03:11 PM EDT, 07/17/2024 (MT Newswires) -- FirstEnergy ( FE ) said Wednesday that it has received the remaining $1.2 billion from the $3.5 billion sale of a 30% stake in its FirstEnergy Transmission subsidiary to Brookfield Super-Core Infrastructure Partners.

The initial $2.3 billion was received at deal completion in March, according to the company statement.

FirstEnergy ( FE ) said it will use proceeds to enhance the company's balance sheet and support its $26 billion Energize365 grid investment program.

Shares of the company rose 1.6% in recent trading.

Price: 39.60, Change: +0.63, Percent Change: +1.62