Form 10K/A



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549

FORM 10-K/A

(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2004

OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______________to _______________


Commission
 
Registrant; State of Incorporation;
 
I.R.S. Employer
File Number
 
Address; and Telephone Number
 
Identification No.
 
AMENDMENT NO.1
 
333-21011
     FIRSTENERGY CORP.
34-1843785
 
     (An Ohio Corporation)
 
 
     76 South Main Street
 
 
     Akron, OH 44308
 
 
     Telephone (800)736-3402
 
     
1-2323
     THE CLEVELAND ELECTRIC ILLUMINATING COMPANY
34-0150020
 
     (An Ohio Corporation)
 
 
     c/o FirstEnergy Corp.
 
 
     76 South Main Street
 
 
     Akron, OH 44308
 
 
     Telephone (800)736-3402
 
     
1-3583
     THE TOLEDO EDISON COMPANY
34-4375005
 
     (An Ohio Corporation)
 
 
     c/o FirstEnergy Corp.
 
 
     76 South Main Street
 
 
     Akron, OH 44308
 
 
     Telephone (800)736-3402
 







SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

 

       
Name of Each Exchange
Registrant
 
Title of Each Class
 
on Which Registered
         
FirstEnergy Corp.
 
Common Stock, $0.10 par value
 
New York Stock Exchange
         
         
The Cleveland Electric
 
Cumulative Serial Preferred Stock, without
   
Illuminating Company
 
par value:
   
   
$7.40 Series A
 
Both series registered on New
   
Adjustable Rate, Series L
 
York Stock Exchange
         
         
The Toledo Edison
 
Cumulative Preferred Stock, par value
   
Company
 
$100 per share:
   
   
4-1/4% Series
 
American Stock Exchange
         
   
Cumulative Preferred Stock, par value
   
   
$25 per share:
   
   
$2.365 Series
 
All series registered on
   
Adjustable Rate, Series A
 
New York Stock Exchange
   
Adjustable Rate, Series B
   
         
         
         
         
         
         
         
         
         
         
         
         





SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:

None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: Yes (X) No (  )

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

(X)
FirstEnergy Corp.
(  )
The Cleveland Electric Illuminating Company and The Toledo Edison Company,.


Indicate by check mark whether each registrant is an accelerated filer (as defined in Rule 12b-2 of the Act):

Yes (X) No (  )
FirstEnergy Corp.
Yes (  ) No (X)
The Cleveland Electric Illuminating Company and The Toledo Edison Company

State the aggregate market value of the common stock held by non-affiliates of the registrants: FirstEnergy Corp., $12,315,809,435 as of June 30, 2004; and for all other registrants, none.

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date:

   
OUTSTANDING
 
CLASS
 
As of March 9, 2005
 
       
FirstEnergy Corp., $0.10 par value
   
329,836,276
 
         
The Cleveland Electric Illuminating Company, no par value
   
79,590,689
 
The Toledo Edison Company, $5 par value
   
39,133,887
 
         
         
         
         

FirstEnergy Corp. is the sole holder of The Cleveland Electric Illuminating Company and The Toledo Edison Company common stock.


Documents incorporated by reference (to the extent indicated herein):

   
PART OF FORM 10-K INTO WHICH DOCUMENT IS INCORPORTED
 
DOCUMENT
 
       
FirstEnergy Corp. Annual Report to Stockholders for
     
the fiscal year ended December 31, 2004 (Pages 4-85)
   
Part II
 
         
Proxy Statement for 2005 Annual Meeting of Stockholders
       
to be held May 17, 2005
   
Part III
 


This combined Form 10-K/A is separately filed by FirstEnergy Corp., The Cleveland Electric Illuminating Company and The Toledo Edison Company. Information contained herein relating to any individual registrant is filed by such registrant on its own behalf. No registrant makes any representation as to information relating to any other registrant, except that information relating to either of the FirstEnergy subsidiary registrants is also attributed to FirstEnergy.




EXPLANATORY NOTE

Item 2 - Properties of each registrant's Form 10-K for the year ended December 31, 2004 is hereby amended to correct footnote references indicating interests in generating units leased by The Cleveland Electric Illuminating Company (CEI) and The Toledo Edison Company (TE).




