UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 10-Q

(Mark One)

þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2011

o 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.

333-21011	FIRSTENERGY CORP.	34-1843785
	(An Ohio Corporation)
	76 South Main Street
	Akron, OH 44308
	Telephone (800)736-3402

000-53742	FIRSTENERGY SOLUTIONS CORP.	31-1560186
	(An Ohio Corporation)
	c/o FirstEnergy Corp.
	76 South Main Street
	Akron, OH 44308
	Telephone (800)736-3402

1-2578	OHIO EDISON COMPANY	34-0437786
	(An Ohio Corporation)
	c/o FirstEnergy Corp.
	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

1-3141	JERSEY CENTRAL POWER & LIGHT COMPANY	21-0485010
	(A New Jersey Corporation)
	c/o FirstEnergy Corp.
	76 South Main Street
	Akron, OH 44308
	Telephone (800)736-3402

1-446	METROPOLITAN EDISON COMPANY	23-0870160
	(A Pennsylvania Corporation)
	c/o FirstEnergy Corp.
	76 South Main Street
	Akron, OH 44308
	Telephone (800)736-3402

1-3522	PENNSYLVANIA ELECTRIC COMPANY	25-0718085
	(A Pennsylvania Corporation)
	c/o FirstEnergy Corp.
	76 South Main Street
	Akron, OH 44308
	Telephone (800)736-3402

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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 þ No o		FirstEnergy Corp., FirstEnergy Solutions Corp., Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).



Yes þ No o		FirstEnergy Corp., FirstEnergy Solutions Corp., Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Jersey Central Power & Light Company, Metropolitan Edison Company, and Pennsylvania Electric Company

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.



Large Accelerated Filer þ	FirstEnergy Corp.

Accelerated Filer o	N/A

Non-accelerated Filer (Do not check if a smaller reporting company) þ	FirstEnergy Solutions Corp., Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company

Smaller Reporting Company o	N/A

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).



Yes o No þ		FirstEnergy Corp., FirstEnergy Solutions Corp., Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company

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



		OUTSTANDING
CLASS		AS OF OCTOBER 31, 2011
FirstEnergy Corp., $.10 par value		418,216,437
FirstEnergy Solutions Corp., no par value		7
Ohio Edison Company, no par value		60
The Cleveland Electric Illuminating Company, no par value		67,930,743
The Toledo Edison Company, $5 par value		29,402,054
Jersey Central Power & Light Company, $10 par value		13,628,447
Metropolitan Edison Company, no par value		740,905
Pennsylvania Electric Company, $20 par value		4,427,577

FirstEnergy Corp. is the sole holder of FirstEnergy Solutions Corp., Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company common stock.

This combined Form 10-Q is separately filed by FirstEnergy Corp., FirstEnergy Solutions Corp., Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric 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 any of the FirstEnergy subsidiary registrants is also attributed to FirstEnergy Corp.

FirstEnergy Web Site

Each of the registrants’ Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to those reports filed with or furnished to the SEC pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 are also made available free of charge on or through FirstEnergy’s Internet web site at www.firstenergycorp.com.

These reports are posted on the web site as soon as reasonably practicable after they are electronically filed with the SEC. Additionally, the registrants routinely post important information on FirstEnergy’s Internet web site and recognize FirstEnergy’s Internet web site as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under SEC Regulation FD. Information contained on FirstEnergy’s Internet web site shall not be deemed incorporated into, or to be part of, this report.

OMISSION OF CERTAIN INFORMATION

FirstEnergy Solutions Corp., Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company meet the conditions set forth in General Instruction H(1)(a) and (b) of Form 10-Q and are therefore filing this Form 10-Q with the reduced disclosure format specified in General Instruction H(2) to Form 10-Q.

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Forward-Looking Statements: This Form 10-Q 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 achievements 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.


•	The impact of the regulatory process on the pending matters in the various states in which we do business including, but not limited to, matters related to rates.


•	The status of the PATH project in light of PJM’s direction to suspend work on the project pending review of its planning process, its re-evaluation of the need for the project and the uncertainty of the timing and amounts of any related capital expenditures.


•	Business and regulatory impacts from ATSI’s realignment into PJM Interconnection, L.L.C.


•	Economic or weather conditions affecting future sales and margins.


•	Changes in markets for energy services.


•	Changing energy and commodity market prices and availability.


•	Financial derivative reforms that could increase our liquidity needs and collateral costs.


•	The continued ability of FirstEnergy’s regulated utilities to collect transition and other costs.


•	Operation and maintenance costs being higher than anticipated.

•

Other legislative and regulatory changes, and revised environmental requirements, including possible GHG emission, water intake and coal combustion residual regulations, the potential impacts of any laws, rules or regulations that ultimately replace CAIR, including CSAPR, and the effects of the EPA’s recently released MACT proposal to establish certain mercury and other emission standards for electric generating units.


•	The uncertainty of the timing and amounts of the capital expenditures that may arise in connection with any NSR litigation or potential regulatory initiatives or rulemakings (including that such expenditures could result in our decision to shut down or idle certain generating units).


•	Adverse regulatory or legal decisions and outcomes with respect to our nuclear operations (including, but not limited to the revocation or non-renewal of necessary licenses, approvals or operating permits by the NRC including as a result of the incident at Japan’s Fukushima Daiichi Nuclear Plant).


•	Issues that could delay the current outage at Davis-Besse for the installation of the new reactor vessel head, including indications of cracking in the plant's shield building currently under investigation.


•	Adverse legal decisions and outcomes related to Met-Ed’s and Penelec’s ability to recover certain transmission costs through their transmission service charge riders.


•	The continuing availability of generating units and changes in their ability to operate at or near full capacity.


