4)(2)(a)
April 1, 2000
  
Form 10-K, 1-2578
  
(4)(2)(b)
June 1, 2001
  
2003 Form 10-K, 1-2578
    
February 1, 2003
  
2003 Form 10-K, 1-2578
  
(4)(2)
March 1, 2003
  
2003 Form 10-K, 1-2578
  
(4)(2)
August 1, 2003
  
2003 Form 10-K, 1-2578
  
(4)(2)

C-64
General Mortgage Indenture and Deed of Trust dated as of January 1, 1998 between OE and the Bank of New York, as Trustee. (Registration No. 333-05277, Exhibit 4(g).)

C-65
Indenture dated as of April 1, 2003 between OE and The Bank of New York, as Trustee, incorporated by reference to Exhibit 4-3 on FirstEnergy Annual Report on Form 10-K, for the year 2003, File No. 1-2578.

C-66
Ohio Edison System Executive Supplemental Life Insurance Plan. (1995 Form 10-K, Exhibit 10-44.)
 
June 1, 2003
  
2004 Form 10-K, 1-2578
  
(4)(2)
June 1, 2003
  
2004 Form 10-K, 1-2578
  
(4)(2)
December 1, 2003
  
2004 Form 10-K, 1-2578
  
(4)(2)


104

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE

C-67
Ohio Edison System Executive Incentive Compensation Plan. (1995 Form 10-K, Exhibit 10-45.)

C-68
Ohio Edison System Restated and Amended Executive Deferred Compensation Plan. (1995 Form 10-K, Exhibit 10-46.)

C-69
Ohio Edison System Restated and Amended Supplemental Executive Retirement Plan. (1995 Form 10-K, Exhibit 10-47.)

C-70
Severance pay agreement between Ohio Edison Company and A. J. Alexander. (1995 Form 10-K, Exhibit 10-50.)

C-71
Participation Agreement dated as of March 16, 1987 among Perry One Alpha Limited Partnership, as Owner Participant, the Original Loan Participants listed in Schedule 1 Hereto, as Original Loan Participants, PNPP Funding Corporation, as Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company, as Indenture Trustee and Ohio Edison Company, as Lessee. (1986 Form 10-K, Exhibit 28-1.)

C-72
Amendment No. 1 dated as of September 1, 1987 to Participation Agreement dated as of March 16, 1987 among Perry One Alpha Limited Partnership, as Owner Participant, the Original Loan Participants listed in Schedule 1 thereto, as Original Loan Participants, PNPP Funding Corporation, as Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company (now The Bank of New York), as Indenture Trustee, and Ohio Edison Company, as Lessee. (1991 Form 10-K, Exhibit 10-46.)

C-73
Amendment No. 3 dated as of May 16, 1988 to Participation Agreement dated as of March 16, 1987, as amended among Perry One Alpha Limited Partnership, as Owner Participant, PNPP Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company, as Indenture Trustee, and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-47.)

C-74
Amendment No. 4 dated as of November 1, 1991 to Participation Agreement dated as of March 16, 1987 among Perry One Alpha Limited Partnership, as Owner Participant, PNPP Funding Corporation, as Funding Corporation, PNPP II Funding Corporation, as New Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company, as Lessee. (1991 Form 10-K, Exhibit 10-47.)

C-75
Amendment No. 5 dated as of November 24, 1992 to Participation Agreement dated as of March 16, 1987, as amended, among Perry One Alpha Limited Partnership, as Owner Participant, PNPP Funding Corporation, as Funding Corporation, PNPP II Funding Corporation, as New Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company as Lessee. (1992 Form 10-K, Exhibit 10-49.)

C-76
Amendment No. 6 dated as of January 12, 1993 to Participation Agreement dated as of March 16, 1987 among Perry One Alpha Limited Partnership, as Owner Participant, PNPP Funding Corporation, as Funding Corporation, PNPP II Funding Corporation, as New Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-50.)


105

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE

C-77
Amendment No. 7 dated as of October 12, 1994 to Participation Agreement dated as of March 16, 1987 as amended, among Perry One Alpha Limited Partnership, as Owner Participant, PNPP Funding Corporation, as Funding Corporation, PNPP II Funding Corporation, as New Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-54.)

C-78
Facility Lease dated as of March 16, 1987 between The First National Bank of Boston, as Owner Trustee, with Perry One Alpha Limited Partnership, Lessor, and Ohio Edison Company, Lessee. (1986 Form 10-K, Exhibit 28-2.)

C-79
Amendment No. 1 dated as of September 1, 1987 to Facility Lease dated as of March 16, 1997 between The First National Bank of Boston, as Owner Trustee, Lessor and Ohio Edison Company, Lessee. (1991 Form 10-K, Exhibit 10-49.)

C-80
Amendment No. 2 dated as of November 1, 1991, to Facility Lease dated as of March 16, 1987, between The First National Bank of Boston, as Owner Trustee, Lessor and Ohio Edison Company, Lessee. (1991 Form 10-K, Exhibit 10-50.)

C-81
Amendment No. 3 dated as of November 24, 1992 to Facility Lease dated as March 16, 1987 as amended, between The First National Bank of Boston, as Owner Trustee, with Perry One Alpha Limited partnership, as Owner Participant and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-54.)

C-82
Amendment No. 4 dated as of January 12, 1993 to Facility Lease dated as of March 16, 1987 as amended, between, The First National Bank of Boston, as Owner Trustee, with Perry One Alpha Limited Partnership, as Owner Participant, and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-59.)

C-83
(Amendment No. 5 dated as of October 12, 1994 to Facility Lease dated as of March 16, 1987 as amended, between, The First National Bank of Boston, as Owner Trustee, with Perry One Alpha Limited Partnership, as Owner Participant, and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-60.)

C-84
Letter Agreement dated as of March 19, 1987 between Ohio Edison Company, Lessee, and The First National Bank of Boston, Owner Trustee under a Trust dated March 16, 1987 with Chase Manhattan Realty Leasing Corporation, required by Section 3(d) of the Facility Lease. (1986 Form 10-K, Exhibit 28-3.)

C-85
Ground Lease dated as of March 16, 1987 between Ohio Edison Company, Ground Lessor, and The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of March 16, 1987, with the Owner Participant, Tenant. (1986 Form 10-K, Exhibit 28-4.)

C-86
Trust Agreement dated as of March 16, 1987 between Perry One Alpha Limited Partnership, as Owner Participant, and The First National Bank of Boston. (1986 Form 10-K, Exhibit 28-5.)

C-87
Trust Indenture, Mortgage, Security Agreement and Assignment of Facility Lease dated as of March 16, 1987 between The First National Bank of Boston, as Owner Trustee under a Trust Agreement dated as of March 16, 1987 with Perry One Alpha Limited Partnership, and Irving Trust Company, as Indenture Trustee. (1986 Form 10-K, Exhibit 28-6.)



106

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE

C-88
Supplemental Indenture No. 1 dated as of September 1, 1987 to Trust Indenture, Mortgage, Security Agreement and Assignment of Facility Lease dated as of March 16, 1987 between The First National Bank of Boston as Owner Trustee and Irving Trust Company (now The Bank of New York), as Indenture Trustee. (1991 Form 10-K, Exhibit 10-55.)

C-89
Supplemental Indenture No. 2 dated as of November 1, 1991 to Trust Indenture, Mortgage, Security Agreement and Assignment of Facility Lease dated as of March 16, 1987 between The First National Bank of Boston, as Owner Trustee and The Bank of New York, as Indenture Trustee. (1991 Form 10-K, Exhibit 10-56.)

C-90
Tax Indemnification Agreement dated as of March 16, 1987 between Perry One, Inc. and PARock Limited Partnership as General Partners and Ohio Edison Company, as Lessee. (1986 Form 10-K, Exhibit 28-7.)

C-91
Amendment No. 1 dated as of November 1, 1991 to Tax Indemnification Agreement dated as of March 16, 1987 between Perry One, Inc. and PARock Limited Partnership and Ohio Edison Company. (1991 Form 10-K, Exhibit 10-58.)

C-92
Amendment No. 2 dated as of January 12, 1993 to Tax Indemnification Agreement dated as of March 16, 1987 between Perry One, Inc. and PARock Limited Partnership and Ohio Edison Company. (1994 Form 10-K, Exhibit 10-69.)

C-93
Amendment No. 3 dated as of October 12, 1994 to Tax Indemnification Agreement dated as of March 16, 1987 between Perry One, Inc. and PARock Limited Partnership and Ohio Edison Company. (1994 Form 10-K, Exhibit 10-70.)

C-94
Partial Mortgage Release dated as of March 19, 1987 under the Indenture between Ohio Edison Company and Bankers Trust Company, as Trustee, dated as of the 1st day of August 1930. (1986 Form 10-K, Exhibit 28-8.)

C-95
Assignment, Assumption and Further Agreement dated as of March 16, 1987 among The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of March 16, 1987, with Perry One Alpha Limited Partnership, The Cleveland Electric Illuminating Company, Duquesne Light Company, Ohio Edison Company, Pennsylvania Power Company and Toledo Edison Company. (1986 Form 10-K, Exhibit 28-9.)

C-96
Additional Support Agreement dated as of March 16, 1987 between The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of March 16, 1987, with Perry One Alpha Limited Partnership, and Ohio Edison Company. (1986 Form 10-K, Exhibit 28-10.)

C-97
Bill of Sale, Instrument of Transfer and Severance Agreement dated as of March 19, 1987 between Ohio Edison Company, Seller, and The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of March 16, 1987, with Perry One Alpha Limited Partnership. (1986 Form 10-K, Exhibit 28-11.)

C-98
Easement dated as of March 16, 1987 from Ohio Edison Company, Grantor, to The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of March 16, 1987, with Perry One Alpha Limited Partnership, Grantee. (1986 Form 10-K, File Exhibit 28-12.)

107

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE

C-99
Participation Agreement dated as of March 16, 1987 among Security Pacific Capital Leasing Corporation, as Owner Participant, the Original Loan Participants listed in Schedule 1 Hereto, as Original Loan Participants, PNPP Funding Corporation, as Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company, as Indenture Trustee and Ohio Edison Company, as Lessee. (1986 Form 10-K, as Exhibit 28-13.)

C-100
Amendment No. 1 dated as of September 1, 1987 to Participation Agreement dated as of March 16, 1987 among Security Pacific Capital Leasing Corporation, as Owner Participant, The Original Loan Participants Listed in Schedule 1 thereto, as Original Loan Participants, PNPP Funding Corporation, as Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company, as Indenture Trustee and Ohio Edison Company, as Lessee. (1991 Form 10-K, Exhibit 10-65.)

