Changes for page FirstEnergy Corp
Last modified by Md. Touhidul Islam on 2023/05/21 03:44
edited by Md. Touhidul Islam
on 2023/05/21 01:27
on 2023/05/21 01:27
edited by Md. Touhidul Islam
on 2023/05/21 01:28
on 2023/05/21 01:28
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... ... @@ -28,6 +28,7 @@ 28 28 29 29 = Recent Financial Activities = 30 30 31 +* For the three months ended March 31, 2023 and 2022, capitalized financing costs on FirstEnergy’s Consolidated Statements of Income include $8 million and $13 million, respectively, of allowance for equity funds used during construction and $13 million and $6 million, respectively, of capitalized interest. 31 31 * On February 2, 2023, FE along with FET (FirstEnergy Transmission, LLC, the parent company of ATSI, MAIT and TrAIL) entered in FET P&SA II with Brookfield and Brookfield Guarantors where the latter agreed to purchase an additional 30% equity of FET for a purchase price of $3.5 billion, of which $1.75 billion will be in the form of promissory note issuance and the rest is cash. 32 32 * On December 13, 2021, FE privately issued to BIP Securities II-B L.P., an affiliate of Blackstone Infrastructure Partners L.P., 25,588,535 shares of FE’s common stock, par value $0.10 per share, at a price of $39.08 per share, representing an investment of $1.0 billion. 33 33