-----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, Lyz3D7xoGVDyqUMKiYE3uQrye23KodHVfg8hlBgKdtUwGoeZYXTPq1MTBwOmNMo+ SxYY2jcgwCGwFNleOZPRTQ== 0001031296-02-000051.txt : 20020531 0001031296-02-000051.hdr.sgml : 20020531 20020530183450 ACCESSION NUMBER: 0001031296-02-000051 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020531 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: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-09793 FILM NUMBER: 02666814 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 35-CERT 1 fe_rule24-financing.txt RULE 24 SEC File No. 70-9793 And SEC FILE NO. 70-9941 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 CERTIFICATE PURSUANT TO RULE 24 OF PARTIAL COMPLETION OF TRANSACTIONS FirstEnergy Corp. - ------------------------------------: In the matter of : FirstEnergy Corp. : Certificate Pursuant : to Rule 24 of Partial : Completion of : Transactions SEC File No. 70-9793 : SEC File No. 70-9941 : (Public Utility Holding Company Act : of 1935) : - ------------------------------------ TO THE MEMBERS OF THE SECURITIES AND EXCHANGE COMMISSION: The undersigned, FirstEnergy Corp (FirstEnergy) hereby certifies pursuant to Rule 24 of the Rules and Regulations under the Public Utility Holding Company Act of 1935 (the Act), that certain of the transactions proposed in the Applications, as amended, filed in SEC File No. 70-9793 and SEC File No. 70-9941, respectively, have been carried out in accordance with the Commission's Orders dated with respect to the said Applications as follows: 1. During the period January 1, 2002 through March 31, 2002, there were no sales of common stock or Preferred Securities by FirstEnergy. 2. FirstEnergy issued 383,324 shares of common stock pursuant to options granted under employee benefit plans and dividends reinvestment plans during the first quarter of 2002. 3. During the period January 1, 2002 through March 31, 2002, no FirstEnergy common stock was transferred to a seller of securities of a company being acquired. 4. During the first quarter of 2002, the following guarantees were made by FirstEnergy to support activities of its subsidiaries, FirstEnergy Solutions Corp. (FE Solutions), FirstEnergy Facilities Services Group, LLC (FE Facilities), FirstEnergy Ventures Corp (FE Ventures) and FirstEnergy Generation (FE Generation): FE Solutions (Trading - Electric) Purpose of Beneficiary Amount Terms Guarantee ----------- ------ ----- --------- AES NewEnergy 1,500,000 (a) (b) Allegheny Energy 3,000,000 (a) (b) American Electric Power Corp 25,000,000 (a) (b) American Transmission System 500,000 (a) (b) Aquila Energy Marketing 8,000,000 (a) (b) BP Energy Trading 3,000,000 (a) (b) Cargil Alliant 1,000,000 (a) (b) Carolina Power & Light 500,000 (a) (b) Cinergy Capital & Trading 250,000 (a) (b) Cinergy Services, Inc. 10,000,000 (a) (b) CMS Marketing, Service and Trading 1,500,000 (a) (b) Conectiv Energy Supply 2,000,000 (a) (b) Constellation Power Source 5,000,000 (a) (b) 2 Consumers Energy 250,000 (a) (b) Coral Energy 5,000,000 (a) (b) Dayton Power & Light 3,000,000 (a) (b) Delmarva Power & Light Co. 750,000 (a) (b) Detroit Edison Co. 500,000 (a) (b) DTE Energy Trading 