-----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, OcChWI8EKEi6besitAssTXSv7zqPW/hby8Gkx/AkqRHRsq+9VhVGFGs8BK4rEGGP aRb7sVoKYUNa1QiqkXmcNw== 0001047469-06-008729.txt : 20060622 0001047469-06-008729.hdr.sgml : 20060622 20060622101059 ACCESSION NUMBER: 0001047469-06-008729 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060622 DATE AS OF CHANGE: 20060622 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: 333-133117 FILM NUMBER: 06918643 BUSINESS ADDRESS: STREET 1: 76 S MAIN ST CITY: AKRON STATE: OH ZIP: 44308 BUSINESS PHONE: 2163845100 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 S MAIN ST CITY: AKRON STATE: OH ZIP: 44308 BUSINESS PHONE: 2163845100 FWP 1 a2171422zfwp.htm FWP
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Issuer Free Writing Prospectus
Relating to Preliminary Prospectus Supplement Filed Pursuant to Rule 424(b)(5)
Filed Pursuant to Rule 433
Registration Nos. 333-133117, 33-49413, 33-51139 and 333-05277

June 21, 2006

Ohio Edison Company

Pricing Term Sheet

Issuer:   Ohio Edison Company
Aggregate Principal Amount Offered:   $350,000,000 Senior Notes
Maturity Date:   July 15, 2036
Coupon:   6.875%
Price to Public:   99.628% of face amount and $348,698,000
Net Proceeds:   98.753% of face amount and $345,635,500
Yield to Maturity:   6.904%
Spread to Benchmark Treasury:   +165 basis points
Benchmark Treasury:   5.375% due February 15, 2031
Benchmark Treasury Yield:   5.254%
Interest Payment Dates:   January 15 and July 15, commencing January 15, 2007
Redemption Provisions:   Make-whole call at any time at the greater of 100% of the principal amount of the notes being redeemed or discounted present value at Treasury rate plus 25 basis points.
Settlement Date:   June 26, 2006
CUSIP:   677347 CE 4
Ratings:   Baa2 by Moody's Investors Service, Inc., BBB- by Standard & Poor's Ratings Services and BBB by Fitch Ratings, Inc.
Pro Forma Ratio of Earnings to Fixed Charges for the three month period ended March 31, 2006:   2.81

Pro Forma Ratio of Earnings to Fixed Charges for the year ended December 31, 2005:

 

3.73
     

[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 SEC for the offering to which this communication relates. Before you invest, you should read the prospectus 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 visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. toll free at 1-888-227-2275 Ext. 2663, Citigroup Global Markets Inc. toll-free at 1-877-858-5407, Credit Suisse Securities (USA) LLC toll-free at 1-800-221-1037 or Wachovia Capital Markets, LLC at 1-800-326-5897.




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Pricing Term Sheet
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