FirstEnergy U-9C-3 for the period ending 9-30-2005






U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-9C-3




QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

For the quarterly period ended September 30, 2005










    FirstEnergy Corp. (File No. 70-09501)    
(Name of Registered Holding Company)

  76 South Main Street, Akron, Ohio 44308  
(Address of Principal Executive Offices)





FirstEnergy Corp.

Quarterly Report Pursuant to Rule 58 of
the Public Utility Holding Company Act of 1935
 
For the quarterly period ended September 30, 2005 
 

Table of Contents

Item
       
No.
 
Title
 
Page
         
1
 
Organization Chart
 
1-3
         
2
 
Issuances and Renewals of Securities and
   
   
Capital Contributions
 
4
         
3
 
Associate Transactions
 
5-6
         
4
 
Summary of Aggregate Investment
 
7
         
5
 
Other Investments
 
8
         
6
 
Financial Statements and Exhibits:
   
         
   
A - Financial Statements
 
9
         
   
B - Exhibits
 
10
         
   
C - Certificate of FirstEnergy Corp.
 
10
         
   
Signature
 
11
         


 
            Note:  All dollar amounts shown in this Form U-9C-3 are expressed in thousands unless otherwise noted.
 




 
ITEM 1 - ORGANIZATION CHART

 
 
Name of Reporting Company
 
Energy (ERC) or
 Gas (GRC) Related
 Company
 
 
Date of
Organization
 
 
State of
Organization
 
Percentage of
 Voting Securities
 Held
 
 
Nature of
 Business
 
                       
FirstEnergy Corp. (a)
                     
                                 
FirstEnergy Ventures Corp. (b)
                               
Bay Shore Power Company (d)
   
ERC
   
01/26/1998
   
Ohio
   
100.0    
   
(h)
 
Centerior Energy Services, Inc. (d)
   
ERC
   
06/01/1994
   
Ohio
   
100.0    
   
(i)
 
Eastroc Technologies, LLC (c)
   
ERC
   
04/30/1996
   
Delaware
   
50.0 **
   
(j)
 
Engineered Processes, Ltd. (c)
   
ERC
   
12/30/1996
   
Ohio
   
50.0 **
   
(j)
 
Warrenton River Terminal, Ltd. (d)
   
ERC
   
09/03/1996
   
Ohio
   
100.0    
   
(k)
 
                                 
FirstEnergy Facilities Services Group, LLC (b)
                               
Dunbar Mechanical, Inc. (e)
   
ERC
   
07/16/1956
   
Ohio
   
100.0    
   
(g)
 
Edwards Electrical & Mechanical, Inc. (e)
   
ERC
   
02/28/1968
   
Indiana
   
100.0    
   
(g)
 
Roth Bros., Inc. (e)
   
ERC
   
09/06/1947
   
Ohio
   
100.0    
   
(g)
 
The Hattenbach Company (e)
   
ERC
   
03/21/1969
   
Ohio
   
100.0    
   
(l)
 
R.P.C. Mechanical, Inc. (e)
   
ERC
   
04/21/1959
   
Ohio
   
100.0    
   
(g)
 
                                 
FirstEnergy Solutions Corp. (b)
   
ERC
   
08/08/1997
   
Ohio
   
100.0    
   
(m)
 
FirstEnergy Engineering, Inc. (f)
   
ERC
   
08/09/1996
   
Ohio
   
100.0    
   
(q)
 
                                 
GPU Diversified Holdings, LLC (b)
   
ERC
   
08/03/2000
   
Delaware
   
100.0    
   
(o)
 
GPU Solar, Inc.
   
ERC
   
11/07/1997
   
New Jersey
   
50.0 **
   
(p)
 
GPU Distributed Power, Inc. *
   
ERC
   
02/29/2000
   
Delaware
   
100.0    
       
Ballard Power Systems Inc. (c)
   
ERC
                     
(r)
 
                                 
Automated Power Exchange, Inc. (c)
   
ERC
               
1.16 **
   
(m)
 
                                 
PowerSpan Corp. (c)
   
ERC
   
05/01/1997
   
Delaware
   
24.06 **
   
(n)
 
                                 
Utility.com, Inc. (c) *
   
ERC
               
5.0 **
   
(m)
 
                                 
                                 