3,500,000 (a) (b) Duke Power 1,500,000 (a) (b) Dynegy Power Marketing 5,000,000 (a) (b) El Paso Merchant Energy -Gas, LP 5,000,000 (a) (b) Energy USA - TPC 2,000,000 (a) (b) Entergy - Koch Trading 5,000,000 (a) (b) Exelon Generation 4,000,000 (a) (b) Michigan Electric Transmission 250,000 (a) (b) Midwest ISO 2,000,000 (a) (b) Morgan Stanley Capital Group Inc. 5,000,000 (a) (b) New York Independent System Operator 1,000,000 (a) (b) New York State Electric & Gas 500,000 (a) (b) Northern Indiana Public Svc 1,000,000 (a) (b) Orion Power Midwest 2,500,000 (a) (b) PJM Interconnection 20,000,000 (a) (b) PP&L EnergyPlus 15,000,000 (a) (b) Public Service Electric & Gas 9,000,000 (a) (b) Reliant Energy Services 5,000,000 (a) (b) Sempra Energy Trading Corp. 2,500,000 (a) (b) Southern Energy Marketing 3,000,000 (a) (b) Tractebel Energy Marketing 1,000,000 (a) (b) TransAlta Energy Marketing Inc. 500,000 (a) (b) Virginia Power 5,000,000 (a) (b) Williams Energy Services 5,000,000 (a) (b) FE Solutions (Trading - Gas) AEP Energy Services Corp. 7,500,000 (a) (b) ANR Pipeline 50,000 (a) (b) Aquila Energy 5,000,000 (a) (b) Atlas Resources 10,000,000 (a) (b) BP Amoco 2,500,000 (a) (b) BP Energy 8,000,000 (a) (b) Cargil 4,000,000 (a) (b) Catalyst Energy 630,000 (a) (b) Cinergy Marketing & Trading 4,000,000 (a) (b) CMS Marketing, Services & Trade 1,000,000 (a) (b) CoEnergy Trading 4,000,000 (a) (b) Colonial Energy 1,000,000 (a) (b) Columbia Gas Transmission Corp. 2,500,000 (a) (b) Columbia Gulf Transmission Co. 1,000,000 (a) (b) Coral Energy Resources 1,000,000 (a) (b) Dominion Field Services 2,000,000 (a) (b) Dominion Retail 1,000,000 (a) (b) Dominion Transmission 3,000,000 (a) (b) Duke Energy Trading and Marketing LLC 2,500,000 (a) (b) 3 Dynegy Marketing & Trade 6,000,000 (a) (b) El Paso Merchant Energy 6,500,000 (a) (b) Energy USA -TPC 4,000,000 (a) (b) Equitable Energy, LLC 3,000,000 (a) (b) Equitable Gas 1,000,000 (a) (b) Markwest Hydrocarbon 1,000,000 (a) (b) MidAmerican Energy 1,500,000 (a) (b) Morgan Stanley Capital 12,000,000 (a) (b) Natural Fuel Gas . Distribution Corp. 250,000 (a) (b) NJR Energy Services 9,000,000 (a) (b) ONEOK Energy Marketing 5,000,000 (a) (b) Paribas Bank 5,000,000 (a) (b) PEPCO Energy Services 1,000,000 (a) (b) ProLiance Energy 4,000,000 (a) (b) Prudential Securities 25,000,000 (a) (b) Public Service Electric & Gas 1,000,000 (a) (b) Reliant Energy Services 7,000,000 (a) (b) Sempra Energy Trading 1,000,000 (a) (b) South Jersey Resource Group 950,000 (a) (b) Southern Company Energy Marketing 4,000,000 (a) (b) Tennessee Gas Pipeline 1,000,000 (a) (b) Texaco Natural Gas 3,000,000 (a) (b) Texas Eastern Transmission 500,000 (a) (b) TXU Energy Trading 5,000,000 (a) (b) Virgina Power Energy / Virginia Power Services 5,000,000 (a) (b) Vista Resources 1,000,000 (a) (b) Western Gas Resources 4,000,000 (a) (b) Williams Energy Services 8,000,000 (a) (b) WPS Energy Services 6,000,000 (a) (b) FE Solutions (Long-Term Supply Contracts ---------------------------------------- Constellation 46,000,000 5 Years (b) NRG Lake Plant Contract 30,000,000 5 Years (b) FE Generation (Fuel Marketing/Coal) Aquila Energy Marketing 2,000,000 (a) (c) Catepillar