FirstEnergy 8K Reports Higher Third Quarter Earnings | FE 25 Oct 05

Exhibit 99.2

Consolidated Report to the Financial Community

Third Quarter 2005

(Released October 25, 2005)


Highlights	After-Tax EPS Variance Analysis	3rd Qtr.
n Normalized non-GAAP* earnings, excluding	3Q 2004 Basic EPS - GAAP Basis	$ 0.91
unusual items, were $1.04 per share for the	Unusual Items - 2004	0.06
third quarter of 2005, compared with $0.97	3Q 2004 Normalized Earnings - non-GAAP Basis	$ 0.97
per share for the third quarter of 2004. GAAP	Electric Gross Margin:

earnings were $1.01 per share, compared	- JCP&L Rate Increase	0.03

with $0.91 per share in the third quarter of	- Other Electric Gross Margin	0.06
2004.	Net MISO/PJM Transmission Expenses	(0.05)
	Energy Delivery Expenses	(0.03)
	Pension and Other Employee Benefits	0.05
	Depreciation and Amortization	(0.06)
	Investment, Financing and Other Activities	0.07
	3Q 2005 Normalized Earnings - non-GAAP Basis	$ 1.04
	Unusual Items - 2005	(0.03)
	3Q 2005 Basic EPS - GAAP Basis	$ 1.01

3Q 2005 Results vs. 3Q 2004

n	Electric distribution deliveries increased 10% primarily due to unusually warm weather. Residential sales increased 15%, while commercial and industrial deliveries increased 8% and 5%, respectively. Cooling-degree-days were 40% higher than in the same period last year and 32% above normal. Total electric generation sales rose 5% with sales to retail customers increasing 10%.
n	Electric gross margin increased $48 million, or $0.09 per share, after adjusting for changes in regulatory deferrals. The improvement resulted from increased distribution deliveries, the JCP&L rate increase, and increased generation output. Partially offsetting this improvement was a 9% reduction in higher-margin wholesale sales with most of our generation serving the retail load. Increased fuel expense and purchased power prices also negatively affected electric gross margin.
n	Net MISO/PJM transmission costs increased $27 million primarily due to higher congestion expenses.
n	Energy delivery expenses increased $15 million due to increased spending on system reliability initiatives.
n	Pension and other employee benefit costs decreased approximately $25 million due to the voluntary $500 million contribution to the pension plan in September 2004, favorable market returns in 2004, and changes in health care benefits.
n	Total depreciation and amortization expenses, after adjusting for changes in regulatory deferrals and deferral of incremental transmission and ancillary service-related MISO charges, increased $33 million. This resulted from higher Ohio transition cost amortization and increased depreciation expense.
n	Investment, financing, and other activities increased net income by $21 million. Financing activities during the quarter included $406 million in debt and preferred securities redemptions and $103 million of refinancing and repricing transactions.

2005 Earnings and Cash Generation Guidance*
n	Earnings guidance for 2005, excluding unusual charges, remains at $2.85 to $3.00 per share. Year-to-date normalized non-GAAP earnings now stand at $2.22 per share.
n	Total cash generation (non-GAAP) guidance for 2005 remains at $620 million and free cash flow guidance for 2005 remains at $535 million. Our estimated 2005 free cash flow reflects capital expenditures of $1.0 billion.

2006 Earnings and Cash Generation Guidance*
n	Earnings guidance for 2006, excluding unusual charges, remains at $3.40 to $3.60 per share.
n	Total cash generation (non-GAAP) guidance for 2006 remains at a range of $300 million to $400 million, with a free cash flow (non-GAAP) guidance range of $280 million to $380 million. Our estimated 2006 free cash flow reflects a capital expenditure range of $1.0 billion to $1.1 billion.

*	The GAAP to non-GAAP reconciliation statements are attached and available on the Investor Information section of FirstEnergy Corp.'s website at www.firstenergycorp.com/ir.

For additional information, please contact:
Kurt E. Turosky	Terrance G. Howson	Rey Y. Jimenez
Director, Investor Relations	Vice President, Investor Relations	Principal, Investor Relations
(330) 384-5500	(973) 401-8519	(330) 761-4239

FirstEnergy Corp.

