GPU COMPANIES EMPLOYEE SAVINGS PLAN
                          FOR EMPLOYEES REPRESENTED BY
                                 IBEW LOCAL 777

                    REPORT ON AUDITS OF FINANCIAL STATEMENTS
                               for the years ended
                           December 31, 2002 and 2001







                       GPU COMPANIES EMPLOYEE SAVINGS PLAN
                   FOR EMPLOYEES REPRESENTED BY IBEW LOCAL 777

                                      INDEX
                                     -------


                                                                   Pages
                                                                   -----

Independent Auditors' Report                                          1


Financial Statements:
  Statements of Net Assets Available for Plan
    Benefits as of December 31, 2002 and 2001                         2

  Statements of Changes in Net Assets Available
    for Plan Benefits for the years ended
    December 31, 2002 and 2001                                        3

  Notes to Financial Statements                                    4-12
















                          INDEPENDENT AUDITORS' REPORT


To the Savings Plan Committee of the
GPU Companies Employee Savings Plan
For Employees Represented by IBEW Local 777:

We have audited the accompanying statements of net assets available for plan
benefits of GPU Companies Employee Savings Plan for Employees Represented by
IBEW Local 777 (the "Plan") as of December 31, 2002 and 2001, and the related
statements of changes in net assets available for plan benefits for the years
then ended. These financial statements are the responsibility of the Plan's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit also includes assessing
the accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation. We believe our
audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the Plan as
of December 31, 2002 and 2001, and the changes in net assets available for plan
benefits for the years then ended in conformity with accounting principles
generally accepted in the United States of America.







                             Milligan & Company, LLC




April 25, 2003







                       GPU COMPANIES EMPLOYEE SAVINGS PLAN
                   FOR EMPLOYEES REPRESENTED BY IBEW LOCAL 777

                            STATEMENTS OF NET ASSETS
                           AVAILABLE FOR PLAN BENEFITS

                           December 31, 2002 and 2001
                                     -------



                                             2002                     2001
                                             ----                     ----

Investment in GPU Companies
        Master Savings Plan Trust
        at fair value                    $48,518,384              $55,159,873

Participant loans receivable                 663,943                  725,649
                                         -----------              -----------

Net assets available for plan
        benefits                         $49,182,327              $55,885,522
                                         ===========              ===========
























                     The accompanying notes are an integral
                        part of the financial statements.

                                        2





                       GPU COMPANIES EMPLOYEE SAVINGS PLAN
                   FOR EMPLOYEES REPRESENTED BY IBEW LOCAL 777


                       STATEMENTS OF CHANGES IN NET ASSETS
                           AVAILABLE FOR PLAN BENEFITS

                 for the years ended December 31, 2002 and 2001
                                     -------



                                                      2002              2001
                                                      ----              ----

Net Asset Balances, beginning of year              $55,885,522     $ 65,910,928
                                                   -----------     ------------

Additions to net assets attributed to:
    Contributions:
        Participants'                                2,391,345        2,490,071
        Employer's                                     805,136          756,133
        Rollovers                                        3,361               --

    Interest on loans                                   53,839           59,362

    Investment income                                  827,269          958,537
                                                   -----------     ------------


                  Total additions                    4,080,950        4,264,103
                                                   -----------     ------------

Deductions from net assets attributed to:
    Net depreciation in fair
       value of investments                          5,996,943        5,970,638

    Distributions and
        withdrawals                                  4,786,455        8,191,403

    Transfers to affiliated
        savings plans                                      747          127,468



                  Total deductions                  10,784,145       14,289,509
                                                   -----------     ------------

        Net decrease                                (6,703,195)     (10,025,406)
                                                   -----------     ------------

Net Asset Balances, end of year                    $49,182,327     $ 55,885,522
                                                   ===========     ============




                     The accompanying notes are an integral
                        part of the financial statements.

