Washington, D. C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

          Date of Report (Date of earliest event reported) June 9, 2004

Commission       Registrant; State of Incorporation;           I.R.S. Employer
File Number      Address; and Telephone Number                Identification No.
-----------    ----------------------------------------       ------------------

333-21011      FIRSTENERGY CORP.                                  34-1843785
               (An Ohio Corporation)
               76 South Main Street
               Akron, OH  44308
               Telephone (800)736-3402

1-2578         OHIO EDISON COMPANY                                34-0437786
               (An Ohio Corporation)
               76 South Main Street
               Akron, OH  44308
               Telephone (800)736-3402

               (An Ohio Corporation)
               c/o FirstEnergy Corp.
               76 South Main Street
               Akron, OH  44308
               Telephone (800)736-3402

1-3583         THE TOLEDO EDISON COMPANY                          34-4375005
               (An Ohio Corporation)
               c/o FirstEnergy Corp.
               76 South Main Street
               Akron, OH  44308
               Telephone (800)736-3402

Item 5.  Other Events

          On June 9, 2004, The Public Utilities Commission of Ohio (PUCO) issued
an order that  included  the  following  major  modifications  to  FirstEnergy's
revised Rate Stabilization Plan application:

     o    Eliminates  the ability to  initiate a request to increase  generation
          rates except for taxes;
     o    Expands the availability of market support generation;
     o    Revises  the  kilowatt-hour  target  level  and the  time  period  for
          recovering regulatory transition charges;
     o    Establishes a 3-year competitive bid process for generation;
     o    Establishes the 2005 generation  credit for customer  shoppers,  which
          would be extended as a cap through 2008;
     o    Denies the ability to defer costs for future  recovery of distribution
          reliability improvement expenditures; and
     o    Approves the ability to accrue and defer  interest on shopping  credit
          incentive  deferrals;  however,  there was  ambiguity  as to when such
          provisions became effective.

The  Registrants  are  reviewing the PUCO's order and plan to file a request for
rehearing;  however,  they cannot predict the outcome of this proceeding at this

Forward-Looking  Statement:  This Form 8-K includes  forward-looking  statements
based on  information  currently  available to management.  Such  statements are
subject to certain risks and uncertainties.  These statements typically contain,
but  are  not  limited  to,  the  terms  "anticipate",   "potential",  "expect",
"believe",  "estimate" and similar words.  Actual results may differ  materially
due to the speed and nature of increased  competition  and  deregulation  in the
electric utility industry, economic or weather conditions affecting future sales
and  margins,  changes  in  markets  for energy  services,  changing  energy and
commodity market prices,  replacement  power costs being higher than anticipated
or  inadequately  hedged,  maintenance  costs  being  higher  than  anticipated,
legislative   and   regulatory   changes   (including   revised    environmental
requirements),  adverse  regulatory  or  legal  decisions  and  the  outcome  of
governmental  investigations  (including  revocation  of  necessary  licenses or
operating   permits),   availability   and  cost  of  capital,   the  continuing
availability  and operation of generating  units, the inability to accomplish or
realize anticipated benefits of strategic goals, the ability to improve electric
commodity  margins and to experience  growth in the distribution  business,  the
ability to access the public securities markets,  further investigation into the
causes of the August 14, 2003  regional  power outage and the outcome,  cost and
other effects of present and potential legal and administrative  proceedings and
claims related to that outage,  the final outcome in the  proceeding  related to
the Registrants'  Application for a Rate Stabilization Plan, the risks and other
factors discussed from time to time in the Registrants'  Securities and Exchange
Commission  filings,  including  their  annual  report on Form 10-K for the year
ended  December 31, 2003,  their Form 10-Q for the quarter ended March 31, 2004,
and other  similar  factors.  The  Registrants  expressly  disclaim  any current
intention to update any forward-looking statements contained in this document as
a result of new information, future events, or otherwise.



         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
each  Registrant  has duly  caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

June 14, 2004

                                                 FIRSTENERGY CORP.

                                                OHIO EDISON COMPANY

                                              THE CLEVELAND ELECTRIC
                                               ILLUMINATING COMPANY

                                             THE TOLEDO EDISON COMPANY

                                            /s/  Harvey L. Wagner
                                                 Harvey L. Wagner
                                            Vice President, Controller
                                           and Chief Accounting Officer