UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported) April 4, 2005
|
Commission |
Registrant;
State of Incorporation; |
I.R.S.
Employer |
|
File
Number |
Address;
and Telephone Number |
Identification
No. |
| |
|
|
|
333-21011 |
FIRSTENERGY
CORP. |
34-1843785 |
| |
(An
Ohio Corporation) |
|
| |
76
South Main Street |
|
| |
Akron,
OH 44308 |
|
| |
Telephone
(800)736-3402 |
|
| |
|
|
|
1-2578 |
OHIO
EDISON COMPANY |
34-0437786 |
| |
(An
Ohio Corporation) |
|
| |
c/o
FirstEnergy Corp. |
|
| |
76
South Main Street |
|
| |
Akron,
OH 44308 |
|
| |
Telephone
(800)736-3402 |
|
| |
|
|
|
1-2323 |
THE
CLEVELAND ELECTRIC ILLUMINATING COMPANY |
34-0150020 |
| |
(An
Ohio Corporation) |
|
| |
c/o
FirstEnergy Corp. |
|
| |
76
South Main Street |
|
| |
Akron,
OH 44308 |
|
| |
Telephone
(800)736-3402 |
|
| |
|
|
|
1-3583 |
THE
TOLEDO EDISON COMPANY |
34-4375005 |
| |
(An
Ohio Corporation) |
|
| |
c/o
FirstEnergy Corp. |
|
| |
76
South Main Street |
|
| |
Akron,
OH 44308 |
|
| |
Telephone
(800)736-3402 |
|
| |
|
|
|
1-3491 |
PENNSYLVANIA
POWER COMPANY |
25-0718810 |
| |
(A
Pennsylvania Corporation) |
|
| |
c/o
FirstEnergy Corp. |
|
| |
76
South Main Street |
|
| |
Akron,
OH 44308 |
|
| |
Telephone
(800)736-3402 |
|
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item 8.01
Other Events
On April 4, 2005,
the Nuclear Regulatory Commission (NRC) held a public forum to discuss
FirstEnergy Nuclear Operating Company's (FENOC) performance at the Perry Nuclear
Power Plant as identified in the NRC's annual assessment letter to FENOC.
Similar public meetings are held with all nuclear power plant licensees
following issuance by the NRC of their annual assessments. Ohio Edison Company,
The Cleveland Electric Illuminating Company, The Toledo Edison Company and
Pennsylvania Power Company own and/or lease the Plant.
According to the
NRC, overall the Perry Plant operated "in a manner that preserved public health
and safety" and met all cornerstone objectives although it remained under the
previously-disclosed heightened NRC oversight since August 2004. During the
public forum and in the annual assessment, the NRC indicated that additional
inspections will continue and that the plant must improve performance to be
removed from the Multiple/Repetitive Degraded Cornerstone Column of the Action
Matrix. As previously disclosed, if performance does not improve, the NRC has a
range of options under the Reactor Oversight Process from increased oversight to
possible impact to the plant’s operating authority. The outcome of this matter
cannot be predicted at this time.
The NRC's March 29,
2005 press release, which links to a letter to FENOC regarding the annual
assessment, is attached as Exhibit 99.1 hereto and incorporated by reference.
Also, on March 30,
2005, the NRC issued a press release on its final determination that an
emergency plan violation at the Perry Nuclear Plant on July 20, 2004 was of low
to moderate safety significance. The NRC's press release of March 30, 2005
regarding this matter also is attached, as Exhibit 99.2 hereto, and incorporated
by reference.
Item 9.01
Financial Statements and Exhibits
(c)
Exhibits.
|
Exhibit
No. |
Description |
|
99.1 |
NRC press
release, dated March 29, 2005 |
| |
|
|
99.2 |
NRC press
release, dated March 30, 2005 |
Forward-Looking
Statement: This Form 8-K
includes forward-looking statements based on information currently available to
management. Such statements are subject to certain risks and uncertainties.
These statements typically contain, but are not limited to, the terms
"anticipate," "potential," "expect," "believe," "estimate" and similar words.
Actual results may differ materially due to the speed and nature of increased
competition and deregulation in the electric utility industry, economic or
weather conditions affecting future sales and margins, changes in markets for
energy services, changing energy and commodity market prices, replacement power
costs being higher than anticipated or inadequately hedged, maintenance costs
being higher than anticipated, legislative and regulatory changes (including
revised environmental requirements), the receipt of approval from and entry of a
final order by the U.S. District Court, Southern District of Ohio on the pending
settlement agreement resolving the New Source Review litigation and the
uncertainty of the timing and amounts of the capital expenditures (including
that such amounts could be higher than anticipated) related to this settlement,
adverse regulatory or legal decisions and outcomes (including revocation of
necessary licenses or operating permits, fines or other enforcement actions and
remedies) of governmental investigations and oversight, including by the
Securities and Exchange Commission, the United States Attorney's Office and the
Nuclear Regulatory Commission as disclosed in the registrants’ Securities and
Exchange Commission filings, generally, and with respect to the Davis-Besse
Nuclear Power Station outage in particular, the availability and cost of
capital, the continuing availability and operation of generating units, the
inability to accomplish or realize anticipated benefits from strategic goals,
the ability to improve electric commodity margins and to experience growth in
the distribution business, the ability to access the public securities and other
capital markets, further investigation into the causes of the August 14,
2003, regional power outage and the outcome, cost and other effects of present
and potential legal and administrative proceedings and claims related to the
outage, the final outcome in the proceeding related to FirstEnergy's Application
for a Rate Stabilization Plan in Ohio, the risks and other factors discussed
from time to time in the registrants’ Securities and Exchange Commission
filings, and other similar factors. The registrants expressly disclaim any
current intention to update any forward-looking statements contained herein as a
result of new information, future events, or otherwise.
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, each Registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
April 6,
2005
| |
FIRSTENERGY
CORP. |
| |
Registrant |
| |
|
| |
OHIO
EDISON COMPANY |
| |
Registrant |
| |
|
| |
THE
CLEVELAND ELECTRIC |
| |
ILLUMINATING
COMPANY |
| |
Registrant |
| |
|
| |
THE
TOLEDO EDISON COMPANY |
| |
Registrant |
| |
|
| |
PENNSYLVANIA
POWER COMPANY |
| |
Registrant |
| |
|
|
| |
|
|
|
|
|
|
/s/ Harvey L. Wagner |
| |
Harvey L. Wagner
Vice
President, Controller and
Chief Accounting Officer |
| |
|