                                        3




                       GPU COMPANIES EMPLOYEE SAVINGS PLAN
                   FOR EMPLOYEES REPRESENTED BY IBEW LOCAL 777
                          NOTES TO FINANCIAL STATEMENTS
                                     -------

1.   General Description of the Plan:
     -------------------------------

     The following description of the GPU Companies Employee Savings Plan
     for Employees Represented by IBEW Local 777 (Plan) provides only
     general information on the provisions of the Plan in effect as of
     December 31, 2002. Participants should refer to the Benefits Handbook,
     Plan document, and prospectus for a more complete description of the
     Plan's provisions.

        General:
        -------

     The Plan is a defined contribution plan. In general, all GPU employees
     represented by IBEW Local 777 (Company) are eligible to participate in
     the Plan if he/she is employed on a full-time basis or if the employee
     has completed at least 1,000 hours of service in a consecutive
     twelve-month period.

     The Plan is intended to qualify as a cash or deferred profit-sharing
     plan under Sections 401(a) and 401(k) of the Internal Revenue Code. It
     is subject to the provisions of the Employee Retirement Income Security
     Act of 1974 (ERISA). A participant is eligible to transfer his/her
     account to an affiliated savings plan upon a change in employment
     status.

     The Plan contains additional employer contribution and employee savings
     features. Participants may "rollover" distributions received from other
     qualified plans to the Savings Plan.

        Contributions:
        -------------

     The Plan provides two contribution options to a participant. Subject to
     certain limitations set forth in the Plan, the participant may elect
     (1) to have his/her base compensation reduced by an amount equal to any
     whole percentage (before-tax 401(k) contributions), which is
     contributed on behalf of the employee by the Company; and/or (2) to
     contribute by payroll deduction any whole percentage of base
     compensation (after-tax).

        Matching Program:
        ----------------

     The Company provides a matching contribution to the Plan on behalf of
     each participant, except certain temporary employees as defined in the
     Plan document. Effective May 1, 2002 the Company matched 80%, up from
     75% prior to May 1, 2002, of a participant's aggregate contributions up
     to 4% of the participant's base compensation.



                                    Continued
                                        4







                       GPU COMPANIES EMPLOYEE SAVINGS PLAN
                   FOR EMPLOYEES REPRESENTED BY IBEW LOCAL 777
                    NOTES TO FINANCIAL STATEMENTS, Continued
                                     -------

1.   General Description of the Plan, continued:
     -------------------------------

        Administration of Plan Assets:
        -----------------------------

     The Plan's assets, which consist principally of stocks and bonds are
     held by the Trustee of the Plan. Employer and participant contributions
     are held and managed by the Trustee, which invests cash received,
     reinvests interest and dividend income and makes distributions to
     participants.

        Administrative Expenses:
        ------------------------

     The Company absorbs a small portion of administrative expenses. The
     majority of the administrative expenses, primarily Investment and
     Trustee Fees, are paid out of plan assets held in the GPU Companies
     Master Trust (Trust). Investment gains in the Trust are shown net of
     these Investment and Trustee Fees.

        Investment Funds:
        -----------------

     The Plan provides investment options that are participant-directed,
     which allows participants to choose among various investment
     alternatives. Participants may change their investment option at any
     time, subject to certain limitations.

     Participants may elect to have their Plan accounts invested in one or
     more of the following investment options:

     o  Fidelity  Puritan  Fund:  This fund seeks to obtain a balance  between
        -----------------------
        capital appreciation, preservation of capital, and generation of income.

     o  Fidelity Independence Fund*: This fund seeks to provide the opportunity
        ---------------------------
        for significant capital appreciation.

     o  Fidelity OTC Portfolio Fund: This fund seeks long-term capital
        ---------------------------
        appreciation by investing in securities that are traded in the
        over-the-counter (OTC) securities market.

     o  Fidelity Overseas Fund: The fund seeks long-term capital appreciation,
        ----------------------
        primarily through investments in foreign securities.

     o  Interest Income Fund: The return objective of this fund is to
        --------------------
        provide a higher rate of return over time than the rate of return
        offered by money market funds. The Interest Income Fund invests in
        a diversified portfolio of investment contracts issued by only
        high-quality financial institutions as well as security-backed
        investment contracts supported by high quality fixed income
        securities.

