1 unchanged sentence
Evaluation of Disclosure Controls and Procedures
−Removed: FirstEnergy, through the oversight of its Disclosure Committee, has established disclosure controls and procedures to ensure that information is accumulated and communicated to management, including the chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure, and ensure that information required to be disclosed in the reports FirstEnergy files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms.
−Removed: The management of FirstEnergy, with the participation of the chief executive officer and chief financial officer, has evaluated the effectiveness of its disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act), as of December 31, 2024.
−Removed: Based on that evaluation, the chief executive officer and chief financial officer of FirstEnergy have concluded that its disclosure controls and procedures were effective as of December 31, 2024.
+Added: The Registrants, through the oversight of FirstEnergy's Disclosure Committee, have established disclosure controls and procedures to ensure that information is accumulated and communicated to management, including their respective principle executive officer and principle financial officer, as appropriate to allow timely decisions regarding required disclosure, and ensure that information required to be disclosed in the reports the Registrants file or submit under the Exchange Act, are recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms.
+Added: The management of the Registrants, with the participation of their respective principal executive officer and principal financial officer, have established and evaluated the effectiveness of their disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this report.
+Added: Based on that evaluation, the principal executive officers and principal financial officers of the Registrants have concluded that the disclosure controls and procedures in place were effective as of the end of the period covered by this report.
Management’s Report on Internal Control over Financial Reporting
6 unchanged sentences
The effectiveness of FirstEnergy's internal control over financial reporting as of December 31, 2025 has been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report, which is included herein.
+Added: This Annual Report does not include a report of JCP&L’s assessment regarding internal control over financial reporting due to the transition period established by the rules of the SEC for newly public companies.
Changes in Internal Control over Financial Reporting
−Removed: During the quarter ended December 31, 2024, there were no changes in internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially affect, FirstEnergy's internal control over financial reporting.
+Added: During the quarter ended December 31, 2025, there were no changes in internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially affect, the Registrants’ internal control over financial reporting.
OTHER INFORMATION
4 unchanged sentences
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
−Removed: The information required by Item 10 is incorporated herein by reference to FirstEnergy's 2025 Proxy Statement to be filed with the SEC pursuant to Regulation 14A under the Exchange Act.
+Added: The information required by Item 10.
+Added: with respect to FE is incorporated herein by reference to FirstEnergy's 2026 Statement to be filed with the SEC pursuant to Regulation 14A under the Exchange Act.
+Added: Information relating to JCP&L is omitted pursuant to General Instruction I(2) to Form 10-K.
FirstEnergy has adopted an insider trading compliance policy regarding securities transactions (the "Insider Trading Practice") that applies to its directors, officers, employees, consultants, and contractors and our subsidiaries, as well as the company itself.
2 unchanged sentences
EXECUTIVE COMPENSATION
−Removed: The information required by Item 11 is incorporated herein by reference to FirstEnergy’s 2025 Proxy Statement to be filed with the SEC pursuant to Regulation 14A under the Exchange Act.
+Added: The information required by Item 11.
+Added: with respect to FE is incorporated herein by reference to FirstEnergy’s 2026 Proxy Statement to be filed with the SEC pursuant to Regulation 14A under the Exchange Act.
+Added: Information relating to JCP&L is omitted pursuant to General Instruction I(2) to Form 10-K.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
−Removed: The Item 403 of Regulation S-K information required by Item 12 is incorporated herein by reference to FirstEnergy's 2025 Proxy Statement to be filed with the SEC pursuant to Regulation 14A under the Exchange Act.
+Added: The Item 403 of Regulation S-K information required by Item 12.
+Added: with respect to FE is incorporated herein by reference to FirstEnergy's 2026 Proxy Statement to be filed with the SEC pursuant to Regulation 14A under the Exchange Act.
+Added: Information relating to JCP&L is omitted pursuant to General Instruction I(2) to Form 10-K.
The following table contains information as of December 31, 2025, regarding compensation plans for which shares of FE common stock may be issued.
3 unchanged sentences
Total 4,763,785 $ — 7,444,718
−Removed: (1) Includes 256,061 shares related to the DCPD that is expected to be paid in stock, 2,086,021 shares subject to outstanding awards of stock based Restricted Stock Units granted under the ICP 2020 if paid at target for the 2022-2024, 2023-2025, and 2024-2026 cycles of stock based Restricted Stock Units, as well as 2,086,021 additional shares to be paid if maximum performance metrics are achieved for the three outstanding cycles.
