May 7- U.S. power company FirstEnergy Corp said on Tuesday it hired an adviser and started implementing its plan to sell up to 1,240 megawatts of unregulated non-core hydro generation assets.
*Jefferies raises price target to $39.50 from $38.50; rating underperform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Mid- Atlantic and Midwest electric grid operator PJM Interconnection on Monday opened a new process to allow utility and non-utility competitors to propose solutions for power system needs in specific areas.
The relative price difference between NYMEX Central Appalachian coal and NYMEX Henry Hub gas is at its widest since June 2011 at almost $1.50 per million British thermal units, according to Reuters data. Natural gas traded at $3.87 per mmBtu on Friday morning, while Eastern coal was selling at $2.40 per mmBtu.
March 7- More than one-third of U.S. nuclear power plants suffered safety-related incidents over the past three years, and nuclear regulators and plant operators need to improve inspections to prevent such events, the Union of Concerned Scientists said in a report on Thursday.
*700 flights canceled at Washington area airports. Washington could get slammed by its biggest snowfall in as much as two years, with 6 inches to 12 inches expected after the storm moved eastward into the mid-Atlantic states, the National Weather Service said.
Washington could get slammed by its biggest snowfall in as much as two years, with 6 inches to 12 inches expected after the storm moved eastward into the mid-Atlantic states, the National Weather Service said.
*Barnes& Noble rallies on report part of it may go private. In company news, Barnes& Noble Inc Chairman Leonard Riggio is considering a bid for the company's bookstore business, the Wall Street Journal reported.
*S&P 500 coming off first weekly decline in eight. *Barnes& Noble rallies in premarket after WSJ report. NEW YORK, Feb 25- U.S. stock index futures rose on Monday, suggesting the recent rally for equities remains intact in spite of concerns that the U.S.