C-101
Amendment No. 4 dated as of November 1, 1991, to Participation Agreement dated as of March 16, 1987 among Security Pacific Capital Leasing Corporation, as Owner Participant, PNPP Funding Corporation, as Funding Corporation, PNPP II Funding Corporation, as New Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company, as Lessee. (1991 Form 10-K, Exhibit 10-66.)

C-102
Amendment No. 5 dated as of November 24, 1992 to Participation Agreement dated as of March 16, 1987 as amended among Security Pacific Capital Leasing Corporation, as Owner Participant, PNPP Funding Corporation, as Funding Corporation, PNNP II Funding Corporation, as New Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-71.)

C-103
Amendment No. 6 dated as of January 12, 1993 to Participation Agreement dated as of March 16, 1987 as amended among Security Pacific Capital Leasing Corporation, as Owner Participant, PNPP Funding Corporation, as Funding Corporation, PNPP II Funding Corporation, as New Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-80.)

C-104
Amendment No. 7 dated as of October 12, 1994 to Participation Agreement dated as of March 16, 1987 as amended among Security Pacific Capital Leasing Corporation, as Owner Participant, PNPP Funding Corporation, as Funding Corporation, PNPP II Funding Corporation, as New Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-81.)

C-105
Facility Lease dated as of March 16, 1987 between The First National Bank of Boston, as Owner Trustee, with Security Pacific Capital Leasing Corporation, Lessor, and Ohio Edison Company, as Lessee. (1986 Form 10-K, Exhibit 28-14.)

C-106
Amendment No. 1 dated as of September 1, 1987 to Facility Lease dated as of March 16, 1987 between The First National Bank of Boston as Owner Trustee, Lessor and Ohio Edison Company, Lessee. (1991 Form 10-K, Exhibit 10-68.)

C-107
Amendment No. 2 dated as of November 1, 1991 to Facility Lease dated as of March 16, 1987 between The First National Bank of Boston as Owner Trustee, Lessor and Ohio Edison Company, Lessee. (1991 Form 10-K, Exhibit 10-69.)



108

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE

C-108
Amendment No. 3 dated as of November 24, 1992 to Facility Lease dated as of March 16, 1987, as amended, between, The First National Bank of Boston, as Owner Trustee, with Security Pacific Capital Leasing Corporation, as Owner Participant and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-75.)

C-109
Amendment No. 4 dated as of January 12, 1993 to Facility Lease dated as of March 16, 1987 as amended between, The First National Bank of Boston, as Owner Trustee, with Security Pacific Capital Leasing Corporation, as Owner Participant, and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-76.)

C-110
Amendment No. 5 dated as of October 12, 1994 to Facility Lease dated as of March 16, 1987 as amended between, The First National Bank of Boston, as Owner Trustee, with Security Pacific Capital Leasing Corporation, as Owner Participant, and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-87.)

C-111
Letter Agreement dated as of March 19, 1987 between Ohio Edison Company, as Lessee, and The First National Bank of Boston, as Owner Trustee under a Trust, dated as of March 16, 1987, with Security Pacific Capital Leasing Corporation, required by Section 3(d) of the Facility Lease. (1986 Form 10-K, Exhibit 28-15.)

C-112
Ground Lease dated as of March 16, 1987 between Ohio Edison Company, Ground Lessor, and The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of March 16, 1987, with Perry One Alpha Limited Partnership, Tenant. (1986 Form 10-K, Exhibit 28-16.)

C-113
Trust Agreement dated as of March 16, 1987 between Security Pacific Capital Leasing Corporation, as Owner Participant, and The First National Bank of Boston. (1986 Form 10-K, Exhibit 28-17.)

C-114
Trust Indenture, Mortgage, Security Agreement and Assignment of Facility Lease dated as of March 16, 1987 between The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of March 16, 1987, with Security Pacific Capital Leasing Corporation, and Irving Trust Company, as Indenture Trustee. (1986 Form 10-K, Exhibit 28-18.)

C-115
Supplemental Indenture No. 1 dated as of September 1, 1987 to Trust Indenture, Mortgage, Security Agreement and Assignment of Facility Lease dated as of March 16, 1987 between The First National Bank of Boston, as Owner Trustee and Irving Trust Company (now The Bank of New York), as Indenture Trustee. (1991 Form 10-K, Exhibit 10-74.)

C-116
Supplemental Indenture No. 2 dated as of November 1, 1991 to Trust Indenture, Mortgage, Security Agreement and Assignment of Facility Lease dated as of March 16, 1987 between The First National Bank of Boston, as Owner Trustee and The Bank of New York, as Indenture Trustee. (1991 Form 10-K, Exhibit 10-75.)

C-117
Tax Indemnification Agreement dated as of March 16, 1987 between Security Pacific Capital Leasing Corporation, as Owner Participant, and Ohio Edison Company, as Lessee. (1986 Form 10-K, Exhibit 28-19.)



109

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE

C-118
Amendment No. 1 dated as of November 1, 1991 to Tax Indemnification Agreement dated as of March 16, 1987 between Security Pacific Capital Leasing Corporation and Ohio Edison Company. (1991 Form 10-K, Exhibit 10-77.)

C-119
Amendment No. 2 dated as of January 12, 1993 to Tax Indemnification Agreement dated as of March 16, 1987 between Security Pacific Capital Leasing Corporation and Ohio Edison Company. (1994 Form 10-K, Exhibit 10-96.)

C-120
Amendment No. 3 dated as of October 12, 1994 to Tax Indemnification Agreement dated as of March 16, 1987 between Security Pacific Capital Leasing Corporation and Ohio Edison Company. (1994 Form 10-K, Exhibit 10-97.)

C-121
Assignment, Assumption and Further Agreement dated as of March 16, 1987 among The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of March 16, 1987, with Security Pacific Capital Leasing Corporation, The Cleveland Electric Illuminating Company, Duquesne Light Company, Ohio Edison Company, Pennsylvania Power Company and Toledo Edison Company. (1986 Form 10-K, Exhibit 28-20.)

C-122
Additional Support Agreement dated as of March 16, 1987 between The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of March 16, 1987, with Security Pacific Capital Leasing Corporation, and Ohio Edison Company. (1986 Form 10-K, Exhibit 28-21.)

C-123
Bill of Sale, Instrument of Transfer and Severance Agreement dated as of March 19, 1987 between Ohio Edison Company, Seller, and The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of March 16, 1987, with Security Pacific Capital Leasing Corporation, Buyer. (1986 Form 10-K, Exhibit 28-22.)

C-124
Easement dated as of March 16, 1987 from Ohio Edison Company, Grantor, to The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of March 16, 1987, with Security Pacific Capital Leasing Corporation, Grantee. (1986 Form 10-K, Exhibit 28-23.)

C-125
Refinancing Agreement dated as of November 1, 1991 among Perry One Alpha Limited Partnership, as Owner Participant, PNPP Funding Corporation, as Funding Corporation, PNPP II Funding Corporation, as New Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee, The Bank of New York, as Collateral Trust Trustee, The Bank of New York, as New Collateral Trust Trustee and Ohio Edison Company, as Lessee. (1991 Form 10-K, Exhibit 10-82.)

C-126
Refinancing Agreement dated as of November 1, 1991 among Security Pacific Leasing Corporation, as Owner Participant, PNPP Funding Corporation, as Funding Corporation, PNPP II Funding Corporation, as New Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee, The Bank of New York, as Collateral Trust Trustee, The Bank of New York as New Collateral Trust Trustee and Ohio Edison Company, as Lessee. (1991 Form 10-K, Exhibit 10-83.)

C-127
Receivables Purchase Agreement dated as November 28, 1989, as amended and restated as of April 23, 1993, between OES Capital, Incorporated, Corporate Asset Funding Company, Inc. and Citicorp North America, Inc. (1994 Form 10-K, Exhibit 10-106.)



110

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE

C-128
Guarantee Agreement entered into by Ohio Edison Company dated as of January 17, 1991. (1990 Form 10-K, Exhibit 10-64.)

C-129
Transfer and Assignment Agreement among Ohio Edison Company and Chemical Bank, as trustee under the OE Power Contract Trust. (1990 Form 10-K, Exhibit 10-65.)

C-130
Renunciation of Payments and Assignment among Ohio Edison Company, Monongahela Power Company, West Penn Power Company, and the Potomac Edison Company dated as of January 4, 1991. (1990 Form 10-K, Exhibit 10-66.)

C-131
Transfer and Assignment Agreement dated May 20, 1994 among Ohio Edison Company and Chemical Bank, as trustee under the OE Power Contract Trust. (1994 Form 10-K, Exhibit 10-110.)

C-132
Renunciation of Payments and Assignment among Ohio Edison Company, Monongahela Power Company, West Penn Power Company, and the Potomac Edison Company dated as of May 20, 1994. (1994 Form 10-K, Exhibit 10-111.)

C-133
Transfer and Assignment Agreement dated October 12, 1994 among Ohio Edison Company and Chemical Bank, as trustee under the OE Power Contract Trust. (1994 Form 10-K, Exhibit 10-112.)

C-134
Renunciation of Payments and Assignment among Ohio Edison Company, Monongahela Power Company, West Penn Power Company, and the Potomac Edison Company dated as of October 12, 1994. (1994 Form 10-K, Exhibit 10-113.)

C-135
Participation Agreement dated as of September 15, 1987, among Beaver Valley Two Pi Limited Partnership, as Owner Participant, the Original Loan Participants listed in Schedule 1 Thereto, as Original Loan Participants, BVPS Funding Corporation, as Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company, as Indenture Trustee and Ohio Edison Company as Lessee. (1987 Form 10-K, Exhibit 28-1.)

C-136
Amendment No. 1 dated as of February 1, 1988, to Participation Agreement dated as of September 15, 1987, among Beaver Valley Two Pi Limited Partnership, as Owner Participant, the Original Loan Participants listed in Schedule 1 Thereto, as Original Loan Participants, BVPS Funding Corporation, as Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company, as Indenture Trustee and Ohio Edison Company, as Lessee. (1987 Form 10-K, Exhibit 28-2.)

C-137
Amendment No. 3 dated as of March 16, 1988 to Participation Agreement dated as of September 15, 1987, as amended, among Beaver Valley Two Pi Limited Partnership, as Owner Participant, BVPS Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company, as Indenture Trustee and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-99.)