•	Replacement power costs being higher than anticipated or inadequately hedged.


•	The ability to comply with applicable state and federal reliability standards and energy efficiency mandates.


•	Changes in customers’ demand for power, including but not limited to, changes resulting from the implementation of state and federal energy efficiency mandates.


•	The ability to accomplish or realize anticipated benefits from strategic goals.


•	FirstEnergy's ability to improve electric commodity margins and the impact of, among other factors, the increased cost of coal and coal transportation on such margins.


•	The ability to experience growth in the distribution business.


•	The changing market conditions that could affect the value of assets held in FirstEnergy’s nuclear decommissioning trusts, pension trusts and other trust funds, and cause FirstEnergy and its subsidiaries to make additional contributions sooner, or in amounts that are larger than currently anticipated.


•	The ability to access the public securities and other capital and credit markets in accordance with FirstEnergy’s financing plan, the cost of such capital and overall condition of the capital and credit markets affecting FirstEnergy and its subsidiaries.


•	Changes in general economic conditions affecting FirstEnergy and its subsidiaries.


•	Interest rates and any actions taken by credit rating agencies that could negatively affect FirstEnergy’s and its subsidiaries’ access to financing or their costs and increase requirements to post additional collateral to support outstanding commodity positions, LOCs and other financial guarantees.


•	The continuing uncertainty of the national and regional economy and its impact on FirstEnergy’s and its subsidiaries’ major industrial and commercial customers.


•	Issues concerning the soundness of financial institutions and counterparties with which FirstEnergy and its subsidiaries do business.

•

Issues arising from the recently completed merger of FirstEnergy and Allegheny Energy, Inc. and the ongoing coordination of their combined operations including FirstEnergy’s ability to maintain relationships with customers, employees and suppliers, as well as the ability to successfully integrate the businesses and realize cost savings and any other synergies and the risk that the credit ratings of the combined company or its subsidiaries may be different from what the companies expect.


•	The risks and other factors discussed from time to time in the registrants’ SEC filings, and other similar factors.

Dividends declared from time to time on FirstEnergy’s common stock during any annual period may in aggregate vary from the

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indicated amount due to circumstances considered by FirstEnergy’s Board of Directors at the time of the actual declarations. A security rating is not a recommendation to buy or hold securities and is subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating.

The foregoing review of factors should not be construed as exhaustive. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on the registrants’ 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. The registrants expressly disclaim any current intention to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

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	Page

Part I. Financial Information

Glossary of Terms	iii

Item 1. Financial Statements

FirstEnergy Corp.

Consolidated Statements of Income	1
Consolidated Statements of Comprehensive Income	2
Consolidated Balance Sheets	3
Consolidated Statements of Cash Flows	4

FirstEnergy Solutions Corp.
Consolidated Statements of Income and Comprehensive Income	5
Consolidated Balance Sheets	6
Consolidated Statements of Cash Flows	7

Ohio Edison Company
Consolidated Statements of Income and Comprehensive Income	8
Consolidated Balance Sheets	9
Consolidated Statements of Cash Flows	10

The Cleveland Electric Illuminating Company
Consolidated Statements of Income and Comprehensive Income	11
Consolidated Balance Sheets	12
Consolidated Statements of Cash Flows	13

The Toledo Edison Company
Consolidated Statements of Income and Comprehensive Income	14
Consolidated Balance Sheets	15
Consolidated Statements of Cash Flows	16

Jersey Central Power & Light Company

Consolidated Statements of Income and Comprehensive Income	17
Consolidated Balance Sheets	18
Consolidated Statements of Cash Flows	19

Metropolitan Edison Company
Consolidated Statements of Income and Comprehensive Income	20
Consolidated Balance Sheets	21
Consolidated Statements of Cash Flows	22

Pennsylvania Electric Company
Consolidated Statements of Income and Comprehensive Income	23

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TABLE OF CONTENTS (Continued)

	Page

Consolidated Balance Sheets	24
Consolidated Statements of Cash Flows	25

Combined Notes To Consolidated Financial Statements	26

Item 2. Management’s Discussion and Analysis of Registrant and Subsidiaries	87

Management’s Narrative Analysis of Results of Operations
FirstEnergy Solutions Corp.	137
Ohio Edison Company	141
The Cleveland Electric Illuminating Company	143
The Toledo Edison Company	145
Jersey Central Power & Light Company	147
Metropolitan Edison Company	149
Pennsylvania Electric Company	151

Item 3. Quantitative and Qualitative Disclosures About Market Risk	153

Item 4. Controls and Procedures — FirstEnergy	153

Part II. Other Information

Item 1. Legal Proceedings	153

Item 1A. Risk Factors	153

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	153

Item 5. Other Information	153

Item 6. Exhibits	154

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GLOSSARY OF TERMS

The following abbreviations and acronyms are used in this report to identify FirstEnergy Corp. and its current and former subsidiaries:



