New York, November 30, 2012 -- - Pennsylvania Economic Development Financing Authority Exempt Facilities Revenue Bonds Series 2002 A (Shippingport Project)

- Beaver County Industrial Development Authority (Beaver County, Pennsylvania) Pollution Control Revenue Refunding Bonds Series 2008-C (AMT) (FirstEnergy Generation Project)

- Ohio Air Quality Development Authority, Ohio State Pollution Control Revenue Refunding Bonds, Series 2008-C (FirstEnergy Nuclear Generation Corp. Project)

- Ohio Water Development Authority State of Ohio Pollution Control Revenue Refunding Bonds Series 2008-C (AMT) (FirstEnergy Nuclear Generation Project)

Moody's Investors Service has, at the obligor's request, reviewed the documents submitted to us in connection with the above captioned issues (the "Bonds"). FirstEnergy Generation Corp.and FirstEnergy Nuclear Generation Corp. have elected to convert the interest rate mode of the Bonds to the daily rate mode. Letters of credit will also be issued by the Bank of Nova Scotia (the "Bank") to provide credit and liquidity support to the Bonds. On the date of the issuance of the letters of credit, currently scheduled for December 3, 2012, Moody's expects to assign long-term joint default (JDA) ratings of Aa1 and short-term ratings of VMIG 1 to the Bonds. The long-term ratings are expected to be under review for possible downgrade.

Upon the effective date, the long-term joint default ratings will be based on the letters of credit provided by the Bank, the rating of FirstEnergy Solutions Corp., ("FirstEnergy") as guarantor for FirstEnergy Generation Corp. and FirstEnergy Nuclear Generation Corp. and the default dependence level between the Bank and FirstEnergy. Any change in the long-term rating of the Bank or FirstEnergy or any change in the default dependence level between the Bank and FirstEnergy, as determined by Moody's, will result in reevaluation of the long-term joint default ratings. The short-term ratings are based on the letters of credit provided by the Bank and will be changed whenever the Bank's short-term rating is changed.

Moody's currently rates the Bank's senior unsecured long-term and short-term obligations Aa1 and P-1. The Banks long-term senior unsecured ratings are currently under review for downgrade. FirstEnergy is currently rated Baa3.

Moody's will publish a more detailed rating update report upon the effective date of the substitute letters of credit.

Josephine Castro Analyst Public Finance Group Moody'sInvestors Service, Inc.250 Greenwich StreetNew York, NY 10007 U.S.A. JOURNALISTS: 212-553-0376 SUBSCRIBERS: 212-553-1653Thomas Jacobs VP - Senior Credit Officer Public Finance Group JOURNALISTS: 212-553-0376 SUBSCRIBERS: 212-553-1653 Releasing Office: Moody's Investors Service, Inc.250 Greenwich StreetNew York, NY 10007 U.S.A. JOURNALISTS: 212-553-0376 SUBSCRIBERS: 212-553-1653(C) 2012 Moody's Investors Service, Inc. and/or its licensors and affiliates (collectively, "MOODY'S"). All rights reserved.

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