v3.26.1
REVENUE
 6 Months Ended
Jun. 30, 2026
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 and six months ended June 30, 2026, and 2025:
Three Months Ended June 30, Six Months Ended June 30,
2026202520262025
(In millions)
 Distribution
Retail generation and distribution services:
Residential $1,138 $1,043 $2,535 $2,352 
Commercial 370 409 772 824 
Industrial(1)
166 180 313 351 
Wholesale 5 3 9 4 
Other revenue from contracts with customers18 2036 37
Total revenues from contracts with customers1,697 1,655 3,665 3,568 
Other revenue unrelated to contracts with customers17 2039 43
Total Distribution$1,714 $1,675 $3,704 $3,611 
Integrated
Retail generation and distribution services:
Residential$637 $598 $1,432 $1,306 
Commercial317 307 657 625 
Industrial(1)
159 161 322 321 
Wholesale125 78 237 125 
Transmission 149 111268 211
Other revenue from contracts with customers2 4 2 5 
Total revenues from contracts with customers1,389 1,259 2,918 2,593 
ARP(2)
— — 13 — 
Other revenue unrelated to contracts with customers(3)
45 2206 17
Total Integrated $1,434 $1,261 $3,137 $2,610 
Stand-Alone Transmission
ATSI $295 $256 $577 $518 
TrAIL 63 61 128 131 
MAIT 149 113 287 244 
KATCo30 21 54 44 
Total revenues from contracts with customers537 451 1,046 937 
Other revenue unrelated to contracts with customers7 5 14 10 
Total Stand-Alone Transmission $544 $456 $1,060 $947 
Corporate/Other, Eliminations and Reconciling Adjustments(4)
Wholesale$4 $4 $14 $8 
Eliminations and reconciling adjustments (18)(16)(35)(31)
Total Corporate/Other, Eliminations and Reconciling Adjustments$(14)$(12)$(21)$(23)
FirstEnergy Total Revenues $3,678 $3,380 $7,880 $7,145 
(1) Includes street lighting.
(2) Related to lost distribution revenues associated with energy efficiency in New Jersey.
(3) Includes revenues from FTRs. Due to the ENEC, FTRs have no material impact to earnings.
(4) 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 and six months ended June 30, 2026, and 2025:
Three Months Ended June 30, Six Months Ended June 30,
2026202520262025
(In millions)
Retail generation and distribution services:
Residential $378 $341 $759 $657 
Commercial 164 161 334 322 
Industrial(1)
22 22 47 45 
Wholesale — — 2 1 
Transmission 91 63 162 124 
Other revenue from contracts with customers3 4 6 7 
Total revenues from contracts with customers658 591 1,310 1,156 
ARP(2)
— — 13 — 
Other revenue unrelated to contracts with customers1 1 2 2 
JCP&L Total Revenues $659 $592 $1,325 $1,158 
(1) Includes street lighting.
(2) Related to lost distribution revenues associated with energy efficiency in New Jersey.
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 June 30, 2026, and December 31, 2025, are included below:

Customer Receivables - FirstEnergy June 30, 2026December 31, 2025
 (In millions)
Billed$930 $939 
Unbilled785 844 
1,715 1,783 
Less: Uncollectible Reserve 48 57 
Total FirstEnergy Customer Receivables $1,667 $1,726 

Customer Receivables - JCP&L June 30, 2026December 31, 2025
 (In millions)
Billed$207 $178 
Unbilled164 152 
371 330 
Less: Uncollectible Reserve 5 6 
Total JCP&L Customer Receivables $366 $324 
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 the 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 can 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 six months ended June 30, 2026, and for the year ended December 31, 2025, are as follows:
FirstEnergy JCP&L
(In millions)
Balance, January 1, 2025
$55 $6 
Provision for expected credit losses(1)(2)
94 8 
Charged to other accounts(3)
37 3 
Write-offs(129)(11)
Balance, December 31, 2025
$57 $6 
Provision for expected credit losses(1)(2)
41 2 
Charged to other accounts(3)
24 3 
Write-offs(74)(6)
Balance, June 30, 2026
$48 $5 
(1) Approximately $11 million and $31 million of which was deferred for future recovery for FirstEnergy in the six months ended June 30, 2026, and the year ended December 31, 2025, respectively.
(2) Approximately $2 million and $8 million of which was deferred for future recovery for JCP&L in the six months ended June 30, 2026, and the year ended December 31, 2025, respectively.
(3) Represents recoveries and reinstatements of accounts written off for uncollectible accounts.