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Jersey Central Power & Light Company Announces Exchange Offer for 4.600% Senior Notes Due 2030

On July 16, 2026, Jersey Central Power & Light Company (often abbreviated as JCPL), a notable subsidiary of FirstEnergy Corp., revealed an offer aimed at exchanging up to $350 million in outstanding unregistered 4.600% Senior Notes due in 2030 for an equivalent amount of newly registered Senior Notes. This initiative is part of the company's ongoing efforts to streamline its financial obligations and comply with regulatory requirements under the Securities Act of 1933.

Key Details of the Exchange Offer

The exchange offer is set to expire at 5:00 PM, New York City time, on August 13, 2026, unless there are any extensions made. This time window is critical for bondholders who hold the Outstanding Notes and are considering participation in the exchange. It’s noteworthy that any tender of these Outstanding Notes can be withdrawn at any point before the expiration deadline.

The decision to offer this exchange stems from JCPL's commitment to meet its obligations as outlined in a prior registration rights agreement linked to the issuance of the Outstanding Notes. It's essential for interested parties to recognize that the current exchange offer represents a continuation of existing financial arrangements and is not a new financing initiative.

Accessing Offer Documents

Interested investors can access the details of the exchange offer through the prospectus dated July 16, 2026, which was subsequently supplemented on July 17, 2026. This document elaborates on the terms and conditions surrounding the exchange and provides necessary instructions for participation. Copies of both the prospectus and any related documents can be obtained from the appointed exchange agent.

Notably, the exchange agent for this offer is The Bank of New York Mellon Trust Company, N.A. For those requiring more information or needing clarification, the contact details are as follows:

• - Mail or In-Person: The Bank of New York Mellon Trust Company, N.A.

c/o The Bank of New York Mellon Corporate Trust Reorg Unit
Pittsburgh, PA 15262
Attn: Raman Uthandaraman K

• - Email (Eligible Institutions Only): [email protected]
• - For Telephone Inquiries: +1 (615) 381-1464

JCPL's Customer Base and Company Background

JCPL proudly serves approximately 1.2 million customers across several New Jersey counties, including Burlington, Essex, and Monmouth, among others. This extensive customer base illustrates the company's substantial role in the local energy market.

FirstEnergy Corp., the parent company of JCPL, is deeply committed to integrity and operational excellence. It stands as one of the largest investor-owned electric systems in the United States, providing services to customers across multiple states, including New Jersey and Ohio. The infrastructure managed by FirstEnergy encompasses about 24,000 miles of transmission lines, effectively connecting significant regions from the Midwest to the Mid-Atlantic.

Forward-Looking Statements

While JCPL details its initiative through this exchange offer, it is important to note that any statements made regarding future performance or expectations are considered forward-looking statements. These statements carry inherent risks and uncertainties that could lead to actual outcomes differing from those projected. Stakeholders should refer to the filings with the Securities and Exchange Commission (SEC) for a thorough understanding of potential risks, including those mentioned in JCPL’s filings such as Form 10-K, Form 10-Q, or Form 8-K. JCPL is not obligated to update any forward-looking statements except as mandated by law.

For more information about Jersey Central Power & Light Company, follow them on X at @JCP_L, on Facebook at facebook.com/JCPandL, or visit their website at jcp-l.com.