Exhibit 1-1

FIRSTENERGY VENTURES CORP.

Consolidated Balance Sheet (Unaudited)

                 September 30, 2005                 

(In Thousands)

ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	-
Receivables:
Associated companies		3,832
Other		4,797
Notes receivable from associated companies		44,870
Material and supplies		560
Prepayments and other		3,079
		57,138
PROPERTY, PLANT AND EQUIPMENT:
In service		204,346
Less: Accumulated provision for depreciation		39,293
		165,053
Construction work in progress		-
		165,053
INVESTMENTS:
Other		43,714
		43,714
DEFERRED CHARGES:
Goodwill		67
Other		2,690
		2,757
TOTAL ASSETS	$	268,662
LIABILITIES & CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt	$	4,054
Short-term borrowings		873
Notes payable to associated companies		-
Accounts payable
Other		263
Associated companies		1,295
Accrued taxes		1,695
Accrued interest		697
Other		-
		8,877
CAPITALIZATION:
Common stockholder’s equity		110,640
Long-term debt		130,000
		240,640
DEFERRED CREDITS:
Accumulated deferred income taxes		11,900
Other		7,245
		19,145
TOTAL LIABILITIES & CAPITALIZATION	$	268,662

Exhibit 1-1

FIRSTENERGY VENTURES CORP.

Consolidated Statement of Operations (Unaudited)

(In Thousands)

	Three Months
	Ended			Year-to-date
	Sept. 30, 2005			Sept. 30, 2005
REVENUES	$	9,321		$	31,474
EXPENSES:
Fuel expense		1,110			3,637
Other operating expenses		3,637			12,046
Provision for depreciation and amortization		2,569			7,686
General taxes		61			187
Total expenses		7,377			23,556
INCOME BEFORE INTEREST & INCOME TAXES		1,944			7,918
NET INTEREST CHARGES:
Interest expenses		2,182			6,584
Capitalized interest		-			-
Net interest charges		2,182			6,584
INCOME TAXES/(BENEFITS)		(355	)		1,139
NET INCOME	$	117		$	195