8-K

UNITED STATES

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) April 26, 2006

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, OH 44308
	Telephone (800)736-3402

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On April 26, 2006, FirstEnergy Corp. issued two public announcements, which are attached as Exhibits 99.1 and 99.2 hereto and incorporated by reference. FirstEnergy's Consolidated Report to the Financial Community contains non-GAAP* financial measures. Pursuant to the requirements of Regulation G, FirstEnergy has provided quantitative reconciliations within the Consolidated Report to the Financial Community of the non-GAAP* financial measures to the most directly comparable GAAP financial measures.

The Consolidated Report to the Financial Community includes normalized earnings per share, which is not calculated in accordance with GAAP because it excludes the impact of "unusual items". Unusual items reflect the impact on earnings of events that are not routine, may be related to discontinued businesses or may be the cumulative effect of an accounting change. Management believes presenting normalized earnings calculated in this manner provides useful information to investors in evaluating the ongoing results of FirstEnergy's businesses and assists investors in comparing the company's operating performance to the operating performance of other companies in the energy sector. The Consolidated Report to the Financial Community also includes references to free cash flow and cash generation which are not defined under GAAP. Management believes presenting these non-GAAP* measures provides useful information to investors in assessing FirstEnergy's normalized operating performance from a cash perspective. FirstEnergy’s management frequently references these non-GAAP* financial measures in its decision-making, using them to facilitate historical and ongoing performance comparisons as well as comparisons to the performance of peer companies.

The non-GAAP* information presented in the Consolidated Report to the Financial Community should be considered in addition to, and not as a substitute for, their most directly comparable financial measures prepared in accordance with GAAP.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits.

Exhibit No.	Description
99.1	Press Release issued by FirstEnergy Corp., dated April 26, 2006
99.2	Consolidated Report to the Financial Community, dated April 26, 2006

*This Form 8-K contains non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's historical or future financial performance, financial position, or cash flows that either excludes or includes amounts, or is subject to adjustment that have the effect of excluding or including amounts, that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with accounting principles generally accepted in the United States, or GAAP.

Forward-Looking Statements: This Form 8-K 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 and commodity market prices, replacement power costs being higher than anticipated or inadequately hedged, the continued ability of our regulated utilities to collect transition and other charges or to recover increased transmission costs, maintenance costs being higher than anticipated, legislative and regulatory changes (including revised environmental requirements), and the legal and regulatory changes resulting from the implementation of the Energy Policy Act of 2005 (including, but not limited to, the repeal of the Public Utility Holding Company Act of 1935), the uncertainty of the timing and amounts of the capital expenditures (including that such amounts could be higher than anticipated) or levels of emission reductions related to the Consent Decree resolving the New Source Review litigation, adverse regulatory or legal decisions and outcomes (including, but not limited to, the revocation of necessary licenses or operating permits, fines or other enforcement actions and remedies) of governmental investigations and oversight, including by the Securities and Exchange Commission, the United States Attorney’s Office, the Nuclear Regulatory Commission and the various state public utility commissions as disclosed in the registrant's Securities and Exchange Commission filings, generally, and with respect to the Davis-Besse Nuclear Power Station outage and heightened scrutiny at the Perry Nuclear Power Plant in particular, the timing and outcome of various proceedings before the Pennsylvania Public Utility Commission, including the transition rate plan filings for Met-Ed and Penelec, the continuing availability and operation of generating units, the ability of generating units to continue to operate at, or near full capacity, the inability to accomplish or realize anticipated benefits from strategic goals (including employee workforce initiatives), the anticipated benefits from voluntary pension plan contributions, the ability to improve electric commodity margins and to experience growth in the distribution business, the ability to access the public securities and other capital markets and the cost of such capital, the outcome, cost and other effects of present and potential legal and administrative proceedings and claims related to the August 14, 2003 regional power outage, circumstances which may lead management to seek, or the Board of Directors to grant, in each case in its sole discretion, authority for the implementation of a share repurchase program in the future, the risks and other factors discussed from time to time in the registrant's Securities and Exchange Commission filings, and other similar factors. The registrant expressly disclaims any current intention to update any forward-looking statements contained herein as a result of new information, future events, or otherwise.

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

April 26, 2006

        FIRSTENERGY CORP.

     Registrant

  /s/    HarveyL. Wagner

  Harvey L. Wagner

Vice President, Controller and

Chief Accounting Officer

3

EX-99.1

	EXHIBIT 99.1
FirstEnergy Corp.	For Release: April 26, 2006
76 South Main Street
Akron, Ohio 44308
www.firstenergycorp.com
News Media Contact:	Investor Contact:
Keith Hancock	Kurt Turosky
(330) 384-5247	(330) 384-5500

FIRSTENERGY REPORTS HIGHER FIRST QUARTER EARNINGS;

AFFIRMS ANNUAL EARNINGS GUIDANCE

Akron, Ohio - FirstEnergy Corp. (NYSE: FE) today reported that net income in the first quarter of 2006 was $220.8 million, or basic and diluted earnings of $0.67 per share of common stock - a 38-percent increase over its 2005 first quarter net income of $159.7 million, or basic earnings of $0.49 per share of common stock ($0.48 diluted).

