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Topic: FirstEnergy Corporation

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	SEC Info - Firstenergy Corp - U-1/A - On 7/25/00
		FirstEnergy --------------------------------------- Securities Transfer Company is an Ohio corporation organized in 1997 to act as transfer agent and registrar for the securities of FirstEnergy and its direct and indirect subsidiaries.
		FirstEnergy believes that the consideration to be paid by it for the voting securities of ATSI is reasonable because the amount of such consideration plus the total amount of debt that ATSI will incur in acquiring the Transmission Assets is equal to the approximate actual value of those assets.
		FirstEnergy further believes that such consideration bears a fair relation to the investment in and the earning capacity of the Transmission Assets because it is based on the net book value those assets had in the hands of the Operating Companies.
	www.secinfo.com /dvf4f.5n.htm (6474 words)

	JCP&L/FirstEnergy in the News - Archive from 2004 (Site not responding. Last check: 2007-09-23)
		FirstEnergy Corp. is eliminating 205 salaried jobs at its three nuclear plants in Ohio and Pennsylvania, including 63 at the Davis-Besse plant, as the final step of a reorganization.
		FirstEnergy Corp.'s decision to eliminate 205 salaried nuclear jobs in Ohio and Pennsylvania is indicative of belt-tightening that has occurred nationwide in the utility sector: Companies merge and find ways to operate more efficiently so they can keep their electricity prices down and weather competition in today's deregulated market.
		FirstEnergy maintained the work was routine maintenance that did not require additional smog controls and did not increase generating capacity or emissions.
	www.ibew1298.org /JCPL-FENews-Archive-2004.htm (15582 words)

	Ohio Valley Electric Corporation; Rel. No. 35-27791 / December 30, 2003
		FirstEnergy currently meets all of the conditions of rule 53(a), except for clause (1).
		FirstEnergy states that since the date of the Merger Order, there has been no material adverse impact on FirstEnergy's consolidated capitalization resulting from its investments in EWGs and FUCOs, and the proposed transactions will not have any material impact on the FirstEnergy's capitalization.
		In accordance with the transfer of their rights and obligations under the Power Agreement to FirstEnergy Generation Corp., Ohio Edison Company, The Toledo Edison Company and the Pennsylvania Power Company are severally liable for 70.73%, 19.51%, and 9.76%, respectively, of any obligation under the Power Agreement that FirstEnergy Generation Corp. fails to perform.
	www.sec.gov /divisions/investment/opur/filing/35-27791.htm (2161 words)

	H. Peter Burg 1946—2004 - SMALL TOWN BOY MAKES THE BIG TIME, ELECTED TO PRESTIGIOUS PRESIDENCY
		Thus, FirstEnergy Corporation was born, and Burg was named president and CEO in 1999.
		FirstEnergy was the fifth-largest investor-owned electric services provider in the United States and the parent company to seven electric utility companies serving 4.3 million customers in Ohio, New Jersey, and Pennsylvania.
		Its membership comprised investor-owned electric power corporations in the United States and their international affiliates and included independent power producers, electric utilities, international electric corporations, and companies that generate, transmit, and distribute electric energy.
	www.referenceforbusiness.com /biography/A-E/Burg-H-Peter-1946-2004.html (1659 words)

	FirstEnergy Updates Status of FENOC Investigation. \| Science and Technology (Site not responding. Last check: 2007-09-23)
		FirstEnergy Corporation recently announced it has received a letter from the U.S. Attorney's Office stating that its FirstEnergy Nuclear Operating Company (FENOC) subsidiary is a target of the federal grand jury investigation into alleged false statements made to the Nuclear Regulatory Commission (NRC) in the fall of 2001 in response to NRC Bulletin 2001-01.
		According to FirstEnergy, the letter also said that the designation of FENOC as a target indicates that, in the view of the prosecutors assigned to the matter, it is likely that federal charges will be returned against FENOC by the grand jury.
		FirstEnergy said it previously discussed the grand jury investigation as it relates to its FENOC subsidiary in the company's 2003 Annual Report, and in Form 8-K filed on November 21, 2003, and in form 10-Q for the first three quarters of 2004 with the Securities and Exchange Commission.
	www.allbusiness.com /periodicals/article/295037-1.html (555 words)

