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FirstEnergy Corp (FE.N)

FE.N on New York Stock Exchange

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18 Mar 2019
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Latest Key Developments (Source: Significant Developments)

Potomac Edison to Launch Electric Vehicle Charging Station Pilot Program in Maryland
Tuesday, 5 Mar 2019 

March 5 (Reuters) - FirstEnergy Corp ::FIRSTENERGY CORP - POTOMAC EDISON, A UNIT OF CO, TO BEGIN INSTALLING ELECTRIC VEHICLE CHARGING STATIONS IN MARYLAND LATER IN 2019.FIRSTENERGY CORP - OVER COURSE OF FIVE-YEAR PILOT PROGRAM, POTOMAC EDISON WILL INSTALL MORE THAN 50 CHARGING STATIONS.FIRSTENERGY - RESIDENTIAL MARYLAND CUSTOMERS OF POTOMAC EDISON ELIGIBLE FOR REBATES OF UP TO $300 FOR INSTALLATION OF EV CHARGING STATIONS AT HOME.  Full Article

FirstEnergy - CEO's FY 2018 Total Compensation Was $11.1 Mln
Friday, 1 Mar 2019 

March 1 (Reuters) - FirstEnergy Corp ::FIRSTENERGY CORP SAYS CEO CHARLES JONES' FY 2018 TOTAL COMPENSATION WAS $11.1 MILLION VERSUS $15.3 MILLION IN FY 2017 - SEC FILING.  Full Article

Firstenergy Provides February Wind Storm Update
Wednesday, 27 Feb 2019 

Feb 26 (Reuters) - FirstEnergy Corp ::FIRSTENERGY FEBRUARY WIND STORM UPDATE.FIRSTENERGY CORP - ALL 10 OF COMPANY'S UTILITIES WERE IMPACTED BY FEB WIND STORM.FIRSTENERGY CORP - ALMOST 940,000 CUSTOMERS LOST SERVICE SYSTEM-WIDE, AND ABOUT 50,000 REMAIN WITHOUT SERVICE DUE TO FEB WIND STORM.FIRSTENERGY CORP - HAVE THOUSANDS OF REMAINING OUTAGES THAT WILL REQUIRE MANY HOURS OF CREW WORK TO RESTORE SINGLE CUSTOMERS.FIRSTENERGY - UTILITIES CONTINUE WORK TO COMPLETE SERVICE RESTORATION AFTER RECENT HEAVY, SUSTAINED WINDS ACROSS CO'S SERVICE AREAS IN 6 STATES.  Full Article

FirstEnergy Q4 Revenue $2.7 Bln Versus Refinitiv IBES Estimate Of $2.72 Bln
Wednesday, 20 Feb 2019 

Feb 19 (Reuters) - FirstEnergy Corp ::FIRSTENERGY ANNOUNCES 2018 FINANCIAL RESULTS.SEES FY 2019 EARNINGS PER SHARE $2.45 TO $2.75.SEES Q1 2019 EARNINGS PER SHARE $0.60 TO $0.70.Q4 NON-GAAP OPERATING EARNINGS PER SHARE $0.50.Q4 GAAP EARNINGS PER SHARE $0.25.Q4 REVENUE $2.7 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.72 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.47 -- REFINITIV IBES DATA.AFFIRMS 2019 GUIDANCE, REGULATED GROWTH PROJECTION OF 6-8%.INTRODUCED Q1 2019 EARNINGS GUIDANCE OF $0.60 TO $0.70 PER SHARE.FY2019 EARNINGS PER SHARE VIEW $2.55 -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE VIEW $0.74 -- REFINITIV IBES DATA.  Full Article

Firstenergy Solutions Corp. Reaches Restructuring Support Agreement With Key Stakeholders
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - FirstEnergy Solutions Corp [RIC:RIC:FE.UL]::FIRSTENERGY SOLUTIONS CORP. REACHES RESTRUCTURING SUPPORT AGREEMENT WITH KEY STAKEHOLDERS.FIRSTENERGY SOLUTIONS CORP - AGREEMENT CONTEMPLATES CONTINUED OWNERSHIP AND OPERATION OF RETAIL AND WHOLESALE LOAD-SERVING BUSINESS BEYOND CHAPTER 11.FIRSTENERGY SOLUTIONS-AGREEMENT CALLS FOR BANKRUPTCY COURT ORDER APPROVING DISCLOSURE STATEMENT BY MARCH 21, 2019, CONFIRMATION ORDER BY MAY 10, 2019.FIRSTENERGY SOLUTIONS - RSA WILL FORM BASIS OF PLAN OF REORGANIZATION WHICH WILL BE FILED WITH U.S. BANKRUPTCY COURT.FIRSTENERGY SOLUTIONS- RSA CONTEMPLATES UNSECURED CREDITORS WILL RECEIVE DISTRIBUTION OF NEWLY-ISSUED EQUITY AND/OR CASH AT EMERGENCE FROM BANKRUPTCY.FIRSTENERGY SOLUTIONS - FES LOOKS FORWARD TO COMPLETING RESTRUCTURING IN NEXT YEAR TO BECOME PRIVATELY HELD CO HEADQUARTERED IN AKRON, OHIO.FIRSTENERGY SOLUTIONS - RSA CONTEMPLATES PAYMENT IN FULL OF SECURED POLLUTION CONTROL NOTE CLAIMS AGAINST FIRSTENERGY NUCLEAR GENERATION, OTHERS.FIRSTENERGY SOLUTIONS - RSA SETS OUT MILESTONES FOR COMPLETING RESTRUCTURING INCLUDING FILING PLAN OF REORGANIZATION AND DISCLOSURE STATEMENT BY FEB 8.FIRSTENERGY SOLUTIONS - LOOKS FORWARD TO COMPLETING ITS RESTRUCTURING IN NEXT YEAR TO BECOME A PRIVATELY HELD COMPANY.FIRSTENERGY SOLUTIONS - RSA SETS JAN 23 AS DATE FOR GENERAL UNSECURED CLAIMS HOLDERS HAVING ELECTION TO GET DISTRIBUTIONS IN EQUITY RATHER THAN CASH.  Full Article

FirstEnergy Generation Enters Into Stalking Horse Agreement To Sell West Lorain Facility & Related Assets To Starwood Energy
Wednesday, 21 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
Friday, 26 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
Wednesday, 1 Aug 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

Group warns over a third of U.S. nuclear power plants could retire

Nov 8 More than a third of U.S. nuclear power plants could shut for economic reasons over the next decade, a greater number than most analysts expect, according to a study released on Thursday by the Union of Concerned Scientists (UCS), a public policy group that focuses on environmental and energy issues. While those retirements are not expected to pose a threat to the U.S. electrical grid's reliability, UCS said, the problem is the potential replacement of their low-carbon