C-138
Amendment No. 4 dated as of November 5, 1992 to Participation Agreement dated as of September 15, 1987, as amended, among Beaver Valley Two Pi Limited Partnership, as Owner Participant, BVPS Funding Corporation, BVPS II Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-100.)



111

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE

C-139
Amendment No. 5 dated as of September 30, 1994 to Participation Agreement dated as of September 15, 1987, as amended, among Beaver Valley Two Pi Limited Partnership, as Owner Participant, BVPS Funding Corporation, BVPS II Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-118.)

C-140
Facility Lease dated as of September 15, 1987, between The First National Bank of Boston, as Owner Trustee, with Beaver Valley Two Pi Limited Partnership, Lessor, and Ohio Edison Company, Lessee. (1987 Form 10-K, Exhibit 28-3.)

C-141
Amendment No. 1 dated as of February 1, 1988, to Facility Lease dated as of September 15, 1987, between The First National Bank of Boston, as Owner Trustee, with Beaver Valley Two Pi Limited Partnership, Lessor, and Ohio Edison Company, Lessee. (1987 Form 10-K, Exhibit 28-4.)

C-142
Amendment No. 2 dated as of November 5, 1992, to Facility Lease dated as of September 15, 1987, as amended, between The First National Bank of Boston, as Owner Trustee, with Beaver Valley Two Pi Limited Partnership, as Owner Participant, and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-103.)

C-143
Amendment No. 3 dated as of September 30, 1994 to Facility Lease dated as of September 15, 1987, as amended, between The First National Bank of Boston, as Owner Trustee, with Beaver Valley Two Pi Limited Partnership, as Owner Participant, and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-122.)

C-144
Ground Lease and Easement Agreement dated as of September 15, 1987, between Ohio Edison Company, Ground Lessor, and The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of September 15, 1987, with Beaver Valley Two Pi Limited Partnership, Tenant. (1987 Form 10-K, Exhibit 28-5.)

C-145
Trust Agreement dated as of September 15, 1987, between Beaver Valley Two Pi Limited Partnership, as Owner Participant, and The First National Bank of Boston. (1987 Form 10-K, Exhibit 28-6.)

C-146
Trust Indenture, Mortgage, Security Agreement and Assignment of Facility Lease dated as of September 15, 1987, between The First National Bank of Boston, as Owner Trustee under a Trust Agreement dated as of September 15, 1987, with Beaver Valley Two Pi Limited Partnership, and Irving Trust Company, as Indenture Trustee. (1987 Form 10-K, Exhibit 28-7.)

C-147
Supplemental Indenture No. 1 dated as of February 1, 1988 to Trust Indenture, Mortgage, Security Agreement and Assignment of Facility Lease dated as of September 15, 1987 between The First National Bank of Boston, as Owner Trustee under a Trust Agreement dated as of September 15, 1987 with Beaver Valley Two Pi Limited Partnership and Irving Trust Company, as Indenture Trustee. (1987 Form 10-K, Exhibit 28-8.)

C-148
Tax Indemnification Agreement dated as of September 15, 1987, between Beaver Valley Two Pi Inc. and PARock Limited Partnership as General Partners and Ohio Edison Company, as Lessee. (1987 Form 10-K, Exhibit 28-9.)



112

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE

C-149
Amendment No. 1 dated as of November 5, 1992 to Tax Indemnification Agreement dated as of September 15, 1987, between Beaver Valley Two Pi Inc. and PARock Limited Partnership as General Partners and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-128.)

C-150
Amendment No. 2 dated as of September 30, 1994 to Tax Indemnification Agreement dated as of September 15, 1987, between Beaver Valley Two Pi Inc. and PARock Limited Partnership as General Partners and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-129.)

C-151
Tax Indemnification Agreement dated as of September 15, 1987, between HG Power Plant, Inc., as Limited Partner and Ohio Edison Company, as Lessee. (1987 Form 10-K, Exhibit 28-10.)

C-152
Amendment No. 1 dated as of November 5, 1992 to Tax Indemnification Agreement dated as of September 15, 1987, between HG Power Plant, Inc., as Limited Partner and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-131.)

C-153
Amendment No. 2 dated as of September 30, 1994 to Tax Indemnification Agreement dated as of September 15, 1987, between HG Power Plant, Inc., as Limited Partner and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-132.)

C-154
Assignment, Assumption and Further Agreement dated as of September 15, 1987, among The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of September 15, 1987, with Beaver Valley Two Pi Limited Partnership, The Cleveland Electric Illuminating Company, Duquesne Light Company, Ohio Edison Company, Pennsylvania Power Company and Toledo Edison Company. (1987 Form 10-K, Exhibit 28-11.)

C-155
Additional Support Agreement dated as of September 15, 1987, between The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of September 15, 1987, with Beaver Valley Two Pi Limited Partnership, and Ohio Edison Company. (1987 Form 10-K, Exhibit 28-12.)

C-156
Participation Agreement dated as of September 15, 1987, among Chrysler Consortium Corporation, as Owner Participant, the Original Loan Participants listed in Schedule 1 Thereto, as Original Loan Participants, BVPS Funding Corporation as Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company, as Indenture Trustee and Ohio Edison Company, as Lessee. (1987 Form 10-K, Exhibit 28-13.)

C-157
Amendment No. 1 dated as of February 1, 1988, to Participation Agreement dated as of September 15, 1987, among Chrysler Consortium Corporation, as Owner Participant, the Original Loan Participants listed in Schedule 1 Thereto, as Original Loan Participants, BVPS Funding Corporation, as Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company, as Indenture Trustee, and Ohio Edison Company, as Lessee. (1987 Form 10-K, Exhibit 28-14.)

C-158
Amendment No. 3 dated as of March 16, 1988 to Participation Agreement dated as of September 15, 1987, as amended, among Chrysler Consortium Corporation, as Owner Participant, BVPS Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company, as Indenture Trustee, and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-114.)



113

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE

C-159
Amendment No. 4 dated as of November 5, 1992 to Participation Agreement dated as of September 15, 1987, as amended, among Chrysler Consortium Corporation, as Owner Participant, BVPS Funding Corporation, BVPS II Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-115.)

C-160
Amendment No. 5 dated as of January 12, 1993 to Participation Agreement dated as of September 15, 1987, as amended, among Chrysler Consortium Corporation, as Owner Participant, BVPS Funding Corporation, BVPS II Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-139.)

C-161
Amendment No. 6 dated as of September 30, 1994 to Participation Agreement dated as of September 15, 1987, as amended, among Chrysler Consortium Corporation, as Owner Participant, BVPS Funding Corporation, BVPS II Funding Corporation, The First National Bank of Boston, as Owner Trustee, The Bank of New York, as Indenture Trustee and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-140.)

C-162
Facility Lease dated as of September 15, 1987, between The First National Bank of Boston, as Owner Trustee, with Chrysler Consortium Corporation, Lessor, and Ohio Edison Company, as Lessee. (1987 Form 10-K, Exhibit 28-15.)

C-163
Amendment No. 1 dated as of February 1, 1988, to Facility Lease dated as of September 15, 1987, between The First National Bank of Boston, as Owner Trustee, with Chrysler Consortium Corporation, Lessor, and Ohio Edison Company, Lessee. (1987 Form 10-K, Exhibit 28-16.)

C-164
Amendment No. 2 dated as of November 5, 1992 to Facility Lease dated as of September 15, 1987, as amended, between The First National Bank of Boston, as Owner Trustee, with Chrysler Consortium Corporation, as Owner Participant, and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-118.)

C-165
Amendment No. 3 dated as of January 12, 1993 to Facility Lease dated as of September 15, 1987, as amended, between The First National Bank of Boston, as Owner Trustee, with Chrysler Consortium Corporation, as Owner Participant, and Ohio Edison Company, as Lessee. (1992 Form 10-K, Exhibit 10-119.)

C-166
Amendment No. 4 dated as of September 30, 1994 to Facility Lease dated as of September 15, 1987, as amended, between The First National Bank of Boston, as Owner Trustee, with Chrysler Consortium Corporation, as Owner Participant, and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-145.)

C-167
Ground Lease and Easement Agreement dated as of September 15, 1987, between Ohio Edison Company, Ground Lessor, and The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of September 15, 1987, with Chrysler Consortium Corporation, Tenant. (1987 Form 10-K, Exhibit 28-17.)

C-168
Trust Agreement dated as of September 15, 1987, between Chrysler Consortium Corporation, as Owner Participant, and The First National Bank of Boston. (1987 Form 10-K, Exhibit 28-18.)


114

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
OE

C-169
Trust Indenture, Mortgage, Security Agreement and Assignment of Facility Lease dated as of September 15, 1987, between The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of September 15, 1987, with Chrysler Consortium Corporation and Irving Trust Company, as Indenture Trustee. (1987 Form 10-K, Exhibit 28-19.)

C-170
Supplemental Indenture No. 1 dated as of February 1, 1988 to Trust Indenture, Mortgage, Security Agreement and Assignment of Facility Lease dated as of September 15, 1987 between The First National Bank of Boston, as Owner Trustee under a Trust Agreement dated as of September 15, 1987 with Chrysler Consortium Corporation and Irving Trust Company, as Indenture Trustee. (1987 Form 10-K, Exhibit 28-20.)

C-171
Tax Indemnification Agreement dated as of September 15, 1987, between Chrysler Consortium Corporation, as Owner Participant, and Ohio Edison Company, Lessee. (1987 Form 10-K, Exhibit 28-21.)

C-172
Amendment No. 1 dated as of November 5, 1992 to Tax Indemnification Agreement dated as of September 15, 1987, between Chrysler Consortium Corporation, as Owner Participant, and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-151.)

C-173
Amendment No. 2 dated as of January 12, 1993 to Tax Indemnification Agreement dated as of September 15, 1987, between Chrysler Consortium Corporation, as Owner Participant, and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-152.)

C-174
Amendment No. 3 dated as of September 30, 1994 to Tax Indemnification Agreement dated as of September 15, 1987, between Chrysler Consortium Corporation, as Owner Participant, and Ohio Edison Company, as Lessee. (1994 Form 10-K, Exhibit 10-153.)

C-175
Assignment, Assumption and Further Agreement dated as of September 15, 1987, among The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of September 15, 1987, with Chrysler Consortium Corporation, The Cleveland Electric Illuminating Company, Duquesne Light Company, Ohio Edison Company, Pennsylvania Power Company, and Toledo Edison Company. (1987 Form 10-K, Exhibit 28-22.)

C-176
Additional Support Agreement dated as of September 15, 1987, between The First National Bank of Boston, as Owner Trustee under a Trust Agreement, dated as of September 15, 1987, with Chrysler Consortium Corporation, and Ohio Edison Company. (1987 Form 10-K, Exhibit 28-23.)

