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FirstEnergy Corp (FE.N)

FE.N on New York Stock Exchange

34.92USD
19 Jun 2018
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Latest Key Developments (Source: Significant Developments)

FirstEnergy - On May 3 AE Supply Gave Notice Of Optional Redemption Of About $305 Mln Senior Notes
Wednesday, 9 May 2018 05:47pm EDT 

May 9 (Reuters) - FirstEnergy Corp ::FIRSTENERGY - PER OBLIGATIONS UNDER ASSET PURCHASE AGREEMENT, ON MAY 3 AE SUPPLY GAVE NOTICE OF OPTIONAL REDEMPTION OF ABOUT $305 MILLION SENIOR NOTES.FIRSTENERGY CORP - AGC OPTIONALLY REDEEMED ITS $100 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES.FIRSTENERGY -AS RESULT OF OPTIONAL REDEMPTIONS "MAKE-WHOLE" PREMIUMS REQUIRED TO BE PAID TO NOTEHOLDERS AND TOTALED ABOUT $90 MILLION - SEC FILING.  Full Article

FirstEnergy Corp Files For Resale Of Up To 59 Mln Shares
Wednesday, 7 Mar 2018 06:00pm EST 

March 7 (Reuters) - Firstenergy Corp ::FIRSTENERGY CORP FILES FOR RESALE OF UP TO 59 MILLION SHARES OF CO'S COMMON STOCK - SEC FILING.FIRSTENERGY CORP - SHARES ARE ISSUABLE UPON CONVERSION OF SHARES OF SERIES A CONVERTIBLE PREFERRED STOCK ISSUED BY CO TO SELLING SHAREHOLDERS.FIRSTENERGY CORP SAYS IT IS NOT OFFERING ANY SHARES FOR SALE; CO WILL NOT RECEIVE ANY PROCEEDS FROM ALES OF SHARES BY SELLING SHAREHOLDERS.  Full Article

FirstEnergy Files Prospectus Related To Offering Of Up To 30.1 Mln Shares Of Common Stock
Tuesday, 6 Mar 2018 06:03pm EST 

March 6 (Reuters) - FirstEnergy Corp ::FIRSTENERGY CORP FILES PROSPECTUS RELATED TO OFFERING OF UP TO 30.1 MILLION SHARES OF CO'S COMMON STOCK BY SELLING SHAREHOLDERS - SEC FILING‍​.  Full Article

FirstEnergy Files For Mixed Shelf With The U.S. SEC
Tuesday, 6 Mar 2018 05:55pm EST 

March 6 (Reuters) - FirstEnergy Corp ::FIRSTENERGY FILES FOR MIXED SHELF WITH THE U.S. SEC, SIZE UNDISCLOSED.  Full Article

‍Firstenergy Says Met-ED Line Crews And Other Personnel Continue To Make Repairs Following Storm​
Monday, 5 Mar 2018 07:18pm EST 

March 5 (Reuters) - Firstenergy Corp ::‍MET-ED LINE CREWS AND OTHER PERSONNEL CONTINUE TO MAKE REPAIRS FOLLOWING SEVERE WINTER STORM​.‍ABOUT 200,000 CUSTOMERS HAVE BEEN RESTORED SINCE STORM FIRST HIT​.‍CURRENTLY, APPROXIMATELY 35,000 CUSTOMERS REMAIN OUT OF SERVICE, WITH MOST DAMAGE BEING IN EASTON AND STROUDSBURG AREAS​.‍MET-ED EXPECTS MAJORITY OF CUSTOMERS TO BE RESTORED TO SERVICE BY LATE TONIGHT​.  Full Article

Firstenergy Announces Q4 GAAP Loss Per Share $5.62
Tuesday, 20 Feb 2018 04:20pm EST 

Feb 20 (Reuters) - Firstenergy Corp ::FIRSTENERGY ANNOUNCES 2017 FINANCIAL RESULTS.Q4 GAAP LOSS PER SHARE $5.62.Q4 REVENUE $3.4 BILLION.SEES FY 2018 NON-GAAP OPERATING EARNINGS PER SHARE $2.25 TO $2.55.Q4 NON-GAAP EARNINGS PER SHARE $0.71.Q4 EARNINGS PER SHARE VIEW $0.68, REVENUE VIEW $3.54 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $2.50 -- THOMSON REUTERS I/B/E/S.FIRSTENERGY - DURING Q4 RECORDED NON-CASH, PRE-TAX ASSET IMPAIRMENT AND PLANT EXIT COSTS OF $2.4 BILLION, OR $3.38 PER SHARE.FIRSTENERGY - RECOGNIZED Q4 NON-CASH CHARGE TO INCOME TAX EXPENSE OF $1.2 BILLION, OR $2.68/SHARE, RELATED TO U.S. TAX REFORM.  Full Article

