-----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, P1TqOSQfnm5hWUhma53bSROAXs5NC4l0mXjy2lMVvbOgo3xxdnF2f63buQoGM4bW OHZw4CcCv/701crkNPyPOA== 0001031296-04-000179.txt : 20040813 0001031296-04-000179.hdr.sgml : 20040813 20040813100933 ACCESSION NUMBER: 0001031296-04-000179 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20040813 EFFECTIVENESS DATE: 20040813 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: 070-10079 FILM NUMBER: 04972112 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 lihtc_r24.txt LIHTC SEC FILE NO. 70-10079 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. 70-10079 : (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 General Rules and Regulations under the Public Utility Holding Company Act of 1935 (the Act), that certain of the transactions proposed in the Application filed in SEC File No. 70-10079 have been carried out in accordance with the Commission's Order dated December 19, 2002, as follows: FirstEnergy request authority to invest, through December 31, 2005, up to $100 million in: (1) new or existing Low Income Housing Tax Credits (LIHTC Projects) located anywhere in the United states; and (2) historic building or other qualified rehabilitated building projects (Section 47 Projects) located within their service territories (collectively, "Tax Credit Projects"). 1. A copy of the unaudited financial statements of Ohio Edison Company (OE) (including a Consolidated Balance Sheet and Statement of Income) as of and for the twelve months ended June 30, 2004 is attached as Exhibit A. 2. During the period January 1, 2004 through June 30, 2004, there were no revenues and any form of compensation received from any and all Tax Credit Projects directly or indirectly owned. 3. No investment was made to new Tax Credit Projects during the period January 1, 2004 through June 30, 2004. 4. Amount authorized to invest in the Tax Credit $100,000,000 Projects as of January 1, 2004 Investment during the period January 1, 2004 through June 30, 2004 -0- ----------- Amount available to invest in the Tax Credit Projects as of June 30, 2004 $100,000,000 =========== 1 5. The following is a list of LIHTC project investments currently held by FirstEnergy and its subsidiaries as of June 30, 2004: Apollo Tax Credit Fund - III, L. P. $ 4,500,000 Apollo Tax Credit Fund - IX, L. P. 29,873,702 Boston Capital Corporate Tax Credit Fund IV, L. P. 2,063,483 Boston Capital Corporate Tax Credit Fund X, L. P. 5,341,538 Boston Capital Corporate Tax Credit Fund XIV, L. P. 11,574,200 Boston Capital Corporate Tax Credit Fund XVII, L. P. 6,782,570 Boston Financial Institutional Tax Credit Fund III, L. P. 4,650,000 Boston Financial Institutional Tax Credit Fund V, L. P. 2,500,000 Boston Financial Institutional Tax Credit Fund XVI, L. P. 4,863,500 Marion Senior Housing Limited Partnership 2,176,588 McDonald Corporate Tax Credit Fund LP 2,500,000 McDonald Corporate Tax Credit Fund - 1995 LP 5,000,000 McDonald Corporate Tax Credit Fund - 1996 LP 10,000,000 McDonald Ohio Tax Credit Fund - 1998 LP 5,000,000 Ohio Equity Fund for Housing LP II 998,535 USA Institutional Tax Credit Fund VII LP 3,850,000 ------------ Total $ 101,674,116 ============ 2 SIGNATURE PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935, THE UNDERSIGNED COMPANY HAS DULY CAUSED THIS CERTIFICATE TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED THEREUNTO DULY AUTHORIZED. FIRSTENERGY CORP. Date: August 13, 2004 By: /s/ Harvey L. Wagner -------------------------------------- Harvey L. Wagner Vice President, Controller and Chief Accounting Officer 3 EX-99 2 lihtc_exhindx.txt EXHIBIT INDEX Exhibit to be Filed by EDGAR ---------------------------- A. Consolidated financial statements of Ohio Edison Company as of and for the twelve months ended June 30, 2004. EX-99 3 lihtc_exh-a.txt EXHIBIT A Exhibit A Page 1 of 3 OHIO EDISON COMPANY Consolidated Balance Sheet (Unaudited) As of June 30, 2004 -------------------------------------- (In Thousands) Assets Utility Plant: In service $ 5,328,231 Less--Accumulated provision for depreciation 2,645,772 ----------- 2,682,459 Construction work in progress 165,507 ----------- 2,847,966 ----------- Investments: Investment in lease obligation bonds 370,183 Nuclear plant decommissioning trusts 399,519 Long-term notes receivable from associated companies 208,742 Others 53,971 ----------- 1,032,415 ----------- Current Assets: Cash and cash equivalents 1,664 Certificates of deposit 277,763 Receivables: Customers 275,038 Associated companies 372,453 Other 22,574 Notes receivable from associated companies 257,563 Materials and supplies 85,679 Prepayments and other 20,904 ----------- 1,313,638 ----------- Deferred Charges: Regulatory assets 1,275,435 Property taxes 59,279 Unamortized sale and leaseback costs 62,937 Other 65,722 ----------- 1,463,373 ----------- Total Assets $ 6,657,392 =========== Exhibit A Page 2 of 3 OHIO EDISON COMPANY Consolidated Balance Sheet (Unaudited) As of June 30, 2004 -------------------------------------- (In Thousands) Liabilities and Capitalization Capitalization: Common stockholder's equity $ 2,576,620 Preferred stock not subject to mandatory redemption 60,965 Preferred stock of consolidated subsidiary not subject to mandatory redemption 39,105 Long-term debt and other long-term obligations 1,000,114 ----------- 3,676,804 ----------- Current Liabilities: Currently payable long-term debt 559,640 Short-term borrowings Associated companies 33,537 Other 71,524 Accounts payable: Associated companies 177,281 Other 8,175 Accrued taxes 217,891 Accrued interest 18,604 Other 64,550 ----------- 1,151,202 ----------- Noncurrent Liabilities: Accumulated deferred income taxes 790,711 Accumulated deferred investment tax credits 69,507 Asset retirement obligation 328,243 Retirement benefits 349,058 Other 291,867 ----------- 1,829,386 ----------- Total Liabilities and Capitalization $ 6,657,392 =========== Exhibit A Page 3 of 3 OHIO EDISON COMPANY Consolidated Statement of Income (Unaudited) For the Twelve Months Ended June 30, 2004 ------------------------------------------- (In Thousands) Operating Revenues $ 2,971,023 Operating Expenses and Taxes: Fuel and purchased power 1,000,190 Other operating expenses 715,048 Provision for depreciation and amortization 453,884 General taxes 165,470 Income taxes 266,260 ---------- Total expenses 2,600,852 ---------- Operating Income 370,171 Other Income 72,223 Net interest charges: Interest expense 91,809 Allowance from borrowed funds used during construction (6,545) Subsidiaries' preferred stock dividends 3,187 ---------- Net interest charges 88,451 ---------- Net Income 353,943 Preferred Stock Dividend Requirements 2,634 ---------- Earnings on Common Stock $ 351,309 ========== -----END PRIVACY-ENHANCED MESSAGE-----