C-177
$125,000,000 Three-Year Credit Agreement dated as of October 23, 2003 by and among Ohio Edison Compay, Citibank, N.A., as Administrative Agent, and the other lenders named therein. (2004 Form 10-K, Exhibit 10-7)

C-178
$250,000,000 Credit Agreement dated as of May 12, 2003 by and among Ohio Edison Company, JPMorgan Chase Bank, as Administrative Agent, and the other lenders named therein. (2004 Form 10-K, Exhibit 10-8)



115

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
Penn

C-179
Indenture dated as of November 1, 1945, between Penn and The First National Bank of the City of New York (now Citibank, N.A.), as Trustee, as supplemented and amended by Supplemental Indentures dated as of May 1, 1948, March 1, 1950, February 1, 1952, October 1, 1957, September 1, 1962, June 1, 1963, June 1, 1969, May 1, 1970, April 1, 1971, October 1, 1971, May 1, 1972, December 1, 1974, October 1, 1975, September 1, 1976, April 15, 1978, June 28, 1979, January 1, 1980, June 1, 1981, January 14, 1982, August 1, 1982, December 15, 1982, December 1, 1983, September 6, 1984, December 1, 1984, May 30, 1985, October 29, 1985, August 1, 1987, May 1, 1988, November 1, 1989, December 1, 1990, September 1, 1991, May 1, 1992, July 15, 1992, August 1, 1992, and May 1, 1993, July 1, 1993, August 31, 1993, September 1, 1993, September 15, 1993, October 1, 1993, November 1, 1993, and August 1, 1994. (Physically filed and designated as Exhibits 2(b)(1)-1 through 2(b)(1)-15 in Registration Statement File No. 2-60837; as Exhibits 2(b)(2), 2(b)(3), and 2(b)(4) in Registration Statement File No. 2-68906; as Exhibit 4-2 in Form 10-K for 1981 File No. 1-3491; as Exhibit 19-1 in Form 10-K for 1982 File No. 1-3491; as Exhibit 19-1 in Form 10-K for 1983 File No. 1-3491; as Exhibit 19-1 in Form 10-K for 1984 File No. 1-3491; as Exhibit 19-1 in Form 10-K for 1985 File No. 1-3491; as Exhibit 19-1 in Form 10-K for 1987 File No. 1-3491; as Exhibit 19-1 in Form 10-K for 1988 File No. 1-3491; as Exhibit 19 in Form 10-K for 1989 File No. 1-3491; as Exhibit 19 in Form 10-K for 1990 File No. 1-3491; as Exhibit 19 in Form 10-K for 1991 File No. 1-3491; as Exhibit 19-1 in Form 10-K for 1992 File No. 1-3491; as Exhibit 4-2 in Form 10-K for 1993 File No. 1-3491; and as Exhibit 4-2 in Form 10-K for 1994 File No. 1-3491.)

C-180
Supplemental Indenture dated as of September 1, 1995, between Penn and Citibank, N.A., as Trustee. (1995 Form 10-K, Exhibit 4-2.)

C-181
Supplemental Indenture dated as of June 1, 1997, between Penn and Citibank, N.A., as Trustee. (1997 Form 10-K, Exhibit 4-3.)

C-182
Supplemental Indenture dated as of June 1, 1998, between Penn and Citibank, N. A., as Trustee. (1998 Form 10-K, Exhibit 4-4.)

C-183
Supplemental Indenture dated as of September 29, 1999, between Penn and Citibank, N.A., as Trustee. (1999 Form 10-K, Exhibit 4-5.)

C-184
Supplemental Indenture dated as of November 15, 1999, between Penn and Citibank, N.A., as Trustee. (1999 Form 10-K, Exhibit 4-6.)

C-185
Supplemental Indenture dated as of June 1, 2001. (2001 Form 10-K, Exhibit 4-7.)

C-186
Supplemental Indenture dated as of December 1, 2004. (2004 Form 10-K, Exhibit 4-4)

C-187
Ohio Edison System Executive Supplemental Life Insurance Plan. (1995 Form 10-K, Exhibit 10-44, File No. 1-2578, Ohio Edison Company.)

C-188
Ohio Edison System Executive Incentive Compensation Plan. (1995 Form 10-K, Exhibit 10-45, File No. 1-2578, Ohio Edison Company.)

C-189
Ohio Edison System Restated and Amended Executive Deferred Compensation Plan. (1995 Form 10-K, Exhibit 10-46, File No. 1-2578, Ohio Edison Company.)

C-190
Ohio Edison System Restated and Amended Supplemental Executive Retirement Plan. (1995 Form 10-K, Exhibit 10-47, File No. 1-2578, Ohio Edison Company.)


116

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
Common Exhibits to
CEI and TE

C-191
Rights Agreement (Exhibit 4, June 25, 1996 Form 8-K, File Nos. 1-9130, 1-2323 and 1-3583).

C-192
Form of Note Indenture between Cleveland Electric, Toledo Edison and The Chase Manhattan Bank, as Trustee dated as of June 13, 1997 (Exhibit 4(c), Form S-4 File No. 333-35931, filed by Cleveland Electric and Toledo Edison).

C-193
Form of First Supplemental Note Indenture between Cleveland Electric, Toledo Edison and The Chase Manhattan Bank, as Trustee dated as of June 13, 1997 (Exhibit 4(d), Form S-4 File No. 333-35931, filed by Cleveland Electric and Toledo Edison).

C-194
Form of Collateral Trust Indenture among CTC Beaver Valley Funding Corporation, Cleveland Electric, Toledo Edison and Irving Trust Company, as Trustee (Exhibit 4(a), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).

C-195
Form of Supplemental Indenture to Collateral Trust Indenture constituting Exhibit 10d(1)(a) above, including form of Secured Lease Obligation bond (Exhibit 4(b), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).

C-196
Form of Collateral Trust Indenture among Beaver Valley II Funding Corporation, The Cleveland Electric Illuminating Company and The Toledo Edison Company and The Bank of New York, as Trustee (Exhibit (4)(a), File No. 33-46665, filed by Cleveland Electric and Toledo Edison).

C-197
Form of Supplemental Indenture to Collateral Trust Indenture constituting Exhibit 10d(1)(c) above, including form of Secured Lease Obligation Bond (Exhibit (4)(b), File No. 33-46665, filed by Cleveland Electric and Toledo Edison).

C-198
Form of Collateral Trust Indenture among CTC Mansfield Funding Corporation, Cleveland Electric, Toledo Edison and IBJ Schroder Bank & Trust Company, as Trustee (Exhibit 4(a), File No. 33-20128, filed by Cleveland Electric and Toledo Edison).
CEI and Penn

C-199
Form of Supplemental Indenture to Collateral Trust Indenture constituting Exhibit 10d(2)(a) above, including forms of Secured Lease Obligation bonds (Exhibit 4(b), File No. 33-20128, filed by Cleveland Electric and Toledo Edison).

C-200
Form of Facility Lease dated as of September 15, 1987 between The First National Bank of Boston, as Owner Trustee under a Trust Agreement dated as of September 15, 1987 with the limited partnership Owner Participant named therein, Lessor, and Cleveland Electric and Toledo Edison, Lessee (Exhibit 4(c), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).

C-201
Form of Amendment No. 1 to Facility Lease constituting Exhibit 10d(3)(a) above (Exhibit 4(e), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).



117

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
CEI and Penn

C-202
Form of Facility Lease dated as of September 15, 1987 between The First National Bank of Boston, as Owner Trustee under a Trust Agreement dated as of September 15, 1987 with the corporate Owner Participant named therein, Lessor, and Cleveland Electric and Toledo Edison, Lessees (Exhibit 4(d), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).

C-203
Form of Amendment No. 1 to Facility Lease constituting Exhibit 10d(4)(a) above (Exhibit 4(f), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).

C-204
Form of Facility Lease dated as of September 30, 1987 between Meridian Trust Company, as Owner Trustee under a Trust Agreement dated as of September 30, 1987 with the Owner Participant named therein, Lessor, and Cleveland Electric and Toledo Edison, Lessees (Exhibit 4(c), File No. 33-20128, filed by Cleveland Electric and Toledo Edison).

C-205
Form of Amendment No. 1 to the Facility Lease constituting Exhibit 10d(5)(a) above (Exhibit 4(f), File No. 33-20128, filed by Cleveland Electric and Toledo Edison).
CEI and TE

C-206
Form of Participation Agreement dated as of September 15, 1987 among the limited partnership Owner Participant named therein, the Original Loan Participants listed in Schedule 1 thereto, as Original Loan Participants, CTC Beaver Valley Fund Corporation, as Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company, as Indenture Trustee, and Cleveland Electric and Toledo Edison, as Lessees (Exhibit 28(a), File No. 33-18755, filed by Cleveland Electric And Toledo Edison).

C-207
Form of Amendment No. 1 to Participation Agreement constituting Exhibit 10d(6)(a) above (Exhibit 28(c), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).

C-208
Form of Participation Agreement dated as of September 15, 1987 among the corporate Owner Participant named therein, the Original Loan Participants listed in Schedule 1 thereto, as Owner Loan Participants, CTC Beaver Valley Funding Corporation, as Funding Corporation, The First National Bank of Boston, as Owner Trustee, Irving Trust Company, as Indenture Trustee, and Cleveland Electric and Toledo Edison, as Lessees (Exhibit 28(b), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).

C-209
Form of Amendment No. 1 to Participation Agreement constituting Exhibit 10d(7)(a) above (Exhibit 28(d), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).

C-210
Form of Participation Agreement dated as of September 30, 1987 among the Owner Participant named therein, the Original Loan Participants listed in Schedule II thereto, as Owner Loan Participants, CTC Mansfield Funding Corporation, Meridian Trust Company, as Owner Trustee, IBJ Schroder Bank & Trust Company, as Indenture Trustee, and Cleveland Electric and Toledo Edison, as Lessees (Exhibit 28(a), File No. 33-0128, filed by Cleveland Electric and Toledo Edison).

C-211
Form of Amendment No. 1 to the Participation Agreement constituting Exhibit 10d(8)(a) above (Exhibit 28(b), File No. 33-20128, filed by Cleveland Electric and Toledo Edison).

C-212
Form of Ground Lease dated as of September 15, 1987 between Toledo Edison, Ground Lessor, and The First National Bank of Boston, as Owner Trustee under a Trust Agreement dated as of September 15, 1987 with the Owner Participant named therein, Tenant (Exhibit 28(e), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).


