FE · 10-Q · 2026Q1 · Full report

Regulated Capital Investment

FIRSTENERGY CORP · 2026-04-28 · Importance 37 · Surprise 32

JCP&L owns and operates transmission infrastructure under forward‑looking formula rates, with revenue requirements updated annually based on projected rate base and costs and subject to annual true‑ups. Higher regulated capital investments increased rate base and contributed to higher transmission revenues and net income; transmission revenues rose $10 million in Q1 2026 due to higher recovery of transmission operating expenses and a larger rate base from investment programs. Management also cited higher transmission revenues from regulated capital investments as a primary driver of a $19 million increase in net income year‑over‑year.