“Earnings for the quarter improved over last year, due in large part to higher electric sales revenue, reduced transition cost amortization, and the outstanding performance of our generation fleet,” said President and Chief Executive Officer Anthony J. Alexander. “Led by the strong performance of our fossil plants, we established a new first quarter generation output record of 20 million megawatt hours, beating the previous record set in 2005 by more than 1 million megawatt hours.”

Total revenues for the first quarter of 2006 were $2.84 billion, compared with $2.75 billion in the first quarter of 2005.

Earnings during the period also were helped by reduced financing costs, as well as by implementation of the company’s Rate Certainty Plan in Ohio. Total electric generation sales were up by 2.1 percent over the prior-year quarter, mostly due to the return of customers to the company’s Ohio utilities from third-party suppliers. Unseasonably mild weather was primarily responsible for a 3-percent reduction in the amount of electricity delivered to customers, including electricity from third-party suppliers, through the company’s utility distribution system. Also, higher fuel and purchased power costs for the quarter negatively impacted the company’s earnings.

In the first quarter of 2005, earnings were increased by $0.02 per share from the combined impact of $0.07 per share of gains from the sale of non-core assets, offset by $0.04 per share of expense associated with the W. H. Sammis Plant New Source Review settlement and $0.01 per share of expense related to the fine by the Nuclear Regulatory Commission regarding the Davis-Besse Nuclear Power Station. The company had no unusual items impacting earnings during this year’s first quarter.

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2

The strong performance by FirstEnergy’s generation fleet reflects a quarterly record for fossil plant output of more than 13.1 million megawatt hours and a 20-percent increase in output by the nuclear fleet, which contributed more than 6.7 million megawatt hours during the quarter.

Also today, the company affirmed its 2006 earnings guidance of $3.45 to $3.65 per share, excluding unusual items.

FirstEnergy’s Consolidated Report to the Financial Community - which provides highlights on company developments and financial results for the first quarter of 2006 -

is posted on the company’s Internet site - www.firstenergycorp.com/ir. To access the report, click on Consolidated Report to the Financial Community.

FirstEnergy is a diversified energy company headquartered in Akron, Ohio. Its subsidiaries and affiliates are involved in the generation, transmission and distribution of

electricity, as well as energy management and other energy-related services. Its seven electric utility operating companies comprise the nation’s fifth largest investor-owned electric system, based on 4.5 million customers served within a 36,100-square-mile area of Ohio, Pennsylvania and New Jersey.

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 and commodity market prices, replacement power costs being higher than anticipated or inadequately hedged, the continued ability of our regulated utilities to collect transition and other charges or to recover increased transmission costs, maintenance costs being higher than anticipated, legislative and regulatory changes (including revised environmental requirements), and the legal and regulatory changes resulting from the implementation of the Energy Policy Act of 2005 (including, but not limited to, the repeal of the Public Utility Holding Company Act of 1935), the uncertainty of the timing and amounts of the capital expenditures (including that such amounts could be higher than anticipated) or levels of emission reductions related to the Consent Decree resolving the New Source Review litigation, adverse regulatory or legal decisions and outcomes (including, but not limited to, the revocation of necessary licenses or operating permits, fines or other enforcement actions and remedies) of governmental investigations and oversight, including by the Securities and Exchange Commission, the United States Attorney's Office, the Nuclear Regulatory Commission and the various state public utility commissions as disclosed in our Securities and Exchange Commission filings, generally, and with respect to the Davis-Besse Nuclear Power Station outage and heightened scrutiny at the Perry Nuclear Power Plant in particular, the timing and outcome of various proceedings before the Pennsylvania Public Utility Commission, including the transition rate plan filings for Met-Ed and Penelec, the continuing availability and operation of generating units, the ability of our generating units to continue to operate at, or near full capacity, our inability to accomplish or realize anticipated benefits from strategic goals (including employee workforce initiatives), the anticipated benefits from our voluntary pension plan contributions, our ability to improve electric commodity margins and to experience growth in the distribution business, our ability to access the public securities and other capital markets and the cost of such capital, the outcome, cost and other effects of present and potential legal and administrative proceedings and claims related to the August 14, 2003 regional power outage, circumstances which may lead management to seek, or the Board of Directors to grant, in each case in its sole discretion, authority for the implementation of a share repurchase program in the future, the risks and other factors discussed from time to time in our Securities and Exchange Commission filings, and other similar factors. We expressly disclaim any current intention to update any forward-looking statements contained herein as a result of new information, future events, or otherwise.

