Akin Gump Advises FirstEnergy Corp. Subsidiaries in Pair of Deals
(New York) – Akin Gump advised Metropolitan Edison Company (Met-Ed) and Pennsylvania Electric Company (Penelec), wholly owned subsidiaries of FirstEnergy Corp., with respect to the issuance by Met-Ed of $250 million aggregate principal amount of its 4.000 percent senior unsecured notes due 2025 and the issuance by Penelec of $200 million aggregate principal amount of its 4.150 percent senior unsecured notes due 2025. The notes were offered in transactions exempt from registration pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.
Lucas Torres and Alice Hsu, partners in Akin Gump’s corporate practice, led the team advising Met-Ed and Penelec. They were joined by counsel Julie Street and associates Jesse Brush, Parker Lee and Joanna Kong, all from the firm’s corporate practice; tax senior counsel Christopher Harvey; and energy regulatory practice co-head Julia Sullivan and associate Scott Johnson.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 850 attorneys in offices throughout the United States, Europe, Asia and the Middle East.
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