---
schema_version: "secwatch.filing_event.v1"
accession: "0002038118-26-000009"
form_type: "8-K"
ticker: null
cik: "0002038118"
company_name: "FirstEnergy Transmission, LLC"
filed_at: "2026-02-19T23:59:59+00:00"
generated_at: "2026-05-16T01:50:48.765725+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FET and AEP subsid form Grid Growth JV for ~$1B PJM transmission lines

## Summary
- On Feb 13, 2026, FET and American Electric Power's Transource entered amended operating agreement for 50/50 JV Grid Growth Ventures.
- Grid Growth awarded ~220 miles of 345kV and 765kV transmission lines between Ohio/Indiana border and central Ohio.
- Total project cost estimated at $1.0B; FET's share approx. $490M.
- Governance requires unanimous member consent for major actions; lock-up on transfers until Feb 2032 or project in-service.
- Grid Growth owns 80% of Grid Growth EHV Holdings and 100% of Grid Growth Ohio.

## SEC filing metadata
- accession: 0002038118-26-000009
- form_type: 8-K
- cik: 0002038118
- company_name: FirstEnergy Transmission, LLC
- filed_at: 2026-02-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2038118/000203811826000009/0002038118-26-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2038118/000203811826000009/fet-20260213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002038118-26-000009
- JSON: https://secwatch.observer/filing/0002038118-26-000009.json
- Plain text: https://secwatch.observer/filing/0002038118-26-000009.txt

## Key facts
- Material Agreements
  FirstEnergy Transmission, LLC amended Grid Growth Operating Agreement with Transource Energy, LLC (effective 2026-02-13).
  - Action: amendment
  - Counterparty: Transource Energy, LLC
  - Effective: 2026-02-13
  source text: On February 13, 2026, FirstEnergy Transmission, LLC (“FET”) and Transource Energy, LLC, a subsidiary of American Electric Power Company, Inc. (“Transource”), entered into the Grid Growth Ventures, LLC (“Grid Growth”) Amended and Restated Operating Agreement (“Grid Growth Operating Agreement”), which amended and restated a provisional operating agreement between the Grid Growth members entered into in December 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2038118/000203811826000009/0002038118-26-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.