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Last updated on April 18, 2014 at 0:12 EDT

Latest Corporate crime Stories

2014-02-27 16:22:23

MORRISTOWN, N.J., Feb. 27, 2014 /PRNewswire/ -- With near-record snowfall and continuing low temperatures across the region this winter, Jersey Central Power & Light (JCP&L), a FirstEnergy (NYSE: FE) utility, reminds customers of steps they can take to manage energy bills that may climb as cold weather lingers. Across New Jersey, deep snow has limited access to electric meters. Customers are encouraged to clear a path and free gates or other obstructions that might prevent a meter...

2014-02-27 12:23:39

Company Increases Investment in Infrastructure Projects Designed to Help Reduce Number and Duration of Outages WILLIAMSPORT, Md., Feb. 27, 2014 /PRNewswire/ -- As part of its ongoing efforts to strengthen the durability and flexibility of its electric system, FirstEnergy Corp. (NYSE: FE) plans to invest more than $143 million in 2014 in service reliability infrastructure upgrades in its Potomac Edison service area. This represents about an $80 million increase compared to what the company...

2014-02-27 12:23:37

Company Increases Investment in Infrastructure Projects Designed to Help Reduce Number and Duration of Outages FAIRMONT, W.Va., Feb. 27, 2014 /PRNewswire/ -- As part of its ongoing efforts to strengthen the durability and flexibility of its electric system, FirstEnergy Corp. (NYSE: FE) plans to invest more than $110 million in 2014 on service reliability infrastructure upgrades in Mon Power's 34-county service area, primarily in north-central West Virginia. This represents about a $32...

2014-02-26 16:23:22

TOLEDO, Ohio, Feb. 26, 2014 /PRNewswire/ -- With near-record snowfall and continuing low temperatures in northwest Ohio this winter, Toledo Edison, a subsidiary of FirstEnergy (NYSE: FE), reminds customers of steps they can take to manage energy bills that may climb as cold weather lingers. In some parts of Toledo Edison's service area, deep snow this winter has limited access to electric meters. Customers are encouraged to clear a path and free gates or other obstructions that might...

2014-02-26 12:21:38

FAIRMONT, W.Va., Feb. 26, 2014 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is installing laptop computers in more than 250 line trucks and other field vehicles to enhance service and better manage repair work and reliability upgrades more efficiently. The $2.3 million project is expected to be completed by the summer. Using the new laptops will help crews save time by viewing the work orders electronically rather than having to write down the information...

2014-02-26 12:21:34

Company Increases Investment in Infrastructure Projects Designed to Help Reduce Number and Duration of Outages READING, Pa., Feb. 26, 2014 /PRNewswire/ -- As part of its ongoing efforts to strengthen the durability and flexibility of its electric system, FirstEnergy Corp. (NYSE: FE) plans to invest more than $71 million in 2014 in service reliability infrastructure upgrades in its Pennsylvania Power Company (Penn Power) service area. This represents about a $34 million increase compared to...

2014-02-26 12:21:31

Company Increases Investment in Infrastructure Projects Designed to Help Reduce Number and Duration of Outages READING, Pa., Feb. 26, 2014 /PRNewswire/ -- As part of its ongoing efforts to strengthen the durability and flexibility of its electric system, FirstEnergy Corp. (NYSE: FE) plans to invest $228 million in 2014 in service reliability infrastructure upgrades in its Pennsylvania Electric Company (Penelec) 31-county service territory. This represents about a $66 million increase...

2014-02-25 16:25:57

ALEXANDRIA, Va., Feb. 25, 2014 /PRNewswire-USNewswire/ -- Since September 2013, Securities and Exchange Commission (SEC) rules have prohibited certain types of securities offerings from being made if anyone with a history of financial fraud is involved. The private placement market, which accounts for nearly $1 trillion of investments every year, is affected by this prohibition. The prohibition will also apply to "crowdfunding" -- that is, sales of securities by start-up companies or...

2014-02-25 12:23:15

MORRISTOWN, N.J., Feb. 25, 2014 /PRNewswire/ -- Jersey Central Power & Light (JCP&L) has promoted Dennis Pavagadhi to director of Operations Support, reporting to vice president of Operations, Anthony Hurley. In his new position, Pavagadhi will be responsible for overseeing JCP&L's 318 substations, including upgrades, maintenance and construction. He also will direct the company's regional dispatch operations centers, which quickly direct line crews to outage locations...

2014-02-25 08:25:13

Affirms 2014 Earnings Guidance AKRON, Ohio, Feb. 25, 2014 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced fourth quarter 2013 basic operating earnings* of $0.75 per share of common stock. These results exclude the impact of the special items listed below. This compares to basic operating earnings of $0.80 per share of common stock in the fourth quarter of 2012. On a GAAP basis, the company reported unaudited basic and diluted earnings of $0.34 per share of common...