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 June 30, 2005 is attached as Exhibit
A.
|
2.
|
During
the
period January 1, 2005 through June 30, 2005, 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 January 1,
2005
through June 30, 2005.
|
4. Amount
authorized to invest in the Tax Credit Projects as of January 1,
2005
|
$
|
100,000,000
|
|||
Investment during the period January 1, 2005 through June 30,
2005
|
-0-
|
||||
Amount available to invest in the Tax Credit Projects as of June
30,
2005
|
$
|
100,000,000
|
5. |
The
following
is a list of LIHTC project investments currently held by FirstEnergy
and
its subsidiaries as of June 30,
2005:
|
$
|
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
|
|||
Total
|
$
|
101,674,116
|
FIRSTENERGY
CORP.
|
||
Date:
August
9, 2005
|
By:
|
/s/ Harvey L. Wagner
|
|
Harvey L. Wagner
Vice
President, Controller
and
Chief
Accounting Officer
|