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Stock Market & Financial Investment News

News Breaks
September 4, 2013
15:24 EDTFEFirstEnergy asks for authorization to sell 11 hydroelectric power stations
FirstEnergy announced its subsidiaries have applied for authorization from the Federal Energy Regulatory Commission to sell 11 hydroelectric power stations in Pennsylvania, Virginia and West Virginia to Harbor Hydro Holdings, a subsidiary of LS Power Equity Partners II. A sales agreement was reached on August 23, and if approved, the proposed transaction is expected to close in the fourth quarter of 2013. The agreement is subject to customary and other closing conditions, including FERC, the Commonwealth of Virginia's State Corporation Commission and various other approvals and resolution of a potential competing license application and other claims related to the Seneca facility also is a condition to closing the proposed transaction. The hydroelectric power stations included in this proposed sale have a total capacity of 527 megawatts, which represents less than 3% of FirstEnergy's generation fleet output, the company said.
News For FE From The Last 14 Days
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May 22, 2015
16:13 EDTFEFirstEnergy files automatic mixed securities shelf
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May 20, 2015
08:07 EDTFEFirstEnergy to hold a meeting
Fixed Income Investor Meeting is being held in New York on May 20 at 11 am.
May 11, 2015
07:20 EDTFEDeutsche Bank to hold a conference
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