FirstEnergy will cut 400 jobs by 2016

The utility FirstEnergy says it expects to cut up to 400 jobs by 2016 as it struggles against a lackluster economy that's led to lower demand and power prices.
Associated Press
Nov 10, 2012

The (Cleveland) Plain Dealer reports that the company's CEO talked about the coming job cuts during a public teleconference with analysts Thursday about third-quarter financial results.

FirstEnergy's Anthony Alexander said the reductions would be made through "normal attrition" beginning next year.

The Akron-based company employs 17,000 people in 10 companies from Ohio to the East Coast. Its third-quarter net profits were down nearly 20 percent compared with the same period in 2011.

FirstEnergy was faced with restoring power to around 250,000 customers in northeast Ohio following superstorm Sandy last week.

 

Comments

OMG.LOL.WT_

@KNUCKLEDRAGGER
An ice age, or more precisely, a glacial age, is a period of long-term reduction in the temperature of the Earth's surface and atmosphere, resulting in the presence or expansion of continental ice sheets, polar ice sheets and alpine glaciers. Within a long-term ice age, individual pulses of cold climate are termed "glacial periods" (or alternatively "glacials" or "glaciations" or colloquially as "ice age"), and intermittent warm periods are called "interglacials". Glaciologically, ice age implies the presence of extensive ice sheets in the northern and southern hemispheres. By this definition, we are still in the ice age that began 2.6 million years ago at the start of the Pleistocene epoch, because the Greenland and Antarctic ice sheets still exist.

The Big Dog's back

Eriemom, you have to remember the right wing mind only deals in dollars and cents. If they would deal more in sense they could understand renewable energy is the future. Will it cost more in the beginning? Sure. But once we have multiple renewable energy sources in place, down comes the cost. Their only concern is what is it going to cost me now.

Contango

@ brutus:

So do you drive a hybrid or an electric car?

Are all the bulbs in your home LED and CFL?

Are all your home appliances energy efficient?

Have you cut down on energy consumption?

Have you cut down on meat consumption?

So what 'exactly' are you doing to help bring about energy independence?

Why not spend some money where your mouth is?

eriemom

More attack instead of ideas to solve the problem.

Contango

@ eriemom:

“Attack”? Au contraire. Just looking for potential Progressive hypocrisy.

Aren't those some of the "approved" solutions?

So are you putting your money where your mouth is?

Would one find any incandescent bulbs in your house?

The Big Dog's back

No, Yes, Yes, Yes, Yes.

Contango

@ eriemom:

Glad to see that you've got it all figured out in your little science fiction model. It remains to be seen how the future in the world of reality plays out.

The "fact" remains that the U.S. govt. borrows approx. 40-50 cents of every dollar spent.

Foreign govts hold approx. 50% of our country's outstanding debt. No country in world history has ever had that percentage.

So without higher taxes on everyone and a lower national standard of living, where's the capital gonna come from for your grand design?

Unfortunately, hard economics are gonna derail your collectivist socially engineered future.

“No bucks, no Buck Rogers” – “The Right Stuff.”

"Climate change" is a euphemism for global warming and you know it.

The CEO's compensation is small potatoes in the scheme of things. It's up to the shareholders to decide his salary, not the socialists.

FORWARD SOVIET!

eriemom

Nowhere in my statement did I bring up taxes. You are fixated on your own investment taxes. Although if you need to change the subject than I do believe that your income from investments should be taxed at the same rate as my taxes paid from work. If you read it over again I am describing how the free market is and will react to increased transportation costs.

"Climate change" is a euphemism for global warming and you know it."
So. How does that change anything whatsoever. Global warming is causing climate change.
Example: The North Atlantic was three degrees over normal when Sandy took its weird course.

You want to discuss only economics and your own personal taxes. What will be the result of sea levels rising to your children's economic future? Take a look at a global map and locate all of the major cities and their economic contributions.

You are a shareholder. Stand up and be heard.

Contango

@ eriemom:

Nope! Talkin' the federal debt and deficit.

