FE 2014 Savings Plan - 11K

 
 
UNITED STATES
 
 
 
 
SECURITIES AND EXCHANGE COMMISSION
 
 
 
 
Washington, D.C. 20549
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FORM 11-K
 
 
 
 
 
 
 
 
 
 
ANNUAL REPORT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pursuant to Section 15(d) of the
 
 
 
 
Securities Exchange Act of 1934
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Mark One)
 
 
 
 
 
 
 
 
 
 
 
{X}
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
 
 
 
ACT OF 1934
 
 
 
 
For the fiscal year ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
OR
 
 
 
 
 
 
 
 
{ }
 
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
 
 
 
 
EXCHANGE ACT OF 1934
 
 
 
 
For the transition period from _________ to __________.
 
 
 
 
 
 
 
 
 
 
Commission file number 333-21011
 
 
 
 
 
 
 
 
 
A.
Full title of the plan and the address of the plan, if different from that of the
 
 
 
 
issuer named below:
 
 
 
 
 
 
 
 
 
 
FIRSTENERGY CORP. SAVINGS PLAN
 
 
 
 
 
 
 
 
 
B.
Name of issuer of the securities held pursuant to the plan and the address
 
 
 
 
of its principal executive office:
 
 
 
 
 
 
 
 
 
 
FIRSTENERGY CORP.
 
 
 
 
76 SOUTH MAIN STREET
 
 
 
 
AKRON, OH 44308
 
 
 
 
 
 
 
 



FirstEnergy Corp. Savings Plan
Table of Contents
 
 
 
Page
 
 
 
 
Report of Independent Registered Public Accounting Firm
1-2
 
 
Financial Statements:
 
Statements of Net Assets Available for Benefits as of
 
December 31, 2014 and 2013
3
 
 
Statement of Changes in Net Assets Available for Benefits
 
for the Year Ended December 31, 2014
4
 
 
Notes to Financial Statements
5-12
 
 
Supplemental Schedules:
 
Schedule H, line 4i – Schedule of Assets (Held at End of Year)
 
as of December 31, 2014
13-20
Schedule H, line 4j - Schedule of Reportable Transactions
 
for the year ended December 31, 2014
21-22








Other schedules of additional financial information have been omitted as they are not applicable or are not required based on the disclosure requirements of the Employee Retirement Income Security Act of 1974 and applicable regulations issued by the United States Department of Labor.



Report of Independent Registered Public Accounting Firm


To the Participants and Savings Plan Committee of the
FirstEnergy Corp. Savings Plan
Akron, Ohio

We have audited the accompanying statements of net assets available for benefits of the FirstEnergy Corp. Savings Plan (the “Plan”) as of December 31, 2014 and 2013, and the related statement of changes in net assets available for benefits for the year ended December 31, 2014. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2014 and 2013, and the changes in net assets available for benefits for the year ended December 31, 2014, in conformity with accounting principles generally accepted in the United States of America.

The supplemental information in the accompanying Schedule of Assets (Held at End of Year) as of December 31, 2014 and Schedule of Reportable Transactions for the year ended December 31, 2014 have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but includes information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness


1

and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedules, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedules is fairly stated in all material respects in relation to the financial statements taken as a whole.





BOBER, MARKEY, FEDOROVICH & COMPANY
Akron, Ohio

June 26, 2015








2

FirstEnergy Corp. Savings Plan

Statements of Net Assets Available for Benefits
___________________________________________________________________________________________________________________________________________

 
 
As of December 31,
 
 
2014
 
2013
 Assets
 
 
 
 
 Investments, at fair value (see Note 5)
 
$
3,543,310,237

 
$
3,458,365,874

 
 
 
 
 
 Receivables:
 
 
 
 
    Accrued interest and dividends
 
1,305,221

 
1,349,479

    Notes receivable from participants
 
58,689,284

 
58,694,303

    Due from brokers
 
150,206

 
11,050

        Total receivables
 
60,144,711

 
60,054,832

    Total assets
 
3,603,454,948

 
3,518,420,706

 
 
 
 
 
 
 

 
 
 Liabilities
 
 
 
 
 Administrative expenses payable
 
1,213,080

 
1,425,089

 Due to brokers
 
320,911

 
155,197

    Total liabilities
 
1,533,991

 
1,580,286

 
 
 
 
 
 Net assets reflecting investments at fair value
 
3,601,920,957

 
3,516,840,420

 
 
 
 
 
 Adjustment from fair value to contract value for
 
 
 
 
     fully benefit-responsive investment contracts
 
(1,196,738
)
 
(1,949,400
)
 Net assets available for benefits
 
$
3,600,724,219

 
$
3,514,891,020
























The accompanying notes are an integral part of these financial statements.


3

FirstEnergy Corp. Savings Plan

Statement of Changes in Net Assets Available for Benefits
___________________________________________________________________________________________________________________________________

 
 
For the Year Ended
 
 
December 31,
 
 
2014
 
 
 
Additions:
 
 
Contributions
 
 
   Employer
 
$
26,558,887

   Participant
 
128,069,770

        Total contributions
 
154,628,657

 
 
 
Investment Income:
 
 
   Interest and dividends
 
56,919,566

   Net appreciation in fair value of investments (see Note 5)
 
205,401,120

        Total investment income
 
262,320,686

 
 
 
Interest income on notes receivable from participants
 
2,460,818

 
 
 
Deductions:
 
 
Distributions to participants
 
(329,786,763
)
Administrative expenses
 
(3,790,199
)
   Total deductions
 
(333,576,962
)
 
 
 
Increase in net assets available for benefits
 
85,833,199

 
 
 
Net assets available for benefits, beginning of year
 
3,514,891,020

 
 
 
Net assets available for benefits, end of year
 
$
3,600,724,219




















The accompanying notes are an integral part of these financial statements.


4





FirstEnergy Corp. Savings Plan

Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________

1.
Description of the Plan

The following brief description of the FirstEnergy Corp. Savings Plan (Plan) is provided for general information purposes only. Participants should refer to the Plan documents for more complete information.

General
The Plan is a defined contribution plan and was established to provide a systematic savings program for eligible employees and to supplement such savings with employer contributions. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA) and the Internal Revenue Code of 1986, as amended (IRC).

Administration
FirstEnergy Corp. (FirstEnergy) is the sponsor of the Plan. The FirstEnergy Savings Plan Committee is the administrator of the Plan and has responsibility for the day-to-day administration of the Plan. Plan assets are held in trust under an arrangement with State Street Bank & Trust Company (State Street). Record keeping with respect to individual participant accounts for the year ended December 31, 2014 was maintained by Fidelity.

Participation
Generally, all full-time and part-time employees of FirstEnergy and its subsidiaries not represented by a collective bargaining union are eligible to participate in the Plan. Full-time and part-time employees represented by a labor union may participate to the extent permitted by their respective collective bargaining agreement.

New employees who do not make an affirmative election to make (or not make) pre-tax contributions to the Plan are deemed to have made an election to contribute 3% of eligible earnings for each payroll period increasing by 1% each April until the contribution rate reaches the amount that will be subject to matching contributions. Certain union participants are automatically enrolled at 2%, Utility Workers Union of America (UWUA) Local 180 is without escalation and International Brotherhood of Electrical Workers (IBEW) Local 777 has an increase of 1% per year up to 4%. A new employee who has not made an affirmative election as to the investment of his or her account shall have his or her account invested in the age appropriate LifePath Portfolio Fund made available to Plan participants. A LifePath Portfolio Fund is an investment alternative that provides a mixture of fixed income and equity investments that are matched to an individual’s age and assumed retirement date.

Contributions
Subject to IRC limitations, the Plan allows each participant to contribute 1% to 75% (22% for participants represented by UWUA Local 180) of their eligible earnings to the Plan through payroll deductions. Participant contributions may be made as before-tax, after-tax or Roth 401(k) contributions (UWUA Local 180 and IBEW Local 777 are not eligible to elect Roth 401(k) contributions). During any calendar year in which a participant attains age 50 or older, he or she may elect to make additional pre-tax contributions and/or Roth contributions, called “catch-up” contributions to the Plan. In order to be eligible to make catch-up contributions, the participant must anticipate that his or her pre-tax contributions and/or Roth contributions to the Plan will reach the applicable annual IRC limit on that type of contribution.

