First Energy Profits…while their nuclear plants file bankruptcy?

Thanks to our Concord lobbyist for this article….

Here is an excerpt from the article:

“FirstEnergy Corp. reported earning $315 million, or 59 cents per share, on revenue of $2.9 billion for the first quarter ending March 31.

The Akron electric utility on Tuesday also updated its earnings guidance for the full year. Results were released after the stock market closed.

A year ago, FirstEnergy reported earning $1.2 billion, or $2.55 a share, on revenue of $2.9 billion. That 2018 first quarter included a gain after the utility deconsolidated FirstEnergy Solutions and related subsidiaries after FirstEnergy Solutions filed for Chapter 11 bankruptcy.

FirstEnergy’s first-quarter adjusted earnings of 67 cents per share came in on the higher end of a projected range of 60 to 70 cents per share, the company said.”

Hmmmm image

(LFC Comments: Perhaps there are different companies that operate the nuclear plants and need to file bankruptcy, but to the average taxpayer being asked to bailout First Energy Solutions somebody has “some explaining to do”.  We believe nothing being distributed by the elites on the nuclear plants – verify then trust is our motto.)

Categories: Lake, Uncategorized


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