Equipment Lease 865,000 (a) (c) DTE Coal Services 500,000 (a) (c) MichCon - Sumpter Facility Construction 6,800,000 (a) (c) Peabody Coaltrade 5,000,000 (a) (c) PSEG Energy Resources 1,000,000 (a) (c) Southern Energy Marketing 1,000,000 (a) (c) FE Solutions (Retail) Akron Center Plaza 1,000,000 (a) (d) Pitt. Medical Center 800,000 (a) (d) Allegheny Power 225,000 (a) (d) American Electric Power 1,100,000 (a) (d) Atlantic City Electric 21,500,000 (a) (d) Atlantic City Electric 750,000 (a) (d) Baltimore Gas & Electric 25,000 (a) (d) Cincinnati Gas & Electric 2,600,000 (a) (d) Columbia Gas of Ohio 1,500,000 (a) (d) 4 Dayton Power & Light 280,000 (a) (d) Delmarva Power & Light 25,000 (a) (d) Detroit Edison 1,000,000 (a) (d) Dominion Peoples 1,000,000 (a) (d) GSA Ohio Bid 6,000,000 (a) (d) Jersey Central P&L 8,600,000 (a) (d) Northern Indiana Public Svc 7,350,000 (a) (d) PJM 1,500,000 (a) (d) Potomac Electric Power 25,000 (a) (d) Public Service Electric 43,000,000 (a) (d) Public Service Electric 500,000 (a) (d) State of Michigan 100,000 (a) (d) FE Facilities - HVAC Wachovia 1,100,000 1 Year (e) GE Capital 3,000,000 5 Years (f) GE Capital 10,000,000 5 Years (f) Fifth Third Bank 2,000,000 1 Year (e) FE Ventures Fleet National Bank 12,000,000 3 Years (e) Chase Manhattan Bank 15,000,000 2 Years (g) General Services Admin. 800,000 2 Years (h) National City Bank 10,000,000 5 Years (i) First Merit Bank 9,624,000 1 Year (j) (a) Such guarantees are issued for a one year term, with a ten-day termination right by FirstEnergy (b) Parental guarantees issued by FirstEnergy to provide credit support for electric power and natural gas purchases by subsidiary (c) Credit backstop to support coal and emission trading (d) Credit requirement in non-FirstEnergy service territories (e) Credit backstop to revolving credit agreement (f) Credit backstop equipment lease agreement (g) Bruce Mansfield oxidation project credit backstop (h) Credit backstop federal courthouse project (i) Credit backstop for real estate financing (j) Credit backstop for two FirstEnergy airplane leases 5. During the period January 1, 2002 through March 31, 2002, the FirstEnergy Companies issued the following indebtedness: Transaction Maturity Transaction Date Date Rate Amount Loan Balance ----------- -------- ---- ----------- ------------ CitiBank (FE Revolver) - ---------------------- FirstEnergy 1/7/02 1/14/02 2.93 (40,000,000) 100,056,875 FirstEnergy 1/14/02 1/14/02 0.00 (75,000,000) 0 FirstEnergy 1/14/02 2/13/02 2.93 0 100,243,750 FirstEnergy 1/18/02 1/25/02 2.86 (50,000,000) 20,011,131 FirstEnergy 1/25/02 2/1/02 2.86 (10,000,000) 10,005,565 FirstEnergy 1/28/02 2/11/02 2.86 100,000,000 100,111,319 FirstEnergy 1/28/02 2/27/02 2.81 0 250,585,937 FirstEnergy 1/31/02 2/14/02 2.93 40,000,000 40,045,500 FirstEnergy 2/1/02 2/1/02 0.00 (10,000,000) 0 FirstEnergy 2/11/02 2/11/02 0.00 (100,000,000) 0 FirstEnergy 2/13/02 2/20/02 2.93 (30,000,000) 70,039,812 FirstEnergy 2/14/02 2/14/02 0.00 (40,000,000) 0 5 FirstEnergy 2/20/02 3/6/02 2.93 45,000,000 115,130,812 FirstEnergy 2/22/02 3/15/02 2.93 250,000,000 250,426,562 FirstEnergy 2/27/02 3/6/02 2.88 (50,000,000) 200,111,805 FirstEnergy 3/1/02 3/22/02 