     *  Name changed from Fidelity Retirement Growth Fund effective January 27,
        2001.



                                    Continued
                                        5





                       GPU COMPANIES EMPLOYEE SAVINGS PLAN
                   FOR EMPLOYEES REPRESENTED BY IBEW LOCAL 777
                    NOTES TO FINANCIAL STATEMENTS, Continued
                                     -------

1.   General Description of the Plan, continued:
     -------------------------------

        Investment Funds, continued:
        ----------------

     o  Diversified Bond Fund: This fund seeks to match or exceed the
        ---------------------
        returns of the Lehman Brothers Aggregate Index. The fund invests
        primarily in government, corporate, mortgage-backed and
        asset-backed securities. The fund invests in only high quality
        bonds, that is, those rated at least BBB by Standard & Poor's or
        Baa3 by Moody's Investors Service.

     o  Conservative Growth Portfolio: The investment objective of the
        -----------------------------
        Portfolio is to provide income from fixed income securities and
        growth of principal from stock funds. The Conservative Growth
        Portfolio has an asset allocation target of 35% equities and 65%
        fixed income securities.

     o  Moderate Growth Portfolio: The investment objective of this
        -------------------------
        portfolio is to provide growth from stock funds and income from
        fixed income securities. The Moderate Growth Portfolio has an
        asset allocation target of 60% equities and 40% fixed income
        securities.

     o  Aggressive Growth Portfolio: The investment objective of this
        ---------------------------
        Portfolio is to provide growth primarily from stock funds with a
        small income component. The Aggressive Growth Portfolio has an
        asset allocation target of 80% equities and 20% fixed income
        securities.

     o  S&P 500 Index Fund: This fund seeks to match the performance of
        ------------------
        the Standard & Poor's 500 Index. The fund invests in all 500
        stocks in the S&P 500 Index in proportion to their weighting in
        the Index. The fund may also hold 2-5% of its value in futures
        contracts (an agreement to buy or sell a specific security by a
        specific date at an agreed upon price).

     o  International Equity Fund: This is an actively managed fund that
        -------------------------
        seeks to exceed the performance of the Morgan Stanley Capital
        International Europe, Australia, and Far East (MSCI EAFE) Index
        (unhedged) by investing in common stocks of companies
        headquartered outside the United States.

     o  Small Cap Equity Fund: This is an actively managed fund that seeks
        ---------------------
        to consistently exceed the total return performance of the Russell
        2500 Stock Index while maintaining a similar level of risk. The
        fund primarily invests in a portfolio of common stock of small to
        medium-sized domestic companies.


                                    Continued
                                        6




                       GPU COMPANIES EMPLOYEE SAVINGS PLAN
                   FOR EMPLOYEES REPRESENTED BY IBEW LOCAL 777
                    NOTES TO FINANCIAL STATEMENTS, Continued
                                     -------

1.   General Description of the Plan, continued:
     -------------------------------

        Investment Funds, continued:
        ----------------

     o  FirstEnergy Stock Fund**: This fund's goal is to provide long-term
        ------------------------
        growth through capital appreciation and dividend income. The
        FirstEnergy Stock Fund invests almost exclusively in FirstEnergy
        Corporation common stock. A small portion of assets is invested in
        money market securities to meet the fund's cash flow requirements.
        Dividends paid on the FirstEnergy stock held in this fund are used
        to purchase additional common shares.

     o  Mutual Fund Window: The Mutual Fund Window (MFW) offers
        ------------------
        approximately 3500 mutual funds from more than 200 mutual fund
        families and approximately 600 no-transaction fee funds currently
        offered through State Street Brokerage Services, Inc.

        Employee Participation in the Plan:
        ----------------------------------

     The number of participating employees with account balances invested in
     each investment option at December 31, 2002 and 2001 was as follows:

                 FUND #/ FUND NAME           NUMBER OF PARTICIPANTS
                 -----------------           ----------------------

                                                      2002       2001
                                                     -----       ----

                10 Interest Income                    328         321
                20 Diversified Bond                   158         110
                30 Conservative Growth                 49          39
                35 S&P 500 Index                      350         378
                40 Moderate Growth                    278         293
                45 Fidelity Puritan                    96          94
                50 Aggressive Growth                  100         104
                55 Fidelity Independence*             147         159
                60 Small Capital Equity               120         111
                65 Fidelity OTC                       116         132
                70 International Equity                65          68
                75 Fidelity Overseas                   51          49
                80 FirstEnergy Stock**                130         123
                85 Mutual Fund Window                  21          19


     The total number of participants in the Plan at December 31, 2002 and
     2001 was 717 and 745, respectively. This is less than the sum of the
     number of participants shown in the schedule above because many
     participants are investing in more than one option.


     *  Name changed from Fidelity Retirement Growth Fund effective January 27,
        2001.
     ** GPU Stock Fund was converted to the FirstEnergy stock fund
        effective November 7, 2001.

                                    Continued
                                        7




                       GPU COMPANIES EMPLOYEE SAVINGS PLAN
                   FOR EMPLOYEES REPRESENTED BY IBEW LOCAL 777
                    NOTES TO FINANCIAL STATEMENTS, Continued
                                     -------

1.   General Description of the Plan, continued:
     -------------------------------

        Participant Accounts:
        --------------------

     Each participant's account is credited with the participant's own
     contributions and with the Company's matching contributions. Each account
     maintained for a participant reflects the number of unitized shares and
     their value for each mutual fund and for the FirstEnergy Stock Fund. Any
     portion of a participant's account balance invested in the Mutual Fund
     Window reflects the number of shares and their value for each mutual
     fund. All income, gain or loss attributable to the investment of the
     balance of any account maintained for a participant is recorded to that
     account.

        Vesting:
        -------

     Participants are 100% vested at all times in their Plan accounts.

        Distributions and Withdrawals:
        -----------------------------

     A participant's Plan account balances become distributable upon
     termination of the participant's employment. Distributions of account
     balances in excess of $5,000 may be deferred, at the participant's
     election, up to age 70 1/2. If distribution of a participant's account
     balance has not otherwise started, it must begin by April 1st following
     the year in which the participant attained the age 70 1/2. Distributions
     generally are in the form of a single lump sum payment. The Plan permits
     withdrawals of account balances in the event of financial hardship or
     disability as defined in the Plan. A complete description of the Plan's
     terms and conditions for distributions and withdrawals can be found in
     the Plan document.

        Loans to Participants:
        ---------------------

     The Plan provides that loans may be made to a participant from the
     participant's account balance subject to certain conditions. The minimum
     amount of each loan is $1,000 with the maximum being $50,000, or certain
     lesser amounts as described in the Plan. Interest on the loan is credited
     to the participant's account. The loans are secured by the balance in the
     participant's account. Principal and interest are paid ratably through
     monthly payroll deductions. The rate is determined periodically by the
     Administrative Committee based on current commercial rates. The interest
     rates for loans in excess of four years and ten months were 6.85% for the
     period January 1 through June 30, 2002 and 5.79% for the period July 1
     through December 31, 2002. The interest rates for loans four years and
     ten months or less were 6.38% for the period January 1 through June 30,
     2002 and 5.75% for the period July 1 through December 31, 2002.


                                    Continued
                                        8




                       GPU COMPANIES EMPLOYEE SAVINGS PLAN
                   FOR EMPLOYEES REPRESENTED BY IBEW LOCAL 777
                    NOTES TO FINANCIAL STATEMENTS, Continued
                                     -------

1.   General Description of the Plan, continued:
     -------------------------------

        Plan Termination:
        -----------------

     The Company reserves the right at any time to modify, suspend, amend or
     terminate the Plan. However, the Company cannot do so in such a manner
     that would cause or permit any part of the Plan's assets to be used for
     or diverted to purposes other than for the exclusive benefit of
     participants or their beneficiaries.

