-----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, BsH7exiWMmsSJg4kdL09leuwfJuQNYEQoeoepip0lqqhc5ueAdp7dzFvVOWkPD7X l4Jabt/9UVaNZ+8RQ1yqgw== 0000950152-04-007099.txt : 20040928 0000950152-04-007099.hdr.sgml : 20040928 20040928164343 ACCESSION NUMBER: 0000950152-04-007099 CONFORMED SUBMISSION TYPE: S-4/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20040928 DATE AS OF CHANGE: 20040928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JERSEY CENTRAL POWER & LIGHT CO CENTRAL INDEX KEY: 0000053456 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 210485010 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-4/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-119040 FILM NUMBER: 041050330 BUSINESS ADDRESS: STREET 1: 2800 POTTSVILLE PIKE CITY: READING STATE: PA ZIP: 19640-0001 BUSINESS PHONE: 6109293601 MAIL ADDRESS: STREET 1: C/O GPU ENERGY STREET 2: 2800 POTTSVILLE PIKE CITY: READING STATE: PA ZIP: 19640-0001 S-4/A 1 l09554bsv4za.htm JERSEY CENTRAL POWER & LIGHT COMPANY JERSEY CENTRAL POWER & LIGHT COMPANY
 

As filed with the Securities and Exchange Commission on September 28, 2004
Registration No. 333-119040



SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


Pre-Effective

Amendment No. 1
To
Form S-4
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933


Jersey Central Power & Light Company

(Exact name of registrant as specified in its charter)
         
New Jersey   4911   21-0485010
(State or other jurisdiction of
incorporation or organization)
  (Primary Standard Industrial
Classification Code Number)
  (I.R.S. Employer
Identification Number)

c/o FirstEnergy Corp.

76 South Main Street
Akron, Ohio 44308-1890
(800) 736-3402
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)


Leila L. Vespoli, Esq.

Senior Vice President and General Counsel
c/o FirstEnergy Corp.
76 South Main Street
Akron, Ohio 44308-1890
(800) 736-3402
(Name, address, including zip code, and telephone number, including area code, of agent for service)


With copies to:

     
Lucas F. Torres, Esq.   Douglas E. Davidson, Esq.
Akin Gump Strauss Hauer & Feld LLP   Thelen Reid & Priest LLP
590 Madison Avenue   875 Third Avenue
New York, NY 10022   New York, NY 10022-6225
(212) 872-1000   (212) 603-2000
Fax: (212) 872-1002   Fax: (212) 603-2001

     Approximate date of commencement of proposed sale of the securities to the public: As soon as practicable after the registration statement becomes effective.

     If the securities being registered on this Form are being offered in connection with the formation of a holding company and there is compliance with General Instruction G, check the following box.    o

     If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.    o

     If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box, and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.    o

     The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act or until this Registration Statement shall become effective on such date as the Commission, acting pursuant to Section 8(a), may determine.




 

PART II — INFORMATION NOT REQUIRED IN PROSPECTUS

 
Item 20.      Indemnification of Directors and Officers

      Section 14A: 3-5(2) of Title 14 of New Jersey Permanent Statutes gives a corporation incorporated under the laws of New Jersey power to indemnify any person who is or has been a director, officer or employee of that corporation, or of another corporation at the request of that corporation, against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with any threatened, pending or completed action, suit or proceeding, criminal or civil, to which he is or may be made a party because of being or having been such director, officer or employee, provided that in connection therewith, such person is determined to have acted in good faith in what he reasonably believed to be in or not opposed to the best interest of the corporation of which he is a director, officer or employee, without reasonable cause, in the case of a criminal matter, to believe that his conduct was unlawful. The determination as to the conditions precedent to the permitted indemnification of such person is made by the directors of the indemnifying corporation acting at a meeting at which, for the purpose, any director who is a party to or threatened with any such action, suit or proceeding may not be counted in determining the existence of a quorum and may not vote. If, because of the foregoing limitations, the directors are unable to act in this regard, such determination may be made by the majority vote of the corporation’s voting shareholders (or without a meeting upon two-thirds written consent of such shareholders), by judicial proceeding or by written opinion of independent legal counsel other than an attorney who has been retained by or has performed services for the corporation or any person to be indemnified during the five years preceding the date of determination.