Consolidated Statements of Income

(In thousands, except for per share amounts)

		Three Months Ended September 30,									Nine Months Ended September 30,
		2005			2004			Change			2005			2004			Change
	Revenues
(1)	Electric sales	$	3,116,275		$	3,029,596		$	86,679		$	8,031,877		$	8,330,373		$	(298,496	)
(2)	FE Facilities		59,483			61,235			(1,752	)		161,582			155,955			5,627
(3)	MYR		132,329			79,821			52,508			353,964			245,720			108,244
(4)	Other		278,700			214,816			63,884			729,716			628,485			101,231
(5)	Total Revenues		3,586,787			3,385,468			201,319			9,277,139			9,360,533			(83,394	)

	Expenses
(6)	Fuel		335,876			214,408			121,468			848,993			604,329			244,664
(7)	Purchased power		951,349			1,070,947			(119,598	)		2,266,160			2,910,487			(644,327	)
(8)	Other operating expenses		804,984			725,707			79,277			2,247,432			2,094,540			152,892
(9)	FE Facilities		59,102			60,531			(1,429	)		163,006			156,037			6,969
(10)	MYR		128,350			82,202			46,148			347,940			249,605			98,335
(11)	Provision for depreciation		152,786			147,052			5,734			444,443			439,017			5,426
(12)	Amortization of regulatory assets		364,337			324,300			40,037			981,750			905,488			76,262
(13)	Deferral of new regulatory assets		(123,827	)		(78,767	)		(45,060	)		(303,496	)		(191,487	)		(112,009	)
(14)	General taxes		187,562			177,452			10,110			540,606			514,174			26,432
(15)	Total Expenses		2,860,519			2,723,832			136,687			7,536,834			7,682,190			(145,356	)

	Income Before Interest and
(16)	Income Taxes		726,268			661,636			64,632			1,740,305			1,678,343			61,962
	Net interest charges:
(17)	Interest expense		162,104			152,348			9,756			488,462			504,396			(15,934	)
(18)	Capitalized interest		(7,005	)		(6,536	)		(469	)		(11,957	)		(18,286	)		6,329
(19)	Subsidiaries' preferred stock dividends		2,626			5,354			(2,728	)		12,912			16,024			(3,112	)
(20)	Net interest charges		157,725			151,166			6,559			489,417			502,134			(12,717	)
(21)	Income taxes		236,711			214,345			22,366			599,261			505,875			93,386
(22)	Income before discontinued operations		331,832			296,125			35,707			651,627			670,334			(18,707	)
(23)	Discontinued operations		528			2,497			(1,969	)		18,451			6,332			12,119
(24)	Net Income	$	332,360		$	298,622		$	33,738		$	670,078		$	676,666		$	(6,588	)

	Basic Earnings Per Common Share:
(25)	Before discontinued operations	$	1.01		$	0.90		$	0.11		$	1.99		$	2.05		$	(0.06	)
(26)	Discontinued operations		-			0.01			(0.01	)		0.05			0.02			0.03
(27)	Basic Earnings Per Common Share	$	1.01		$	0.91		$	0.10		$	2.04		$	2.07		$	(0.03	)
	Weighted Average Number of
(28)	Basic Shares Outstanding		328,119			327,499			620			328,030			327,280			750

	Diluted Earnings Per Common Share:
(29)	Before discontinued operations	$	1.01		$	0.90		$	0.11		$	1.98		$	2.04		$	(0.06	)
(30)	Discontinued operations		-			0.01			(0.01	)		0.05			0.02			0.03
(31)	Diluted Earnings Per Common Share	$	1.01		$	0.91		$	0.10		$	2.03		$	2.06		$	(0.03	)
	Weighted Average Number of
(32)	Diluted Shares Outstanding		330,193			329,099			1,094			329,926			328,850			1,076

FirstEnergy Corp.

Consolidated Income Segments

(In thousands)

		Three Months Ended September 30, 2005
					Power
					Supply
		Regulated			Management			Facilities					Reconciling
		Services			Services			Services		Other (a)			Adjustments (b)			Consolidated
	Revenues
(1)	Electric sales	$	1,432,015		$	1,684,260		$	-	$	-		$	-		$	3,116,275
(2)	FE Facilities		-			-			59,483		-			-			59,483
(3)	MYR		-			-			-		132,329			-			132,329
(4)	Other		243,722			27,851			-		5,420			1,707			278,700
(5)	Internal Revenues		79,168			-			-		-			(79,168	)		-
(6)	Total Revenues		1,754,905			1,712,111			59,483		137,749			(77,461	)		3,586,787

	Expenses
(7)	Fuel		-			335,876			-		-			-			335,876
(8)	Purchased power		-			951,349			-		-			-			951,349
(9)	Other operating expenses		510,358			364,212			-		(1,767	)		(67,819	)		804,984
(10)	FE Facilities		-			-			59,102		-			-			59,102
(11)	MYR		-			-			-		128,350			-			128,350
(12)	Provision for depreciation		137,228			8,857			8		549			6,144			152,786
(13)	Amortization of regulatory assets		364,337			-			-		-			-			364,337
(14)	Deferral of new regulatory assets		(123,827	)		-			-		-			-			(123,827	)
(15)	General taxes		158,543			23,892			1		763			4,363			187,562
(16)	Total Expenses		1,046,639			1,684,186			59,111		127,895			(57,312	)		2,860,519

