FirstEnergy Corp. (NYSE:FE)

CAPS Rating: 3 out of 5

The Company's principal business is the holding, directly or indirectly, of all of the outstanding common stock of its eight principal electric utility operating subsidiaries: OE, CEI, TE, Penn, ATSI, JCP&L, Met-Ed and Penelec.

Recs

2
Player Avatar jjb78 (< 20) Submitted: 7/8/2011 8:19:06 AM : Outperform Start Price: $37.39 FE Score: -52.80

Let us not forget, that FE recently also switched from the MISO RTO to PJM. PJM has a capacity market that has been in place for a few years and they received high prices in the latest auction for their capacity. Their capacity auction is 3 years in advance so they have a guarantee for that capacity in like 2014 and 2015. Pretty good windfall......

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