UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO
SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of
Report (Date of earliest event reported) January 16, 2007
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Commission
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Registrant;
State of Incorporation;
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I.R.S.
Employer
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File
Number
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Address;
and Telephone Number
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Identification
No.
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333-21011
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FIRSTENERGY
CORP.
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34-1843785
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(An
Ohio Corporation)
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76
South Main Street
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Akron,
OH 44308
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Telephone
(800)736-3402
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Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2.):
[
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Written communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
5.02
Departure of Directors or Principal Officers; Election of Directors; Appointment
of Principal Officers; Compensatory Arrangements of Certain
Officers.
(d)
On
January 16, 2007, FirstEnergy Corp. (Company) announced that Michael J. Anderson
has been elected to the Company's Board of Directors, effective February
1,
2007. Mr. Anderson is president, chief executive officer and a director of
the
The Andersons, Inc.
Mr. Anderson will serve on the Board's Nuclear and Finance Committees. There
are
no arrangements or understandings between Mr. Anderson and any other person
pursuant to which Mr. Anderson was selected as a director. There are no
relationships between Mr. Anderson and FirstEnergy or any of its subsidiaries
that would require disclosure pursuant to Item 404(a) of Regulation
S-K.
(e)
On January 16,
2007, the Company and Mr. Richard R. Grigg executed an amendment to his
July 20,
2004 Employment Agreement extending the termination of that Agreement from
August 20, 2007 to March 31, 2008. The other material terms and conditions
of
the Employment Agreement remain in effect.
Item
9.01
Financial Statements and Exhibits
(d)
Exhibits.
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Exhibit
No.
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Description
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99.1
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Press
Release
issued by FirstEnergy Corp., dated January 16,
2007
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Forward-Looking
Statements:
This Form 8-K
includes forward-looking statements based on information currently available
to
management. Such statements are subject to certain risks and uncertainties.
These statements typically contain, but are not limited to, the terms
“anticipate,” “potential,” “expect,” “believe,” “estimate” and similar words.
Actual results may differ materially due to the speed and nature of increased
competition and deregulation in the electric utility industry, economic or
weather conditions affecting future sales and margins, changes in markets
for
energy services, changing energy and commodity market prices, replacement
power
costs being higher than anticipated or inadequately hedged, the continued
ability of FirstEnergy’s regulated utilities to collect transition and other
charges or to recover increased transmission costs, maintenance costs being
higher than anticipated, legislative and regulatory changes (including revised
environmental requirements), and the legal and regulatory changes resulting
from
the implementation of the Energy Policy Act of 2005 (including, but not limited
to, the repeal of the Public Utility Holding Company Act of 1935), the
uncertainty of the timing and amounts of the capital expenditures needed
to,
among other things, implement the Air Quality Compliance Plan (including
that
such amounts could be higher than anticipated) or levels of emission reductions
related to the Consent Decree resolving the New Source Review litigation,
adverse regulatory or legal decisions and outcomes (including, but not limited
to, the revocation of necessary licenses or operating permits, fines or other
enforcement actions and remedies) of governmental investigations and oversight,
including by the Securities and Exchange Commission, the Nuclear Regulatory
Commission and the various state public utility commissions as disclosed
in the
registrant’s Securities and Exchange Commission filings, generally, and
heightened scrutiny at the Perry Nuclear Power Plant in particular, the timing
and outcome of various proceedings before the Public Utilities Commission
of
Ohio (including, but not limited to, the successful resolution of the issues
remanded to the Public Utilities Commission of Ohio by the Ohio Supreme Court
regarding the Rate Stabilization Plan) and the Pennsylvania Public Utility
Commission, including the transition rate plan filings for Met-Ed and Penelec,
the continuing availability and operation of generating units, the ability
of
generating units to continue to operate at, or near full capacity, the inability
to accomplish or realize anticipated benefits from strategic goals (including
employee workforce initiatives), the anticipated benefits from voluntary
pension
plan contributions, the ability to improve electric commodity margins and
to
experience growth in the distribution business, the ability to access the
public
securities and other capital markets and the cost of such capital, the outcome,
cost and other effects of present and potential legal and administrative
proceedings and claims related to the August 14, 2003 regional power
outage, the successful completion of the share repurchase program announced
August 10, 2006, the risks and other factors discussed from time to time in
the registrant’s Securities and Exchange Commission filings, including its
annual report on Form 10-K for the year ended December 31, 2005, and other
similar factors. The registrant expressly disclaims any current intention
to
update any forward-looking statements contained herein as a result of new
information, future events, or otherwise.
SIGNATURE
Pursuant
to
the requirements of the Securities Exchange Act of 1934, the Registrant has
duly
caused this report to be signed on its behalf by the undersigned thereunto
duly
authorized.
January
16,
2007
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FIRSTENERGY
CORP.
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Registrant
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/s/ Harvey
L. Wagner
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Harvey
L.
Wagner
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Vice
President, Controller and
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Chief
Accounting Officer
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