SEC FILE NO. 70-10079
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CERTIFICATE PURSUANT TO
RULE 24
OF PARTIAL COMPLETION OF
TRANSACTIONS
FIRSTENERGY CORP.
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:
In the matter of :
FirstEnergy Corp. : Certificate Pursuant
: to Rule 24 of Partial
: Completion of
: Transactions
:
SEC File No. 70-10079 :
(Public Utility Holding Company Act:
of 1935) :
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TO THE MEMBERS OF THE SECURITIES AND EXCHANGE COMMISSION:
The undersigned, FirstEnergy Corp. (FirstEnergy) hereby certifies
pursuant to Rule 24 of the General Rules and Regulations under the Public
Utility Holding Company Act of 1935 (the Act), that certain of the transactions
proposed in the Application filed in SEC File No. 70-10079 have been carried out
in accordance with the Commission's Order dated December 19, 2002, as follows:
FirstEnergy request authority to invest, through December 31, 2005, up
to $100 million in: (1) new or existing Low Income Housing Tax Credits (LIHTC
Projects) located anywhere in the United states; and (2) historic building or
other qualified rehabilitated building projects (Section 47 Projects) located
within their service territories (collectively, "Tax Credit Projects").
1. A copy of the unaudited financial statements of Ohio Edison Company
(OE) (including a Consolidated Balance Sheet and Statement of Income)
as of and for the twelve months ended December 31, 2003 is attached as
Exhibit A.
2. During the period July 1, 2003 through December 31, 2003, there were
no revenues and any form of compensation received from any and all Tax
Credit Projects directly or indirectly owned.
3. No investment was made to new Tax Credit Projects during the period
July 1, 2003 through December 31, 2003.
4. Amount authorized to invest in the Tax Credit $100,000,000
Projects as of July 1, 2003
Investment during the period July 1, 2003
through December 31, 2003 -0-
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Amount available to invest in the Tax Credit
Projects as of December 31, 2003 $100,000,000
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5. The following is a list of LIHTC project investments currently held by
FirstEnergy and its subsidiaries as of December 31, 2003:
Apollo Tax Credit Fund - III, L. P. $ 4,500,000
Apollo Tax Credit Fund - IX, L. P. 29,873,702
Boston Capital Corporate Tax Credit Fund IV, L. P. 2,063,483
Boston Capital Corporate Tax Credit Fund X, L. P. 5,341,538
Boston Capital Corporate Tax Credit Fund XIV, L. P. 11,574,200
Boston Capital Corporate Tax Credit Fund XVII, L. P. 6,782,570
Boston Financial Institutional Tax Credit Fund III, L. P. 4,650,000
Boston Financial Institutional Tax Credit Fund V, L. P. 2,500,000
Boston Financial Institutional Tax Credit Fund XVI, L. P. 4,863,500
Marion Senior Housing Limited Partnership 2,176,588
McDonald Corporate Tax Credit Fund LP 2,500,000
McDonald Corporate Tax Credit Fund - 1995 LP 5,000,000
McDonald Corporate Tax Credit Fund - 1996 LP 10,000,000
McDonald Ohio Tax Credit Fund - 1998 LP 5,000,000
Ohio Equity Fund for Housing LP II 998,535
USA Institutional Tax Credit Fund VII LP 3,850,000
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Total $101,674,116
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SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY HOLDING COMPANY ACT
OF 1935, THE UNDERSIGNED COMPANY HAS DULY CAUSED THIS CERTIFICATE TO BE SIGNED
ON ITS BEHALF BY THE UNDERSIGNED THEREUNTO DULY AUTHORIZED.
FIRSTENERGY CORP.
Date: March 15, 2004
By: /s/ Harvey L. Wagner
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Harvey L. Wagner
Vice President, Controller
and Chief Accounting Officer
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