On Monday, Shares of FirstEnergy Corp. (NYSE:FE), added 2.30% and closed at $32.23 in the last trading session. FE stock opened its last trade at $31.73 and after floating in a range of $31.72 to $32.41. The company’s Market capitalization is $13.68 Billion with the total Outstanding Shares of 425.20 Million. During the 52-week trading session the minimum price at which share price traded, registered at $28.89 and reached to max level of $36.60. FirstEnergy Corp.’s (FE) Pennsylvania utilities filed distribution rate case settlement agreements on October 14, 2016, with the Pennsylvania Public Utility Commission (PPUC) aimed at enhancing electric service reliability for more than two million customers across the state.
FirstEnergy’s Pennsylvania utilities include Metropolitan Edison Company (Met-Ed), Pennsylvania Electric Company (Penelec), Pennsylvania Power Company (Penn Power), and West Penn Power Company (West Penn Power).
The projected rate plans for each utility are expected to benefit customers by continuing FirstEnergy’s service reliability enhancement efforts in Pennsylvania, counting circuit and substation upgrades, pole replacements, additional vegetation administration, and equipment inspections. The settlement agreements also include continued assistance for providing service to low-income customers, which is about $95.3 million annually.
Parties to the settlements include the Office of Consumer Advocate, the Office of Small Business Advocate, the Bureau of Investigation and Enforcement, the West Penn Power Industrial Intervenors, the Penelec Industrial Customer Alliance, the Met-Ed Industrial Users Group, The Pennsylvania State University, the Coalition for Affordable Utility Services and Energy Efficiency in Pennsylvania, Wal-Mart Stores East, LP and Sam’s East, Inc., North America Hoganas Holdings, Inc., and AK Steel Corporation.
Boston Scientific Corporation (NYSE:BSX), DROPPED -0.57% and closed at $22.82 in the last trading session. BSX stock opened its last trade at $22.91 and after floating in a range of $22.76 to $22.95. The company’s Market capitalization is $30.78 Billion with the total Outstanding Shares of 1.38 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $15.67 and reached to max level of $24.79. Boston Scientific Corporation (BSX) recently declared the launch of the Resolution 360™ Clip, a novel technology designed to improve hemostatic clipping by providing physicians controlled rotation designed for more accurate clip placement. Boston Scientific will introduce the clip at the annual United European Gastroenterology Week (UEGW) in Vienna, Austria, and at the American College of Gastroenterology annual meeting in Las Vegas, Nevada.
Hemostatic clipping is used in a number of endoscopy procedures of the upper and lower gastrointestinal (GI) tract to stop and assist prevent bleeding associated with conditions counting peptic ulcers, polyps removed during a colonoscopy and diverticulosis of the colon. There are more than 240,000 incidences of GI bleeding in the U.S. each year1 and worldwide a 10 percent mortality rate is associated with upper and lower GI bleeds.2 A retrospective study demonstrated that prophylactic clipping can reduce the risk of bleeding from a 9.8 percent to 1.7 percent leading to a reduction in adverse events associated with GI bleeding.3