Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FIRSTENERGY CORP entered into Purchase Agreement with North American Transmission Company II L.P., Brookfield Super-Core Infrastructure Partners L.P., Brookfield Super-Core Infrastructure Partners (NUS) L.P., Brookfield Super-Core Infrastructure Partners (ER) SCSp, and North American Transmission FinCo L.P. valued at $3.5 billion (effective 2023-02-02).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- North American Transmission Company II L.P., Brookfield Super-Core Infrastructure Partners L.P., Brookfield Super-Core Infrastructure Partners (NUS) L.P., Brookfield Super-Core Infrastructure Partners (ER) SCSp, and North American Transmission FinCo L.P.
- Value
- $3.5 billion
- Effective
- 2023-02-02
Exact text from the filing
On February 2, 2023, FirstEnergy Corp. (“FirstEnergy”), along with FirstEnergy Transmission, LLC, a majority-owned subsidiary of FirstEnergy that primarily owns controlling equity interests of certain of FirstEnergy’s transmission assets (“FET”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with North American Transmission Company II L.P. (“Investor”), FirstEnergy’s existing joint venture partner in FET and a controlled investment vehicle entity of Brookfield Infrastructure Partners, an experienced investor in U.S. infrastructure (“Brookfield”), Brookfield Super-Core Infrastructure Partners L.P., Brookfield Super-Core Infrastructure Partners (NUS) L.P. and Brookfield Super-Core Infrastructure Partners (ER) SCSp, as guarantors of Investor’s obligations and liabilities thereunder, and, for the limited purposes described therein, North American Transmission FinCo L.P., pursuant to which FirstEnergy agreed to sell to Investor at the closing (the “Closing”), and Inv
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