Tuesday, February 20, 2007

FirstEnergy Earnings Up

AP via the Akron Beacon Journal:
FirstEnergy Corp. said on Tuesday that earnings rose 44 percent in the fourth quarter, benefiting from electric rates in Ohio and favorable regulatory rulings in Pennsylvania.

In the quarter ended Dec. 31, the regional electric power generation and transmission company earned $274 million, or 84 cents per share, on revenue of $2.69 billion. The company also reported special gains of 1 cent per share.

Seeking Alpha has the details.