+Added: (1) Includes 251,305 shares related to the DCPD that are expected to be paid in stock, 2,461,710 shares subject to outstanding awards of performance-based RSU awards and time-based RSU awards granted under the ICP 2020 (assuming, with respect to performance-based RSU awards, payouts at a target level of performance for the 2023-2025, 2024-2026, and 2025-2027 cycles, including dividend reinvestments thereon) as well as 2,050,770 additional shares to be paid if maximum performance metrics are achieved for the three outstanding cycles with respect to the performance-based RSU awards.
(2) There are no outstanding options, therefore, no consideration is required from participants for the exercise or vesting of any outstanding equity compensation awards.
2 unchanged sentences
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
−Removed: The information required by Item 13 is incorporated herein by reference to FirstEnergy’s 2025 Proxy Statement to be filed with the SEC pursuant to Regulation 14A under the Exchange Act.
+Added: The information required by Item 13.
+Added: with respect to FE is incorporated herein by reference to FirstEnergy’s 2026 Proxy Statement to be filed with the SEC pursuant to Regulation 14A under the Exchange Act.
+Added: Information relating to JCP&L is omitted pursuant to General Instruction I(2) to Form 10-K.
PRINCIPAL ACCOUNTANT FEES AND SERVICES
−Removed: A summary of the audit and all other fees for services rendered by PricewaterhouseCoopers LLP are as follows:
−Removed: For the Years Ended December 31,
−Removed: (In thousands)
−Removed: Audit Fees (1)
−Removed: $ 11,235 $ 9,915
−Removed: Audit-Related Fees (2)
−Removed: All Other Fees (4)
−Removed: Total Fees $ 11,453 $ 10,307
−Removed: (1) Professional services rendered for the audits of FirstEnergy's and certain of its subsidiary annual financial statements and reviews of unaudited financial statements included in FirstEnergy's Quarterly Reports on Form 10-Q filings made with the SEC, and for services in connection with statutory and regulatory filings or engagements, including comfort letters, agreed upon procedures and consents for financings.
−Removed: 2024 and 2023 audit fees also include newly required regulatory audits for certain subsidiaries and additional audit services to support the registration of certain subsidiaries with the SEC during 2024.
−Removed: (2) Audit-related fees in 2024 were related to services rendered for climate-related reporting assessments.
−Removed: (3) Tax fees in 2024 and 2023 were primarily related to the performance of tax services related to the FET equity interest sales.
−Removed: (4) All other fees in 2024 and 2023 primarily reflect certain costs related to the SEC investigation.
−Removed: Additional information required by this item is incorporated herein by reference to FirstEnergy’s 2025 Proxy Statement to be filed with the SEC pursuant to Regulation 14A under the Exchange Act.
+Added: FirstEnergy - The information called for by this Item 14.
+Added: is incorporated herein by reference to FirstEnergy’s 2026 Proxy Statement to be filed with the SEC pursuant to Regulation 14A under the Exchange Act under the caption “Matters Relating to the Independent Registered Public Accounting Firm".
+Added: JCP&L - As a wholly owned subsidiary of FE, JCP&L does not have a separate audit committee.
+Added: The FE Audit Committee fulfilled the audit committee function for JCP&L as it relates to the pre-approval of 2025 and 2024 audit and non-audit services provided by the independent registered public accounting firm.
+Added: As such, all audit and non-audit services provided by the independent auditor to JCP&L in 2025 and 2024 were pre-approved by the FE Audit Committee consistent with its duly adopted pre-approval policies and procedures.
+Added: A description of the FE Audit Committee pre-approval policies is contained in FirstEnergy's 2026 Proxy Statement which is incorporated herein by reference as described above.
+Added: Audit fees for professional services rendered by PricewaterhouseCoopers LLP were $1,212 thousand for December 31, 2025 and $1,834 thousand for December 31, 2024, respectively.
+Added: These fees are related to professional services rendered for the audit of JCP&L's annual financial statements, and for services in connection with statutory and regulatory filings and engagements, including comfort letters for financings.
+Added: The 2025 and 2024 audit fees also include additional audit services to support the registration of JCP&L with the SEC, as well as additional professional and other services, the cost of which may ultimately be allocated to JCP&L companies though not billed directly to them.
+Added: There were no fees related to tax, audit related or other services.
EXHIBIT AND FINANCIAL STATEMENT SCHEDULES
1 unchanged sentence
Financial Statements:
−Removed: Management’s Report on Internal Control Over Financial Reporting for FirstEnergy Corp.
−Removed: is listed under Item 9A, "Controls and Procedures" herein.
−Removed: Report of Independent Registered Public Accounting Firm (PCAOB ID 238 ) for FirstEnergy Corp.
−Removed: is listed under Item 8, "Financial Statements and Supplementary Data," herein.
−Removed: The financial statements filed as a part of this report for FirstEnergy Corp.
