Jersey Central Power & Light Initiates $350 Million Debt Exchange
Jersey Central Power & Light Company has launched an exchange offer for $350 million in senior notes due 2030, seeking to replace unregistered debt with securities registered under the Securities Act of 1933. The move fulfills existing contractual obligations established when the original notes were first issued.
The exchange offer remains open until 5:00 p.m. New York City time on August 13, 2026, unless the company chooses to extend the deadline. Investors may withdraw their tenders at any point before the expiration date. This transaction does not represent new financing for the Morristown-based utility, but rather a procedural step to satisfy a registration rights agreement.
The Bank of New York Mellon Trust Company, N.A. is acting as the exchange agent for the offer. Full terms are detailed in a prospectus dated July 16, 2026, which has been filed with the Securities and Exchange Commission under Form S-4. JCP&L, a subsidiary of FirstEnergy Corp., serves 1.2 million customers across 13 New Jersey counties.
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