FE · 10-Q · 2026Q1 · Full report

JCP&L Operating Segment Reorganization

FIRSTENERGY CORP · 2026-04-28 · Importance 31 · Surprise 42

Effective January 1, 2026, JCP&L changed how management evaluates operating performance and allocates resources and reassessed its operating segments, consolidating reporting into a single integrated business. Historically it reported two operating segments — Distribution and Transmission — and it has reclassified prior periods for comparability under the single reportable segment beginning in Q1 2026. Management states there are no changes to significant expenses, measure of profit or loss, or other segment items as a result of the reclassification. The change affects external segment disclosure and comparative presentation but not underlying economics.

Key facts

• As of January 1, 2026 JCP&L changed how management evaluates operating performance and allocates resources and reassessed its operating segments, determining its operations are now managed as a single integrated business and presenting results as a single reportable segment for the first quarter of 2026 with prior periods reclassified for comparability.