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) August 23, 2002

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, Ohio  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 9.  Regulation FD Disclosure

           On August 23, 2002, FirstEnergy Corp. updated the investment
community on activities associated with efforts to return the Davis-Besse
Nuclear Power Station to service in a safe and reliable manner.

Nuclear Regulatory Commission (NRC) Inspection Manual Chapter (IMC) 0350 Restart
Process - August 20, 2002 Public Meeting

           The NRC's IMC 0350 panel held one of its monthly status meetings on
the Davis-Besse restart efforts in Oak Harbor, Ohio on August 20, 2002. During
the public meeting, the NRC reviewed the status of current NRC inspection
activities at the plant, including the status of the NRC's follow-up inspection
to the Augmented Inspection Team (AIT) investigation.

           NRC inspection activities currently underway or planned for the near
term include:

           o  New reactor vessel head and code data package
           o  Opening and closing of the Davis-Besse containment building
           o  Program compliance building block
           o  Management and human performance building block
           o  Systems health building block

           The NRC mentioned that the AIT follow-up inspectors reviewed their
findings with Davis-Besse management on August 9, 2002. The NRC indicated that
the inspection identified apparent violations in the following five areas:

           o  Technical specifications related to pressure boundary leakage
           o  Adequacy of corrective actions
           o  Adhering to procedures
           o  Adequacy of procedures
           o  Completeness and accuracy of documentation

           The results of the inspection will be published in the upcoming NRC
Report 02-08. The apparent violations will remain as unresolved items until the
NRC completes its significance determination of the degradation of the reactor
vessel head. Additionally, the NRC stated that another NRC inspection of
implementation of Davis-Besse's containment health assurance plan had identified
two violations involving inspector qualifications and acceptance criteria for
inspection, and that Davis-Besse is in the process of re-performing the
containment health assurance inspections using appropriately qualified
inspectors and criteria.

           FirstEnergy Nuclear Operating Company (FENOC) management reviewed the
results of FirstEnergy's Root Cause Analysis Report that was provided to the NRC
on August 15, 2002 (see Root Cause Analysis Report section below). The overview
included a description of the root causes and planned corrective actions.

           FENOC management also provided updates on Davis-Besse's return to
service plan including progress on restart action milestones and towards meeting
the improved expectations for safe and reliable operations. Progress on some of
the key restart action milestones include:

           o  Completion of system health assurance walkdowns
           o  Near completion of containment building inspections
           o  Completion of containment shield building cutting
           o  Initiated containment building painting
           o  Began containment polar crane modifications
           o  Began containment air cooler refurbishment
           o  Prepared existing reactor head for removal


           o  Prepared reactor head service structure for installation on
              replacement reactor head
           o  Initiated inspections under the containment vessel
           o  Established  independent  oversight  review panel of industry
              experts to provide advice and  recommendations  in FirstEnergy's
              restart efforts
           o  Established performance indicators to track progress on building
              block plans, NRC 0350 Panel restart issues, and new management
              and human performance improvement initiatives
           o  Finalized and provided FirstEnergy's Root Cause Analysis Report to
              the NRC on August 15, 2002.

           The NRC representatives assured the public that they will be
conducting thorough reviews during their inspection activity to ensure that
performance improvements are being made and that the proper nuclear safety focus
has been established. The NRC representatives indicated that they believe that
the management and human performance improvement plan would likely be the
"pacing issue" for restart.

Root Cause Analysis Report -Provided to NRC on August 15, 2002

           A significant restart milestone was recently achieved with the
finalizing of FirstEnergy's Root Cause Analysis Report, which addresses the
management and organizational issues that contributed to the reactor head
corrosion problem. This report, which was provided to the NRC on August 15, 2002
and formally filed with the NRC the following week, was the subject of an NRC
public meeting held at the NRC's Region III headquarters on August 15, 2002. The
report, authored by a team of nuclear experts, provided a self-critical
evaluation of the human performance and management factors that contributed to
missed opportunities for earlier detection and prevention of the reactor head
corrosion problem. The report states, among other things, that plant management
and personnel:

           o  Did an inadequate job of implementing the Corrective Action
              Program, which is designed to promptly identify and resolve
              problems like those leading to the corrosion
           o  Did not integrate key industry  information and site knowledge and
              experience,  nor adequately  compare new information  with
              baseline knowledge
           o  Failed to comply with the plant's existing Boric Acid Corrosion
              Control program.