FirstEnergy makes a matching contribution of 50% on the first 4% of compensation contributed by an employee, except for IBEW Local 777 and UWUA Local 180 participants who receive a matching contribution of 80% and 60%, respectively, on the first 4% of eligible contributions. Effective January 1, 2015, the matching contributions for employees, except for IBEW Local 777 and UWUA Local 180 participants, will be 50% on the first 6% of compensation contributed by the employee. All employer matching contributions are invested in FirstEnergy common stock, except for certain IBEW Local 777 and UWUA Local 180 participants whose matching contributions are invested in cash. Catch-up contributions are not eligible for matching contributions. The number of shares of FirstEnergy common stock contributed to each participant is based on the market price of FirstEnergy common stock as of the end of each pay period. FirstEnergy matching contributions are non-cash contributions made by issuing shares of common stock. Plan participants may diversify matching contributions held in FirstEnergy common stock at any time, subject to certain limitations.

Participant Accounts
Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s contributions, employer matching contributions and allocated Plan earnings. Participants are vested in the entire value of their account at all times.


5





FirstEnergy Corp. Savings Plan

Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________

Investments
Participants direct the investment of their contributions and account balances into various investment options including ten LifePath Funds that include a diversified mix of asset classes based on expected retirement dates, sixteen Plan investment options with different objectives covering a range of asset classes and risk levels and a self-managed brokerage account that offers participants the ability to invest in any security listed on the New York Stock Exchange (NYSE), the NYSE MKT LLC (formerly known as the American Stock Exchange or NYSE Amex LLC) or the NASDAQ and a wide range of mutual funds.

The Plan’s investment options include a fund of shares of FirstEnergy common stock, which together with a small portion of cash maintained for liquidity purposes, are recorded on a unit basis. FirstEnergy’s common shares are traded on the NYSE and participation units in the FirstEnergy Common Stock Fund are valued at the NYSE closing price on the last business day of the plan year. The valuation per share of FirstEnergy’s common stock was $38.99 and $32.98 at December 31, 2014 and 2013, respectively. The valuation per unit of the FirstEnergy Common Stock Fund was $47.66 and $40.43 at December 31, 2014 and 2013, respectively.

Notes Receivable from Participants
Participants may borrow up to 50% of their total account balance, excluding their Roth 401(k) balance, not exceeding $50,000 including loans outstanding and the highest unpaid loan balance over the previous 12 months. The interest rate for new loans is adjusted each quarter to the prime rate plus 1% based on the prime rate on approximately the 15th day of the last month of the preceding quarter. The range of interest rates on outstanding loan balances during the year ended December 31, 2014 was 4.25% to 11.50%. Participants may have up to two loans outstanding at one time. The minimum loan amount is $1,000 and must be repaid within 6 to 60 months. If the loan is for the purchase of a principal residence, the loan repayment period can be extended up to 30 years. Principal repayments and interest are credited to the participant’s account when made, generally through payroll deduction.

Payment of Benefits
Upon termination of service due to disability, retirement or any other reason, a participant may elect to receive the full value or a portion of his or her account, defer payment to a later date (not beyond age 70-1/2) or receive installment payments. In the event of a participant’s death, the participant’s spouse may elect to withdraw all or a portion of the former participant’s account or keep the funds in the Plan in accordance with provisions of the Plan, all other beneficiaries must withdraw or rollover the former participant's account within 180 days.

Subsequent Events
Management evaluates events and transactions occurring subsequent to the date of the financial statements that affect recognition or disclosure to the financial statements.


2.
Summary of Significant Accounting Policies

The accompanying financial statements have been prepared on the accrual basis of accounting. Benefits are recorded when paid. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results may differ from these estimates.

The Plan’s investments are stated at fair value. Fair value reflects the price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between willing market participants on the measurement date. See Note 5 for a discussion of fair value measurements. Contract value is the relevant measurement attribute for that portion of the net assets available for benefits of the Plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The Statements of Net Assets Available for Benefits present the fair value of the investment contracts as well as the adjustment of the fully benefit-responsive investment contracts from fair value to contract value. The Statement of Changes in Net Assets Available for Benefits is presented on a contract value basis.

Notes receivable from participants represent participant loans and are measured at their unpaid principal balance plus any accrued interest. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan document. Repayments of principal and interest are recognized in the period in which payroll deductions are processed.


6





FirstEnergy Corp. Savings Plan

Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________


Investment income consists of interest and dividend income. The net appreciation (depreciation) in the fair value of investments consists of realized gains or losses and unrealized appreciation (depreciation) on those investments. Dividend income is accrued on the ex-dividend date. Purchases and sales of securities are recorded on a trade-date basis. Realized gains and losses from security transactions are reported based on historical cost.

Expenses for the administration of the Plan are generally paid by the Plan.

Certain prior year amounts have been reclassified to conform to the current year presentation.

3.
Recent Accounting Pronouncements

In May 2015, the FASB issued Accounting Standards Update No. 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (ASU 2015-07). ASU 2015-07 removes the requirement to include investments in the fair value hierarchy for which fair value is measured using the net asset value per share as a practical expedient under ASC 820. ASU 2015-07 is effective for the Plan retrospectively for the year ending December 31, 2016 with early adoption permitted. Plan management is currently evaluating the impact of the pending adoption of ASU 2015-07 on the Plan's financial statements.

4.
Plan Termination

Although FirstEnergy has not expressed any intent to do so, it reserves the right to discontinue or terminate the Plan at any time. If the Plan were terminated, in whole or in part, participants would be entitled to withdraw the full value of their accounts, to the extent allowed by law.

5.
Investments and Fair Value Measurements

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the Statements of Net Assets Available for Benefits.

The Plan’s interest and dividend income and appreciation (depreciation) of investments (including gains and losses on investments purchased, sold and held during the year) for the year ended December 31, 2014 were as follows:

Interest and dividend income
 
$
56,919,566

 
 
 
Net appreciation (depreciation) in fair value of investments:
 


  Balanced funds
 
28,088,576

  Bond funds
 
82,112

  Domestic stocks
 
123,260,619

  FirstEnergy common stock
 
62,036,537

  International stocks
 
(10,734,425
)
  Other Investments
 
(1,514,260
)
  Self managed brokerage accounts
 
4,181,961

      Net appreciation
 
205,401,120

Total investment income
 
$
262,320,686




7





FirstEnergy Corp. Savings Plan

Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________

The following presents the fair value of investments that represented 5% or more of the Plan’s net assets as of December 31:

 
 
2014
 
2013
 
 
 
 
 
FirstEnergy Common Stock Fund
 
 
 
 
8,380,215 and 9,349,010 units, respectively
 
$
399,437,835

 
$
377,954,288

Capital Preservation Fund
 
 
 
 
580,081,490 and 659,640,025 units, respectively
 
$
581,277,126

 
$
661,629,243

SSgA S&P 500 Index Fund
 
 
 
 
1,066,866 shares in 2013
 
$
—

 
$
436,380,377

American Funds EuroPacific Growth Fund
 
 
 
 
3,373,398 and 4,349,602 shares, respectively
 
$
158,853,306

 
$
213,043,484

PIMCO Total Return Fund Institutional Class
 
 
 
 
19,100,951 and 21,715,428 shares, respectively
 
$
203,616,134

 
$
232,137,922

Russell 1000 Growth Fund
 
 
 
 
15,792,036 shares in 2013
 
$
—

 
$
316,530,828

BlackRock Equity Index Fund - M
 
 
 
 
53,110,973 shares in 2014
 
$
827,777,009

 
$
—


Authoritative accounting guidance establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy gives the highest priority to Level 1 measurements and the lowest priority to Level 3 measurements. The three levels of the fair value hierarchy are as follows:

Level 1
 
– Quoted prices for identical instruments in active markets.
 
 
 
Level 2
 
– Quoted prices for similar instruments in active markets;
 
 
– quoted prices for identical or similar instruments in markets that are not active; and
 
 
– model-derived valuations for which all significant inputs are observable market data.
 
 
 
 
 
Models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors and current market and contractual prices for the underlying instruments, as well as other relevant economic measures.
 
 
 
Level 3
 
– Valuation inputs are unobservable and significant to the fair value measurement.

The Plan did not hold any Level 3 investments as of December 31, 2014 or 2013 or during the year ended December 31, 2014.

There were no changes in valuation methodologies for assets measured at fair value during 2014.