      Section 32 of the Registrant’s By-Laws provides as follows:

      “The corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed civil, criminal, administrative or arbitrative action, suit or proceeding, and any appeal therein and any inquiry or investigation which could lead to such action, suit or proceeding, other than a proceeding by or in the right of the corporation, by reason of the fact that he was a director, officer or employee of the corporation (and may indemnify any person who was an agent of the corporation), or a person serving at the request of the corporation as a director, officer, trustee, employee or agent of another corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise, whether or not for profit, to the fullest extent permitted by law, including without limitation indemnification against liabilities (amounts paid or incurred in satisfaction of settlements, judgments, fines and-penalties) and expenses (reasonable costs, disbursements and counsel fees) incurred by such person in connection with such proceeding, if

        (i) such person acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interest of the corporation; and
 
        (ii) with respect to any criminal proceeding, such person had no reasonable cause to believe his conduct was unlawful.

The termination of any proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, shall not of itself create a presumption that such person did not meet the applicable standards of conduct set forth in Section 32(a)(i) or in Section 32(a)(h).”

      Section 14A: 3-5(8) of Title 14A of New Jersey Permanent Statutes provides that the indemnification thereby permitted shall not be exclusive of any other rights that directors, officers or employees may have, including rights under insurance purchased by the corporation.

      Section 32(g) of the Registrant’s By-laws provides as follows:

      “The corporation shall have the power to purchase and maintain insurance on behalf of any director, officer, employee or agent of the corporation against any expenses incurred in any proceeding and any liabilities asserted against him by reason of his being or having been such, whether or not the corporation would have the power to indemnify him against such expenses and liabilities under the provisions of this section. The corporation may purchase such insurance from, or such insurance may be reinsured in whole

II-1


 

or in part by, and insurer owned by or otherwise affiliated with the corporation, whether or not such insurer does business with other insureds.”

      The Registrant maintains and pays the premium on contracts insuring the Registrant (with certain exclusions) against any liability to directors and officers they may incur under the above indemnity provisions and insuring each director and officer of the Registrant (with certain exclusions) against liability and expense, including legal fees, which he or she may incur by reason of his or her relationship to the Registrant.

 
Item 21. Exhibits and Financial Statement Schedules

