FirstEnergy Corp FE:NYSE

Last Price$40.83Cboe Real-Time Last Sale as of 11:07AM ET 8/15/22
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Today's Change0.00(0.00%)
Bid (Size)$40.85 (200)
Ask (Size)$40.86 (107)
Day Low / High$40.65 - 41.06
Volume258.1 K

FirstEnergy's Unit Closes Minority Interest Sale to Brookfield Super-Core Infrastructure Partners

4:31PM ET 5/31/2022 MT Newswires
FirstEnergy (FE)said late Tuesday its FirstEnergy Transmission unit closed the sale of a 20% minority equity stake to Brookfield Super-Core Infrastructure Partners for $2.38 billion.

The company retains 80% of the equity interest in FirstEnergy Transmission.

FirstEnergy also issued a $1 billion equity investment to Brookfield in November last year. The combined proceeds of $3.40 billion will be used by FirstEnergy to fund its capital programs, address the equity plans, and strengthen its balance sheet.