8





FirstEnergy Corp. Savings Plan

Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________

The following tables set forth, by level within the fair value hierarchy, the fair value of the Plan’s investments as of December 31, 2014 and 2013:

 
 
December 31, 2014
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
Capital Preservation Fund
 
 
 
 
 
 
 
 
  Cash and cash equivalents
 
$
—

 
$
16,553,036

 
$
—

 
$
16,553,036

  Guaranteed investment contracts
 
—

 
564,724,090

 
—

 
564,724,090

Total Capital Preservation Fund
 
—

 
581,277,126

 
—

 
581,277,126

 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
 
—

 
786,683

 
—

 
786,683

 
 
 
 
 
 
 
 
 
Common Collective Trusts
 
 
 
 
 
 
 
 
  Balanced funds
 
—

 
553,206,803

 
—

 
553,206,803

  Domestic stocks
 
—

 
1,008,561,036

 
—

 
1,008,561,036

  International stocks
 
—

 
47,533,553

 
—

 
47,533,553

Total Common Collective Trusts
 
—

 
1,609,301,392

 
—

 
1,609,301,392

 
 
 
 
 
 
 
 
 
FirstEnergy Common Stock Fund
 
 
 
 
 
 
 
 
  FirstEnergy Common Stock
 
397,852,124

 
—

 
—

 
397,852,124

  Cash and Cash Equivalents
 
—

 
1,585,729

 
—

 
1,585,729

       Total FirstEnergy Common Stock Fund
 
397,852,124

 
1,585,729

 
—

 
399,437,853

 
 
 
 
 
 
 
 
 
Registered Investment Companies
 
 
 
 
 
 
 
 
  Balanced funds
 
120,634,742

 
—

 
—

 
120,634,742

  Bond funds
 
266,129,531

 
—

 
—

 
266,129,531

  Domestic stocks
 
254,814,532

 
—

 
—

 
254,814,532

  International stocks
 
212,690,563

 
—

 
—

 
212,690,563

  Global stocks
 
—

 
7,412,074

 
—

 
7,412,074

Total Registered Investment Companies
 
854,269,368

 
7,412,074

 
—

 
861,681,442

 
 
 
 
 
 
 
 
 
Self Managed Brokerage Accounts1
 
—

 
90,825,741

 
—

 
90,825,741

 
 
 
 
 
 
 
 
 
Total investments at fair value
 
$
1,252,121,492

 
$
2,291,188,745

 
$
—

 
$
3,543,310,237

 
 
 
 
 
 
 
 
 
1  The brokerage account investments are directed by participants.


9





FirstEnergy Corp. Savings Plan

Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________

 
 
December 31, 2013
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
Capital Preservation Fund
 
 
 
 
 
 
 
 
  Cash and cash equivalents
 
$
—

 
$
36,098,069

 
$
—

 
$
36,098,069

  Guaranteed investment contracts
 
—

 
625,531,174

 
—

 
625,531,174

Total Capital Preservation Fund
 
—

 
661,629,243

 
—

 
661,629,243

 
 
 
 
 
 
 
 
 
Cash and Cash Equivalents
 
—

 
494,708

 
—

 
494,708

 
 
 
 
 
 
 
 
 
Common Collective Trusts
 
 
 
 
 
 
 
 
  Balanced funds
 
—

 
446,051,253

 
—

 
446,051,253

  Domestic stocks
 
—

 
824,475,441

 
—

 
824,475,441

Total Common Collective Trusts
 
—

 
1,270,526,694

 
—

 
1,270,526,694

 
 

 

 

 

FirstEnergy Common Stock
 
 
 
 
 
 
 
 
  FirstEnergy Common Stock
 
375,402,908

 
—

 
—

 
375,402,908

  Cash and Cash Equivalents
 
—

 
2,551,380

 
—

 
2,551,380

       Total FirstEnergy Common Stock Fund
 
375,402,908

 
2,551,380

 
—

 
377,954,288

 
 
 
 
 
 
 
 

FirstEnergy MidCap Value Index Fund
 
 
 
 
 
 
 
 
  Cash and cash equivalents
 
—

 
1,189,015

 
—

 
1,189,015

  Domestic stocks
 
130,137,697

 
—

 
—

 
130,137,697

  Other
 
—

 
1,473,340

 
—

 
1,473,340

Total MidCap Value Index Fund
 
130,137,697

 
2,662,355

 
—

 
132,800,052

 
 

 

 

 

Registered Investment Companies
 
 
 
 
 
 
 
 
  Balanced funds
 
94,607,141

 
—

 
—

 
94,607,141

  Bond funds
 
242,937,628

 
—

 
—

 
242,937,628

  Domestic stocks
 
335,490,750

 
—

 
—

 
335,490,750

  International stocks
 
266,699,649

 
—

 
—

 
266,699,649

  Global stocks
 
4,820,197

 
—

 
—

 
4,820,197

Total Registered Investment Companies
 
944,555,365

 
—

 
—

 
944,555,365

 
 

 

 

 

Self Managed Brokerage Accounts1
 
—

 
70,405,524

 
—

 
70,405,524

 
 
 
 
 
 
 
 

Total investments at fair value
 
$
1,450,095,970

 
$
2,008,269,904

 
$
—

 
$
3,458,365,874

 
 

 

 

 

1  The brokerage account investments are directed by participants.



10





FirstEnergy Corp. Savings Plan

Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________

6.
Fully Benefit-Responsive Investment Contracts

The Plan has an interest in fully benefit-responsive guaranteed investment contracts and synthetic guaranteed investment contracts (GICs) as part of the Capital Preservation Fund, which is managed by PIMCO.

In accordance with authoritative guidance for defined contribution plans, investment contracts are generally measured at contract value rather than fair value to the extent they are fully benefit-responsive. Contract value represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses. Participants transact with their investment in the Capital Preservation Fund at contract value as determined by the insurers and banks. No valuation reserve in relation to the contract value was deemed necessary.

The fair value of the traditional GICs included in the Capital Preservation Fund is calculated under the discounted cash flow method using the interpolated swap rate applicable for each cash flow’s pay date. The fair value of the synthetic GICs represents the total fair value of the underlying assets plus the wrap value, which is calculated by using the discounted cash flows of the difference between the current wrap fee and the market indication wrap fee.

Certain events limit the ability of the Plan to transact with the issuer at contract value. These events include closings (location, subsidiary, division), layoffs, Plan termination, bankruptcy or reorganization, corporate merger, early retirement incentive programs or similar events. The Plan Administrator does not believe any such events, of the magnitude that would limit the Plan’s ability to transact at contract value, are probable. The GICs do not permit the issuers to terminate the contracts at an amount other than contract value.

The average yields of the contracts were 1.53% and 1.27% during the years ended December 31, 2014 and 2013, respectively. The crediting interest rates as of December 31, 2014 and 2013 were 1.47% and 1.45%, respectively. There are fixed crediting interest rates and variable crediting interest rates that reset on a monthly or quarterly basis. The investment contracts have no minimum credit rating.

7.
Tax Considerations

The Plan is exempt from federal, state and local income taxes. The Plan obtained its latest favorable determination letter on April 25, 2014, in which the Internal Revenue Service (IRS) stated that the Plan, as then designed, was in compliance with the applicable requirements of the IRC. The Plan has been amended since receiving the determination letter. However, the Plan Administrator and the Plan's tax counsel believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the IRC.

The federal, state and local income tax treatments of distributions from the Plan depend upon when they are made and their form. The withdrawal of the principal amount of a participant's after-tax contribution is not, however, subject to tax. For tax years beginning after December 31, 1986, the Tax Reform Act of 1986 requires that an additional tax of 10% be applied to participant withdrawals from the Plan prior to death, disability, attainment of age 59-1/2 or under certain other limited circumstances. In the case of withdrawal by a participant employed by FirstEnergy prior to the attainment of age 59-1/2, the excess of the value of the withdrawal over the total amount of the participant's after-tax contributions, is taxable at ordinary income tax rates. The value of FirstEnergy’s common stock withdrawn is considered to be its fair value on the date it is withdrawn.

In the case of a distribution that qualifies as a lump-sum distribution upon a participant's termination of employment with FirstEnergy or after attaining the age of 59-1/2, only the excess of the value of the lump sum distribution over the amount of the participant's after-tax contributions to the Plan (less withdrawals) is taxable at ordinary income tax rates. In determining the value of the lump-sum distribution, the FirstEnergy common stock distributed in-kind or in cash is measured at fair value on the date it is withdrawn.

The Plan is subject to audits by taxing jurisdictions. GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more than likely would not be sustained upon examination by taxing authorities. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2014 and 2013, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The IRS has completed their examination of the years ending December 31, 2006 through December 31, 2011 and has accepted the returns as filed.