      (a) Exhibits

         
Exhibit No. Description


  3(a)*     Restated Certificate of Incorporation of JCP&L, as amended — Incorporated by reference to Exhibit 3-A, 1990 Annual Report on Form 10-K, SEC File No. 1-3141.
  3(a)(1)*     Certificate of Amendment to Restated Certificate of Incorporation of JCP&L, dated June 19, 1992 — Incorporated by reference to Exhibit A-2(a), Certificate Pursuant to Rule 24, SEC File No. 70-7949.
  3(a)(2)*     Certificate of Amendment to Restated Certificate of Incorporation of JCP&L, dated June 19, 1992 — Incorporated by reference to Exhibit A-2(a)(i), Certificate Pursuant to Rule 24, SEC File No. 70-7949.
  3(b)*     By-Laws of JCP&L, as amended May 25, 1993 — Incorporated by reference to Exhibit 3-B, 1993 Annual Report on Form 10-K, SEC File No. 1-3141.
  4(a)*     Indenture of JCP&L, dated as of March 1, 1946, between JCP&L and United States Trust Company of New York, Successor Trustee, as amended and supplemented by eight supplemental indentures dated December 1, 1948 through June 1, 1960 — Incorporated by reference to JCP&L’s Instruments of Indebtedness Nos. 1 to 7, inclusive, and 9 and 10 filed as part of Amendment No. 1 to 1959 Annual Report of GPU on Form U5S, SEC File Nos. 30-126 and 1-3292.
  4(a)(1)*     Ninth Supplemental Indenture of JCP&L, dated November 1, 1962 — Incorporated by reference to Exhibit 2-C, Registration No. 2-20732.
  4(a)(2)*     Tenth Supplemental Indenture of JCP&L, dated October 1, 1963 — Incorporated by reference to Exhibit 2-C, Registration No. 2-21645.
  4(a)(3)*     Eleventh Supplemental Indenture of JCP&L, dated October 1, 1964 — Incorporated by reference to Exhibit 5-A-3, Registration No. 2-59785.
  4(a)(4)*     Twelfth Supplemental Indenture of JCP&L, dated November 1, 1965 — Incorporated by reference to Exhibit 5-A-4, Registration No. 2-59785.
  4(a)(5)*     Thirteenth Supplemental Indenture of JCP&L, dated August 1, 1966 — Incorporated by reference to Exhibit 4-C, Registration No. 2-25124.
  4(a)(6)*     Fourteenth Supplemental Indenture of JCP&L, dated September 1, 1967 — Incorporated by reference to Exhibit 5-A-6, Registration No. 2-59785.
  4(a)(7)*     Fifteenth Supplemental Indenture of JCP&L, dated October 1, 1968 — Incorporated by reference to Exhibit 5-A-7, Registration No. 2-59785.
  4(a)(8)*     Sixteenth Supplemental Indenture of JCP&L, dated October 1, 1969 — Incorporated by reference to Exhibit 5-A-8, Registration No. 2-59785.
  4(a)(9)*     Seventeenth Supplemental Indenture of JCP&L, dated June 1, 1970 — Incorporated by reference to Exhibit 5-A-9, Registration No. 2-59785.
  4(a)(10)*     Eighteenth Supplemental Indenture of JCP&L, dated December 1, 1970 — Incorporated by reference to Exhibit 5-A-10, Registration No. 2-59785.
  4(a)(11)*     Nineteenth Supplemental Indenture of JCP&L, dated February 1, 1971 — Incorporated by reference to Exhibit 5-A-11, Registration No. 2-59785.
  4(a)(12)*     Twentieth Supplemental Indenture of JCP&L, dated November 1, 1971 — Incorporated by reference to Exhibit 5-A-12, Registration No. 2-59875.

