v3.25.1
JCP&L STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES [1] $ 3,765 $ 3,287
OPERATING EXPENSES:    
Purchased power 1,088 1,036
Other operating expenses 1,034 1,006
Provision for depreciation 411 381
Deferral of regulatory assets, net (10) (164)
General taxes 339 311
Total operating expenses 3,011 2,675
OPERATING INCOME 754 612
OTHER INCOME (EXPENSE):    
Miscellaneous income, net 36 44
Interest expense (288) (305)
Capitalized financing costs 38 30
Total other expense (214) (210)
INCOME BEFORE INCOME TAXES 540 402
INCOME TAXES (BENEFITS) 126 135
NET INCOME 414 267
COMPREHENSIVE INCOME (LOSS) 360 253
JERSEY CENTRAL POWER & LIGHT COMPANY    
REVENUES 566 466
OPERATING EXPENSES:    
Purchased power 298 248
Other operating expenses [2] 145 187
Provision for depreciation 65 61
Deferral of regulatory assets, net (22) (39)
General taxes 6 5
Total operating expenses 492 462
OPERATING INCOME 74 4
OTHER INCOME (EXPENSE):    
Miscellaneous income, net 12 11
Capitalized financing costs 9 7
Total other expense (9) (16)
INCOME BEFORE INCOME TAXES 65 (12)
INCOME TAXES (BENEFITS) 16 (4)
NET INCOME 49 (8)
COMPREHENSIVE INCOME (LOSS) 49 (8)
JERSEY CENTRAL POWER & LIGHT COMPANY | Nonrelated Party    
OTHER INCOME (EXPENSE):    
Interest expense (29) (30)
JERSEY CENTRAL POWER & LIGHT COMPANY | Related Party    
REVENUES 0 0
OPERATING EXPENSES:    
Other operating expenses 54 46
OTHER INCOME (EXPENSE):    
Interest expense $ (1) $ (4)
[1] Includes excise and gross receipts tax collections of $123 million and $115 million during the three months ended March 31, 2025 and 2024, respectively.
[2] During the three months ended March 31, 2025 and 2024, $54 million and $46 million, respectively, of affiliated operating expenses were incurred, a portion of which is capitalized.