Investors Yawn after FirstEnergy Unit Files Chapter 11, Plans to Close Four Nuclear Units

SUGAR LAND, TEXAS--April 6, 2018--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Investors greeted the bankruptcy filing by units of FirstEnergy Corporation (NYSE:FE) (Akron, Ohio) with a collective yawn this week. And no wonder: The parent company, which is not part of the proceedings, has been talking about a possible Chapter 11 bankruptcy for its competitive-power units for some time. That suggests any concerns investors might have about a bankruptcy filing by those units has already been priced into FirstEnergy's stock.

Within this article: Details of the bankruptcy proceedings of the FirstEnergy units