−Removed: are listed under Item 8, "Financial Statements and Supplementary Data," herein.
+Added: Report of Independent Registered Public Accounting Firm (PCAOB ID 238 ) for the Registrants is listed under Item 8., "Financial Statements and Supplementary Data," herein.
+Added: The financial statements filed as a part of this report for the Registrants are listed under Item 8., "Financial Statements and Supplementary Data," herein.
Financial Statement Schedules:
−Removed: N/A - Schedules not included are omitted because of the absence of conditions under which they are required or because the required information is provided in the consolidated financial statements, including the notes thereto.
+Added: Not applicable - Schedules not included are omitted because of the absence of conditions under which they are required or because the required information is provided in the consolidated financial statements, including the notes thereto.
+Added: Number Description
3.1 Amended and Restated Articles of Incorporation of FirstEnergy Corp.
7 unchanged sentences
(incorporated by reference to FirstEnergy’s Form 8-K filed May 4, 2023, Exhibit 4.1, File No.
+Added: 4.3 Indenture Relating to 3.625% Convertible Senior Notes due 2029, dated as of June 12, 2025, between FirstEnergy Corp.
+Added: and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to FirstEnergy’s Form 8-K filed June 12, 2025, Exhibit 4.1, File No.
+Added: 4.4 Indenture Relating to 3.875% Convertible Senior Notes due 2031, dated as of June 12, 2025, between FirstEnergy Corp.
+Added: and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to FirstEnergy’s Form 8-K filed June 12, 2025, Exhibit 4.2, File No.
4.5 Officer’s Certificate relating to FirstEnergy Corp.'s 2.85% Notes, Series A, due 2022, 3.90% Notes, Series B, due 2027 and 4.85% Notes, Series C, due 2047 (incorporated by reference to FE’s Form 8-K filed June 21, 2017, Exhibit 4.1, File No.
4.6 Form of 3.90% Note, Series B, due 2027 (incorporated by reference to FE’s Form 8-K filed June 21, 2017, Exhibit 4.1, File No.
+Added: Number Description
4.7 Form of 4.85% Note, Series C, due 2047 (incorporated by reference to FE’s Form 8-K filed June 21, 2017, Exhibit 4.1, File No.
4.8 Officer’s Certificate relating to FirstEnergy Corp.'s 2.050% Notes, Series A, due 2025, 2.650% Notes, Series B, due 2030 and 3.400% Notes, Series C, due 2050 (incorporated by reference to FE’s Form 8-K filed February 20, 2020, Exhibit 4.1, File No.
−Removed: 4.7 Form of 2.050% Note, Series A, due 2025 (incorporated by reference to FE’s Form 8-K filed February 20, 2020, Exhibit 4.2, File No.
4.9 Form of 2.650% Note, Series B, due 2030 (incorporated by reference to FE’s Form 8-K filed February 20, 2020, Exhibit 4.3, File No.
5 unchanged sentences
4.15 Form of 4.00% Convertible Senior Notes due 2026 (included hereto in Exhibit 4.2)
+Added: 4.16 Form of 3.625% Convertible Senior Notes due 2029 (included in Exhibit 4.1) (incorporated by reference to FirstEnergy’s Form 8-K filed June 12, 2025, Exhibit 4.1, File No.
+Added: 4.17 Form of 3.875% Convertible Senior Notes due 2031 (included in Exhibit 4.2) (incorporated by reference to FirstEnergy’s Form 8-K filed June 12, 2025, Exhibit 4.2, File No.
10.1 Credit Agreement, dated as of October 18, 2021, by and among FirstEnergy Corp., FirstEnergy Transmission, LLC, the banks and other financial institutions party thereto, as lenders, and JPMorgan Chase Bank, N.A., as administrative agent (incorporated by reference to FE’s Form 8-K filed October 18, 2021, Exhibit 10.1, File No.
1 unchanged sentence
10.3 Credit Agreement, dated as of October 18, 2021, by and among Metropolitan Edison Company, Pennsylvania Power Company, Pennsylvania Electric Company, West Penn Power Company, the banks and other financial institutions party thereto on the date hereof, as lenders, and Mizuho Bank, Ltd., as administrative agent (incorporated by reference to FirstEnergy’s Form 8-K filed October 18, 2021, Exhibit 10.3, File No.
−Removed: 10.4 Credit Agreement, dated as of October 18, 2021, by and among Jersey Central Power & Light Company, the banks and other financial institutions party thereto on the date hereof, as lenders, and Mizuho Bank, Ltd., as administrative agent (incorporated by reference to FirstEnergy’s Form 8-K filed October 18, 2021, Exhibit 10.4, File No.