(17)	Income Before Interest and Income Taxes		708,266			27,925			372		9,854			(20,149	)		726,268
	Net interest charges:
(18)	Interest expense		91,728			11,882			335		1,438			56,721			162,104
(19)	Capitalized interest		(6,108	)		(785	)		-		(1	)		(111	)		(7,005	)
(20)	Subsidiaries' preferred stock dividends		2,626			-			-		-			-			2,626
(21)	Net interest charges		88,246			11,097			335		1,437			56,610			157,725
(22)	Income taxes		254,208			6,900			33		3,267			(27,697	)		236,711
(23)	Income before discontinued operations		365,812			9,928			4		5,150			(49,062	)		331,832
(24)	Discontinued operations		-			-			-		528			-			528
(25)	Net Income	$	365,812		$	9,928		$	4	$	5,678		$	(49,062	)	$	332,360

	(a) Other consists of MYR (a construction service company) and telecommunications services.
	(b) Reconciling adjustments to segment operating results from internal management reporting to consolidated external financial reporting primarily consists of interest expense related to holding company debt, corporate support services revenues and expenses, fuel marketing revenues which are reflected as reductions to expenses for internal management reporting purposes and elimination of intersegment transactions.

FirstEnergy Corp.

Consolidated Income Segments

(In thousands)


		Three Months Ended September 30, 2004
					Power
					Supply
		Regulated			Management			Facilities						Reconciling
		Services			Services			Services			Other (a)			Adjustments (b)			Consolidated
	Revenues
(1)	Electric sales	$	1,308,731		$	1,720,865		$	-		$	-		$	-		$	3,029,596
(2)	FE Facilities		-			-			61,235			-			-			61,235
(3)	MYR		-			-			-			79,821			-			79,821
(4)	Other		172,642			34,778			-			9,964			(2,568	)		214,816
(5)	Internal Revenues		79,596			-			-			-			(79,596	)		-
(6)	Total Revenues		1,560,969			1,755,643			61,235			89,785			(82,164	)		3,385,468

	Expenses
(7)	Fuel		-			214,408			-			-			-			214,408
(8)	Purchased power		-			1,070,947			-			-			-			1,070,947
(9)	Other operating expenses		413,219			356,003			-			9,403			(52,918	)		725,707
(10)	FE Facilities		-			-			60,531			-			-			60,531
(11)	MYR		-			-			-			82,202			-			82,202
(12)	Provision for depreciation		129,226			8,837			536			98			8,355			147,052
(13)	Amortization of regulatory assets		324,300			-			-			-			-			324,300
(14)	Deferral of new regulatory assets		(78,767	)		-			-			-			-			(78,767	)
(15)	General taxes		150,075			22,624			-			705			4,048			177,452
(16)	Total Expenses		938,053			1,672,819			61,067			92,408			(40,515	)		2,723,832

(17)	Income Before Interest and Income Taxes		622,916			82,824			168			(2,623	)		(41,649	)		661,636
	Net interest charges:
(18)	Interest expense		81,312			10,240			164			436			60,196			152,348
(19)	Capitalized interest		(4,591	)		(1,377	)		-			(3	)		(565	)		(6,536	)
(20)	Subsidiaries' preferred stock dividends		5,354			-			-			-			-			5,354
(21)	Net interest charges		82,075			8,863			164			433			59,631			151,166
(22)	Income taxes		225,743			30,324			(4	)		(1,022	)		(40,696	)		214,345
(23)	Income before discontinued operations		315,098			43,637			8			(2,034	)		(60,584	)		296,125
(24)	Discontinued operations		-			-			1,083			1,414			-			2,497
(25)	Net Income	$	315,098		$	43,637		$	1,091		$	(620	)	$	(60,584	)	$	298,622


	(a) Other consists of MYR (a construction service company) and telecommunications services.
	(b) Reconciling adjustments to segment operating results from internal management reporting to consolidated external financial reporting primarily consists of interest expense related to holding company debt, corporate support services revenues and expenses, fuel marketing revenues which are reflected as reductions to expenses for internal management reporting purposes and elimination of intersegment transactions.

FirstEnergy Corp.

Consolidated Income Segments

(In thousands)


		Three Months Ended September 30, 2005 vs. Three Months Ended September 30, 2004
					Power
					Supply
		Regulated			Management			Facilities						Reconciling
		Services			Services			Services			Other (a)			Adjustments (b)			Consolidated
	Revenues
(1)	Electric sales	$	123,284		$	(36,605	)	$	-		$	-		$	-		$	86,679
(2)	FE Facilities		-			-			(1,752	)		-			-			(1,752	)
(3)	MYR		-			-			-			52,508			-			52,508
(4)	Other		71,080			(6,927	)		-			(4,544	)		4,275			63,884
(5)	Internal Revenues		(428	)		-			-			-			428			-
(6)	Total Revenues		193,936			(43,532	)		(1,752	)		47,964			4,703			201,319

