Focused on Our Future 2Q 2022 Strategic & Financial Highlights Steven E. Strah, President and CEO K. Jon Taylor, SVP, CFO & Strategy

Forward-Looking Statements Forward-Looking Statements: This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on information currently available to management. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms “anticipate,” “potential,” “expect,” "forecast," "target," "will," "intend," “believe,” "project," “estimate," "plan" and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, which may include the following the potential liabilities, increased costs and unanticipated developments resulting from government investigations and agreements, including those associated with compliance with or failure to comply with the Deferred Prosecution Agreement entered into on July 21, 2021 with the U.S. Attorney’s Office for the Southern District of Ohio; the risks and uncertainties associated with government investigations and audits regarding Ohio House Bill 6, as passed by Ohio’s 133rd General Assembly (“HB 6”) and related matters, including potential adverse impacts on federal or state regulatory matters, including, but not limited to, matters relating to rates; the risks and uncertainties associated with litigation, arbitration, mediation, and similar proceedings, particularly regarding HB 6 related matters, including risks associated with obtaining court approval of the settlement agreement in the derivative shareholder lawsuits; changes in national and regional economic conditions, including recession and inflationary pressure, affecting us and/or our customers and those vendors with which we do business; weather conditions, such as temperature variations and severe weather conditions, or other natural disasters affecting future operating results and associated regulatory actions or outcomes in response to such conditions; legislative and regulatory developments, including, but not limited to, matters related to rates, compliance and enforcement activity, cybersecurity, and climate change; the ability to accomplish or realize anticipated benefits from our FE Forward initiative and our other strategic and financial goals, including, but not limited to, overcoming current uncertainties and challenges associated with the ongoing government investigations, executing our transmission and distribution investment plans, greenhouse gas reduction goals, controlling costs, improving our credit metrics, growing earnings, and strengthening our balance sheet; changing market conditions affecting the measurement of certain liabilities and the value of assets held in our pension trusts may negatively impact our results of operations and related guidance, and may also cause us to make contributions to our pension sooner or in amounts that are larger than currently anticipated; the risks associated with cyber-attacks and other disruptions to our, or our vendors’, information technology system, which may compromise our operations, and data security breaches of sensitive data, intellectual property and proprietary or personally identifiable information; mitigating exposure for remedial activities associated with retired and formerly owned electric generation assets; the ability to access the public securities and other capital and credit markets in accordance with our financial plans, the cost of such capital and overall condition of the capital and credit markets affecting us, including the increasing number of financial institutions evaluating the impact of climate change on their investment decisions; the extent and duration of the COVID-19 pandemic and the related impacts to our business, operations and financial condition resulting from the outbreak of COVID-19 including, but not limited to, disruption of businesses in our territories, supply chain disruptions, additional costs, workforce impacts and governmental and regulatory responses to the pandemic, such as the moratoriums on utility disconnections and workforce vaccination mandates imposed at varying points throughout the pandemic; actions that may be taken by credit rating agencies that could negatively affect either our access to or terms of financing or our financial condition and liquidity; changes in assumptions regarding factors such as economic conditions within our territories, the reliability of our transmission and distribution system, or the availability of capital or other resources supporting identified transmission and distribution investment opportunities; changes in customers’ demand for power, including, but not limited to, economic conditions, the impact of climate change, or energy efficiency and peak demand reduction mandates; the potential of non-compliance with debt covenants in our credit facilities; the ability to comply with applicable reliability standards and energy efficiency and peak demand reduction mandates; changes to environmental laws and regulations, including, but not limited to, those related to climate change; labor disruptions by our unionized workforce; changes to significant accounting policies; any changes in tax laws or regulations, or adverse tax audit results or rulings; and the risks and other factors discussed from time to time in our Securities and Exchange Commission (“SEC”) filings. Dividends declared from time to time on FirstEnergy Corp.’s common stock during any period may in the aggregate vary from prior periods due to circumstances considered by FirstEnergy Corp.’s Board of Directors at the time of the actual declarations. A security rating is not a recommendation to buy or hold securities and is subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating. These forward-looking statements are also qualified by, and should be read together with, the risk factors included in FirstEnergy Corp.’s filings with the SEC, including, but not limited to, the most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The foregoing review of factors also should not be construed as exhaustive. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on FirstEnergy Corp.’s business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements. FirstEnergy Corp. expressly disclaims any obligation to update or revise, except as required by law, any forward-looking statements contained herein or in the information incorporated by reference as a result of new information, future events or otherwise. Strategic & Financial Highlights – Published July 26, 20222