10.4 Credit Agreement, dated as of October 18, 2021, by and among American Transmission Systems, Incorporated, Mid-Atlantic Interstate Transmission, LLC, and Trans-Allegheny Interstate Line Company, the banks and other financial institutions party thereto on the date hereof, as lenders, and PNC Bank, National Association, as administrative agent (incorporated by reference to FirstEnergy’s Form 8-K filed October 18, 2021, Exhibit 10.5, File No.
13 unchanged sentences
10.10 Amendment No.
−Removed: 1 to Credit Agreement, dated as of April 27, 2023, by and among Jersey Central Power & Light Company, the banks and other financial institutions party thereto on the date hereof, as lenders, and Mizuho Bank, Ltd., as administrative agent.
−Removed: (incorporated by reference to FirstEnergy’s Form 8-K filed May 1, 2023, Exhibit 10.5, File No.
−Removed: 10.12 Amendment No.
1 to Credit Agreement, dated as of April 27, 2023, by and among Monongahela Power Company, The Potomac Edison Company, the banks and other financial institutions party thereto on the date hereof, as lenders, and Mizuho Bank, Ltd, as administrative agent.
3 unchanged sentences
(incorporated by reference to FE’s Form 10-Q filed October 26, 2023, Exhibit 10.1, File No.
+Added: Number Description
10.12 Amendment No.
8 unchanged sentences
10.15 Amendment No.
−Removed: 2 to Credit Agreement, dated as of October 20, 2023, by and among Jersey Central Power & Light Company, the banks and other financial institutions party thereto on the date hereof, as lenders, and Mizuho Bank, Ltd., as administrative agent.
−Removed: (incorporated by reference to FE’s Form 10-Q filed October 26, 2023, Exhibit 10.5, File No.
−Removed: 10.18 Amendment No.
2 to Credit Agreement, dated as of October 20, 2023, by and among Monongahela Power Company, The Potomac Edison Company, the banks and other financial institutions party thereto on the date hereof, as lenders, and Mizuho Bank, Ltd, as administrative agent.
11 unchanged sentences
10.21 Amendment No.
−Removed: 3 to Credit Agreement, dated as of October 24, 2024, among JCP&L, as borrower, the banks and other financial institutions party thereto, as lenders, and Mizuho Bank, Ltd., as administrative agent (incorporated by reference to FE’s Form 10-Q filed October 29, 2024, Exhibit 10.5, File No.
−Removed: 10.25 Amendment No.
3 to Credit Agreement, dated as of October 24, 2024, among MP and PE, the banks and other financial institutions party thereto, as lenders, and Mizuho Bank, Ltd., as administrative agent (incorporated by reference to FE’s Form 10-Q filed October 29, 2024, Exhibit 10.6, File No.
4 unchanged sentences
10.24 Amendment No.
−Removed: 1 to Credit Agreement, dated as of October 24, 2024, among KATCo, as borrower, the banks and other financial institutions party thereto, as lenders, and PNC Bank, National Association, as administrative agent (incorporated by reference to FE’s Form 10-Q filed October 29, 2024, Exhibit 10.
+Added: 1 to Credit Agreement, dated as of October 24, 2024, among KATCo, as borrower, the banks and other financial institutions party thereto, as lenders, and PNC Bank, National Association, as administrative agent (incorporated by reference to FE’s Form 10-Q filed October 29, 2024, Exhibit 10.9, File No.
+Added: 10.25 Amendment No.
+Added: 4 to Credit Agreement, dated as of October 27, 2025, among FE, as borrower, the banks and other financial institutions party thereto, as lenders, and JPMorgan Chase Bank, N.A., as administrative agent (incorporated by reference to FE’s Form 10-Q filed October 28, 2025, Exhibit 10.5, File No.
+Added: 10.26 Amendment No.
+Added: 4 to Credit Agreement, dated as of October 27, 2025, among CEI, OE and TE, as borrowers, the banks and other financial institutions party thereto, as lenders, and JPMorgan Chase Bank, N.A., as administrative agent (incorporated by reference to FE’s Form 10-Q filed October 28, 2025, Exhibit 10.7, File No.
+Added: 10.27 Amendment No.
+Added: 4 to Credit Agreement, dated as of October 27, 2025, among FE PA, as borrower, the banks and other financial institutions party thereto, as lenders, and Mizuho Bank, Ltd., as administrative agent (incorporated by reference to FE’s Form 10-Q filed October 28, 2025, Exhibit 10.8, File No.
+Added: 10.28 Amendment No.
+Added: 4 to Credit Agreement, dated as of October 27, 2025, among MP and PE, as borrowers, the banks and other financial institutions party thereto, as lenders, and Mizuho Bank, Ltd., as administrative agent (incorporated by reference to FE’s Form 10-Q filed October 28, 2025, Exhibit 10.9, File No.