Investing is risk taking with one's capital; going to work and receiving wages and benefits is not the same. Does your employer not pay you some weeks because business was bad?

Where's the capital for yours and the Supreme Leader's science fiction energy plan gonna come from? Borrow more from foreigners?

N. Atlantic warmer? You data mine your global warming evidence to support your AGW dogma.

In the AGW world - all "weird" weather is caused by climate change. If it rains too much – AGW. If it’s too dry – AGW. Ad nauseum.

Sandy was 'barely' a Cat 1, Katrina was a Cat 3 when it hit.

Your continued biblical catastrophe stories and Chicken Little worries are tiresome.

Indirect shareholder through mutual funds.

eriemom

"You data mine your global warming evidence to support your AGW dogma."
Didn't have to. The data is in my office. The electricity has come on line.

At what point did I ever bring up using public money in this conversation? What I have suggested will happen is because of the way that capitalism works. You know, that Ponzi Scheme that you idolize.

I should not have to point out to you that that the nightly news is not of my making. Of course you will continue to ignore the obvious. I need to check the data on Arctic sea ice and the North Atlantic Oscillation pressure. It was stationary last year. An anomaly or related to sea ice coverage?

Contango

@ eriemom:

Public money? Enron worked the system as did Solynda and other failing green cos.

Capitalism a pyramid scheme? Now you're just being absurd.

So you have no retirement savings but will depend on the "real" Ponzi schemes of SS and Medicare?

So the "Little Ice Age" was caused by AGW?

Nightly news? Looks like GW is slowing down. huh.

http://www.abc.net.au/science/ar...

2cents

Why buy stocks? I lost out on Worldcom when they cooked the books. Got out and bought gold at 680. Can't cook the books on gold!

eriemom

You agreed with a statement that Capitalism is a Ponzi scheme. You also wrote that some Ponzi schemes are better than others.

The "little Ice Age" was likely caused by volcanism.

Really are you ...

Goodness. This electrical thing again. As a veteran and proud american, I got your 6. Stating facts: Electricity is neither created nor destroyed. It is always around us, we have to find out how to harvest it. In an automobile and at power plants, alternators are what generates electricity. Not the combustion of fossil fuels, or nuclear rods in a nuclear reactor. The fuel or nuclear rods heat water to produce steam that end up rotating the generator. I have found a way, a new compact in size concept, to have a seemlessly endless supply of electrical energy delivered to an electrical motor in a vehicle. A device that could be used by a home owner to power their house for generations. All done with zero emmissions, no radiation, and compact in size. This is a solution that I have been working on for quite a while now, and have met only resistance when trying to promote it. I was a proud American Soldier, this concept works, and now in the civilian world I am nothing again.

Really are you ...

And thanks for your time in service, to all of the veterans and active duty military personnel out there.

Contango

Federal debt be d*mned!

Let's borrow and print more money to help support Mr. Obama's goal of energy independence.

Besides, in his Weekly Address he said that everyone was gonna help pay down the deficit. Higher taxes for everyone!

"I will not ask students or seniors or middle-class families to pay down the entire deficit while people making over $250,000 aren’t asked to pay a dime more in taxes."

http://www.whitehouse.gov/the-pr...

You should read what this guy 'actually' says, not what you 'think' he says.

FORWARD SOVIET!

eriemom

Who do you think should shoulder the bill? This article is about electricity production and not your tax rate.

Contango

@ eriemom:

Wasn't Mr. Obama crowing on the campaign trail about lowering 98% of Americans' taxes. When did he say that your taxes were gonna go up to help pay down the deficit?

And production costs for elect. due to EPA mandates and corp. taxes won't increase your standard of living costs?

For someone that believes in the AGW dogma, how is that you miss the fact that everything is economically interconnected?

Cracked Cherry

L.I.P.A. is hiring in Long Island. Move there and get a job.

KURTje

Tesla & Tucker. 2 of my favorites. So avant-garde. Monied established few fought them hard. (Common person must always pay right?) R.Buckminster Fuller - another brillant human being. Fortunate to know how to walk independent.