	Expenses
(7)	Fuel		-			121,468			-			-			-			121,468
(8)	Purchased power		-			(119,598	)		-			-			-			(119,598	)
(9)	Other operating expenses		97,139			8,209			-			(11,170	)		(14,901	)		79,277
(10)	FE Facilities		-			-			(1,429	)		-			-			(1,429	)
(11)	MYR		-			-			-			46,148			-			46,148
(12)	Provision for depreciation		8,002			20			(528	)		451			(2,211	)		5,734
(13)	Amortization of regulatory assets		40,037			-			-			-			-			40,037
(14)	Deferral of new regulatory assets		(45,060	)		-			-			-			-			(45,060	)
(15)	General taxes		8,468			1,268			1			58			315			10,110
(16)	Total Expenses		108,586			11,367			(1,956	)		35,487			(16,797	)		136,687

(17)	Income Before Interest and Income Taxes		85,350			(54,899	)		204			12,477			21,500			64,632
	Net interest charges:
(18)	Interest expense		10,416			1,642			171			1,002			(3,475	)		9,756
(19)	Capitalized interest		(1,517	)		592			-			2			454			(469	)
(20)	Subsidiaries' preferred stock dividends		(2,728	)		-			-			-			-			(2,728	)
(21)	Net interest charges		6,171			2,234			171			1,004			(3,021	)		6,559
(22)	Income taxes		28,465			(23,424	)		37			4,289			12,999			22,366
(23)	Income before discontinued operations		50,714			(33,709	)		(4	)		7,184			11,522			35,707
(24)	Discontinued operations		-			-			(1,083	)		(886	)		-			(1,969	)
(25)	Net Income	$	50,714		$	(33,709	)	$	(1,087	)	$	6,298		$	11,522		$	33,738


	(a) Other consists of MYR (a construction service company) and telecommunications services.
	(b) Reconciling adjustments to segment operating results from internal management reporting to consolidated external financial reporting primarily consists of interest
	expense related to holding company debt, corporate support services revenues and expenses, fuel marketing revenues which are reflected as reductions to expenses for internal management reporting purposes and elimination of intersegment transactions.

FirstEnergy Corp.

Financial Statements

(In thousands)


Condensed Consolidated Balance Sheet
	As of		As of
	September 30, 2005		December 31, 2004
Assets
Current Assets:
Cash and cash equivalents	$	139,812	$	52,941
Receivables		1,535,225		1,356,437
Other		731,698		602,969
Total Current Assets		2,406,735		2,012,347

Property, Plant, and Equipment		13,773,219		13,478,356
Investments		3,390,610		3,273,966
Deferred charges		11,803,378		12,303,275
Total Assets	$	31,373,942	$	31,067,944

Liabilities and Capitalization
Current Liabilities:
Currently payable long-term debt	$	983,412	$	940,944
Short-term borrowings		246,505		170,489
Accounts payable		651,941		610,589
Other		1,962,988		1,586,413
Total Current Liabilities		3,844,846		3,308,435

Capitalization:
Common stockholders' equity		8,827,959		8,589,294
Preferred stock		183,719		335,123
Long-term debt and other long-term obligations		9,418,734		10,013,349
Total Capitalization		18,430,412		18,937,766
Noncurrent Liabilities		9,098,684		8,821,743
Total Liabilities and Capitalization	$	31,373,942	$	31,067,944


Adjusted Capitalization (Including Off-Balance Sheet Items)
	As of September 30,
	2005		% Total		2004		% Total
Total common equity	$	8,827,959		42%	$	8,624,410		40%
Preferred stock		183,719		1%		335,123		2%
Long-term debt *		10,402,146		50%		10,785,453		50%
Short-term debt		246,505		1%		302,508		1%
Off-balance sheet debt equivalents:
Sale-leaseback net debt equivalents		1,321,305		6%		1,380,879		6%
Accounts receivable factoring **		-		0%		199,000		1%
Total	$	20,981,634		100%	$	21,627,373		100%

GENERAL INFORMATION	Three Months Ended Sep. 30,						Nine Months Ended Sep. 30,
	2005			2004			2005			2004
Long-term debt and preferred stock redemptions	$	(192,939	)	$	(758,972	)	$	(1,021,337	)	$	(1,748,915	)
New long-term debt issues	$	88,950		$	-		$	334,300		$	700,000
Short-term debt increase (decrease) **	$	(308,319	)	$	228,072		$	77,295		$	(219,032	)
Capital expenditures	$	294,443		$	211,243		$	756,118		$	545,743


* Includes amounts due to be paid within one year, JCP&L securitization of $269 million and $285 million in 2005 and 2004, respectively.
** Off-balance sheet accounts receivable factoring agreement ($84 million as of December 31, 2004) renewed as an on-balance sheet short- term debt financing agreement in 2005 ($35 million as of September 30, 2005).

FirstEnergy Corp.