Non-GAAP Financial Matters This presentation contains references to non-GAAP financial measures including, among others, Operating earnings (loss), Operating earnings (loss) per share (“EPS”), and Operating EPS by segment. Generally, a non-GAAP financial measure is a numerical measure of a company’s historical or future financial performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”). Operating earnings (loss), Operating EPS, and Operating EPS by segment are not calculated in accordance with GAAP to the extent they exclude the impact of “special items.” Special items represent charges incurred or benefits realized that management believes are not indicative of, or may obscure trends useful in evaluating the Company’s ongoing core activities and results of operations or otherwise warrant separate classification. Special items are not necessarily non-recurring. Management cannot estimate on a forward-looking basis the impact of these items in the context of long-term annual operating EPS growth rate projections because these items, which could be significant, are difficult to predict and may be highly variable. Consequently, the Company is unable to reconcile long- term annual operating EPS growth projections to a GAAP measure without unreasonable effort. Basic (GAAP) EPS and Operating EPS and Basic (GAAP) EPS and Operating EPS for each segment are calculated by dividing Operating earnings (loss), which excludes special items as discussed above, for the periods presented by 545 million shares for the full year 2021, 544 million for the second quarter and first six months 2021, and 571 million shares for the second quarter, first sixth months and full year 2022. Furthermore, pro forma earnings per share are also a non-GAAP financial measure and adjust the operating earnings (loss) per share for the three and six months ended June 30, 2021 for certain accounting policy changes, rate credits and equity financing transactions that took effect or began to impact in 2022, which management believes provides for a more consistent and comparable measure of performance of its businesses period-over-period. Management uses non-GAAP financial measures such as Operating earnings (loss), and Operating EPS to evaluate the Company’s performance and manage its operations and frequently references these non-GAAP financial measures in its decision-making, using them to facilitate historical and ongoing performance comparisons. Additionally, management uses Operating EPS by segment to further evaluate the Company’s performance by segment and references this non-GAAP financial measure in its decision-making. Management believes that the non-GAAP financial measures of Operating earnings (loss), Operating EPS, Operating EPS by segment, and pro forma earnings per share, provide consistent and comparable measures of performance of its businesses on an ongoing basis. Management also believes that such measures are useful to shareholders and other interested parties to understand performance trends and evaluate the Company against its peer group by presenting period-over-period operating results without the effect of certain charges or benefits that may not be consistent or comparable across periods or across the Company’s peer group. All of these non-GAAP financial measures are intended to complement, and are not considered as alternatives to, the most directly comparable GAAP financial measures. Also, the non-GAAP financial measures may not be comparable to similarly titled measures used by other entities. Pursuant to the requirements of Regulation G, FE has provided, where possible without unreasonable effort, quantitative reconciliations within this presentation of the non-GAAP financial measures to the most directly comparable GAAP financial measures. Strategic & Financial Highlights – Published July 26, 20223

Executing On Our Plan Steve Strah, President and CEO Strategic & Financial Highlights – Published July 26, 2022 Reported 2Q22 GAAP EPS of $0.33 and Operating (non-GAAP) EPS of $0.53 Updating 2022 GAAP EPS forecast to $2.17-$2.37 Reaffirming 2022 Operating (non-GAAP) EPS guidance of $2.30-$2.50 Reaffirming 2022 Cash From Operations guidance of $2.6B-$3.0B Reaffirming long-term annual Operating EPS growth rate of 6%-8% Accelerating FFO/Debt target of ~13% to 2023 (from 2024); targeted metrics in the mid-teens thereafter ■ Customer-focused, sustainable growth ■ Market volatility and impact on pension ■ Strong financial & operating results Focus for Today’s Call: ■ Continue to amplify our core values throughout FirstEnergy – Launched new employee campaign to focus on each core value – CEO listening sessions Core Values 4

Energizing the Future ■ Transmission continues to be one of the focal points of our strategy ■ Our Energizing the Future program has a relentless focus on reliability improvements for our customers ■ Building on this success within ATSI and across our territory as we continue expanding this program Strategic Updates Regulated Transmission Strategic & Financial Highlights – Published July 26, 20225 FET Minority Interest Sale Completed in May 2022 ■ Proceeds have been deployed to strengthen our balance sheet and fund our regulated capital investments ■ By paying down $2.5B long-term debt in 2022, we are driving meaningful progress and are ahead of our original plan to improve the credit profile of the company ATSI Improvements since 2014 ❖ 53% reduction in interruptions to customers caused by transmission outages ❖ 49% decrease in transmission line outages ❖ 88% improvement in the performance of our protection systems

