EX-99.N1 15 l87086ex99-n1.txt OUTSTANDING SECURITIES AND FINANCING ARRANGEMENTS 1 Exhibit N-1 OUTSTANDING SECURITIES AND FINANCING ARRANGEMENTS OF FIRSTENERGY AND SUBSIDIARIES (AS OF MARCH 31, 2001) ($ in thousands)
ISSUE TYPE INTEREST RATE ISSUE DATE MATURITY PRINCIPAL ---------- ------------- ---------- -------- --------- OHIO EDISON First Mortgage Bonds (FMB) 8.250% 4-1992 4-2002 $125,000 FMB 7.500% 8-1972 8-2002 34,265 FMB 7.375% 9-1992 9-2002 120,000 FMB 8.625% 9-1991 9-2003 150,000 FMB 6.875% 4-1993 4-2005 80,000 FMB 8.750% 6-1992 6-2022 50,960 FMB 7.875% 4-1993 4-2023 93,500 FMB 7.625% 7-1993 6-2023 75,000 -------- SUBTOTAL FMB $728,725 Pollution Control Notes (PCN) 3.150% 4-2000 4-2015 $19,000 PCN 6.750% 4-1995 7-2015 40,000 PCN 7.050% 7-1995 10-2020 60,000 PCN 7.000% 6-1991 6-2021 69,500 PCN 7.150% 9-1991 9-2021 443 PCN 5.375% 6-1998 6-2028 13,522 PCN 5.950% 11-1993 5-2029 6,212 PCN 5.950% 12-1993 5-2029 50,000 PCN 5.625% 12-1993 11-2029 50,000 PCN 3.150% 4-2000 4-2030 60,400 PCN 5.450% 9-1993 9-2033 14,800 PCN 3.200% 4-2000 10-2033 44,800 PCN 3.200% 4-2000 10-2033 12,300 PCN 2.750% 2-1989 2-2014 50,000 PCN 4.850% 1-1988 2-2015 50,000 PCN 5.800% 12-1999 6-2016 47,725 PCN 3.450% 9-1988 9-2018 33,000 PCN 3.350% 9-1988 9-2018 23,000 PCN 3.300% 6-2000 6-2023 50,000 PCN 4.300% 6-1999 6-2033 50,000 PCN 4.650% 6-1999 6-2033 108,000 PCN 5.400% 12-1999 6-2033 30,000 -------- SUBTOTAL PCN $882,702 PEPCO Trust Note 7.930% 10-1994 3-2002 $9,257 PEPCO Trust Note 7.680% 5-1994 10-2005 200,000 -------- SUBTOTAL PEPCO $209,257
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ISSUE TYPE INTEREST RATE ISSUE DATE MATURITY PRINCIPAL ---------- ------------- ---------- -------- --------- CITIBANK TERM NOTE 5.850% 11-1999 11-2002 $240,000 DEBENTURE 9.000% 10-1995 12-2025 $123,711 Preferred Stock 4.560% 3-1952 Perpetual $14,430 Preferred Stock 4.440% 1-1953 Perpetual 13,656 Preferred Stock 4.400% 10-1944 Perpetual 17,628 Preferred Stock 3.900% 4-1950 Perpetual 15,251 Preferred Stock 7.750% 4-1993 Perpetual 100,000 Preferred Stock 8.450% 11-1991 9-2001 5,000 ---------- SUBTOTAL PREFERRED STOCK $165,965 ========== GRAND TOTAL OHIO EDISON $2,350,360 PENN POWER FMB 7.500% 8-1992 8-2003 $40,000 FMB 6.625% 7-1993 1-2004 14,000 FMB 6.375% 9-1993 9-2004 20,500 FMB 9.740% 11-1989 11-2001-19 18,052 FMB 8.500% 7-1992 7-2022 27,250 FMB 7.625% 7-1993 7-2023 6,500 ---------- SUBTOTAL FMB $126,302 PCN 5.400% 10-1993 10-2013 $1,000 PCN 7.150% 9-1991 3-2017 17,925 PCN 5.400% 9-1993 9-2017 10,600 PCN 5.900% 5-1988 5-2018 16,800 PCN 7.150% 9-1991 9-2021 10,525 PCN 7.150% 9-1991 9-2021 3,957 PCN 6.150% 9-1994 8-2023 12,700 PCN 6.450% 5-1992 5-2027 14,500 PCN 2.750% 7-1997 6-2027 5,800 PCN 2.750% 7-1997 6-2027 4,500 PCN 5.375% 6-1998 6-2028 1,734 PCN 5.450% 9-1993 9-2028 6,950 PCN 6.000% 9-1995 9-2028 14,250 PCN 5.950% 11-1993 5-2029 238 PCN 5.900% 12-1999 6-2033 5,200 ---------- SUBTOTAL PCN $126,679 Preferred Stock 4.25% 11-1945 Perpetual $4,105 Preferred Stock 4.24% 3-1951 Perpetual 4,000 Preferred Stock 4.64% 6-1958 Perpetual 6,000 Preferred Stock 7.75% 7-1993 Perpetual 25,000 Preferred Stock 7.625% 10-1992 10-2022 15,000 ---------- SUBTOTAL PREFERRED STOCK $54,105 ======== GRAND TOTAL PENN POWER $307,086
