FirstEnergy (FE) Tops Q1 EPS by 5c
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FirstEnergy Announces First Quarter 2016 Results
April 26, 2016 4:25 PM UTCAKRON, Ohio, April 26, 2016 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today reported first quarter 2016 operating (non-GAAP) earnings* of $0.80 per basic share of common stock. These results exclude the impact of the special items listed below and compare to first quarter 2015 operating (non-GAAP) earnings of $0.62 per basic share of common stock. Â
On a GAAP basis, the company reported first quarter 2016 net income of $328 million, or $0.78 per basic share of common stock ($0.77 diluted), on revenue of $3.9 billion. In the first quarter of 2015, GAAP net income was $222 million, or $0.53 per basic and... More
Work Continues on New FirstEnergy Transmission Line in West Virginia to Support Shale Gas Industry and Enhance Mon Power Service Reliability
April 26, 2016 10:01 AM UTCFAIRMONT, W.Va., April 26, 2016 /PRNewswire/ -- Construction crews have begun to raise steel poles for a new FirstEnergy Corp. (NYSE: FE) transmission line in Harrison and Doddridge counties, West Virginia. The project will support the electric demands of the area's established Marcellus Shale gas industry, and help enhance service reliability for nearly 13,000 Mon Power customers around the Clarksburg and Salem areas.
Over the next month, cranes will hoist about 80 steel structures onto recently completed concrete foundations along the 18-mile corridor linking a transmission substation in Clarksburg with one near... More
