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REVENUE (Tables)

6 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following represents a disaggregation of FirstEnergy’s revenue from contracts with customers for the three and six months ended June 30, 2025 and 2024:

						Three Months Ended June 30,												Six Months Ended June 30,
						2025						2024						2025						2024
						(In millions)
Distribution
Retail generation and distribution services:
Residential						$	1,043					$	1,054					$	2,352					$	2,238
Commercial						409						384						824						758
Industrial						162						153						314						299
Other						18						18						37						38
Wholesale						3						1						4						2
Other revenue from contracts with customers						20						19						37						40
Total revenues from contracts with customers						1,655						1,629						3,568						3,375
Other revenue unrelated to contracts with customers						20						19						43						40
Total Distribution						$	1,675					$	1,648					$	3,611					$	3,415
Integrated
Retail generation and distribution services:
Residential						$	598					$	578					$	1,306					$	1,152
Commercial						307						276						625						528
Industrial						152						147						303						285
Other						9						7						18						14
Wholesale						78						38						125						68
Transmission						111						116						211						197
Other revenue from contracts with customers						4						8						5						13
Total revenues from contracts with customers						1,259						1,170						2,593						2,257
Other revenue unrelated to contracts with customers						2						8						17						16
Total Integrated						$	1,261					$	1,178					$	2,610					$	2,273
Stand-Alone Transmission
ATSI						$	256					$	261					$	518					$	504
TrAIL						61						71						131						138
MAIT						113						110						244						214
KATCo						21						23						44						43
Other						—						(2)						—						(2)
Total revenues from contracts with customers						451						463						937						897
Other revenue unrelated to contracts with customers						5						5						10						9
Total Stand-Alone Transmission						$	456					$	468					$	947					$	906
Corporate/Other, Eliminations and Reconciling Adjustments (1)
Wholesale						$	4					$	1					$	8					$	4
Eliminations and reconciling adjustments						(16)						(15)						(31)						(31)
Total Corporate/Other, Eliminations and Reconciling Adjustments						$	(12)					$	(14)					$	(23)					$	(27)
FirstEnergy Total Revenues						$	3,380					$	3,280					$	7,145					$	6,567

(1) Includes eliminations and reconciling adjustments of inter-segment revenues.

The following table represents a disaggregation of JCP&L’s revenue from contracts with customers for the three and six months ended June 30, 2025 and 2024:

			Three Months Ended June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
			(In millions)
Distribution
Retail generation and distribution services:
Residential			$	369					$	349					$	712					$	635
Commercial			175						153						350						290
Industrial			18						17						38						34
Other			6						5						11						9
Wholesale			—						—						1						2
Other revenue from contracts with customers			4						4						7						9
Total revenues from contracts with customers			572						528						1,119						979
Other revenue unrelated to contracts with customers			1						1						2						2
Total Distribution Segment Revenue			$	573					$	529					$	1,121					$	981
Transmission
Total Transmission Segment Revenue			$	63					$	66					$	124					$	118
Reconciling Adjustments(1)
Retail generation and distribution services			$	(44)					$	(38)					$	(87)					$	(76)
JCP&L Total Revenues			$	592					$	557					$	1,158					$	1,023

(1) Includes eliminations and reconciling adjustments of inter-segment revenues.

Schedule of Receivables from Customers

Billed and unbilled customer receivables as of June 30, 2025, and December 31, 2024, are included below:

Customer Receivables - FirstEnergy						June 30, 2025						December 31, 2024
						(In millions)
Billed						$	848					$	867
Unbilled						799						718
						1,647						1,585
Less: Uncollectible Reserve						50						55
Total FirstEnergy Customer Receivables						$	1,597					$	1,530

Customer Receivables - JCP&L						June 30, 2025						December 31, 2024
						(In millions)
Billed						$	161					$	166
Unbilled						171						118
						332						284
Less: Uncollectible Reserve						5						6
Total JCP&L Customer Receivables						$	327					$	278

Schedule of Activity in the Allowance for Uncollectible Accounts on Customer Receivables

Activity in the allowance for uncollectible accounts on customer receivables for the six months ended June 30, 2025, and for the year ended December 31, 2024 are as follows:

						FirstEnergy						JCP&L
						(In millions)
Balance, January 1, 2024						$	64					$	9
Provision for expected credit losses(1)(2)						73						5
Charged to other accounts(3)						39						4
Write-offs						(121)						(12)
Balance, December 31, 2024						$	55					$	6
Provision for expected credit losses(1)(2)						44						2
Charged to other accounts(3)						18						2
Write-offs						(67)						(5)
Balance, June 30, 2025						$	50					$	5

(1) Approximately $15 million and $17 million of which was deferred for future recovery for FirstEnergy in the six months ended June 30, 2025, and the year ended December 31, 2024, respectively.

(2) Approximately $2 million and $5 million of which was deferred for future recovery for JCP&L in the six months ended June 30, 2025, and the year ended December 31, 2024, respectively.

(3) Represents recoveries and reinstatements of accounts written off for uncollectible accounts.

X

- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
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