FirstEnergy Transmission amends LLC agreement to include two new transmission JVs

FirstEnergy Transmission, LLC

Fifth LLC Agreement dated May 20, 2026 adds governance for two new transmission JVs: Valley Link and Grid Growth.
Ownership unchanged: FirstEnergy 50.1%, Brookfield affiliate 49.9%; board size and composition unchanged.
Existing Investor consent, consultation and reporting rights now extended to the two JVs.
The Fourth LLC Agreement, filed in Oct 2024, set governance after Brookfield increased to 49.9%.
No financial details of JVs disclosed; agreement focuses solely on governance mechanics.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FirstEnergy Transmission, LLC amended Fifth Amended and Restated Limited Liability Company Agreement of FET with North American Transmission Company II L.P. (effective 2026-05-20).

Action: amendment
Counterparty: North American Transmission Company II L.P.
Effective: 2026-05-20

Exact text from the filing

On May 20, 2026, FirstEnergy, FET and Investor entered into a Fifth Amended and Restated Limited Liability Company Agreement of FET (the “Fifth LLC Agreement”), which amends and restates the Fourth LLC Agreement in its entirety.

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Source: SEC EDGAR

accession 0002038118-26-000021

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