FirstEnergy (FE +1%) will close six of its older coal-fired power plants by September due to...

|About: FirstEnergy Corp (FE)|By:, SA News Editor

FirstEnergy (FE +1%) will close six of its older coal-fired power plants by September due to anticipated costs of complying with recently finalized U.S. environmental rules. FE also revises how it accounts for pensions and other post-retirement benefits, leading it to adjust higher its 2011 EPS guidance to $3.63-$3.65 from its earlier estimate of $3.30-$3.50.