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FirstEnergy Declares Dividend: Down 34.5%

January 21, 2014

FirstEnergy just declared its quarterly dividend at .36/share, down 34.5% from last quarter’s .55/share.

Looks like Wall Street hasn’t been fooled by CEO Tony Alexander’s dumping the Harrison Power Station on WV rate payers.  It looks like Jonathan Bluhm’s predictions are coming true.

And FirstEnergy’s 2014 profit forecast is below what most analysts expected.

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5 Comments leave one →
  1. January 21, 2014 7:27 pm

    It worries me that these people are trying to run three nuclear power plants while they are losing money.

  2. keryn permalink
    January 22, 2014 10:58 am

    They’re not losing money. They’re just not making as much as they thought they would.

  3. January 22, 2014 12:50 pm

    This in this morning on the First Energy’s Perry Ohio Nuclear plant. http://www.cleveland.com/open/index.ssf/2014/01/perry_nuclear_power_plant_is_l.html

    No worries. Just one of thousands of valves has started a little leak.

    If they are not making as much money as they want, it means that they will have to cut expenses somewhere, maybe in many places. Like maintenance and replacements.

  4. keryn permalink
    January 22, 2014 9:56 pm

    … and food for their goldfish.

  5. January 22, 2014 10:22 pm

    Water with Tritium in it makes the goldfish really glow.

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