FirstEnergy Board Elects Donald Misheff As Chairman
Tuesday, 20 Feb 2018 03:00pm EST 

Feb 20 (Reuters) - FirstEnergy Corp ::FIRSTENERGY BOARD ELECTS DONALD MISHEFF AS CHAIRMAN.SAYS GEORGE M. SMART TO RETIRE FROM THE BOARD.BOARD MEMBER WILLIAM T. COTTLE ALSO PLANS TO RETIRE AT CO'S ANNUAL MEETING ON MAY 15.MANAGEMENT CHANGES WILL REDUCE SIZE OF FIRSTENERGY'S BOARD TO 12 MEMBERS.  Full Article

Firstenergy To Deactivate Pleasants Power Station In West Virginia
Friday, 16 Feb 2018 11:00am EST 

Feb 16 (Reuters) - Firstenergy Corp ::FIRSTENERGY TO DEACTIVATE PLEASANTS POWER STATION IN WEST VIRGINIA.SAYS ‍1,300-MEGAWATT PLANT IN WEST VIRGINIA​ WILL BE SOLD OR CLOSED ON JANUARY 1, 2019.SAYS ‍DECISION TO DEACTIVATE PLANT IMPACTS APPROXIMATELY 190 EMPLOYEES​.SAYS UNIT NOTIFIED PJM INTERCONNECTION OF ITS PLAN TO DEACTIVATE COAL-FIRED PLEASANTS POWER STATION IN WILLOW ISLAND, WEST VIRGINIA​.  Full Article

FirstEnergy Announces Transformational $2.5 Bln Equity Investment
Monday, 22 Jan 2018 09:10am EST 

Jan 22 (Reuters) - FirstEnergy Corp ::FIRSTENERGY ANNOUNCES TRANSFORMATIONAL $2.5 BILLION EQUITY INVESTMENT.FIRSTENERGY - ANNOUNCED $2.5 BILLION INVESTMENT IN CO THAT INCLUDES $1.62 BILLION IN MANDATORY CONVERTIBLE PREFERRED EQUITY & $850 MILLION OF COMMON EQUITY.FIRSTENERGY CORP - INVESTMENT COMES FROM INVESTORS, INCLUDING AFFILIATES OF ELLIOTT MANAGEMENT CORP, BLUESCAPE, GIC, ZIMMER PARTNERS, LP.FIRSTENERGY CORP - ‍ COMMON EQUITY WAS ISSUED AT A PRICE OF $28.22 PER SHARE​.FIRSTENERGY CORP - PROCEEDS OF PRIVATE OFFERING WILL BE USED TO REDUCE CO'S HOLDING COMPANY DEBT, CONTRIBUTE TO ITS PENSION FUND.FIRSTENERGY - ‍ DOES NOT ANTICIPATE NEED TO ISSUE ADDITIONAL EQUITY THROUGH END OF 2020 OUTSIDE OF STOCK INVESTMENT PLANS,EMPLOYEE BENEFITS PROGRAMS​.FIRSTENERGY CORP - PREFERRED EQUITY HAS AN INITIAL CONVERSION PRICE OF $27.42 PER SHARE.FIRSTENERGY CORP - AS PART OF TRANSACTION, FIRSTENERGY WILL FORM A RESTRUCTURING WORKING GROUP.FIRSTENERGY - ‍ RWG'S TWO OUTSIDE MEMBERS ARE JOHN WILDER, EXECUTIVE CHAIRMAN OF BLUESCAPE, AND ANTHONY HORTON, CFO OF ENERGY FUTURE HOLDINGS ​.FIRSTENERGY CORP - ‍REAFFIRMS 5% TO 7% REGULATED OPERATING EPS GROWTH TARGET THROUGH 2019​.FIRSTENERGY CORP - ‍ EXPECTS TO MAINTAIN A DIVIDEND AT CURRENT LEVEL OF $1.44 PER SHARE​.  Full Article

FirstEnergy's Ohio Utilities File Proposal to Modernize Electric System and Prepare for Smart Technologies
Friday, 1 Dec 2017 05:54pm EST 

Dec 1 (Reuters) - Firstenergy Corp ::FIRSTENERGY CORP - CO'S OHIO UTILITIES FILED PLAN AT PUBLIC UTILITIES COMMISSION OF OHIO AIMED AT REDUCING FREQUENCY AND DURATION OF POWER OUTAGES.FIRSTENERGY CORP - ‍ PLAN TO REDUCE FREQUENCY AND DURATION OF POWER OUTAGES OUTLINES A THREE-YEAR, $450 MILLION INVESTMENT IN PROJECTS.  Full Article

BRIEF-Ikkuma Resources To Sell Non-Core Midstream Assets For $30 Mln

* PRESS RELEASE - IKKUMA RESOURCES TO SELL NON-CORE MIDSTREAM ASSETS FOR A PURCHASE PRICE OF $30 MILLION