v3.25.1
REVENUE
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
The disclosures in this note apply to both Registrants, unless indicated otherwise.

The following represents a disaggregation of FirstEnergy’s revenue from contracts with customers for the three months ended March 31, 2025 and 2024:
Three Months Ended March 31
20252024
(In millions)
 Distribution
Retail generation and distribution services:
Residential $1,309 $1,184 
Commercial 415 374 
Industrial 152 146 
Other 19 20 
Wholesale 1 1 
Other revenue from contracts with customers17 21
Total revenues from contracts with customers1,913 1,746 
Other revenue unrelated to contracts with customers23 21
Total Distribution$1,936 $1,767 
Integrated
Retail generation and distribution services:
Residential$708 $574 
Commercial318 252 
Industrial151 138 
Other9 7 
Wholesale47 30 
Transmission 100 81
Other revenue from contracts with customers1 5 
Total revenues from contracts with customers1,334 1,087 
Other revenue unrelated to contracts with customers15 8
Total Integrated $1,349 $1,095 
Stand-Alone Transmission
ATSI $262 $243 
TrAIL 70 67 
MAIT 131 104 
KATCo23 20 
Total revenues from contracts with customers486 434 
Other revenue unrelated to contracts with customers5 4 
Total Stand-Alone Transmission $491 $438 
Corporate/Other, Eliminations and Reconciling Adjustments (1)
Wholesale$4 $3 
Eliminations and reconciling adjustments (15)(16)
Total Corporate/Other, Eliminations and Reconciling Adjustments$(11)$(13)
FirstEnergy Total Revenues $3,765 $3,287 
(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 months ended March 31, 2025 and 2024:
Three Months Ended March 31
20252024
(In millions)
 Distribution
Retail generation and distribution services:
Residential $343 $286 
Commercial 175 137 
Industrial 20 17 
Street lighting
5 4 
Wholesale 1 2 
Other revenue from contracts with customers3 5 
Total revenues from contracts with customers547 451 
Other revenue unrelated to contracts with customers1 1 
Total Distribution Segment Revenue $548 $452 
Transmission
Total Transmission Segment Revenue $61 $52 
 Reconciling Adjustments(1)
Retail generation and distribution services$(43)$(38)
JCP&L Total Revenues $566 $466 
(1) Includes eliminations and reconciling adjustments of inter-segment revenues.
Customer Receivables

Receivables from contracts with customers include distribution services and retail generation sales to residential, commercial and industrial customers. Billed and unbilled customer receivables as of March 31, 2025, and December 31, 2024, are included below:


Customer Receivables - FirstEnergy March 31, 2025December 31, 2024
 (In millions)
Billed$1,024 $867 
Unbilled600 718 
1,624 1,585 
Less: Uncollectible Reserve 50 55 
Total FirstEnergy Customer Receivables $1,574 $1,530 

Customer Receivables - JCP&L March 31, 2025December 31, 2024
 (In millions)
Billed$163 $166 
Unbilled99 118 
262 284 
Less: Uncollectible Reserve 5 6 
Total JCP&L Customer Receivables $257 $278 
The allowance for uncollectible customer receivables is based on historical loss information comprised of a rolling 36-month average net write-off percentage of revenues, in conjunction with a qualitative assessment of elements that impact the collectability of receivables to determine if allowances for uncollectible customer receivables should be further adjusted in accordance with the accounting guidance for credit losses.
The Registrants’ review allowance for uncollectible customer receivables utilizing a quantitative and qualitative assessment. Management contemplates available current information such as changes in economic factors, regulatory matters, industry trends, customer credit factors, amount of receivable balances that are past-due, payment options and programs available to customers, and the methods that the Electric Companies are able to utilize to ensure payment. The Registrants’ uncollectible risk on PJM receivables, resulting from transmission and wholesale sales, is minimal due to the nature of PJM’s settlement process and as a result there is no current allowance for doubtful accounts.

Activity in the allowance for uncollectible accounts on customer receivables for the three months ended March 31, 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)
24 1 
Charged to other accounts(3)
9 1 
Write-offs(38)(3)
Balance, March 31, 2025
$50 $5 
(1) Approximately $6 million and $17 million of which was deferred for future recovery for FirstEnergy in the three months ended March 31, 2025, and the year ended December 31, 2024, respectively.
(2) Approximately $1 million and $5 million of which was deferred for future recovery for JCP&L in the three months ended March 31, 2025, and the year ended December 31, 2024, respectively.
(3) Represents recoveries and reinstatements of accounts written off for uncollectible accounts.