FirstEnergy nearly triples 3Q earnings
Columbus Business Journal
FirstEnergy Corp. (NYSE:FE) nearly tripled its third-quarter earnings compared to a year ago thanks to higher sales margins and the company’s acquisition of Greensburg, Penn.-based Allegheny Energy, the Akron Beacon Journal reports. The Akron-based parent company of Ohio Edison reported third-quarter earnings of $509 million, or $1.22 a share, compared to $175 million, or 59 cents a share, last year, the newspaper reports. Revenues increased by $1 billion to $4.7 billion, buoyed by the Allegheny Energy acquisition…
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