SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 1-446
(Check one)
[ ] Form 10-K [ ] Form 11-K [ ] Form 20-F
[X] Form 10-Q [ ] Form N-SAR
For period ended: June 30, 2003
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the transition period ended
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Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
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PART I
REGISTRANT INFORMATION
Full name of registrant: Metropolitan Edison Company
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Former name if applicable:
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Address of principal executive office (Street and number):
76 South Main Street
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City, state and zip code: Akron, Ohio 44308
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PART II
RULE 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort
or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate.)
(a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable
effort or expense
[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, 10-KSB, 20-F, 11-K or Form N-SAR, or
portion thereof will be filed on or before the 15th
calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q,
10-QSB, or portion thereof will be filed on of before the
fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K,
20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
Metropolitan Edison Company's Form 10-Q is part of a combined filing
with its parent company, FirstEnergy Corp. The Quarterly Report on Form 10-Q for
the quarter ended June 30, 2003 could not be filed within the prescribed time
period due to FirstEnergy's restatement of earnings for the year ended December
31, 2002 and the first quarter of 2003, to reflect a change in the method of
amortizing costs being recovered under the Ohio transition plan and recognition
of above-market values of certain leased generation facilities.
The restatements related to FirstEnergy and its Ohio subsidiaries do
not affect the financial statements of Metropolitan Edison Company, only the
timing of the filing of its Form 10-Q for the quarter ended June 30, 2003.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification.
Harvey L. Wagner 330-384-5296
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or
15(d) or the Securities Exchange Act of 1934 or Section 30 of
the Investment Company Act of 1940 during the preceding 12
months or for such shorter period that the registrant was
required to file such report(s) been filed? If the answer is
no, identify report(s). [X] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal
year will be reflected by the earnings statements to be
included in the subject report or portion thereof?
[X] Yes [ ] No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be
made.
Net income in the second quarter of 2003 decreased to $12.9 million
from $16.0 million in the second quarter of 2002. During the first six months of
2003, net income decreased to $29.9 million from $42.6 million in the first six
months of 2002. Results in both periods were adversely affected by reduced sales
margins driven by lower generation kilowatt-hour sales.
METROPOLITAN EDISON COMPANY
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Registrant
Has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: August 15, 2003 By /s/ Harvey L. Wagner
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Harvey L. Wagner
Vice President and Controller