New FirstEnergy investors eye restructuring

摘要

A group of four investors will sink $2.5 billion in FirstEnergy and willrnplay a role in a new restructuring group that the Akron, Ohio-basedrnutility has formed to expedite its exit from competitive generation.rnFirstEnergy management has been discussing the sale of itsrnmerchant firm FirstEnergy Solutions for some time. It announced itsrnintent to exit competitive generation in November 2016, and reiteratedrnin October 2017 its determination to sell off, put into bankruptcy orrneven put back into rate base portions of the 12,303 MW of capacityrnand power purchase agreements it has at 10 facilities — includingrnthree nuclear — that are “commodity exposed” and operated byrnFirstEnergy Solutions.