                                 
*     Inactive
                               
**   Set forth the percentage of interest held directly or indirectly by FirstEnergy Corp.

 
1


ITEM 1 - ORGANIZATION CHART (Continued)

     (a)
FirstEnergy Corp., a registered holding company, holds securities directly or indirectly in the energy-related companies set below its name.
     (b)
These companies are direct wholly owned subsidiaries of FirstEnergy Corp.
(c)  
FirstEnergy Corp. owns an interest directly or indirectly in these energy-related companies or venture capital funds set below its name.
(d)  
These companies are direct wholly owned subsidiaries of FirstEnergy Ventures Corp.
(e)  
These companies are direct wholly owned subsidiaries of FirstEnergy Facilities Services Group, LLC.
(f)  
This company is direct wholly owned subsidiary of FirstEnergy Solutions Corp.
(g)  
This subsidiary provides HVAC equipment installation and services, facilities management, and energy management.
(h)  
This subsidiary owns and operates a petroleum coke disposal facility that will supply steam for the Bay Shore Power Plant and to BP Amoco Corporation.
(i)  
This subsidiary provides various consulting services related to energy management and procurement.
(j)  
This subsidiary holds the patent on plaster, which is manufactured using the By-products of coal-fired generation facilities.
(k)  
This subsidiary owns facilities for the transloading of bulk materials (primarily coal) on the Ohio River. The coal is in part used by the FirstEnergy Operating Companies at various generation facilities.
(l)  
This subsidiary provides refrigeration sales and services to commercial entities.
(m)  
This subsidiary or investment engages in the brokering and marketing of energy commodities.
(n)  
This company was formed to utilized advanced technology to reduce emissions of NOx, SO2 and particulate matter from utility generation facilities.
(o)  
This energy-related company holds securities directly in the energy-related company set below its name.
(p)  
This subsidiary is involved in the development and commercialization of photovoltaics.
(q)  
This subsidiary provides engineering services.
(r)  
Ballard Generations Systems Inc. develops stationary fuel cell systems.


 
2


ITEM 1 - ORGANIZATION CHART (Continued)


Narrative Description of Activities for Reporting Period


None.





 
3


ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS


Company Issuing Security
 
Type of
Security
Issued
 
 
Principal Amount of
Security
 
Issue or Renewal
 
Cost of Capital
 
Company to
 Whom Security Was Issued
 
Collateral Given with Security
 
Consideration Received For Each Security
 
                                             
None.
                                           
                                             
                                             





Company Contributing
 
Company Receiving
 
Amount of Capital
 
Capital
 
Capital
 
Contribution
 
               
None.
             
               




Note:    The information provided in Item 2 represents the activities of the reporting period only.



 
4


ITEM 3 - ASSOCIATE TRANSACTIONS


Part I - Transactions Performed by Reporting Companies on Behalf of Associate Companies

Reporting Company Rendering Services
 
Associate Company Receiving Services
 
Types of Services Rendered
 
Total Amount Billed
 
               
Bay Shore Power Company
   
FirstEnergy Generation Corp.
   
Sale of steam
 
$
xxx
 
                     
Centerior Energy Services, Inc.
   
FirstEnergy Solutions Corp.
   
Energy consulting services
   
xxx
 
                     
Dunbar Mechanical, Inc.
   
FirstEnergy Generation Corp.
   
HVAC services
   
xxx
 
                     
Dunbar Mechanical, Inc.
   
FirstEnergy Nuclear Operating Company
   
HVAC services
   
xxx
 
                     
FirstEnergy Solutions Corp.
   
FirstEnergy Generation Corp.
   
Natural gas procurement & scheduling services
   
xxx
 
                     
Roth Bros., Inc.
   
FirstEnergy Generation Corp.
   
HVAC services
   
xxx
 
                     
Roth Bros., Inc.
   
FirstEnergy Nuclear Operating Company
   
HVAC services
   
xxx
 
                     
Roth Bros., Inc.
   
FirstEnergy Service Company
   
HVAC services
   
xxx
 
                     
Warrenton River Terminal, Ltd.
   
FirstEnergy Generation Corp.
   
Loading, unloading and storage of coal and petcoke
   
xxx
 


Note:   The information provided in Item 3 represents the activities of the reporting period only.
   The amounts required under the caption "Total Amount Billed" are being filed pursuant to request for confidential treatment.
 