           The report concludes that the underlying root cause was the focus on
production, combined with minimum actions to meet regulatory requirements, which
resulted in the acceptance of degraded conditions.

           Other observations by the team include a need for improving training
for those personnel conducting boric acid inspections, increasing management
involvement and oversight of field activities, and realigning the incentive pay
program to increase emphasis on safety.

           The NRC stated that FENOC's root cause analysis appears to address
all of the NRC's issues. Additionally, at the August 20, 2002 public meeting,
the NRC stated that FENOC's planned corrective actions provide a good road map
for going forward, and that the NRC was looking forward to receiving FENOC's
detailed management improvement plan.

Davis-Besse Restart Timing and Outage Cost Impact

           FirstEnergy continues to project that replacement of the Davis-Besse
reactor vessel head and other ancillary maintenance work can be completed on a
schedule to support restart of the plant by year-end, recognizing however, that
the NRC must approve resumption of operations at the unit under their IMC 0350
restart process.


           The estimated incremental cost impacts for the identified work scope,
as previously communicated, are:

           o  $55 million to $75 million of mostly capital expenditures to
              replace the reactor vessel head
           o  $50 million to $70 million of mostly O&M  expenditures  for
              additional  maintenance,  including the  acceleration  of various
           o  $10 million - $15 million per month for replacement power for the
              non-summer months
           o  $20 million per month for replacement power in the summer months
              of July and August.

Davis-Besse Replacement Energy Status

           FirstEnergy is fully hedged for its 850 megawatts of on-peak
replacement energy supply for Davis-Besse through the end of 2002, and although
it expects the plant will be ready to return to service before year-end,
FirstEnergy also made some on-peak power purchases for the early months of 2003.

Updates on Other Items

           FirstEnergy continues to execute the key elements of its business
plans for 2002:

           o  On August 8, 2002, FirstEnergy canceled the sale of four
              coal-fired power plants (Lake Plants) to NRG Able Acquisition
              LLC because of an anticipatory breach of certain obligations in
              the agreement. While reserving FirstEnergy's right to pursue
              legal action against NRG, its affiliate, and its parent Xcel
              Energy for damages, FirstEnergy has begun scheduling management
              presentations and plant site visits with numerous parties that
              have expressed interest in acquiring the Lake Plants.

           o  FirstEnergy  is also  proceeding  with  efforts to divest its
              remaining  20.1%  ownership  position in Avon  Energy  Partners

           o  Although the actual timing for completion of the asset sales is
              slightly behind FirstEnergy's desired schedule, FirstEnergy
              nonetheless continues to demonstrate substantial progress on its
              debt reduction objectives. With the sale of a 79.9% interest in
              Avon Energy Partners Holdings and free cash flow, FirstEnergy
              will reduce debt and preferred equity by approximately $3.0
              billion by year-end. This will reduce its consolidated debt
              ratio from the 66% level at December 31, 2001 to the low-60%
              level by the end of 2002. In addition, with the anticipated
              increase in free cash flow, along with asset sale proceeds,
              FirstEnergy expects to continue to significantly reduce leverage
              in 2003.

           o  FirstEnergy continues to make progress on capturing cost savings
              associated with its merger with the former GPU, Inc. and from
              new cost reduction initiatives undertaken this year. For the
              year, FirstEnergy's earnings guidance remains at $3.30 to $3.45
              per share, excluding the effect of the Davis-Besse extended
              outage and any potential adjustments related to Emdersa,
              FirstEnergy's Argentine distribution asset, should it be unable
              to enter into a definitive sale agreement by November 6, 2002.
              Looking ahead to 2003, FirstEnergy's earnings target will be in
              the range of $3.70 to $3.90, which reflects 7% - 8% growth from
              its original 2002 earnings guidance of $3.45 to $3.65.

           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, legislative and regulatory changes (including revised environmental
requirements), the availability and cost of capital, ability to accomplish or
realize anticipated benefits from strategic initiatives and other similar



           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.

August 23, 2002

                                            FIRSTENERGY CORP.

                                        THE CLEVELAND ELECTRIC
                                         ILLUMINATING COMPANY

                                       THE TOLEDO EDISON COMPANY

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