II-2


 

         
Exhibit No. Description


  4(a)(13)*     Twenty-first Supplemental Indenture of JCP&L, dated August 1, 1972 — Incorporated by reference to Exhibit 5-A-13, Registration No. 2-59785.
  4(a)(14)*     Twenty-second Supplemental Indenture of JCP&L, dated August 1, 1973 — Incorporated by reference to Exhibit 5-A-14, Registration No. 2-59785.
  4(a)(15)*     Twenty-third Supplemental Indenture of JCP&L, dated October 1, 1973 — Incorporated by reference to Exhibit A-15, Registration No. 2-59785.
  4(a)(16)*     Twenty-fourth Supplemental Indenture of JCP&L, dated December 1, 1973 — Incorporated by reference to Exhibit 5-A-16, Registration No. 2-59785.
  4(a)(17)*     Twenty-fifth Supplemental Indenture of JCP&L, dated November 1, 1974 — Incorporated by reference to Exhibit 5-A-17, Registration No. 2-59785.
  4(a)(18)*     Twenty-sixth Supplemental Indenture of JCP&L, dated March 1, 1975 — Incorporated by reference to Exhibit 5-A-18, Registration No. 2-59785.
  4(a)(19)*     Twenty-seventh Supplemental Indenture of JCP&L, dated July 1, 1975 — Incorporated by reference to Exhibit 5-A-19, Registration No. 2-59785.
  4(a)(20)*     Twenty-eighth Supplemental Indenture of JCP&L, dated October 1, 1975 — Incorporated by reference to Exhibit 5-A-20, Registration No. 2-59785.
  4(a)(21)*     Twenty-ninth Supplemental Indenture of JCP&L, dated February 1, 1976 — Incorporated by reference to Exhibit 5-A-21, Registration No. 2-59785.
  4(a)(22)*     Supplemental Indenture No. 29A of JCP&L, dated May 31, 1976 — Incorporated by reference to Exhibit 5-A-22, Registration No. 2-59785.
  4(a)(23)*     Thirtieth Supplemental Indenture of JCP&L, dated June 1, 1976 — Incorporated by reference to Exhibit 5-A-23, Registration No. 2-59785.
  4(a)(24)*     Thirty-first Supplemental Indenture of JCP&L, dated May 1, 1977 — Incorporated by reference to Exhibit 5-A-24, Registration No. 2-59785.
  4(a)(25)*     Thirty-second Supplemental Indenture of JCP&L, dated January 20, 1978 — Incorporated by reference to Exhibit 5-A-25, Registration No. 2-60438.
  4(a)(26)*     Thirty-third Supplemental Indenture of JCP&L, dated January 1, 1979 — Incorporated by reference to Exhibit A-20(b), Certificate Pursuant to Rule 24, SEC File No. 70-6242.
  4(a)(27)*     Thirty-fourth Supplemental Indenture of JCP&L, dated June 1, 1979 — Incorporated by reference to Exhibit A-28, Certificate Pursuant to Rule 24, SEC File No. 70-6290.
  4(a)(28)*     Thirty-sixth Supplemental Indenture of JCP&L, dated October 1, 1979 — Incorporated by reference to Exhibit A-30, Certificate Pursuant to Rule 24, SEC File No. 70-6354.
  4(a)(29)*     Thirty-seventh Supplemental Indenture of JCP&L, dated September 1, 1984 — Incorporated by reference to Exhibit A-1(cc), Certificate Pursuant to Rule 24, SEC File No. 70-7001.
  4(a)(30)*     Thirty-eighth Supplemental Indenture of JCP&L, dated July 1, 1985 — Incorporated by reference to Exhibit A-1(dd), Certificate Pursuant to Rule 24, SEC File No. 70-7109.
  4(a)(31)*     Thirty-ninth Supplemental Indenture of JCP&L, dated April 1, 1988 — Incorporated by reference to Exhibit A-1(a), Certificate Pursuant to Rule 24, SEC File No. 70-7263.
  4(a)(32)*     Fortieth Supplemental Indenture of JCP&L, dated June 14, 1988 — Incorporated by reference to Exhibit A-1(ff), Certificate Pursuant to Rule 24, SEC File No. 70-7603.
  4(a)(33)*     Forty-first Supplemental Indenture of JCP&L, dated April 1, 1989 — Incorporated by reference to Exhibit A-1(gg), Certificate Pursuant to Rule 24, SEC File No. 70-7603.
  4(a)(34)*     Forty-second Supplemental Indenture of JCP&L, dated July 1, 1989 — Incorporated by reference to Exhibit A-1(hh), Certificate Pursuant to Rule 24, SEC File No. 70-7603.
  4(a)(35)*     Forty-third Supplemental Indenture of JCP&L, dated March 1, 1991 — Incorporated by reference to Exhibit 4-A-35, Registration No. 33-45314.
  4(a)(36)*     Forty-fourth Supplemental Indenture of JCP&L, dated March 1, 1992 — Incorporated by reference to Exhibit 4-A-36, Registration No. 33-49405.
  4(a)(37)*     Forty-fifth Supplemental Indenture of JCP&L, dated October 1, 1992 — Incorporated by reference to Exhibit 4-A-37, Registration No. 33-49405.
  4(a)(38)*     Forty-sixth Supplemental Indenture of JCP&L, dated April 1, 1993 — Incorporated by reference to Exhibit C-15, 1992 Annual Report of GPU on Form U5S, SEC File No. 30-126.

II-3


 

