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JCP&L STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES [1] $ 3,380 $ 3,280 $ 7,145 $ 6,567
OPERATING EXPENSES:        
Purchased power 953 877 2,041 1,913
Other operating expenses 995 1,170 2,029 2,176
Provision for depreciation 415 397 826 778
Deferral of regulatory assets, net (99) (8) (109) (172)
General taxes 302 293 641 604
Total operating expenses 2,734 2,857 5,745 5,532
OPERATING INCOME 646 423 1,400 1,035
OTHER INCOME (EXPENSE):        
Miscellaneous income, net 41 59 77 103
Interest expense (299) (285) (587) (590)
Capitalized financing costs 42 29 80 59
Total other expense (240) (260) (454) (470)
INCOME BEFORE INCOME TAXES 406 163 946 565
INCOME TAXES 88 65 214 200
NET INCOME 318 98 732 365
COMPREHENSIVE INCOME 268 48 628 301
JERSEY CENTRAL POWER & LIGHT COMPANY        
REVENUES 592 557 1,158 1,023
OPERATING EXPENSES:        
Purchased power 303 266 601 514
Other operating expenses [2] 133 158 278 345
Provision for depreciation 65 62 130 123
Deferral of regulatory assets, net (14) (34) (36) (73)
General taxes 6 6 12 11
Total operating expenses 493 458 985 920
OPERATING INCOME 99 99 173 103
OTHER INCOME (EXPENSE):        
Miscellaneous income, net 11 1 23 12
Capitalized financing costs 10 6 19 13
Total other expense (11) (21) (20) (37)
INCOME BEFORE INCOME TAXES 88 78 153 66
INCOME TAXES 22 21 38 17
NET INCOME 66 57 115 49
COMPREHENSIVE INCOME 66 57 115 49
JERSEY CENTRAL POWER & LIGHT COMPANY | Nonrelated Party        
OTHER INCOME (EXPENSE):        
Interest expense (30) (22) (59) (52)
JERSEY CENTRAL POWER & LIGHT COMPANY | Related Party        
REVENUES 1 1 1 1
OPERATING EXPENSES:        
Other operating expenses 26 28 59 57
OTHER INCOME (EXPENSE):        
Interest expense $ (2) $ (6) $ (3) $ (10)
[1] Includes excise and gross receipts tax collections of $100 million and $98 million during the three months ended June 30, 2025 and 2024, respectively, and $223 million and $213 million during the six months ended June 30, 2025 and 2024, respectively.
[2] Includes affiliated operating expenses of $26 million and $28 million for the three months ended June 30, 2025 and 2024, respectively, and $59 million and $57 million for the six months ended June 30, 2025 and 2024, respectively.