FirstEnergy Solutions, the subsidiary of FirstEnergy Corp. (NYSE: FE) expects construction of the Fremont Energy Center to be completed by 2010 and have the plant operational in 2011. The company had preciously announced they were planning to extend the construction through 2012 in response to the economy and lower demand in electricity. The company now estimates the plant will cost about $200 million to complete.
Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.
Sign Up for our Free Stock Newsletter
Calpine Corporation had sold FirstEnergy the plant in January 2008. The plant, located in Fremont, Ohio, includes two natural gas combined cycle combustion turbines and a steam turbine which can produce 544 MW of load following capacity and 163 MW of peaking capacity.
About FirstEnergy
FirstEnergy is a diversified energy company headquartered in Akron, Ohio. Its subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, as well as energy management and other energy-related services. Its seven electric utility operating companies comprise the nation's fifth largest investor-owned electric system, based on 4.5 million customers served, within a 36,100-square-mile area of Ohio, Pennsylvania and New Jersey; and its generation subsidiaries control more than 14,000 megawatts of capacity.
Sign up for Today for our free Wall Street Grand newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
About Wall Street Grand
Wall Street Grand is the best investor relations company on the web. From Research Reports to Stock Profiles, we give you everything you need to make the best investment decisions daily. Each of our Featured Investment Opportunities hold premium characteristics to succeed even our own expectations making us the best kept secret of Wall Street.
To feature a company on our web site please contact us at the email listed below.
Wall Street Grand's stock profiles are intended to be stock ideas, NOT recommendations. Please do your own research before investing. Please click here to read the full disclaimer.
