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) October 29, 1997
OHIO EDISON COMPANY
(Exact name of Registrant as specified in its charter)
Ohio 1-2578 34-0437786
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number) Identification No.)
76 South Main Street, Akron, Ohio 44308
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 330-384-5100
Item 1. Changes in Control of Registrant
On November 8, 1997, the merger of Ohio Edison Company
(Company) and Centerior Energy Corporation (Centerior) became
effective pursuant to the Merger Agreement, dated September 13,
1996, which was reported on Form 8-K filed by the Company on
September 17, 1996. The Federal Energy Regulatory Commission
(FERC) issued an order on October 29, 1997, conditionally approving
the transaction and the Company and Centerior notified the FERC of
their acceptance of that order on October 30, 1997. The
application of FirstEnergy Corp. (FirstEnergy) to the Securities
and Exchange Commission (SEC) under the Public Utility Holding
Company Act of 1935 to acquire the common stock of the Company,
Pennsylvania Power Company and the Centerior utility subsidiaries
was approved on November 5, 1997. Under the Merger Agreement, the
Company and Centerior formed FirstEnergy, an Ohio holding company,
which after a series of intermediate mergers will hold directly all
of the issued and outstanding common shares of the Company and all
of the issued and outstanding common shares of Centerior's direct
subsidiaries, which include, among others, The Cleveland Electric
Illuminating Company and The Toledo Edison Company. As a result of
the merger, the former common shareholders of the Company and
Centerior now own all of the outstanding shares of FirstEnergy
Common Stock. FirstEnergy's common shares are registered pursuant
to Section 12(b) of the Securities Exchange Act of 1935.
FirstEnergy common stock began trading on The New York Stock
Exchange on November 10, 1997, under the ticker symbol FE. All
other classes of capital stock of the Company and its subsidiaries
and of the subsidiaries of Centerior will be unaffected by the
Merger and will remain outstanding.
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.
OHIO EDISON COMPANY
/s/ Harvey L. Wagner
------------------------
Harvey L. Wagner
Comptroller
Dated: November 12, 1997
