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) October 9, 2008
Commission
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Registrant;
State of Incorporation;
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I.R.S.
Employer
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Address; and Telephone
Number
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333-21011
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FIRSTENERGY
CORP.
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34-1843785
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(An
Ohio Corporation)
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76
South Main Street
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Akron,
OH 44308
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Telephone (800)736-3402
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333-145140-01
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FIRSTENERGY
SOLUTIONS CORP.
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31-1560186
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(An
Ohio Corporation)
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c/o
FirstEnergy Corp.
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76
South Main Street
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Akron,
OH 44308
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Telephone
(800)736-3402
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1-2578
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OHIO
EDISON COMPANY
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34-0437786
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(An
Ohio Corporation)
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c/o
FirstEnergy Corp.
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76
South Main Street
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Akron,
OH 44308
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Telephone (800)736-3402
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1-2323
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THE
CLEVELAND ELECTRIC ILLUMINATING COMPANY
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34-0150020
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(An
Ohio Corporation)
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c/o
FirstEnergy Corp.
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76
South Main Street
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Akron,
OH 44308
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Telephone (800)736-3402
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1-3583
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THE
TOLEDO EDISON COMPANY
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34-4375005
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(An
Ohio Corporation)
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c/o
FirstEnergy Corp.
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76
South Main Street
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Akron,
OH 44308
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Telephone
(800)736-3402
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1-3141
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JERSEY
CENTRAL POWER & LIGHT COMPANY
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21-0485010
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(A
New Jersey Corporation)
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c/o
FirstEnergy Corp.
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76
South Main Street
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Akron,
OH 44308
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Telephone (800)736-3402
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1-446
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METROPOLITAN
EDISON COMPANY
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23-0870160
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(A
Pennsylvania Corporation)
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c/o
FirstEnergy Corp.
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76
South Main Street
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Akron,
OH 44308
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Telephone (800)736-3402
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1-3522
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PENNSYLVANIA
ELECTRIC COMPANY
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25-0718085
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(A
Pennsylvania Corporation)
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c/o
FirstEnergy Corp.
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76
South Main Street
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Akron,
OH 44308
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Telephone (800)736-3402
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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.):
[ ]
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.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
No.
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Description
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99.1
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Letter to the
Investment Community, dated October 9, 2008
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Forward-Looking Statements:
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 include declarations regarding management’s
intents, beliefs and current expectations. These statements typically
contain, but are not limited to, the terms “anticipate,” “potential,” “expect,”
“believe,” “estimate” and similar words. Forward-looking statements
involve estimates, assumptions, known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Actual
results may differ materially due to the speed and nature of increased
competition in the electric utility industry and legislative and regulatory
changes affecting how generation rates will be determined following the
expiration of existing rate plans in Ohio and Pennsylvania, the impact of the
PUCO’s rulemaking process on the Ohio Companies’ Electric Security Plan and
Market Rate Offer filings, economic or weather conditions affecting future sales
and margins, changes in markets for energy services, changing energy and
commodity market prices and availability, replacement power costs being higher
than anticipated or inadequately hedged, the continued ability of FirstEnergy’s
regulated utilities to collect transition and other charges or to recover
increased transmission costs, maintenance costs being higher than anticipated,
other legislative and regulatory changes including revised environmental
requirements and possible greenhouse gas emissions regulation, the impact of the
U.S. Court of Appeals’ July 11, 2008 decision to vacate the CAIR rules and the
scope of any laws, rules or regulations that may ultimately take their place,
the uncertainty of the timing and amounts of the capital expenditures needed to,
among other things, implement the Air Quality Compliance Plan (including that
such amounts could be higher than anticipated) or levels of emission reductions
related to the Consent Decree resolving the New Source Review litigation or
other potential regulatory initiatives, adverse regulatory or legal decisions
and outcomes (including, but not limited to, the revocation of necessary
licenses or operating permits and oversight by the Nuclear Regulatory Commission
including, but not limited to, the Demand for Information issued to FENOC on May
14, 2007) as disclosed in the registrants’ SEC filings, the timing and outcome
of various proceedings before the PUCO (including, but not limited to, the
Distribution Rate Cases and the generation supply plan filing for the Ohio
Companies and the successful resolution of the issues remanded to the PUCO by
the Supreme Court of Ohio regarding the Rate Stabilization Plan and the Rate
Certainty Plan, including the recovery of deferred fuel costs) and Met-Ed’s and
Penelec’s transmission service charge filings with the PPUC (as well as the
resolution of the Petitions for Review filed with the Commonwealth Court of
Pennsylvania with respect to the transition rate plan for Met-Ed and Penelec),
the continuing availability of generating units and their ability to continue to
operate at or near full capacity, the ability to comply with applicable state
and federal reliability standards, the ability to accomplish or realize
anticipated benefits from strategic goals (including employee workforce
initiatives), the ability to improve electric commodity margins and to
experience growth in the distribution business, changing market conditions that
could affect the value of assets held in the registrants’ nuclear
decommissioning trust funds, pension funds and other trust funds, the ability to
access the public securities and other capital and credit markets in accordance
with FirstEnergy’s financing plan and the cost of such capital, changes in
general economic conditions affecting the registrants, the state of the capital
and credit markets affecting the registrants, and the risks and other factors
discussed from time to time in the registrants’ SEC filings, and other similar
factors. The foregoing review of factors should not be construed as
exhaustive. New factors emerge from time to time, and it is not
possible for management to predict all such factors, nor assess the impact of
any such factor on the registrants’ business or the extent to which any factor,
or combination of factors, may cause results to differ materially from those
contained in any forward-looking statements. Dividends declared from time to
time on FirstEnergy’s common stock during any annual period depend on
circumstances considered by FirstEnergy’s Board of Directors at the time of the
actual declarations. 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.
October 9,
2008
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FIRSTENERGY
CORP.
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Registrant
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FIRSTENERGY SOLUTIONS
CORP.
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Registrant
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OHIO EDISON
COMPANY
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Registrant
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THE
CLEVELAND ELECTRIC
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ILLUMINATING
COMPANY
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Registrant
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THE TOLEDO EDISON
COMPANY
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Registrant
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METROPOLITAN EDISON
COMPANY
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Registrant
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PENNSYLVANIA ELECTRIC
COMPANY
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Registrant
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Harvey L.
Wagner
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Vice
President, Controller
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and Chief
Accounting Officer
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JERSEY CENTRAL POWER
& LIGHT COMPANY
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Registrant
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Paulette R.
Chatman
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Controller
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(Principal
Accounting Officer)
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