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JCP&L STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES [1] $ 4,148 $ 3,729 $ 11,293 $ 10,296
OPERATING EXPENSES:        
Purchased power 1,341 1,086 3,382 2,999
Other operating expenses 976 1,099 3,005 3,275
Provision for depreciation 417 400 1,243 1,178
Amortization (deferral) of regulatory assets, net 89 (33) (20) (205)
General taxes 332 311 973 915
Total operating expenses 3,318 3,002 9,063 8,534
OPERATING INCOME 830 727 2,230 1,762
OTHER INCOME (EXPENSE):        
Miscellaneous income, net 41 53 118 156
Interest expense (312) (276) (899) (866)
Capitalized financing costs 51 35 131 94
Total other expense (220) (167) (674) (637)
INCOME BEFORE INCOME TAXES 610 560 1,556 1,125
INCOME TAXES 78 94 292 294
NET INCOME 532 466 1,264 831
COMPREHENSIVE INCOME 441 419 1,069 720
JERSEY CENTRAL POWER & LIGHT COMPANY        
REVENUES 864 765 2,022 1,788
OPERATING EXPENSES:        
Purchased power 451 384 1,052 898
Other operating expenses [2] 158 179 436 524
Provision for depreciation 66 62 196 185
Amortization (deferral) of regulatory assets, net 11 (25) (25) (98)
General taxes 6 5 18 16
Total operating expenses 692 605 1,677 1,525
OPERATING INCOME 172 160 345 263
OTHER INCOME (EXPENSE):        
Miscellaneous income, net 13 11 36 23
Capitalized financing costs 12 6 31 19
Total other expense (12) (10) (32) (47)
INCOME BEFORE INCOME TAXES 160 150 313 216
INCOME TAXES 41 41 79 58
NET INCOME 119 109 234 158
COMPREHENSIVE INCOME 119 109 234 158
JERSEY CENTRAL POWER & LIGHT COMPANY | Nonrelated Party        
OTHER INCOME (EXPENSE):        
Interest expense (34) (22) (93) (74)
JERSEY CENTRAL POWER & LIGHT COMPANY | Related Party        
REVENUES 0 0 1 1
OPERATING EXPENSES:        
Other operating expenses 27 39 86 96
OTHER INCOME (EXPENSE):        
Interest expense $ (3) $ (5) $ (6) $ (15)
[1] Includes excise and gross receipts tax collections of $126 million and $116 million during the three months ended September 30, 2025 and 2024, respectively, and $349 million and $329 million during the nine months ended September 30, 2025 and 2024, respectively.
[2] Includes affiliated operating expenses of $27 million and $39 million for the three months ended September 30, 2025 and 2024, respectively, and $86 million and $96 million for the nine months ended September 30, 2025 and 2024, respectively.