FirstEnergy Posts $1.1B Loss, Eyes Exit from Merchant Generation

Jul 29, 2016

By Ted Caddell FirstEnergy on Friday posted a $1.1 billion second-quarter loss, much of it related to the pending closure of five coal-fired units, and CEO Chuck Jones said the company will not make any large investments to prop up its merchant generation business credit rating. “We do not see...

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FirstEnergy Posts $1.1B Loss, Eyes Exit from Merchant Generation

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