Exhibit 1-1

FIRSTENERGY VENTURES CORP.

Consolidated Balance Sheet (Unaudited)

                   December 31, 2004                    

(In Thousands)

ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	-
Receivables:
Associated companies		11,562
Other		3,168
Notes receivable from associated companies		51,090
Material and supplies		551
Prepayments and other		2,236
		68,607
PROPERTY, PLANT AND EQUIPMENT:
In service		204,099
Less: Accumulated provision for depreciation		31,634
		172,465
Construction work in progress		-
		172,465
INVESTMENTS:
Other		32,006
		32,006
DEFERRED CHARGES:
Goodwill		67
Other		2,824
		2,891
TOTAL ASSETS	$	275,969
LIABILITIES & CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt	$	3,702
Notes payable to associated companies		1,128
Accounts payable
Other		463
Associated companies		8,298
Accrued taxes		1,469
Accrued interest		2,862
Other		26
		17,948
CAPITALIZATION:
Common stockholder’s equity		110,446
Long-term debt		134,029
		244,475
DEFERRED CREDITS:
Accumulated deferred income taxes		7,965
Other		5,581
		13,546
TOTAL LIABILITIES & CAPITALIZATION	$	275,969

Exhibit 1-1

FIRSTENERGY VENTURES CORP.

Consolidated Statement of Operations (Unaudited)

(In Thousands)

	Three Months			Twelve Months
	Ended			Ended
	Dec. 31, 2004			Dec. 31, 2004
REVENUES	$	9,572		$	37,402
EXPENSES:
Fuel expense		1,235			4,605
Other operating expenses		3,612			14,199
Provision for depreciation
and amortization		2,560			10,236
General taxes		174			248
Total expenses		7,581			29,288
INCOME BEFORE INTEREST
& INCOME TAXES		1,991			8,114
NET INTEREST CHARGES:
Interest expenses		2,203			8,961
Capitalized interest		-			-
Net interest charges		2,203			8,961
INCOME TAXES		282			49
NET LOSS	$	(494	)	$	(896	)