AE	Allegheny Energy, Inc., a Maryland utility holding company that merged with a subsidiary of FirstEnergy on February 25, 2011
AESC	Allegheny Energy Service Corporation, a subsidiary of AE
AE Supply	Allegheny Energy Supply Company LLC, an unregulated generation subsidiary of AE
AET	Allegheny Energy Transmission, LLC, a parent of TrAIL and PATH
AGC	Allegheny Generating Company, a generation subsidiary of AE
Allegheny	Allegheny Energy, Inc., together with its consolidated subsidiaries
AVE	Allegheny Ventures, Inc.
ATSI	American Transmission Systems, Incorporated, which owns and operates transmission facilities
CEI	The Cleveland Electric Illuminating Company, an Ohio electric utility operating subsidiary
FENOC	FirstEnergy Nuclear Operating Company, which operates nuclear generating facilities
FES	FirstEnergy Solutions Corp., which provides energy-related products and services
FESC	FirstEnergy Service Company, which provides legal, financial and other corporate support services
FEV	FirstEnergy Ventures Corp., which invests in certain unregulated enterprises and business ventures
FGCO	FirstEnergy Generation Corp., which owns and operates non-nuclear generating facilities
FirstEnergy	FirstEnergy Corp., a public utility holding company
Global Rail	A joint venture between FEV and WMB Loan Ventures II LLC, that owns coal transportation operations near Roundup, Montana
GPU	GPU, Inc., former parent of JCP&L, Met-Ed and Penelec, that merged with FirstEnergy on November 7, 2001
JCP&L	Jersey Central Power & Light Company, a New Jersey electric utility operating subsidiary
Merger Sub	Element Merger Sub, Inc., a Maryland corporation and a wholly owned subsidiary of FirstEnergy
Met-Ed	Metropolitan Edison Company, a Pennsylvania electric utility operating subsidiary
MP	Monongahela Power Company, a West Virginia electric utility operating subsidiary of AE
NGC	FirstEnergy Nuclear Generation Corp., which owns nuclear generating facilities
OE	Ohio Edison Company, an Ohio electric utility operating subsidiary
Ohio Companies	CEI, OE and TE
PATH	Potomac-Appalachian Transmission Highline LLC, a joint venture between Allegheny and a subsidiary of AEP
PATH-VA	PATH Allegheny Virginia Transmission Corporation
PE	The Potomac Edison Company, a Maryland electric operating subsidiary of AE
Penelec	Pennsylvania Electric Company, a Pennsylvania electric utility operating subsidiary
Penn	Pennsylvania Power Company, a Pennsylvania electric utility operating subsidiary of OE
Pennsylvania Companies	Met-Ed, Penelec, Penn and WP
PNBV	PNBV Capital Trust, a special purpose entity created by OE in 1996
Shippingport	Shippingport Capital Trust, a special purpose entity created by CEI and TE in 1997
Signal Peak	A joint venture between FEV, WMB Loan Ventures LLC and Gunvor Group, Ltd. that owns mining operations near Roundup, Montana
TE	The Toledo Edison Company, an Ohio electric utility operating subsidiary
TrAIL	Trans-Allegheny Interstate Line Company
Utilities	OE, CEI, TE, Penn, JCP&L, Met-Ed, Penelec, MP, PE and WP
Utility Registrants	OE, CEI, TE, JCP&L, Met-Ed and Penelec
WP	West Penn Power Company, a Pennsylvania electric utility operating subsidiary of AE

The following abbreviations and acronyms are used to identify frequently used terms in this report:
ALJ	Administrative Law Judge
Anker WV	Anker West Virginia Mining Company, Inc.
Anker Coal	Anker Coal Group, Inc.
AOCL	Accumulated Other Comprehensive Loss
AEP	American Electric Power Company, Inc.
AQC	Air Quality Control
ARO	Asset Retirement Obligation
ARR	Auction Revenue Rights

iii

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GLOSSARY OF TERMS, Continued

ASLB	Atomic Safety and Licensing Board
BGS	Basic Generation Service
BMP	Bruce Mansfield Plant
CAA	Clean Air Act
CAIR	Clean Air Interstate Rule
CAMR	Clean Air Mercury Rule
CATR	Clean Air Transport Rule
CBP	Competitive Bid Process
CCB	Coal Combustion By-products
CDWR	California Department of Water Resources
CERCLA	Comprehensive Environmental Response, Compensation, and Liability Act
CFL	Compact Florescent Light-bulb
CO₂	Carbon Dioxide
CSAPR	Cross-State Air Pollution Rule
CTC	Competitive Transition Charge
CWA	Clean Water Act
CWIP	Construction Work in Progress
DCPD	Deferred Compensation Plan for Outside Directors
DOE	United States Department of Energy
DOJ	United States Department of Justice
DPA	Department of the Public Advocate, Division of Rate Counsel (New Jersey)
DSP	Default Service Plan
EDC	Electric Distribution Company
EDCP	Executive Deferred Compensation Plan
EE&C	Energy Efficiency and Conservation
EGS	Electric Generation Supplier
EIS	Energy Insurance Services, Inc.
EMP	Energy Master Plan
ENEC	Expanded Net Energy Cost
EPA	United States Environmental Protection Agency
ERO	Electric Reliability Organization
ESOP	Employee Stock Ownership Plan
ESP	Electric Security Plan
FASB	Financial Accounting Standards Board
FERC	Federal Energy Regulatory Commission
Fitch	Fitch Ratings
FMB	First Mortgage Bond
FPA	Federal Power Act
FRR	Fixed Resource Requirement
FTRs	Financial Transmission Rights
GAAP	Accounting Principles Generally Accepted in the United States
GHG	Greenhouse Gases
ICG	International Coal Group inc.
IRS	Internal Revenue Service
JOA	Joint Operating Agreement
kV	Kilovolt
KWH	Kilowatt-hours
LBR	Little Blue Run
LED	Light-Emitting Diode
LiDAR	Light Detection and Ranging
LOC	Letter of Credit
LSE	Load Serving Entity

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GLOSSARY OF TERMS, Continued