11





FirstEnergy Corp. Savings Plan

Notes to Financial Statements
____________________________________________________________________________________________________________________________________________________

8.
Party-In-Interest Transactions

Certain Plan investments are shares of mutual funds managed by State Street Global Advisors. State Street, a related company, is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions.

PIMCO is the fund manager of the Capital Preservation Fund and invests in certain investments managed by PIMCO and therefore, these transactions qualify as party-in-interest transactions.

Certain Plan investments are shares of FirstEnergy common stock with sales and purchases of the stock commencing on an as-needed basis. The investments and transactions qualify as party-in-interest transactions.

Additionally, the Plan uses the services of other fund managers that are paid directly by the Plan.

All of the above transactions are exempt from the prohibited transaction rules of ERISA.

9.
Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits, investment income and interest income on notes receivable per the financial statements to Form 5500 as of December 31, 2014 and 2013, and for the year ended December 31, 2014:

 
2014
 
2013
 
 
 
 
Net assets available for benefits per the financial statements
$
3,600,724,219

 
$
3,514,891,020

Adjustment from contract value to fair value for fully-benefit
 
 
 
   responsive investment contracts
1,196,738

 
1,949,400

Net assets available for benefits per Form 5500
$
3,601,920,957

 
$
3,516,840,420

 
 
 
 
Total investment income and interest income on notes receivable
 
 
 
   from participants per the financial statements
$
264,781,504

 
 
Adjustment from contract value to fair value for fully-benefit
 
 
 
   responsive investment contracts
(752,662
)
 
 
Investment income per Form 5500
$
264,028,842

 
 




12






FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2014
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________

(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
 
Identity of issue, borrower, lessor or similar party
 
Description of investment, including maturity date, rate of interest, collateral, par or maturity value
 
Cost ($)
 
Current Value ($)
 
 
 
 
 
 
 
 
 
 
 
*
 
 STATE STREET STIF
 
 Money market fund
 
 **
 
786,683

*
 
 FIRSTENERGY COMMON STOCK FUND
 
 FirstEnergy common stock and cash
 equivalents
 
 **
 
399,437,853

 
 
 FIDELITY PURITAN FUND
 
 Balanced fund
 
 **
 
120,634,742

 
 
 BLACKROCK ACWI EX US - M
 
 International stocks
 
 **
 
47,533,553

 
 
 DFA US SMALL CAP VALUE PORTFOLIO
 
 Small cap value stocks
 
 **
 
135,425,168

 
 
 PIMCO REAL RETURN FUND INSTITUTIONAL
 CLASS
 
 Bonds
 
 **
 
13,033,748

 
 
 PIMCO TOTAL RETURN FUND INSTITUTIONAL
 CLASS
 
 Bonds
 
 **
 
203,616,134

 
 
 AMERICAN FUNDS EUROPACIFIC GROWTH
 FUND
 
 International stocks
 
 **
 
158,853,306

 
 
 BLACKROCK LIFEPATH INDEX RETIREMENT
 FUND J
 
 Blend of stocks, fixed income
 
 **
 
119,537,378

 
 
 BLACKROCK LIFEPATH INDEX 2020 FUND J
 
 Blend of stocks, fixed income
 
 **
 
133,135,737

 
 
 BLACKROCK LIFEPATH INDEX 2025 FUND J
 
 Blend of stocks, fixed income
 
 **
 
107,275,263

 
 
 BLACKROCK LIFEPATH INDEX 2030 FUND J
 
 Blend of stocks, fixed income
 
 **
 
73,492,044

 
 
 BLACKROCK LIFEPATH INDEX 2035 FUND J
 
 Blend of stocks, fixed income
 
 **
 
36,937,449

 
 
 BLACKROCK LIFEPATH INDEX 2040 FUND J
 
 Blend of stocks, fixed income
 
 **
 
23,519,292

 
 
 BLACKROCK LIFEPATH INDEX 2045 FUND J
 
 Blend of stocks, fixed income
 
 **
 
19,384,880

 
 
 BLACKROCK LIFEPATH INDEX 2050 FUND J
 
 Blend of stocks, fixed income
 
 **
 
23,794,132

 
 
 BLACKROCK LIFEPATH INDEX 2055 FUND J
 
 Blend of stocks, fixed income
 
 **
 
16,130,628

 
 
 DODGE & COX INTERNATIONAL FUND
 
 International stocks
 
 **
 
53,837,258

 
 
 JP MORGAN GLOBAL OPPORTUNITIES FUND
 
 Global Stocks
 
 **
 
7,412,074

 
 
 SELF MANAGED BROKERAGE ACCOUNTS
 
 Equities, fixed income
 
 **
 
90,825,741

 
 
 VANGAURD TOTAL BOND MARKET INDEX
 
 Bonds
 
 **
 
49,479,649

 
 
 PALISADE SMALL CAP GROWTH EQUITY
 
 Small cap growth stocks
 
 **
 
1,660,876

 
 
 MELLON MARKET COMPLETION INDEX
 
 Blend of large, mid cap and small cap
 stocks
 
 **
 
179,123,150

 
 
 GOLDMAN SACHS MID CAP VALUE - I
 
 Mid cap value stocks
 
 **
 
6,201,160

 
 
 BLACKROCK EQUITY INDEX FUND - M
 
 Large cap stocks
 
 **
 
827,777,009

*
 
 CAPITAL PRESERVATION FUND
 
 
 
 
 
 
 
 
 
 
 STATE STREET STIF
 
Money market fund
 
 **
 
16,553,036

 
 
 
 
ACE INA HOLDINGS SR UNSEC
 
Corporate Bond - 3.35, 2024
 
 **
 
3,554,875

 
 
 
 
AIG INC
 
Corporate Bond - 6.40, 2020
 
 **
 
3,588,233

 
 
 
 
ALTRIA GROUP INC CO GTD
 
Corporate Bond - 9.25, 2019
 
 **
 
465,153

 
 
 
 
ALTRIA GROUP INC GLBL CO GTD
 
Corporate Bond - 4.75, 2021
 
 **
 
2,782,497

 
 
 
 
AMERICAN EXPRESS BK FSB BKNT
 
Corporate Bond - 6.00, 2017
 
 **
 
1,354,498

 
 
 
 
AMGEN INC SR NT
 
Corporate Bond - 5.70, 2019
 
 **
 
3,430,325

 
 
 
 
 
 
 
 
 
 
 


13






FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2014
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________

(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
 
Identity of issue, borrower, lessor or similar party
 
Description of investment, including maturity date, rate of interest, collateral, par or maturity value
 
Cost
 
Current Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AMXCA 2014-3 A
 
Mortgage - 1.49, 2020
 
 **
 
2,404,776

 
 
 
 
AT&T INC NT
 
Corporate Bond - 5.80, 2019
 
 **
 
1,153,065

 
 
 
 
BACM 2006-4 A1A WM15 WC6.1267 VAR
 
Mortgage - 5.62, 2046
 
 **
 
2,786,461

 
 
 
 
BAIDU INC SR UNSEC
 
Corporate Bond - 2.75, 2019
 
 **
 
2,996,713

 
 
 
 
BANK OF AMERICA CORP SR NT
 
Corporate Bond - 5.63, 2020
 
 **
 
8,124,976

 
 
 
 
BEAR STEARNS CO INC GLBL SR UNSEC
 
Corporate Bond - 7.25, 2018
 
 **
 
822,958

 
 
 
 
BK TOKYO-MITSUBISHI UFJ UNSEC 144A
 
Corporate Bond - 2.35, 2019
 
 **
 
2,499,729

 
 
 
 
BNP PARIBAS GLBL SR UNSEC BKNT
 
Corporate Bond - 5.00, 2021
 
 **
 
4,023,352

 
 
 
 
BP CAPITAL MARKETS PLC CO GTD
 
Corporate Bond - 4.74, 2021
 
 **
 
2,201,340

 
 
 
 
BP CAPITAL MARKETS PLC CO GTD SR UNSEC
 
Corporate Bond - 3.56, 2021
 
 **
 
236,351

 
 
 
 
BP CAPITAL MARKETS PLC UNSEC
 
Corporate Bond - 2.52, 2020
 
 **
 
1,376,604

 
 
 
 
BPCE SA SR UNSEC
 
Corporate Bond - 4.00, 2024
 
 **
 
3,686,897

 
 
 
 
CASH COLLATERAL CME SAL USD
 
Cash Equivalent - 0.03, 2060
 
 **
 
454,006

 
 
 
 
