v3.26.1
JCP&L STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES [1] $ 3,678 $ 3,380 $ 7,880 $ 7,145
OPERATING EXPENSES:        
Purchased power 1,157 953 2,586 2,041
Other operating expenses 1,165 995 2,625 2,029
Provision for depreciation 424 415 845 826
Deferral of regulatory assets, net (225) (99) (682) (109)
General taxes 324 302 684 641
Total operating expenses 3,001 2,734 6,375 5,745
OPERATING INCOME 677 646 1,505 1,400
OTHER INCOME (EXPENSE):        
Miscellaneous income, net 52 41 100 77
Interest expense (337) (299) (663) (587)
Capitalized financing costs 52 42 106 80
Total other expense (233) (240) (457) (454)
INCOME BEFORE INCOME TAXES 444 406 1,048 946
INCOME TAXES 92 88 230 214
NET INCOME 352 318 818 732
COMPREHENSIVE INCOME 288 268 693 628
JCP&L        
REVENUES 659 592 1,325 1,158
OPERATING EXPENSES:        
Purchased power 349 303 727 601
Other operating expenses [2] 194 137 418 282
Provision for depreciation 63 65 124 130
Deferral of regulatory assets, net (76) (12) (182) (32)
General taxes 6 6 13 12
Total operating expenses 536 499 1,100 993
OPERATING INCOME 123 93 225 165
OTHER INCOME (EXPENSE):        
Miscellaneous income, net 13 11 28 23
Capitalized financing costs 13 10 25 19
Total other expense (18) (11) (32) (20)
INCOME BEFORE INCOME TAXES 105 82 193 145
INCOME TAXES 26 20 48 36
NET INCOME 79 62 145 109
COMPREHENSIVE INCOME 79 62 145 109
JCP&L | Nonrelated Party        
OTHER INCOME (EXPENSE):        
Interest expense (41) (30) (80) (59)
JCP&L | Related Party        
REVENUES 1 1 1 1
OPERATING EXPENSES:        
Other operating expenses 25 26 57 59
OTHER INCOME (EXPENSE):        
Interest expense $ (3) $ (2) $ (5) $ (3)
[1] Includes excise and gross receipts tax collections of $105 million and $100 million during the three months ended June 30, 2026, and 2025, respectively, and $238 million and $223 million during the six months ended June 30, 2026, and 2025, respectively.
[2] Includes affiliated operating expenses of $25 million and $26 million for the three months ended June 30, 2026, and 2025, respectively, and $57 million and $59 million for the six months ended June 30, 2026, and 2025, respectively.