(042606)

EX-99.2

EXHIBIT 99.2

Consolidated Report to the Financial Community          

First Quarter 2006 

(Released April 26, 2006) (Unaudited)      

	HIGHLIGHTS	After-Tax EPS Variance Analysis	1st Qtr.
		1Q 2005 Basic EPS - GAAP Basis	$0.49
§	GAAP earnings were $0.67 per share for the	Unusual Items - 2005	(0.02)
	first quarter of 2006. This compares to GAAP	1Q 2005 Normalized Earnings - non-GAAP Basis	$0.47
	earnings of $0.49 per share and normalized	Distribution Deliveries	(0.02)
	non-GAAP* earnings of $0.47 per share in the	JCP&L Rate Increase	0.03
	first quarter of 2005.	Purchased Power	(0.03)
		Fossil Fuel Cost	(0.04)
		Ohio Regulatory Changes
		- Transition Cost Amortization	0.18
		- Distribution Deferred Costs	0.07
		- Rate Stabilization Charge Discount	(0.04)
		Postretirement Benefit Costs	0.01
		Financing Costs	0.03
		Other	0.01
		1Q 2006 Basic EPS - GAAP Basis	$0.67

1Q 2006 Results vs. 1Q 2005

 § Electric distribution deliveries decreased 3%, primarily due to unseasonably mild weather. Heating-degree-days were 15% lower than in the same period last year and 11% below normal. The reduced distribution deliveries negatively impacted earnings by $0.02 per share, while the JCP&L rate increase approved in May, 2005 improved earnings by $0.03 per share.

 § Total electric generation sales rose 2% as a 1.7 million MWh or 7% increase in retail sales more than offset a 1 million MWh or 16% decline in wholesale sales. The change in generation sales mix resulted from returning Ohio shopping customers.  Higher purchased power prices compared to the first quarter of last year, reduced earnings by $0.03 per share. In addition, higher fossil fuel costs, net of deferrals, lowered earnings by $0.04 per share.

 § Several elements of our Ohio Rate Plans became effective in the first quarter. Compared to the first quarter last year, a reduction in transition cost amortization increased earnings by $0.18 per share, primarily reflecting the end of generation transition cost recovery in Ohio in 2005. Other changes included the deferral of $0.07 per share of certain distribution costs related to reliability spending, partially offset by a $0.04 per share earnings reduction related to a Rate Stabilization Charge discount provided to shopping customers.

 § Postretirement benefit costs other than pensions decreased $6 million largely due to changes in health care benefits.

 § Total financing costs decreased by $11 million due to lower preferred stock dividends from last year’s redemption activity and higher capitalized interest, partially offset by higher interest on floating rate debt.

 § Other variances included increased investment income and higher earnings from non-core businesses.

2006 Earnings and Cash Generation Guidance*

 § Earnings guidance for 2006, excluding unusual items, remains at $3.45 to $3.65 per share.

 § Total cash generation (non-GAAP) guidance for 2006 remains at $460 million (after capital expenditures and common dividends).

* The 2006 GAAP to non-GAAP reconciliation statements are attached and available on the Investor Information section of FirstEnergy Corp.'s website at www.firstenergycorp.com/ir. The 2005 GAAP to non-GAAP reconciliation statements are available on FirstEnergy Corp.'s website.

For additional information, please contact:

Kurt E. Turosky	Terrance G. Howson	Rey Y. Jimenez
Director, Investor Relations	Vice President, Investor Relations	Principal, Investor Relations
(330) 384-5500	(973) 401-8519	(330) 761-4239

Consolidated Report to the Financial Community - 1^st Quarter 2006           2

FirstEnergy Corp.

Consolidated Statements of Income

(Unaudited)

(In millions, except for per share amounts)

				Three Months Ended March 31,
				2006			2005			Change
		Revenues
(1	)		Electric sales	$	2,511		$	2,437		$	74
(2	)		FE Facilities		46			43			3
(3	)		MYR		109			92			17
(4	)		Other		179			178			1
(5	)	Total Revenues			2,845			2,750			95
		Expenses
(6	)		Fuel		282			233			49
(7	)		Purchased power		694			662			32
(8	)		Other operating expenses		741			744			(3	)
(9	)		FE Facilities		47			48			(1	)
(10	)		MYR		105			92			13
(11	)		Provision for depreciation		148			143			5
(12	)		Amortization of regulatory assets		222			311			(89	)
(13	)		Deferral of new regulatory assets		(59	)		(60	)		1
(14	)		General taxes		193			185			8
(15	)	Total Expenses			2,373			2,358			15
(16	)	Operating Income			472			392			80
		Other Income (Expense)
(17	)		Investment income		43			41			2
(18	)		Interest expense		(165	)		(164	)		(1	)
(19	)		Capitalized interest		7			-			7
(20	)		Subsidiaries' preferred stock dividends		(2	)		(7	)		5
(21	)	Total Other Income (Expense)			(117	)		(130	)		13
(22	)		Income taxes		134			121			13
(23	)		Income before discontinued operations		221			141			80
(24	)		Discontinued operations		-			19			(19	)
(25	)	Net Income		$	221		$	160		$	61
		Basic Earnings Per Common Share:
(26	)		Before discontinued operations	$	0.67		$	0.43		$	0.24
(27	)		Discontinued operations		-			0.06			(0.06	)
(28	)	Basic Earnings Per Common Share		$	0.67		$	0.49		$	0.18
		Weighted Average Number of
(29	)	Basic Shares Outstanding			329			328			1
		Diluted Earnings Per Common Share:
(30	)		Before discontinued operations	$	0.67		$	0.42		$	0.25
(31	)		Discontinued operations		-			0.06			(0.06	)
(32	)	Diluted Earnings Per Common Share		$	0.67		$	0.48		$	0.19
		Weighted Average Number of
(33	)	Diluted Shares Outstanding			330			329			1

Consolidated Report to the Financial Community — 1^st Quarter 2006              3

FirstEnergy Corp.

