v3.26.1
JCP&L BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Restricted cash $ 128 $ 42
Receivables -    
Customers 1,715 1,783
Less — Allowance for uncollectible customer receivables 48 57
Receivables 1,667 1,726
Prepaid taxes and other 445 282
Total current assets 3,205 2,979
PROPERTY, PLANT AND EQUIPMENT:    
In service 57,968 56,213
Less — Accumulated provision for depreciation 15,606 15,189
Property, plant and equipment in service net of accumulated provision for depreciation 42,362 41,024
Construction work in progress 3,925 3,389
Total property, plant and equipment 46,287 44,413
INVESTMENTS AND OTHER NONCURRENT ASSETS:    
Goodwill 5,618 5,618
Investments 635 641
Regulatory assets 1,357 829
Other 1,119 1,424
Total investments and other noncurrent assets 8,729 8,512
TOTAL ASSETS [1] 58,221 55,904
CURRENT LIABILITIES:    
Currently payable long-term debt 505 723
Short-term borrowings 1,376 325
Accounts payable 2,122 2,002
Accrued compensation and benefits 256 286
Customer deposits 256 250
Accrued taxes 738 768
Accrued interest 388 373
Other 287 287
Total current liabilities 5,928 5,271
NONCURRENT LIABILITIES:    
Long-term debt and other long-term obligations 27,102 25,508
Accumulated deferred income taxes, net 6,314 6,032
Retirement benefits 1,464 1,469
Other 2,096 2,513
Total noncurrent liabilities 37,867 36,707
TOTAL LIABILITIES [1] 43,795 41,978
COMMON STOCKHOLDER'S EQUITY:    
Common stock, $10 par value, authorized 16,000,000 shares - 13,628,447 shares outstanding as of June 30, 2026, and December 31, 2025. 58 58
Other paid-in capital 12,432 12,431
Accumulated other comprehensive loss (14) (14)
Retained earnings 459 35
Total common stockholders’ equity 12,935 12,510
COMMITMENTS, GUARANTEES AND CONTINGENCIES (NOTE 10.)
TOTAL LIABILITIES AND EQUITY 58,221 55,904
Customer    
Receivables -    
Customers 1,715 1,783
Less — Allowance for uncollectible customer receivables 48 57
Receivables 1,667 1,726
JCP&L    
CURRENT ASSETS:    
Restricted cash 79 0
Receivables -    
Customers 371 330
Less — Allowance for uncollectible customer receivables 5 6
Receivables 366 324
Prepaid taxes and other 111 33
Total current assets 627 404
PROPERTY, PLANT AND EQUIPMENT:    
In service 9,605 9,267
Less — Accumulated provision for depreciation 2,471 2,439
Property, plant and equipment in service net of accumulated provision for depreciation 7,134 6,828
Construction work in progress 1,001 880
Total property, plant and equipment 8,135 7,708
INVESTMENTS AND OTHER NONCURRENT ASSETS:    
Goodwill 1,811 1,811
Investments 299 297
Regulatory assets 722 515
Prepaid OPEB costs 252 243
Other 129 131
Total investments and other noncurrent assets 3,213 2,997
TOTAL ASSETS 11,975 11,109
CURRENT LIABILITIES:    
Currently payable long-term debt 2 2
Short-term borrowings 397 93
Accrued compensation and benefits 30 34
Customer deposits 35 35
Accrued taxes 2 11
Accrued interest 55 44
Other 17 41
Total current liabilities 834 538
NONCURRENT LIABILITIES:    
Long-term debt and other long-term obligations 3,372 3,023
Accumulated deferred income taxes, net 1,432 1,348
Nuclear fuel disposal costs 250 245
Retirement benefits 28 32
Other 750 763
Total noncurrent liabilities 5,832 5,411
TOTAL LIABILITIES 6,666 5,949
COMMON STOCKHOLDER'S EQUITY:    
Common stock, $10 par value, authorized 16,000,000 shares - 13,628,447 shares outstanding as of June 30, 2026, and December 31, 2025. 136 136
Other paid-in capital 3,534 3,530
Accumulated other comprehensive loss (4) (4)
Retained earnings 1,643 1,498
Total common stockholders’ equity 5,309 5,160
COMMITMENTS, GUARANTEES AND CONTINGENCIES (NOTE 10.)
TOTAL LIABILITIES AND EQUITY 11,975 11,109
JCP&L | Related Party    
Receivables -    
Receivables 46 22
CURRENT LIABILITIES:    
Accounts payable 107 103
JCP&L | Nonrelated Party    
Receivables -    
Receivables 25 25
CURRENT LIABILITIES:    
Accounts payable 189 175
JCP&L | Customer    
Receivables -    
Customers 371 330
Less — Allowance for uncollectible customer receivables 5 6
Receivables $ 366 $ 324
[1] As of June 30, 2026, and December 31, 2025, the combined assets of the VIEs were $13,796 million and $13,270 million, respectively, that can only be used to settle obligations of the VIEs. As of June 30, 2026, and December 31, 2025, respectively, these assets include: Cash and cash equivalents of $10 million and $8 million, Restricted cash of $41 million and $40 million, Accounts receivable of $92 million and $92 million, Materials and supplies, at average cost of $1 million and $1 million, Prepaid taxes and other current assets of $20 million and $41 million, Property, plant, and equipment of $13,081 million and $12,475 million, Goodwill of $224 million and $224 million, Investments of $2
million and $19 million, Regulatory assets of $141 million and $22 million, and Other noncurrent assets of $184 million and $348 million. The consolidated liabilities as of June 30, 2026, and December 31, 2025, include $10,333 million and $9,933 million, respectively, of liabilities of VIEs whose creditors have no recourse to FE. As of June 30, 2026, and December 31, 2025, respectively, these liabilities include: Currently payable long-term debt of $52 million and $126 million, Short-term borrowings of $275 million and $245 million, Accrued interest of $112 million and $108 million, Accrued taxes of $327 million and $335 million, Other current liabilities of $6 million and $9 million, Long-term debt and other long-term obligations of $7,291 million and $6,893 million, Accumulated deferred income taxes of $1,623 million and $1,540 million, Regulatory liabilities of $478 million and $346 million, and Other noncurrent liabilities of $169 million and $331 million.