LTIP	Long-Term Incentive Plan
MACT	Maximum Achievable Control Technology
MDE	Maryland Department of the Environment
MDPSC	Maryland Public Service Commission
MEIUG	Met-Ed Industrial Users Group
MISO	Midwest Independent Transmission System Operator, Inc.
Moody’s	Moody’s Investors Service, Inc.
MRO	Market Rate Offer
MSHA	Mine Safety and Health Administration
MTEP	MISO Regional Transmission Expansion Plan
MVP	Multi-value Project
MW	Megawatts
MWH	Megawatt-hours
NAAQS	National Ambient Air Quality Standards
NDT	Nuclear Decommissioning Trusts
NERC	North American Electric Reliability Corporation
NJBPU	New Jersey Board of Public Utilities
NNSR	Non-Attainment New Source Review
NOAC	Northwest Ohio Aggregation Coalition
NOPEC	Northeast Ohio Public Energy Council
NOV	Notice of Violation
NOx	Nitrogen Oxide
NPDES	National Pollutant Discharge Elimination System
NRC	Nuclear Regulatory Commission
NSR	New Source Review
NUG	Non-Utility Generation
NUGC	Non-Utility Generation Charge
NYPSC	New York State Public Service Commission
NYSEG	New York State Electric and Gas
OCA	Office of Consumer Advocate
OCC	Ohio Consumers’ Counsel
OCI	Other Comprehensive Income
OPEB	Other Post-Employment Benefits
OSBA	Office of Small Business Advocate
OVEC	Ohio Valley Electric Corporation
PAD	Pre-application Document
PA DEP	Pennsylvania Department of Environmental Protection
PCRB	Pollution Control Revenue Bond
PICA	Pennsylvania Intergovernmental Cooperation Authority
PJM	PJM Interconnection L. L. C.
POLR	Provider of Last Resort; an electric utility’s obligation to provide generation service to customers whose alternative supplier fails to deliver service
PPUC	Pennsylvania Public Utility Commission
PSA	Power Supply Agreement
PSD	Prevention of Significant Deterioration
PUCO	Public Utilities Commission of Ohio
PURPA	Public Utility Regulatory Policies Act of 1978
RECs	Renewable Energy Credits
RFC	ReliabilityFirst Corporation
RFP	Request for Proposal
RGGI	Regional Greenhouse Gas Initiative
Rider DCR	Delivery Capital Recovery Rider

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GLOSSARY OF TERMS, Continued

ROE	Return on Equity
RPM	Reliability Pricing Model
RTEP	Regional Transmission Expansion Plan
RTC	Regulatory Transition Charge
RTO	Regional Transmission Organization
S&P	Standard & Poor’s Ratings Service
SB221	Amended Substitute Senate Bill 221
SBC	Societal Benefits Charge
SEC	United States Securities and Exchange Commission
SECA	Seams Elimination Cost Adjustment
SIP	State Implementation Plan(s) Under the Clean Air Act
SMIP	Smart Meter Implementation Plan
SNCR	Selective Non-Catalytic Reduction
SO₂	Sulfur Dioxide
SOS	Standard Offer Service
SRECs	Solar Renewable Energy Credits
TBC	Transition Bond Charge
TDS	Total Dissolved Solid
TMDL	Total Maximum Daily Load
TMI-2	Three Mile Island Unit 2
TO	Transmission Owner
TSC	Transmission Service Charge
VIE	Variable Interest Entity
VSCC	Virginia State Corporation Commission
WVDEP	West Virginia Department of Environmental Protection
WVPSC	Public Service Commission of West Virginia

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FIRSTENERGY CORP.

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)



	Three Months Ended September 30						Nine Months Ended September 30
In millions, except per share amounts	2011			2010			2011			2010
REVENUES:
Electric utilities	$	3,041		$	2,757		$	7,966		$	7,673
Unregulated businesses	1,678			971			4,389			2,495
Total revenues*	4,719			3,728			12,355			10,168

OPERATING EXPENSES:
Fuel	632			400			1,720			1,084
Purchased power	1,349			1,319			3,755			3,620
Other operating expenses	1,024			738			3,130			2,112
Provision for depreciation	292			182			794			565
Amortization of regulatory assets	122			176			344			549
General taxes	269			206			748			587
Impairment of long-lived assets	9			292			41			294
Total operating expenses	3,697			3,313			10,532			8,811

OPERATING INCOME	1,022			415			1,823			1,357

OTHER INCOME (EXPENSE):
Investment income	48			46			100			93
Interest expense	(267		)	(208		)	(763		)	(628		)
Capitalized interest	17			41			55			122
Total other expense	(202		)	(121		)	(608		)	(413		)

INCOME BEFORE INCOME TAXES	820			294			1,215			944

INCOME TAXES	311			119			490			364

NET INCOME	509			175			725			580

Loss attributable to noncontrolling interest	(2		)	(4		)	(17		)	(19		)

EARNINGS AVAILABLE TO FIRSTENERGY CORP.	$	511		$	179		$	742		$	599

EARNINGS PER SHARE OF COMMON STOCK:
Basic	$	1.22		$	0.59		$	1.89		$	1.97
Diluted	$	1.22		$	0.59		$	1.88		$	1.96
AVERAGE SHARES OUTSTANDING:
Basic	418			304			392			304
Diluted	420			305			394			305
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK	$	1.10		$	1.10		$	1.65		$	1.65


*	Includes excise tax collections of $137 million and $120 million in the three months ended September 30, 2011 and 2010, respectively, and $371 million and $328 million in the nine months ended September 30, 2011 and 2010, respectively.

The accompanying Combined Notes to the Consolidated Financial Statements are an integral part of these financial statements.

