Unassociated Document
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 8, 2007
Commission
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Registrant;
State of Incorporation;
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I.R.S.
Employer
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File
Number
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Address;
and Telephone Number
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Identification
No.
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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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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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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
7.01
Regulation FD Disclosure.
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 May 8,
2007
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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 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, 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, legislative and regulatory changes (including revised
environmental requirements), and the legal and regulatory changes resulting
from
the implementation of the Energy
Policy Act of
2005 (including,
but not
limited to, the repeal of the Public
Utility
Holding Company Act of 1935),
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, 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
and the various
state public utility commissions as disclosed in the registrants’ Securities
and
Exchange Commission
filings, the timing
and outcome of various proceedings before the Public
Utilities
Commission of Ohio
(including, but not
limited to, the Distribution Rate Cases for the Ohio Companies, the successful
resolution of the issues remanded to the Public
Utilities
Commission of Ohio
by the Ohio Supreme
Court regarding the Rate Stabilization Plan) and the Pennsylvania
Public
Utility Commission
(including the
transition rate plan filings for Met-Ed and Penelec and Penn’s Default Service
Plan filing), the continuing availability and operation of generating units,
the
ability of generating units to continue to operate at, or near full capacity,
the inability to accomplish or realize anticipated benefits from strategic
goals
(including employee workforce initiatives), the anticipated benefits from
voluntary pension plan contributions, 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 and the cost of such
capital, the outcome, cost and other effects of present and potential legal
and
administrative proceedings and claims related to the August 14, 2003
regional power outage, the successful structuring and completion of a potential
sale and leaseback transaction for Bruce Mansfield Unit 1 currently under
consideration by management, any purchase price adjustment under the accelerated
share repurchase program announced March 2, 2007, 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.
May
8,
2007
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FIRSTENERGY
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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By:
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Harvey
L.
Wagner
Vice
President, Controller and
Chief
Accounting Officer
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