FirstEnergy Closes on $3.5 Billion FirstEnergy Transmission, LLC 30% Interest Sale
March 26, 2024
March 26, 2024
AKRON, Ohio, March 26 -- FirstEnergy issued the following news release on March 25, 2024:
FirstEnergy Corp. (NYSE: FE) announced today it has completed the previously disclosed sale of an additional 30% ownership interest in its FirstEnergy Transmission, LLC (FET) subsidiary to Brookfield Super-Core Infrastructure Partners (Brookfield) for $3.5 billion.
FirstEnergy received $2.3 billion of cash proceeds at closing, with the remaining $1.2 billion in interest-bearing not . . .
FirstEnergy Corp. (NYSE: FE) announced today it has completed the previously disclosed sale of an additional 30% ownership interest in its FirstEnergy Transmission, LLC (FET) subsidiary to Brookfield Super-Core Infrastructure Partners (Brookfield) for $3.5 billion.
FirstEnergy received $2.3 billion of cash proceeds at closing, with the remaining $1.2 billion in interest-bearing not . . .