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FIRSTENERGY CORP.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)



	Three Months Ended September 30						Nine Months Ended September 30
(In millions)	2011			2010			2011			2010

NET INCOME	$	509		$	175		$	725		$	580

OTHER COMPREHENSIVE INCOME (LOSS):
Pension and other postretirement benefits	15			17			145			47
Unrealized gain on derivative hedges	2			6			13			16
Change in unrealized gain on available-for-sale securities	(26		)	20			(7		)	32
Other comprehensive income (loss)	(9		)	43			151			95
Income taxes (benefits) on other comprehensive income (loss)	(6		)	14			48			30
Other comprehensive income (loss), net of tax	(3		)	29			103			65

COMPREHENSIVE INCOME	506			204			828			645
COMPREHENSIVE LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	(2		)	(4		)	(17		)	(19		)

COMPREHENSIVE INCOME AVAILABLE TO FIRSTENERGY CORP.	$	508		$	208		$	845		$	664

The accompanying Combined Notes to the Consolidated Financial Statements are an integral part of these financial statements.

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FIRSTENERGY CORP.

CONSOLIDATED BALANCE SHEETS

(Unaudited)



(In millions, except share amounts)	September 30, 2011			December 31, 2010
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	291		$	1,019
Receivables-
Customers, net of allowance for uncollectible accounts of $37 in 2011 and $36 in 2010	1,633			1,392
Other, net of allowance for uncollectible accounts of $9 in 2011 and $8 in 2010	247			176
Materials and supplies, at average cost	822			638
Prepaid taxes	214			199
Derivatives	195			182
Other	189			92
	3,591			3,698

ASSETS PENDING SALE (Note 15)	402			—

PROPERTY, PLANT AND EQUIPMENT:
In service	39,350			29,451
Less — Accumulated provision for depreciation	11,803			11,180
	27,547			18,271
Construction work in progress	1,720			1,517
	29,267			19,788
INVESTMENTS:
Nuclear plant decommissioning trusts	2,060			1,973
Investments in lease obligation bonds	414			476
Nuclear fuel disposal trust	218			208
Other	440			345
	3,132			3,002
DEFERRED CHARGES AND OTHER ASSETS:
Goodwill	6,448			5,575
Regulatory assets	2,160			1,826
Intangible assets	910			256
Other	751			660
	10,269			8,317
	$	46,661		$	34,805
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt	$	1,840		$	1,486
Short-term borrowings	—			700
Accounts payable	1,009			872
Accrued taxes	482			326
Accrued compensation and benefits	350			315
Derivatives	202			266
Other	980			733
	4,863			4,698

LIABILITIES RELATED TO ASSETS PENDING SALE (Note 15)	401			—

CAPITALIZATION:
Common stockholders’ equity-
Common stock, $0.10 par value, authorized 490,000,000 and 375,000,000 shares, respectively- 418,216,437 and 304,835,407 shares outstanding, respectively	42			31
Other paid-in capital	9,782			5,444
Accumulated other comprehensive loss	(1,436		)	(1,539		)
Retained earnings	4,658			4,609
Total common stockholders’ equity	13,046			8,545
Noncontrolling interest	(31		)	(32		)
Total equity	13,015			8,513
Long-term debt and other long-term obligations	15,823			12,579
	28,838			21,092
NONCURRENT LIABILITIES:
Accumulated deferred income taxes	5,315			2,879
Retirement benefits	2,045			1,868
Asset retirement obligations	1,473			1,407
Deferred gain on sale and leaseback transaction	934			959
Adverse power contract liability	665			466
Other	2,127			1,436
	12,559			9,015
COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 10)
	$	46,661		$	34,805

The accompanying Combined Notes to the Consolidated Financial Statements are an integral part of these financial statements.

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FIRSTENERGY CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)



	Nine Months Ended September 30
(In millions)	2011			2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$	725		$	580
Adjustments to reconcile net income to net cash from operating activities-
Provision for depreciation	794			565
Amortization of regulatory assets	344			549
Nuclear fuel and lease amortization	152			123
Deferred purchased power and other costs	(222		)	(192		)
Deferred income taxes and investment tax credits, net	636			259
Deferred rents and lease market valuation liability	(17		)	(21		)
Accrued compensation and retirement benefits	95			48
Commodity derivative transactions, net	(22		)	(40		)
Pension trust contributions	(375		)	—
Asset impairments	59			315
Cash collateral paid, net	(66		)	(54		)
Interest rate swap transactions	—			129
Gain on investment securities held in trusts	(56		)	(39		)
Decrease (increase) in operating assets-
Receivables	139			(172		)
Materials and supplies	62			(6		)
Prepayments and other current assets	(1		)	(4		)
Increase (decrease) in operating liabilities-
Accounts payable	(154		)	(16		)
Accrued taxes	20			(18		)
Accrued interest	67			63
Other	49			4
Net cash provided from operating activities	2,229			2,073
CASH FLOWS FROM FINANCING ACTIVITIES:
New Financing-
Long-term debt	603			251
Redemptions and Repayments-
Long-term debt	(1,581		)	(422		)
Short-term borrowings, net	(700		)	(171		)
Common stock dividend payments	(651		)	(503		)
Other	(73		)	(25		)
Net cash used for financing activities	(2,402		)	(870		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Property additions	(1,529		)	(1,467		)
Proceeds from asset sales	519			117
Sales of investment securities held in trusts	3,678			2,577
Purchases of investment securities held in trusts	(3,801		)	(2,610		)
Customer acquisition costs	(2		)	(110		)
Cash investments	51			56
Cash received in Allegheny merger	590			—
Other	(61		)	(8		)
Net cash used for investing activities	(555		)	(1,445		)
Net change in cash and cash equivalents	(728		)	(242		)
Cash and cash equivalents at beginning of period	1,019			874
Cash and cash equivalents at end of period	$	291		$	632

SUPPLEMENTAL CASH FLOW INFORMATION:
Non-cash transaction: merger with Allegheny, common stock issued	$	4,354		$	—

The accompanying Combined Notes to the Consolidated Financial Statements are an integral part of these financial statements.

