KRON, Ohio, Aug. 27 (AP) The FirstEnergy
Corporation, an electric utilities holding company under
investigation for its role in the Aug. 14 blackout, said today that
it intends to issue $500 million to $750 million in additional
FirstEnergy said in a notice to the Securities and Exchange
Commission that, depending on market conditions, it expected to
issue the stock "in a timely manner" if the agency approved its
The company said it would use the proceeds to reduce debt,
something the company has been under pressure to do.
The filing was unrelated to the blackout investigation, Kristin
Baird, a spokeswoman, said.