118

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
CEI and TE
C-213
Form of Site Lease dated as of September 30, 1987 between Toledo Edison, Lessor, and Meridian Trust Company, as Owner Trustee under a Trust Agreement dated as of September 30, 1987 with the Owner Participant named therein, Tenant (Exhibit 28(c), File No. 33-20128, filed by Cleveland Electric and Toledo Edison).

C-214
Form of Site Lease dated as of September 30, 1987 between Cleveland Electric, Lessor, and Meridian Trust Company, as Owner Trustee under a Trust Agreement dated as of September 30, 1987 with the Owner Participant named therein, Tenant (Exhibit 28(d), File No. 33-20128, filed by Cleveland Electric and Toledo Edison).

C-215
Form of Amendment No. 1 to the Site Leases constituting Exhibits 10d(10) and 10d(11) above (Exhibit 4(f), File No. 33-20128, filed by Cleveland Electric and Toledo Edison).

C-216
Form of Assignment, Assumption and Further Agreement dated as of September 15, 1987 among The First National Bank of Boston, as Owner Trustee under a Trust Agreement dated as of September 15, 1987 with the Owner Participant named therein, Cleveland Electric, Duquesne, Ohio Edison, Pennsylvania Power and Toledo Edison (Exhibit 28(f), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).

C-217
Form of Additional Support Agreement dated as of September 15, 1987 between The First National Bank of Boston, as Owner Trustee under a Trust Agreement dated as of September 15, 1987 with the Owner Participant named therein, and Toledo Edison (Exhibit 28(g), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).

C-218
Form of Support Agreement dated as of September 30, 1987 between Meridian Trust Company, as Owner Trustee under a Trust Agreement dated as of September 30, 1987 with the Owner Participant named therein, Toledo Edison, Cleveland Electric, Duquesne, Ohio Edison and Pennsylvania Power (Exhibit 28(e), File No. 33-20128, filed by Cleveland Electric and Toledo Edison).

C-219
Form of Indenture, Bill of Sale, Instrument of Transfer and Severance Agreement dated as of September 30, 1987 between Toledo Edison, Seller, and The First National Bank of Boston, as Owner Trustee under a Trust Agreement dated as of September 15, 1987 with the Owner Participant named therein, Buyer (Exhibit 28(h), File No. 33-18755, filed by Cleveland Electric and Toledo Edison).

C-220
Form of Bill of Sale, Instrument of Transfer and Severance Agreement dated as of September 30, 1987 between Toledo Edison, Seller, and Meridian Trust Company, as Owner Trustee under a Trust Agreement dated as of September 30, 1987 with the Owner Participant named therein, Buyer (Exhibit 28(f), File No. 33-20128, filed by Cleveland Electric and Toledo Edison).

C-221
Form of Bill of Sale, Instrument of Transfer and Severance Agreement dated as of September 30, 1987 between Cleveland Electric, Seller, and Meridian Trust Company, as Owner Trustee under a Trust Agreement dated as of September 30, 1987 with the Owner Participant named therein, Buyer (Exhibit 28(g), File No. 33-20128, filed by Cleveland Electric and Toledo Edison).



119

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
CEI and TE

C-222
Forms of Refinancing Agreement, including exhibits thereto, among the Owner Participant named therein, as Owner Participant, CTC Beaver Valley Funding Corporation, as Funding Corporation, Beaver Valley II Funding Corporation, as New Funding Corporation, The Bank of New York, as Indenture Trustee, The Bank of New York, as New Collateral Trust Trustee, and The Cleveland Electric Illuminating Company and The Toledo Edison Company, as Lessees (Exhibit (28)(e)(i), File No. 33-46665, filed by Cleveland Electric and Toledo Edison).

C-223
Form of Amendment No. 2 to Facility Lease among Citicorp Lescaman, Inc., Cleveland Electric and Toledo Edison (Exhibit 10(a), Form S-4 File No. 333-47651, filed by Cleveland Electric).

C-224
Form of Amendment No. 3 to Facility Lease among Citicorp Lescaman, Inc., Cleveland Electric and Toledo Edison (Exhibit 10(b), Form S-4 File No. 333-47651, filed by Cleveland Electric).

C-225
Form of Amendment No. 2 to Facility Lease among US West Financial Services, Inc., Cleveland Electric and Toledo Edison (Exhibit 10(c), Form S-4 File No. 333-47651, filed by Cleveland Electric).

C-226
Form of Amendment No. 3 to Facility Lease among US West Financial Services, Inc., Cleveland Electric and Toledo Edison (Exhibit 10(d), Form S-4 File No. 333-47651, filed by Cleveland Electric).

C-227
Form of Amendment No. 2 to Facility Lease among Midwest Power Company, Cleveland Electric and Toledo Edison (Exhibit 10(e), Form S-4 File No. 333-47651, filed by Cleveland Electric).

C-228
Centerior Energy Corporation Equity Compensation Plan (Exhibit 99, Form S-8, File No. 33-59635).
 
CEI

C-229
Mortgage and Deed of Trust between CEI and Guaranty Trust Company of New York (now The Chase Manhattan Bank (National Association)), as Trustee, dated July 1, 1940 (Exhibit 7(a), File No. 2-4450). Supplemental Indentures between CEI and the Trustee, dated as follows:

Dated as of
  
File Reference
  
Exhibit No.
July 1, 1940
  
Form 10-K, 2-4450
  
7(b)
August 18, 1944
  
Form 10-K, 2-9887
  
4(c)
December 1, 1947
  
Form 10-K, 2-7306
  
7(d)
September 1, 1950
  
Form 10-K, 2-8587
  
7(c)
June 1, 1951
  
Form 10-K, 2-8994
  
7(f)
May 1, 1954
  
Form 10-K, 2-10830
  
4(d)
March 1, 1958
  
Form 10-K, 2-13839
  
2(a)(4)
April 1, 1959
  
Form 10-K, 2-14753
  
2(a)(4)
December 20, 1967
  
Form 10-K, 2-30759
  
2(a)(4)
January 15, 1969
  
Form 10-K, 2-30759
  
2(a)(5)
November 1, 1969
  
Form 10-K, 2-35008
  
2(a)(4)
June 1, 1970
  
Form 10-K, 2-37235
  
2(a)(4)
November 15, 1970
  
Form 10-K, 2-38460
  
2(a)(4)
May 1, 1974
  
Form 10-K, 2-50537
  
2(a)(4)
April 15, 1975
  
Form 10-K, 2-52995
  
2(a)(4)
April 16, 1975
  
Form 10-K, 2-53309
  
2(a)(4)
May 28, 1975
  
June 5,1975 Form 8-A, 1-2323
  
2(c)
February 1, 1976
  
1975 Form 10 K, 1-2323
  
3(d)(6)
November 23, 1976
  
Form 10-K, 2-57375
  
2(a)(4)

120

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
 
CEI
 

Dated as of
  
File Reference
  
Exhibit No.
July 26, 1977
  
Form 10-K, 2-59401
  
2(a)(4)
September  7, 1977
  
Form 10-K, 2-67221
  
2(a)(5)
May 1, 1978
  
June 30,1978 Form 10-Q,
    
   
1-2323
  
2(b)
September 1, 1979
  
September 30, 1979 Form 10-Q,
  
2(a)
   
1-2323
    
April 1, 1980
  
September 30, 1980 Form 10-Q,
  
4(a)(2)
   
1-2323
    
April 15, 1980
  
September 30, 1980 Form 10-Q,
  
4(b)
   
1-2323
    
May 28, 1980
  
Amendment No. 1, 2-67221
  
2(a)(4)
June 9, 1980
  
September 30, 1980 Form 10-Q,
  
4(d)
   
1-2323
    
December 1, 1980
  
1980 Form 10-K, 1-2323
  
4(b) (29)
July 28, 1981
  
September 30, 1981, Form 10-Q,
  
4(a)
   
1-2323
    
August 1, 1981
  
September 30, 1981, Form 10-Q,
  
4(b)
   
1-2323
    
March 1, 1982
  
Amendment No. 1, 2-76029
  
4(b)(3)
July 15, 1982
  
September 30, 1982 Form 10-Q,
  
4(a)
   
1-2323
    
September 1, 1982
  
September 30, 1982 Form 10-Q,
  
4(a)(1)
   
1-2323
    
November 1, 1982
  
September 30, 1982 Form 10-Q,
  
(a)(2)
   
1-2323
    
November 15, 1982
  
1982 Form 10-K, 1-2323
  
4(b)(36)
May 24, 1983
  
June 30, 1983 Form 10-Q,
   
   
1-2323
  
4(a)
May 1, 1984
  
June 30, 1984 Form 10-Q,
   
   
1-2323
  
4
May 23, 1984
  
May 22,1984 Form 8-K, 1-2323
  
4
June 27, 1984
 
June 11, 1984 Form 8-K,
   
   
1-2323
  
4
September 4, 1984
 
1984 Form 10-K, 1-2323
  
4b(41)
November 14, 1984
 
1984 Form 10 K, 1-2323
  
4b(42)
November 15, 1984
 
1984 Form 10-K, 1-2323
 
4b(43)
April 15, 1985
 
May 8, 1985 Form 8-K, 1-2323
  
4(a)
May 28, 1985
 
May 8, 1985 Form 8-K, 1-2323
  
4(b)
August 1, 1985
 
September 30, 1985 Form 10-Q,
  
4
   
1-2323
    
September 1, 1985
 
September 30, 1985 Form 8-K,
 
4
   
1-2323
    
November 1, 1985
 
January 31, 1986 Form 8-K,
 
4
   
1-2323
    
April 15, 1986
 
March 31, 1986 Form 10-Q,
  
4
   
1-2323
    
May 14, 1986
 
June 30, 1986 Form 10-Q,
1-2323
  
4(a)

121

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits

CEI


Dated as of
  
File Reference
  
Exhibit No.
May 15, 1986
 
June 30, 1986 Form 10-Q,
  
4(b)
   
1-2323
    
February 25, 1987
  
1986 Form 10-K, 1-2323
  
4b(52)
October 15, 1987
 
September 30, 1987 Form 10-Q
  
4
   
1-2323
    
February 24, 1988
 
1987 Form 10-K, 1-2323
  
4b(54)
September 15, 1988
 
1988 Form 10-K, 1-2323
  
4b(55)
May 15, 1989
 
33-32724
  
4(a)(2)(i)
June 13, 1989
 
File No. 33-32724
  
4(a)(2)(ii)
October 15, 1989
 
33-32724
 
4(a)(2)(iii)
January 1, 1990
 
1989 Form 10-K, 1-2323
  
4b(59)
June 1, 1990
 
September 30, 1990 Form 10-Q,
  
4(a)
   
