JCP&L launches exchange offer for up to $350 million of 4.600% notes due 2030

The offer runs through August 13, 2026 and is intended to swap unregistered senior notes for registered securities under a prior registration rights agreement, not to raise new financing.

Summary

Jersey Central Power & Light Company, a subsidiary of FirstEnergy Corp., said it is offering to exchange up to $350 million aggregate principal amount of its outstanding unregistered 4.600% Senior Notes due 2030 for an equal principal amount of newly registered 4.600% Senior Notes due 2030. The exchange offer expires at 5:00 p.m. New York City time on August 13, 2026, unless extended, and holders may withdraw tenders at any time before the deadline. The company said the transaction is meant to meet obligations under a registration rights agreement tied to the original note issuance and does not constitute a new financing. The offer terms are contained in a prospectus dated July 16, 2026, filed with the SEC (U.S. Securities and Exchange Commission) as part of a Registration Statement on Form S-4, File No. 333-297033, which was declared effective on July 14, 2026.

Terms & Concepts
  • Senior Notes: Corporate debt securities with priority over junior debt.
  • registration rights agreement: Deal requiring an issuer to register securities for resale or exchange.
  • Form S-4: SEC filing used for exchange offers and certain securities registrations.