SEC Comment Letter for FIRSTENERGY CORP (FE) (CIK 0001031296) (FE) — Jul 10, 2007
FIRSTENERGY CORP (FE) (CIK 0001031296)
Date: July 10, 2007 · CIK: 0001031296 · Accession: 0000000000-07-033363
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-21011
Referenced dates: June 11, 2007
Letter
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549-3561 DIVISION OF CORPORATION FINANCE VIA FACSIMILE AND U.S. MAIL July 10, 2007 Mr. Harvey L. Wagner Vice President, Controller, and Chief Accounting Officer FirstEnergy Corporation 76 South Main Street Akron, Ohio 44308
Re: FirstEnergy Corporation, File No. 333-21011 Ohio Edison Company, File No. 1-2578 The Cleveland Electric Illumi nating Company, File No. 1-2323 The Toledo Edison Company, File No. 1-3583 Metropolitan Edison Company, File No. 1-446 Form 10-K for Fiscal Ye ar Ended December 31, 2006 Filed February 28, 2007 Form 10-Q for Fiscal Quar ter Ended March 31, 2007
Dear Mr.Wagner:
We have reviewed your response dated J une 15, 2007 to our comment letter dated June 11, 2007 and have the following additi onal comment. Please provide a written response to our comment. Please be as deta iled as necessary in your explanation. In some of our comments, we may ask you to provi de us with information so that we may better understand your disclosure. After review ing this information, we may or may not raise additional comments.
Form 10-K for Fiscal Year Ended December 31, 2006
Consolidated Statements of Cash Flows, page 58
1. We reviewed your response to comment one in our letter dated June 11, 2007. In accordance with paragraphs 12 and 13 of SFAS 95, certain items may qualify for net reporting if thei r turnover is quick, their amounts are large, and their original maturities are three months or less. Unless your investments meet such criteria, please revise your statements of cash flows in future filings to present purchases of investments and proceeds from the sale of investments on a gross basis.
* * * *
Mr. Harvey L. Wagner July 10, 2007 Page 2 of 2
Please respond to this comment within 10 business days or tell us when you will provide us with a response. Please furnish a letter that keys your response to our comment and provides any requested informa tion. Detailed response letters greatly facilitate our review. Please submit your response letter on EDGAR. Please understand that we may have additional comments afte r reviewing your response to our comment.
You may contact Staff Accountant Sarah Goldberg at (202) 551-3340 if you have questions regarding comments on the financial statements and related matters. Please contact me at (202) 551-3344 with any other questions.
S i n c e r e l y ,
William Thompson B r a n c h C h i e f
Show Raw Text
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-3561
DIVISION OF
CORPORATION FINANCE
VIA FACSIMILE AND U.S. MAIL
July 10, 2007
Mr. Harvey L. Wagner
Vice President, Controller, and Chief Accounting Officer
FirstEnergy Corporation
76 South Main Street
Akron, Ohio 44308
Re: FirstEnergy Corporation, File No. 333-21011
Ohio Edison Company, File No. 1-2578
The Cleveland Electric Illumi nating Company, File No. 1-2323
The Toledo Edison Company, File No. 1-3583
Metropolitan Edison Company, File No. 1-446
Form 10-K for Fiscal Ye ar Ended December 31, 2006
Filed February 28, 2007
Form 10-Q for Fiscal Quar ter Ended March 31, 2007
Dear Mr.Wagner:
We have reviewed your response dated J une 15, 2007 to our comment letter dated
June 11, 2007 and have the following additi onal comment. Please provide a written
response to our comment. Please be as deta iled as necessary in your explanation. In
some of our comments, we may ask you to provi de us with information so that we may
better understand your disclosure. After review ing this information, we may or may not
raise additional comments.
Form 10-K for Fiscal Year Ended December 31, 2006
Consolidated Statements of Cash Flows, page 58
1. We reviewed your response to comment one in our letter dated June 11, 2007. In
accordance with paragraphs 12 and 13 of SFAS 95, certain items may qualify for
net reporting if thei r turnover is quick, their amounts are large, and their original
maturities are three months or less. Unless your investments meet such criteria, please revise your statements of cash flows in future filings to present purchases of investments and proceeds from the sale of investments on a gross basis.
* * * *
Mr. Harvey L. Wagner
July 10, 2007
Page 2 of 2
Please respond to this comment within 10 business days or tell us when you will
provide us with a response. Please furnish a letter that keys your response to our
comment and provides any requested informa tion. Detailed response letters greatly
facilitate our review. Please submit your response letter on EDGAR. Please understand
that we may have additional comments afte r reviewing your response to our comment.
You may contact Staff Accountant Sarah Goldberg at (202) 551-3340 if you have
questions regarding comments on the financial statements and related matters. Please
contact me at (202) 551-3344 with any other questions.
S i n c e r e l y ,
William Thompson
B r a n c h C h i e f