v3.26.1
COMMITMENTS, GUARANTEES AND CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Potential Amount of Future Payments The maximum potential amount of future payments FET and the FET Subsidiaries could be required to make under these guarantees as of March 31, 2026 was $150 million, as summarized below:
Guarantees and Other AssurancesMaximum Exposure
 (In millions)
Valley Link$102 
Surety bonds(1)
35 
LOCs13 
Total Guarantees and Other Assurances$150 
(1) Surety bonds are not tied to a credit rating, and their impact assumes maximum contractual obligations, which is ordinarily 100% of the face amount of the surety bond except with respect to $1 million of surety bond obligations for which the collateral obligation is capped at 60% of the face amount, and typical obligations require 30 days to cure.