+Added: 10.29 Amendment No.
+Added: 4 to Credit Agreement, dated as of October 27, 2025, among ATSI, MAIT and TrAIL, as borrowers, the banks and other financial institutions party thereto, as lenders, and PNC Bank, National Association, as administrative agent (incorporated by reference to FE’s Form 10-Q filed October 28, 2025, Exhibit 10.12, File No.
+Added: 10.30 Amendment No.
+Added: 2 to Credit Agreement, dated as of October 27, 2025, among FET, as borrower, the banks and other financial institutions party thereto, as lenders, and JPMorgan Chase Bank, N.A., as administrative agent (incorporated by reference to FE’s Form 10-Q filed October 28, 2025, Exhibit 10.11, File No.
+Added: 10.31 Amendment No.
+Added: 2 to Credit Agreement, dated as of October 27, 2025, among KATCo, as borrower, the banks and other financial institutions party thereto, as lenders, and PNC Bank, National Association, as administrative agent (incorporated by reference to FE’s Form 10-Q filed October 28, 2025, Exhibit 10.10, File No.
10.32 Consent Decree dated March 18, 2005 (incorporated by reference to FE’s Form 8-K filed March 18, 2005, Exhibit 10-1, File No.
−Removed: 10.30 Settlement Agreement, dated as of August 26, 2018, by and among the Debtors, the FE Non-Debtor Parties, the Ad Hoc Noteholders Group, the Bruce Mansfield Certificateholders Group and the Committee (in each case, as defined therein) (incorporated by reference to FE’s Form 8-K filed August 27, 2018, Exhibit 10.1, File No.
+Added: Number Description
10.33 Deferred Prosecution Agreement, dated as of July 21, 2021 (incorporated by reference to FE’s Form 8-K filed July 22, 2021, Exhibit 10.1, File No.
57 unchanged sentences
Jones dated as of September 15, 2015 (incorporated by reference to FE's Form 8-K filed September 18, 2015, Exhibit 10.2, File No.
−Removed: 10.56 (B) Non-Competition and Non-Disparagement Agreement, entered into by Charles E.
−Removed: Jones, dated as of September 15, 2015 (incorporated by reference to FE's Form 8-K filed September 18, 2015, Exhibit 10.3, File No.
10.58 (B) FirstEnergy Corp.
3 unchanged sentences
2015 Incentive Compensation Plan, effective February 21, 2017 (incorporated by reference to FE's Form 10-K filed February 21, 2017, Exhibit 10-51, File No.
+Added: Number Description
10.60 (B) Executive Severance Benefits Plan, as amended and restated as of December 20, 2016 (incorporated by reference to FE’s Form 8-K filed December 21, 2016, Exhibit 10.1, File No.
+Added: 10.61 (B) FirstEnergy Corp.
+Added: Executive Severance Benefits Plan, as amended and restated as of January 1, 2026 (incorporated by reference to FE’s Form 8-K filed September 29, 2025, Exhibit 10.1, File No.
+Added: 10.62 (B) FirstEnergy Corp.
+Added: Executive Change in Control Severance Plan, as amended and restated as of January 1, 2026 (incorporated by reference to FE’s Form 8-K filed September 29, 2025, Exhibit 10.2, File No.
10.63 (B) Amendment No.
6 unchanged sentences
Voluntary Enhanced Retirement Option, effective as of January 2, 2019 (incorporated by reference to FE’s Form 8-K filed November 21, 2018, Exhibit 10.1, File No.
−Removed: 10.63 Consent and Waiver to the Settlement Agreement, dated April 18, 2019, by and among the Debtors and the FE Non-Debtor Parties (incorporated by reference to FE's Form 10-Q filed April 23, 2019, Exhibit 10.1, File No.333-21011).
−Removed: 10.64 First Amendment to Settlement Agreement dated November 21, 2019, by and among the Debtors, FE Non-Debtor Parties, Ad Hoc Noteholders Group, Bruce Mansfield Certificateholders Group, and the Committee (incorporated by reference to FE’s Form 8-K filed November 26, 2019, Exhibit 10.1, File No.
10.66 (B) Form of 2020 Restricted Stock Award Agreement (incorporated by reference to FE's Form 10-Q filed April 23, 2020, Exhibit 10.3, File No.333-21011).
4 unchanged sentences
Somerhalder II (incorporated by reference to FE’s Form 10-Q filed July 22, 2021, Exhibit 10.5, File No.
−Removed: 10.69 (B) Form of 2022-2024 Cash-Based Performance-Adjusted Restricted Stock Unit Award Agreement (incorporated by reference to FE’s Form 10-Q filed April 21, 2022, Exhibit 10.1, File No.