2.93 40,000,000 40,068,250 FirstEnergy 3/6/02 3/13/02 2.93 (100,000,000) 15,008,531 FirstEnergy 3/6/02 4/5/02 2.94 50,000,000 250,611,979 FirstEnergy 3/15/02 3/28/02 2.99 40,000,000 290,312,857 FirstEnergy 3/22/02 3/28/02 2.99 25,000,000 65,032,364 FirstEnergy 3/28/02 4/5/02 3.11 0 65,044,958 FirstEnergy 3/28/02 4/5/02 3.11 160,000,000 450,311,250 CitiBank (OE Revolver) - --------------------- Ohio Edison 1/24/02 1/31/02 2.41 60,000,000 60,028,145 Ohio Edison 1/31/02 1/31/02 0.00 (60,000,000) 0 Ohio Edison 2/1/02 2/15/02 2.60 200,000,000 200,202,222 Ohio Edison 2/15/02 2/22/02 2.60 0 200,101,111 Ohio Edison 2/22/02 2/22/02 2.60 (200,000,000) 0 Ohio Edison 3/1/02 3/15/02 2.60 125,000,000 125,126,388 Ohio Edison 3/15/02 3/28/02 2.66 (20,000,000) 105,100,953 Ohio Edison 3/28/02 4/11/02 2.66 0 105,108,718 6. During the period January 1, 2002 through March 31, 2002, the following short term debt was issued by the Utility Subsidiaries: ATSI-Intercompany Loan to: - -------------------------- Ohio Edison 12/31/01 1/2/02 3.55 0 26,081,151 Ohio Edison 1/2/02 1/31/02 3.63 0 26,157,383 Ohio Edison 1/31/02 2/1/02 3.63 15,910,000 42,071,623 Ohio Edison 2/1/02 2/28/02 3.46 0 42,180,954 Ohio Edison 2/28/02 3/1/02 3.46 (5,448,000) 36,736,489 Ohio Edison 3/1/02 3/29/02 2.18 (4,617,000) 32,174,045 Ohio Edison 3/29/02 4/1/02 2.18 7,300,000 39,481,228 FirstEnergy-Intercompany Loan to: - ----------------------------------------- JCP&L 1/2/02 2/1/02 3.63 0 18,257,692 JCP&L 2/1/02 2/11/02 3.46 0 18,275,264 JCP&L 2/11/02 2/11/02 0.00 (18,275,264) 0 Met-Ed 1/2/02 2/1/02 3.63 0 72,314,532 Met-Ed 2/1/02 2/11/02 3.46 0 72,384,133 Met-Ed 2/11/02 2/20/02 3.46 (25,000,000) 47,425,179 Met-Ed 2/20/02 3/1/02 3.46 10,000,000 57,474,922 Met-Ed 3/1/02 3/15/02 2.18 40,000,000 97,557,703 Met-Ed 3/15/02 4/1/02 2.18 30,000,000 127,689,246 Ohio Edison 3/29/02 4/1/02 2.18 75,600,000 75,613,757 Penelec 1/2/02 1/18/02 3.63 0 77,840,131 Penelec 1/18/02 2/1/02 3.63 (20,000,000) 57,921,746 Penelec 2/1/02 2/11/02 3.46 0 57,977,494 Penelec 2/11/02 3/1/02 3.46 (30,000,000) 28,025,964 Penelec 3/1/02 3/15/02 2.18 0 28,049,765 Penelec 3/15/02 4/1/02 2.18 10,000,000 38,089,003 Penn Power Energy 1/2/02 2/1/02 3.63 0 14,870,039 Penn Power Energy 2/1/02 2/28/02 3.56 0 14,909,692 Penn Power Energy 2/28/02 3/1/02 3.56 (11,997) 14,899,165 Penn Power Energy 3/1/02 3/25/02 2.86 0 14,927,601 Penn Power Energy 3/25/02 3/29/02 2.86 3,000 14,935,351 Penn Power Energy 3/29/02 4/1/02 2.86 (158,989) 14,779,887 OES Fuel 1-Intercompany Loan to: - -------------------------------- Ohio Edison 1/28/02 2/28/02 2.45 53,000,000 53,111,587 Ohio Edison 2/28/02 3/28/02 2.53 52,880,000 52,983,850 OES Fuel 2-Intercompany Loan to: - -------------------------------- Ohio Edison 1/15/02 2/15/02 2.50 5,300,000 5,311,386 Ohio Edison 2/15/02 3/15/02 2.53 4,680,000 4,689,191 Ohio Edison 3/15/02 3/28/02 2.58 3,400,000 3,403,161 6 Ohio Edison-Intercompany Loan to: - --------------------------------- Cleveland Elec 1/2/02 1/31/02 3.63 0 90,553,480 Cleveland Elec 1/31/02 2/1/02 3.63 7,002,000) 83,559,901 Cleveland Elec 2/1/02 2/28/02 3.46 0 83,777,046 Cleveland Elec 2/28/02 3/1/02 3.46 71,220,000 155,011,965 Cleveland Elec 3/1/02 