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ISSUE TYPE INTEREST RATE ISSUE DATE MATURITY PRINCIPAL ---------- ------------- ---------- -------- --------- CLEVELAND ELECTRIC FMB 7.625% 8-1992 8-2002 $195,000 FMB 7.375% 6-1993 6-2003 100,000 FMB 9.500% 5-1995 5-2005 300,000 FMB 6.860% 10-1998 10-2008 125,000 FMB 9.000% 2-1993 1-2023 150,000 ---------- SUBTOTAL FMB $870,000 PCN 7.000% 9-1979 9-2001-09 $1,820 PCN 8.000% 5-1992 12-2013 78,700 PCN 3.046% 3-1988 3-2015 39,835 PCN 3.033% 3-1988 3-2018 72,795 PCN 6.000% 8-1997 8-2020 62,560 PCN 2.650% 8-1997 8-2020 47,500 PCN 6.100% 8-1997 8-2020 70,500 PCN 6.850% 2-1993 7-2023 30,000 PCN 8.000% 10-1994 10-2023 46,100 PCN 7.625% 5-1995 5-2025 53,900 PCN 7.750% 7-1995 7-2025 45,150 PCN 7.700% 8-1995 8-2025 43,800 PCN 5.375% 6-1998 6-2028 5,993 PCN 5.350% 10-1998 10-2030 23,255 PCN 4.600% 10-1998 10-2030 81,640 PCN 5.580% 7-1999 6-2033 27,700 ---------- SUBTOTAL PCN $731,248 MTN 7.420% 3-1993 8-2001 $10,000 MTN 9.050% 8-1991 8-2001 5,000 MTN 8.680% 10-1991 11-2001 15,000 MTN 8.540% 11-1991 11-2001 3,000 MTN 8.550% 11-1991 11-2001 5,000 MTN 8.560% 11-1991 11-2001 3,500 MTN 8.130% 7-1992 7-2002 28,000 MTN 7.850% 7-1992 7-2002 5,000 MTN 7.750% 3-1993 3-2003 10,000 MTN 7.750% 3-1993 3-2003 5,000 MTN 7.430% 10-1997 11-2009 150,000 MTN 7.880% 10-1997 11-2017 300,000 MTN 9.520% 8-1991 8-2021 7,500 ---------- SUBTOTAL MTN $547,000 Secured Trust Note 7.670% 6-1997 7-2004 $280,000 Secured Trust Note 7.130% 6-1997 7-2007 120,000 ---------- SUBTOTAL SEC TRUST NOTE $400,000 Preferred Stock 7.40% 11-1971 Perpetual $50,000 Preferred Stock 7.56% 8-1972 Perpetual 45,071 Preferred Stock Adjustable 12-1983 Perpetual 46,405
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ISSUE TYPE INTEREST RATE ISSUE DATE MATURITY PRINCIPAL ---------- ------------- ---------- -------- --------- Preferred Stock 8.48% 6-1993 Perpetual 96,850 Preferred Stock 7.35% 8-1973 8-1999-08 8,035 Preferred Stock 8.80% 12-1991 12-2001 50,513 Preferred Stock 9.00% 11-1992 11-2001-02 36,352 ---------- SUBTOTAL PREFERRED STOCK $333,226 ========== GRAND TOTAL CLEVELAND ELECT $2,881,474 TOLEDO EDISON FMB 8.000% 11-1973 11-2001-03 $34,525 FMB 7.875% 8-1992 8-2004 145,000 -------- SUBTOTAL FMB $179,525 PCN 7.625% 5-1995 5-2020 $45,000 PCN 7.750% 7-1995 5-2020 54,000 PCN 6.875% 1-1993 7-2023 20,200 PCN 8.000% 10-1994 10-2023 30,500 PCN 3.300% 5-2000 4-2024 67,300 PCN 6.100% 8-1997 8-2027 10,100 PCN 5.375% 6-1998 6-2028 3,751 PCN 3.000% 9-2000 9-2033 30,900 PCN 10.000% 8-1980 8-2001-10 970 PCN 4.850% 6-1999 6-2030 34,850 PCN 5.580% 7-1999 6-2033 18,800 PCN 5.250% 9-1999 9-2033 31,600 PCN 5.100% 9-1999 9-2033 5,700 ---------- SUBTOTAL PCN $353,671 Medium Term Notes (MTN) 8.500% 12-1991 12-2001 $8,000 MTN 8.650% 3-1992 4-2002 5,000 MTN 8.620% 3-1992 4-2002 7,000 MTN 8.180% 7-1992 7-2002 17,000 MTN 7.850% 3-1993 3-2003 15,000 MTN 7.820% 3-1993 3-2003 38,400 MTN 7.780% 3-1993 4-2003 1,000 MTN 7.760% 3-1993 4-2003 5,000 MTN 7.910% 3-1993 4-2003 3,000 MTN 10.000% 3-1991 3-2021 15,000 MTN 9.220% 11-1991 12-2021 15,000 ---------- SUBTOTAL MTN $129,400 Secured Trust Note 7.670% 6-1997 7-2004 $70,000 Secured Trust Note 7.130% 6-1997 7-2007 30,000 ---------- SUBTOTAL SEC TRUST NOTE $100,000 DEBENTURE 8.700% 8-1992 9-2002 135,000 Preferred Stock 4.25% 6-1947 Perpetual $16,000 Preferred Stock 4.56% 10-1951 Perpetual 5,000 Preferred Stock 4.25% 1-1955 Perpetual 10,000
