Buchanan Ingersoll & Rooney Represents Signal Peak in $400 Million Deal with Gunvor Group, Ltd.

Pittsburgh, Pa. — October 19, 2011 — Buchanan Ingersoll & Rooney PC (www.bipc.com) announced today that it represented a joint venture between subsidiaries of FirstEnergy Corp. (NYSE: FE) and Boich Companies, that own the Signal Peak coal mine in Montana, in a deal with Gunvor Group, Ltd., one of the world's leading commodity traders, in which Gunvor purchased a one-third interest in the venture for $400 million. The Buchanan team was led by Bruce A. Americus and Brian S. Novosel

As part of the transaction, coal purchase agreements between Signal Peak and subsidiaries of each of First Energy and Gunvor were negotiated.

“We are pleased to have assisted our client in this important transaction for all parties involved,” said Americus. “Our ability to execute this transaction demonstrates our growing capability to provide commercial, M&A and other legal services to our growing list of energy clients.”

About the Firm

Buchanan Ingersoll & Rooney's dedicated energy practice enjoys a national reputation as a go-to firm for the coal industry. In addition, the firm is particularly active representing natural gas producers and midstream operators in the Marcellus Shale Region.

Buchanan Ingersoll & Rooney PC (www.bipc.com) serves Fortune 500 companies, financial institutions, mid-sized, small and emerging businesses, and individuals from its offices in Pennsylvania, Florida, New Jersey, New York, Virginia, Washington, D.C., California, and Delaware. Buchanan focuses on multiple industry and law specific practice areas within each of its core disciplines: Corporate, Litigation, Intellectual Property, Energy, Financial Services, Tax, Labor & Employment, Regulatory & Government Relations, Health Care and Real Estate.