Consolidated Income Segments

(Unaudited)

(In millions)

				Three Months Ended March 31, 2006
							Power
							Supply
				Regulated			Management			Facilities						Reconciling
				Services			Services			Services			Other (a)			Adjustments (b)			Consolidated
		Revenues
(1	)	Electric sales	$	935		$	1,576		$	-		$	-		$	-		$	2,511
(2	)	FE Facilities		-			-			46			-			-			46
(3	)	MYR		-			-			-			109			-			109
(4	)	Other		148			43			-			11			(23	)		179
(5	)	Internal revenues		35			-			-			-			(35	)		-
(6	)	Total Revenues		1,118			1,619			46			120			(58	)		2,845
		Expenses
(7	)	Fuel		-			282			-			-			-			282
(8	)	Purchased power		-			694			-			-			-			694
(9	)	Other operating expenses		299			450			-			4			(12	)		741
(10	)	FE Fascilities		-			-			47			-			-			47
(11	)	MYR		-			-			-			105			-			105
(12	)	Provision for depreciation		96			46			-			1			5			148
(13	)	Amortization of regulatory assets		217			5			-			-			-			222
(14	)	Deferral of new regulatory assets		(55	)		(4	)		-			-			-			(59	)
(15	)	General taxes		140			45			-			1			7			193
(16	)	Total Expenses		697			1,518			47			111			-			2,373
(17	)	Operating Income		421			101			(1	)		9			(58	)		472
		Other Income Expnese)
(18	)	Investment income		27			15			-			-			1			43
(19	)	Interest expense		(94	)		(53	)		-			(1	)		(17	)		(165	)
(20	)	Capitalized linterest		3			4			-			-			-			7
(21	)	Subsidiaries' preferred stock dividends		(2	)		-			-			-			-			(2	)
(22	)	Total Other Income (Expense)		(66	)		(34	)		-			(1	)		(16	)		(117	)
(23	)	Income taxes		144			27			-			(7	)		(30	)		134
(24	)	Income before discontinued operations		211			40			(1	)		15			(44	)		221
(25	)	Discontinued operaitons		-			-			-			-			-			-
(26	)	Net Income	$	211		$	40		$	(1	)	$	15		$	(44	)	$	221
(a)  Other consists of MYR (a construction service company) and telecommunications services.
(b)  Reconciling adjustments to segment operating results from internal management reporting to consolidated external financial reporting primarily        consists of interest expense related to holding company debt, corporate support services revenues and expenses, fuel marketing revenues which are         reflected as reductions to expenses for internal management reporting purposes and elimination of intersegment transactions.

Consolidated Report to the Financial Community - 1^st Quarter 2006                                                    
60;                               4

FirstEnergy Corp.

Consolidated Income Segments

(Unaudited)

(In millions)

				Three Months Ended March 31, 2005
							Power
							Supply
				Regulated			Management			Facilities						Reconciling
				Services			Services			Services			Other (a)			Adjustments (b)			Consolidated
		Revenues
(1	)		Electric sales	$	1,082		$	1,355		$	-		$	-		$	-		$	2,437
(2	)		FE Facilities		-			-			43			-			-			43
(3	)		MYR		-			-			-			92			-			92
(4	)		Other		134			22			-			20			2			178
(5	)		Internal revenues		78			-			-			-			(78	)		-
(6	)		Total Revenues		1,294			1,377			43			112			(76	)		2,750
	Expenses
(7	)		Fuel		-			233			-			-			-			233
(8	)		Purchased power		-			662			-			-			-			662
(9	)		Other operating expenses		324			503			-			2			(85	)		744
(10	)		FE Facilities		-			-			48			-			-			48
(11	)		MYR		-			-			-			92			-			92
(12	)		Provision for depreciation		126			10			-			1			6			143
(13	)		Amortization of regulatory assets		308			3			-			-			-			311
(14	)		Deferral of new regulatory assets		(60	)		-			-			-			-			(60	)
(15	)		General taxes		146			32			-			1			6			185
(16	)	Total Expenses			844			1,443			48			96			(73	)		2,358
(17	)	Operating Income			450			(66	)		(5	)		16			(3	)		392
		Other Income (Expense)
(18	)		Investment income		41			-			-			-			-			41
(19	)		Interest expense		(94	)		(7	)		-			(1	)		(62	)		(164	)
(20	)		Capitalized interest		3			(3	)		-			-			-			-
(21	)		Subsidiaries' preferred stock dividends		(7	)		-			-			-			-			(7	)
(22	)	Total Other Income (Expense)			(57	)		(10	)		-			(1	)		(62	)		(130	)
(23	)		Income taxes		157			(30	)		(3	)		10			(13	)		121
(24	)		Income before discontinued operations		236			(46	)		(2	)		5			(52	)		141
(25	)		Discontinued operations		-			-			13			6			-			19
(26	)    Net Income			$	236		$	(46	)	$	11		$	11		$	(52	)	$	160
(a)	Other consists of MYR (a construction service company) and telecommunications services.
(b)	Reconciling adjustments to segment operating results from internal management reporting to consolidated external financial reporting primarily       consists of interest expense related to holding company debt, corporate support services revenues and expenses, fuel marketing  revenues         which are reflected as reductions to expenses for internal management reporting purposes and elimination of intersegment transactions.

