secwatch.observer — SEC 8-K summary
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Issuer:     FirstEnergy Transmission, LLC (—)
CIK:        0002038118
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0002038118-26-000009
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2038118/000203811826000009/0002038118-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2038118/000203811826000009/fet-20260213.htm
  HTML page:      https://secwatch.observer/filing/0002038118-26-000009

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