Strategic Updates Ohio Grid Modernization Strategic & Financial Highlights – Published July 26, 2022 Pilot Programs ■ Providing managed electric vehicle charging incentive programs ■ Installing a battery storage system designed to support increased EV charging load along the Ohio Turnpike ■ Installing automated devices in neighborhoods prone to animal- or tree-related outages in OE & TE ■ On July 15th, filed Ohio Grid Mod II with the PUCO – Building off our Grid Mod I program, which includes 700,000 smart meters, distribution automation and volt var optimization on ~200 circuits ■ Four-year, $626M plan includes expanded investments in smart grid technologies to help reduce the frequency and duration of power outages, additional smart meter deployment, along with other investments and pilot programs designed to provide enhanced customer benefits Investments ■ Distribution automation on ~240 distribution circuits ■ Voltage regulating equipment on ~220 circuits ■ 700,000 additional smart meters and associated technology Benefits ■ Estimated benefits-to-cost ratio of 1.4; ~$280M in net benefits (NPV basis) ■ Enhance service reliability by minimizing the number of outage customers and outage time ■ Energy savings by managing voltage levels on the distribution grid ■ Opportunities for customers to better manage their energy consumption and lower their bills by leveraging smart meters 6

Other Regulatory Updates Strategic & Financial Highlights – Published July 26, 2022 NJ Light-Duty EV Driven Charging Program ■ In June, NJ BPU approved the settlement of our light-duty EV-driven program ■ Four-year, $40M program is designed to accelerate the adoption of light-duty EVs with incentives and rate structures that support the development of EV charging infrastructure throughout our JCP&L service territory ■ Costs will be deferred into a regulatory asset WV Utility-Scale Solar Generation ■ In April, WV PSC provided conditional approval of our plan to build 50 MW of utility-scale solar generation ■ Order requires MP and PE to subscribe at least 85% of the output before beginning construction ■ Making progress to meet 85% threshold and at that time will seek final approval, including surcharge approval, from the WV PSC ■ Expect the first solar generation site to be in- service by YE 2023 with the four other sites in- service by YE 2025 7 FirstEnergy remains committed to continuing our transformation and becoming an industry- leading utility that provides value to our investors, customers, employees and communities

Pension Update Jon Taylor, SVP, CFO and Strategy Strategic & Financial Highlights – Published July 26, 2022 ■ The impact of the pandemic, the war in Ukraine, and other macro-economic factors has resulted in extreme inflation and market volatility that we have not seen in 40+ years ■ We don’t believe this issue should impact the long-term value proposition of the company ■ YTD, despite the lower asset performance, higher interest rates have led to a net improvement in the funded status, but would result in a lower future pension benefit – Estimated earnings headwind of ~$0.30 per share beginning 2023, which reduces the non-cash benefit from the pension, from $0.40 to an estimated $0.10 per share benefit in 2023 ■ We believe the earnings impact associated with the pension will normalize over time, but recognize that this historic market environment presents an earnings challenge in the near term Pension YTD June YE 2021 Funded Status 84% 82% Discount Rate 4.79% 3.02% Actual Return on Assets -15% (YTD) 7.6% (Full year) 8 See Quarterly Support & Guidance section (slides 35 & 36)

Pension Update (Continued) Strategic & Financial Highlights – Published July 26, 2022 ■ We have identified specific steps to address the potential pension headwind – Transitioning more investments to formula rates with real-time returns, while working to lower base operating expenses – Accelerating future planned maintenance work into 2022, enabled by: – Successful completion of $1B tender of FE Corp notes – Higher-than-anticipated income from legacy, commodity-based investments – Continued focus on FE Forward program – Accelerating additional investments – Optimizing financing plan; includes delaying $1B of planned debt financings from 2023 to future years – Reducing corporate costs and our real estate footprint – Anticipating benefits from continued improvements in customer arrears ■ Exploring proposed changes to rate treatment for our pension to moderate impacts of market volatility between rate cases 9