1-2323
    
August 1, 1990
  
September 30, 1990 Form 10-Q,
 
4(b)
   
1-2323
    
May 1, 1991
 
June 30, 1991 Form 10-Q,
 
4(a)
   
1-2323
    
May 1, 1992
 
33-48845
  
4(a)(3)
July 31, 1992
 
33-57292
  
4(a)(3)
January 1, 1993
 
1992 Form 10-K, 1-2323
  
4b(65)
February 1, 1993
 
1992 Form 10-K, 1-2323
  
4b(66)
May 20, 1993
 
July 14, 1993 Form 8-K,
  
4(a)
   
1-2323
    
June 1, 1993
 
July 14, 1993 Form 8-K,
  
4(b)
   
1-2323
    
September 15, 1994
 
September 30, 1994 Form 10-Q,
  
4(a)
   
1-2323
    
May 1, 1995
 
September 1995 Form 10-Q,
 
4(a)
   
1-2323
    
May 2, 1995
 
September 1995 Form 10-Q,
 
4(b)
   
1-2323
    
June 1, 1995
 
September 1995 Form 10-Q,
 
4(c)
   
1-2323
    
July 15, 1995
 
1995 Form 10-K, 1-2323
  
4b(73
August 1, 1995
 
1995 Form 10-K, 1-2323
  
4b(74)
June 15, 1997
 
Form S-4, 333-35931, filed by
  
4(a)
   
CEI and TE
    
October 15, 1997
 
Form S-4, 333-47651, filed by
 
4(a)
   
Cleveland Electric
    
June 1, 1998
 
Form S-4, 333-72891
  
4b(77)
October 1, 1998
 
Form S-4, 333-72891
  
4b(78)
October 1, 1998
 
Form S-4, 333-72891
  
4b(79)
February 24, 1999
 
Form S-4, 333-72891
 
4b(80)
September 29, 1999
 
1999 Form 10-K, 1-2323
  
4b(81)
January 15, 2000
  
1999 Form 10-K, 1-2323
  
4b(82)
May 15, 2002
  
2002 Form 10-K, 1-2323
  
4b(83)
October 1, 2002
  
2002 Form 10-K, 1-2323
  
4b(84)
September 1, 2004
  
September 2004 10Q, 1-2323
  
4-1(85)
October 1, 2004
  
September 2004 10Q, 1-2323
  
4-1(86)


122

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
 
CEI

C-230
Form of Note Indenture between Cleveland Electric and The Chase Manhattan Bank, as Trustee dated as of October 24, 1997 (Exhibit 4(b), Form S-4 File No. 333-47651, filed by Cleveland Electric).

C-231
Form of Supplemental Note Indenture between Cleveland Electric and The Chase Manhattan Bank, as Trustee dated as of October 24, 1997 (Exhibit 4(c), Form S-4 File No. 333-47651, filed by Cleveland Electric).

C-232
Indenture dated as of December 1, 2003 between CEI and JPMorgan Chase Bank, as Trustee, incorporated by reference to Exhibit 4-1 on FirstEnergy Annual Report on Form 10-K, for the year 2003, File No.1-2323.
TE

C-233
Indenture, dated as of April 1, 1947, between TE and The Chase National Bank of the City of New York (now The Chase Manhattan Bank (National Association)) (Exhibit 2(b), File No. 2-26908).
 

Dated as of
  
File Reference
  
Exhibit No.
September 1, 1948
 
Form 10-K, 2-26908
  
2(d)
April 1, 1949
 
Form 10-K, 2-26908
  
2(e)
December 1, 1950
 
Form 10-K, 2-26908
  
2(f)
March 1, 1954
 
Form 10-K, 2-26908
  
2(g)
February 1, 1956
 
Form 10-K, 2-26908
  
2(h)
May 1, 1958
 
Form 10-K, 2-59794
  
5(g)
August 1, 1967
 
Form 10-K, 2-26908
  
2(c)
November 1, 1970
 
Form 10-K, 2-38569
  
2(c)
August 1, 1972
 
Form 10-K, 2-44873
  
2(c)
November 1, 1973
 
Form 10-K, 2-49428
  
2(c)
October 1, 1975
 
Form 10-K, 2-54627
  
2(c)
June 1, 1976
 
Form 10-K, 2-56396
  
2(c)
October 1, 1978
 
Form 10-K, 2-62568
  
2(c)
September 1, 1979
 
Form 10-K, 2-65350
  
2(c)
September 1, 1980
 
Form 10-K, 2-69190
  
4(s)
October 1, 1980
 
Form 10-K, 2-69190
  
4(c)
April 1, 1981
 
Form 10-K, 2-71580
  
4(c)
November 1, 1981
 
Form 10-K, 2-74485
  
4(c)
June 1, 1982
 
Form 10-K, 2-77763
  
4(c)
September 1, 1982
 
Form 10-K, 2-87323
  
4(x)
April 1, 1983
 
March 31, 1983, Form 10-Q,
 
4(c)
   
1-3583
    
December 1, 1983
 
1983 Form 10-K, 1-3583
  
4(x)
April 1, 1984
 
2-90059
  
4(c)
October 15, 1984
 
1984 Form 10-K
  
4(dd)
August 1, 1985
 
33-1689
  
4(ee)
December 1, 1985
 
33-1689
  
4(c)
March 1, 1986
 
1986 Form 10-K, 1-3583
  
4b(31)
October 15, 1987
 
September 30, 1987 Form 10-Q,
 
4
   
1-3583
    
September 15, 1988
 
1988 Form 10-K, 1-3583
  
4b(33)
June 15, 1989
 
1989 Form 10-K, 1-3583
  
4b(34)


123

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits

TE


Dated as of
  
File Reference
  
Exhibit No.
         
October 15, 1989
 
1989 Form 10-K, 1-3583
  
4b(35)
May 15, 1990
 
June 30, 1990 Form 10-Q,
  
4
   
1-3583
    
March 1, 1991
 
June 30, 1991 Form 10-Q,
   
   
1-3583
  
4(b)
May 1, 1992
 
33-48844
  
4(a)(3)
August 1, 1992
 
1992 Form 10-K, 1-3583
  
4b(39)
October 1, 1992
 
1992 Form 10-K, 1-3583
  
4b(40)
January 1, 1993
 
1992 Form 10-K, 1-3583
  
4b(41)
September 15, 1994
 
September 30, 1994 Form 10-Q,
  
4(b)
   
1-3583
    
May 1, 1995
 
September 30, 1995 Form 10-Q,
 
4(d)
       
1-3583
June 1, 1995
 
September 30, 1995 Form 10-Q,
 
4(e)
   
1-3583
    
July 14, 1995
 
September 30, 1995 Form 10-Q,
 
4(f)
   
1-3583
    
July 15, 1995
 
September 30, 1995 Form 10-Q,
 
4(g)
   
1-3583
    
August 1, 1997
 
1998 Form 10-K, 1-3583
 
4b(47)
June 1, 1998
 
1998 Form 10-K, 1-3583
  
4b(48)
January 15, 2000
 
1999 Form 10-K, 1-3583
  
4b(49)
May 1, 2000
  
2000 Form 10-K, 1-3583
  
4b(50)
September 1, 2000
  
2002 Form 10-K, 1-3583
  
4b(51)
October 1, 2002
  
2002 Form 10-K, 1-3583
  
4b(52)
April 1, 2003
  
2003 Form 10-k, 1-3583
  
4b(53)
JCP&L

C-234
Indenture of JCP&L, dated March 1, 1946 between JCP&L and United States Trust Company of New York, Successor Trustee, as amended and supplemented by eight supplemental indentures dated December 1, 1948 through June 1, 1960 - Incorporated by reference to JCP&L’s Instruments of Indebtedness Nos. 1 to 7, inclusive, and 9 and 10 filed as part of Amendment No. 1 to 1959 Annual Report of GPU on Form U5S, SEC File Nos. 30-126 and 1-3292.

C-235
Ninth Supplemental Indenture, dated as of November 1, 1962 - incorporated by reference to Exhibit 2-C, Registration No. 2-20732.

C-236
Tenth Supplemental Indenture, dated as of October 1, 1963 - incorporated by reference to Exhibit 2-C, Registration No. 2-21645.

C-237
Eleventh Supplemental Indenture, dated as of October 1, 1964 - incorporated by reference to Exhibit 5-A-3, Registration No. 2-59785.

C-238
Twelfth Supplemental Indenture, dated as of November 1, 1965 - incorporated by reference to Exhibit 5-A-4, Registration No. 2-59785.

124

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
JCP&L

C-239
Thirteenth Supplemental Indenture, dated as of August 1, 1966 - incorporated by reference to Exhibit 4-C, Registration No. 2-25124.

C-240
Fourteenth Supplemental Indenture, dated as of September 1, 1967 - incorporated by reference to Exhibit 5-A-6, Registration No. 2-59785.

C-241
Fifteenth Supplemental Indenture, dated as of October 1, 1968 - incorporated by reference to Exhibit 5-A-7, Registration No. 2-59785.

C-242
Sixteenth Supplemental Indenture, dated as of October 1, 1969 - incorporated by reference to Exhibit 5-A-8, Registration No. 2-59785.

C-243
Seventeenth Supplemental Indenture, dated as of June 1, 1970 - incorporated by reference to Exhibit 5-A-9, Registration No. 2-59785.

C-244
Eighteenth Supplemental Indenture, dated as of December 1, 1970 - incorporated by reference to Exhibit 5-A-10, Registration No. 2-59785.

C-245
Nineteenth Supplemental Indenture, dated as of February 1, 1971 - incorporated by reference to Exhibit 5-A-11, Registration No. 2-59785.

C-246
Twentieth Supplemental Indenture, dated as of November 1, 1971 - incorporated by reference to Exhibit 5-A-12, Registration No. 2-59875.

C-247
Twenty-first Supplemental Indenture, dated as of August 1, 1972 - incorporated by reference to Exhibit 5-A-13, Registration No. 2-59785.

C-248
Twenty-second Supplemental Indenture, dated as of August 1, 1973 - incorporated by reference to Exhibit 5-A-14, Registration No. 2-59785.

C-249
Twenty-third Supplemental Indenture, dated as of October 1, 1973 - incorporated by reference to Exhibit 5-A-15, Registration No. 2-59785.

