| Deal Description | Ohio Edison Company used the proceeds from this transaction for its construction program and for increasing its investment in the common stock of its subsidiary, Pennsylvania Power Company. The construction program included the completion of the sixth and seventh units at the Toronto steam-electric generating plant, the completion of the third unit at the R. E. Burger steam-electric generating plant in Belmont County, Ohio, and the construction on the Mahoning River adjacent to the city of Niles, Ohio, of a new steam-electric generating plant to house a generating unit and a second unit at a future date. |
|---|
