Profits decline for FirstEnergy
akron
Staff report
FirstEnergy Corp. reported lower third-quarter profits Tuesday, largely due to operating changes at some of its smaller, coal-fired plants. The company posted a net income of $175 million, or 59 cents per share, for the third quarter of 2010, down from $230 million, or 77 cents per share, for the same quarter last year. Revenue increased to $3.7 billion last quarter, compared with $3.4 billion in the third quarter of 2009. Customer usage was up 19 percent from the third quarter of 2009 as a result of a warmer-than-usual summer this year.