−Removed: 10.70 (B) Form of 2022-2024 Stock-Based Performance-Adjusted Restricted Stock Unit Award Agreement (incorporated by reference to FE’s Form 10-Q filed April 21, 2022, Exhibit 10.2, File No.
10.70 (B) Form of 2023-2025 Cash-Based Performance-Adjusted Restricted Stock Unit Award Agreement (incorporated by reference to FE’s Form 10-Q filed August 1, 2023, Exhibit 10.7, File No.
1 unchanged sentence
10.72 (B) Form of 2024-2026 Cash-Based Performance-Adjusted Restricted Stock Unit Award Agreement (incorporated by reference to FE’s Form 10-Q filed April 25, 2024, Exhibit 10.2, File No.
−Removed: 10.74 (B) Form of 2024-2026 Stock-Based Performance-Adjusted Restricted Stock Unit Award Agreement (incorporated by reference to FE’s Form 10-Q filed April 25, 2024, Exhibit 10.
−Removed: 10.75 (B) Stock-Based Performance-Adjusted Restricted Stock Unit Award Agreement to John W.
−Removed: Somerhalder II (incorporated by reference to FE’s Form 10-Q filed July 26, 2022, Exhibit 10.3, File No.
+Added: 10.73 (B) Form of 2024-2026 Stock-Based Performance-Adjusted Restricted Stock Unit Award Agreement (incorporated by reference to FE’s Form 10-Q filed April 25, 2024, Exhibit 10.3, File No.
+Added: 10.74 (B) Form of 2025-2027 Performance-Adjusted Restricted Stock Unit Award Agreement (incorporated by reference to FE’s Form 10-Q filed April 30, 2025, Exhibit 10.1, File No.
+Added: 10.75 (B) Form of 2025-2027 Time Based Restricted Stock Unit Award Agreement (incorporated by reference to FE’s Form 10-Q filed April 30, 2025, Exhibit 10.2, File No.
+Added: 10.76 (B) Form of 2020 Incentive Compensation Plan 2026 Time-Based Restricted Stock Unit Award Agreement (incorporated by reference to FE’s Form 8-K filed September 29, 2025, Exhibit 10.3, File No.
+Added: 10.77 (B) Form of 2020 Incentive Compensation Plan 2026-2028 Performance-Adjusted Restricted Stock Unit Award Agreement (incorporated by reference to FE’s Form 8-K filed September 29, 2025, Exhibit 10.4, File No.
10.78 (B) Offer letter, dated March 26, 2023, between FirstEnergy Corp.
Tierney (incorporated by reference to FE’s Form 10-Q filed April 27, 2023, Exhibit 10.2, File No.
−Removed: 10.77 (B) 2022 Interim Chief Executive Officer Restricted Stock Units Award Agreement to John W.
−Removed: Somerhalder II.
−Removed: (incorporated by reference to FE’s Form 10-K filed February 13, 2023, Exhibit 10.59, File No.
−Removed: 10.78 (B) 2023 Interim Chief Executive Officer Restricted Stock Units Award Agreement to John W.
−Removed: Somerhalder II.
−Removed: (incorporated by reference to FE’s Form 10-K filed February 13, 2023, Exhibit 10.60, File No.
10.79 (B) Severance Agreement and Release of Claims of Christine L.
Walker (incorporated by reference to FE’s Form 10-Q filed October 29, 2024, Exhibit 10.1, File No.
−Removed: 14 Code of Business Conduct and Ethics (incorporated by reference to FE’s Form 10-Q filed July 22, 2021, Exhibit 14.1, File No.
−Removed: 19 (A) Insider Trading Practice
+Added: 19 Insider Trading Practice (incorporated by reference to FE’s Form 10-K filed February 27, 2025, Exhibit 19, File No.
21 (A) List of Subsidiaries of the Registrant at December 31, 202 5 .
4 unchanged sentences
97 Policy relating to recovery of erroneously awarded compensation (incorporated by reference to FE’s Form 10-K filed February 13, 2024, Exhibit 97, File No.
−Removed: 101 The following materials from the Annual Report on Form 10-K for FirstEnergy Corp.
+Added: 101 The following materials from the Annual Report on Form 10-K of FirstEnergy Corp.
for the period ended December 31, 2025, formatted in iXBRL (Inline Extensible Business Reporting Language):
−Removed: (i) Consolidated Statements of Income, (ii) Consolidated Statements of Comprehensive Income, (iii) Consolidated Balance Sheets, (iv) Consolidated Statements of Common Stockholders' Equity, (v) Consolidated Statements of Cash Flows, (vi) related notes to these financial statements and (vii) document and entity information.
