Something big's been in the works for awhile. Seems to me there were rumors of a midwest utility shakeup, shuffling of assets late last summer. The relentless bad news on FE over the last 4 months, driving the price from $38 to $31.50 fits with the idea of driving it down to enable a buyout-merger at a lower price more consistent with the underlying assets and cash flows.
Plus Dominion Resources offered 6.99 cents per kwh for 2 years recently. That brings them revenue, and takes from FE. Useful if you're in the hunt.
A couple weeks back there was that repost of large call volume on FE. Now Moody's has weighed in. And did they sell 11 hydro power properties yesterday, thought I read that. So the company is already churning assets. Add the high call volume and something is in the works somewhere.
The employees were snippy, and when I was browsing treated me like a suspected #$%$, almost snarling at me. I was there to apply for a job, ironically. WHO would want to work with them? In those claustrophic stores??