CASH COLLATERAL ISDA CBK USD
 
Cash Equivalent - 0.12, 2060
 
 **
 
108,008

 
 
 
 
CCCIT 2014-A3 A3 1MLIB+20BP
 
Cash Equivalent - 0.36, 2018
 
 **
 
2,251,024

 
 
 
 
CGCMT 2013-GC11 AAB
 
Mortgage - 2.69, 2046
 
 **
 
803,883

 
 
 
 
CHAIT 2014-A7 A
 
Mortgage - 1.38, 2019
 
 **
 
2,193,635

 
 
 
 
CHEVRON CORP UNSEC FRN
 
Corporate Bond - 0.64, 2019
 
 **
 
1,855,885

 
 
 
 
CITIGROUP INC GLBL SR NT
 
Corporate Bond - 8.50, 2019
 
 **
 
1,567,551

 
 
 
 
CNOOC FINANCE 2014 ULC GLBL CO GTD
 
Corporate Bond - 1.63, 2017
 
 **
 
3,219,618

 
 
 
 
COMCAST CORP CO GTD
 
Corporate Bond - 5.15, 2020
 
 **
 
2,866,221

 
 
 
 
COMCAST CORP GLBL CO GTD
 
Corporate Bond - 6.50, 2017
 
 **
 
563,431

 
 
 
 
COMM 2013-CR11 ASB WM23 WC5.205219817
 
Mortgage - 3.66, 2046
 
 **
 
1,477,105

 
 
 
 
COMM 2014-CR19 ASB WM14
 
Mortgage - 3.50, 2047
 
 **
 
1,879,417

 
 
 
 
COMM 2014-UBS6 ASB WM14
 
Mortgage - 3.39, 2047
 
 **
 
1,866,629

 
 
 
 
COMPASS BANK SR UNSEC
 
Corporate Bond - 2.75, 2019
 
 **
 
1,913,861

 
 
 
 
CORPBANCA 144A SR UNSEC
 
Corporate Bond - 3.88, 2019
 
 **
 
1,518,765

 
 
 
 
CREDIT SUISSE NEW YORK SR UNSEC
 
Corporate Bond - 3.00, 2021
 
 **
 
2,001,339

 
 
 
 
CREDIT SUISSE NEW YORK SR UNSEC
 
Corporate Bond - 2.30, 2019
 
 **
 
350,307

 
 
 
 
DISCOVER FINANCIAL SVS SR UNSEC
 
Corporate Bond - 3.20, 2021
 
 **
 
3,045,648

 
 
 
 
ENTERPRISE PRODUCTS OPER CO GTD
 
Corporate Bond - 5.20, 2020
 
 **
 
4,468,161

 
 
 
 
FED HOME LN MTGE GLBL NT (7MMM)
 
Corporate Bond - 2.38, 2022
 
 **
 
24,866,697

 
 
 
 
FHA 221D4 P4/02 GREY 54 NCP
 
Cash Equivalent - 7.43, 2023
 
 **
 
303

 
 
 
 
FHR 2666 OD PAC WM23 WC5.84
 
Mortgage - 5.50, 2023
 
 **
 
1,291,309

 
 
 
 
FHR 2684 PE WM32 WC5.4284
 
Cash Equivalent - 5.00, 2033
 
 **
 
216,512

 
 
 
 
FHR 2739 PG PAC WM33 WC5.552
 
Mortgage - 5.00, 2034
 
 **
 
1,780,405



14






FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2014
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________

(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
 
Identity of issue, borrower, lessor or similar party
 
Description of investment, including maturity date, rate of interest, collateral, par or maturity value
 
Cost
 
Current Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FHR 2764 UE WM32 WC5.4879
 
Cash Equivalent - 5.00, 2032
 
 **
 
823,058

 
 
 
 
FHR 2950 FN 1MLIB+45
 
Cash Equivalent - 0.61, 2035
 
 **
 
429,260

 
 
 
 
FHR 3185 GT SEQ WM26 WC6.43
 
Mortgage - 6.00, 2026
 
 **
 
404,350

 
 
 
 
FHR 3225 HF 1MLIB+51BP
 
Cash Equivalent - 0.67, 2036
 
 **
 
566,148

 
 
 
 
FHR 3311 FN 1MLIB+30BP
 
Cash Equivalent - 0.46, 2037
 
 **
 
197,425

 
 
 
 
FHR 3318 FL 1MLIB+40
 
Cash Equivalent - 0.56, 2037
 
 **
 
469,615

 
 
 
 
FHR 3339 FL 1MLIB+58
 
Cash Equivalent - 0.74, 2037
 
 **
 
380,557

 
 
 
 
FHR 3355 BF 1MLIB+70
 
Cash Equivalent - 0.86, 2037
 
 **
 
557,746

 
 
 
 
FHR 3368 AF 1MLIB+72
 
Cash Equivalent - 0.88, 2037
 
 **
 
69,658

 
 
 
 
FHR 3666 FC 1MLIB+73
 
Cash Equivalent - 0.89, 2040
 
 **
 
283,382

 
 
 
 
FHR 3699 FD VA 1MLIB+60
 
Cash Equivalent - 0.76, 2040
 
 **
 
666,532

 
 
 
 
FHR 3740 DF 1MLIB+48
 
Cash Equivalent - 0.64, 2040
 
 **
 
226,103

 
 
 
 
FHR 3743 FA 1MLIB+60
 
Cash Equivalent - 0.76, 2040
 
 **
 
1,589,278

 
 
 
 
FHR 3747 WF VA 1MLIB+48
 
Cash Equivalent - 0.64, 2040
 
 **
 
1,908,855

 
 
 
 
FHR 3751 FG 1MLIB+50
 
Cash Equivalent - 0.66, 2050
 
 **
 
211,951

 
 
 
 
FHR 3977 FB 1MLIB+52BP
 
Cash Equivalent - 0.68, 2041
 
 **
 
3,659,477

 
 
 
 
FHR 3984 DF 1M LIBOR +55BP
 
Cash Equivalent - 0.71, 2042
 
 **
 
2,063,565

 
 
 
 
FNMA TBA 3.0% JAN 30YR
 
Mortgage - 3.00, 2045
 
 **
 
147,148

 
 
 
 
FNR 2005-109 PV WM32 WC6.509500
 
Mortgage - 6.00, 2032
 
 **
 
28,879

 
 
 
 
FNR 2005-13 FA 1MLIB+45
 
Cash Equivalent - 0.62, 2035
 
 **
 
1,408,408

 
 
 
 
FNR 2005-29 JB WM33 WC7.0709
 
Mortgage - 4.50, 2035
 
 **
 
8,544

 
 
 
 
FNR 2005-68 PC WM34 WC6.55
 
Mortgage - 5.50, 2023
 
 **
 
14,616

 
 
 
 
FNR 2006-129 FM 1MLIB+25
 
Cash Equivalent - 0.42, 2037
 
 **
 
337,610

 
 
 
 
FNR 2007-109 GF 1MLIB+68
 
Cash Equivalent - 0.85, 2037
 
 **
 
1,192,732

 
 
 
 
FNR 2007-25 FB 1MLIB+33BP
 
Cash Equivalent - 0.50, 2037
 
 **
 
271,514

 
 
 
 
FNR 2007-27 FA 1MLIB+31BP
 
Cash Equivalent - 0.48, 2037
 
 **
 
87,690

 
 
 
 
FNR 2007-38 FC 1MLIB+42
 
Cash Equivalent - 0.59, 2037
 
 **
 
340,944

 
 
 
 
FNR 2007-70 FA 1MLIB+35BP
 
Cash Equivalent - 0.52, 2037
 
 **
 
203,922

 
 
 
 
FNR 2008-12 FA 1MLIB+67BP FRN
 
Cash Equivalent - 0.84, 2038
 
 **
 
1,012,898

 
 
 
 
FNR 2010-111 FC 1MLIB+52
 
Cash Equivalent - 0.69, 2040
 
 **
 
316,942

 
 
 
 
FNR 2010-115 FM 1MLIB+50
 
Cash Equivalent - 0.67, 2040
 
 **
 
414,314

 
 
 
 
FNR 2010-117 FE 1MLIB+40BP
 
Cash Equivalent - 0.57, 2040
 
 **
 
253,782

 
 
 
 
FNR 2010-129 FM 1MLIB+50
 
Cash Equivalent - 0.67, 2040
 
 **
 
542,630

 
 
 
 
FNR 2010-135 LF 1MLIB+45
 
Cash Equivalent - 0.62, 2040
 
 **
 
479,639

 
 