Consolidated Report to the Financial Community - 1^st Quarter 2006                                           
60;                     5

FirstEnergy Corp.

Consolidated Income Segments

(Unaudited)

(In millions)

				Three Months Ended March 31, 2006 vs. Three Months Ended March 31, 2005
							Power
							Supply
				Regulated			Management			Facilities						Reconciling
				Services			Services			Services			Other (a)			Adjustments (b)			Consolidated
		Revenues
(1	)		Electric sales	$	(147	)	$	221		$	-		$	-		$	-		$	74
(2	)		FE Facilities		-			-			3			-			-			3
(3	)		MYR		-			-			-			17			-			17
(4	)		Other		14			21			-			(9	)		(25	)		1
(5	)		Internal revenues		(43	)		-			-			-			43			-
(6	)	Total Revenues			(176	)		242			3			8			18			95
		Expenses
(7	)		Fuel		-			49			-			-			-			49
(8	)		Purchased power		-			32			-			-			-			32
(9	)		Other operating expenses		(25	)		(53	)		-			2			73			(3	)
(10	)		FE Facilities		-			-			(1	)		-			-			(1	)
(11	)		MYR		-			-			-			13			-			13
(12	)		Provision for depreciation		(30	)		36			-			-			(1	)		5
(13	)		Amortization of regulatory assets		(91	)		2			-			-			-			(89	)
(14	)		Deferral of new regulatory assets		5			(4	)		-			-			-			1
(15	)		General taxes		(6	)		13			-			-			1			8
(16	)	Total Expenses			(147	)		75			(1	)		15			73			15
(17	)	Operating Income			(29	)		167			4			(7	)		(55	)		80
		Other Income (Expense)
(18	)		Investment income		(14	)		15			-			-			1			2
(19	)		Interest expense		-			(46	)		-			-			45			(1	)
(20	)		Capitalized interest		-			7			-			-			-			7
(21	)		Subsidiaries' preferred stock dividends		5			-			-			-			-			5
(22	)	Total Other Income (Expense)			(9	)		(24	)		-			-			46			13
(23	)		Income taxes		(13	)		57			3			(17	)		(17	)		13
(24	)		Income before discontinued operations		(25	)		86			1			10			8			80
(25	)		Discontinued operations		-			-			(13	)		(6	)		-			(19	)
(26	)	Net Income		$	(25	)	$	86		$	(12	)	$	4		$	8		$	61
(a	)	Other consists of MYR (a construction service company) and telecommunications services.
(b	)	Reconciling adjustments to segment operating results from internal management reporting to consolidated external financial reporting primarily  consists of interest expense related to holding company debt, corporate support services revenues and expenses, fuel marketing revenues which are reflected as reductions to expenses for internal management reporting purposes and elimination of intersegment transactions.

Consolidated Report to the Financial Community - 1^st Quarter 2006                    
60;                           6

FirstEnergy Corp.

Financial Statements

(Unaudited)

(In millions)

Condensed Consolidated Balance Sheet
	As of March 31, 2006		As of Dec 31, 2005
Assets
Current Assets:
Cash and cash equivalents	$	62	$	64
Receivables		1,226		1,498
Other		813		755
Total Current Assets		2,101		2,317
Property, Plant, and Equipment		14,285		13,998
Investments		3,466		3,407
Deferred charges		11,945		12,119
Total Assets	$	31,797	$	31,841
Liabilities and Capitalization
Current Liabilities:
Currently payable long-term debt	$	2,116	$	2,043
Short-term borrowings		931		731
Accounts payable		612		727
Other		1,792		1,952
Total Current Liabilities		5,451		5,453
Capitalization:
Common stockholders' equity		9,320		9,188
Preferred stock		154		184
Long-term debt and other long-term obligations		8,003		8,155
Total Capitalization		17,477		17,527
Noncurrent Liabilities		8,869		8,861
Total Liabilities and Capitalization	$	31,797	$	31,841

Adjusted Capitalization (Including Off-Balance Sheet Items) - Rating Agency View
	As of March 31,
	2006		% Total			2005		% Total
Total common equity	$	9,320		43	%	$	8,621		41	%
Preferred stock		154		1	%		239		1	%
Long-term debt *		9,859		46	%		10,416		49	%
Short-term debt		931		4	%		310		2	%
Off-balance sheet debt equivalents:
Sale-leaseback net debt equivalents		1,297		6	%		1,353		6	%
Accounts receivable factoring **		-		0	%		142		1	%
Total	$	21,561		100	%	$	21,081		100	%

GENERAL INFORMATION
	Three Months Ended March 31,
	2006		2005
Long-term debt and preferred stock redemptions	$	94	$	334
New long-term debt issues	$	-	$	-
Short-term debt increase**	$	200	$	140
Capital expenditures	$	447	$	229
*   Includes amounts due to be paid within one year and excludes JCP&L securitization debt of $260 million and $264 million in 2006 and 2005 respectively.
** Off-balance sheet accounts receivable factoring agreement ($142 million as of March 31, 2005) renewed as an on-balance sheet short-term      financing agreement in the second quarter of 2005 ($94 million as of March 31, 2006).

