FE · 10-Q · 2026Q1 · Full report

JCP&L Rate Base

FIRSTENERGY CORP · 2026-04-28 · Importance 50 · Surprise 24

Jersey Central Power & Light Company (JCP&L), a wholly owned FirstEnergy subsidiary, provides regulated transmission and distribution services in northern, western and east central New Jersey. JCP&L represents $5.1 billion in rate base as of December 31, 2025. JCP&L’s operations and its rate base are subject to regulation by the New Jersey Board of Public Utilities (NJBPU) and FERC. The $5.1 billion rate base underpins allowed return and revenue recovery in JCP&L’s regulated operations and is a material component of FirstEnergy’s regulated asset footprint.

Key facts

• Jersey Central Power & Light Company (JCP&L) provides regulated electric transmission and distribution services in northern, western and east central New Jersey representing $5.1 billion in rate base as of December 31, 2025.
• JCP&L is a wholly owned subsidiary of FirstEnergy and is subject to regulation by the New Jersey Board of Public Utilities (NJBPU) and FERC.