Private company
Who owns Valley Link Transmission Company, LLC
2 companies in the researched set disclose a stake in Valley Link Transmission Company, LLC, none of it sized by anyone who discloses it. Valley Link Transmission Company, LLC is private, so no 13F reports it: a 13F covers exchange listed positions only. These figures exist because each holder disclosed the stake in its own filings.
Valley Link Transmission Company, LLC - Profile
- Type
- joint venture
- Based in
- United States
Valley Link Transmission Company is a transmission development joint venture formed by FirstEnergy Transmission, Dominion Energy and American Electric Power (through its Transource Energy affiliate) to build high voltage lines awarded by PJM Interconnection in its 2024 Regional Transmission Expansion Plan open window. Its portfolio covers roughly 260 miles of 765 kilovolt line and two substations running from Putnam County, West Virginia to Frederick County, Maryland, about 155 miles of 765 kilovolt line and a substation between Campbell County and Fauquier County, Virginia, and a new substation in Caroline County, Virginia. The projects respond to load growth in the PJM footprint and remain in early development, with routing, environmental study, permitting and state regulatory approval still ahead.
Source
Valley Link Transmission Company, LLC files nothing with the SEC, so none of this comes from a filer record. The description was written for this site in August 2026 from FirstEnergy: PJM selects regional transmission projects to be jointly developed by FirstEnergy, Dominion Energy, American Electric Power, AEP: PJM selects regional transmission projects to be jointly developed by American Electric Power, Dominion Energy, FirstEnergy and Dominion Energy newsroom: PJM selects regional transmission projects. The ownership figures below come from the holders' filings instead, and are sourced row by row.
The disclosed stakes
One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.
Where each figure comes from
A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.
- American Electric Power Company, Inc.. The FY2025 10-K glossary states Valley Link 'is 31.14% owned by AEP' directly. Formed in 2024 by Transource Energy, Dominion Energy affiliates and FirstEnergy affiliates to bid into PJM's 2024 Regional Transmission Expansion Plan; in February 2025 PJM selected regional upgrades proposed by Valley Link, estimated to cost approximately $3.0 billion, of which Transource Energy's (not AEP's own) estimated share of the investment is $1.1 billion. No carrying value for AEP's look-through interest is disclosed. source
- FirstEnergy Corp., as of 30 Jun 2026. Held through FET, FirstEnergy's 50.1%-owned consolidated subsidiary, so recorded here at FET's own 34% stake per this project's convention for a not-wholly-owned consolidated/equity-method entity. On 25 Nov 2024, FET, DominionHV and Transource formed Valley Link as the holding company for transmission projects PJM awarded in RTEP Open Window #1 (two projects, about $3 billion total, FET's estimated share about $1 billion). Valley Link is NOT consolidated with FET; it is accounted for under the equity method as an unconsolidated VIE. The Q2 2026 10-Q states plainly: 'Investment balances as of June 30, 2026, and earnings during the first half of 2026 related to Valley Link were immaterial.' No dollar carrying value is disclosed, so value_usd is null rather than modelled. source
What this page is not
It is not a complete register. It lists the holders who happen to be inside the researched set and disclosed the stake themselves. A private company can have many other shareholders, and nothing here rules them out: venture investors, founders and employees usually appear in no public filing at all. Percentages are of Valley Link Transmission Company, LLC where a holder stated one, and are missing where no holder did.