C-250
Twenty-fourth Supplemental Indenture, dated as of December 1, 1973 - incorporated by reference to Exhibit 5-A-16, Registration No. 2-59785.

C-251
Twenty-fifth Supplemental Indenture, dated as of November 1, 1974 - incorporated by reference to Exhibit 5-A-17, Registration No. 2-59785.

C-252
Twenty-sixth Supplemental Indenture, dated as of March 1, 1975 - incorporated by reference to Exhibit 5-A-18, Registration No. 2-59785.

C-253
Twenty-seventh Supplemental Indenture, dated as of July 1, 1975 - incorporated by reference to Exhibit 5-A-19, Registration No. 2-59785.

C-254
Twenty-eighth Supplemental Indenture, dated as of October 1, 1975 - incorporated by reference to Exhibit 5-A-20, Registration No. 2-59785.

C-255
Twenty-ninth Supplemental Indenture, dated as of February 1, 1976 - incorporated by reference to Exhibit 5-A-21, Registration No. 2-59785.


125

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
JCP&L

C-256
Supplemental Indenture No. 29A, dated as of May 31, 1976 - incorporated by reference to Exhibit 5-A-22, Registration No. 2-59785.

C-257
Thirtieth Supplemental Indenture, dated as of June 1, 1976 - incorporated by reference to Exhibit 5-A-23, Registration No. 2-59785.

C-258
Thirty-first Supplemental Indenture, dated as of May 1, 1977 - incorporated by reference to Exhibit 5-A-24, Registration No. 2-59785.

C-259
Thirty-second Supplemental Indenture, dated as of January 20, 1978 - incorporated by reference to Exhibit 5-A-25, Registration No. 2-60438.

C-260
Thirty-third Supplemental Indenture, dated as of January 1, 1979 - incorporated by reference to Exhibit A-20(b), Certificate Pursuant to Rule 24, File No. 70-6242.

C-261
Thirty-fourth Supplemental Indenture, dated as of June l, 1979 - incorporated by reference to Exhibit A-28, Certificate Pursuant to Rule 24, File No. 70-6290.

C-262
Thirty-sixth Supplemental Indenture, dated as of October 1, 1979 - incorporated by reference to Exhibit A-30, Certificate Pursuant to Rule 24, File No. 70-6354.

C-263
Thirty-seventh Supplemental Indenture, dated as of September 1, 1984 - incorporated by reference to Exhibit A-1(cc), Certificate Pursuant to Rule 24, File No. 70-7001.

C-264
Thirty-eighth Supplemental Indenture, dated as of July 1, 1985 - incorporated by reference to Exhibit A-1(dd), Certificate Pursuant to Rule 24, File No. 70-7109.

C-265
Thirty-ninth Supplemental Indenture, dated as of April 1, 1988 - incorporated by reference to Exhibit A-1(a), Certificate Pursuant to Rule 24, File No. 70-7263.

C-266
Fortieth Supplemental Indenture, dated as of June 14, 1988 - incorporated by reference to Exhibit A-1(ff), Certificate Pursuant to Rule 24, File No. 70-7603.

C-267
Forty-first Supplemental Indenture, dated as of April 1, 1989 - incorporated by reference to Exhibit A-1(gg), Certificate Pursuant to Rule 24, File No. 70-7603.

C-268
Forty-second Supplemental Indenture, dated as of July 1, 1989 - incorporated by reference to Exhibit A-1(hh), Certificate Pursuant to Rule 24, File No. 70-7603.

C-269
Forty-third Supplemental Indenture, dated as of March 1, 1991 -incorporated by reference to Exhibit 4-A-35, Registration No. 33-45314.

C-270
Forty-fourth Supplemental Indenture, dated as of March 1, 1992 - incorporated by reference to Exhibit 4-A-36, Registration No. 33-49405.

C-271
Forty-fifth Supplemental Indenture, dated as of October 1, 1992 - incorporated by reference to Exhibit 4-A-37, Registration No. 33-49405.



126

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
JCP&L

C-272
Forty-sixth Supplemental Indenture, dated as of April 1, 1993 - incorporated by reference to Exhibit C-15 to GPU, Inc.'s Annual Report on Form U5S for the year 1992, File No. 30-126.

C-273
Forty-seventh Supplemental Indenture, dated as of April 10, 1993 - incorporated by reference to Exhibit C-16 to GPU, Inc.'s Annual Report on Form U5S for the year 1992, File No. 30-126.

C-274
Forty-eighth Supplemental Indenture, dated as of April 15, 1993 - incorporated by reference to Exhibit C-17 to GPU, Inc.'s Annual Report on Form U5S for the year 1992, File No. 30-126.

C-275
Forty-ninth Supplemental Indenture, dated as of October 1, 1993 - incorporated by reference to Exhibit C-18 to GPU, Inc.'s Annual Report on Form U5S for the year 1993, File No. 30-126.

C-276
Fiftieth Supplemental Indenture, dated as of August 1, 1994 - incorporated by reference to Exhibit C-19 of GPU, Inc.'s Annual Report on Form U5S for the year 1994, File No. 30-126.

C-277
Fifty-first Supplemental Indenture of JCP&L, dated August 15, 1996 - incorporated by reference to Exhibit 4-A-43 of GPU, Inc.'s Annual Report on Form 10-K for 1996, File No. 1-6047.

C-278
Fifty-second Supplemental Indenture of JCP&L dated July 1, 1999 - incorporated by reference to Item 16, Exhibit 4-B-44 of Registration No. 333-88783.

C-279
Fifty-third Supplemental Indenture of JCP&L dated November 1, 1999 - incorporated by reference to Exhibit 4-A-45 of JCP&L's Annual Report on Form 10-K for the year 1999, File No. 1-3141.

C-280
Subordinated Debenture Indenture, dated as of May 1, 1995 - incorporated by reference to Exhibit A-8(a), Certificate Pursuant to Rule 24, File No. 70-8495.

C-281
Fifty-fourth Supplemental Indenture of JCP&L, dated November 7, 2001 - incorporated by reference to Exhibit 4-A-47 of JCP&L’s Annual Report on Form 10-K for the year 2001, File No. 1-3141.

C-282
Fifty-fifth Supplemental Indenture of JCP&L, dated April 23, 2004, incorporated by reference to Exhibit 4-5, 2004 Annual Report on Form 10-K, SEC File No. 1-3141.

C-283
Senior Note Indenture between JCP&L and United States Trust Company of New York, dated July 1, 1999 - incorporated by reference to Exhibit 4-A of Registration No. 333-78717.

Met-Ed

C-284
Indenture of Met-Ed, dated November 1, 1944, between Met-Ed and United States Trust Company of New York, Successor Trustee, as amended and supplemented by fourteen supplemental indentures dated February 1, 1947 through May 1, 1960 - Incorporated by reference to Met-Ed’s Instruments of Indebtedness Nos. 1 to 14 inclusive, and 16, filed as part of Amendment No. 1 to 1959 Annual Report of GPU on Form U5S, SEC File Nos. 30-126 and 1-3292.

C-285
Supplemental Indenture, dated as of December 1, 1962 - incorporated by reference to Exhibit 2-E(1), Registration No. 2-59678.

C-286
Supplemental Indenture, dated as of March 20, 1964 - incorporated by reference to Exhibit 2-E(2), Registration No. 2-59678.


127

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
Met-Ed

C-287
Supplemental Indenture, dated as of July 1, 1965 - incorporated by reference to Exhibit 2-E(3), Registration No. 2-59678.

C-288
Supplemental Indenture, dated as of June 1, 1966 - incorporated by reference to Exhibit 2-B-4, Registration No. 2-24883.

C-289
Supplemental Indenture, dated as of March 22, 1968 - incorporated by reference to Exhibit 4-C-5, Registration No. 2-29644.

C-290
Supplemental Indenture, dated as of September 1, 1968 - incorporated by reference to Exhibit 2-E(6), Registration No. 2-59678.

C-291
Supplemental Indenture, dated as of August 1, 1969 - incorporated by reference to Exhibit 2-E(7), Registration No. 2-59678.

C-292
Supplemental Indenture, dated as of November 1, 1971 - incorporated by reference to Exhibit 2-E(8), Registration No. 2-59678.

C-293
Supplemental Indenture, dated as of May 1, 1972 - incorporated by reference to Exhibit 2-E(9), Registration No. 2-59678.

C-294
Supplemental Indenture, dated as of December 1, 1973 - incorporated by reference to Exhibit 2-E(10), Registration No. 2-59678.

C-295
Supplemental Indenture, dated as of October 30, 1974 - incorporated by reference to Exhibit 2-E(11), Registration No. 2-59678.

C-296
Supplemental Indenture, dated as of October 31, 1974 - incorporated by reference to Exhibit 2-E(12), Registration No. 2-59678.

C-297
Supplemental Indenture, dated as of March 20, 1975 - incorporated by reference to Exhibit 2-E(13), Registration No. 2-59678.

C-298
Supplemental Indenture, dated as of September 25, 1975 - incorporated by reference to Exhibit 2-E(15), Registration No. 2-59678.

C-299
Supplemental Indenture, dated as of January 12, 1976 - incorporated by reference to Exhibit 2-E(16), Registration No. 2-59678.

C-300
Supplemental Indenture, dated as of March 1, 1976 - incorporated by reference to Exhibit 2-E(17), Registration No. 2-59678.

C-301
Supplemental Indenture, dated as of September 28, 1977 - incorporated by reference to Exhibit 2-E(18), Registration No. 2-62212.

C-302
Supplemental Indenture, dated as of January 1, 1978 - incorporated by reference to Exhibit 2-E(19), Registration No. 2-62212.



128

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
Met-Ed

C-303
Supplemental Indenture, dated as of September 1, 1978 - incorporated by reference to Exhibit 4-A(19), Registration No. 33-48937.

C-304
Supplemental Indenture, dated as of June 1, 1979 - incorporated by reference to Exhibit 4-A(20), Registration No. 33-48937.

C-305
Supplemental Indenture, dated as of January l, 1980 - incorporated by reference to Exhibit 4-A(21), Registration No. 33-48937.

C-306
Supplemental Indenture, dated as of September 1, 1981 - incorporated by reference to Exhibit 4-A(22), Registration No. 33-48937.
 
C-108
Supplemental induentre, dated as of September 10, 1981 - incorporated by reference to Exhibit 4-A(23), Registration No. 33-48937.
 
C-308
Supplemental Indenture, dated as of December 1, 1982 - incorporated by reference to Exhibit 4-A(24), Registration No. 33-48937.

