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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Financial Information

Financial information for FirstEnergy’s reportable segments and reconciliations to consolidated amounts is presented below:

For the Three Months Ended						Distribution						Integrated						Stand-Alone Transmission						Total Reportable Segments						Corporate/ Other						Reconciling Adjustments						FirstEnergy Consolidated
						(In millions)
September 30, 2025
External revenues						$	2,010					$	1,651					$	483					$	4,144					$	4					$	—					$	4,148
Internal revenues						10						2						5						17						—						(17)						—
Total revenues						$	2,020					$	1,653					$	488					$	4,161					$	4					$	(17)					$	4,148
Other operating expenses(1)						570						337						75						982						(3)						(3)						976
Depreciation(1)						165						141						92						398						19						—						417
Amortization of regulatory assets, net						46						42						1						89						—						—						89
Equity method investment earnings						—						—						—						—						—						—						—
Interest expense(1)						101						75						83						259						85						(32)						312
Income taxes (benefits)(1)						48						60						(21)						87						(9)						—						78
Other expense (income) items(2)						860						815						136						1,811						(8)						32						1,835
Earnings (losses) attributable to FE						230						183						122						535						(94)						—						441
Cash Flows from Investing Activities:
Capital investments						$	416					$	508					$	412					$	1,336					$	(20)					$	—					$	1,316
September 30, 2024
External revenues						$	1,806					$	1,451					$	470					$	3,727					$	2					$	—					$	3,729
Internal revenues						11						1						5						17						—						(17)						—
Total revenues						$	1,817					$	1,452					$	475					$	3,744					$	2					$	(17)					$	3,729
Other operating expenses(1)						644						349						113						1,106						(4)						(3)						1,099
Depreciation(1)						163						132						84						379						21						—						400
Amortization (deferral) of regulatory assets, net						(55)						20						2						(33)						—						—						(33)
Equity method investment earnings, net						—						—						—						—						21						—						21
Interest expense(1)						106						62						70						238						80						(42)						276
Income taxes (benefits)(1)						34						36						40						110						(16)						—						94
Other expense (income) items(2)						732						656						94						1,482						(29)						42						1,495
Earnings (losses) attributable to FE						193						197						72						462						(43)						—						419
Cash Flows from Investing Activities:
Capital investments						$	289					$	382					$	299					$	970					$	34					$	—					$	1,004
For the Nine Months Ended
September 30, 2025
External revenues						$	5,602					$	4,259					$	1,420					$	11,281					$	12					$	—					$	11,293
Internal revenues						29						4						15						48						—						(48)						—
Total revenues						$	5,631					$	4,263					$	1,435					$	11,329					$	12					$	(48)					$	11,293
Other operating expenses(1)						1,831						980						247						3,058						(45)						(8)						3,005
Depreciation(1)						490						418						275						1,183						60						—						1,243
Amortization (deferral) of regulatory assets, net						(71)						47						4						(20)						—						—						(20)
Equity method investment earnings						—						—						—						—						—						—						—
Interest expense(1)						301						208						237						746						253						(100)						899
Income taxes (benefits)(1)						151						135						55						341						(49)						—						292
Other expense (income) items(2)						2,320						2,040						339						4,699						6						100						4,805
Earnings (losses) attributable to FE						609						435						278						1,322						(253)						—						1,069
Cash Flows from Investing Activities:
Capital investments						$	976					$	1,336					$	1,161					$	3,473					$	66					$	—					$	3,539

						Distribution						Integrated						Stand-Alone Transmission						Total Reportable Segments						Corporate/ Other						Reconciling Adjustments						FirstEnergy Consolidated
September 30, 2024
External revenues						$	5,202					$	3,721					$	1,367					$	10,290					$	6					$	—					$	10,296
Internal revenues						30						4						14						48						—						(48)						—
Total revenues						$	5,232					$	3,725					$	1,381					$	10,338					$	6					$	(48)					$	10,296
Other operating expenses(1)						1,871						1,041						280						3,192						91						(8)						3,275
Depreciation(1)						486						386						249						1,121						57						—						1,178
Amortization (deferral) of regulatory assets, net						(152)						(58)						5						(205)						—						—						(205)
Equity method investment earnings						—						—						—						—						64						—						64
Interest expense(1)						331						198						201						730						281						(145)						866
Income taxes (benefits)(1)						96						107						141						344						(50)						—						294
Other expense (income) items(2)						2,174						1,664						268						4,106						(16)						145						4,235
Earnings (losses) attributable to FE						426						387						237						1,050						(333)						—						717
Cash Flows from Investing Activities:
Capital investments						$	758					$	1,045					$	875					$	2,678					$	58					$	—					$	2,736
As of September 30, 2025
Total assets						$	20,487					$	20,603					$	14,543					$	55,633					$	2,238					$	(1,987)					$	55,884
Total goodwill						$	3,222					$	1,953					$	443					$	5,618					$	—					$	—					$	5,618
As of December 31, 2024
Total assets						$	19,949					$	18,637					$	13,528					$	52,114					$	1,975					$	(2,045)					$	52,044
Total goodwill						$	3,222					$	1,953					$	443					$	5,618					$	—					$	—					$	5,618

(1) FirstEnergy considers this line to be a significant expense.

