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) February 25, 2008
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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.):
[ ]
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
9.01 Financial Statements and Exhibits
(d)
Exhibits.
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Exhibit
No.
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Description
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99.1
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FirstEnergy
Corp. – Consolidated Income
Segments
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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 achievement 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, 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, other legislative and
regulatory changes including revised environmental requirements and possible GHG
emission regulations, 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 NRC (including,
but not limited to, the Demand for Information issued to FENOC on May 14,
2007) as disclosed in the registrant’s 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 Ohio Supreme Court regarding the RSP and RCP, including the deferral of fuel
costs) and the PPUC (including 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 operate at, or near full capacity, the changing market
conditions that could affect the value of assets held in the registrant’s
nuclear decommissioning trusts, pension trusts and other trust funds, 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, the
ability to access the public securities and other capital markets and the cost
of such capital, the risks and other factors discussed from time to time in the
registrant’s 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 to predict all such factors, nor assess the impact
of any such factor on the registrant’s 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. Also, a security rating is
not a recommendation to buy, sell or hold securities, and it may be subject to
revision or withdrawal at any time and each such rating should be evaluated
independently of any other rating. 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
authorized.
February
25, 2008
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FIRSTENERGY
CORP.
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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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