Consolidated Report to the Financial Community - 1^st Quarter 2006                                                                                                                                                                    &# 160;                                  7

FirstEnergy Corp.

Financial Statements

(Unaudited)

(In millions)

Condensed Consolidated Statements of Cash Flows
	Three Months Ended March 31,
	2006			2005
Cash flows from operating activities:
Net income	$	221		$	160
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, amortization, and deferral of regulatory assets		350			394
RCP reliability deferrals		(39	)		-
Deferred purchased power and other costs		(125	)		(118	)
Deferred income taxes and investment tax credits		6			(14	)
Income from discontinued operations		-			(19	)
Cash collateral		(74	)		2
Change in working capital and other		97			193
Cash flows provided from operating activities	$	436		$	598
Cash flows used for financing activities		(50	)		(359	)
Cash flows used for investing activities		(388	)		(211	)
Net increase (decrease) in cash and cash equivalents	$	(2	)	$	28

	Three Months Ended March 31,
		2006			2005			Change
Ohio Regulatory Assets
Beginning balance		$	1,924		$	2,450
Deferral of shopping incentives			3			46		$	(43	)
Interest on shopping incentives			10			10			-
Deferral of MISO costs and interest			4			-			4
Deferral of RCP distribution reliability costs			39			-			39
Deferral of RCP fuel costs			21			-			21
Deferral of other regulatory assets			3			4			(1	)
Current period deferrals		$	80		$	60		$	20
Ohio transition costs amortization		$	(102	)	$	(203	)	$	101
MISO costs amortization			(5	)		-			(5	)
Other			(6	)		(11	)		5
Current period amortization		$	(113	)	$	(214	)	$	101
Ending Balance		$	1,891		$	2,296
Deferred Energy Costs - New Jersey
Beginning balance		$	541		$	446
Deferral (recovery) of energy costs			17			27		$	(10	)
Ending Balance		$	558		$	473

UNUSUAL ITEMS	Three Months Ended March 31,
	2006		2005			Change
Gain (Loss) on Non-Core Asset Sales of:
FE Facilities and MYR subs and FES Gas Operations (a)(b)	$	-	$	8		$	(8	)
All Other, net (c)		-		9			(9	)
Total Gain (Loss) on Non-Core Asset Sales		-		17			(17	)
EPA settlement (c)		-		(19	)		19
NRC fine (c) (d)		-		(3	)		3
Total-Pretax Items		-		(5	)		5
EPS Effect	$	-	$	0.02		$	(0.02	)
(a) Included in "Discontinued operations"		(c) Included in "Other operating expenses"
(b) Before income tax benefit of $12.2 million		(d) Non-tax deductible

Consolidated Report to the Financial Community - 1^st Quarter 2006                                                                                                                                                                       
60;                                 8

FirstEnergy Corp.

Statistical Summary

(Unaudited)

ELECTRIC SALES STATISTICS	Three Months Ended March 31,
(kWh in millions)	2006	2005	Change
Electric Generation Sales
Retail- Regulated	24,006	21,646	10.9	%
Retail - Competitive	2,719	3,413	-20.3	%
Total Retail	26,725	25,059	6.6	%
Wholesale	5,422	6,432	-15.7	%
Total Electric Generation Sales	32,147	31,491	2.1	%
Electric Distribution Deliveries
Ohio    - Residential	4,443	4,523	-1.8	%
- Commercial	3,644	3,761	-3.1	%
- Industrial	5,659	5,815	-2.7	%
- Other	91	98	-7.1	%
Total Ohio	13,837	14,197	-2.5	%
Pennsylvania  - Residential	3,092	3,174	-2.6	%
- Commercial	2,650	2,694	-1.6	%
- Industrial	2,563	2,620	-2.2	%
- Other	20	21	-4.8	%
Total Pennsylvania	8,325	8,509	-2.2	%
New Jersey    - Residential	2,254	2,354	-4.2	%
- - Commercial	2,204	2,229	-1.1	%
- Industrial	691	743	-7.0	%
- Other	22	22	0.0	%
Total New Jersey	5,171	5,348	-3.3	%
Total Residential	9,789	10,051	-2.6	%
Total Commercial	8,498	8,684	-2.1	%
Total Industrial	8,913	9,178	-2.9	%
Total Other	133	141	-5.7	%
Total Distribution Deliveries	27,333	28,054	-2.6	%
Electric Sales Shopped
Ohio    - Residential	596	1,884	-68.4	%
- - Commercial	957	1,776	-46.1	%
- Industrial	734	1,163	-36.9	%
Total Ohio	2,287	4,823	-52.6	%
Pennsylvania          - Residential	1	6	-83.3	%
- Commercial	1	25	-96.0	%
- Industrial	131	447	-70.7	%
Total Pennsylvania	133	478	-72.2	%
New Jersey            - Residential	-	1	-100.0	%
- Commercial	403	542	-25.6	%
- Industrial	504	564	-10.6	%
Total New Jersey	907	1,107	-18.1	%
Total Electric Sales Shopped	3,327	6,408	-48.1	%

