FirstEnergy files transco application:
FirstEnergy asked FERC for permission to transfer all of its transmission facilities to a privately owned transmission company, American Transmission Systems (ATSI). FirstEnergy companies that would transfer transmission assets include: Ohio Edison, Cleveland Electric Illuminating, Toledo Edison and Pennsylvania Power. FirstEnergy is attempting to comply with FERC`s November order that asked the company to develop a plan outlining its participation in the Midwest ISO or another appropriate regional transmission organization (RTO). The company says transfer of transmission assets to ATSI is an interim step necessary for the subsequent transfer of transmission facilities to the RTO.