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FirstEnergy Corp (FE.N)

FE.N on New York Stock Exchange

33.14USD
11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

FirstEnergy reports Q3 non-GAAP earnings per share $0.97
Thursday, 26 Oct 2017 04:20pm EDT 

Oct 26 (Reuters) - FirstEnergy Corp :FirstEnergy announces third quarter 2017 results.Sees FY 2017 non-GAAP operating earnings per share $3.00 to $3.10.Sees FY 2017 GAAP earnings per share $2.02 to $2.42.Q3 GAAP earnings per share $0.89.Q3 revenue $3.7 billion versus I/B/E/S view $3.78 billion.Q3 non-GAAP earnings per share $0.97.Q3 earnings per share view $0.87 -- Thomson Reuters I/B/E/S.FirstEnergy Corp says ‍raised its forecast for 2017 GAAP earnings to a range of $2.02 to $2.42 per basic share​.Fy2017 earnings per share view $2.83 -- Thomson Reuters I/B/E/S.  Full Article

FirstEnergy reaffirms 2017 operating earnings guidance in range of $2.70-$3.00 per basic share
Wednesday, 6 Sep 2017 09:30am EDT 

Sept 6 (Reuters) - FirstEnergy Corp ::FirstEnergy Corp - reaffirms 2017 operating earnings guidance in range of $2.70 - $3.00 per basic share - sec filing‍​.  Full Article

FirstEnergy subsidiaries sign revised agreement
Wednesday, 6 Sep 2017 09:00am EDT 

Sept 6 (Reuters) - FirstEnergy Corp :FirstEnergy subsidiaries sign revised agreement for sale of competitive natural gas and hydro assets.FirstEnergy Corp - ‍assets will be sold for an all-cash price of $825 million under terms of revised agreement signed on August 30, 2017​.FirstEnergy Corp - expected that proceeds from sales will be invested in FirstEnergy's unregulated money pool and may be used for repayment of debt.FirstEnergy Corp - revised agreement affects six power stations that are owned directly or indirectly by FirstEnergy subsidiaries.  Full Article

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

BRIEF-Firstenergy Pennsylvania Utilities plan to purchase electric generation supply

* FIRSTENERGY PENNSYLVANIA UTILITIES FILE PLANS TO PURCHASE ELECTRIC GENERATION SUPPLY BEGINNING IN 2019 Source text for Eikon: Further company coverage: