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Stock Market & Financial Investment News

News Breaks
November 5, 2012
06:29 EDTFEFirstEnergy provides Hurricane Sandy outage update
Service has been restored to more than 1.8M FirstEnergy customers in New Jersey, Pennsylvania, Ohio, West Virginia and Maryland who lost power as a result of Hurricane Sandy. As of 6 a.m., the current FirstEnergy outage totals by utility include: Jersey Central Power & Light, or JCP&L more than 381,000 customers; Mon Power more than 32,000 customers; Metropolitan Edison (Met-Ed) more than 14,000 customers; The Illuminating Company (CEI) more than 1,100 customers; Potomac Edison more than 5,000 customers.
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February 2, 2016
08:33 EDTFECRA says auction process to be conducted for FirstEnergy Penn utilities
CRA International (CRAI) announced that an auction process will be conducted for FirstEnergy Corp.'s (FE) Pennsylvania utilities - Metropolitan Edison Company, Pennsylvania Electric Company, Pennsylvania Power Company and West Penn Power Company - to procure full requirements Default Supply generation service for their Default Service Customers. The auction process will lead up to the auction that is scheduled for April 11, 2016. The bidding process will use a descending-price clock auction format. The auction will be managed by Independent Evaluator and Auction Manager CRA International, Inc. The auction is being conducted pursuant to FirstEnergy's Pennsylvania Default Service Program as approved by the Pennsylvania Public Utility Commission. This is the seventh auction in the series of DSP-III auctions that began in October 2014.
08:32 EDTFEFirstEnergy produced over 88.9M MW hours of electricity
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