FirstEnergy Corp. (NYSE: FE) announced two strategic financings with two of the premier global infrastructure funds – Blackstone Infrastructure Partners and Brookfield Super-Core Infrastructure Partners – that will raise a combined US$3.4 billion in equity proceeds to strengthen FirstEnergy’s financial position, capitalize on incremental investment opportunities, and address all equity plans. FirstEnergy has entered into an agreement to issue US$1 billion of common equity to Blackstone Infrastructure Partners at US$39.08 per share to support FirstEnergy’s smart grid and clean energy transition initiatives. As part of its investment, FirstEnergy will appoint a Blackstone Infrastructure Partners-selected representative to its board of directors no later than the next annual meeting. Latham & Watkins LLP represents Blackstone Infrastructure Partners in the transaction with a corporate team led by Houston partner Ravi Purohit and New York partner David Allinson together with New York associate John Karantonis.~~