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Case Record For:

05-1428-EL-AIS

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Case Title: THE OHIO EDISON COMPANY
Status: OPEN-OPEN
Industry Code: EL-ELECTRIC
Purpose Code: AIS-Application to issue stocks/securities
Date Opened: 11/21/2005
Date Closed:
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Date FiledSummaryPages
02/01/2006Service Notice1
02/01/2006Finding and Order, Ordered that the Commission Order dated December 16, 1988, in Case No. 88-1602-EL-AIS, be amended and supplemented to authorize applicant to (i) enter into an Amended and Restated Receivable Purchase Agreement between OES Capital and Applicant, (ii) enter into the Subordinated Note by OES Capital in favor of the Applicant and (iii) eliminate the limitations in the Prior Order that OES Capital not borrow from the applicant other than through additional equity contributions, and that the applicant's equity contribution in OES Capital be limited to an amount not to exceed twenty percent of OES Capital's total capitalization, as described in the application and exhibits; that the Commission reserves the right to reopen this proceeding at anytime as it deems necessary and appropriate; that the execution of the Amended and Restated Receivables Purchase Agreement and the transactions contemplated therein shall be in compliance with applicants' electric transition plan filed in Case No. 99-1212-EL-ETP; that in all other respects the Commission Order December 16, 1988 in Case No. 88-1602-EL-AIS, shall remain in full force and effect.4
11/29/2005Letter informing that it will serve to incorporate the receivable purchase agreement as an amendment to the application of Ohio Edison Company filed by R. Scilla.13
11/21/2005In the matter of the application of Ohio Edison Company for supplemental authority to enter into further transactions relating to the transfer of accounts receivables to a non-utility subsidiary.30
 
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