FirstEnergy Corporation (FE), through its subsidiary American Transmission Systems, Inc., entered into an agreement to join PJM Interconnection LLC (PJM). The Federal Energy Regulatory Commission (FERC) approved the integration last week.   Currently, the company’s transmission assets located within FirstEnergy's Ohio and Pennsylvania Power (Penn Power) utilities are operated by the Midwest Independent Transmission System Operator. The integration into PJM is expected to be complete on June 1, 2011, to coincide with delivery of power under the next competitive generation procurement process for the Ohio and Penn Power Utilities. The consolidation is expected to facilitate customers with the benefits of a fully developed retail choice market, and the company with the operating efficiencies of a single Regional Transmission Organization (RTO) – with one set of rules, procedures and protocols.  Earlier last week, FirstEnergy reached an agreement to sell a Michigan power plant to Wolverine Power Supply ...

FirstEnergy Generation Corp., a subsidiary of FirstEnergy Corporation (FE), has acquired the rights to develop the Norton Energy Storage Project - compressed air energy storage (CAES) facility in Norton, Ohio - from CAES Development Company, LLC. The transaction includes rights to a 600-acre underground cavern, formerly operated as a limestone mine, which is ideal for energy storage technology.  FirstEnergy believes that the compressed-air technology at this site will enable the company to store energy at night, when electricity demand is less, and use it during the day when demand escalates. It is normally observed that many renewable energy sources, like wind, are irregular and do not produce power when there is a high demand. Given the energy storage aspects of this project, the company sees Norton Storage as a key component to its overall renewable energy strategy.  FirstEnergy expects the project to create hundreds of construction ...

Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

Monday Nov 23, 2009

DrStockPick.com Stock Report!

**************************************************************

Power3 Medical Products, Inc. (OTCBB: PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests, expects to complete phase II clinical validation trials of its blood serum diagnostics for Alzheimer’s disease (NuroPro-AD), and Parkinson’s disease (NuroPro-PD) in 2009 and for breast cancer in 2010, followed by filings with the FDA.

FirstEnergy Generation Corp., a subsidiary of Akron, Ohio-based FirstEnergy Corp. (NYSE: FE) today announced that it has purchased the rights to develop a compressed-air electric generating

...