C-309
Supplemental Indenture, dated as of September 1, 1983 - incorporated by reference to Exhibit 4-A(25), Registration No. 33-48937.

C-310
Supplemental Indenture dated as of September 1, 1984 - incorporated by reference to Exhibit 4-A(26), Registration No. 33-48937.

C-311
Supplemental Indenture, dated as of March 1, 1985 - incorporated by reference to Exhibit 4-A(27), Registration No. 33-48937.

C-312
Supplemental Indenture, dated as of September l, 1985 - incorporated by reference to Exhibit 4-A(28), Registration No. 33-48937.

C-313
Supplemental Indenture, dated as of June 1, 1988 - incorporated by reference to Exhibit 4-A(29), Registration No. 33-48937.

C-314
Supplemental Indenture, dated as of April 1, 1990 - incorporated by reference to Exhibit 4-A(30), Registration No. 33-48937.

C-315
Amendment, dated as of May 22, 1990, to Supplemental Indenture (dated April 1, 1990) - incorporated by reference to Exhibit 4-A(31), Registration No. 33-48937.

C-316
Supplemental Indenture, dated as of September 1, 1992 - incorporated by reference to Exhibit 4-A(32)(a), Registration No. 33-48937.

C-317
Supplemental Indenture, dated as of December 1, 1993 - incorporated by reference to Exhibit C-58 to GPU, Inc.'s Annual Report on Form U5S for the year 1993, File No. 30-126.

C-318
Supplemental Indenture, dated as of July 15, 1995 - incorporated by reference to Exhibit 4-B-35 to Met-Ed's Annual Report on Form 10-K for the year 1995, File No. 1-446.



129

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
Met-Ed

C-319
Supplemental Indenture, dated August 15, 1996 - incorporated by reference to Exhibit 4-B-35 to Met-Ed's Annual Report on Form 10-K for 1996, File No. 1-446.

C-320
Supplemental Indenture, dated May 1, 1997 - incorporated by reference to Exhibit 4-B-36 to Met-Ed's Annual Report on Form 10-K for 1997, File No. 1-446.

C-321
Indenture between Met-Ed and United States Trust Company of New York dated May 1, 1999 - incorporated by reference to Exhibit A-11(a), Certificate Pursuant to Rule 24, File No. 70-9329.

C-322
Supplemental Indenture between Met-Ed and United States Trust Company of New York dated July 1, 1999 - incorporated by reference to Exhibit 4-B-38 of Met-Ed's Annual Report on Form 10-K for the year 1999, File No. 1-446.

C-323
Senior Note Indenture between Met-Ed and United States Trust Company of New York, dated July 1, 1999.

C-324
Supplemental Indenture, dated May 1, 2001 - incorporated by reference to Exhibit 4-B-41 to Met-Ed’s Annual Report on Form 10-K for 2002, File No. 1-446.

C-325
First Supplemental Indenture between Met-Ed and United States Trust Company of New York, dated August 1, 2000 - incorporated by reference to Exhibit 4-A, June 30, 2000 Quarterly Report on Form 10-Q, SEC File No. 1-446.

C-326
Supplemental Indenture, dated March 1, 2003 - incorporated by reference to Exhibit 4-B-42 to Met-Ed’s Annual Report on Form 10-K for 2003, File No. 1-446.

C-327
Payment and Guarantee Agreement of Met-Ed, dated May 28, 1999 - incorporated by reference to Exhibit B-1(a), Certificate Pursuant to Rule 24, SEC No. 70-9329.

C-328
Amendment No. 1 Payment and Guarantee Agreement of Met-Ed, dated November 23, 1999 - incorporated by reference to Exhibit 4-H, 1999 Annual Report on Form 10-K, SEC File No. 1-446.
Penelec

C-329
Supplemental Indentures to Mortgage and Deed of Trust, dated May 1, 1961 through December1, 1977 - incorporated by reference to Exhibit 2-D(1) to 2-D(19), Registration No. 2-61502.

C-330
Supplemental Indenture, dated as of June 1, 1978 - incorporated by reference to Exhibit 4-A(2), Registration No. 33-49669.

C-331
Supplemental Indenture, dated as of June l, 1979 - incorporated by reference to Exhibit 4-A(3), Registration No. 33-49669.

C-332
Supplemental Indenture, dated as of September 1, 1984 - incorporated by reference to Exhibit 4-A(4), Registration No. 33-49669.

C-333
Supplemental Indenture, dated as of December 1, 1985 - incorporated by reference to Exhibit 4-A(5), Registration No. 33-49669.



130

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits
Penelec

C-334
Supplemental Indenture, dated as of December 1, 1986, - incorporated by reference to Exhibit 4-A(6), Registration No. 33-49669.

C-335
Supplemental Indenture, dated as of May 1, 1989 - incorporated by reference to Exhibit 4-A(7), Registration No. 33-49669.

C-336
Supplemental Indenture, dated as of December 1, 1990 - incorporated by reference to Exhibit 4-A(8), Registration No. 33-45312.

C-337
Supplemental Indenture, dated as of March 1, 1992 - incorporated by reference to Exhibit 4-A(9), Registration No. 33-45312.

C-338
Supplemental Indenture, dated as of June 1, 1993 - incorporated by reference to Exhibit C-73 to GPU, Inc.'s Annual Report on Form U5S for the year 1993, File No. 30-126.

C-339
Supplemental Indenture, dated as of November 1, 1995 - incorporated by reference to Exhibit 4-C-11 to GPU, Inc.'s Annual Report on Form 10-K for the year 1995, File No. 1-6047.

C-340
Supplemental Indenture, dated August 15, 1996 - incorporated by reference to Exhibit 4-C-12 to GPU, Inc.'s Annual Report on Form 10-K for 1996, File No. 1-6047.

C-341
Senior Note Indenture between Penelec and United States Trust Company of New York dated April 1, 1999 - incorporated by reference to Exhibit 4-C-13 of Penelec's Annual Report on Form 10-K for the year 1999, File No. 1-3522.

C-342
Indenture between Penelec and United States Trust Company of New York dated June 1, 1999 - incorporated by reference to Exhibit A-11(a), Certificate Pursuant to Rule 24, File No. 70-9327.

C-343
First Supplemental Indenture between Penelec and United States Trust Company of New York, dated August 1, 2000 - incorporated by reference to Exhibit 4-B, June 30, 2000 Quarterly Report on Form 10-Q, SEC File No. 1-3522.

C-344
Supplemental Indenture, dated May 1, 2001 - incorporated by reference to Exhibit 4-C-16 to Penelec’s Annual Report on Form 10-K for the year 2001, File No. 1-3522.

C-345
Supplemental Indenture No. 1, dated May 1, 2001 - incorporated by reference to Exhibit 4-C-16 to Penelec’s Annual Report on Form 10-K for the year 2001, File No. 1-3522.

C-346
Payment and Guarantee Agreement of Penelec, dated June 16, 1999 - incorporated by reference to Exhibit B-1(a), Certificate Pursuant to Rule 24, SEC File No. 70-9327.

C-347
Amendment No. 1 to Payment and Guarantee Agreement of Penelec, dated November 23, 1999 - incorporated by reference to Exhibit 4-J, 1999 Annual Report on Form 10-K, SEC File No. 1-3522.




131

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits

D.
Tax Allocation Agreement

D-1
Tax Allocation Agreement dated June 30, 2003 incorporated by reference to Exhibit D-1 to FirstEnergy Corp.’s Annual Report on Form U5S for the year 2003, File    No. 333-21011.


F.
Schedules Supporting Items of This Report

F-1
Item 6. Part III - Compensation and other related information for the Officers and Directors of FirstEnergy and its subsidiaries.

F-2
Consolidating Financial Statements of Jersey Central Power & Light Company for 2004.
Consolidating Financial Statements of Metropolitan Edison Company for 2004.
Consolidating Financial Statements of Ohio Edison Company for 2004.
Consolidating Financial Statements of Pennsylvania Electric Company for 2004.
Consolidating Financial Statements of Pennsylvania Power Company for 2004.
Consolidating Financial Statements of The Cleveland Electric Illuminating Company for 2004.
Consolidating Financial Statements of The Toledo Edison Company for 2004.
Consolidating Financial Statements of FirstEnergy Facilities Services Group, LLC for 2004 - filed pursuant to request for confidential treatment.
Consolidating Financial Statements of Elliott-Lewis Corporation for 2004 - filed pursuant to request for confidential treatment.
Consolidating Financial Statements of E-L Enterprises, Inc. for 2004 - filed pursuant to request for confidential treatment.
Consolidating Financial Statements of FirstEnergy Solutions Corp. for 2004 - filed pursuant to request for confidential treatment.
Consolidating Financial Statements of FirstEnergy Ventures Corp. for 2004 - filed pursuant to request for confidential treatment.
Consolidating Financial Statements of GPU Capital, Inc. for 2004 - filed pursuant to request for confidential treatment.
Consolidating Financial Statements of GPU Diversified Holdings, LLC. for 2004 - filed pursuant to request for confidential treatment.
Consolidating Financial Statements of MARBEL Energy Corporation for 2004 - filed pursuant to request for confidential treatment.


132

ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Continued):

Exhibits

F-2
Consolidating Financial Statements of MYR Group Inc. for 2004 - filed pursuant to request for confidential treatment.
Consolidating Financial Statements of Harlan Electric Company for 2004 - field pursuant to request for confidential treatment.

F-3
Item 8. Part I - Affiliated Transactions for 2004.

H
Organization Chart - EWG and FUCO

H-1
Organizational chart showing the relationship of FirstEnergy Generation Corp. to each exempt wholesale generator (EWG) in which it holds an interest.

H-2
Organizational chart showing the relationship of GPU Power, Inc. to each exempt wholesale generator (EWG) in which it holds an interest.

H-3
Organizational chart showing the relationship of GPU Capital, Inc. to each foreign utility company (FUCO) in which it holds an interest.

I
Financial Statement - EWG and FUCO

I-1
Financial Statements of FirstEnergy Generation Corp. for 2004 - filed pursuant to request for confidential treatment.
Consolidating Financial Statements of GPU Power, Inc. for 2004 - filed pursuant to request for confidential treatment.







133









SIGNATURE



The undersigned system company has duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company Act of 1935.
 
 

     
 
 
 		  
 		  FIRSTENERGY CORP.
 
Date:  April 28, 2005 By:     /s/  Harvey L. Wagner
 
        Harvey L. Wagner
 
  Vice President, Controller
 and Chief Accounting Officer
(Principal Accounting Officer)

 
134