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FirstEnergy Corp (FE.N)

FE.N on New York Stock Exchange

32.65USD
17 Aug 2017
Change (% chg)

$-0.04 (-0.12%)
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Latest Key Developments (Source: Significant Developments)

FirstEnergy announces Q2 GAAP earnings per share $0.39
Thursday, 27 Jul 2017 04:20pm EDT 

July 27 (Reuters) - FirstEnergy Corp :FirstEnergy announces second quarter 2017 results.Sees Q4 2017 non-GAAP operating earnings per share $0.55 to $0.70.Sees Q3 2017 non-GAAP operating earnings per share $0.75 to $0.90.Reaffirms FY 2017 non-GAAP operating earnings per share view $2.70 to $3.00.Reaffirms FY 2017 GAAP earnings per share view $1.95 to $2.25.Sees Q3 2017 GAAP earnings per share $0.73 to $0.88.Sees Q4 2017 GAAP earnings per share $0.36 to $0.51.Q2 GAAP earnings per share $0.39.Q2 revenue $3.3 billion versus I/B/E/S view $3.38 billion.Q2 non-GAAP earnings per share $0.61.Q2 earnings per share view $0.60 -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.95, revenue view $4.30 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $2.80, revenue view $14.57 billion -- Thomson Reuters I/B/E/S.  Full Article

FirstEnergy says undertaking over $600 mln in transmission projects in Pennsylvania
Wednesday, 12 Jul 2017 01:48pm EDT 

July 12 (Reuters) - FirstEnergy Corp ::FirstEnergy launches Grid Modernization Program in Pennsylvania.Undertaking more than $600 million in transmission projects through 2018.Will pursue approximately 336 projects through next year to modernize or replace transmission lines, among other services.Will build projects through new transmission affiliate company, Mid-Atlantic Interstate Transmission LLC.FirstEnergy to replace existing 230-kV line in Northcentral Pennsylvania with new structures, at cost of about $64.2 million .Initial projects will focus on rebuilding transmission lines and reinforcing key substations on 230-kilovolt network.Transmission projects through 2018 is in company's Pennsylvania Electric Company and Metropolitan Edison (Met-Ed) service areas.  Full Article

FirstEnergy Q1 non-GAAP earnings per share $0.78
Thursday, 27 Apr 2017 04:20pm EDT 

April 27 (Reuters) - Firstenergy Corp :Firstenergy announces first quarter 2017 results.Sees fy 2017 non-gaap operating earnings per share $2.70 to $3.00.Sees fy 2017 gaap earnings per share $2.17 to $2.47.Sees q2 2017 gaap earnings per share $0.54 to $0.64.Q1 gaap earnings per share $0.46.Q1 revenue $3.6 billion.Q1 non-gaap earnings per share $0.78.Fy2017 earnings per share view $2.77, revenue view $14.90 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.58, revenue view $3.36 billion -- Thomson Reuters I/B/E/S.Firstenergy corp - operating non-gaap guidance of $0.55 to $0.65 per share in q2.  Full Article

Calpers urges FirstEnergy's shareholders to vote for proposal on climate change reporting
Monday, 10 Apr 2017 11:38am EDT 

CalPERS :CalPERS says asks for support from FirstEnergy Corp's shareholders to vote for shareowner proposal on climate change reporting - SEC filing.  Full Article

FirstEnergy says units Mon Power, Potomac Edison file plan for regulatory approval to acquire a West Virginia power station
Tuesday, 7 Mar 2017 02:45pm EST 

FirstEnergy Corp :Units Mon Power, Potomac Edison filed plan seeking regulatory approval to acquire Pleasants Power Station in Willow Island, West Virginia.  Full Article

Bruce Mansfield Plant expected to restart next week
Friday, 24 Feb 2017 04:20pm EST 

Firstenergy Corp : Bruce Mansfield Plant expected to restart next week . Firstenergy Corp - two units at its Bruce Mansfield Plant in Shippingport, PA are expected to restart early next week . Restart activities at units 1 and 3, each with a capacity of 830 megawatts, will begin this weekend . Firstenergy Corp - unit 2, also with an 830-megawatt capacity, will remain out of service as maintenance on plant equipment is completed .Firstenergy Corp - two units at Bruce Mansfield Plant expected to restart following a short out-of-service period that began mid-February.  Full Article

FirstEnergy announces Q4 non-GAAP EPS $0.38
Tuesday, 21 Feb 2017 04:20pm EST 

Firstenergy Corp : FirstEnergy announces fourth quarter and full year 2016 financial results . Q4 non-GAAP earnings per share $0.38 . Q4 earnings per share view $0.40 -- Thomson Reuters I/B/E/S . Also announced that it is raising its earnings guidance range for 2017 . Revised GAAP earnings estimate for FY17 is $2.47 to $2.77 per share . Operating (non-GAAP) guidance is $2.70 to $3.00 per share for FY17 . Total distribution deliveries increased 4 percent in Q4 of 2016 . Company's Q4 2016 earnings were also impacted by higher corporate operating expenses . In q4 of 2016, FirstEnergy recognized pre-tax impairment charges of $9.218 billion, or $13.54 per share . Resulting from intention to exit competitive operations by mid-2018 . Q4 earnings per share view $0.40 -- Thomson Reuters I/B/E/S . Q4 revenue view $3.82 billion -- Thomson Reuters I/B/E/S . FY2017 earnings per share view $2.68 -- Thomson Reuters I/B/E/S . FY2017 revenue view $15.07 billion -- Thomson Reuters I/B/E/S .For Q4 of 2016, asset impairment and plant exit costs resulted in a gaap loss of $13.44 per basic and diluted share of common stock.  Full Article

FirstEnergy says to recognize impairment charge of about $266 mln related to Aspen Generating deal - SEC filing
Thursday, 19 Jan 2017 02:56pm EST 

FirstEnergy Corp - : FirstEnergy - Will recognize pre-tax non-cash impairment charge of about $266 million associated with power stations sold to Aspen Generating .FirstEnergy Corp - Impairment charge of $266 million will be in its consolidated statement of income for year ended December 31, 2016.  Full Article

FirstEnergy to sell competitive natural gas and hydro assets to LS Power Equity Partners
Thursday, 19 Jan 2017 01:30pm EST 

FirstEnergy Corp - : FirstEnergy to sell competitive natural gas and hydro assets to LS Power Equity Partners . Under terms of agreement, facilities would be purchased for approximately $925 million in an all cash transaction .Firstenergy corp- Under terms of agreement, facilities would be purchased for approximately $925 million in an all cash transaction.  Full Article

EnerNoc signs 4-year demand response contract with FirstEnergy
Wednesday, 18 Jan 2017 08:34am EST 

EnerNoc Inc : EnerNoc Inc says signed a four year, multi-million dollar demand response contract with FirstEnergy .EnerNoc Inc says under terms of contract, EnerNoc will deliver demand response resources to three of FirstEnergy's Pennsylvania utilities.  Full Article

BRIEF-CRA International says auction process to be conducted for Firstenergy's Ohio utilities

* CRA International - auction process to be conducted for Firstenergy's Ohio utilities to procure requirements service for standard service offer customers Source text for Eikon: Further company coverage: