Sent: Wednesday, April 11, 2001 12:19 PM Subject: File No. S7-07-01 Jonathan G. Katz Secretary, Securities and Exchange Commision 450 5th Street, N.W. Washington, D.C. 20549-0609 Dear Mr. Katz, We are pleased to see the SEC's proposed rule amendments to recordkeeping requirements for registered public utility holding companies. However, we feel there is an undue burden for companies to follow 257.1 (e) (2) (iii) - "Separately store, for the time required for preservation of the original record, a duplicate copy of the record stored on the micrographic or electronic media or any media allowed by this section." We feel that companies should be allowed to decide what needs to be kept in duplicate and how long those duplicates need to be retained. Rationale: Once a record has become dormant (inactive), there is most often no justification to keep a copy of that record for the remainder of the original's retention period. This practice will essentially double the cost of managing that record through the inactive part of its life-cycle. Generally, a record is only kept in duplicate at a separate location when that record is considered vital to the ongoing operation of the company. This usually applies to only about 2% of the total records volume as determined by the individual organization. We believe that 257.1 (e) (2) (iii) should not be included in the proposed amendments. Mr. Lorrin Read, CRM Director, Corporate Records Management FirstEnergy Corporation Akron, OH 44308-1890 readl@firstenergycorp.com