Financial Statements

(In thousands)

Condensed Consolidated Statements of Cash Flows
	Three Months Ended Sep. 30,						Nine Months Ended Sep. 30,
	2005			2004			2005			2004
Cash flows from operating activities:
Net income	$	332,360		$	298,622		$	670,078		$	676,666
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of regulatory assets,
nuclear fuel, and leases		419,081			419,361			1,186,060			1,224,800
Deferred purchased power and other costs		(39,215	)		(118,409	)		(231,438	)		(263,290	)
Deferred income taxes and investment tax credits		(37,851	)		37,138			24,034			(56,995	)
Income from discontinued operations		(528	)		(2,497	)		(18,451	)		(6,332	)
Pension trust contribution		-			(500,000	)		-			(500,000	)
Change in working capital and other		307,309			393,290			281,989			463,364
Cash flows provided from operating activities	$	981,156		$	527,505		$	1,912,272		$	1,538,213

Cash flows used for financing activities		(580,449	)		(601,719	)		(1,048,843	)		(1,415,103	)

Cash flows provided from (used for) investing activities		(310,643	)		42,568			(776,558	)		(169,193	)
Net increase (decrease) in cash and cash equivalents	$	90,064		$	(31,646	)	$	86,871		$	(46,083	)

REGULATORY DEFERRALS	Three Months Ended September 30,								Nine Months Ended September 30,
	2005			2004		Change			2005		2004			Change
Ohio Transition Plan and MISO costs
Beginning balance	$	861,923		$	566,334				$	710,019	$	453,614
Deferral of shopping incentives		77,197			68,014	$	9,183			180,193		161,814		$	18,379
Interest on shopping incentives		12,396			8,573		3,823			33,927		22,838			11,089
Deferral of MISO Costs		31,349			-		31,349			51,537		-			51,537
Deferral of other regulatory assets		2,885			2,180		705			10,074		6,835			3,239
Current period deferrals	$	123,827		$	78,767	$	45,060		$	275,731	$	191,487		$	84,244

Ending Balance	$	985,750		$	645,101				$	985,750	$	645,101

Deferred Energy Costs - New Jersey
Beginning balance	$	517,800		$	402,700				$	445,600	$	440,900
Deferral (recovery) of energy costs		(10,100	)		1,700	$	(11,800	)		62,100		(36,500	)	$	98,600
Ending Balance	$	507,700		$	404,400				$	507,700	$	404,400

UNUSUAL ITEMS	Three Months Ended September 30,									Nine Months Ended September 30,
	2005			2004			Change			2005			2004			Change

Gain (Loss) on Non-Core Asset Sales
FES Natural Gas Business (a)	$	-		$	-		$	-		$	8,229		$	-		$	8,229
FirstCommunications (b)		-			-			-			6,800			-			6,800
FSG Subsidiary - Elliott-Lewis (a) (f)		-			-			-			51			-			51
Venture Capital Funds (b)		-			-			-			2,015			-			2,015
Great Lakes Energy Partner (b) (g)		-			-			-			-			15,777			(15,777	)
Venture Capital (c)		-			(28,288	)		28,288			-			(28,288	)		28,288
MYR Subsidiary (a)		-			-			-			(524	)		-			(524	)
FSG Subsidiary - Cranston (a) (h)		-			-			-			(42	)		-			(42	)
Total Gain (Loss) on Non-Core Asset Sales		-			(28,288	)		28,288			16,529			(12,511	)		29,040
Litigation Settlement (c)		-			-			-			-			(17,980	)		17,980
FENOC Severance (c)		-			(6,488	)		6,488			-			(6,488	)		6,488
EPA Settlement - Environmental Projects (c)		-			-			-			(10,000	)		-			(10,000	)
EPA Penalty and NRC Fine(c) (i)		-			-			-			(11,950	)		-			(11,950	)
JCP&L Rate Settlement (d)		-			-			-			27,765			-			27,765
JCP&L Arbitration Decision (c)		(16,141	)		-			(16,141	)		(16,141	)		-			(16,141	)
Total-Pretax Items		(16,141	)		(34,776	)		18,635			6,203			(36,979	)		43,182

Ohio Tax Write-off (e)		-			-			-			(71,702	)		-			(71,702	)

EPS Effect	$	(0.03	)	$	(0.06	)	$	0.03		$	(0.18	)	$	(0.11	)	$	(0.07	)

(a) Included in "Discontinued Operations" (d) Included in "Deferral of New Regulatory Assets" (g) Before income taxes of $22.6 million
(b) Included in "Other Revenues" (e) Included in "Income Taxes" (h) Before income tax benefit of $0.4 million
(c) Included in "Other Operating Expenses" (f) Before income tax benefit of $12.2 million (i) No income tax benefit

FirstEnergy Corp.

Statistical Summary

ELECTRIC SALES STATISTICS	Three Months Ended September 30,							Nine Months Ended September 30,
(kWh in millions)	2005		2004		Change			2005		2004		Change

Electric Generation Sales
Retail- Regulated		23,459		21,299		10.1	%		65,178		61,287		6.3	%
Retail - Competitive		4,130		3,798		8.7	%		10,988		11,565		-5.0	%
Total Retail		27,589		25,097		9.9	%		76,166		72,852		4.5	%
Wholesale *		7,889		8,641		-8.7	%		21,484		22,478		-4.4	%
Total Electric Generation Sales		35,478		33,738		5.2	%		97,650		95,330		2.4	%

Electric Distribution Deliveries
Ohio - Residential		4,909		4,171		17.7	%		13,242		12,113		9.3	%
- Commercial		4,099		3,920		4.6	%		11,477		11,010		4.2	%
- Industrial		6,094		5,852		4.1	%		17,750		17,516		1.3	%
- Other		96		94		2.1	%		289		279		3.6	%
Total Ohio		15,198		14,037		8.3	%		42,758		40,918		4.5	%

Pennsylvania - Residential		3,055		2,733		11.8	%		8,656		8,145		6.3	%
- Commercial		2,949		2,738		7.7	%		8,236		7,820		5.3	%
- Industrial		2,677		2,484		7.8	%		7,882		7,628		3.3	%
- Other		21		20		5.0	%		62		60		3.3	%
Total Pennsylvania		8,702		7,975		9.1	%		24,836		23,653		5.0	%

New Jersey - Residential		3,312		2,866		15.6	%		7,882		7,340		7.4	%
- Commercial		2,670		2,356		13.3	%		7,196		6,743		6.7	%
- Industrial		821		779		5.4	%		2,316		2,307		0.4	%
- Other		22		18		22.2	%		65		52		25.0	%
Total New Jersey		6,825		6,019		13.4	%		17,459		16,442		6.2	%

Total Residential		11,276		9,770		15.4	%		29,780		27,598		7.9	%
Total Commercial		9,718		9,014		7.8	%		26,909		25,573		5.2	%
Total Industrial		9,592		9,115		5.2	%		27,948		27,451		1.8	%
Total Other		139		132		5.3	%		416		391		6.4	%

Total Distribution Deliveries		30,725		28,031		9.6	%		85,053		81,013		5.0	%

Electric Sales Shopped
Ohio - Residential		2,364		1,933		22.3	%		5,972		5,351		11.6	%
- Commercial		2,068		1,945		6.3	%		5,632		5,369		4.9	%
- Industrial		1,317		1,209		8.9	%		3,715		3,418		8.7	%
Total Ohio		5,749		5,087		13.0	%		15,319		14,138		8.4	%

Pennsylvania - Residential		6		6		0.0	%		18		19		-5.3	%
- Commercial		18		21		-14.3	%		65		99		-34.3	%
- Industrial		334		431		-22.5	%		1,164		1,511		-23.0	%
Total Pennsylvania		358		458		-21.8	%		1,247		1,629		-23.4	%

New Jersey - Residential		1		-		0.0	%		4		520		-99.2	%
- Commercial		525		558		-5.9	%		1,558		1,758		-11.4	%
- Industrial		633		629		0.6	%		1,747		1,681		3.9	%
Total New Jersey		1,159		1,187		-2.4	%		3,309		3,959		-16.4	%

Total Electric Sales Shopped		7,266		6,732		7.9	%		19,875		19,726		0.8	%

* 2004 excludes the reporting of PJM sales and purchases on a gross basis.


OPERATING STATISTICS	As of September 30,
For 12 Months Ended	2005				2004

System Load Factor		61.5	%			67.1	%
Capacity Factors:
Fossil		63.2	%			57.2	%
Nuclear		85.1	%			85.8	%
Generation Output:
Fossil		64	%			61	%
Nuclear		36	%			39	%

WEATHER		2005		Normal		2004
Composite Heating-Degree-Days
3rd Quarter		23		93		51
Year-to-Date		3,686		3,570		3,583
Composite Cooling-Degree-Days
3rd Quarter		843		638		601
Year-to-Date		1,118		884		902

FirstEnergy Corp.

2005 EPS and Cash Flow


2005 Earnings Per Share (EPS)
(Reconciliation of GAAP to Non-GAAP)


	Three Months		Nine Months			Annual
	Ended Sep. 30		Ended Sep. 30			Guidance

Basic EPS (GAAP basis)	$	1.01	$	2.04		$	2.67 - $2.82
Excluding Unusual Items:
Gain on non-core asset sales		-		(0.07	)		(0.07	)
EPA settlement		-		0.04			0.04
NRC fine		-		0.01			0.01
JCP&L rate settlement		-		(0.05	)		(0.05	)
JCP&L arbitration decision		0.03		0.03			0.03
Ohio tax write-off		-		0.22			0.22
Basic EPS (non-GAAP basis)	$	1.04	$	2.22		$	2.85 - $3.00