3/29/02 2.18 0 155,275,254 Cleveland Elec 3/29/02 4/1/02 2.18 4,180,000 159,484,272 Toledo Edison 1/2/02 1/31/02 3.63 0 17,261,843 Toledo Edison 1/31/02 1/31/02 0.00 (17,261,843) 0 Toledo Edison 2/28/02 3/1/02 3.46 94,791,790 94,800,913 Toledo Edison 3/1/02 3/29/02 2.18 0 94,961,934 Toledo Edison 3/29/02 4/1/02 2.18 (8,756,000) 86,221,622 PennPower-Intercompany Loan to: - ------------------------------- Ohio Edison 1/2/02 1/25/02 3.63 0 54,203,666 Ohio Edison 1/25/02 1/31/02 3.63 (2,735,000) 51,499,791 Ohio Edison 1/31/02 2/1/02 3.63 4,852,000 56,357,470 Ohio Edison 2/1/02 2/28/02 3.46 0 56,503,926 Ohio Edison 2/28/02 3/1/02 3.46 11,240,000 67,750,446 Ohio Edison 3/1/02 3/29/02 2.18 (9,125,000) 58,725,022 Ohio Edison 3/29/02 4/1/02 2.18 (57,720,000) 1,005,205 Toledo Edison-Intercompany Loan to: - ----------------------------------- Ohio Edison 1/31/02 2/1/02 3.63 0 2,057,363 Ohio Edison 2/1/02 2/28/02 3.46 0 2,062,709 Ohio Edison 2/28/02 2/28/02 0.00 (2,062,709) 0 FirstEnergy-Intercompany Loan to: - --------------------------------- Advanced Tech 1/2/02 1/31/02 3.63 0 5,508,711 Advanced Tech 1/31/02 2/1/02 3.63 166,020 5,675,304 Advanced Tech 2/1/02 2/28/02 3.56 0 5,690,438 Advanced Tech 2/28/02 3/1/02 3.56 (37,702) 5,653,294 Advanced Tech 3/1/02 3/29/02 2.86 0 5,665,882 E-Group 1/2/02 2/1/02 3.63 0 1,380,873 E-Group 2/1/02 2/28/02 3.56 0 1,384,556 E-Group 2/28/02 3/1/02 3.56 156,832 1,541,540 E-Group 3/1/02 3/29/02 2.86 0 1,544,973 EI UK 1/1/02 1/4/02 6.56 0 335,988,103 EI UK 1/4/02 1/18/02 6.56 (1,829,570)335,011,008 EI UK 1/18/02 1/22/02 6.56 (288,915)334,966,068 EI UK 1/22/02 2/1/02 6.56 (2,499,980)333,071,915 EI UK 2/1/02 3/1/02 6.56 0 334,771,322 Facilities Svc 1/2/02 1/3/02 3.63 0 23,856,641 Facilities Svc 1/3/02 1/11/02 3.63 75,000 23,950,937 Facilities Svc 1/11/02 1/14/02 3.63 75,000 4,033,202 Facilities Svc 1/14/02 1/18/02 3.63 75,000 24,117,921 Facilities Svc 1/18/02 1/23/02 3.63 (1,000,000) 23,129,571 Facilities Svc 1/23/02 1/25/02 3.63 (350,000) 22,784,163 Facilities Svc 1/25/02 1/29/02 3.63 (150,000) 22,643,288 Facilities Svc 1/29/02 1/31/02 3.63 50,000 22,697,863 Facilities Svc 1/31/02 2/1/02 3.63 437,267 23,137,462 Facilities Svc 2/1/02 2/4/02 3.56 0 23,144,317 Facilities Svc 2/4/02 2/11/02 3.56 (200,000) 22,960,180 Facilities Svc 2/11/02 2/14/02 3.56 (200,000) 22,766,923 Facilities Svc 2/14/02 2/15/02 3.56 (200,000) 22,569,152 Facilities Svc 2/15/02 2/20/02 3.56 1,800,000 24,381,186 Facilities Svc 2/20/02 2/25/02 3.56 (600,000) 23,792,930 Facilities Svc 2/25/02 2/28/02 3.56 (1,000,000) 22,799,683 Facilities Svc 2/28/02 3/1/02 3.56 1,378,866 24,180,937 Facilities Svc 3/1/02 3/4/02 2.86 0 24,186,706 Facilities Svc 3/4/02 3/5/02 2.86 2,100,000 26,288,797 Facilities Svc 3/5/02 3/13/02 2.86 (125,000) 26,180,442 Facilities Svc 3/13/02 3/15/02 2.86 (350,000) 25,834,550 Facilities Svc 3/15/02 3/18/02 2.86 (200,000) 25,640,666 Facilities Svc 3/18/02 3/25/02 2.86 1,500,000 27,155,774 Facilities Svc 3/25/02 3/28/02 2.86 (1,000,000) 26,162,014 Facilities Svc 3/28/02 3/29/02 2.86 (400,000) 25,764,063 7 FE Generation 1/2/02 1/31/02 3.63 0 414,946,278 FE Generation 1/31/02 2/1/02 3.63 (10,005,464)404,981,627 FE Generation 2/1/02 2/28/02 