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FirstEnergy Corp (FE.N)

FE.N on New York Stock Exchange

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7 Dec 2018
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Latest Key Developments (Source: Significant Developments)

FirstEnergy Generation Enters Into Stalking Horse Agreement To Sell West Lorain Facility & Related Assets To Starwood Energy
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - FirstEnergy Corp ::PRESS RELEASE - FIRSTENERGY GENERATION ENTERS INTO STALKING HORSE AGREEMENT TO SELL ITS WEST LORAIN FACILITY AND RELATED ASSETS TO STARWOOD ENERGY.FIRSTENERGY GENERATION - STALKING HORSE AGREEMENT TO SELL WEST LORAIN FACILITY, RELATED ASSETS TO STARWOOD ENERGY FOR PURCHASE PRICE OF $144 MILLION IN CASH.FIRSTENERGY GENERATION - SALE WILL BE ACCOMPLISHED PURSUANT TO A COURT-SUPERVISED BANKRUPTCY.  Full Article

FirstEnergy Q3 GAAP Loss Per Share $1.02
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - FirstEnergy Corp ::FIRSTENERGY ANNOUNCES THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 NON-GAAP OPERATING EARNINGS PER SHARE $0.80.Q3 GAAP LOSS PER SHARE $1.02.Q3 REVENUE $3.1 BILLION VERSUS I/B/E/S VIEW $2.94 BILLION.Q3 EARNINGS PER SHARE VIEW $0.71 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 NON-GAAP OPERATING EARNINGS PER SHARE $2.50 TO $2.60.SEES FY 2018 GAAP EARNINGS PER SHARE $1.68 TO $2.60.REAFFIRMED ITS THREE-YEAR OPERATING (NON-GAAP) EARNINGS GROWTH RATE PROJECTIONS."COURT-APPROVED SETTLEMENT AGREEMENT IN FES AND FENOC BANKRUPTCY PROCEEDINGS IS A KEY STEP IN OUR EXIT FROM COMPETITIVE GENERATION".FIRSTENERGY - Q3 RESULTS REFLECT CHARGES RELATED TO SETTLEMENT AGREEMENT IN FES AND FIRSTENERGY NUCLEAR OPERATING COMPANY BANKRUPTCY CASES, OTHERS.  Full Article

FirstEnergy Nuclear Operating Co Announces that Beaver Valley Power Station Begins Refueling and Maintenance Outage
Monday, 22 Oct 2018 

Oct 22 (Reuters) - FirstEnergy Corp ::CO'S UNIT ANNOUNCED ITS BEAVER VALLEY POWER STATION UNIT 2 IN SHIPPINGPORT, PA., SHUT DOWN AT 12:01 A.M. ON SUNDAY, OCTOBER 21.MORE THAN 1,000 TEMPORARY CONTRACTOR WORKERS & 600 FENOC & FIRSTENERGY EMPLOYEES WILL SUPPLEMENT BEAVER VALLEY WORKFORCE DURING OUTAGE.BEAVER VALLEY POWER STATION UNIT 2 SHUT DOWN AT 12:01 A.M. ON SUNDAY, OCTOBER 21, FOR SCHEDULED REFUELING AND MAINTENANCE.  Full Article

FirstEnergy's Settlement Agreement Approved Bankruptcy Case
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - FirstEnergy Corp ::FIRSTENERGY'S SETTLEMENT AGREEMENT APPROVED IN FES BANKRUPTCY CASE.FIRSTENERGY CORP - APPROVED CO'S SETTLEMENT AGREEMENT IN CHAPTER 11 PROCEEDINGS OF FIRSTENERGY SOLUTIONS AND FIRSTENERGY NUCLEAR OPERATING COMPANY.  Full Article

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

Factbox: Some 240,000 U.S. customers without power after Hurricane Michael

Some 240,029 homes and businesses on the U.S. East Coast were without power on Monday in the aftermath of Hurricane Michael, according to local power companies.