Reconciliation of September 2005 Year-to-Date Cash From Operating Activities (GAAP) to
Free Cash Flow (Non-GAAP) and Cash Generation (Non-GAAP)
(in millions)

Net Cash from Operating Activities:

Net Income	$	670
Adjustments:
Depreciation		444
Amortization of regulatory assets		982
Deferral of new regulatory assets		(304	)
Deferred purchased power costs		(231	)
Deferred income taxes and ITC, net		24
Conversion of off-balance sheet receivables financing
to on-balance sheet		(155	)
Ohio School Council's prepayment for electric service, net		232
Other, including changes in working capital *		250
Net Cash from Operating Activities (GAAP)	$	1,912

Other Items:
Capital expenditures		(698	)
Nuclear fuel fabrication		(88	)
Contributions to nuclear decommissioning trusts		(76	)
Common stock dividends		(412	)
Conversion of off-balance sheet receivables financing
to on-balance sheet		155
Other, net		(152	)
Free Cash Flow (Non-GAAP)	$	641

Non-core asset sales and other		66
Cash generation (Non-GAAP)	$	707


* Primarily represents changes in accrued taxes, accrued interest, and other working capital items.

The GAAP to Non-GAAP reconciliation statements are available on the Investor Information section of FirstEnergy Corp.'s website at www.firstenergycorp.com/ir.

FirstEnergy Corp.

2005 Cash Flow Guidance


Reconciliation of 2005 Estimated Cash from Operating Activities (GAAP) to
Estimated Free Cash Flow (Non-GAAP) and Estimated Cash Generation (Non-GAAP)
(in millions)

Net Cash from Operating Activities:

GAAP Earnings Guidance	$	887 - $937
Adjustments:
Depreciation		578
Amortization of regulatory assets		1,277
Deferral of new regulatory assets		(381	)
Deferred purchased power costs		(390	)
Deferred income taxes and ITC, net		23
Conversion of off-balance sheet receivables financing
to on-balance sheet		(155	)
Ohio School Council's prepayment for electric service, net		220
Other, including changes in working capital		(27	)
Net Cash from Operating Activities (GAAP)	$	2,057

Other Items:

Capital expenditures		(1,005	)
Nuclear fuel fabrication		(80	)
Contributions to nuclear decommissioning trusts		(100	)
Common stock dividends		(542	)
Conversion of off-balance sheet receivables financing
to on-balance sheet		155
Other, net		50
Free Cash Flow (Non-GAAP)	$	535

Non-core asset sales		85
Cash Generation (Non-GAAP)	$	620



The GAAP to Non-GAAP reconciliation statements are available on the Investor Information
section of FirstEnergy Corp.'s website at www.firstenergycorp.com/ir.

FirstEnergy Corp.

2006 Cash Flow Guidance


Reconciliation of 2006 Estimated Cash from Operating Activities (GAAP) to
Estimated Free Cash Flow (Non-GAAP) and Estimated Cash Generation (Non-GAAP)
(in millions)

Net Cash from Operating Activities:

GAAP Earnings Guidance	$	1,120 - $1,185
Adjustments:
Depreciation		595
Amortization of regulatory assets		870
Deferral of new regulatory assets		(90	)
Deferred purchased power costs		(380	)
Deferred income taxes and ITC, net		(110	)
Other, including changes in working capital		32
Net Cash from Operating Activities (GAAP)	$	2,070

Other Items:

Capital expenditures		(1,000) - (1,100	)
Nuclear fuel fabrication		(160	)
Common stock dividends		(570	)
Other, net		40
Free Cash Flow (Non-GAAP)	$	280 - $380

Non-core asset sales		20
Cash Generation (Non-GAAP)	$	300 - $400

The GAAP to Non-GAAP reconciliation statements are available on the Investor Information section of FirstEnergy Corp.'s website at www.firstenergycorp.com/ir.

RECENT DEVELOPMENTS

Second 2005 Common Stock Dividend Payment Increase

On September 20, 2005, FirstEnergy Corp.'s Board of Directors declared a quarterly dividend of 43 cents per share of outstanding common stock, a 4.2 percent increase over the previous quarterly rate of 41.25 cents per share, payable December 1, 2005. With this second payment increase in 2005, the new indicated annual dividend will be $1.72 per share. This establishes the base upon which the Board is expected to apply its targeted annual growth rate of 4 to 5 percent for dividends to be paid next year.

Rating Agency Upgrades

On October 3, 2005, Standard & Poor's Ratings Services (S&P) raised its corporate credit rating on FirstEnergy Corp. and all affiliated operating utilities to 'BBB' from 'BBB-'. At the same time, S&P raised the senior unsecured ratings on the utility holding company’s senior unsecured debt to 'BBB-' from 'BB+'. S&P stated that the upgrade follows the continuation of a good operating track record, specifically for the nuclear fleet through the third quarter of 2005.