3.56 0 406,061,567 FE Generation 2/28/02 3/1/02 3.56 (24,211,123)381,888,156 FE Generation 3/1/02 3/29/02 2.86 0 382,738,489 FE Nuclear 2/28/02 3/1/02 3.56 0 14,009,951 FE Nuclear 3/1/02 3/29/02 2.86 0 14,041,146 FE Properties 2/28/02 3/1/02 3.56 138,286 138,300 FE Properties 3/1/02 3/29/02 2.86 0 138,608 FE Ventures 2/28/02 3/1/02 3.56 0 16,100 FE Ventures 3/1/02 3/29/02 2.86 0 16,136 FirstEnergy Svc 1/2/02 1/31/02 3.63 0 1,991,852 FirstEnergy Svc 1/2/02 1/31/02 3.63 0 24,006,489 FirstEnergy Svc 1/2/02 1/31/02 3.63 0 25,133,103 FirstEnergy Svc 1/31/02 2/1/02 3.63 4,066,413 6,058,876 FirstEnergy Svc 1/31/02 2/1/02 3.63 (406,578) 23,602,290 FirstEnergy Svc 1/31/02 2/1/02 3.63 46,183 25,181,823 FirstEnergy Svc 2/1/02 3/1/02 3.56 0 6,075,631 FirstEnergy Svc 2/1/02 3/1/02 3.56 0 23,667,560 FirstEnergy Svc 2/1/02 3/1/02 3.56 0 25,251,461 FE Solutions 1/2/02 1/25/02 3.63 0 287,029,144 FE Solutions 1/25/02 1/31/02 3.63 (40,690,000)246,488,113 FE Solutions 1/31/02 2/1/02 3.63 20,610,000 267,125,034 FE Solutions 2/1/02 2/28/02 3.56 0 267,837,360 FE Solutions 2/28/02 3/1/02 3.56 (12,674,000)255,188,561 FE Solutions 3/1/02 3/29/02 2.86 0 255,756,778 GPU Capital 1/1/02 2/1/02 6.56 0 859,241,083 GPU Capital 2/1/02 3/1/02 6.56 0 863,625,122 GPU Telecom 1/2/02 1/31/02 3.63 0 15,064,616 GPU Telecom 1/31/02 2/1/02 3.63 1,592,202 16,658,498 GPU Telecom 2/1/02 2/28/02 3.56 0 16,702,920 GPU Telecom 2/28/02 3/1/02 3.56 504,765 17,209,385 GPU Telecom 3/1/02 3/29/02 2.86 0 17,247,704 NorthEast Gas 1/2/02 2/1/02 3.63 0 4,513,606 NorthEast Gas 2/1/02 3/1/02 3.46 0 4,512,127 Penn Power Energy 1/2/02 2/1/02 3.63 0 14,870,039 Penn Power Energy 2/1/02 2/28/02 3.56 0 14,909,692 Penn Power Energy 2/28/02 3/1/02 3.56 (11,997) 14,899,165 Penn Power Energy 3/1/02 3/25/02 2.86 0 14,927,601 Penn Power Energy 3/25/02 3/29/02 2.86 3,000 14,935,351 JCP&L 1/2/02 2/1/02 3.63 0 18,257,692 JCP&L 2/1/02 2/11/02 3.46 0 18,275,264 JCP&L 2/11/02 2/11/02 0.00 (18,275,264) 0 Met-Ed 1/2/02 2/1/02 3.63 0 72,314,532 Met-Ed 2/1/02 2/11/02 3.46 0 72,384,133 Met-Ed 2/11/02 2/20/02 3.46 (25,000,000) 47,425,179 Met-Ed 2/20/02 3/1/02 3.46 10,000,000 57,474,922 Met-Ed 3/1/02 3/15/02 2.18 40,000,000 97,557,703 Penelec 1/2/02 1/18/02 3.63 0 77,840,131 Penelec 1/18/02 2/1/02 3.63 (20,000,000) 57,921,746 Penelec 2/1/02 2/11/02 3.46 0 57,977,494 Penelec 2/11/02 3/1/02 3.46 (30,000,000) 28,025,964 Penelec 3/1/02 3/15/02 2.18 0 28,049,765 GPU Advanced-Intercompany Loan to: - ---------------------------------- FE Solutions 2/28/02 3/1/02 3.56 0 13,001,283 FE Solutions 3/1/02 3/29/02 2.86 0 13,030,233 8 IBJ (Bi-Lateral Facility) Ohio Edison 1/2/02 1/3/02 2.65 0 23,001,693 Ohio Edison 1/3/02 1/4/02 2.53 (8,500,000) 14,501,019 Ohio Edison 1/4/02 1/7/02 2.40 8,500,000 23,004,600 Ohio Edison 1/7/02 1/8/02 2.47 7,000,000 30,002,058 Ohio Edison 1/8/02 1/9/02 2.34 (5,500,000) 24,501,592 Ohio Edison 1/9/02 1/10/02 2.34 (13,500,000) 11,000,715 Ohio Edison 1/10/02 1/10/02 0.00 (11,000,000) 0 Ohio Edison 1/14/02 1/15/02 2.47 30,000,000 30,002,058 Ohio Edison 1/15/02 1/16/02 2.56 (13,000,000) 17,001,208 Ohio Edison 1/16/02 1/17/02 2.40 (15,000,000) 2,000,133 Ohio Edison 1/17/02 1/18/02 2.34 4,500,000 6,500,422 Ohio