SEC Asks FirstEnergy for Nuke Data

FirstEnergy (FE Quote) has some dim news for investors.

The Ohio utility, largely blamed for last year's record blackout, is fielding new questions from federal investigators. The company said on Monday that the Securities and Exchange Commission has asked for "information and documents" related to the extended outage of its Davis-Besse Nuclear Power Station. It continues to describe the SEC probe, originally launched in September, as informal in nature.

FirstEnergy actually received the SEC's letter on Thursday -- the same day it announced a major reorganization of its nuclear power division. The company is now in the first stage of a three-step process that is intended to improve the performance of the nuclear department. ...