Table of Contents

FIRSTENERGY SOLUTIONS CORP.

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(Unaudited)



	Three Months Ended September 30						Nine Months Ended September 30
(In millions)	2011			2010			2011			2010

STATEMENTS OF INCOME
REVENUES:
Electric sales to non-affiliates	$	1,251		$	951		$	3,348		$	2,348
Electric sales to affiliates	143			600			574			1,746
Other	73			38			229			209
Total revenues	1,467			1,589			4,151			4,303

OPERATING EXPENSES:
Fuel	386			391			1,045			1,062
Purchased power from affiliates	55			116			189			246
Purchased power from non-affiliates	328			446			954			1,206
Other operating expenses	405			308			1,315			916
Provision for depreciation	69			60			205			186
General taxes	31			22			91			71
Impairment of long-lived assets	2			292			22			294
Total operating expenses	1,276			1,635			3,821			3,981

OPERATING INCOME (LOSS)	191			(46		)	330			322

OTHER INCOME (EXPENSE):
Investment income	28			30			50			44
Miscellaneous income (expense)	9			3			17			10
Interest expense — affiliates	(2		)	(2		)	(5		)	(7		)
Interest expense — other	(51		)	(50		)	(156		)	(151		)
Capitalized interest	8			23			28			67
Total other income (expense)	(8		)	4			(66		)	(37		)
INCOME (LOSS) BEFORE INCOME TAXES	183			(42		)	264			285
INCOME TAXES (BENEFITS)	73			(5		)	98			108
NET INCOME (LOSS)	110			(37		)	166			177

OTHER COMPREHENSIVE INCOME (LOSS):
Pension and other postretirement benefits	1			1			4			(8		)
Unrealized gain (loss) on derivative hedges	(1		)	3			4			7
Change in unrealized gain on available-for-sale securities	(22		)	18			(7		)	29
Other comprehensive income (loss)	(22		)	22			1			28
Income taxes (benefits) on other comprehensive income (loss)	(9		)	8			(1		)	10
Other comprehensive income (loss), net of tax	(13		)	14			2			18
COMPREHENSIVE INCOME (LOSS)	$	97		$	(23	)	$	168		$	195

The accompanying Combined Notes to the Consolidated Financial Statements are an integral part of these financial statements.

Table of Contents

FIRSTENERGY SOLUTIONS CORP.

CONSOLIDATED BALANCE SHEETS

(Unaudited)



(In millions, except share amounts)	September 30, 2011			December 31, 2010
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	6		$	9
Receivables-
Customers, net of allowance for uncollectible accounts of $19 in 2011 and $17 in 2010	452			366
Affiliated companies	478			478
Other, net of allowances for uncollectible accounts of $3 in 2011 and $7 in 2010	61			90
Notes receivable from affiliated companies	340			397
Materials and supplies, at average cost	477			545
Derivatives	170			182
Prepayments and other	61			59
	2,045			2,126
PROPERTY, PLANT AND EQUIPMENT:
In service	11,440			11,321
Less — Accumulated provision for depreciation	4,314			4,024
	7,126			7,297
Construction work in progress	818			1,063
	7,944			8,360
INVESTMENTS:
Nuclear plant decommissioning trusts	1,187			1,146
Other	10			12
	1,197			1,158
DEFERRED CHARGES AND OTHER ASSETS:
Customer intangibles	126			134
Goodwill	24			24
Property taxes	41			41
Unamortized sale and leaseback costs	68			73
Derivatives	136			98
Other	83			48
	478			418
	$	11,664		$	12,062
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt	$	877		$	1,132
Short-term borrowings-
Affiliated companies	—			12
Accounts payable-
Affiliated companies	425			467
Other	170			241
Derivatives	175			266
Other	323			322
	1,970			2,440
CAPITALIZATION:
Common stockholder’s equity-
Common stock, without par value, authorized 750 shares- 7 shares outstanding	1,492			1,490
Accumulated other comprehensive loss	(118		)	(120		)
Retained earnings	2,584			2,418
Total common stockholder’s equity	3,958			3,788
Long-term debt and other long-term obligations	2,892			3,181
	6,850			6,969
NONCURRENT LIABILITIES:
Deferred gain on sale and leaseback transaction	934			959
Accumulated deferred income taxes	303			58
Asset retirement obligations	889			892
Retirement benefits	299			285
Lease market valuation liability	183			217
Derivatives	67			81
Other	169			161
	2,844			2,653
COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 10)
	$	11,664		$	12,062

The accompanying Combined Notes to the Consolidated Financial Statements are an integral part of these financial statements.

Table of Contents

FIRSTENERGY SOLUTIONS CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)



	Nine Months Ended September 30
(In millions)	2011			2010

CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$	166		$	177
Adjustments to reconcile net income to net cash from operating activities-
Provision for depreciation	205			186
Nuclear fuel and lease amortization	151			126
Deferred rents and lease market valuation liability	(37		)	(41		)
Deferred income taxes and investment tax credits, net	229			96
Asset impairments	40			315
Accrued compensation and retirement benefits	16			16
Gain on investment securities held in trusts	(48		)	(34		)
Commodity derivative transactions, net	(54		)	(40		)
Cash collateral paid, net	(81		)	(54		)
Decrease (increase) in operating assets-
Receivables	(34		)	(91		)
Materials and supplies	72			(15		)
Prepayments and other current assets	8			36
Increase (decrease) in operating liabilities-
Accounts payable	(113		)	(50		)
Accrued taxes	24			(8		)
Other	(7		)	5
Net cash provided from operating activities	537			624

