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Fitch: FirstEnergy's Ratings Unchanged by Recent PJM Developments

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NEW YORK--(BUSINESS WIRE)--The ratings of FirstEnergy Corp. (FE; Issuer Default Rating [IDR] 'BB+'; Outlook Stable) are unchanged by the higher realized prices and cleared megawatts (MW) in recently held PJM transition auctions for generating capacity, according to Fitch Ratings. While a constructive development from a credit point of view leading to improved earnings and cash flows at the margin, it will not be sufficient to move FE up the rating scale from its current 'BB+' IDR. FE's debt to

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