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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 Reports Q2 Earnings Per Share $0.28
Tuesday, 31 Jul 2018 

July 31 (Reuters) - FirstEnergy Corp ::FIRSTENERGY ANNOUNCES SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 NON-GAAP OPERATING EARNINGS PER SHARE $0.62.Q2 GAAP EARNINGS PER SHARE $0.28.Q2 REVENUE $2.7 BILLION VERSUS I/B/E/S VIEW $2.57 BILLION.Q2 EARNINGS PER SHARE VIEW $0.52 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 NON-GAAP OPERATING EARNINGS PER SHARE $2.25 TO $2.55.SEES FY 2018 GAAP EARNINGS PER SHARE $3.74 TO $4.04.SEES Q3 GAAP EARNINGS PER SHARE $0.57 TO $0.67.SEES Q3 NON-GAAP OPERATING EARNINGS PER SHARE $0.65 TO $0.75.Q3 EARNINGS PER SHARE VIEW $0.79 -- THOMSON REUTERS I/B/E/S.  Full Article

8Point3 Energy Says ‍Will Recognize Estimated Impairment In Range Of $40 Mln To $48 Mln During Q2 Due To Termination Of Maryland Solar Project ​
Thursday, 5 Apr 2018 

April 5 (Reuters) - 8point3 Energy Partners LP ::8POINT3 ENERGY SAYS ‍WILL RECOGNIZE ESTIMATED IMPAIRMENT IN RANGE OF $40 MILLION TO $48 MILLION DURING Q2 2018 DUE TO TERMINATION OF MARYLAND SOLAR PROJECT ​.8POINT3 ENERGY SAYS ‍IF MARYLAND SOLAR PPA IS TERMINATED, CO EXPECTS DECREASE IN FUTURE REVENUES BEGINNING ON JAN 1, 2020 - SEC FILING​.THE IMPAIRMENT LOSS WILL HAVE A MATERIAL ADVERSE EFFECT ON CO'S SECOND QUARTER 2018 NET INCOME ( LOSS).8POINT3 ENERGY PARTNERS LP SAYS CO'S ‍Q2 2018 REVENUE IS NOT IMPACTED IF MARYLAND SOLAR PPA IS TERMINATED​.  Full Article

FirstEnergy Solutions Files Deactivation Notice For Three Nuclear Plants In Ohio And Pennsylvania
Wednesday, 28 Mar 2018 

March 28 (Reuters) - FirstEnergy Corp ::FIRSTENERGY SOLUTIONS FILES DEACTIVATION NOTICE FOR THREE COMPETITIVE NUCLEAR GENERATING PLANTS IN OHIO AND PENNSYLVANIA.FIRSTENERGY CORP - 4,048 MEGAWATTS OF ELECTRICITY GENERATING CAPACITY TO RETIRE BY 2021.FIRSTENERGY CORP - PLANTS TO CONTINUE NORMAL OPERATIONS IN INTERIM.FIRSTENERGY CORP - COMPANY SEEKS POLICY SOLUTIONS AS ALTERNATIVE TO DEACTIVATION.FIRSTENERGY CORP - ABOUT 2,300 PLANT EMPLOYEES ARE EXPECTED TO BE AFFECTED BY ULTIMATE DEACTIVATIONS.FIRSTENERGY - STRATEGIC REVIEW OF FES'S 2 REMAINING COAL PLANTS & 1 NATURAL GAS PLANT, TOTALING 5,245 MW, WILL CONTINUE AS PART OF NOV 2016 PLAN.FIRSTENERGY - CONTINUES TO WORK TOWARD LEGISLATIVE SOLUTIONS TO KEEP PLANTS OPERATING, BUT WILL ALSO LOOK FOR POTENTIAL BUYERS AS ANOTHER ALTERNATIVE.FIRSTENERGY CORP - TWO-YEAR-PLUS LEAD TIME IS NEEDED TO MAKE PREPARATIONS FOR POTENTIAL PLANT DEACTIVATION.  Full Article

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

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 

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

Moody's says potential U.S. tax policy reform could be credit negative for regulated utilities
Wednesday, 15 Mar 2017 

Moody's Investors Service :Moody's - potential us tax policy reform could be credit negative for regulated utilities.  Full Article

FirstEnergy says does not expect hurricane Matthew to impact co's service territories
Friday, 7 Oct 2016 

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

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Over 62,000 still without power in the Carolinas after Florence

More than 62,000 homes and businesses in the Carolinas were still without power on Friday, a week after Hurricane Florence hit the North Carolina coast on Sept. 14, according to local power companies.