CASH FLOWS FROM FINANCING ACTIVITIES:
New financing-
Long-term debt	247			250
Redemptions and repayments-
Long-term debt	(791		)	(296		)
Short-term borrowings, net	(12		)	—
Other	(10		)	(1		)
Net cash used for financing activities	(566		)	(47		)

CASH FLOWS FROM INVESTING ACTIVITIES:
Property additions	(473		)	(801		)
Proceeds from asset sales	519			117
Sales of investment securities held in trusts	1,613			1,478
Purchases of investment securities held in trusts	(1,654		)	(1,511		)
Loans to affiliated companies, net	57			303
Customer acquisition costs	(2		)	(110		)
Leasehold improvement payments to affiliated companies	—			(51		)
Other	(34		)	(2		)
Net cash provided from (used for) investing activities	26			(577		)

Net change in cash and cash equivalents	(3		)	—
Cash and cash equivalents at beginning of period	9			—
Cash and cash equivalents at end of period	$	6		$	—

The accompanying Combined Notes to the Consolidated Financial Statements are an integral part of these financial statements.

Table of Contents

OHIO EDISON COMPANY

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(Unaudited)



	Three Months Ended September 30						Nine Months Ended September 30
(In millions)	2011			2010			2011			2010

STATEMENTS OF INCOME
REVENUES:
Electric sales	$	441		$	457		$	1,165		$	1,352
Excise and gross receipts tax collections	29			30			82			82
Total revenues	470			487			1,247			1,434
OPERATING EXPENSES:
Purchased power from affiliates	57			137			220			425
Purchased power from non-affiliates	80			84			203			257
Other operating expenses	119			95			331			272
Provision for depreciation	23			22			67			66
Amortization of regulatory assets, net	46			10			49			48
General taxes	51			49			146			140
Total operating expenses	376			397			1,016			1,208

OPERATING INCOME	94			90			231			226

OTHER INCOME (EXPENSE):
Investment income	10			5			19			17
Miscellaneous income	1			2			1			2
Interest expense	(22		)	(22		)	(66		)	(66		)
Capitalized interest	—			—			1			1
Total other expense	(11		)	(15		)	(45		)	(46		)

INCOME BEFORE INCOME TAXES	83			75			186			180
INCOME TAXES	33			29			67			61

NET INCOME	50			46			119			119
OTHER COMPREHENSIVE INCOME:
Pension and other postretirement benefits	2			1			3			5
Change in unrealized gain on available-for-sale securities	(3		)	2			(1		)	3
Other comprehensive income	(1		)	3			2			8
Income taxes (benefits) on other comprehensive income	(1		)	1			(2		)	1
Other comprehensive income, net of tax	—			2			4			7
COMPREHENSIVE INCOME	$	50		$	48		$	123		$	126

The accompanying Combined Notes to the Consolidated Financial Statements are an integral part of these financial statements.

Table of Contents

OHIO EDISON COMPANY

CONSOLIDATED BALANCE SHEETS

(Unaudited)



(In millions, except share amounts)	September 30, 2011			December 31, 2010
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—		$	420
Receivables-
Customers, net of allowance for uncollectible accounts of $4 in 2011 and 2010	177			177
Affiliated companies	76			118
Other	30			12
Notes receivable from affiliated companies	180			17
Prepayments and other	36			7
	499			751
UTILITY PLANT:
In service	3,206			3,137
Less — Accumulated provision for depreciation	1,241			1,208
	1,965			1,929
Construction work in progress	78			45
	2,043			1,974
OTHER PROPERTY AND INVESTMENTS:
Investment in lease obligation bonds	178			190
Nuclear plant decommissioning trusts	136			127
Other	91			96
	405			413
DEFERRED CHARGES AND OTHER ASSETS:
Regulatory assets	343			400
Pension assets	66			29
Property taxes	71			71
Unamortized sale and leaseback costs	26			30
Other	16			18
	522			548
	$	3,469		$	3,686
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt	$	1		$	1
Short-term borrowings-
Affiliated companies	—			142
Other	—			1
Accounts payable-
Affiliated companies	100			99
Other	36			30
Accrued taxes	79			79
Accrued interest	25			25
Other	112			75
	353			452
CAPITALIZATION:
Common stockholder’s equity-
Common stock, without par value, authorized 175,000,000 shares – 60 shares outstanding	785			952
Accumulated other comprehensive loss	(175		)	(179		)
Retained earnings	160			141
Total common stockholder’s equity	770			914
Noncontrolling interest	6			6
Total equity	776			920
Long-term debt and other long-term obligations	1,146			1,152
	1,922			2,072
NONCURRENT LIABILITIES:
Accumulated deferred income taxes	751			696
Accumulated deferred investment tax credits	9			10
Retirement benefits	184			184
Asset retirement obligations	70			75
Other	180			197
	1,194			1,162
COMMITMENTS AND CONTINGENCIES (Note 10)
	$	3,469		$	3,686

The accompanying Combined Notes to the Consolidated Financial Statements are an integral part of these financial statements.