1



ITEM 2. PROPERTIES

The Companies’ respective first mortgage indentures constitute, in the opinion of the Companies’ counsel, direct first liens on substantially all of the respective Companies’ physical property, subject only to excepted encumbrances, as defined in the indentures. See “Leases” and “Capitalization” notes to the respective financial statements for information concerning leases and financing encumbrances affecting certain of the Companies’ properties.

The Companies own, individually or together as tenants in common, and/or lease, the generating units in service as of March 1, 2005, shown on the table below.

 
     
 
                                                         
    ___________  
 
   ___________    ___________    ___________   ___________     ___________    ___________    ___________    ___________    ___________    ___________    ___________    ___________    ___________    ___________  
       
NDC
 (MW)
 
 
     
 
     
 
     
 
     
 
     
 
     
 
     
 
 
 
 
 
 
OE
 
Penn
 
CEI
 
TE
 
JCP&L
 
Met-Ed
 
FES
 
_________________________________   
Unit
 
Total
  %   
MW
  %   
MW
  %   
MW
  %   
MW
  %   
MW
   %  
MW
  %   
MW
 
Plant - Location
                                                                                                 
                                                                                                   
Coal-Fired Units
                                                                                                 
Ashtabula-
Ashtabula, OH
   
5
   
244
   
--
   
--
   
--
   
--
   
100.00
%
 
244
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
 
Bay Shore-
   
1-4
   
631
   
--
   
--
   
--
   
--
   
--
   
--
   
100.00
%
 
631
   
--
   
--
   
--
   
--
   
--
   
--
 
Toledo, OH
                                                                                                 
R. E. Burger-
Shadyside, OH
   
3-5
   
406
   
100.00
%
 
406
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
 
Eastlake-Eastlake, OH
   
1-5
   
1,233
   
--
   
--
   
--
   
--
   
100.00
%
 
1,233
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
 
Lakeshore-
Cleveland, OH
   
18
   
245
   
--
   
--
   
--
   
--
   
100.00
%
 
245
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
 
Bruce Mansfield-
   
1
   
780
   
60.00
%
 
468
   
33.50
%
 
261
   
6.50
%
(a)
51
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
 
Shippingport, PA
   
2
   
780
   
43.06
%
 
336
   
9.36
%
 
73
   
30.28
%
(a) 
236
   
17.30
%
(a)
135
   
--
   
--
   
--
   
--
   
--
   
--
 
     
3
   
800
   
49.34
%
 
395
   
6.28
%
 
50
   
24.47
%
(a)
196
   
19.91
%
(a)
159
   
--
   
--
   
--
   
--
   
--
   
--
 
W. H. Sammis-
   
1-6
   
1,620
   
100.00
%
 
1,620
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
 
Stratton, OH
   
7
   
600
   
48.00
%
 
288
   
20.80
%
 
125
   
31.20
%
 
187
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
 
Total
         
7,339
   
--
   
3,513
         
509
   
--
   
2,392
   
--
   
925
   
--
   
--
   
--
   
--
   
--
   
--
 
                                                                                                   
Nuclear Units
                                                                                                 
Beaver Valley-
   
1
   
821
   
35.00
%
 
287
   
65.00
%
 
534
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
 
Shippingport, PA
   
2
   
831
   
41.88
%
 (b)
348
   
13.74
%
 
114
   
24.47
%
 
203
   
19.91
%
(c) 
166
   
--
   
--
   
--
   
--
   
--
   
--
 
Davis-Besse-
   
1
   
883
   
--
   
--
   
--
   
--
   
51.38
%
 
454
   
48.62
%
 
429
   
--
   
--
   
--
   
--
   
--
   
--
 
Oak Harbor, OH
                                                                                                 
Perry-
N. Perry Village, OH
   
1
   
1,260
   
30.00
%
 (b)
378
   
5.24
%
 
66
   
44.85
%
 
565
   
19.91
%
251
   
--
   
--
   
--
   
--
   
--
   
--
 
Total
         
3,795
         
1,013
         
714
         
1,222
         
846
   
 
   