         
Exhibit No. Description


  4(a)(39)*     Forty-seventh Supplemental Indenture of JCP&L, dated April 10, 1993 — Incorporated by reference to Exhibit C-16, 1992 Annual Report of GPU on Form U5S, SEC File No. 30-126.
  4(a)(40)*     Forty-eighth Supplemental Indenture of JCP&L, dated April 15, 1993 — Incorporated by reference to Exhibit C-17, 1992 Annual Report of GPU on Form U5S, SEC File No. 30-126.
  4(a)(41)*     Forty-ninth Supplemental Indenture of JCP&L, dated October 1, 1993 — Incorporated by reference to Exhibit C-18, 1993 Annual Report of GPU on Form U5S, SEC File No. 30-126.
  4(a)(42)*     Fiftieth Supplemental Indenture of JCP&L, dated August 1, 1994 — Incorporated by reference to Exhibit C-19, 1994 Annual Report of GPU on Form U5S, SEC File No. 30-126.
  4(a)(43)*     Fifty-first Supplemental Indenture of JCP&L, dated August 15, 1996 — Incorporated by reference to Exhibit 4-A-43, 1996 Annual Report on Form 10-K, SEC File No. 1-6047.
  4(a)(44)*     Fifty-second Supplemental Indenture of JCP&L, dated July 1, 1999 — Incorporated by reference to Exhibit 4-B-44, Registration No. 333-88783.
  4(a)(45)*     Fifty-third Supplemental Indenture of JCP&L, dated November 1, 1999 — Incorporated by reference to Exhibit 4-A-45, 1999 Annual Report on Form 10-K, SEC File No. 1-3141.
  4(a)(46)*     Subordinated Debenture Indenture of JCP&L, dated May 1, 1995 — Incorporated by reference to Exhibit A-8(a), Certificate Pursuant to Rule 24, SEC File No. 70-8495.
  4(a)(47)*     Fifty-fourth Supplemental Indenture of JCP&L, dated November 7, 2001 — Incorporated by reference to Exhibit 4-A-47, 2001 Annual Report on Form 10-K, SEC File No. 1-3141.
  4(a)(48)**     Fifty-fifth Supplemental Indenture of JCP&L, dated as of April 1, 2004.
  4(b)**     Registration Rights Agreement, dated as of April 23, 2004, among Jersey Central Power & Light Company, Barclays Capital Inc. and UBS Securities LLC, as representatives of the Initial Purchasers (as defined therein).
  4(c)*     Senior Note Indenture dated as of July 1, 1999, between JCP&L and The Bank of New York, as successor trustee to United States Trust Company of New York. — Incorporated by reference to Exhibit 4-A, Registration No. 333-78717.
  4(d)**     Form of Exchange Note due 2016.
  5(a)     Opinion of Thelen Reid & Priest LLP.
  5(b)     Opinion of Akin Gump Strauss Hauer & Feld LLP.
  12**     Statement of computation of ratio of earnings to fixed charges of Jersey Central Power & Light Company.
  15**     Letter of PricewaterhouseCoopers LLP re: unaudited interim financial information.
  23(a)     Consent of Thelen Reid & Priest LLP (included in Exhibit 5(a)).
  23(b)     Consent of Akin Gump Strauss Hauer & Feld LLP (included in Exhibit 5(b)).
  23(c)**     Consent of PricewaterhouseCoopers LLP.
  24**     Power of Attorney (See Signature Page).
  25**     Form T-1 Statement of Eligibility of The Bank of New York to act as Trustee under the Senior Note Indenture.
  99(a)**     Form of Letter of Transmittal.
  99(b)**     Form of Notice of Guaranteed Delivery.
  99(c)**     Form of Letter to Registered Holders and/or DTC Participants.


*    Incorporated by reference herein as indicated.

** Previously filed.

  (b)  Financial Statement Schedules.

None.

II-4


 

 
Item 22. Undertakings

      The undersigned Registrant hereby undertakes:

        (1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

        (i) To include any prospectus required by section 10(a)(3) of the Securities Act;
 
        (ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement.
 
        (iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.

        (2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof; and
 
        (3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

      The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

      Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such officer, director or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

      The undersigned Registrant hereby undertakes to respond to requests for information that is incorporated by reference into the prospectus pursuant to Item 4, 10(b), 11 or 13 of this Form S-4, within one business day of receipt of such request, and to send the incorporated documents by first class mail or other equally prompt means. This includes information contained in documents filed subsequent to the effective date of the registration statement through the date of responding to the request.

II-5


 

SIGNATURES

      Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-4 and has duly caused this Amendment No. 1 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Akron, State of Ohio, on the 28th day of September, 2004.

  JERSEY CENTRAL POWER & LIGHT COMPANY

  By  /s/ HARVEY L. WAGNER
 
  Harvey L. Wagner
  Vice President and Controller

      Pursuant to the requirements of the Securities Act of 1933, this amended registration statement has been signed below by the following persons in the capacities and on the dates indicated.

             
Signature Title Date



 
*

Stephen E. Morgan
  President and Director
(Principal Executive Officer)
  September 28, 2004
 
*

Richard H. Marsh
  Senior Vice President, Chief
Financial Officer and Director
(Principal Financial Officer)
  September 28, 2004
 
*

Harvey L. Wagner
  Vice President and Controller
(Principal Accounting Officer)
  September 28, 2004
 
*

Leila L. Vespoli
  Senior Vice President,
General Counsel and Director
  September 28, 2004

