-----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, IXsKBWx1e+pgRQNujt/42/9iREWruGPdZ5tR2TtPa/8eBEMJN2eyAodDSZQaQED7 hu/FK5WTqBvfgO1OWSQ7sQ== 0000930413-08-006029.txt : 20081016 0000930413-08-006029.hdr.sgml : 20081016 20081016134030 ACCESSION NUMBER: 0000930413-08-006029 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20081016 DATE AS OF CHANGE: 20081016 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OHIO EDISON CO CENTRAL INDEX KEY: 0000073960 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 340437786 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-153608-06 FILM NUMBER: 081126888 BUSINESS ADDRESS: STREET 1: 76 SOUTH MAIN STREET STREET 2: C/O FIRSTENERGY CORP. CITY: AKRON STATE: OH ZIP: 44308-1890 BUSINESS PHONE: 330-761-7837 MAIL ADDRESS: STREET 1: 76 SOUTH MAIN STREET STREET 2: C/O FIRSTENERGY CORP. CITY: AKRON STATE: OH ZIP: 44308-1890 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OHIO EDISON CO CENTRAL INDEX KEY: 0000073960 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 340437786 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 76 SOUTH MAIN STREET STREET 2: C/O FIRSTENERGY CORP. CITY: AKRON STATE: OH ZIP: 44308-1890 BUSINESS PHONE: 330-761-7837 MAIL ADDRESS: STREET 1: 76 SOUTH MAIN STREET STREET 2: C/O FIRSTENERGY CORP. CITY: AKRON STATE: OH ZIP: 44308-1890 FWP 1 c55308_fwp.htm c55308_fwp.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Filed Pursuant to Rule 433
Registration No. 333-153608-06
October 15, 2008

Ohio Edison Company

Pricing Term Sheet

Issuer    Ohio Edison Company 
Ratings*    Baa1/BBB+ (Moody’s/S&P) 
Principal Amount    $275,000,000 
Security Type    First Mortgage Bonds 8.25% Series of 2008 Due 2038 
Trade Date    October 15, 2008 
Settlement Date    October 20, 2008; T+3 
Maturity Date    October 15, 2038 
Coupon Payment Dates    Semi-annual payments in arrears on April 15 and October 15 
    of each year, beginning on April 15, 2009 
Call Structure    Make-whole call at T+50 bps 
Benchmark    UST 4.375% due February 15, 2038 
Benchmark Price    102-15 
Benchmark Yield    4.227% 
Reoffer Spread    +427.3 bps 
Reoffer Yield    8.500% 
Coupon    8.25% 
Price    97.303% of principal amount 
Net Proceeds (%)    96.297% 
Net Proceeds ($)    $264,816,062 
Joint-Bookrunners    Barclays Capital Inc. (13.0%) 
    Credit Suisse Securities (USA) LLC (13.0%) 
    Greenwich Capital Markets, Inc. (26.0%) 
    J.P. Morgan Securities Inc. (13.0%) 
    Morgan Stanley & Co. Incorporated (13.0%) 
    Scotia Capital (USA) Inc. (13.0%) 
Co-Manager(s)    Mizuho Securities USA Inc. (4.5%) 
    SunTrust Robinson Humphrey, Inc. (4.5%) 
CUSIP    677347 CF1 
ISIN    US677347CF16 

* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for this offering. Before you invest, you should read the prospectus for this offering in that registration statement, and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by searching the SEC online database (EDGAR) at www.sec.gov. Alternatively, you may obtain a copy of the prospectus from Barclays Capital Inc. by calling toll-free at 1-888-227-2275 x 2663, Credit Suisse Securities (USA) LLC by calling toll-free at 1-800-221-1037, Greenwich Capital Markets, Inc. by calling toll-free at 1-866-884-2071, J.P. Morgan Securities Inc. by calling 1-212-834-4533, Morgan Stanley & Co. Incorporated by calling toll-free at 1-866-718-1649, or Scotia Capital (USA) Inc. by calling toll-free at 1-800-372-3930.

 

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