-----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, R1wb4uXudlLn0dOGsB5+tErLhpNhSS9Ox1IZeaDoPAqi9teULWWSkvDmJ95oyoon uHauvLAmlKdBKVK2Lb1a9Q== 0001031296-98-000033.txt : 19981218 0001031296-98-000033.hdr.sgml : 19981218 ACCESSION NUMBER: 0001031296-98-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981217 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19981217 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: SEC FILE NUMBER: 333-21011 FILM NUMBER: 98770919 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 8-K 1 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) December 17, 1998 FirstEnergy Corp. (Exact name of Registrant as specified in its charter) Ohio 333-21011 34-1843785 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation) File Number) Identification No.) 76 South Main Street, Akron, Ohio 44308 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 330-384-5100 Item 5. Other Events On December 17, 1998, FirstEnergy Corp. reported that fourth quarter earnings would be adversely affected by lower heating load sales brought on by unusually mild weather in the Midwest, as described more fully in the press release filed as an exhibit to this Current Report on Form 8-K and incorporated herein by reference. Item 7. Financial Statements and Exhibits (99) Press Release dated December 17, 1998 of FirstEnergy Corp. 1 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. December 17, 1998 FIRSTENERGY CORP. ----------------- Registrant /s/ Harvey L. Wagner ------------------------------ Harvey L. Wagner Controller 2 EX-99 2 PRESS RELEASE 12/17/98 FirstEnergy Corp. For Release: December 17, 1998 76 South Main Street Akron, Ohio 44308-1890 News Media Contact: David C. Poeppelmeier (330-3845813) MILD WEATHER WILL IMPACT FIRSTENERGY'S FOURTH QUARTER EARNINGS FirstEnergy Corp. today reported during a meeting with financial analysts in New York that the company's fourth quarter earnings would be adversely affected by lower heating-load sales brought on by unusually mild weather in the Midwest. "Based on our sales analysis, we are projecting that earnings per share in the fourth quarter could be reduced by as much as 15 to 20 cents below what earnings would be under normal weather conditions," said Willard R. Holland, chairman and chief executive officer of FirstEnergy. According to First Call, a research company that provides financial data to the investment community, the average of financial analysts' estimates for earnings is 60 cents per share of common stock for FirstEnergy in the fourth quarter and $2.14 per share for the year. For the nine-months ended September 30, 1998, the Company reported income before extraordinary charges was $346.7 million, or $1.54 per share. The number of heating degree-days accumulated during October and November were approximately nine percent below normal. A heating degree-day is a unit used in estimating quantities of fuel or power consumption, based on a daily ratio of consumption and the mean temperature below 65 degrees Fahrenheit. This announcement contains forward-looking statements which are subject to various uncertainties. Discussion of the factors that could cause actual earnings results to differ materially from FirstEnergy's forecasts and expectations is contained in the Company's filings with the Securities and Exchange Commission. FirstEnergy is a diversified energy services holding company headquartered in Akron, Ohio. Its four electric utility operating companies - Ohio Edison and its subsidiary, Pennsylvania Power Company, The Illuminating Company and Toledo Edison Company - comprise the nation's 12th largest investor- owned electric system serving 2.2 million customers within 13,200 square miles of northern and central Ohio and Western Pennsylvania. -121798- 3 -----END PRIVACY-ENHANCED MESSAGE-----