OPERATING STATISTICS	As of March 31,
For 12 Months Ended	2006			2005
System Load Factor	61.2	%		66.8	%
Capacity Factors:
Fossil	64.5	%		59.1	%
Nuclear	90.7	%		88.5	%
Generation Output:
Fossil	63	%		61	%
Nuclear	37	%		39	%
WEATHER	2006		Normal	2005
Composite Heating-Degree-Days
1st Quarter	2,524		2,818	2,979
Composite Cooling-Degree-Days
1st Quarter	-		1	-

Consolidated Report to the Financial Community - 1^st Quarter 2006   9

FirstEnergy Corp.

2006 Cash Flow

(Unaudited)

Reconciliation of First Quarter 2006 Cash From Operating Activities (GAAP) to
Free Cash Flow (Non-GAAP) and Cash Generation (Non-GAAP)
(In millions)
Net Cash from Operating Activities:
Net Income	$	221
Adjustments:
Depreciation		148
Amortization of regulatory assets		222
Deferral of new regulatory assets		(20	)
RCP reliability deferrals		(39	)
Deferred purchased power and other costs		(125	)
Deferred income taxes and ITC, net		6
Other, including changes in working capital		23
Net Cash from Operating Activities (GAAP)	$	436
Other Items:
Capital expenditures		(376	)
Nuclear fuel fabrication		(71	)
Contributions to nuclear decommissioning trusts		(3	)
Common stock dividends		(148	)
Other, net		(99	)
Free Cash Flow (Non-GAAP)	$	(261	)
Non-core asset sales and other		57
Cash generation (Non-GAAP)	$	(204	)
The GAAP to Non-GAAP reconciliation statements are available on the Investor Information section of FirstEnergy Corp.'s website at www.firstenergycorp.com/ir.

Consolidated Report to the Financial Community - 1^st Quarter 2006                                                                                                                                                                       & #160;                              10

FirstEnergy Corp.

2006 Cash Flow Guidance

(Unaudited)

Reconciliation of 2006 Estimated Cash from Operating Activities (GAAP) to
Estimated Free Cash Flow (Non-GAAP) and Estimated Cash Generation (Non-GAAP)
(In millions)
Net Cash from Operating Activities:
GAAP Earnings Guidance		$1,135-1,200
Adjustments:
Depreciation		635
Amortization of regulatory assets		860
Deferral of new regulatory assets		(90)
RCP reliability deferrals		(150)
Deferred purchased power costs		(360)
Deferred income taxes and ITC, net		(20)
Collateral call refunds		70
Other, including changes in working capital		4
Net Cash from Operating Activities (GAAP)		$2,117
Other Items:
Capital expenditures		(1,116)
Nuclear fuel fabrication		(160)
Common stock dividends		(593)
Other, net		(45)
Free Cash Flow (Non-GAAP)	$	203
Non-core asset sales		80
JCP&L securitization 1		177
Cash Generation (Non-GAAP)	$	460
1 Potential securitization range of $177m - $277m.
The GAAP to Non-GAAP reconciliation statements are available on the Investor Information
section of FirstEnergy Corp.'s website at www.firstenergycorp.com/ir.

Consolidated Report to the Financial Community —— 1^st Quarter 2006                                                                                                                                                                         ;                        11

             & #160;   

RECENT DEVELOPMENTS

Met-Ed and Penelec Transition Rate Plan Filing

On April 10, Metropolitan Edison Company (Met-Ed) and Pennsylvania Electric Company (Penelec) filed a comprehensive transition rate plan, including requests for general rate increases, with the Pennsylvania Public Utility Commission. The plan is the first request to increase base rates since 1986 for Penelec and 1992 for Met-Ed. The filing addresses transmission, distribution and power supply issues while ensuring that customers continue to pay below-market prices for generation through 2010. Under the preferred approach, Met-Ed requested an overall increase of $216 million or 19%, while Penelec requested an increase of $157 million, or 15%. If approved, Met-Ed and Penelec customer rates for electricity in 2007 would remain comparable to the average rates currently charged by electric utilities across Pennsylvania.

Record Generation Output

FirstEnergy set a new first quarter generation output record of 20 million megawatt-hours, a 7.0% increase over the prior record established in the first quarter of 2005. The generation record was attributable to an increase in fossil generation, which established its best quarterly output ever.

