v3.25.1
SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 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
DistributionIntegratedStand-Alone TransmissionTotal Reportable
Segments		Corporate/ OtherReconciling AdjustmentsFirstEnergy Consolidated
(In millions)
March 31, 2025
External revenues$1,927 $1,348 $486 $3,761 $4 $— $3,765 
Internal revenues9 1 5 15 — (15)— 
Total revenues$1,936 $1,349 $491 $3,776 $4 $(15)$3,765 
Other operating expenses(1)
627 337 98 1,062 (25)(3)1,034 
Depreciation(1)
162 138 91 391 20 — 411 
Amortization (deferral) of regulatory assets, net(19)8 1 (10)— — (10)
Interest expense(1)
99 65 73 237 79 (28)288 
Income taxes (benefits)(1)
60 40 40 140 (14)— 126 
Other expense (income) items(2)
789 625 107 1,521 7 28 1,556 
Earnings attributable to FE218 136 81 435 (75)— 360 
Cash Flows from Investing Activities:
Capital investments$265 $395 $314 $974 $31 $— $1,005 
March 31, 2024
External revenues$1,756 $1,094 $434 $3,284 $3 $— $3,287 
Internal revenues11 1 4 16 — (16)— 
Total revenues$1,767 $1,095 $438 $3,300 $3 $(16)$3,287 
Other operating expenses(1)
587 354 76 1,017 (8)(3)1,006 
Depreciation(1)
161 122 81 364 17 — 381 
Amortization (deferral) of regulatory assets, net(88)(78)2 (164)— — (164)
Equity method investment earnings, net— — — — 21 — 21 
Interest expense(1)
116 71 65 252 117 (64)305 
Income taxes (benefits)(1)
41 35 60 136 (1)— 135 
Other expense (income) items(2)
785 509 70 1,364 (36)64 1,392 
Earnings attributable to FE165 82 84 331 (78)— 253 
Cash Flows from Investing Activities:
Capital investments$215 $313 $258 $786 $4 $— $790 
As of March 31, 2025
Total assets$20,372 $18,812 $13,665 $52,849 $1,837 $(1,915)$52,771 
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, 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
DistributionTransmissionTotal Reportable
Segments		Reconciling AdjustmentsJCP&L
(In millions)
March 31, 2025
External revenues$505 $61 $566 $— $566 
Internal revenues43 — 43 (43)— 
Total revenues$548 $61 $609 $(43)$566 
Other operating expenses(1)
174 14 188 (43)145 
Depreciation(1)
53 12 65 — 65 
Deferral of regulatory assets, net(22)— (22)— (22)
Interest expense - other(1)
22 7 29 — 29 
Interest expense - affiliates(1)
1 — 1 — 1 
Income taxes7 9 16 — 16 
Other expense (income) items(2)
289 (6)283 — 283 
Net Income24 25 49 — 49 
Cash Flows from Investing Activities:
Capital investments$74 $132 $206 $— $206 
March 31, 2024
External revenues$414 $52 $466 $— $466 
Internal revenues38 — 38 (38)— 
Total revenues$452 $52 $504 $(38)$466 
Other operating expenses(1)
211 14 225 (38)187 
Depreciation(1)
50 11 61 — 61 
Deferral of regulatory assets, net(39)— (39)— (39)
Interest expense - other(1)
23 7 30 — 30 
Interest expense - affiliates(1)
4 — 4 — 4 
Income taxes (benefits)(11)7 (4)— (4)
Other expense (income) items(2)
240 (5)235 — 235 
Net Income (Loss)(26)18 (8)— (8)
Cash Flows from Investing Activities:
Capital investments$71 $123 $194 $— $194 
As of March 31, 2025
Total assets$7,271 $2,802 $10,073 $— $10,073 
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, Interest income from affiliates, and Capitalized financing costs.