(2) Consists of Fuel, Purchased power, General taxes, Debt redemption costs, Miscellaneous income, net, Capitalized financing costs, and Income attributable to noncontrolling interest.

Financial information for JCP&L’s reportable segments and reconciliations are presented below:

For the Three Months Ended						Distribution						Transmission						Total Reportable Segments												Reconciling Adjustments						JCP&L
						(In millions)
September 30, 2025
External revenues						$	797					$	67					$	864											$	—					$	864
Internal revenues						44						—						44												(44)						—
Total revenues						$	841					$	67					$	908											$	(44)					$	864
Other operating expenses(1)						185						17						202												(44)						158
Depreciation(1)						53						13						66												—						66
Deferral of regulatory assets, net						11						—						11												—						11
Interest expense - other(1)						25						9						34												—						34
Interest expense - affiliates(1)						3						—						3												—						3
Income taxes						32						9						41												—						41
Other expense (income) items(2)						439						(7)						432												—						432
Net Income						93						26						119												—						119
Cash Flows from Investing Activities:
Capital investments						$	136					$	169					$	305											$	—					$	305

September 30, 2024
External revenues						$	708					$	57					$	765											$	—					$	765
Internal revenues						39						—						39												(39)						—
Total revenues						$	747					$	57					$	804											$	(39)					$	765
Other operating expenses(1)						203						15						218												(39)						179
Depreciation(1)						50						12						62												—						62
Deferral of regulatory assets, net						(25)						—						(25)												—						(25)
Interest expense - other(1)						17						5						22												—						22
Interest expense - affiliates(1)						5						—						5												—						5
Income taxes						33						8						41												—						41
Other expense (income) items(2)						376						(4)						372												—						372
Net Income						88						21						109												—						109
Cash Flows from Investing Activities:
Capital investments						$	91					$	121					$	212											$	—					$	212

For the Nine Months Ended						Distribution						Transmission						Total Reportable Segments												Reconciling Adjustments						JCP&L
						(In millions)
September 30, 2025
External revenues						$	1,831					$	191					$	2,022											$	—					$	2,022
Internal revenues						131						—						131												(131)						—
Total revenues						$	1,962					$	191					$	2,153											$	(131)					$	2,022
Other operating expenses(1)						525						42						567												(131)						436
Depreciation(1)						159						37						196												—						196
Deferral of regulatory assets, net						(25)						—						(25)												—						(25)
Interest expense - other(1)						69						24						93												—						93
Interest expense - affiliates(1)						6						—						6												—						6
Income taxes						54						25						79												—						79
Other expense (income) items(2)						1,022						(19)						1,003												—						1,003
Net Income						152						82						234												—						234
Cash Flows from Investing Activities:
Capital investments						$	332					$	450					$	782											$	—					$	782

September 30, 2024
External revenues						$	1,613					$	175					$	1,788											$	—					$	1,788
Internal revenues						115						—						115												(115)						—
Total revenues						$	1,728					$	175					$	1,903											$	(115)					$	1,788
Other operating expenses(1)						593						46						639												(115)						524
Depreciation(1)						151						34						185												—						185
Deferral of regulatory assets, net						(98)						—						(98)												—						(98)
Interest expense - other(1)						57						17						74												—						74
Interest expense - affiliates(1)						15						—						15												—						15
Income taxes						36						22						58												—						58
Other expense (income) items(2)						875						(3)						872												—						872
Net Income						99						59						158												—						158
Cash Flows from Investing Activities:
Capital investments						$	237					$	362					$	599											$	—					$	599

As of September 30, 2025
Total assets						$	8,241					$	3,249					$	11,490											$	—					$	11,490
Total goodwill						$	1,213					$	598					$	1,811											$	—					$	1,811
As of December 31, 2024
Total assets						$	7,212					$	2,715					$	9,927											$	—					$	9,927
Total goodwill						$	1,213					$	598					$	1,811											$	—					$	1,811

(1) JCP&L considers this line to be a significant expense.

(2) Consists of Purchased power, General taxes, Miscellaneous income, net, and Capitalized financing costs.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

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