2.   Summary of Significant Accounting Policies:
     ------------------------------------------

        Basis of Accounting:
        -------------------

     The financial statements of the plan are prepared under the accrual
     method of accounting.

        Valuation of Investments:
        ------------------------

     The amounts shown herein as the investment in the GPU Companies Master
     Savings Plan Trust reflect the fair value of the assets held in such
     Trust and the Plan's relative interest in the Trusts. The Plan's
     participation is measured at its value at the beginning of the valuation
     period plus net external cash flow (contributions, distributions, etc.)
     experienced by the Plan during the valuation period. Investment income,
     net realized gain (loss) on investments and net unrealized appreciation
     (depreciation) of investments are allocated to each participating plan
     based upon its accumulated monthly balance for each investment option
     (see Note 3).

     Investment income from the GPU Companies Master Savings Plan Trust for
     the years ended December 31, 2002 and 2001, consists of interest and
     dividend income. The net appreciation (depreciation) in the fair value of
     investments consists of realized gains or losses and the unrealized
     appreciation (depreciation) on those investments in the GPU Companies
     Master Savings Plan Trust.

     The fair market value of assets held by the Trust are determined as
     follows: Stocks and bonds are valued at their closing quoted market
     prices on the last business day of the year. Short-term group trust funds
     and insurance contracts are valued at cost plus accrued interest which
     approximates market.

        Use of Estimates:
        ----------------

     The preparation of financial statements in conformity with accounting
     principles generally accepted in the United States of America requires
     the plan administrator to make estimates and assumptions that affect
     certain reported amounts and disclosures. Accordingly, actual results may
     differ from those estimates.

                                    Continued
                                        9





                       GPU COMPANIES EMPLOYEE SAVINGS PLAN
                   FOR EMPLOYEES REPRESENTED BY IBEW LOCAL 777
                    NOTES TO FINANCIAL STATEMENTS, Continued
                                     -------

3.   Investments:
     -----------

     The investments reflected in the December 31, 2002 and 2001 Statements
     of Net Assets Available for Plan Benefits represent the Plan's 7.61% and
     7.44% share, respectively, of total investments held in the GPU
     Companies Master Savings Plan Trust at December 31, 2002 and 2001.

     At December 31, 2002 and 2001, the total fair value of investments held
     in the GPU Companies Master Savings Plan Trust are summarized as
     follows:

                                                      2002               2001
                                                      ----               ----
             Aggressive Growth Portfolio          $ 15,075,559     $ 19,770,358
             Fidelity Independence Fund**           54,529,824*      75,069,658*
             Small Cap. Equity Fund                 18,868,634       24,511,906
             Fidelity OTC Portfolio Fund            22,411,142       34,321,061
             International Equity Fund               5,502,632        7,003,697
             Fidelity Overseas Fund                  5,041,915        6,803,090
             FirstEnergy Stock Fund***              15,930,595       17,901,466
             Mutual Fund Window                     13,681,051       17,897,551
             Interest Income Fund                  197,678,658*     181,148,895*
             Diversified Bond Fund                  45,932,468*      32,978,648
             Conservative Growth Portfolio           9,891,068        8,487,277
             S&P 500 Index Fund                    110,297,502*     160,161,418*
             Moderate Growth Portfolio              91,323,742*     117,554,205*
             Fidelity Puritan Fund                  31,773,503       37,555,463*
                                                  ------------     ------------

             Total investments at fair value      $637,938,293     $741,164,693
                                                  ============     ============

             Total investments at cost            $696,561,399     $749,027,738
                                                  ============     ============


     *  These investments represent 5% or more of the net assets available for
        benefits.
     ** Name changed from Fidelity Retirement Growth Fund effective
        January 27, 2001.
     ***GPU Stock Fund was converted to the FirstEnergy Stock Fund effective
        Novmeber 7, 2001.








