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COMMITMENTS, GUARANTEES AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of Potential Collateral Obligations

The maximum potential amount of future payments FE and its subsidiaries could be required to make under these guarantees as of September 30, 2025, was approximately $1.1 billion, as summarized below:


Guarantees and Other Assurances	Maximum Exposure
	(In millions)
FE’s Guarantees on Behalf of its Consolidated Subsidiaries
Deferred compensation arrangements	$	397
Vehicle leases	75
McElroy Run transfer	129
Other	14
	615
FE’s Guarantees on Other Assurances
Surety Bonds	158
Deferred compensation arrangements	93
LOCs	185
	436
Total Guarantees and Other Assurances	$	1,051

The maximum potential amount of future payments JCP&L could be required to make under these guarantees as of September 30, 2025, was $46 million as summarized below:


Guarantees and Other Assurances	Maximum Exposure

	(In millions)

















Surety Bonds	$	18


LOCs	28








Total Guarantees and Other Assurances	$	46

The following table discloses the potential additional credit rating contingent contractual collateral obligations as of September 30, 2025:


Potential Collateral Obligations		Electric Companies and Transmission Companies		FE		Total
	(In millions)
Contractual obligations for additional collateral

Upon downgrade		$	90	$	1	$	91

Surety bonds (collateralized amount)(1)		110		153		263
Total Exposure from Contractual Obligations		$	200	$	154	$	354

(1) Surety Bonds are not tied to a credit rating. Surety Bonds’ impact assumes maximum contractual obligations, which is ordinarily 100% of the face amount of the surety bond except with respect to $22 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.

These credit-risk-related contingent features stipulate that if JCP&L were to be downgraded or lose its investment grade credit rating (based on its senior unsecured debt rating), it would be required to provide additional collateral. The following table discloses the potential additional credit rating contingent contractual collateral obligations as of September 30, 2025:


Potential Collateral Obligations	JCP&L
	(In millions)
Contractual obligations for additional collateral

Upon downgrade	$	58

Surety bonds (collateralized amount)(1)	17
Total Exposure from Contractual Obligations	$	75

(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 as of September 30, 2025 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.