 
 
FNR 2010-141 FB 1MLIB+47
 
Cash Equivalent - 0.64, 2040
 
 **
 
335,149

 
 
 
 
FNR 2010-2 GF 1MLIB+55BP
 
Cash Equivalent - 0.72. 2049
 
 **
 
1,059,370

 
 
 
 
FNR 2011-3 FA 1MLIB+68
 
Cash Equivalent - 0.85, 2041
 
 **
 
1,444,200



15






FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2014
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________

(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
 
Identity of issue, borrower, lessor or similar party
 
Description of investment, including maturity date, rate of interest, collateral, par or maturity value
 
Cost
 
Current Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FNR 2011-86 KF 1MLIB+55
 
Cash Equivalent - 0.72, 2041
 
 **
 
818,859

 
 
 
 
FNR 2011-86 NF 1MLIB+55
 
Cash Equivalent - 0.72, 2041
 
 **
 
1,676,743

 
 
 
 
FNR 2011-87 FJ 1MLIB+55BP
 
Cash Equivalent - 0.72, 2042
 
 **
 
3,125,560

 
 
 
 
FNR 2012-141 FA 1MLIB+30BP
 
Cash Equivalent - 0.47, 2042
 
 **
 
1,705,725

 
 
 
 
FNR 2013-39 FA 1MLIB+35BP
 
Cash Equivalent - 0.52, 2043
 
 **
 
1,964,864

 
 
 
 
FORD MOTOR CREDIT CO LLC SR UNSEC
 
Corporate Bond - 5.00, 2018
 
 **
 
4,914,490

 
 
 
 
FOREST LABORATORIES INC SR UNSEC 144A
 
Corporate Bond - 4.38, 2019
 
 **
 
3,212,431

 
 
 
 
GCCFC 2007-GG9 A2 SEQ WM15 WC5.79
 
Cash Equivalent - 5.38, 2039
 
 **
 
224,734

 
 
 
 
GECC GLBL NT
 
Corporate Bond - 4.63, 2021
 
 **
 
2,831,411

 
 
 
 
GNR 2012-149 GF 1MLIB+30BP
 
Cash Equivalent - 0.47, 2042
 
 **
 
6,200,733

 
 
 
 
GOLDCORP INC GLBL SR UNSEC
 
Corporate Bond - 3.63, 2021
 
 **
 
3,014,010

 
 
 
 
GOLDMAN SACHS GROUP INC GLBL SR NT
 
Corporate Bond - 7.50, 2019
 
 **
 
2,665,189

 
 
 
 
GOLDMAN SACHS GROUP INC GLBL SR UNSEC
 
Corporate Bond - 5.25, 2021
 
 **
 
2,865,473

 
 
 
 
GOLDMAN SACHS GROUP INC SR NT
 
Corporate Bond - 5.38, 2020
 
 **
 
1,784,710

 
 
 
 
HUTCHISON WHAMPOA UNSEC 144A
 
Corporate Bond - 1.63, 2017
 
 **
 
2,088,390

 
 
 
 
INTESA SANPAOLO SPA SR UNSEC
 
Corporate Bond - 2.38, 2017
 
 **
 
1,678,758

 
 
 
 
INTESA SANPAOLO SPA UNSEC
 
Corporate Bond - 3.88, 2018
 
 **
 
1,582,629

 
 
 
 
IRS USD 3.750 06/18/14-30Y CME
 
Interest Rate Swap - 3.75, 2044
 
 **
 
(704,607
)
 
 
 
 
JPMBB 2013-C17 ASB WM23 WC4.9082
 
Mortgage - 3.71, 2047
 
 **
 
1,490,492

 
 
 
 
JPMBB 2014-C22 ASB WM24 WC4.580566404
 
Mortgage - 3.50, 2047
 
 **
 
1,837,799

 
 
 
 
JPMCC 2005-CB13 A3A1
 
Cash Equivalent - 5.24, 2043
 
 **
 
1,354,194

 
 
 
 
JPMORGAN CHASE & CO
 
Corporate - 2.35, 2019
 
 **
 
2,029,734

 
 
 
 
JPMORGAN CHASE & CO SR UNSEC
 
Corporate - 4.25, 2020
 
 **
 
3,318,021

 
 
 
 
JPMORGAN CHASE BANK NA SR UNSEC FRN
 
Cash Equivalent - 0.65, 2017
 
 **
 
1,494,293

 
 
 
 
KINDER MORGAN ENER PART
 
Corporate Bond - 3.95, 2022
 
 **
 
2,005,805

 
 
 
 
KINDER MORGAN ENER PART NT
 
Corporate Bond - 6.00, 2017
 
 **
 
549,608

 
 
 
 
KINDER MORGAN ENER PARTNERS LP SR UNSEC
 
Corporate Bond - 3.50, 2021
 
 **
 
1,490,687

 
 
 
 
LACLEDE GROUP INC SR UNSEC
 
Corporate Bond - 0.98, 2017
 
 **
 
2,402,456

 
 
 
 
MANUF & TRADERS TRUST CO SR UNSEC
 
Corporate Bond - 2.25, 2019
 
 **
 
4,375,446

 
 
 
 
MEDTRONIC INC SR UNSEC 144A
 
Corporate Bond - 3.15, 2022
 
 **
 
1,168,002

 
 
 
 
MEXICO LA SP GST
 
Credit Default Swap - 1.00, 2019
 
 **
 
7,024

 
 
 
 
MOODY'S CORPORATION SR UNSEC
 
Corporate Bond - 4.88, 2024
 
 **
 
3,349,236

 
 
 
 
MORGAN STANLEY
 
Corporate Bond - 5.50, 2020
 
 **
 
2,294,592

 
 
 
 
MORGAN STANLEY NT
 
Corporate Bond - 5.50, 2020
 
 **
 
4,689,840

 
 
 
 
MSBAM 2013-C13 ASB WM23 WC4.922172434
 
Mortgage - 3.56, 2046
 
 **
 
1,155,854

 
 
 
 
MSBAM 2014-C18 A2 WM14
 
Mortgage - 3.19, 2047
 
 **
 
2,244,506



16






FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2014
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________

(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
 
Identity of issue, borrower, lessor or similar party
 
Description of investment, including maturity date, rate of interest, collateral, par or maturity value
 
Cost
 
Current Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MYLAN INC SR UNSEC
 
Corporate Bond - 2.55, 2019
 
 **
 
3,512,061

 
 
 
 
NA DEVELOPMENT BANK GLBL SR UNSECURED
 
Corporate Bond - 4.38, 2020
 
 **
 
5,326,865

 
 
 
 
PROLOGIS LP SR UNSEC
 
Corporate Bond - 4.00, 2018
 
 **
 
1,493,099

 
 
 
 
RABOBANK NEDERLAND UTREC
 
Corporate Bond - 3.88, 2022
 
 **
 
3,768,767

 
 
 
 
ROGERS COMMUNICATIONS CO GTD
 
Corporate Bond - 6.80, 2018
 
 **
 
2,582,894

 
 
 
 
SBA TOWER TRUST NT SEC 144A 1A C
 
Corporate Bond - 2.90, 2044
 
 **
 
2,213,040

 
 
 
 
SINOPEC GRP OVERSEA 2014
 
Corporate Bond - 2.75, 2019
 
 **
 
3,008,248

 
 
 
 
SKY PLC SR UNSEC 144A
 
Corporate Bond - 2.63, 2019
 
 **
 
1,359,614

 
 
 
 
SLMA 2004-9 A5 3MLIB+15 BP FRN
 
Cash Equivalent - 0.38, 2020
 
 **
 
2,800,889

 
 
 
 
SLMA 2005-3 A4 3MLIB+7
 
Cash Equivalent - 0.30, 2020
 
 **
 
350,322

 
 
 
 
SLMA 2005-8 A4 3MLIB+75
 
Cash Equivalent - 0.98, 2028
 
 **
 
223,768

 
 
 
 
SOUTHWEST AIRLINES CO SR UNSEC
 
Corporate Bond - 2.75, 2019
 
 **
 
907,934

*
 
 
 
STATE STREET STIF
 
Cash Equivalent - 0.00, 2015
 
 **
 
522,042

 
 
 
 
TIAA ASSET MGMT FIN LLC SR UNSEC 144A
 
Corporate Bond - 2.95, 2019
 
 **
 
1,510,115

 
 
 
 
TYSON FOODS INC SR UNSEC
 
Corporate Bond - 2.65, 2019
 
 **
 
1,068,849

 
 
