FirstEnergy Newswire

FirstEnergy Newswire

Comprehensive Real-Time News Feed for FirstEnergy.

Results 1 - 20 of 2,823 in FirstEnergy

  1. FirstEnergy (FE) Raised to "Hold" at Zacks Investment ResearchRead the original story w/Photo

    9 hrs ago | AmericanBankingNews.com

    According to Zacks, "FirstEnergy's modernization drive and its ambitious Energizing the Future plan is processing well and is aimed at upgrading its transmission capabilities. Recently, the company completed inspection of its assets and went ahead with necessary maintenance work of its equipment before the upcoming winter.

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  2. FirstEnergy announces $2.5B investmentRead the original story w/Photo

    17 hrs ago | News Herald

    FirstEnergy has announced a $2.5 billion investment by four private firms, a move designed to help it transition to a fully regulated utility company and exit the competitive energy-generating business. The deal does not directly address the fate of the Davis-Besse Nuclear Power Station, which FirstEnergy said will be closed or sold along with other plants unless it gets financial help from the state.

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  3. Bruce Mansfield power plant fire may have caused 'significant' damageRead the original story

    23 hrs ago | Business Journal

    ... plant may have caused "significant" damage to parts of the operation, according to the Beaver County Times. A FirstEnergy Corp. (NYSE: FE) filing reported that a scrubber, stack "and other plant property and systems associated with Units 1 and 2" ...

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  4. Akron downtownRead the original story w/Photo

    23 hrs ago | WKSU-FM Kent

    ... this year. The Main Street renovation project is drawing more private investment, including $3 million from FirstEnergy for electrical upgrades. Only about 12 percent of the renovation is being funded with local dollars. Cleveland strikes deal with ...

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  5. FERC Rejects FirstEnergy's Application To Transfer Generating Facility to an Affiliated UtilityRead the original story w/Photo

    Yesterday | JD Supra

    In an order issued on January 12, 2018, the Federal Energy Regulatory Commission rejected an application by Monongahela Power Company , a franchised public utility subsidiary of FirstEnergy Corp. engaged in providing electric service in West Virginia, to acquire needed generation capacity from an affiliate. Mon Power had concluded through an integrated resource plan that it faced a substantial capacity shortfall which was expected to exceed 850 MW by 2027.

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  6. Oakbrook Investments LLC Decreases Stake in FirstEnergy Corp.Read the original story w/Photo

    Yesterday | IntersportsWire

    Oakbrook Investments LLC reduced its holdings in shares of FirstEnergy Corp. by 13.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,675 shares of the utilities provider's stock after selling 2,600 shares during the quarter.

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  7. Utility FirstEnergy: Time To 'Belly Up To The Bar'?Read the original story w/Photo

    Yesterday | Seeking Alpha

    ... term, the interest-rate-worry-nellies tend to overreact, and utility share prices suffer. Enter stage left: FirstEnergy. FE is an Midwest-based electric utility servicing about six million customers within 65,000 square miles in Ohio, Pennsylvania, ...

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  8. Pharmaceutical deals, shutdown pact help stocks set more recordsRead the original story w/Photo

    Yesterday | Griffin Daily News

    ... for $68 a share. Validus gained $20.57, or 44 percent, to $67.29 and AIG slid 55 cents to $61. Utility company FirstEnergy surged after it received a $2.5 billion investment from a group of firms including Paul Singer's Elliott Management. Those ...

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  9. Firstenergy Corp.FirstEnergy Announces Transformational $2.5 Billion Equity InvestmentRead the original story w/Photo

    Yesterday | Electric Energy Online

    FirstEnergy Corp announced a $2.5 billion investment in the company that includes $1.62 billion in mandatory convertible preferred equity and $850 million of common equity. The investment comes from prominent investors, including affiliates of Elliott Management Corporation , Bluescape, GIC, and Zimmer Partners, LP .

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  10. Major New Investors Shore Up FirstEnergyRead the original story w/Photo

    Yesterday | WKSU-FM Kent

    FirstEnergy was successful as both a regulated utility and, initially, in unregulated power generation markets. Then came new natural gas-fired power plants using cheap and abundant fuel.