Nuclear Plant Updates

On April 19, Beaver Valley Unit 1 returned to service 11 days ahead of schedule from a refueling and construction outage. The Unit became the first plant in the world to cut a temporary opening in its containment building and replace its steam generators and reactor head all within a 65-day timeframe. Other major work activities included replacing the turbine rotor, rewinding the main generator, and replacing about 40 percent of the fuel assemblies. Beaver Valley Unit 1 had operated safely and reliably for a unit-record of 456 consecutive days when it was taken off line for the outage and had posted an availability factor of 100 percent since its last refueling in the fall of 2004.

The Davis-Besse Nuclear Power Station is currently in the process of restarting, following the completion of its scheduled refueling outage. Major work activities during the outage included replacing several components in the plant’s turbine which is expected to increase power output by 11 megawatts, rebuilding two of the four reactor coolant pumps, and replacing approximately 40 percent of the fuel assemblies.

Renewable Wind Power Portfolio

During the quarter, FirstEnergy entered into several long-term agreements to expand its renewable wind power portfolio. On March 15, FirstEnergy entered into 20-year agreements to purchase the combined 250-megawatt output of two new wind power generation projects being developed in West Virginia, targeted to be operational by December 2007. On March 27, FirstEnergy entered into a 23-year agreement to purchase 80-megawatts of wind power from a project being developed in Pennsylvania, targeted to be operational by early 2007. When combined with existing contracts, FirstEnergy anticipates offering more than 360-megawatts of renewable wind power, more than any other company in the Mid-Atlantic region.

Ohio Competitive Bid Process

On February 23, the Competitive Bid Process (CBP) auction manager, National Economic Research Associates, notified the Public Utilities Commission of Ohio (PUCO) that the CBP designed to potentially provide firm generation service for our Ohio utilities’ 2007 and 2008 actual load requirements could not proceed due to lack of interest, as there were no bidder applications submitted. Additionally, on March 16, the PUCO denied applications for rehearing filed by various third parties regarding the Commission’s rules for the CBP.

Penn Power RFP Proposal

On April 20, the Pennsylvania Public Utility Commission (PPUC) approved Pennsylvania Power Company's POLR supply plan with modifications. The approved plan encourages wholesale electric suppliers to participate in a bidding process to provide customers with generation service from Jan. 1, 2007, through May 31, 2008. Penn Power’s POLR rates are currently capped at prices determined through restructuring agreements which are set to expire year-end 2006. As noted in the PPUC’s press release, the Commission is obligated to approve a POLR plan with rates that reflect prevailing market prices and that allow Penn Power to recover all reasonable costs for service.

Consolidated Report to the Financial Community - 1^st Quarter 2006                12

Forward-looking Statements. This Consolidated Report to the Financial Community 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 and commodity market prices, replacement power costs being higher than anticipated or inadequately hedged, the continued ability of our regulated utilities to collect transition and other charges or to recover increased transmission costs, maintenance costs being higher than anticipated, legislative and regulatory changes (including revised environmental requirements), and the legal and regulatory changes resulting from the implementation of the Energy Policy Act of 2005(including, but not limited to, the repeal of the Public Utility Holding Company Act of 1935), the uncertainty of the timing and amounts of the capital expenditures (including that such amounts could be higher than anticipated) or levels of emission reductions related to the Consent Decree resolving the New Source Review litigation, adverse regulatory or legal decisions and outcomes (including, but not limited to, the revocation of necessary licenses or operating permits, fines or other enforcement actions and remedies) of governmental investigations and oversight, including by the Securities and Exchange Commission, the United States Attorney's Office, the Nuclear Regulatory Commission and the various state public utility commissions as disclosed in our Securities and Exchange Commission filings, generally, and with respect to the Davis-Besse Nuclear Power Station outage and heightened scrutiny at the Perry Nuclear Power Plant in particular, the timing and outcome of various proceedings before the Pennsylvania Public Utility Commission, including the transition rate filings for MetEd and Penelec, the continuing availability and operation of generating units, the ability of our generating units to continue to operate at, or near full capacity, our inability to accomplish or realize anticipated benefits from strategic goals (including employee workforce initiatives), the anticipated benefits from our voluntary pension plan contributions, our ability to improve electric commodity margins and to experience growth in the distribution business, our ability to access the public securities and other capital markets and the cost of such capital, the outcome, cost and other effects of present and potential legal and administrative proceedings and claims related to the August 14, 2003 regional power outage, circumstances which may lead management to seek, or the Board of Directors to grant, in each case in its sole discretion, authority for the implementation of a share repurchase program in the future, the risks and other factors discussed from time to time in our Securities and Exchange Commission filings, and other similar factors. Dividends declared from time to time during any annual period may in aggregate vary from the indicated amounts due to circumstances considered by the Board at the time of the actual declarations. Also, a security rating should not be viewed as a recommendation to buy, sell or hold securities and it may be subject to revision or withdrawal at any time. We expressly disclaim any current intention to update any forward-looking statements contained herein as a result of new information, future events, or otherwise.

Consolidated Report to the Financial Community - 1^st Quarter 2006                13