SECURITIES AND EXCHANGE COMMISSION
Washington, DC
FORM U-6B-2
Certificate of Notification
Certificate is filed by: The Cleveland Electric Illuminating Company
("Cleveland Electric"), a wholly owned subsidiary of FirstEnergy Corp., a
registered holding company, pursuant to Rule U-20(d) and Rule U-52(c) adopted
under the Public Utility Holding Company Act of 1935.
This certificate is notice that the above named company has issued, renewed
or guaranteed the security or securities described herein which issue, renewal
or guaranty was exempted from the provisions of Section 6(a) of the Act and was
neither the subject of a declaration or application on Form U-1 nor included
within the exemption provided by Rule U-48.
1. Type of securities:
In connection with the issuance and sale by the Ohio Air Quality
Development Authority (the "Authority") of $78,700,000 aggregate principal
amount of State of Ohio Pollution Control Revenue Refunding Bonds, Series
2002-A (The Cleveland Electric Illuminating Company Project) (the
"Authority Bonds"), Cleveland Electric issued its Air Quality Facilities
Note, Series 2002-A in the principal amount of $78,700,000 (the "Note")
evidencing its obligation to repay the Authority's loan to it of the
proceeds of the sale of the Authority Bonds pursuant to a Loan Agreement
dated as of July 1, 2002 (the "Loan Agreement") between Cleveland Electric
and the Authority. Pursuant to the Loan Agreement, Cleveland Electric is
obligated to make payments in such amounts and at such times as will be
sufficient to pay, when due, the principal of, premium, if any, and
interest on, the Authority Bonds.
2. Issue, renewal or guaranty:
Issue.
3. Principal amount of each security:
$78,700,000
4. Rate of interest per annum of each security:
The Note will bear interest at the rate of interest borne by the Authority
Bonds. The Authority Bonds will accrue interest from the date of issuance
to maturity at a rate of 6.0% per annum.
5. Date of issue, renewal or guaranty of each security:
July 16, 2002.
6. If renewal of security, give date of original issue:
Not applicable.
7. Date of maturity of each security:
December 1, 2013, subject to prepayment or prior redemption.
8. Name of the person to whom each security was issued, renewed or guaranteed:
The Note was issued by Cleveland Electric to J.P. Morgan Trust Company,
National Association, as trustee for the Authority Bonds, for the benefit
of the holders of the Authority Bonds.
9. Collateral given with each security:
None.
10. Consideration given for each security:
Cleveland Electric issued the Note in consideration of the loan by the
Authority to Cleveland Electric of the proceeds of the sale of the
Authority Bonds.
11. Application of proceeds of each security:
The proceeds of the sale of the Authority Bonds loaned to Cleveland
Electric will be used to pay a portion of the cost of redeeming the
outstanding $78,700,000 aggregate principal amount of the Authority's State
of Ohio Collateralized Pollution Control Revenue Refunding Bonds, Series
1992 (The Cleveland Electric Illuminating Company Project).
12. Indicate by a check after the applicable statement below whether the issue,
renewal or guaranty of each security was exempt from the provisions of Section
6(a) because of:
(a) the provisions contained in the first sentence of Section 6(b) [ ]
(b) the provisions contained in the fourth sentence of Section 6(b) [ ]
(c) the provisions contained in any rule of the Commission other than Rule
U-48 [x]
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13. If the security or securities were exempt from the provisions of Section
6(a) by virtue of the first sentence of Section 6(b), give the figures which
indicate that the security or securities aggregate (together with all other then
outstanding notes and drafts of a maturity of nine months or less, exclusive of
days of grace, as to which such company is primarily or secondarily liable) not
more than 5 percentum of the principal amount and par value of the other
securities of such company then outstanding. (Demand notes, regardless of how
long they may have been outstanding, shall be considered as maturing in not more
than nine months for purposes of the exemption from Section 6(a) of the Act
granted by the first sentence of Section 6(b)):
Not applicable.
14. If the security or securities are exempt from the provisions of Section
6(a) because of the fourth sentence of Section 6(b), name the security
outstanding on January 1, 1935, pursuant to the terms of which the security or
securities herein described have been issued:
Not applicable.
15. If the security or securities are exempt form the provisions of Section
6(a) because of any rule of the Commission other than Rule U-48, designate
the rule under which exemption is claimed.
Rule 52.
THE CLEVELAND ELECTRIC ILLUMINATING
COMPANY
By: \s\Thomas Navin
---------------------------------
Thomas Navin
Treasurer
Date: July 24, 2002
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