Zacks Viewpoint

Tomahawk, WI 05/08/2014 (Basicsmedia) – As of now FirstEnergy Corp. (NYSE:FE) is a hold as the analysis of Zacks proves. Balanced financial position and investment in modern innovations and assets give a boost to its expansion plans. The company endeavors to provide excellent services to its customers through its Smart Grid Modernization Programs. FirstEnergy intends to focus on cost cutting, reducing fleet and optimized use of assets. Others areas of focus are oil and gas, nuclear and renewable sources. However, these new operations could be hampered by the U.S environmental regulators.

Jefferies Upgrades FirstEnergy to Buy

Jeffries has upgraded FirstEnergy Stocks from hold to buy. It gives price forecast of $37.00 from an earlier forecast of $31.00. The share value most recently closed at $32.65. These observations are attributed to the fact that First Energy Corp. (NYSE:FE) has a free option on the recovery of prices.

Beaver Valley Unit 2 Begins Refueling and Maintenance

Since the last refuel, The Beaver Valley Nuclear Unit of First Energy has been safely and reliably generating more than 11.7 million megawatt hours of electricity. The reactor was shut down recently for its next refuel and servicing. The process will replace 157 of its fuel assemblies and safety inspections will be conducted on the reactor vessel, turbine and generators. The unit is expected to function from 2017.

FirstEnergy Faces Labor charges

FirstEnergy Corp. (NYSE:FE) has been charged with unfair labor practices by the National Labor Relations Board. The board brought charges on behalf of Utility workers Union of America that represented workers from the two closed power plants in Pennsylvania. The company imposed strict contracts to be agreed on by the workers at the closed plants in bargain to severance benefits. As the case is for hearing in July 2014, the Akron based company deems that the judge would rule in its favor.

JCP&L Plants Ornamental Cherry Trees

Jersey Central Power & Light (JCP&Light) representatives celebrated Arbor Day on 25 April, 2014 with foresters and school students and teachers at Bayville, Morristown and Wayne. JCP&L is a subsidiary of First Energy Corp. that serves more than a million customers in New Jersey State. In this participation, the firm provided ornamental cherry trees that grow as high as 25 feet and are considered safe to be planted in residential areas exposed to power lines.

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