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FirstEnergy Corp (FE.N)

FE.N on New York Stock Exchange

31.39USD
27 Mar 2017
Change (% chg)

$0.05 (+0.16%)
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Latest Key Developments (Source: Significant Developments)

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

FirstEnergy announces third quarter financial results
Friday, 4 Nov 2016 07:30am EDT 

Firstenergy Corp : FirstEnergy announces third quarter financial results . FirstEnergy corp says raises and narrows 2016 non-GAAP operating earnings guidance . Sees fy 2016 non-GAAP operating earnings per share $2.60 to $2.70 . Sees fy 2016 GAAP loss per share $0.90 to $1.30 . Q3 gaap earnings per share $0.89 . Q3 revenue $3.9 billion versus I/B/E/S view $4.01 billion . Q3 non-gaap earnings per share $0.90 .Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.  Full Article

FirstEnergy says does not expect hurricane Matthew to impact co's service territories
Friday, 7 Oct 2016 12:25pm EDT 

FirstEnergy Corp: FirstEnergy utility crews mobilize to assist hurricane Matthew power restoration efforts in Florida ."It's not expected that hurricane Matthew will impact any Firstenergy service territories".  Full Article

FirstEnergy Q2 GAAP loss per share $2.56
Thursday, 28 Jul 2016 04:30pm EDT 

FirstEnergy Corp : Announces Second Quarter 2016 Results, Provides Third Quarter And Full-Year 2016 guidance . Sees q3 non-gaap operating earnings per share $0.65 to $0.75 . Sees Q3 GAAP earnings per share $0.63 to $0.73 . Sees fy 2016 non-gaap operating earnings per share $2.40 to $2.60 . Q2 GAAP loss per share $2.56 . Q2 revenue $3.4 billion versus i/b/e/s view $3.58 billion . Q2 non-gaap earnings per share $0.56 . Q2 earnings per share view $0.54 -- Thomson Reuters I/B/E/S . Sees fy 2016 GAAP loss per share $0.55 to $0.75 . Q3 earnings per share view $0.82 -- Thomson Reuters I/B/E/S .Fy2016 earnings per share view $2.65 -- Thomson Reuters I/B/E/S.  Full Article

FirstEnergy to recognize pre-tax impairment charges of about $647 mln in Q2 for closure of 2 generating units
Friday, 22 Jul 2016 08:10am EDT 

FirstEnergy Corp : Expects Q2 results to reflect valuation allowance against state, local net operating loss carryforwards of $159 million - SEC filing . Also expects Q2 results will reflect a valuation allowance against state and local net operating loss carryforwards of $159 million . Will recognize pre-tax impairment charges for closure of two generating units of about $647 million in Q2 of 2016 . Co and unit expect that Q2 2016 results will reflect a charge of $58 million from settlement and termination costs on coal contracts .Impact of goodwill impairment,contract settlement,termination costs to not cause co/unit to be in default of credit facilities/debt covenants.  Full Article

More From Around the Web

BRIEF-FirstEnergy expects to invest $166 million in 2017 on infrastructure projects in Mon Power area

* $166 million in infrastructure projects planned in Mon Power area during 2017 to enhance electric system