	Cases \| FirstEnergy Corporation \| Wolf Haldenstein Adler Freeman & Herz LLP
		On August 5, 2003, during the stock market trading session, FirstEnergy announced it was restating all of 2002 and first quarter 2003 earnings due, in part, to revisions to reflect a change in its method of amortizing costs being recovered through its “Ohio transition plan” and recognition of above-market values of certain leased generation facilities.
		In the August 5, 2003 press release, the Company said the restatement would reduce FirstEnergy’s earnings per share by $0.23 to $1.92 ($1.91 diluted) on a GAAP basis for 2002, and were expected to lower the Company’s 2003 earnings by $0.17 per share on a GAAP basis compared with the company's original earnings guidance.
		On this news, shares of FirstEnergy, which closed at $34.25 per share on August 4, 2003, fell throughout August 5, 2003, to close at $31.33 per share, for a drop of $2.92 per share, or 8.5%.
	www.whafh.com /modules/case?action=view&id=220 (810 words)

	Blackout Is Just Latest Woe for a Troubled Ohio Utility
		FirstEnergy contends that its run of recent problems is not the result of a systemic management failure or inadequate investment in its power system, and some industry monitors assert that the company's performance is by and large no better or worse than other giant utilities.
		FirstEnergy has insisted it was an accidental player in the flout, that the problem began elsewhere.
		But many experts say the problems at FirstEnergy are indicative of broader issues affecting many power companies as competitive pressures have increased the drive for profits, and the role of government to police the operation of the nation's power grid is extremely limited.
	www.ohiocitizen.org /campaigns/electric/2003/troubled.htm (755 words)

	Public Campaign Action Fund
		FirstEnergy had a major conflict of interest: in 1999, the US Department of Justice had sued it and 10 other corporations for violating the Clean Air Act.
		As the Akron fundraiser was being held, FirstEnergy's case was finally nearing a decision point in the courts.
		Since FirstEnergy's trial has not yet entered the penalty phase, this stroke of a pen could spare the company literally hundreds of millions in fines.
	www.pcactionfund.org /pressroom/articles/2004/03-02-04alternet.htm (1079 words)

	TIBCO Software Lands Agreement with FirstEnergy Corporation
		FirstEnergy is the latest major player in the energy industry to turn to TIBCO for software infrastructure and integration solutions, joining Mobil, Dynegy and Eastern Power & Trading, among others.
		FirstEnergy's Facilities Services Group -- the largest energy services operation of its kind in the region -- includes 11 mechanical construction, contracting and energy management companies, with revenues exceeding $445 million.
		FirstEnergy's four electric utility operating companies -- Ohio Edison and its Pennsylvania Power subsidiary, The Illuminating Company and Toledo Edison -- comprise the nation's 10th largest electric system, serving 2.2 million customers.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/11-22-1999/0001080767&EDATE= (471 words)

	FirstEnergy Shareholders Suffer a Power Failure
		FirstEnergy Corporation, the utility company whose power lines were the first to fail in the flout, seems to have ignored regulators' warnings that its antiquated grid could falter.
		While greater attention to corporate governance may not have prevented FirstEnergy's woes, the company's persistent dismissal of shareholders' concerns about its entrenched board is a troubling sign of complacency at a company whose every move is under scrutiny.
		FirstEnergy said that its board structure is better because it increases the "likelihood of continuity and stability in the board's business strategies and policies." But many shareholders seem to think that too much board continuity has made it too chummy.
	www.ohiocitizen.org /campaigns/electric/2003/shareholders.htm (699 words)

	Clarion University News (Site not responding. Last check: 2007-09-23)
		FirstEnergy established PSI to help develop a source for future electric professionals with an emphasis on overhead line work.
		The FirstEnergy PSI program was recognized in 2001 by the Corporate University Xchange as one of the top corporate training programs in the country.
		The Corporate University Xchange is a leading provider of corporate education intelligence, research, industry analysis and consulting.
	news.clarion.edu /News/10782.html (591 words)

	What You Don't Know about Sarbanes-Oxley - CFO.com
		To comply with the section, FirstEnergy — and every other public corporation — must include an annual assessment of its "internal control structure and procedures for financial reporting" in its annual report.
		For instance, when FirstEnergy switches its ERP software from Oracle to SAP in the next few months, the change will affect a bevy of functions, including supply-chain management, human resources, work-order management, and general ledger.
		FirstEnergy, for instance, is currently fighting Environmental Protection Agency charges that one of its plants is in violation of the Clean Air Act.
	www.cfo.com /printable/article.cfm/3008498?f=options (2160 words)