 
5


ITEM 3 - ASSOCIATE TRANSACTIONS (Continued)


Part II - Transactions Performed by Associate Companies on Behalf of Reporting Companies


Associate Company Rendering Services
 
Reporting Company Receiving Services
 
Types of Services Rendered
 
Total Amount Billed
             
FirstEnergy Generation Corp.
 
Bay Shore Power Company
 
Sale of limestone drying oil
 $
 xxx
             
FirstEnergy Generation Corp.
 
Bay Shore Power Company
 
Sale of light-off oil
 
xxx
             
FirstEnergy Generation Corp.
 
Bay Shore Power Company
 
Plant operation & maintenance services
 
xxx
             
FirstEnergy Service Company
 
FirstEnergy Solutions Corp.
 
General and administrative services
 
xxx
             

 

Note:
The information provided in Item 3 represents the activities of the reporting period only.
 
The amounts required under the caption "Total Amount Billed" are being filed pursuant to request for confidential treatment.



 
6


ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT


Investments in energy-related companies:
                   
                     
Total average consolidated capitalization as of September 30, 2005 
 
$
19,905,703
         
Line 1
 
Total capitalization multiplied by 15% (line 1 multiplied by 0.15)
   
2,985,855
         
Line 2
 
Greater of $50 million or line 2
       
$
2,985,855
   
Line 3
 
                     
Total current aggregate investment:
                   
(categorized by major line of energy-related business)
                   
Development and commercialization of photovoltaics (Category II)
   
14,788
             
Production, conversion, sale and distribution of thermal energy
                   
    products (Category VI)
   
29,063
             
Sale of technical, operational, management, and other services
                   
    related to HVAC, refrigeration systems (Category VII)
   
1,980
             
Fuel transportation, handling and storage facilities (Category IX)
   
50
             
                     
Total current aggregate investment
         
45,881
   
Line 4
 
                     
Difference between the greater of $50 million or 15% of capitalization
                   
and the total aggregate investment of the registered holding company
                   
system (line 3 less line 4)
       
$
2,939,974
   
Line 5
 




Note:
The caption "Total average consolidated capitalization" includes total common equity, preferred equity (including amounts due within one year), long-term debt (including amounts due within one year) and short-term debt.

 
The caption "Total current aggregate investment" includes all amounts invested or committed to be invested in energy-related companies on or after the date of effectiveness of Rule 58 (March 24, 1997), or after FirstEnergy Corp. registered as a holding company (November 7, 2001) for which there is recourse, directly or indirectly, to FirstEnergy Corp. or any subsidiary company thereof. The amounts do not include purchase accounting adjustments.

 
7

 
 
ITEM 5 - OTHER INVESTMENTS

 
Major Line of Energy-Related Business
 
Aggregate Investment as of June 30, 2005
 
Change in Investments During Reporting Period
 
 
Reason for Change in Investments
 
               
Energy management services (Category I)
 
$
1,766
(1)
 
-
   
No change.
 
                     
Development and commercialization of electrotechnologies (Category II)
   
40,554
(2)
 
-
   
No Change.
 
                     
Energy services and retail energy sales (Category V)
   
18,158
(3)
 
-
   
No change.
 
                     
Production, conversion, sale and distribution of thermal energy products (Category VI)
   
70,913
(4)
 
-
   
No change.
 
                     
Sale of technical, operational, management, and other services related to HVAC, refrigeration
systems (Category VII)
   
129,669
(5)
 
-
   
No change.
 
                     
Fuel transportation, handling and storage facilities (Category IX)
   
4,959
(6)
 
-
   
No change.
 
                     
Development and commercialization of technologies that utilize coal waste by-products (Category X)
   
46
(7)
 
-
   
No change.
 


(1)  
Includes $1,766 that was invested in energy-related companies, prior to FirstEnergy Corp. registered as a holding company (November 7, 2001).
(2)  
Includes $25,766 that was invested in energy-related companies, prior to FirstEnergy Corp. registered as a holding company (November 7, 2001).
(3)  
Includes $18,158 that was invested in energy-related companies, prior to FirstEnergy Corp. registered as a holding company (November 7, 2001).
(4)  
Includes $41,850 that was invested in energy-related companies, prior to FirstEnergy Corp. registered as a holding company (November 7, 2001).
(5)  
Includes $127,689 that was invested in energy-related companies, prior to FirstEnergy Corp. registered as a holding company (November 7, 2001).
(6)  
Includes $4,909 that was invested in energy-related companies, prior to FirstEnergy Corp. registered as a holding company (November 7, 2001).
(7)  
Includes $46 that was invested in energy-related companies, prior to FirstEnergy Corp. registered as a holding company (November 7, 2001).


