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   Who owns FirstEnergy transmission (FET)?

   • AKRON, Ohio, Feb. 2, 2023 -- FirstEnergy Corp. (NYSE: FE) today announced it has entered into a definitive agreement to sell an additional 30% ownership interest in its FirstEnergy Transmission, LLC (FET) business to Brookfield Super-Core Infrastructure Partners (Brookfield).

   FirstEnergy Announces $3.5 Billion Equity Capital Agreement to Further

   www.firstenergycorp.com/newsroom/news_articles/firstenergy-announces--3-5-billion-equity-capital-agreement-to-f.html

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   Does FirstEnergy own FET?

   • FirstEnergy also owns transmission assets in New Jersey, Pennsylvania, West Virginia and Maryland that are not part of FET. In May 2022, FirstEnergy completed the sale of a 19.9% non-controlling interest in FET to Brookfield.

   FirstEnergy Announces $3.5 Billion Equity Capital Agreement to Further

   www.firstenergycorp.com/newsroom/news_articles/firstenergy-announces--3-5-billion-equity-capital-agreement-to-f.html

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   Is FirstEnergy a FERC regulated company?

   • FET is the holding company for three of FirstEnergy's FERC-regulated transmission utility subsidiaries: American Transmission Systems, Incorporated (ATSI); Mid-Atlantic Interstate Transmission, LLC (MAIT); and Trans-Allegheny Interstate Line Company (TrAILCo) – which comprise one of the largest transmission systems in PJM.

   FirstEnergy Announces $3.5 Billion Equity Capital Agreement to Further

   www.firstenergycorp.com/newsroom/news_articles/firstenergy-announces--3-5-billion-equity-capital-agreement-to-f.html

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   How did FirstEnergy raise $3.5 billion?

   • Akron-based FirstEnergy Corp. will raise $3.5 billion through an agreement to sell an additional 30% stake in its FirstEnergy Transmission business to Brookfield Super-Core Infrastructure Partners, an affiliate of investment firm Brookfield Asset Management. To Continue Reading... Subscribe to read the full story and other breaking news today.

   FirstEnergy to raise $3.5B through transmission stake sale

   www.crainscleveland.com/energy-and-environment/firstenergy-corp-will-raise-35b-through-sale-additional-transmission-stake

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   What happened to FirstEnergy?

   • In May 2022, FirstEnergy completed the sale of a 19.9% non-controlling interest in FET to Brookfield. Upon closing of the transaction announced today, FirstEnergy will remain the majority owner of FET, and FirstEnergy's workforce will continue to operate the business.

   FirstEnergy Announces $3.5 Billion Equity Capital Agreement to Further

   investors.firstenergycorp.com/investor-materials/news-releases/news-details/2023/FirstEnergy-Announces-3.5-Billion-Equity-Capital-Agreement-to-Further-Enhance-Financial-Position-and-Support-Sustainable-Long-Term-Growth/default.aspx

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   Why is Fet partnering with FirstEnergy?

   • FET is uniquely positioned to capture significant capital investment opportunities driven by the modernization of the grid, decarbonization and general electrification of the economy. We look forward to partnering with FirstEnergy and supporting FET's customer-focused investment and long-term value creation opportunities."

   FirstEnergy Announces Transformative $3.4 Billion of Equity Financings

   www.firstenergycorp.com/newsroom/news_articles/firstenergy-announces-transformative--3-4-billion-of-equity-fina.html

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2. www.firstenergycorp.com › newsroom › news_articlesFirstEnergy Announces $3.5 Billion Equity Capital Agreement ...

   www.firstenergycorp.com › newsroom › news_articles

   • Cached

   Feb 2, 2023 · AKRON, Ohio, Feb. 2, 2023 -- FirstEnergy Corp. (NYSE: FE) today announced it has entered into a definitive agreement to sell an additional 30% ownership interest in its FirstEnergy Transmission, LLC (FET) business to Brookfield Super-Core Infrastructure Partners (Brookfield).

3. investors.firstenergycorp.com › investor-materialsFirstEnergy Closes on $3.5 Billion FirstEnergy Transmission ...

   investors.firstenergycorp.com › investor-materials

   • Cached

   Mar 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.

4. www.firstenergycorp.com › newsroom › news_articlesFirstEnergy Announces Transformative $3.4 Billion of Equity ...

   www.firstenergycorp.com › newsroom › news_articles

   • Cached

   Nov 7, 2021 · FirstEnergy has also entered into a definitive agreement with Brookfield to sell a 19.9% stake in FET, the holding company for FirstEnergy's three regulated transmission subsidiaries, for $2.4 billion, representing an exceptionally attractive electric utility valuation of 40x LTM P/E.

5. www.power-grid.com › td › transmissionFirstEnergy sells 30% stake in transmission subsidiary for $3.5B

   www.power-grid.com › td › transmission

   • Cached

   Mar 27, 2024 · FirstEnergy announced it has completed the previously disclosed sale of an additional 30% ownership interest in its FirstEnergy Transmission (FET) subsidiary to Brookfield Super-Core Infrastructure Partners for $3.5 billion.

6. www.smart-energy.com › industry-sectors › businessFirstEnergy sells 30% stake in transmission subsidiary for $3 ...

   www.smart-energy.com › industry-sectors › business

   • Cached

   Apr 1, 2024 · FirstEnergy announced it has completed the previously disclosed sale of an additional 30% ownership interest in its FirstEnergy Transmission (FET) subsidiary to Brookfield Super-Core Infrastructure Partners for $3.5 billion.

7. investors.firstenergycorp.com › investor-materialsFirstEnergy Announces $3.5 Billion Equity Capital Agreement ...

   investors.firstenergycorp.com › investor-materials

   • Cached

   Feb 2, 2023 · FirstEnergy Corp. (NYSE: FE) today announced it has entered into a definitive agreement to sell an additional 30% ownership interest in its FirstEnergy Transmission, LLC (FET) business to Brookfield Super-Core Infrastructure Partners (Brookfield).

8. www.crainscleveland.com › energy-and-environmentFirstEnergy to raise $3.5B through transmission stake sale

   www.crainscleveland.com › energy-and-environment

   • Cached

   Feb 3, 2023 · FET is the holding company for three of FirstEnergy's FERC-regulated transmission utility subsidiaries: American Transmission Systems Inc.; Mid-Atlantic Interstate Transmission LLC; and Trans-Allegheny Interstate Line Co. FirstEnergy also owns transmission assets in New Jersey, Pennsylvania, West Virginia and Maryland that are not part of FET.