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FirstEnergy Corp (FE.N)

FE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

FirstEnergy to deactivate units at 2 Ohio power plants
Friday, 22 Jul 2016 07:55am EDT 

FirstEnergy Corp : FirstEnergy to deactivate units at two Ohio power plants . Units 1-4 of company's seven-unit W.H. Sammis plant in Stratton, Ohio - representing 720 MW of capacity - will be retired in May 2020 . FirstEnergy Corp says no job reductions are expected at either plant . Unit will make operational changes to coal-fired units at two of its Ohio plants in response to challenging market conditions . Plans to sell or deactivate 136-megawatt (MW) bay shore unit 1 in Oregon, Ohio, by October 2020 . Will work with any potential buyer to discuss continued employment for 78 employees at Bay Shore, or if plant is deactivated .Does not intend to offer Bay Shore unit 1 and Sammis units 1-4 into PJM capacity auction for 2020-2021 timeframe.  Full Article

FirstEnergy Corp declares unchanged common stock dividend
Tuesday, 15 Mar 2016 11:25am EDT 

FirstEnergy Corp:Declared an unchanged quarterly dividend of 36 cents per share of outstanding common stock.Dividend will be payable June 1 to shareholders of record date as on May 6.  Full Article

FirstEnergy Corp raises FY 2015 EPS guidance
Thursday, 29 Oct 2015 04:20pm EDT 

FirstEnergy Corp:Raised and narrowed FY 2015 operating (non-GAAP) earnings guidance to $2.67 to $2.75 per basic share, from previous range of $2.40 to $2.70 per basic share.FY 2015 EPS of $2.67 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-FirstEnergy reaffirms 2017 operating earnings guidance in range of $2.70-$3.00 per basic share

* FirstEnergy Corp - reaffirms 2017 operating earnings guidance in range of $2.70 - $3.00 per basic share - sec filing‍​ Source text (http://bit.ly/2eFg7Rg) Further company coverage: