v3.25.1
JCP&L BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Receivables -    
Customers $ 1,624 $ 1,585
Less — Allowance for uncollectible customer receivables 50 55
Receivable 1,574 1,530
Prepaid taxes and other 341 240
Total current assets 2,959 2,776
PROPERTY, PLANT AND EQUIPMENT:    
In service 53,543 52,896
Less — Accumulated provision for depreciation 14,774 14,548
Property, plant and equipment in service net of accumulated provision for depreciation 38,769 38,348
Construction work in progress 2,932 2,754
Total property, plant and equipment 41,701 41,102
INVESTMENTS AND OTHER NONCURRENT ASSETS:    
Goodwill 5,618 5,618
Investments 657 652
Regulatory assets 636 617
Other 1,200 1,279
Total investments and other noncurrent assets 8,111 8,166
TOTAL ASSETS 52,771 52,044
CURRENT LIABILITIES:    
Currently payable long-term debt 1,928 977
Short-term borrowings 1,635 550
Accounts payable 1,516 1,575
Accrued compensation and benefits 257 205
Customer deposits 236 233
Accrued taxes 715 727
Accrued interest 280 269
Other 290 216
Total current liabilities 7,114 4,997
NONCURRENT LIABILITIES:    
Long-term debt and other long-term obligations 21,223 22,496
Accumulated deferred income taxes, net 5,740 5,613
Retirement benefits 1,698 1,698
Other 2,136 2,525
Total noncurrent liabilities 31,795 33,327
TOTAL LIABILITIES 38,909 38,324
COMMON STOCKHOLDER'S EQUITY:    
Common stock, $10 par value, authorized 16,000,000 shares - 13,628,447 shares outstanding 58 58
Other paid-in capital 12,377 12,368
Accumulated other comprehensive loss (14) (14)
Retained earnings 146 43
Total common stockholders’ equity 12,567 12,455
COMMITMENTS, GUARANTEES AND CONTINGENCIES (NOTE 10)
TOTAL LIABILITIES AND EQUITY 52,771 52,044
JERSEY CENTRAL POWER & LIGHT COMPANY    
Receivables -    
Customers 262 284
Less — Allowance for uncollectible customer receivables 5 6
Receivable 257 278
Prepaid taxes and other 31 29
Total current assets 337 379
PROPERTY, PLANT AND EQUIPMENT:    
In service 8,807 8,697
Less — Accumulated provision for depreciation 2,415 2,409
Property, plant and equipment in service net of accumulated provision for depreciation 6,392 6,288
Construction work in progress 661 620
Total property, plant and equipment 7,053 6,908
INVESTMENTS AND OTHER NONCURRENT ASSETS:    
Goodwill 1,811 1,811
Investments 283 282
Regulatory assets 292 265
Prepaid OPEB costs 219 215
Other 78 67
Total investments and other noncurrent assets 2,683 2,640
TOTAL ASSETS 10,073 9,927
CURRENT LIABILITIES:    
Currently payable long-term debt 651 1
Short-term borrowings 76 22
Accrued compensation and benefits 30 33
Customer deposits 34 34
Accrued taxes 14 21
Accrued interest 30 23
Other 59 34
Total current liabilities 1,094 345
NONCURRENT LIABILITIES:    
Long-term debt and other long-term obligations 1,687 2,339
Accumulated deferred income taxes, net 1,223 1,196
Nuclear fuel disposal costs 237 235
Retirement benefits 69 71
Other 765 764
Total noncurrent liabilities 3,981 4,605
TOTAL LIABILITIES 5,075 4,950
COMMON STOCKHOLDER'S EQUITY:    
Common stock, $10 par value, authorized 16,000,000 shares - 13,628,447 shares outstanding 136 136
Other paid-in capital 3,525 3,523
Accumulated other comprehensive loss (4) (4)
Retained earnings 1,341 1,322
Total common stockholders’ equity 4,998 4,977
COMMITMENTS, GUARANTEES AND CONTINGENCIES (NOTE 10)
TOTAL LIABILITIES AND EQUITY 10,073 9,927
JERSEY CENTRAL POWER & LIGHT COMPANY | Related Party    
Receivables -    
Receivable 8 44
CURRENT LIABILITIES:    
Accounts payable 18 1
JERSEY CENTRAL POWER & LIGHT COMPANY | Nonrelated Party    
Receivables -    
Receivable 41 28
CURRENT LIABILITIES:    
Accounts payable 182 176
Customer    
Receivables -    
Customers 1,624 1,585
Less — Allowance for uncollectible customer receivables 50 55
Receivable 1,574 1,530
Customer | JERSEY CENTRAL POWER & LIGHT COMPANY    
Receivables -    
Customers 262 284
Less — Allowance for uncollectible customer receivables 5 6
Receivable $ 257 $ 278