*By  /s/ LUCAS F. TORRES  

 
Lucas F. Torres  
Attorney-in-fact  

II-6 EX-5.A 2 l09554bexv5wa.txt EX-5(A) OPINION OF THELEN REID & PRIEST LLP EXHIBIT 5(a) [Thelen, Reid & Priest LLP Letterhead] September 28, 2004 Jersey Central Power & Light Company c/o FirstEnergy Corp. 70 South Main Street Akron, Ohio 44308-1890 Re: Registration Statement on Form S-4 ------------------------------------------- Ladies and Gentlemen: Jersey Central Power & Light Company (the "Company") has filed with the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "1933 Act"), a Registration Statement on Form S-4 dated September 16, 2004, as amended by Amendment No. 1 thereto, dated the date hereof (the "Registration Statement"), of which this opinion is to be a part. The Registration Statement relates to the proposed offer (the "Exchange Offer") by the Company to exchange any and all of its outstanding 5.625% Senior Notes due 2016 (the "Original Notes") for an equal principal amount of the Company's 5.625% Exchange Senior Notes due 2016 (the "Exchange Notes") to be registered under the 1933 Act. The Original Notes were, and the Exchange Notes will be, issued under the indenture, dated as of July 1, 1999 (the "Indenture"), between the Company and The Bank of New York, as successor trustee. The Original Notes are, and the Exchange Notes will be, secured by first mortgage bonds until a release date described in the Prospectus which is part of the Registration Statement. We have been counsel to the Company for many years. In such capacity, we are familiar with the affairs of the Company and the transactions that are the subject matter of the Registration Statement. We have examined such corporate records of the Company and such other instruments, documents, certificates and agreements, including the Indenture, and made such further investigation as we have deemed necessary as a basis for this opinion. For the purposes of this opinion, we have assumed that (1) the proposed transactions are carried out on the basis set forth in the Registration Statement and in conformity with the requisite authorizations, approvals, consents or exemptions under the Jersey Central Power & Light Company September 28, 2004 Page 2 securities laws of the various States and other jurisdictions of the United States, (2) prior to the issuance and delivery of the Exchange Notes, all necessary corporate action required on the part of the Company shall have been duly taken and all necessary documents relating thereto shall have been executed and delivered, (3) the Commission shall have issued an order declaring the Registration Statement effective under the 1933 Act, and (4) the issuance and delivery of the Exchange Notes do not violate Section 12(f) of the Public Utility Holding Company Act of 1935, as amended, or Rule 70 thereunder. Based upon the foregoing, we are of the opinion that, subject to the foregoing assumptions and qualifications, the Exchange Notes have been duly authorized for issuance and, when duly executed by the Company, properly authenticated by the Trustee under the Indenture and delivered by the Company in exchange for an equal principal amount of Original Notes as contemplated by the Registration Statement, the Exchange Notes will be legally issued and will be binding obligations of the Company, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws affecting creditors' rights generally (including, without limitation, the Atomic Energy Act and applicable regulations of the Nuclear Regulatory Commission thereunder) and general equitable principles. Certain members of this firm are admitted to the Bar of the State of New Jersey. We express no opinion herein as to the laws of any jurisdiction other than the laws of the State of New Jersey. Our opinions are limited to the specific issues addressed and are limited in all respects to laws and facts existing on the date of this letter. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and as a part thereof. We also consent to the reference to our firm under "Legal Matters" in the Prospectus which is a part of the Registration Statement. Very truly yours, /s/ Thelen Reid & Priest LLP EX-5.B 3 l09554bexv5wb.txt EX-5(B) OPINION OF AKIN GUMP STRAUSS HAUER & FELD LLP EXHIBIT 5(b) [Akin Gump Strauss Hauer & Feld LLP letterhead] September 28, 2004 Jersey Central Power & Light Company 76 South Main Street Akron, Ohio 44308-1890 Re: Jersey Central Power & Light Company, Registration Statement on Form S-4 (Registration No. 333- 119040) Ladies and Gentlemen: We have acted as special counsel to Jersey Central Power & Light Company, a New Jersey corporation (the "COMPANY"), in connection with registration, pursuant to a registration statement on Form S-4, as amended (the "REGISTRATION STATEMENT"), filed with the Securities and Exchange Commission under the Securities Act of 1933 (the "ACT"), of the offering by the Company to exchange any and all of its outstanding 5.625% Senior Notes due 2016 (the "ORIGINAL NOTES") for an equal principal amount of the Company's 5.625% Exchange Senior Notes due 2016 (the "EXCHANGE NOTES"). The Original Notes were, and the Exchange Notes will be, issued under the indenture, dated as