FirstEnergy
Industry: Electric Utilities

FirstEnergy Corp. serves as the holding company for its principal electric utility operating subsidiaries: Ohio Edison Company, The Cleveland Electric Illuminating Company, Pennsylvania Power Company, The Toledo Edison Company, American Transmission Systems, Incorporated, Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company. FirstEnergy's consolidated revenues are primarily derived from electric service provided by its utility operating subsidiaries.

Business Summary
FirstEnergy Corp. (FirstEnergy) is a public utility holding company that provides regulated energy services. The Company has eight principal electric utility operating subsidiaries: Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Pennsylvania Power Company, American Transmission Systems, Inc., Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company. FirstEnergy's other principal subsidiaries are FirstEnergy Solutions Corp., FirstEnergy Facilities Services Group, LLC, MYR Group, Inc. and First Communications, LLC. In January 2004, FirstEnergy completed the sale of its international operations with the sales of its remaining interest in Avon Energy Partners Holdings on January 16, 2004, and its interest in Termobarranquilla S.A., Empresa de Servicios Publicos (TEBSA) on January 30, 2004. On June 23, 2004, FirstEnergy sold its interest in Great Lakes Energy Partners, LLC.

Financial Summary
FE is a holding company whose subsidiaries, Ohio Edison, The Illuminating Company, Pennsylvania Power and Toledo Edison, provide electric utility service to 11.1M customers in OH, NJ, and PA. For the 6 months ended 6/30/05, revenues fell 4% to $5.73B. Net income from cont. ops. fell 15% to $319.8M. Results reflect recognizing PJM purchase and sales transactions on a net hourly base and higher costs for fossil fuel, purchaed power, and nuclear refueling costs.