Edison 1/18/02 1/22/02 2.34 23,500,000 30,007,800 Ohio Edison 1/22/02 1/23/02 2.47 0 30,002,058 Ohio Edison 1/23/02 1/24/02 2.59 (2,000,000) 28,002,014 Ohio Edison 1/24/02 1/24/02 0.00 (28,000,000) 0 Ohio Edison 1/25/02 1/28/02 2.47 11,500,000 11,502,367 Ohio Edison 1/28/02 1/28/02 0.00 (11,500,000) 0 Ohio Edison 2/4/02 2/5/02 2.53 0 2,500,175 Ohio Edison 2/5/02 2/5/02 0.00 (2,500,000) 0 Ohio Edison 2/14/02 2/15/02 2.47 15,500,000 15,501,063 Ohio Edison 2/15/02 2/19/02 2.53 14,500,000 30,008,433 Ohio Edison 2/19/02 2/20/02 2.47 0 30,002,058 Ohio Edison 2/20/02 2/20/02 0.00 (30,000,000) 0 Ohio Edison 2/28/02 3/1/02 2.56 4,500,000 4,500,320 Ohio Edison 3/1/02 3/4/02 2.47 16,500,000 21,004,322 Ohio Edison 3/4/02 3/5/02 2.47 (4,500,000) 16,501,132 Ohio Edison 3/5/02 3/5/02 0.00 (16,500,000) 0 Ohio Edison 3/6/02 3/7/02 2.34 30,000,000 30,001,950 Ohio Edison 3/7/02 3/8/02 2.47 (5,500,000) 24,501,680 Ohio Edison 3/8/02 3/11/02 2.37 (13,500,000) 11,002,172 Ohio Edison 3/11/02 3/12/02 2.47 7,000,000 18,001,235 Ohio Edison 3/12/02 3/12/02 0.00 (18,000,000) 0 Ohio Edison 3/15/02 3/18/02 2.53 30,000,000 30,006,325 Ohio Edison 3/18/02 3/19/02 2.47 0 30,002,058 Ohio Edison 3/19/02 3/20/02 2.40 (14,000,000) 16,001,066 Ohio Edison 3/20/02 3/21/02 2.40 14,000,000 30,002,000 Ohio Edison 3/21/02 3/22/02 2.47 0 30,002,058 Ohio Edison 3/22/02 3/25/02 2.40 (27,500,000) 2,500,500 Ohio Edison 3/25/02 3/26/02 2.47 10,000,000 12,500,857 Ohio Edison 3/26/02 3/27/02 2.47 (12,500,000) 0 KeyBank(Bi-Lateral Facility) - --------------------------- Ohio Edison 1/7/02 1/8/02 2.75 3,500,000 3,500,267 Ohio Edison 1/8/02 1/8/02 0.00 (3,500,000) 0 Ohio Edison 1/18/02 1/22/02 2.66 11,500,000 11,503,394 Ohio Edison 1/22/02 1/23/02 2.81 (8,000,000) 3,500,273 Ohio Edison 1/23/02 1/23/02 0.00 (3,500,000) 0 Ohio Edison 2/15/02 2/19/02 2.88 8,500,000 8,502,715 Ohio Edison 2/19/02 2/20/02 2.81 3,500,000 12,000,937 Ohio Edison 2/20/02 2/20/02 0.00 (12,000,000) 0 7. During the first quarter of 2002, there were no financings consummated by any Non-Utility Subsidiary that were not exempt under rule 52. 8. Neither FirstEnergy nor any of its Utility Subsidiaries entered into any Hedge Instruments or Anticipatory Hedges during the first quarter of 2002. 9. Investments made during the first quarter 2002 in any intermediate subsidiary or financing subsidiary are as follows: 9 Company Investment - ------- ---------- (in Thousands $) Centerior Funding Corp. (68,070) FE Facilities Holding Co. (102) GPU Power 1,500 Warrenton River Terminal, Ltd 50 Dunbar Mechanical Inc. 980 10. During the first quarter of 2002 FirstEnergy filed no U-6B-2 forms. 11. During the first quarter of 2002, no jurisdictional financing transactions were entered into by any FirstEnergy company. 