FE 2022 Annual Report

Financial information for FirstEnergy’s business segments and reconciliations to consolidated amounts is presented below: For the Years Ended December 31, (In millions) 2022 2021 2020 External revenues Regulated Distribution $ 10,569 $ 9,510 $ 9,168 Regulated Transmission 1,863 1,608 1,613 Corporate/Other 27 14 9 Reconciling Adjustments — — — Total external revenues $ 12,459 $ 11,132 $ 10,790 Internal revenues Regulated Distribution $ 232 $ 201 $ 195 Regulated Transmission 5 10 17 Corporate/Other — — — Reconciling Adjustments (237) (211) (212) Total internal revenues $ — $ — $ — Total revenues $ 12,459 $ 11,132 $ 10,790 Depreciation Regulated Distribution $ 967 $ 911 $ 896 Regulated Transmission 335 325 313 Corporate/Other 7 3 4 Reconciling Adjustments 66 63 61 Total depreciation $ 1,375 $ 1,302 $ 1,274 Amortization (deferral) of regulatory assets, net Regulated Distribution $ (362) $ 260 $ (64) Regulated Transmission (3) 9 11 Corporate/Other — — — Reconciling Adjustments — — — Total amortization (deferral) of regulatory assets, net $ (365) $ 269 $ (53) DPA penalty Corporate/Other $ — $ 230 $ — Total DPA penalty $ — $ 230 $ — Miscellaneous income (expense), net Regulated Distribution $ 361 $ 399 $ 332 Regulated Transmission 36 41 30 Corporate/Other 85 58 81 Reconciling Adjustments (67) (12) (13) Total miscellaneous income (expense), net $ 415 $ 486 $ 430 Interest expense Regulated Distribution $ 526 $ 522 $ 501 Regulated Transmission 230 247 219 Corporate/Other 350 382 358 Reconciling Adjustments (67) (12) (13) Total interest expense $ 1,039 $ 1,139 $ 1,065 Income taxes (benefits) Regulated Distribution $ 251 $ 364 $ 113 Regulated Transmission 110 127 138 Corporate/Other 639 (171) (125) Reconciling Adjustments — — — Total income taxes (benefits) $ 1,000 $ 320 $ 126 126

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