−Removed: 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)
+Added: (i) Consolidated Statements of Income, (ii) Consolidated Statements of Comprehensive Income, (iii) Consolidated Balance Sheets, (iv) Consolidated Statements of Stockholders' Equity, (v) Consolidated Statements of Cash Flows, (vi) related notes to these financial statements and (vii) document and entity information.
+Added: 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document contained in Exhibit 101)
+Added: 3.1 Amended and Restated Certificate of Incorporation of Jersey Central Power & Light Company (incorporated by reference to JCP&L’s Form S-4 filed April 1, 2025, Exhibit 3.1, File No.
+Added: Number Description
+Added: 3.2 Amended and Restated Bylaws of Jersey Central Power & Light Company (incorporated by reference to JCP&L’s Form S-4 filed April 1, 2025, Exhibit 3.2, File No.
+Added: 4.1 Indenture, dated as of July 1,1999, by and between Jersey Central Power & Light Company and The Bank of New York Mellon Trust Company as eventual successor to U.S.
+Added: Trust Company of New York, which was the original trustee (incorporated by reference to JCP&L’s Form S-4 filed April 1, 2025, Exhibit 4.1, File No.
+Added: 4.2 First Supplemental Indenture, dated as of October 31, 2007, by and among Jersey Central Power & Light Company and The Bank of New York, as resigning trustee, and The Bank of New York Trust Company, N.A., as successor trustee (incorporated by reference to JCP&L’s Form S-4 filed April 1, 2025, Exhibit 4.5, File No.
+Added: 4.3 Registration Rights Agreement, dated as of December 5, 2024, by and among Jersey Central Power & Light Company and Barclays Capital Inc., MUFG Securities Americas Inc., PNC Capital Markets LLC and Wells Fargo Securities, LLC, as representatives of the initial purchasers of the Senior Notes due 2035 (unregistered) (incorporated by reference to JCP&L’s Form S-4 filed April 1, 2025, Exhibit 4.2, File No.
+Added: 4.4 Company Order, dated as of December 5, 2024 (incorporated by reference to JCP&L’s Form S-4 filed April 1, 2025, Exhibit 4.3, File No.
+Added: 4.5 Form of 4.150% Senior Note due 2029 (incorporated by reference to JCP&L’s Form 8-K filed September 5, 2025, Exhibit 4.3, File No.
+Added: 4.6 Form of 4.400% Senior Note due 2031 (incorporated by reference to JCP&L’s Form 8-K filed September 5, 2025, Exhibit 4.4, File No.
+Added: 4.7 Form of 5.100% Senior Note due 2035 (incorporated by reference to JCP&L’s Form 8-K filed September 5, 2025, Exhibit 4.5, File No.
+Added: 10.1 Credit Agreement, dated as of October 18, 2021, by and among Jersey Central Power & Light Company, the banks and other financial institutions party thereto on the date hereof, as lenders, and Mizuho Bank, Ltd., as administrative agent (incorporated by reference to JCP&L’s Form S-4 filed April 1, 2025, Exhibit 10.1, File No.
+Added: 10.2 Amendment No.
+Added: 1 to Credit Agreement, dated as of April 27, 2023, by and among Jersey Central Power & Light Company, the banks and other financial institutions party thereto on the date hereof, as lenders, and Mizuho Bank, Ltd., as administrative agent (incorporated by reference to JCP&L’s Form S-4 filed April 1, 2025, Exhibit 10.2, File No.
+Added: 10.3 Amendment No.
+Added: 2 to Credit Agreement, dated as of October 20, 2023, by and among Jersey Central Power & Light Company, the banks and other financial institutions party thereto on the date hereof, as lenders, and Mizuho Bank, Ltd., as administrative agent (incorporated by reference to JCP&L’s Form S-4 filed April 1, 2025, Exhibit 10.3, File No.
+Added: 10.4 Amendment No.
+Added: 3 to Credit Agreement, dated as of October 24, 2024, by and among Jersey Central Power & Light Company, the banks and other financial institutions party thereto on the date hereof, as lenders, and Mizuho Bank, Ltd., as administrative agent (incorporated by reference to JCP&L’s Form S-4 filed April 1, 2025, Exhibit 10.4, File No.
+Added: 10.5 Amendment No.
+Added: 4 to Credit Agreement, dated as of October 27, 2025, among JCP&L, as borrower, the banks and other financial institutions party thereto, as lenders, and Mizuho Bank, Ltd., as administrative agent (incorporated by reference to FE’s Form 10-Q filed October 28, 2025, Exhibit 10.6, File No.
+Added: 10.6 Service Agreement, dated as of January 1, 2024, by and between FirstEnergy Transmission, LLC, each of the associate companies listed on the signature pages thereto, and FirstEnergy Service Company (incorporated by reference to JCP&L’s Form S-4 filed April 1, 2025, Exhibit 10.5, File No.
