Jersey Central Power & Light Company Announces Exchange Offer for Its Senior Notes due 2035

Jersey Central Power & Light Company Launches Exchange Offer

In a recent announcement, Jersey Central Power & Light Company (JCPL), a subsidiary of FirstEnergy Corp, unveiled its offer for a significant exchange of its 5.100% Senior Notes that are due in 2035. The company aims to exchange up to $700 million in aggregate principal amount of these outstanding notes for an equivalent amount of newly registered notes under the Securities Act.

The exchange offer, which is a vital move for compliance with regulations, is set to conclude at 5 p.m. New York City time on May 15, 2025, unless a further extension is granted. This offer provides an invaluable opportunity for investors holding the outstanding notes to transition into the new registered securities. Tenders for the outstanding notes must be submitted before the expiration date, and investors have the option to withdraw their tenders at any time prior to this deadline.

This exchange offer comes as a fulfillment of JCPL's obligations established by a registration rights agreement linked to the issuance of the original outstanding notes. It is important to clarify that this does not constitute a new financing transaction; rather, it is an administrative measure aimed at enhancing the liquidity and regulatory compliance of JCPL's financial instruments.

The details of this exchange offer, including the terms and conditions, are outlined in a prospectus that was released on April 16, 2025. Interested parties can obtain copies of this essential document, which includes all pertinent specifications regarding the notes, by reaching out to the official exchange agent, The Bank of New York Mellon Trust Company, N.A.

Potential participants can make inquiries through various channels, including direct mail, phone, or email, ensuring they have ample opportunity to access the information necessary for informed decision-making regarding their investments in JCPL notes. The official communication emphasizes that this announcement serves purely informational purposes and does not represent an initiative to buy or sell securities, reaffirming the necessity for potential investors to review the official prospectus for complete transactional guidance.

JCPL proudly serves a diverse customer base of approximately 1.1 million clients across multiple counties in New Jersey, demonstrating its vital role in meeting the region’s energy needs. Through its connection to FirstEnergy Corp., the company is committed to integrity, reliability, and safety, ensuring that its electric distribution network remains amongst the largest investor-owned systems in the nation.

As part of its continuous commitment to operational excellence, JCPL highlights its comprehensive transmission capabilities with subsidiaries operating thousands of miles of transmission lines across key areas in the Midwest and Mid-Atlantic regions.

The forward-looking statements contained within the related documentation underscore the inherent risks and uncertainties involved in the financial landscape. JCPL acknowledges that actual results may vary significantly from the anticipated outcomes and has committed to transparency by providing updated information as required by law.

For more details on JCPL and its initiatives, stakeholders can follow the company online and on social media platforms, maintaining an open channel for communication and updates regarding their services and operational strategies.

In summation, this exchange offer represents an essential administrative step for Jersey Central Power & Light Company as it enhances its financial structure and complies with regulatory obligations while catering to its investors' needs. With this move, JCPL aims to sustain its robust service standards and operational integrity in the years to come.