Financial Updates Strategic & Financial Highlights – Published July 26, 2022 ■ Proud of the significant progress we’ve made to improve our balance sheet and strengthen the credit profile of FirstEnergy – Eliminated ~$2.4B in FE HoldCo debt in 1H 2022; ~$125M in annual interest costs savings – 26% FE Corp. HoldCo debt as a % of total Balance Sheet debt – Vs. 33% at YE 2021 Operating (Non-GAAP) Earnings $2.30-$2.50/sh Cash From Operations guidance $2.6-$3.0B Investment plan $3.3B Annual dividend (subject to Board approval) $1.56/sh 2022 Financial Commitments 3Q22 GAAP & Operating (non-GAAP) Earnings: $0.70-$0.80/sh Note: Reconciliations between GAAP and Operating (non-GAAP) earnings and detailed information is available in the Earnings Supplement and Quarterly Support sections of the Strategic & Financial Highlights 10 Premium valuations of our businesses in the private sector give us significant optionality to further improve the balance sheet and increase value for shareholders ■ Based on our current forecast, we are tracking just under 12% FFO-to-debt in 2022 and plan to be at ~13% FFO-to- debt in 2023, a year ahead of our initial target ■ On July 21, 2022, Fitch upgraded FE and FET to BBB-, and upgraded our utilities to a BBB rating, reflecting: – The successful completion of our equity transactions, use of those proceeds to pay down company debt, and the expected strengthening of our credit metrics – Our settlement to address key Ohio regulatory issues – Our meaningful improvements on governance matters

2Q 2022 Earnings Summary Strategic & Financial Highlights – Published July 26, 2022 ■ Reported 2Q 2022 GAAP earnings of $0.33 per share vs. $0.11 per share in 2Q21 – 2Q 2022 results include $0.20 of special items, including debt related costs ($0.17), investigation and other related costs ($0.02) and FE Forward cost to achieve ($0.01) ■ Reported 2Q 2022 Operating (non-GAAP) earnings of $0.53 per share vs. $0.59 per share in 2Q21 vs $0.47 per share for 2Q21 pro forma ■ As discussed previously, results reflect several unique drivers to 2022, including accounting policy changes, Ohio rate credits, and the impact of equity financing transactions Quarter-over-Quarter Operating EPS Summary ✓ Operating results exceed guidance midpoint ✓ Continued execution of our regulated growth strategy Note: Reconciliations between GAAP and Operating (non-GAAP) earnings and detailed information is available in the Earnings Supplement and Quarterly Support sections of the Strategic & Financial Highlights RD: $0.51 RT: $0.22 Corp: ($0.14) RD: $0.36 RT: $0.22 Corp: ($0.05) Acctg. Policy Changes ($0.05) Ohio Rate Credits ($0.03) Equity Transactions ($0.04) $0.47 RD: $0.41 RT: $0.20 Corp: ($0.14) Total Weather-Adj. Sales +1.3% Res -0.6% Com +1.9% Ind +2.4% RD: -$0.05 Higher expenses, consistent with guidance RT: +$0.01 Corp: +$0.04 Lower interest expense and discrete tax benefits RD: +$0.02 RT: +$0.01 Corp: +$0.05 Vs. 2Q Guidance (Range: $0.46 - $0.56) 11

YTD June 2022 Earnings Summary Strategic & Financial Highlights – Published July 26, 2022 ■ Reported YTD 2022 GAAP earnings of $0.83 per share vs. $0.72 per share in YTD 2021 – YTD 2022 results include $0.29 of special items, including debt related costs ($0.23), investigation and other related costs ($0.03), regulatory charges ($0.01), strategic transaction charges ($0.01) and FE Forward cost to achieve ($0.01) ■ Reported YTD 2022 Operating (non-GAAP) earnings of $1.12 per share vs. $1.28 per share in YTD 2021 vs $1.06 per share for YTD 2021 pro forma ■ As discussed previously, results reflect several unique drivers to 2022, including accounting policy changes, Ohio rate credits, and the impact of equity financing transactions Year-over-Year Operating EPS Summary ✓ Operating results exceed guidance midpoint ✓ Continued execution of our regulated growth strategy Note: Reconciliations between GAAP and Operating (non-GAAP) earnings and detailed information is available in the Earnings Supplement and Quarterly Support sections of the Strategic & Financial Highlights RD: $1.12 RT: $0.42 Corp: ($0.26) RD: $0.84 RT: $0.44 Corp: ($0.16) Acctg. Policy Changes ($0.10) Ohio Rate Credits ($0.05) Equity Transactions ($0.07) $1.06 RD: $0.92 RT: $0.40 Corp: ($0.26) Total Weather-Adj. Sales +1.3% Res -1.1% Com +3.3% Ind +2.5% Vs. 1Q+2Q Guidance (Range: $1.01 - $1.21) RD: -$0.07 Higher expenses, consistent with guidance RD: -$0.02 RT: +$0.01RD: +$0.02 RT: +$0.03 Corp: +$0.07 Corp: +$0.03 Primarily from lower interest expense and discrete tax benefits 12