Table of Contents

OHIO EDISON COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)



	Nine Months Ended September 30
(In millions)	2011			2010

CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$	119		$	119
Adjustments to reconcile net income to net cash from operating activities-
Provision for depreciation	67			66
Amortization of regulatory assets, net	49			48
Purchased power cost recovery reconciliation	(9		)	4
Amortization of lease costs	28			28
Deferred income taxes and investment tax credits, net	67			8
Accrued compensation and retirement benefits	(10		)	(17		)
Cash collateral from suppliers, net	1			23
Pension trust contribution	(27		)	—
Decrease (increase) in operating assets-
Receivables	50			92
Prepayments and other current assets	(30		)	10
Decrease in operating liabilities-
Accounts payable	(23		)	(87		)
Accrued taxes	—			(26		)
Other	2			(7		)
Net cash provided from operating activities	284			261

CASH FLOWS FROM FINANCING ACTIVITIES:
Redemptions and Repayments-
Long-term debt	(1		)	(10		)
Short-term borrowings, net	(142		)	(46		)
Common stock dividend payments	(268		)	(250		)
Other	(2		)	—
Net cash used for financing activities	(413		)	(306		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Property additions	(123		)	(111		)
Leasehold improvement payments from affiliated companies	—			18
Sales of investment securities held in trusts	154			79
Purchases of investment securities held in trusts	(161		)	(84		)
Loans to affiliated companies, net	(163		)	102
Cash investments	12			12
Other	(10		)	(7		)
Net cash provided from (used for) investing activities	(291		)	9

Net change in cash and cash equivalents	(420		)	(36		)
Cash and cash equivalents at beginning of period	420			324
Cash and cash equivalents at end of period	$	—		$	288

The accompanying Combined Notes to the Consolidated Financial Statements are an integral part of these financial statements.

Table of Contents

THE CLEVELAND ELECTRIC ILLUMINATING COMPANY

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(Unaudited)



	Three Months Ended September 30						Nine Months Ended September 30
(In thousands)	2011			2010			2011			2010

STATEMENTS OF INCOME
REVENUES:
Electric sales	$	225,218		$	309,236		$	634,108		$	901,913
Excise tax collections	18,826			19,480			52,677			52,548
Total revenues	244,044			328,716			686,785			954,461
OPERATING EXPENSES:
Purchased power from affiliates	25,076			89,389			107,284			298,204
Purchased power from non-affiliates	27,303			35,151			68,622			105,200
Other operating expenses	40,330			36,441			106,991			96,613
Provision for depreciation	18,478			18,057			55,392			54,504
Amortization of regulatory assets, net	23,077			45,136			64,613			121,082
General taxes	40,952			39,878			118,118			107,207
Total operating expenses	175,216			264,052			521,020			782,810
OPERATING INCOME	68,828			64,664			165,765			171,651

OTHER INCOME (EXPENSE):
Investment income	5,669			6,604			17,903			20,756
Miscellaneous income	549			533			2,223			1,790
Interest expense	(32,240		)	(33,384		)	(97,453		)	(100,267		)
Capitalized interest	83			10			146			43
Total other expense	(25,939		)	(26,237		)	(77,181		)	(77,678		)

INCOME BEFORE INCOME TAXES	42,889			38,427			88,584			93,973

INCOME TAXES	16,282			13,479			26,927			33,107

NET INCOME	26,607			24,948			61,657			60,866

Income attributable to noncontrolling interest	309			366			984			1,151

EARNINGS AVAILABLE TO PARENT	$	26,298		$	24,582		$	60,673		$	59,715
STATEMENTS OF COMPREHENSIVE INCOME
NET INCOME	$	26,607		$	24,948		$	61,657		$	60,866
OTHER COMPREHENSIVE INCOME (LOSS):
Pension and other postretirement benefits	2,969			3,228			8,911			(16,129		)
Income taxes (benefits) on other comprehensive income	858			976			1,256			(6,325		)
Other comprehensive income (loss), net of tax	2,111			2,252			7,655			(9,804		)

COMPREHENSIVE INCOME	28,718			27,200			69,312			51,062

COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	309			366			984			1,151

COMPREHENSIVE INCOME AVAILABLE TO PARENT	$	28,409		$	26,834		$	68,328		$	49,911

The accompanying Combined Notes to the Consolidated Financial Statements are an integral part of these financial statements.

Table of Contents

THE CLEVELAND ELECTRIC ILLUMINATING COMPANY

CONSOLIDATED BALANCE SHEETS

(Unaudited)



(In thousands, except share amounts)	September 30, 2011			December 31, 2010
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	244		$	238
Receivables-
Customers, net of allowance for uncollectible accounts of $3,169 in 2011 and $4,589 in 2010	99,752			183,744
Affiliated companies	20,962			77,047
Other	7,077			11,544
Notes receivable from affiliated companies	110,999			23,236
Materials and supplies, at average cost	18,118			398
Prepayments and other	5,208			3,258
	262,360			299,465
UTILITY PLANT:
In service	2,434,038			2,396,893
Less — Accumulated provision for depreciation	950,395			932,246
	1,483,643			1,464,647
Construction work in progress	64,139			38,610
	1,547,782			1,503,257
OTHER PROPERTY AND INVESTMENTS:
Investment in lessor notes	286,814			340,029
Other	10,035			10,074
	296,849			350,103
DEFERRED CHARGES AND OTHER ASSETS:
Goodwill	1,688,521			1,688,521
Regulatory assets	290,556			370,403
Pension assets	15,240			—
Property taxes	80,614			80,614
Other	12,826			11,486
	2,087,757			2,151,024
	$	4,194,748		$	4,303,849
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt	$	202		$	161
Short-term borrowings from affiliated companies	23,303			105,996
Accounts payable-
Affiliated companies	24,236			32,020
Other	13,271			14,947
Accrued taxes	76,256			84,668
Accrued interest	39,253			18,555
Other	41,058			44,569
	217,579			300,916
CAPITALIZATION:
Common stockholder’s equity-
Common stock, without par value, authorized 105,000,000 shares - 67,930,743 shares outstanding	889,221			887,087
Accumulated other comprehensive loss	(145,532		)	(153,187		)
Retained earnings

CLEVELAND ELECTRIC ILLUMINATING CO 10-Q