+Added: 10.7 Second Revised, Amended and Restated Mutual Assistance Agreement, dated as of January 1, 2024, by and among certain subsidiaries of FirstEnergy Corp.
+Added: listed on the signature pages thereto (incorporated by reference to JCP&L’s Form S-4 filed April 1, 2025, Exhibit 10.6, File No.
+Added: 10.8 Registration Rights Agreement, dated as of September 4, 2025, by and among Jersey Central Power & Light Company, J.P.
+Added: Morgan Securities LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc.
+Added: and Wells Fargo Securities, LLC, as representatives of the initial purchasers of the 4.150% Senior Notes due 2029 (incorporated by reference to JCP&L’s Form 8-K filed September 5, 2025, Exhibit 10.1, File No.
+Added: 10.9 Registration Rights Agreement, dated as of September 4, 2025, by and among Jersey Central Power & Light Company, J.P.
+Added: Morgan Securities LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc.
+Added: and Wells Fargo Securities, LLC, as representatives of the initial purchasers of the 4.400% Senior Notes due 2031 (incorporated by reference to JCP&L’s Form 8-K filed September 5, 2025, Exhibit 10.2, File No.
+Added: 31.1 (A) Certification of principal executive officer, as adopted pursuant to Rule 13a-14(a)
+Added: 31.2 (A) Certification of principal financial officer, as adopted pursuant to Rule 13a-14(a)
+Added: 32 (A) Certification of principal executive officer and principal financial officer, pursuant to 18 U.S.C.
+Added: 101 The following materials from the Annual Report on Form 10-K of Jersey Central Power & Light Company for the period ended December 31, 2025, formatted in iXBRL (Inline Extensible Business Reporting Language):
+Added: (i) Statements of Income and Comprehensive Income, (ii) Balance Sheets, (iii) Statements of Common Stockholder's Equity, (iv) Statements of Cash Flows, (v) related notes to these financial statements and (vi) document and entity information.
+Added: 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document contained in Exhibit 101)
(A) Provided herein in electronic format as an exhibit.
+Added: Number Description
(B) Management contract or compensatory plan contract or arrangement filed pursuant to Item 601 of Regulation S-K.
−Removed: Pursuant to paragraph (b)(4)(iii)(A) of Item 601 of Regulation S-K, FirstEnergy has not filed as an exhibit to this Form 10-K any instrument with respect to long-term debt if the respective total amount of securities authorized thereunder does not exceed 10% of its respective total assets, but hereby agrees to furnish to the SEC on request any such documents.
+Added: Pursuant to paragraph (b)(4)(iii)(A) of Item 601 of Regulation S-K, FirstEnergy and JCP&L have not filed as an exhibit to this Form 10-K any instrument with respect to long-term debt if the respective total amount of securities authorized thereunder does not exceed 10% of their respective total assets, but hereby agree to furnish to the SEC on request any such documents.
FORM 10-K SUMMARY
1 unchanged sentence
FIRSTENERGY CORP.
−Removed: Chair, President and Chief Executive Officer
+Added: Chairman, President and Chief Executive Officer
+Added: (Principal Executive Officer)
February 18, 2026
1 unchanged sentence
FIRSTENERGY CORP.
−Removed: Chair, President and Chief Executive Officer
+Added: Chairman, President and Chief Executive Officer
(Principal Executive Officer)
−Removed: /s/ Lisa Winston Hicks
−Removed: Lisa Winston Hicks
−Removed: Lead Independent Director
Jon Taylor /s/ Jason J.
2 unchanged sentences
(Principal Financial Officer) (Principal Accounting Officer)
+Added: /s/ Lisa Winston Hicks
+Added: Lisa Winston Hicks
+Added: Lead Independent Director
Boyd /s/ James F.
14 unchanged sentences
February 18, 2026
+Added: Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
+Added: JERSEY CENTRAL POWER & LIGHT COMPANY
+Added: Douglas Mokoid
+Added: Douglas Mokoid
+Added: President and Director
+Added: (Principal Executive Officer)
+Added: February 18, 2026
+Added: Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated:
+Added: JERSEY CENTRAL POWER & LIGHT COMPANY
+Added: Douglas Mokoid
+Added: Douglas Mokoid
+Added: President and Director
+Added: (Principal Executive Officer)
+Added: /s/ Teresa Reed /s/ Lisa A.
+Added: Teresa Reed Lisa A.
+Added: Vice President, State Finance and Regulatory Controller
+Added: (Principal Financial Officer) (Principal Accounting Officer)
+Added: /s/ Linda Bowden
+Added: February 18, 2026
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.