SEC FILE NO. 70-9599
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CERTIFICATE PURSUANT TO
RULE 24
OF PARTIAL COMPLETION OF
TRANSACTIONS
FIRSTENERGY CORP.
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:
In the matter of :
FirstEnergy Corp. : Certificate Pursuant
: to Rule 24 of Partial
: Completion of
: Transactions
:
SEC File No. 70-9599 :
(Public Utility Holding Company Act :
of 1935) :
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TO THE MEMBERS OF THE SECURITIES AND EXCHANGE COMMISSION:
The undersigned, FirstEnergy Corp. (FirstEnergy) hereby certifies pursuant to Rule 24 of the General Rules and Regulations under the Public Utility Holding Company Act of 1935 (the Act), that certain of the transactions proposed in the Application filed in SEC File No. 70-9599 have been carried out in accordance with the Commission's Order dated April 14, 2000, as follows:
A copy of the unaudited consolidated financial statements of MYR Group Inc. (MYR) (including a consolidated balance sheet and statement of income) as of and for the twelve months ended September 30, 2003 is attached as Exhibit A.
A schedule setting forth the segment revenue for the quarter ended September 30, 2003 for each of MYR's business segments (Exhibit B) is being filed separately pursuant to a request for confidential treatment under Rule 104(b) of the Act.
During the quarter ended September 30, 2003, MYR performed significant T&D services for its customers. T&D generated approximately 63.8% of MYR's total revenue for the quarter. A significant portion of this work continued to be performed for a core base of electric utility clients in Tennessee, Michigan, California and Colorado.
There was no significant business activity to report for the quarter ended September 30, 2003.
There was no significant business activity to report for the quarter ended September 30, 2003.
During the quarter ended September 30, 2003, MYR performed significant C&I services for its customers. C&I revenue was approximately 31.5% of total revenue for the period. A majority of that revenue was generated by one operating subsidiary that operates primarily in the western part of the United States.
During the quarter ended September 30, 2003, services provided to associated companies consisted primarily of Harlan Electric performing various distribution projects in New Jersey and Pennsylvania for Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company. The total amount billed to associated companies for performing such services was $707,608 during the period.
SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935, THE UNDERSIGNED COMPANY HAS DULY CAUSED THIS CERTIFICATE TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED THEREUNTO DULY AUTHORIZED.
FIRSTENERGY CORP.
Date: November 21, 2003
By: /s/ Harvey L. Wagner
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Harvey L. Wagner
Vice President, Controller
and Chief Accounting Officer
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Exhibit to be Filed by EDGAR
A. Consolidated financial statements of MYR Group Inc. as of and for the twelve months ended September 30, 2003.
Exhibit A
Assets
Current Assets:
Cash and cash equivalents $ 15,065
Accounts receivable:
Customers 70,300
Other 738
Prepayments and other 18,320
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104,423
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Property, Plant and Equipment 13,548
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Investments:
Other 1,983
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1,983
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Deferred Charges:
Goodwill, net 63,136
Accumulated deferred income taxes assets 1,232
Other 62
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64,430
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Total Assets $ 184,384
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Exhibit A
Liabilities and Capitalization
Current Liabilities:
Accounts payable
Other $ 8,412
Associated companies 33
Accrued income taxes -
Other 40,540
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48,985
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Capitalization:
Common stockholder's equity 135,137
Long-term debt -
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135,137
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Deferred Credits:
Other 262
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262
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Total Liabilities and Capitalization $ 184,384
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Exhibit A
Revenues $ 447,892
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Expenses:
Other operation expenses 442,850
Provision for depreciation and amortization 1,222
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Total expenses 444,072
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Income before Taxes 3,820
Income Taxes 618
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Net Income $ 3,202
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