Changes Between 2022 and 2021 Financial Results Increase (Decrease) Regulated Distribution Regulated Transmission Corporate/Other and Reconciling Adjustments FirstEnergy Consolidated (In millions) Revenues: Electric $ 1,098 $ 255 $ (19) $ 1,334 Other (8) (5) 6 (7) Total Revenues 1,090 250 (13) 1,327 Operating Expenses: Fuel 249 — — 249 Purchased power 896 — 3 899 Other operating expenses 437 258 (74) 621 Provision for depreciation 56 10 7 73 Amortization (deferral) of regulatory assets, net (622) (12) — (634) General taxes 42 7 7 56 DPA penalty — — (230) (230) Gain on sale of Yards Creek 109 — — 109 Total Operating Expenses 1,167 263 (287) 1,143 Operating Income (Loss) (77) (13) 274 184 Other Income (Expense): Debt redemption costs 1 1 (171) (169) Equity method investment earnings — — 137 137 Miscellaneous income, net (38) (5) (28) (71) Pension and OPEB mark-to-market adjustment (320) (46) 56 (310) Interest expense (4) 17 87 100 Capitalized financing costs (6) 15 — 9 Total Other Expense (367) (18) 81 (304) Income (Loss) from Continuing Operations Before Income Taxes (Benefits) (444) (31) 355 (120) Income taxes (benefits) (113) (17) 810 680 Income (Loss) From Continuing Operations (331) (14) (455) (800) Discontinued Operations, net of tax — — (44) (44) Net Income (Loss) $ (331) $ (14) $ (499) $ (844) Income attributable to noncontrolling interest (continuing operations) — 33 — 33 Earnings (Loss) Attributable to FE $ (331) $ (47) $ (499) $ (877) 37
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