1031296--3/2/2006--CLEVELAND_ELECTRIC_ILLUMINATING_CO

related topics
{operation, natural, condition}
{condition, economic, financial}
{cost, operation, labor}
{gas, price, oil}
{capital, credit, financial}
{cost, regulation, environmental}
{cost, contract, operation}
{financial, litigation, operation}
{loss, insurance, financial}
{regulation, change, law}
{debt, indebtedness, cash}
Risks Arising from the Reliability of Our Power Plants and Transmission and Distribution Equipment Changes in Commodity Prices Could Adversely Affect Our Profit Margins Nuclear Generation Involves Risks that Include Uncertainties Relating to Health and Safety, Additional Capital Costs, the Adequacy of Insurance Coverage and Nuclear Plant Decommissioning Regulatory Changes in the Electric Industry Could Affect Our Competitive Position and Result in Unrecoverable Costs Adversely Affecting Our Business and Results of Operations We Are Exposed to Operational, Price and Credit Risks Associated With Selling and Marketing Products in the Power Markets That We Do Not Always Completely Hedge Against Complex and Changing Government Regulations Could Have a Negative Impact on Our Results of Operations Costs of Compliance with Environmental Laws are Significant, and the Cost of Compliance with Future Environmental Laws Could Adversely Affect Cash Flow and Profitability There Are Uncertainties Relating to Our Participation in the PJM and MISO Regional Transmission Organizations Weather Conditions such as Tornadoes, Hurricanes, Ice Storms and Droughts, as Well as Seasonal Temperature Variations Could Have a Negative Impact on Our Results of Operations We Are Subject to Financial Performance Risks Related to the Economic Cycles of the Electric Utility Industry The Continuing Availability and Operation of Generating Units is Dependent on Retaining the Necessary Licenses, Permits, and Operating Authority from Governmental Entities, Including the NRC We Face Certain Human Resource Risks Associated with the Availability of Trained and Qualified Labor to Meet Our Future Staffing Requirements Our Risk Management Policies Relating to Energy and Fuel Prices, and Counterparty Credit are by Their Very Nature Risk Related, and We Could Suffer Economic Losses Despite Such Policies Interest Rates and/or a Credit Ratings Downgrade Could Negatively Affect Our Financing Costs and Our Ability to Access Capital We Must Rely on Cash From Our Subsidiaries We May Ultimately Incur Liability in Connection with Federal Proceedings Acts of War or Terrorism Could Negatively Impact Our Business

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