FirstEnergy (FE) Timeline for Ohio ESP now Points Towards early 2016; UBS Cuts Price Target to $32
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Beaver Valley Power Station Unit 2 Returns to Service Following Refueling and Maintenance Outage
October 30, 2015 2:53 PM EDTAKRON, Ohio, Oct. 30, 2015 /PRNewswire/ -- FirstEnergy Nuclear Operating Company (FENOC), a subsidiary of FirstEnergy Corp. (NYSE: FE), announced its Beaver Valley Power Station Unit 2 in Shippingport, Penn., returned to service at 1:18 p.m. today following a September 26, 2015, shutdown for refueling and maintenance. The 933-megawatt plant is currently operating at approximately 20 percent power and is expected to reach full power in the next week.
During the refueling outage, one-third of the plant's 157 fuel assemblies were exchanged. Â In addition, numerous inspections and preventative maintenance and improvement projects were completed to ensure continued safe... More
FirstEnergy Announces Third Quarter Financial Results
October 29, 2015 4:20 PM EDTAKRON, Ohio, Oct. 29, 2015 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported third quarter 2015 operating (non-GAAP) earnings* of $0.98 per basic share of common stock. These results exclude the impact of the special items listed below, and compare to 2014 third quarter operating (non-GAAP) earnings of $0.89 per basic share of common stock.
GAAP earnings for the third quarter of 2015 were $395 million, or $0.94 per basic share of common stock ($0.93 diluted), on revenue of $4.1 billion. For the third quarter of 2014, GAAP earnings were $333 million, or $0.79 per basic and diluted share of common stock, on revenue of $3.9 billion.... More
