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Stock Market & Financial Investment News

News Breaks
February 25, 2013
13:57 EDTFEFirstEnergy expects $300M share sale in late 2013, Bloomberg reports
FirstEnergy (FE) said on its Q4 earnings conference call that it expects a $300M share sale in late 2013, according to Bloomberg. FirstEnergy added that it anticipates no pension contributions in 2013 and to maintain its dividend this year, Bloomberg reported. Shares of FirstEnergy declined during the conference call and are currently down 1.7%, or 69c, to $39.85.
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September 30, 2014
14:52 EDTFEFirstEnergy warns customers about Green Dot card payment scam
FirstEnergy Corp.'s (FE) utilities are warning customers about a scam involving a telephone caller posing as a utility company employee threatening to shut off power unless an immediate payment is made using a pre-paid debit card such as a Green Dot (GDOT) card. Scams involving callers asking for utility bill payment via Green Dot cards have been reported by customers in all of FirstEnergy's service areas from Ohio to New Jersey, which include: Ohio Edison, The Illuminating Company and Toledo Edison in Ohio; West Penn Power, Penn Power, Met-Ed and Penelec in Pennsylvania; Jersey Central Power & Light in New Jersey; Mon Power in West Virginia; and Potomac Edison in West Virginia and Maryland. FirstEnergy and its utilities do not require payment over the phone via specific means, including Green Dot cards. Moreover, FirstEnergy's utilities do not demand payment over the phone to avoid an impending termination of service. "If you receive a call demanding payment via a specific option, including a Green Dot card, it's a scam, and you should report this crime to your local authorities," said Ronald I. Green, vice president, Customer Service, FirstEnergy. "While we may phone a customer whose bill is in arrears to remind them a payment is due, we would explain how a payment can be made using established payment options."
September 25, 2014
10:08 EDTFEFirstEnergy management to meet with Jefferies
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September 24, 2014
13:03 EDTFEThree FirstEnergy utilities launch Request for Proposal for solar PV credits
FirstEnergy announced that a Request for Proposal will be issued to purchase 48,500 Solar Photovoltaic Alternative Energy Certificates annually over a two-year period on behalf of three of FirstEnergy's Pennsylvania utilities Pennsylvania Power Company, Pennsylvania Electric Company, and Metropolitan Edison Company. The RFP process will be conducted by The Brattle Group and will take place in October and November, with qualifying applications due by October 16, 2014 and bids due by November 6, 2014. Based on the RFP results, FirstEnergy's Pennsylvania utilities will enter into separate agreements with winning suppliers to purchase the necessary quantities of SPAECs.

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