Reuters logo
BRIEF-FirstEnergy subsidiaries sign revised agreement
September 6, 2017 / 1:20 PM / 3 months ago

BRIEF-FirstEnergy subsidiaries sign revised agreement

Sept 6 (Reuters) - FirstEnergy Corp

* FirstEnergy subsidiaries sign revised agreement for sale of competitive natural gas and hydro assets

* FirstEnergy Corp - ‍assets will be sold for an all-cash price of $825 million under terms of revised agreement signed on August 30, 2017​

* FirstEnergy Corp - expected that proceeds from sales will be invested in FirstEnergy’s unregulated money pool and may be used for repayment of debt

* FirstEnergy Corp - revised agreement affects six power stations that are owned directly or indirectly by FirstEnergy subsidiaries Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below