	COMPANY NEWS; FIRSTENERGY SERVICES PURCHASING COLONIAL MECHANICAL - New York Times
		The Firstenergy Services Corporation said yesterday that it had agreed to acquire the Colonial Mechanical Corporation, a provider of energy services, for an undisclosed sum.
		Firstenergy, based in Akron, Ohio, is an energy-services holding company that had sales of $3.4 billion in the year ended March 31.
		It is a unit of the Firstenergy Corporation, which was formed last year by the merger of Ohio Edison of Akron, Ohio, and the Centerior Energy Corporation of Independence, Ohio.
	query.nytimes.com /gst/fullpage.html?res=9C03E5D7103EF931A35756C0A96E958260 (111 words)

	2003 North America Blackout Encyclopedia Article @ HotAndCold.com (Hot and Cold) (Site not responding. Last check: 2007-09-23)
		On November 19, 2003, the U.S.-Canada Power System Outage Task Force released an interim report placing the cause of the flout on FirstEnergy Corporation's failure to trim trees in part of its Ohio service area.
		It also found that FirstEnergy did not take remedial action or warn other control centers until it was too late because of a bug in the Unix-based General Electric Energy's XA/21 system [2] that prevented alarms from showing on their control system [3], and they had inadequate staff to detect and correct the software bug.
		The plant is owned by FirstEnergy, a company that had experienced extensive recent maintenance problems, including a major nuclear-plant incident in 1985.
	www.hotandcold.com /encyclopedia/2003_North_America_blackout (3583 words)

	The Institute of Internal Auditors (IIA) Bookstore - Enterprise Risk Management: Pulling it All Together (Site not responding. Last check: 2007-09-23)
		The first case study was conducted at Canada Post Corporation (CPC), a recognized "world leader in providing innovative physical and electronic delivery solutions." There, the hiring of a new chief audit executive (CAE), Carman Lapointe Young, led to the implementation of an integrated risk management process.
		Canada Post Corporation used the new process to find out how likely the organization was to meet its objectives, how risks were being managed, and how the organization was recognizing and acting on opportunities.
		General Motors Corporation (GM), the world’s largest automotive corporation and vehicle manufacturer, is exposed to a wide range of risks.
	www.theiia.org /bookstore.cfm?fuseaction=editorial_sum&order_num=456 (1675 words)

	FirstEnergy Corporation Derivative Litigation - Bernstein Litowitz Berger & Grossmann LLP
		The action involves allegations that FirstEnergy's board of directors breached their fiduciary duty to shareholders by ignoring repeated signs of inadequate and decaying equipment, failing to maintain emergency control systems and neglecting to establish an adequate financial reporting system.
		On July 27, 2004, the Louisiana Teachers and FirstEnergy announced a settlement of the action which provides for the adoption by the Board of Directors of an extensive corporate governance plan that will result in widespread reforms to FirstEnergy’s corporate governance practices.
		In addition to the adoption of the corporate governance plan, the insurance carriers for FirstEnergy’s directors and officers have agreed to pay the company $25 million as part of the settlement, which is subject to approval by the United States District Court for the Northern District of Ohio.
	www.blbglaw.com /cases/first_energy_derivative.html (371 words)

	FR Doc 03-18931
		FirstEnergy Corporation (70-10138) FirstEnergy Corporation (``FirstEnergy''), a registered holding company, 76 South Main Street, Akron, Ohio 44308, has filed an application under sections 9(a)(1), 10, and 12(f) of the Act and rule 54 under the Act.
		Certain of FirstEnergy's public-utility company subsidiaries own all or a portion of the units at sixteen electricity generating stations in the United States having a combined generating capability of approximately 13,387 megawatts.
		FirstEnergy also requests authority to sell all or a portion of its membership interest in PowerTree Carbon at any time to any of its associate companies.
	a257.g.akamaitech.net /7/257/2422/14mar20010800/edocket.access.gpo.gov/2003/03-18931.htm (9745 words)

	Firstenergy Lawsuit Attorney \| Lawyer Class Action Targets FirstEnergy Corporation as Culprit in August 14 Blackout
		A class action has been filed against energy company FirstEnergy Corporation on behalf of all persons and entities residing in the United States who lost electrical power during the massive energy flout that began on August 14, 2003, alleging that the company acted in reckless disregard of industry practices.
		If a building owner's negligence is the cause of damage suffered by others, he or she may have to pay damages to those who are injured by his irresponsibility.
		A class action has been filed against Continental Business Center owner Bushar Corporation on behalf of persons who suffered property losses in the May 2001 fire that ravaged the center in Montgomery County, Pennsylvania, alleging that Bushar was negligent in the manner in which it protected the businesses to which it rented.
	www.lawcash.com /attorney/2674/firstenergy-lawsuit.asp (797 words)