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  11. Signs of Shutdown's End Spurs Stock RallyRead the original story w/Photo

    Monday | Barron's

    ... and peaked--in 2010 and 2012--the S&P 500 suffered double digit corrections, though it did rise 13% in 2014. FirstEnergy (FE) shot to the top of the S&P 500 on Monday, helped by a cash injection from activist funds. FirstEnergy said that a number of ...

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  12. Davis-Besse, Perry nuclear plants could close as FirstEnergy closes deal with hedge fundsRead the original story w/Photo

    Monday | Cleveland.com

    The fate of FirstEnergy's Perry nuclear power plant could be sealed before the end of April as the company signs a deal for $2.5 billion in new investments from a bevy of hedge funds, which in turn will assist the Akron-based company with restructuring if Perry's legal owner, FirstEnergy Solutions, files for Chapter 11 bankruptcy. and New York City-based Zimmer Partners LP.

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  13. Energy and technology companies lead US stocks higherRead the original story w/Photo

    Monday | NewsOK.com

    ... The yield on the 10-year Treasury note remained at 2.66 percent, a three-year high. POWER UP: Utility company FirstEnergy surged after it received a $2.5 billion investment from a group of firms including Paul Singer's Elliott Management. Those ...

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  14. Elliott Is Doing Pretty Nicely in the Power Business: GadflyRead the original story w/Photo

    Monday | The Washington Post

    The latest deal, announced Monday, involves the activist fund and several partners infusing $2.5 billion into FirstEnergy Corp., a struggling Midwestern utility. They will also contribute two people to a new five-person advisory board to help FirstEnergy exit its merchant generation business and set strategy from here.

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  15. FirstEnergy Gets $2.5 Billion From Elliott, Bluescape Investor GroupRead the original story w/Photo

    Monday | Wall Street Journal

    FirstEnergy Corp. has raised $2.5 billion in a private stock offering from a group led by activist investor Elliott Management Corp. and private-equity firm Bluescape, the Ohio-based utility said Monday. The unexpected investment comes at a turbulent time for FirstEnergy.

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  16. Market Movers Today: FirstEnergy Corp (FE), Juno Therapeutics Inc...Read the original story w/Photo

    Monday | Insider Monkey

    ... to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member. FirstEnergy Corp (NYSE:FE) (The Motley Fool) What happened: Shares of First Energy (NYSE:FE) spiked on Monday and were up 15% at 10:45 a.m. ...

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  17. 3 Stocks Move in Premarket Trading MondayRead the original story w/Photo

    Monday | GuruFocus.com

    In Monday premarket trading, FirstEnergy Corp. gained more than 10% after the company announced a $2.5 billion investment, which includes $1.62 billion in mandatory convertible preferred equity and $850 million of common equity. The preferred equity has an initial conversion price of $27.42 per share and will receive dividends on an as-converted basis and will be mostly non-voting.

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  18. FirstEnergy gets $2.5 billion investment from Elliott, othersRead the original story w/Photo

    Monday | Reuters

    The investment includes $1.62 billion in mandatory convertible preferred equity and $850 million of common equity, FirstEnergy Corp said. Akron, Ohio-based FirstEnergy said it would use the proceeds to reduce debt by $1.45 billion and contribute $750 million to its pension fund.

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  19. FirstEnergy Corp racks up $2.5 blnRead the original story

    Monday | PE Hub

    FirstEnergy Corp today announced a $2.5 billion investment in the company that includes $1.62 billion in mandatory convertible preferred equity and $850 million of common equity. The investment comes from prominent investors, including affiliates of Elliott Management Corporation , Bluescape, GIC, and Zimmer Partners, LP .

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  20. S&P 500 Movers: QRVO, FERead the original story

    Monday | MarketNewsVideo

    In early trading on Monday, shares of FirstEnergy topped the list of the day's best performing components of the S&P 500 index, trading up 9.0%. Year to date, FirstEnergy registers a 4.6% gain.

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