FirstEnergy Transmission, LLC (FET), a subsidiary of FirstEnergy Corp., has announced an extension of its exchange offer for up to $450 million in aggregate principal amount of its 4.750% Senior Notes due 2033. The offer, originally set to expire at 5:00 p.m. New York City time on January 7, 2026, will now close at the same hour on January 21, 2026, unless further extended.
As of the previous deadline, holders had tendered $449,480,000—or approximately 99.88%—of the outstanding notes in the exchange offer. The terms are outlined in a prospectus dated December 5, 2025.
The exchange offer allows holders to swap their outstanding notes for new notes registered under the Securities Act of 1933. Interested parties can obtain copies of the prospectus and related documents from U.S. Bank Trust Company, National Association.
“This news release is for informational purposes only and is neither an offer to buy or sell nor a solicitation of an offer to buy or sell any Outstanding Notes or New Notes. The exchange offer is being made only pursuant to the exchange offer prospectus, which is being distributed to holders of the Outstanding Notes and has been filed with the Securities and Exchange Commission as part of the Company’s Registration Statement on Form S-4 (File No. 333-291265), which was declared effective on December 3, 2025.”
FET’s parent company FirstEnergy Corp operates one of the largest investor-owned electric systems in the United States and provides service to more than six million customers across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York according to its official website. Its transmission subsidiaries manage about 24,000 miles of transmission lines connecting regions in the Midwest and Mid-Atlantic (source). FirstEnergy also manages over 269,000 miles of distribution lines (source).
FirstEnergy emphasizes corporate responsibility through environmental initiatives and community engagement (source) and has received recognition for compliance leadership as well as awards for environmental efforts and military-friendly practices (source). The company aims to operate with integrity and reliability while improving customer experiences and supporting community strength (source).
“Statements in this document regarding FET that are not historical facts are ‘forward-looking statements’ that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, FET undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties…see FET’s Securities and Exchange Commission filings…”
For further information about this announcement or details about obtaining documentation related to this exchange offer process through U.S. Bank Trust Company or FirstEnergy’s media contacts remain available.
