FirstEnergy had $100 million of short-term borrowings as of December 31, 2022. As of December 31, 2021, FirstEnergy had no outstanding short-term borrowings. FirstEnergy’s available liquidity from external sources as of February 10, 2023, was as follows: Revolving Credit Facilities Maturity Commitment Available Liquidity (In millions) FE and FET October 2026 $ 1,000 $ 897 Ohio Companies October 2026 800 650 Pennsylvania Companies October 2026 950 800 JCP&L October 2026 500 499 MP and PE October 2026 400 400 Transmission Companies October 2026 850 850 Subtotal $ 4,500 $ 4,096 Cash and Cash equivalents — 224 Total $ 4,500 $ 4,320 The following table summarizes the limitations on short-term indebtedness applicable to each borrower under current regulatory approvals and applicable statutory and/or charter limitations as of December 31, 2022: Individual Borrower Regulatory and Other ShortTerm Debt Limitations (In millions) FE and FET N/A OE, CEI, JCP&L, ME, MP and ATSI $ 500 (1) TE, PN and WP 300 (1) PE and Penn 150 (1) TrAIL and MAIT 400 (1) (1) Includes amounts which may be borrowed under the regulated companies' money pool. Subject to each borrower’s sublimit, the amounts noted below are available for the issuance of LOCs (subject to borrowings drawn under the 2021 Credit Facilities) expiring up to one year from the date of issuance. The stated amount of outstanding LOCs will count against total commitments available under each of the 2021 Credit Facilities and against the applicable borrower’s borrowing sublimit. As of December 31, 2022, FirstEnergy had $4 million in outstanding LOCs. Revolving Credit Facility LOC Availability (In millions) FE and FET $ 100 Ohio Companies 150 Pennsylvania Companies 200 JCP&L 100 MP and PE 100 Transmission Companies 200 The 2021 Credit Facilities do not contain provisions that restrict the ability to borrow or accelerate payment of outstanding advances in the event of any change in credit ratings of the borrowers. Pricing is defined in “pricing grids,” whereby the cost of funds borrowed under the 2021 Credit Facilities are related to the credit ratings of the company borrowing the funds. Additionally, borrowings under each of the 2021 Credit Facilities are subject to the usual and customary provisions for acceleration upon the occurrence of events of default, including a cross-default for other indebtedness in excess of $100 million. As of December 31, 2022, the borrowers were in compliance with the applicable interest coverage and debt-to-total-capitalization ratio covenants in each case as defined under the 2021 Credit Facilities. 46
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