--
       
--
       
--
 
                                                                                                   
Oil/Gas-Fired/Pumped Storage Units
                                                                                                 
Richland-Defiance, OH
   
1-3
   
42
   
--
   
--
   
--
   
--
   
--
   
--
   
100.00
%
 
42
   
--
   
--
   
--
   
--
   
--
   
--
 
     
4-6
   
390
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
100.00
%
 
390
 
Seneca-Warren, PA
   
1-3
   
435
   
--
   
--
   
--
   
--
   
100.00
%
 
435
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
 
Sumpter- Sumpter Twp., MI
   
1-4
   
340
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
100.00
%
 
340
 
West Lorain
   
1-1
   
120
   
100.00
%
 
120
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
 
Lorain, OH
   
2-6
   
425
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
100.00
%
 
425
 
Yard's Creek-Blairstown
Twp., NJ
   
1-3
   
200
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
--
   
50
%
 
200
   
--
   
--
   
--
   
--
 
Other
         
301
         
109
         
19
         
33
         
35
         
86
         
19
         
--
 
Total
         
2,253
         
229
         
19
         
468
         
77
         
286
         
19
         
1,155
 
Total
         
13,387
         
4,755
         
1,242
         
4,082
         
1,848
         
286
         
19
         
1,155
 


Notes:
(a)
CEI’s and TE's interests in Bruce Mansfield are leased except that CEI's interests in Unit 2 consist of 1.68% owned and 28.60% leased.
 
(b)
OE’s interests consist of 20.22% owned and 21.66% leased for Beaver Valley Unit 2; and 17.42% owned (representing portion leased from a wholly owned subsidiary of OE) and 12.58% leased for Perry.
 
(c)
TE’s interests consist of 1.65% owned and 18.26% leased.
 
 

 

2



Prolonged outages of existing generating units might make it necessary for the Companies, depending upon the demand for electric service upon their system, to use to a greater extent than otherwise, less efficient and less economic generating units, or purchased power, and in some cases may require the reduction of load during peak periods under the Companies’ interruptible programs, all to an extent not presently determinable.

The Companies’ generating plants and load centers are connected by a transmission system consisting of elements having various voltage ratings ranging from 23 kV to 500 kV. The Companies’ overhead and underground transmission lines aggregate 14,978 pole miles.

The Companies’ electric distribution systems include 114,177  miles of overhead pole line and underground conduit carrying primary, secondary and street lighting circuits. They own substations with a total installed transformer capacity of 91,117,000 kilovolt-amperes.

The transmission facilities that are owned and operated by ATSI also interconnect with those of AEP, DPL, Duquesne, Allegheny, MEC and Penelec. The transmission facilities of JCP&L, Met-Ed and Penelec are physically interconnected and are operated on an integrated basis as part of the PJM RTO.

FirstEnergy's distribution and transmission systems as of December 31, 2004, consist of the following:



   
Substation
         
   
Distribution
 
Transmission
 
Transformer
 
   
Lines
 
Lines
 
Capacity
 
   
(Miles)
 
(kV-amperes)
 
               
OE
   
29,402
   
550
   
8,318,000
 
Penn
   
5,636
   
44
   
1,750,000
 
CEI
   
24,860
   
2,144
   
9,300,000
 
TE
   
1,622
   
223
   
3,691,000
 
JCP&L
   
18,493
   
2,106
   
21,154,000
 
Met-Ed
   
14,424
   
1,407
   
9,985,000
 
Penelec
   
19,740
   
2,690
   
14,238,000
 
ATSI*
   
--
   
5,814
   
22,681,000
 
                     
Total
   
114,177
   
14,978
   
91,117,000
 

 
*
Represents transmission lines of 69kv and above in service areas of OE, Penn, CEI and TE.

3



SIGNATURE



Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.









 
FIRSTENERGY CORP.
 
Registrant
   
 
THE CLEVELAND ELECTRIC
 
ILLUMINATING COMPANY
 
Registrant
   
 
THE TOLEDO EDISON COMPANY
 
Registrant

 
     
 
 
 
 
 
 
 
By:   /s/ Harvey L. Wagner
 
     Harvey L. Wagner
 
Vice President, Controller
and Chief Accounting Officer
 
 

Date: May 3, 2005
 
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