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FirstEnergy Receives Remaining Proceeds in Strategic $3.5 Billion FirstEnergy Transmission, LLC 30% Interest Sale
FEFirstEnergy(FE) Prnewswire·2024-07-17 18:30

Deploys final 1.2billioninproceedstofurtherstrengthenbalancesheet,supportingsustainable,long−termgrowththroughindustry−leadingEnergize365gridinvestmentprogramFirstEnergyisdeployingtheseproceedsinacredit−accretivemanner,consistentwiththecompany′splantofurthertransformitsbalancesheetandsupportitsfive−year,1.2 billion in proceeds to further strengthen balance sheet, supporting sustainable, long-term growth through industry-leading Energize365 grid investment program FirstEnergy is deploying these proceeds in a credit-accretive manner, consistent with the company's plan to further transform its balance sheet and support its five-year, 26 billion Energize365 grid investment program. "With the successful execution of these strategic transactions, FirstEnergy now has a strong balance sheet to supp ...