of July 1, 1999 (the "INDENTURE"), between the Company and The Bank of New York, as trustee (the "TRUSTEE"), and the exchange offer is being made in accordance with a Registration Rights Agreement, dated as of April 23, 2004 (the "REGISTRATION RIGHTS AGREEMENT"), by and among the Company and Barclays Capital Inc. and UBS Securities LLC, as representatives of the Initial Purchasers of the Original Notes. In our capacity as such counsel, we have reviewed and are familiar with the Registration Statement, including the prospectus comprising a part thereof (the "PROSPECTUS"), the Indenture and the Registration Rights Agreement. We have examined originals or certified copies of such corporate records of the Company and other certificates and documents of officials of the Company, public officials and others as we have deemed appropriate for purposes of this letter. We have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to authentic original documents of all copies submitted to us as conformed and certified or reproduced copies. We have also assumed that the Company is a corporation duly incorporated and validly existing in good standing under the laws of the State of New Jersey, that the Exchange Notes have been duly authorized for issuance and such authorization by the Company's Board of Directors will have not have been rescinded or modified prior to the issuance of the Exchange Notes, that the Indenture has been duly authorized, executed and delivered by the Trustee, that neither the issuance and delivery of the Exchange Notes nor the compliance by the Company with the terms thereof will violate any Jersey Central Power & Light Company September 28, 2004 Page 2 applicable law or will result in a violation of any provision of any instrument or agreement then binding upon the Company or any restriction imposed by any court or governmental body having jurisdiction over the Company, including the order of the New Jersey Board of Public Utilities authorizing the issuance of the Exchange Notes and the Original Notes, and that such order is in full force and effect and is sufficient for such issuance. Based upon the foregoing and subject to the assumptions, exceptions, qualifications and limitations set forth hereinafter, we are of the opinion that when (a) the Registration Statement has become effective under the Act, (b) the Exchange Notes have been duly executed by the Company and authenticated by the Trustee in accordance with the terms of the Indenture, and delivered against receipt of the Original Notes surrendered in exchange therefor in the manner described in the Registration Statement and Prospectus (or any supplement thereto filed pursuant to Rule 424 under the Act), and (c) applicable provisions of "blue sky" laws have been complied with, the Exchange Notes will be valid and binding obligations of the Company and will be entitled to the benefits of the Indenture. The opinions and other matters in this letter are qualified in their entirety and subject to the following: A. We express no opinion as to the laws of any jurisdiction other than the Included Laws. We have made no special investigation or review of any published constitutions, treaties, laws, rules or regulations or judicial or administrative decisions ("LAWS") other than a review of (i) the Laws of the State of New York, (ii) only with respect to the matters specified in paragraph C below, the laws of the State of Ohio and (iii) the Federal Laws of the United States of America. For purposes of this opinion, the term "INCLUDED LAWS" means the items described in clauses (i), (ii), and (iii) of the preceding sentence that are, in our experience, normally applicable to transactions of the type contemplated by the Indenture and Registration Rights Agreement. The term Included Laws specifically excludes Laws of any counties, cities, towns, municipalities and special political subdivisions and any agencies thereof and Laws relating to land use, zoning and building code issues. B. The matters expressed in this letter are subject to and qualified and limited by (i) applicable bankruptcy, insolvency, fraudulent transfer and conveyance, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally; (ii) general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity); (iii) commercial reasonableness and unconscionability and an implied covenant of good faith and fair dealing; (iv) the power of the courts to award damages in lieu of equitable remedies; and (v) securities Laws and public policy underlying such Laws with respect to rights to indemnification and contribution. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of our name in the Prospectus forming a part of the Registration Statement under the caption "Legal Matters". In giving this consent, we do not thereby admit that we are within Jersey Central Power & Light Company September 28, 2004 Page 3 the category of persons whose consent is required under Section 7 of the Act and the rules and regulations thereunder. We also consent to your filing copies of this opinion as an exhibit to the Registration Statement. Very truly yours, /s/ AKIN GUMP STRAUSS HAUER & FELD LLP -----END PRIVACY-ENHANCED MESSAGE-----