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FirstEnergy Corp.

Company Summary

Description

FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its ten electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. 

Website

https://www.firstenergycorp.com/fehome.html

Related Entities

Recent news

  • 9/8/2023 - FirstEnergy Subsidiary... (subscriber access)
  • 5/1/2023 - FirstEnergy Has Proposed... (subscriber access)
  • 2/3/2023 - FirstEnergy to Sell 30%... (subscriber access)
  • 12/2/2022 - FirstEnergy Constructs... (subscriber access)
  • 6/15/2022 - FirstEnergy Announces... (subscriber access)

Company Transactions

Date: 6/1/2022
Type: Acquisition

BUYERS:
  • Brookfield Super-Core Infrastructure Partners
    • SELLERS:
  • FirstEnergy Corp.
  • FirstEnergy Transmission, LLC
    • DETAILS:

    COST: 2.375 $B

    NOTES:
    FirstEnergy has closed on the sale of a 19.9% stake in FirstEnergy Transmission, LLC (FET) to Brookfield Super-Core Infrastructure Partners for $2.375 billion. FirstEnergy retains an 80.1% stake in the business and will continue to operate the assets.
    REGIONS:
  • United States