	Firstenergy Lawsuit Attorney \| Lawyer FirstEnergy Announces Financial Restatement
		A class action has been filed against electrical utility holding company FirstEnergy Corporation (NYSE: FE) and certain of its officers and directors by stockholders who purchased the company's common stock between April 24, 2002, and August 5, 2003.
		The action alleges that FirstEnergy had been improperly accounting for certain of its leased generation plants by assigning such assets inflated values, and had improperly accounted for costs incurred in connection with the deregulation of certain of its businesses by employing an inappropriately long amortization schedule, thereby artificially inflating its reported earnings by material amounts.
		In theory Employee Stock Ownership Plans, which serve as the source of retirement for an employee, are considered the ultimate reward for the most loyal of employees, but, unfortunately, this is not always the outcome.
	www.lawcash.com /attorney/2621/firstenergy-lawsuit.asp (628 words)

	Al-Muhajabah's Islamic Blogs: a fair and balanced report on Cleveland electric utilities
		FirstEnergy is also guilty of failing to meet pollution control standards.
		FirstEnergy was created by a merger in 1997 of Ohio Edison with Centerior Energy.
		He talked about the flout, and the role of FirstEnergy Corporation in causing it, the problems with deregulation of electric utilities, and what it really means to be......
	www.muhajabah.com /islamicblog/archives/veiled4allah/006287.php (2152 words)

	FirstEnergy Capital Corp. (Site not responding. Last check: 2007-09-23)
		FirstEnergy enjoys significant market share in providing research, financing and advisory services as well as trading the shares of both public and private corporations participating in the Canadian Energy Sector.
		FirstEnergy Capital Corp. is a member of the Canadian Investor Protection Corporation.
		FirstEnergy Capital (USA) Corp. is a member of the Securities Investor Protection Corporation.
	www.firstenergy.com (155 words)

	Investigators pin origin of blackout on FirstEnergy failures \| wkyc.com
		FirstEnergy president Anthony Alexander says the company believes the flout can't be blamed on one utility.
		The report says FirstEnergy's failure to trim trees along its power lines caused the lines to trip, starting the chain reaction that led to 50 million people losing power.
		A consulting firm hired by FirstEnergy is placing blame on power deregulation.
	www.wkyc.com /news/news_print.asp?id=12947 (340 words)

	Blackout 2003 \| wkyc.com (Site not responding. Last check: 2007-09-23)
		AKRON -- A federal energy regulation agency is requiring FirstEnergy Corp. to arrange and pay for an independent study of parts of the power grid in Ohio where electricity flow problems may have contributed to the Aug. 14 flout.
		AKRON -- FirstEnergy Corporation says it will improve tree trimming around power lines and make other changes to prevent another widespread outage.
		CLEVELAND -- Here’s the latest on FirstEnergy, the Akron-based utility that’s the focus of the flout investigation.
	www.wkyc.com /news/special/blackout (832 words)

	FirstEnergy Corp (FE) Information: Stock Profile, Address, and Executives
		FirstEnergy Corp. is a diversified energy services holding company as the result of the merger of Ohio Edison Company and Centerior Energy Corporation.
		FirstEnergy companies provide electricity and natural gas services and a wide array of energy-related products and services.
		FirstEnergy's four electric utility companies, Ohio Edison and its Pennsylvania Power subsidiary, The Illuminating Company and Toledo Edison, serve customers in northern and central Ohio and western Pennsylvania.
	www.investorwords.com /cgi-bin/stocksymbol.cgi?ticker=FE (108 words)

	IBEW Local 1298 JCP&L/FirstEnergy in the News (Site not responding. Last check: 2007-09-23)
		FirstEnergy Corp.'s nuclear plant here is generally safe, but federal regulators still will keep a close eye on it because of a series of small problems such as poor staff training and the company's history of safety issues, the Nuclear Regulatory Commission said in a letter released Thursday.
		FirstEnergy also spent $5,000 on a "legislative day" at Put-in-Bay on Lake Erie on July 14, 2001 — an event all lawmakers were invited to, according to Joint Legislative Ethics Committee records.
		FirstEnergy Corp. is investing $250 million to install the new equipment and take other steps designed to keep the reactors running smoothly well into the middle of this century -- and increase their output.
	www.ibew1298.org /JCPL-FENews.htm (15094 words)

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