SamAdams

eriemom,

If capitalism doesn't work, why has the United States been so successful in the past? If socialism DOES work, why isn't Russia the richest country in the world?

Forget those overall systems for a moment, and explain something to me: Why is it bad to expect people to work in order to get a reward? And why is it good to reward people for doing nothing? Going just a little further along those lines, why should people who work hard for the rewards they get continue to work hard when there's suddenly no reward at all for it?

Final question: If you really believe the way you do, why haven't you moved to Cuba? Or are you panting with the exhilaration of doing to this country what Castro has done to that one?

gilamonster

So you want me to believe there are no profiteers in the world of AGW or renewable energy; that all these companies and scientists are in the game for free and their only compensation is helping mankind? HaaHaaHaa Bwaaaa… I can list AGW profiteers if you want. So were the Vikings trolling around in big polluting boats when they planted vineyards in Greenland?
I say this, take heed of what is currently happening in Germany with the rising cost of electricity to cover the cost of new grids and renewable power. In October the3 largest operators announced electric rate increases upward of 47% current rate. By 2025 they are still on track to a 70% increase in electric cost. Many households struggling to pay current bills; manufactures are threatening to leave. This is here and now. (Spiegel)

Eeriemom, the greeners at NOAA (who gets about $437 million for their AGW studies) say that Sandy was not related to global warming or climate change. Same said the IPCC. But hey there’s nothing like a good natural disaster to exploit.

wiredmama222

Because people have learned to CONSERVE and use less energy....if the economy gets rolling again, watch how fast this changes....unless people start using a "greener" form of energy to heat and light their homes.

KURTje

Strange....Germany is one of the world's largest users of solar. Let's see, others in the EC wanted their help on finances. Sweden, Norway, Iceland are progressive & have in many ways a higher standard of living. Better think fwd while remembering the past. We are a divided nation. America's herd mindset has her hamstrung.

wiredmama222

Geez, the election is OVER the majority spoke...get over it already.

The electric company is making this decision for 2016....a LONG TIME FROM NOW. Things can change between now and then and everyone is in a tizzy over something that may or may not happen four years from now????

Come now. Did the electric company check their crystal ball and see that in 2016, they would DEFINITALLY get rid of that many people? Maybe some of them will be retiring by then? Or they will cut back through animated job stations? Who knows? Or perhaps they have only PROJECTED it to be that many?

Don't get too excited, its four years off and no one knows for sure what will happen tomorrow let alone by 2016.

I can't believe people are still complaining about the election. It's over....lets get on with moving this country toward something besides party politics and taxes. Let the rich pay their fair share for once and get over it.

I actually heard a REPUBLICAN blame BUSH this morning for Mitt Romney's loss. Now that is digging a little deep for even MY blood. LOL.

Time to get over it when that happens. LOL

LadyC

What ever happened to employee stock options, or profit sharing? Perhaps employees would have more loyalty and connection to the company they work for if they felt invested in it, instead of like a piece of disposable equipment. And some of those laid-off workers are probably smart enough and knowlegable enough to contribute to the growth of the company. Again, those at the top don't see their workers for what they could be: a valuable resource.
and they DO get a hefty tax break for Research and Development expenses. Just sayin.

mikel

since the election resulted the way it did there have been thousands of employees in the coal mining industry laid off. the "trickle" down goes to the rail, trucking and shipping companies. the results will be massive. ask employees at either rail yard in bellevue or willard and they will tell you that rail cars for coal has gone down over the last week. but thats ok. prezo will surely bail them out like he did the auto industry right?

btw, like i have said before the rich and corporations will not feel the effects of tax increase's and here is a prime example. i am sure that the libitards didn't think that far ahead.

再次,您美國人顯示多麼愚笨您是。

Kimo

57 comments

SSDD

Kimo

Might want to consult with the Chinese and see what they have in mind...
Won't be long they will be calling the shots........
Not 4 sure but my wag is they will go with coal....

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