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ISSUE TYPE INTEREST RATE ISSUE DATE MATURITY PRINCIPAL ---------- ------------- ---------- -------- --------- Preferred Stock 8.32% 8-1971 Perpetual 10,000 Preferred Stock 7.76% 8-1972 Perpetual 15,000 Preferred Stock 7.80% 7-1973 Perpetual 15,000 Preferred Stock 10.00% 3-1975 Perpetual 19,000 Preferred Stock 8.84% 12-1976 Perpetual 25,000 Preferred Stock 9.46% 10-1977 Perpetual 35,000 Preferred Stock Adjustable 10-1985 Perpetual 30,000 Preferred Stock Adjustable 3-1986 Perpetual 30,000 ---------- SUBTOTAL PREFERRED STOCK $210,000 ========== GRAND TOTAL TOLEDO EDISON $1,107,596 OTHER FINANCING ARRANGEMENTS FE Ventures - Bay Shore PCN 5.375% 3-1998 9-2002 $2,800 PCN 5.875% 3-1998 9-2020 73,400 PCN 6.625% 3-1998 9-2020 56,700 PCN 8.470% 3-1998 9-2020 14,600 ---------- SUBTOTAL PCN $147,500 FE Facilities Services Group SECURED NOTE $17,930 Marbel UNSECURED NOTE $649 AmericanTransmission Systems, Inc. ADVANCES TO ASSOCIATED COMPANIES 7.75% $338,480 FirstEnergy Properties, Inc NOTE 0.00% $10,000 FE Generation Corp. ADVANCES TO ASSOCIATED COMPANIES 0.00% $325,334 NOTES TO ASSOCIATED COMPANIES 0.00% $160,029 FE Services NOTES TO ASSOCIATED COMPANIES 0.00% $245,160
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ISSUE TYPE INTEREST RATE ISSUE DATE MATURITY PRINCIPAL ---------- ------------- ---------- -------- --------- OES Fuel NUCLEAR FUEL FINANCING NOTES $70,800 OES Finance ADVANCES TO ASSOCIATED COMPANIES $263,763 OES Nuclear ADVANCES TO ASSOCIATED COMPANIES $127,400
ISSUE TYPE INTEREST RATE ISSUE DATE MATURITY CAPACITY ---------- ------------- ---------- ---------- --------- FIRSTENERGY FE Revolving Credit Agreement Periodic Fixed Rate 12/4/2000 12/3/2001 $450,000 equal to LIBOR plus margin of 187.5 bp FIRSTENERGY GRAND TOTAL $450,000 OHIO EDISON OES Fuel LIBOR + 67.5 bp 3/30/2001 3/29/2002 $141,500 OES Capital LIBOR + 112.5 bp 3/12/2001 3/11/2002 $170,000 Uncommitted Credit Lines (IBJ) As negotiated 5/30/2001 5/29/2002 $50,000 Credit Line (FirstMerit) LIBOR + 70 bp 7/6/2001 7/5/2002 $15,000 Credit Line (Key) LIBOR + 75 bp 5/22/2001 5/21/2002 $40,000 Credit Line (Mellon) LIBOR + 85 bp 1/5/2001 1/4/2002 $20,000 --------- OHIO EDISON GRAND TOTAL $436,500 CENTERIOR ENERGY CFC Floating Rate Certificate LIBOR +150 bp 7/17/2001 7/16/2002 $200,000 --------- CENTERIOR ENERGY GRAND TOTAL $200,000
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ISSUE TYPE INTEREST RATE ISSUE DATE MATURITY CAPACITY ---------- ------------- ---------- ----------- --------- PENNPOWER Uncommitted Credit Line FED Funds +75 bp 2/93 open $2,000 --------- PENNPOWER GRAND TOTAL $2,000
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