Election of Director
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) February 21, 2006
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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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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.):
[
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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)
[
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
5.02
Departure of Directors or Principal Officers; Election of Directors; Appointment
of Principal Officers.
On
February 21,
2006, FirstEnergy Corp. announced that Robert B. Heisler, Jr. has been elected
to the company's Board of Directors. Mr. Heisler is chairman of KeyBank N.A.,
chief executive officer of the McDonald Financial Group (a subsidiary of
KeyBank, N.A.), and executive vice president of KeyCorp. (the parent of
KeyBank). Mr. Heisler previously served on the Board of Directors of
FirstEnergy between 1998 and 2004.
Mr.
Heisler will
serve on the Board's Compensation and Finance Committees. There are no
arrangements or understandings between Mr. Heisler and any other person pursuant
to which Mr. Heisler was selected as a director. There are no relationships
between Mr. Heisler and FirstEnergy or any of its subsidiaries that would
require disclosure pursuant to Item 404(a) of Regulation S-K.
Item
9.01
Financial Statements and Exhibits
(c)
Exhibits.
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Exhibit
No.
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Description
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99.1
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Press
Release
issued by FirstEnergy Corp., dated February 21,
2006
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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 our 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), the repeal of the Public Utility Holding Company Act of 1935
and
the legal and regulatory changes resulting from the implementation of the Energy
Policy Act of 2005, 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
governmental investigations and oversight, including by the Securities and
Exchange Commission, the United States Attorney’s Office, the Nuclear Regulatory
Commission and the various state public utility commissions 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 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
factors), 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, circumstances which may
lead management to seek, or the Board of Directors to grant, in each case in
its
sole discretion, authority for the implementation of a share repurchase program
in the future, the risks and other factors discussed from time to time in the
registrant's Securities and Exchange Commission filings, and other similar
factors. Dividends declared from time to time during any annual period may
in
aggregate vary from the indicated amounts due to circumstances considered by
the
Board at the time of the actual declarations. Also, a security rating should
not
be viewed as a recommendation to buy, sell, or hold securities and it may be
subject to revision or withdrawal at any time. The registrant expressly
disclaims 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, the Registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto
duly
authorized.
February
22,
2006
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FIRSTENERGY
CORP.
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Registrant
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/s/ Harvey L. Wagner
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Harvey L. Wagner
Vice
President, Controller and
Chief
Accounting Officer
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