-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T0FUm0hWRKZamXV1OuPTKbPFhFIRJKhTmU6KxzZ5u+gnCAv4CVJJc+yhIYK8XchB IxjgHJ4yIMnXZrfH/osKFA== 0001031296-02-000008.txt : 20020415 0001031296-02-000008.hdr.sgml : 20020415 ACCESSION NUMBER: 0001031296-02-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020312 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLEVELAND ELECTRIC ILLUMINATING CO CENTRAL INDEX KEY: 0000020947 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 340150020 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02323 FILM NUMBER: 02574015 BUSINESS ADDRESS: STREET 1: 76 SOUTH MAIN STREET STREET 2: C/O FIRSTENERGY CORP CITY: AKRON STATE: OH ZIP: 44308 BUSINESS PHONE: 2166229800 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRSTENERGY CORP CENTRAL INDEX KEY: 0001031296 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 341843785 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-21011 FILM NUMBER: 02574016 BUSINESS ADDRESS: STREET 1: 76 SOUTH MAIN ST CITY: AKRON STATE: OH ZIP: 44308-1890 BUSINESS PHONE: 3303845100 MAIL ADDRESS: STREET 1: 76 SOUTH MAIN ST CITY: AKRON STATE: OH ZIP: 44308-1890 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOLEDO EDISON CO CENTRAL INDEX KEY: 0000352049 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 344375005 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03583 FILM NUMBER: 02574017 BUSINESS ADDRESS: STREET 1: 76 SOUTH MAIN STREET CITY: AKRON STATE: OH ZIP: 43308 BUSINESS PHONE: 2166229800 8-K 1 eightk_main.txt SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) March 12, 2002 Commission Registrant; State of Incorporation; I.R.S. Employer File Number Address; and Telephone Number Identification No. - ----------- ----------------------------- ------------------ 333-21011 FIRSTENERGY CORP. 34-1843785 (An Ohio Corporation) 76 South Main Street Akron, Ohio 44308 Telephone (800)736-3402 1-2323 THE CLEVELAND ELECTRIC ILLUMINATING COMPANY 34-0150020 (An Ohio Corporation) c/o FirstEnergy Corp. 76 South Main Street Akron, OH 44308 Telephone (800)736-3402 1-3583 THE TOLEDO EDISON COMPANY 34-4375005 (An Ohio Corporation) c/o FirstEnergy Corp. 76 South Main Street Akron, OH 44308 Telephone (800)736-3402 Item 5. Other Events The Davis-Besse Nuclear Power Station, which is operated by FirstEnergy Nuclear Operating Company (FENOC), began its scheduled refueling outage on February 16, 2002. The plant was originally scheduled to return to service by the end of March. During the refueling outage, visual and ultrasonic testing was conducted on all 69 of the Control Rod Drive Mechanism penetration nozzles. This testing was performed to check for the kind of circular or circumferential cracking in these nozzles that has been found at some other plants similar in design and vintage to Davis-Besse. Based on the inspection and test results, five nozzles will be repaired during the refueling outage. As repair work began on one of the nozzles, FENOC found a small area of corrosion in the reactor vessel head near the penetration hole, apparently created by boric acid deposits. The corrosion will have to be repaired and is expected to extend the planned refueling outage. On March 12, 2002, the Nuclear Regulatory Commission sent a team of engineers and metallurgists to inspect corrosion on the reactor head of the Davis-Besse Nuclear Power Station. Although the exact length of the outage has not been determined, FENOC expects the outage to be extended by 60 to 90 days and expects additional nuclear-related operation and maintenance costs of approximately $5-10 million. In addition, the loss of generation output from Davis-Besse during the extended outage period could increase energy costs between $10 million to $15 million per month. As a result, the outage extension and additional repairs could reduce FirstEnergy's after-tax earnings by $0.05 to $0.10 per share in total during the first half of 2002. The Davis-Besse Nuclear Power Station is owned 51.38% by The Cleveland Electric Illuminating Company and 48.62% by The Toledo Edison Company. Item 7. Exhibits Exhibit No. Description - ----------- ----------- 99 Press Release of FirstEnergy Nuclear Operating Company, a subsidiary of FirstEnergy Corp., dated March 13, 2002, announcing it expects the refueling and maintenance outage for the Davis-Besse Nuclear Power Station to be extended by 60 to 90 days. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. March 13, 2002 FIRSTENERGY CORP. ----------------- Registrant THE CLEVELAND ELECTRIC ---------------------- ILLUMINATING COMPANY -------------------- Registrant THE TOLEDO EDISON COMPANY ------------------------- Registrant /s/ Harvey L. Wagner ----------------------------------------- Harvey L. Wagner Vice President and Controller 2 EX-99 3 eightk_ex99.txt PRESS RELEASE Exhibit 99 FirstEnergy Nuclear Operating Company For Immediate Release Davis-Besse Nuclear Power Station 5501 N. State Route 2 Oak Harbor, Ohio 43449 News Media Contact: Richard Wilkins (419) 321-7129 DAVIS-BESSE EXTENDS REFUELING OUTAGE FirstEnergy Nuclear Operating Company (FENOC), a subsidiary of Akron, Ohio-based FirstEnergy Corp. (NYSE: FE), announced today it expects the refueling and maintenance outage for the Davis-Besse Nuclear Power Station to be extended by 60 to 90 days, although the exact length of the outage has not yet been determined. Originally scheduled to return to service by the end of March, the plant will remain off line while crews complete repairs on the reactor head. Those repairs include fixing five Control Rod Drive Mechanism nozzles, as well as damage caused by boric acid corrosion in and around one of the nozzle penetration holes. As plant officials continue to investigate the cause of the problem, they are providing information to the Nuclear Regulatory Commission's (NRC) Augmented Inspection Team, composed of metallurgical and engineering specialists who arrived on site yesterday. In addition to monitoring the investigation, the NRC will review and approve the final plan for repairing the corrosion problem. Information from the investigation will help regulators and other plant operators determine if similar conditions might exist at other plants. (more) Supplemental information is included in a March 13, 2002, letter addressed to the investment community that will be posted on the Investor Relations home page at FirstEnergy's Internet site: www.firstenergycorp.com/ir. Forward-Looking Statements: This news release includes forward-looking statements based on information currently available to management. Such statements are subject to certain risks and uncertainties. These statements typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "believe," "estimate" and similar words. Actual results may differ materially due to the speed and nature of increased competition and deregulation in the electric utility industry, economic or weather conditions affecting future sales and margins, changes in markets for energy services, changing energy market prices, legislative and regulatory changes or approvals (including revised environmental requirements), availability and cost of capital, inability to accomplish or realize anticipated benefits of strategic goals and other similar factors. (031302) -----END PRIVACY-ENHANCED MESSAGE-----