 
8


ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS



A.     Financial Statements
   
A-1
Financial statements of FirstEnergy Solutions Corp. for the quarter ended September 30, 2005.
   
A-2
Financial statements of GPU Diversified Holdings for the quarter ended September 30, 2005
   
A-3
Financial statements of Bay Shore Power Company for the quarter ended September 30, 2005 - filed pursuant to request for confidential treatment.
   
A-4
Financial statements of Centerior Energy Services, Inc. for the quarter ended September 30, 2005 - filed pursuant to request for confidential treatment.
   
A-5
Financial statements of Warrenton River Terminal, Ltd. for the quarter ended September 30, 2005 - filed pursuant to request for confidential treatment.
   
A-6
Financial statements of Dunbar Mechanical, Inc. for the quarter ended September 30, 2005 - filed pursuant to request for confidential treatment.
   
A-7
Financial statements of Edwards Electrical & Mechanical, Inc. for the quarter ended September 30, 2005 - filed pursuant to request for confidential treatment.
   
A-8
Financial statements of L.H. Cranston and Sons, Inc. for the quarter ended September 30, 2005 - filed pursuant to request for confidential treatment.
   
A-9
Financial statements of Roth Bros., Inc. for the quarter ended September 30, 2005 - filed pursuant to request for confidential treatment.
   
A-10
Financial statements of The Hattenbach Company for the quarter ended September 30, 2005 - filed pursuant to request for confidential treatment.
   
A-11
Financial statements of R.P.C. Mechanical, Inc for the quarter ended September 30, 2005 - filed pursuant to request for confidential treatment.
   
A-12
Financial statements of GPU Solar, Inc. for the quarter ended September 30, 2005 - filed pursuant to request for confidential treatment.
   
   

 
9

 
ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS (Continued)



B.     Exhibits
   
Contracts Required by Item 3
   
B-1
Stockholders Agreement made and entered into as of January 7, 1998 by and among GPU International, Inc., AstroPower, Inc. and GPU Solar, Inc. (in connection with the sale of GPU International, Inc. on December 22, 2000, the Stockholders Agreement was amended such that GPU International, Inc. transferred its interest in GPU Solar, Inc. and its rights and responsibilities under the Stockholders Agreement to GPU Diversified Holdings LLC) - incorporated by reference to Exhibit B-12 to GPU's Quarterly Report on Form U-9C-3 for the period ended December 31, 2000.
   
B-2
Amendment No. 1 to Stockholders Agreement made and entered into as of December 1, 2000 by and among GPU International, Inc., AstroPower, Inc., GPU Diversified Holdings LLC and GPU Solar, Inc. (this amendment essentially transferred GPU International, Inc.'s interest in GPU Solar, Inc. and its rights and responsibilities under the Stockholders Agreement to GPU Diversified Holdings LLC) - incorporated by reference to Exhibit B-13 to GPU's Quarterly Report on Form U-9C-3 for the period ended December 31, 2000.
   
B-3
Contract between FirstEnergy Service Company and GPU Diversified Holdings LLC to provide legal and certain general and administrative services - incorporated by reference to Exhibit B-3 to FirstEnergy’s Quarterly Report on Form U-9C-3 for the period ended September 30, 2003.
   
B-4
Contract between FirstEnergy Service Company and FirstEnergy Solutions Corp. to provide legal and certain general and administrative services - incorporated by reference to Exhibit B-4 to FirstEnergy’s Quarterly Report on Form U-9C-3 for the period ended September 30, 2003.
   
   
Note:
Services rendered by all other FirstEnergy energy related companies to their associate companies are provided pursuant to written and oral contracts.
   
   
C.
Certificate of FirstEnergy Corp.




 
10


SIGNATURE


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




     
 
FirstEnergy Corp.
     
     
     
November 18, 2005
   
 
By:
     /s/ Harvey L. Wagner
 
          Harvey L. Wagner
   Vice President, Controller
and Chief Accounting Officer
(Principal Accounting Officer)



 
11