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) November 8, 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
|
|
|
|
|
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
7.01
Regulation FD Disclosure
FirstEnergy
is
providing further clarity in connection with the Webcast of its
presentation at the Edison Electric Institute Financial Conference on
November 8, 2005. FirstEnergy reiterates that its estimated long-term earnings
growth rate remains at 3-4%, its estimated dividend growth rate remains at
4-5%
and its target dividend payout ratio remains at 50-60%.
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 our regulated utilities to collect transition and other charges,
maintenance costs being higher than anticipated, legislative and regulatory
changes (including revised environmental requirements), the uncertainty of
the
timing and amounts of the capital expenditures (including that such amounts
could be higher than anticipated) or levels of emission reductions related
to
the settlement agreement 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, fines or other
enforcement actions and remedies) of government 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
registrant's Securities and Exchange Commission filings, generally, and with
respect to the Davis-Besse Nuclear Power Station outage and heightened scrutiny
at the Perry Nuclear Power Plant in particular, the availability and cost of
capital, rising interest rates and other inflationary trends, 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 of strategic goals (including the proposed transfer
of nuclear generation assets), the ability to improve electric commodity margins
and to experience growth in the distribution business, any decision of the
Pennsylvania Public Utility Commission regarding the plan filed
by Pennsylvania Power Company on October 11, 2005 to secure
electricity supply for its customers at a set rate, the ability to access the
public securities and other capital markets, 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 final outcome in the
proceeding related to FirstEnergy's Application for a Rate Stabilization Plan
(RSP) in Ohio, specifically, the Public Utilities Commission of
Ohio's acceptance of the September 9, 2005 proposed supplement
to the
RSP, the risks and other factors discussed from time to time in the registrant's
Securities and Exchange Commission filings, including its annual report on
Form
10-K for the year ended December 31, 2004, and other similar factors.
Dividends
declared
from time to time on FirstEnergy's common stock during any annual period may
in
aggregate vary from the indicated amounts due to circumstances considered by
FirstEnergy's Board of Directors at the time of the actual declarations.
The
registrant expressly disclaims any current intention to update any
forward-looking statements contained in this document as a result of new
information, future events, or otherwise.
SIGNATURE
Pursuant
to the
requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto
duly
authorized.
November
8,
2005
|
FIRSTENERGY
CORP.
|
|
Registrant
|
|
|
|
|
|
|
|
|
|
/s/ Harvey
L.
Wagner
|
|
|
|
Harvey
L.
Wagner
Vice
President,
Controller and
Chief
Accounting
Officer
|
|
|
|
|