Record Generation Output

FirstEnergy set new generation output records of 21.7 million MWhs in the third quarter and 59.5 million MWhs for the first nine months of the year.

Intra-System Generation Asset Transfers

On October 24, 2005, Ohio Edison Company (OE), The Cleveland Electric Illuminating Company (CEI), The Toledo Edison Company (TE), and Pennsylvania Power Company (Penn) completed an intra-system transfer of fossil and hydroelectric (non-nuclear) generation assets to FirstEnergy Generation Corp. (FGCO). FGCO purchased the utilities’ interests in currently operating non-nuclear units for an aggregate purchase price of approximately $1.6 billion (OE - $980 million; CEI - $389 million; TE - $88 million; Penn - $125 million). FGCO also assumed certain assets and liabilities relating to the purchased units. The transferred assets do not include leasehold interests of CEI and TE in certain units under existing sale and leaseback arrangements. FirstEnergy anticipates completion of the intra-system transfer of nuclear generation assets at book value by the end of the year.

Competitive Bid Process Schedule in Ohio

On September 28, 2005, the Public Utilities Commission of Ohio (PUCO) approved the schedule for the second Competitive Bid Process (CBP) for FirstEnergy's Ohio regulated retail load. The CBP bidding to potentially provide firm generation service for 2007 and 2008 actual load requirements will commence on March 21, 2006 and the PUCO will determine the acceptance or rejection of the CBP results within two business days after the completion of the auction. Full details on the CBP can be found at www.firstenergy-auction.comhttp://www.firstenergy-auction.com.

Rate Certainty Plan Filing in Ohio

On September 9, 2005, OE, CEI, and TE filed a Rate Certainty Plan (RCP) that, if approved by the PUCO, would essentially maintain current electricity prices through 2008. The RCP has been designed to provide customers with lower, more certain rate levels than otherwise available under the Rate Stabilization Plan (RSP) during the Plan period, and to provide the Companies with financial results generally comparable to those attainable under the RSP. Several parties joined in a Stipulation and Recommendation to support the RCP and the PUCO’s approval of the Application. Signatory parties included the Industrial Energy Users - Ohio, the Ohio Energy Group and the cities of Cleveland, Akron, and Parma. The PUCO has scheduled the evidentiary hearing on the RCP proposal to commence on November 29, 2005.

Competitive Electricity Supply for Penn Power

On October 11, 2005, Penn filed a plan with the Pennsylvania Public Utility Commission to secure electricity supply for its customers at set rates following the end of the transition period established for Penn under the state’s electric competition law. Penn is recommending that a Request for Proposal (RFP) process be used to secure electricity from third-party suppliers for the period January 1, 2007 through May 31, 2008. Penn’s proposal provides that the RFP be managed by an independent consultant and seek bids on approximately 900 megawatts of electricity in 18 increments of approximately 50 megawatts each. Any one supplier would be limited to no more than 12 increments, or 600 megawatts of the total load.

Forward-Looking Statements: This Consolidated Report to the Financial Community 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 our regulated utilities to collect transition and other charges, maintenance costs being higher than anticipated, legislative and regulatory changes (including revised environmental requirements), the uncertainty of the timing and amounts of the capital expenditures (including that such amounts could be higher than anticipated) or levels of emission reductions related to the settlement agreement 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 United States Attorney's Office and the Nuclear Regulatory Commission as disclosed in our Securities and Exchange Commission filings, generally, and with respect to the Davis-Besse Nuclear Power Station outage and heightened scrutiny at the Perry Nuclear Power Plant in particular, the availability and cost of capital, the continuing availability and operation of generating units, the ability of our generating units to continue to operate at, or near full capacity, our inability to accomplish or realize anticipated benefits from strategic goals (including the proposed transfer of nuclear generation assets), our ability to improve electric commodity margins and to experience growth in the distribution business, any decision of the Pennsylvania Public Utilities Commission regarding the plan filed by Pennsylvania Power Company on October 11, 2005 to secure electricity supply for its customers at a set rate, our ability to access the public securities and other capital markets, 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 final outcome in the proceeding related to FirstEnergy's Application for a Rate Stabilization Plan in Ohio, including, but not limited to, Public Utilities Commission of Ohio's acceptance of our September 9, 2005 Rate Certainty Plan filing, the risks and other factors discussed from time to time in our Securities and Exchange Commission filings, and other similar factors. Dividends declared from time to time during any annual period may in aggregate vary from the indicated amounts due to circumstances considered by the Board at the time of the actual declarations. A security rating is not a recommendation to buy, sell or hold securities and it may be subject to revision or withdrawal at any time. FirstEnergy expressly disclaims any current intention to update any forward-looking statements contained herein as a result of new information, future events, or otherwise.

FirstEnergy (FE) 8-KFirstenergy Reports Higher Third Quarter Earnings