Exhibit 1-1

FIRSTENERGY VENTURES CORP.

Consolidated Balance Sheet (Unaudited)

                   March 31, 2005                  

(In Thousands)

ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	-
Receivables:
Associated companies		3,688
Other		2,100
Notes receivable from associated companies		43,668
Material and supplies		555
Prepayments and other		2,414
		52,425
PROPERTY, PLANT AND EQUIPMENT:
In service		204,099
Less: Accumulated provision for depreciation		34,182
		169,917
Construction work in progress		-
		169,917
INVESTMENTS:
Other		42,027
		42,027
DEFERRED CHARGES:
Goodwill		67
Other		2,779
		2,846
TOTAL ASSETS	$	267,215
LIABILITIES & CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt	$	3,675
Notes payable to associated companies		938
Accounts payable
Other		446
Associated companies		288
Accrued taxes		1,159
Accrued interest		715
Other		-
		7,221
CAPITALIZATION:
Common stockholder’s equity		110,676
Long-term debt		134,006
		244,682
DEFERRED CREDITS:
Accumulated deferred income taxes		9,117
Other		6,195
		15,312
TOTAL LIABILITIES & CAPITALIZATION	$	267,215

  Exhibit 1-1

FIRSTENERGY VENTURES CORP.

Consolidated Statement of Operations (Unaudited)

(In Thousands)

	Three Months
	Ended
	March 31, 2005
REVENUES	$	10,942
EXPENSES:
Fuel expense		1,244
Other operating expenses		4,476
Provision for depreciation and amortization		2,557
General taxes		62
Total expenses		8,339
INCOME BEFORE INTEREST & INCOME TAXES		2,603
NET INTEREST CHARGES:
Interest expenses		2,201
Capitalized interest		-
Net interest charges		2,201
INCOME TAXES		172
NET INCOME	$	230