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) May 22, 2004
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)
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
Item 5. Other Events
On May 24, 2004, FirstEnergy Nuclear Operating Company, a wholly owned
subsidiary of FirstEnergy Corp., announced that the 1,260-megawatt Perry Nuclear
Power Plant is expected to return to service next week, following repairs to an
emergency service water pump.
The plant was removed from service on Saturday May 22, 2004, after
routine testing indicated that the pump was not maintaining a normal flow level.
An initial inspection found a broken coupling on the pump's shaft, and a
complete review is under way.
A new pump and new couplings, made of stronger material, are being
installed to help ensure better reliability. The plant will return to service
after the equipment has been thoroughly tested and the review has been
completed.
The combined ownership and leasehold interests in the Perry Nuclear
Power Plant are: The Cleveland Electric Illuminating Company - 44.85%; Ohio
Edison Company - 30.00%; The Toledo Edison Company - 19.91%; and Pennsylvania
Power Company - 5.24%.
A copy of the press release is attached as Exhibit 99 hereto and is
incorporated by reference.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits
(c) Exhibits.
Exhibit No. Description
----------- -----------
99 Press Release issued by FENOC, dated May 24, 2004
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), adverse regulatory or legal decisions and the outcome of
governmental investigations (including revocation of necessary licenses or
operating permits), availability and cost of capital, the continuing
availability and operation of generating units, the inability to accomplish or
realize anticipated benefits of strategic goals, the ability to improve electric
commodity margins and to experience growth in the distribution business, the
ability to access the public securities 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 that outage, a denial of or material change to FirstEnergy's
Application related to its Rate Stabilization Plan, the risks and other factors
discussed from time to time in the registrants' Securities and Exchange
Commission filings, including their annual report on Form 10-K for the year
ended December 31, 2003, their Form 10-Q for the quarter ended March 31, 2004,
and other similar factors. The registrants expressly disclaim any current
intention to update any forward-looking statements contained in this document as
a result of new information, future events, or otherwise.
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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.
May 24, 2004
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
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