 
 
U S TREASURY BILLS
 
Cash Equivalent - 0.00, 2015
 
 **
 
71,382,650

 
 
 
 
U S TREASURY BILLS
 
Cash Equivalent - 0.00, 2015
 
 **
 
77,000

 
 
 
 
U S TREASURY BILLS
 
Cash Equivalent - 0.00, 2015
 
 **
 
522,999

 
 
 
 
U S TREASURY INFLATE PROT BD
 
US Treasury - 0.38, 2023
 
 **
 
6,978,396

 
 
 
 
U S TREASURY INFLATE PROT BD
 
US Treasury - 0.13, 2018
 
 **
 
21,501,722

 
 
 
 
U S TREASURY NOTE
 
US Treasury - 1.63, 2019
 
 **
 
5,013,056

 
 
 
 
U S TREASURY NOTE
 
US Treasury - 1.00, 2019
 
 **
 
5,338,569

 
 
 
 
U S TREASURY NOTE
 
US Treasury - 0.88, 2017
 
 **
 
6,980,368

 
 
 
 
U S TREASURY NOTE
 
US Treasury - 0.88, 2017
 
 **
 
159,902

 
 
 
 
U S TREASURY NOTE
 
US Treasury - 1.00, 2017
 
 **
 
78,220,518

 
 
 
 
U S TREASURY NOTE
 
US Treasury - 0.50, 2016
 
 **
 
65,059,901

 
 
 
 
U S TREASURY NOTE
 
US Treasury - 0.63, 2017
 
 **
 
13,990,487

 
 
 
 
U S TREASURY REPO
 
Cash Equivalent - 0.14, 2015
 
 **
 
25,100,072

 
 
 
 
U S TREASURY REPO
 
Cash Equivalent - 0.15, 2015
 
 **
 
500,002

 
 
 
 
UBS AG STAMFORD CT SR UNSEC
 
Corporate Bond - 2.38, 2019
 
 **
 
3,525,422

 
 
 
 
UBSBB 2013-C5 AAB WM22 WC4.120420506
 
Mortgage - 2.69, 2046
 
 **
 
1,204,598

 
 
 
 
VERIZON COMMUNICATIONS SR UNSEC
 
Corporate Bond - 4.50, 2020
 
 **
 
5,481,791

 
 
 
 
VIACOM INC SR UNSEC
 
Corporate Bond - 2.75, 2019
 
 **
 
1,004,300

 
 
 
 
VM CASH CCP CME FOB USD
 
Cash Equivalent - 0.01, 2060
 
 **
 
78,985

 
 
 
 
WACHOVIA CORP SR UNSEC
 
Corporate Bond - 5.75, 2018
 
 **
 
2,276,522

 
 
 
 
WEA FINANCE LLC/WESTFIEL UNSEC 144A
 
Corporate Bond - 2.70, 2019
 
 **
 
3,019,687



17






FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2014
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________

(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
 
Identity of issue, borrower, lessor or similar party
 
Description of investment, including maturity date, rate of interest, collateral, par or maturity value
 
Cost
 
Current Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
WILLIAMS PARTNERS LP GLBL SR UNSECURED
 
Corporate Bond - 5.25, 2020
 
 **
 
3,294,531

 
 
 
 
 
 
 
 
 
 
 
 
 
 Capital Preservation Fund Total
 
 
 
 
 
581,277,126

 
 
 
 
 
 
 
 
 
 
 
 
 
ARTISAN MIDCAP INVESTOR FUND
 
 
 
 
 
 
*
 
 
 STATE STREET STIF
 
MONEY MARKET FUND
 
 **
 
6,010,409

 
 
 
 
ALEXION PHARMACEUTICALS INC
 
COMMON STOCK
 
 **
 
666,108

 
 
 
 
ALKERMES PLC
 
COMMON STOCK
 
 **
 
690,774

 
 
 
 
AMETEK INC
 
COMMON STOCK
 
 **
 
3,662,890

 
 
 
 
APPLIED MATERIALS INC
 
COMMON STOCK
 
 **
 
4,256,660

 
 
 
 
ASPEN TECHNOLOGY INC
 
COMMON STOCK
 
 **
 
1,066,009

 
 
 
 
ATHENAHEALTH INC
 
COMMON STOCK
 
 **
 
2,434,356

 
 
 
 
AUTODESK INC
 
COMMON STOCK
 
 **
 
2,527,325

 
 
 
 
BORGWARNER INC
 
COMMON STOCK
 
 **
 
729,571

 
 
 
 
C.H. ROBINSON WORLDWIDE INC
 
COMMON STOCK
 
 **
 
1,650,051

 
 
 
 
CABELA S INC
 
COMMON STOCK
 
 **
 
562,943

 
 
 
 
CABOT OIL & GAS CORP
 
COMMON STOCK
 
 **
 
848,800

 
 
 
 
CATAMARAN CORP
 
COMMON STOCK
 
 **
 
1,197,392

 
 
 
 
CEPHEID INC
 
COMMON STOCK
 
 **
 
1,499,624

 
 
 
 
CERNER CORP
 
COMMON STOCK
 
 **
 
2,564,804

 
 
 
 
CHIPOTLE MEXICAN GRILL INC
 
COMMON STOCK
 
 **
 
2,839,347

 
 
 
 
CIGNA CORP
 
COMMON STOCK
 
 **
 
2,303,126

 
 
 
 
CIMAREX ENERGY CO
 
COMMON STOCK
 
 **
 
1,026,610

 
 
 
 
CORE LABORATORIES N.V.
 
COMMON STOCK
 
 **
 
163,422

 
 
 
 
DISCOVER FINANCIAL SERVICES
 
COMMON STOCK
 
 **
 
3,307,049

 
 
 
 
ELECTRONIC ARTS INC
 
COMMON STOCK
 
 **
 
2,227,571

 
 
 
 
FLIR SYSTEMS INC
 
COMMON STOCK
 
 **
 
1,159,186

 
 
 
 
FORTUNE BRANDS HOME & SECURITY INC
 
COMMON STOCK
 
 **
 
2,777,631

 
 
 
 
FOSSIL GROUP INC
 
COMMON STOCK
 
 **
 
894,668

 
 
 
 
FREESCALE SEMICONDUCTOR LTD
 
COMMON STOCK
 
 **
 
743,604

 
 
 
 
GARMIN LTD
 
COMMON STOCK
 
 **
 
536,436

 
 
 
 
GARTNER INC 5
 
COMMON STOCK
 
 **
 
1,924,788

 
 
 
 
GUIDEWIRE SOFTWARE INC
 
COMMON STOCK
 
 **
 
933,668

 
 
 
 
IHS INC
 
COMMON STOCK
 
 **
 
4,420,480

 
 
 
 
ILLUMINA INC
 
COMMON STOCK
 
 **
 
3,711,904

 
 
 
 
INCYTE CORP
 
COMMON STOCK
 
 **
 
1,479,527



18






FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2014
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________

(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
 
Identity of issue, borrower, lessor or similar party
 
Description of investment, including maturity date, rate of interest, collateral, par or maturity value
 
Cost
 
Current Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
INTERCONTINENTAL EXCHANGE INC
 
COMMON STOCK
 
 **
 
614,670

 
 
 
 
IPG PHOTONICS CORP
 
COMMON STOCK
 
 **
 
578,757

 
 
 
 
ISIS PHARMACEUTICALS INC
 
COMMON STOCK
 
 **
 
1,163,799

 
 
 
 
JD.COM INC
 
DEPOSITORY RECEIPTS
 
 **
 
852,292

 
 
 
 
KATE SPADE &COMPANY
 
COMMON STOCK
 
 **
 
1,145,894

 
 
 
 
KEURIG GREEN MOUNTAIN INC
 
COMMON STOCK
 
 **
 
1,883,054

 
 
 
 
LEVEL 3 COMMUNICATIONS INC
 
COMMON STOCK
 
 **
 
915,308

 
 
 
 
LINKEDIN CORP
 
COMMON STOCK
 
 **
 
1,615,091

 
 
 
 
LIONS GATE ENTERTAINMENT CORP
 
COMMON STOCK
 
 **
 
618,370

 
 
 
 
LKQ CORP
 
COMMON STOCK
 
 **
 
3,059,034

 
 
 
 
MCGRAW HILL FINANCIAL INC
 
COMMON STOCK
 
 **
 
1,315,658

 
 
 
 
MICHAEL KORS HOLDINGS LTD V
 
COMMON STOCK
 
 **
 
666,062

 
 