                                    Continued
                                       10





                       GPU COMPANIES EMPLOYEE SAVINGS PLAN
                   FOR EMPLOYEES REPRESENTED BY IBEW LOCAL 777
                    NOTES TO FINANCIAL STATEMENTS, Continued
                                     -------

3.   Investments, continued:
     -----------

     Based on participant investment options at December 31, 2002 and 2001
     the Plan's investments were allocated as follows:

                                        2002             2001
                                      % BY FUND        % BY FUND
                                      ---------        ---------

         Interest Income               28.12%           23.34%
         Diversified Bond               7.58%            4.24%
         Conservative Growth            2.19%            1.24%
         S&P 500 Index                 18.99%           23.73%
         Moderate Growth               15.78%           16.81%
         Fidelity Puritan               5.90%            5.62%
         Aggressive Growth              1.99%            2.34%
         Fidelity Independence*         7.44%            9.32%
         Small Capital Equity           3.42%            3.51%
         Fidelity OTC                   2.56%            3.32%
         International Equity           1.01%            1.37%
         Fidelity Overseas              0.80%            0.83%
         FirstEnergy Stock**            3.58%            3.61%
         Mutual Fund Window             0.64%            0.72%


        The net investment losses in the GPU Master Savings Plan Trust for the
        years ended December 31, 2002 and 2001 were as follows:

                                            2002                  2001
                                            ----                  ----
         Dividends                     $  1,318,162          $  3,031,891
         Interest income                 10,719,496            11,395,260
         Net depreciation in fair
            value of investments        (78,302,402)          (86,727,994)
                                       ------------          ------------

         Net investment losses         $(66,264,744)         $(72,300,843)
                                       ============          ============

        *  Name changed from Fidelity Retirement Growth Fund effective January
           27, 2001.
        ** GPU Stock Fund was converted to the FirstEnergy Stock Fund effective
           November 7, 2001.


                                    Continued
                                       11







                       GPU COMPANIES EMPLOYEE SAVINGS PLAN
                   FOR EMPLOYEES REPRESENTED BY IBEW LOCAL 777
                    NOTES TO FINANCIAL STATEMENTS, Concluded
                                     -------


4.   Party-In-Interest Transactions:
     ------------------------------

     Certain Plan investments are shares of mutual funds managed by State
     Street Bank. State Street Bank is the trustee as defined by the Plan.
     Therefore, these transactions qualify as party-in-interest
     transactions.

5.   Tax Status:
     ----------

     The Plan obtained its latest determination letter on February 4, 1998,
     in which the Internal Revenue Service stated that the Plan, as then
     designed, was in compliance with the applicable requirements of the
     Internal Revenue Code. The Plan has been amended since receiving the
     determination letter. However, the plan administrator and the plan's
     tax counsel believes that the Plan is currently designed and being
     operated in compliance with applicable requirements of the Internal
     Revenue Code. Therefore, no provision for income taxes has been
     reflected in the Plan's financial statements.

6.   Plan Amendments:
     ---------------

     Effective May 1, 2002, the Plan was amended and restated in order to
     incorporate an increased matching contribution. The Company agreed to
     increase the match from 75% to 80% of an employee's contributions up
     to 4% of base compensation.

     The Plan was further amended, effective October 1, 2001 to incorporate
     FirstEnergy Merger Provisions. At the effective date of the merger
     between GPU Company and FirstEnergy Corporation, all shares of GPU
     Stock held in the GPU Stock Fund were automatically converted into the
     right to receive the merger consideration with respect to such shares.
     The merger consideration, which included both stock and cash with
     respect to the GPU Stock held in the GPU Stock Fund was reinvested in
     shares of FirstEnergy Corporation Stock. The effective date of the
     merger was November 7, 2001.














                                       12