12. The following table presented in thousands, provides the capital structure of FirstEnergy on a consolidated basis and each Utility Subsidiary as of the end of the first quarter 2002. FirstEnergy Corp. Amount Ratio - ----------------- ---------- ----- Common Equity $7,436,518 30.90% Preferred Stock 1,104,564 4.59% Long Term Debt 14,645,710 60.87% Short Term Debt 875,433 3.64% ---------- ------ Total Capitalization $21,193,758 100.00% ----------- ------ Ohio Edison Common Equity $2,623,556 48.12% Preferred Stock 335,070 6.15% Long Term Debt 2,206,958 40.48% Short Term Debt 286,132 5.25% ---------- ------ Total Capitalization $5,451,716 100.00% ---------- ------ Cleveland Electric Common Equity $1,086,519 26.56% Preferred Stock 265,693 6.49% Long-Term Debt 2,565,999 62.72% Short-Term Debt 173,188 4.23% ---------- ------ Total Capitalization $4,091,399 100.00% ---------- ------ Toledo Edison Common Equity $626,633 35.86% Preferred Stock 126,000 7.21% Long-Tern Debt. 908,579 52.00% Short-Term Debt 86,206 4.93% ---------- ------ Total Capitalization $1,747,418 100.00% ---------- ------ Pennsylvania Power Common Equity $227,013 42.56% Preferred Stock 54,105 10.14% Long-Term Debt 252,301 47.30% Short-Term Debt - -% ---------- ------ Total Capitalization $533,419 100.00% ---------- ------ 10 JCP&L Common Equity $3,203,866 69.37% Preferred Stock 193,600 4.19% Long-Term Debt 1,221,129 26.44% Short-Term Debt - -% --------- ------ Total Capitalization $4,618,595 100.00% ---------- ------ Met-Ed Common Equity $1,307,902 62.00% Preferred Stock 92,200 4.37% Long-Term Debt 581,808 27.58% Short-Term Debt 127,558 6.05% --------- ------ Total Capitalization $2,109,468 100.00% ---------- ------ Pennelec Common Equity $1,319,873 66.91% Preferred Stock 92,000 4.66% Long-Term Debt 522,687 26.50% Short-Term Debt 38,050 1.93% ---------- ------ Total Capitalization $1,972,610 100.00% ---------- ------ Note: FirstEnergy's long-term debt is adjusted to include $85 million classified as "Liabilities Related to Assets Pending Sale" on the balance sheet. 13. The following table presented in thousands provides retained earnings analysis of FirstEnergy on a consolidated basis and each Utility Subsidiary as of the end of the first quarter 2002.
FirstEnergy Ohio Cleveland Toledo Corp. Edison Electric Edison ----------- ------ -------- ------ Balance, January 1, 2002 $1,521,805 $572,272 $150,183 $113,436 Net Income (Loss) 116,493 56,351 12,696 (708) Cash Dividends on Pfd Stock 0 (2,596) (5,172) (3,425) Cash Dividends on Common Stock (109,726) (101,200) 0 (5,600) Premium on Pfd Stock Redemptions 0 0 (3,150) (1,299) --------- ------- ------- -------- Balance, March 31, 2002 $1,528,572 $524,827 $154,557 $102,404 ---------- -------- ------- -------- Penn. Power JCP&L Met-Ed Penelec ------ ----- ------ ------- Balance, January 1, 2002 $35,398 $29,343 $14,617 $10,795 Net Income (Loss) 11,950 39,979 19,118 14,147 Cash Dividends on Pfd Stock (925) (753) 0 0 Cash Dividends on Common Stock (7800) 0 0 0 Premium on Pfd Stock Redemptions 0 0 0 0 ------- ------- ------ ------- Balance, March 31, 2002 $38,623 $68,569 $33,735 $24,942 ------ ----- ------ ------
14. There was no change during the first quarter of 2002 related to the ratings provided by any nationally recognized rating agency for securities issued by FirstEnergy or any of its Utility Subsidiaries. 11 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. May 30, 2002 By: /s/ Harvey L. Wagner ------------------------------------- Harvey L. Wagner Vice President and Controller (Principal Accounting Officer) 12 -----END PRIVACY-ENHANCED MESSAGE-----