Cases & Deals

  • Home
  • Practices
  • FirstEnergy sells $3.5 billion transmission stake to Brookfield

Share

FirstEnergy sells $3.5 billion transmission stake to Brookfield

March 2024

Client(s) FirstEnergy Corp.

Jones Day advised FirstEnergy Corp. in the $3.5 billion sale of an additional 30.0% equity stake in its subsidiary FirstEnergy Transmission (“FET”), the holding company for FirstEnergy’s three regulated electric transmission businesses, to North American Transmission Company II L.P., FirstEnergy’s existing joint venture partner in FET and a controlled investment vehicle entity of Brookfield Infrastructure Partners. Brookfield’s interest in FET has now increased from 19.9% to 49.9%, while FirstEnergy retained the remaining 50.1% ownership interests of FET.

Contacts

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.