 
 
MOBILEYE NV
 
COMMON STOCK
 
 **
 
46,806

 
 
 
 
MONSTER BEVERAGE CORP
 
COMMON STOCK
 
 **
 
775,569

 
 
 
 
NATIONAL INSTRUMENTS CORP
 
COMMON STOCK
 
 **
 
577,528

 
 
 
 
NOBLE ENERGY INC
 
COMMON STOCK
 
 **
 
1,257,037

 
 
 
 
PACWEST BANCORP
 
COMMON STOCK
 
 **
 
1,240,785

 
 
 
 
PALL CORP
 
COMMON STOCK
 
 **
 
1,837,366

 
 
 
 
PANDORA MEDIA INC
 
COMMON STOCK
 
 **
 
900,379

 
 
 
 
PANERA BREAD COMPANY
 
COMMON STOCK
 
 **
 
949,688

 
 
 
 
PERRIGO CO PLC COMMON STOCK NPV
 
COMMON STOCK
 
 **
 
2,350,270

 
 
 
 
QIHOO 360 TECHNOLOGY CO LTD
 
DEPOSITORY RECEIPTS
 
 **
 
215,641

 
 
 
 
REGENERON PHARMACEUTICALS
 
COMMON STOCK
 
 **
 
4,766,285

 
 
 
 
RPM INTERNATIONAL INC
 
COMMON STOCK
 
 **
 
691,887

 
 
 
 
SENSATA TECHNOLOGIES HOLDING NV
 
COMMON STOCK
 
 **
 
2,059,346

 
 
 
 
SERVICENOW INC
 
COMMON STOCK
 
 **
 
913,668

 
 
 
 
SIGNET JEWELERS LTD
 
COMMON STOCK
 
 **
 
1,902,502

 
 
 
 
SPROUTS FARMERS MARKET INC
 
COMMON STOCK
 
 **
 
257,637

 
 
 
 
TD AMERITRADE HOLDING CORP
 
COMMON STOCK
 
 **
 
2,185,908

 
 
 
 
TEXTRON INC
 
COMMON STOCK
 
 **
 
537,113

 
 
 
 
TRACTOR SUPPLY COMPANY
 
COMMON STOCK
 
 **
 
1,863,068

 
 
 
 
TRIMBLE NAVIGATION LTD COMMON STOCK
 
COMMON STOCK
 
 **
 
716,739

 
 
 
 
TRIPADVISOR INC
 
COMMON STOCK
 
 **
 
845,674

 
 
 
 
TWITTER INC
 
COMMON STOCK
 
 **
 
962,894

 
 
 
 
ULTA SALON, COSMETICS & FRAGRANCE INC
 
COMMON STOCK
 
 **
 
1,172,676

 
 
 
 
UNDER ARMOUR INC
 
COMMON STOCK
 
 **
 
959,427

 
 
 
 
US DOLLAR
 
MONEY MARKET FUND
 
 **
 
63,638



19






FirstEnergy Corp. Savings Plan
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2014
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________

(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
 
Identity of issue, borrower, lessor or similar party
 
Description of investment, including maturity date, rate of interest, collateral, par or maturity value
 
Cost
 
Current Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
VERISK ANALYTICS INC
 
COMMON STOCK
 
 **
 
485,051

 
 
 
 
WASTE CONNECTIONS INC
 
COMMON STOCK
 
 **
 
1,596,881

 
 
 
 
WHITEWAVE FOODS CO
 
COMMON STOCK
 
 **
 
1,237,946

 
 
 
 
WILLIAMS SONOMA INC
 
COMMON STOCK
 
 **
 
676,125

 
 
 
 
WORKDAY INC
 
COMMON STOCK
 
 **
 
2,996,883

 
 
 
 
WYNN RESORTS LTD
 
COMMON STOCK
 
 **
 
535,387

 
 
 
 
ZAYO GROUP HOLDINGS INC
 
COMMON STOCK
 
 **
 
365,678

 
 
 
 
 
 
 
 
 
 
 
 
 
Artisan Midcap Investor Fund Total
 
 
 
 
 
113,188,204

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Total investments
 
 
 
3,543,310,237

 
 
 
 
 
 
 
 
 
 
 
 
 
 Notes receivable from participants
 
Loans receivable with repayment
 
 
 
 
 
 
 
 
 
 
   interest of 4.25% to 11.50%
 
—

 
58,689,284

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3,601,999,521

 
 
 
 
 
 
 
 
 
 
 
* Parties-in-interest
 
 
 
 
 
 
** Information is not required pursuant to Form 5500 instructions
 
 
 
 


20





FirstEnergy Corp. Savings Plan
Schedule H, line 4j - Schedule of Reportable Transactions
For the Year Ended December 31, 2014
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________


(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
(f)
 
(g)
 
(h)
 
(i)
Identity of Party
 
Description of Assets
 
Purchase Price
 
Selling Price
 
Lease Rental
 
Expenses Incurred in Transaction
 
Cost of Asset
 
Current Value of Asset on Transaction Date
 
Net Gain (Loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Single Transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SSgA S&P 500 INDEX FUND
 
N/A
 
$
455,299,113

 
N/A
 
$
—

 
$
238,987,165

 
$
455,299,113

 
$
216,311,948

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BLACKROCK RUSSELL 1000 GROWTH FUND T
 
N/A
 
$
320,658,055

 
N/A
 
$
—

 
$
196,759,879

 
$
320,658,055

 
$
123,898,176

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MELLON MARKET COMPLETION INDEX
 
$
219,648,573

 
N/A
 
N/A
 
$
—

 
$
219,648,573

 
$
219,648,573

 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BLACKROCK EQUITY INDEX FUND - M
 
$
861,696,837

 
N/A
 
N/A
 
$
—

 
$
861,696,837

 
$
861,696,837

 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Series
 
 
 
 
 
 
 
 
 
 
 
 
 
 
STATE STREET STIF
 
$
359,428,101

 
N/A
 
N/A
 
$
—

 
$
359,428,101

 
$
359,428,101

 
N/A
 
 
506 Transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
STATE STREET STIF
 
N/A
 
$
375,220,199

 
N/A
 
$
—

 
$
375,220,199

 
$
375,220,199

 
$
—

 
 
737 Transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BLACKROCK EQUITY INDEX FUND - M
 
$
867,755,861

 
N/A
 
N/A
 
$
—

 
$
867,755,861

 
$
867,755,861

 
N/A
 
 
15 Transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MELLON MARKET COMPLETION INDEX
 
$
221,093,919

 
N/A
 
N/A
 
$
—

 
$
221,093,919

 
$
221,093,919

 
N/A
 
 
10 Transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


21





FirstEnergy Corp. Savings Plan
Schedule H, line 4j - Schedule of Reportable Transactions
For the Year Ended December 31, 2014
#34-1843785 Plan 002
_________________________________________________________________________________________________________________________________________________________

(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
(f)
 
(g)
 
(h)
 
(i)
Identity of Party
 
Description of Assets
 
Purchase Price
 
Selling Price
 
Lease Rental
 
Expenses Incurred in Transaction
 
Cost of Asset
 
Current Value of Asset on Transaction Date
 
Net Gain (Loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SSgA S&P 500 INDEX FUND
 
N/A
 
$
477,437,582

 
N/A
 
$
—

 
$
251,136,387

 
$
477,437,582

 
$
226,301,195

 
 
85 Transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
US Treasury Notes/Bonds
 
$
504,753,601

 
N/A
 
N/A
 
$
—

 
$
504,753,601

 
$
504,753,601

 
N/A
 
 
15 Transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
US Treasury Notes/Bonds
 
N/A
 
$
426,792,500

 
N/A
 
$
—

 
$
426,416,604

 
$
426,792,500

 
$
375,896

 
 
12 Transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Parties-in-interest
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



22

EXHIBIT INDEX



FIRSTENERGY CORP. SAVINGS PLAN



Exhibit
Number


23    Consent of Independent Registered Public Accounting Firm


23

SIGNATURE    


Pursuant to the requirements of the Securities Exchange Act of 1934, the Savings Plan Committee, the administrator of the FirstEnergy Corp. Savings Plan, has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.


 
FIRSTENERGY CORP.
 
SAVINGS PLAN
 
 
Dated: June 26, 2015
 
 
 
 
 
By
/s/ Mary Beth Schutter
 
Mary Beth Schutter
 
Chairperson
 
Savings Plan Committee


24