United Asset Strategies Inc. decreased its stake in FirstEnergy Corp. (NYSE:FE – Free Report) by 11.9% during the third quarter, Holdings Channel reports. The institutional investor owned 34,170 shares of the utilities provider’s stock after selling 4,624 shares during the quarter. United Asset Strategies Inc.’s holdings in FirstEnergy were worth $1,168,000 as of its most […]
The West Virginia Public Service Commission issued a misleading press release regarding an audit it ordered of lobbying expenses among the FirstEnergy utilities that serve West Virginia, Mon Power and Potomac Edison. The PSC highlighted testimony from Mon Power and Potomac Edison executive Raymond Valdes that omitted the limited scope of the audit and a concession by the companies that costs related to an Ohio bribery scheme may have had an impact in West Virginia.