Earnings Supplement to the Financial Community Strategic & Financial Highlights – Published July 26, 2022 14. 2Q Earnings Summary and Reconciliation 15. 2Q Earnings Drivers by Segment 16. YTD Earnings Summary and Reconciliation 17. YTD Earnings Drivers by Segment 18. Special Items Descriptions 19. 2Q 2022 Earnings Results 20. 2Q 2021 Earnings Results 21. Quarter-over-Quarter Earnings Comparison 22. YTD 2022 Earnings Results 23. YTD 2021 Earnings Results 24. Year-over-Year Earnings Comparison TABLE OF CONTENTS (Slide) Irene M. Prezelj Vice President, IR & Communications prezelji@firstenergycorp.com 330.384.3859 Gina E. Caskey Director, IR & Corporate Responsibility caskeyg@firstenergycorp.com 330.761.4185 Jake M. Mackin Manager, IR mackinj@firstenergycorp.com 330.384.4829 13

EPS Variance Analysis Regulated Regulated Corporate / FirstEnergy Corp. (in millions, except per share amounts) Distribution Transmission Other Consolidated 2Q 2021 Earnings (Loss) Attributable to FirstEnergy Corp. (GAAP) $274 $116 $(332) $58 2Q 2021 Basic Earnings (Loss) Per Share (avg. shares outstanding 544M) $0.51 $0.21 $(0.61) $0.11 Special Items - 2021 Regulatory charges — 0.01 — 0.01 State tax legislative changes — — 0.02 0.02 Investigation and other related costs — — 0.45 0.45 Total Special Items - 2Q 2021 — 0.01 0.47 0.48 2Q 2021 Operating Earnings (Loss) Per Share - Non-GAAP $0.51 $0.22 $(0.14) $0.59 Accounting policy changes (0.05) — — (0.05) Ohio rate credits (0.03) — — (0.03) Equity financing transactions (0.02) (0.02) — (0.04) 2021 Pro Forma EPS $0.41 $0.20 $(0.14) $0.47 Investments 0.02 0.01 0.05 0.08 Customer Demand (0.02) — — (0.02) O&M (0.05) — — (0.05) Other — 0.01 0.04 0.05 2Q 2022 Operating Earnings (Loss) Per Share - Non-GAAP $0.36 $0.22 $(0.05) $0.53 Special Items - 2022 Debt related costs — — (0.17) (0.17) FE Forward cost to achieve (0.01) — — (0.01) Investigation and other related costs — — (0.02) (0.02) Total Special Items - 2Q 2022 (0.01) — (0.19) (0.20) 2Q 2022 Basic Earnings (Loss) Per Share (avg. shares outstanding 571M) $0.35 $0.22 $(0.24) $0.33 2Q 2022 Earnings (Loss) Attributable to FirstEnergy Corp. (GAAP) $202 $123 $(138) $187 Per share amounts for the special items and earnings drivers above and throughout this report are based on the after-tax effect of each item divided by the number of shares outstanding for the period. The current and deferred income tax effect was calculated by applying the subsidiaries' statutory tax rate to the pre- tax amount if deductible/taxable. The income tax rates range from 21% to 29% in the second quarter of 2022 and 2021. Quarterly Summary Quarterly Reconciliation 2Q 2022 2Q 2021 Change GAAP Earnings Per Basic Share $0.33 $0.11 $0.22 Special Items $0.20 $0.48 $(0.28) Operating (Non-GAAP) Earnings Per Share $0.53 $0.59 $(0.06) Note: Refer to slide 3 for information on Non-GAAP Financial Matters. Strategic & Financial Highlights – Published July 26, 202214

Earnings Drivers: 2Q 2022 vs. 2Q 2021 Regulated Distribution (RD) ▪ Accounting policy changes ($0.05): Due to lower capitalization of vegetation management spend ($0.03) and corporate support costs ($0.02) ▪ Ohio rate credits ($0.03): Resulting from the 4Q21 unanimous settlement to provide FE's Ohio customers with a total of $80M in prospective rate reductions in 2022 ▪ Equity financing transactions ($0.02): Due to higher average shares outstanding (571M vs 544M in 2Q 2021) ▪ Investments +$0.02: Higher rider revenues from capital investment programs in Ohio, Pennsylvania, and New Jersey ▪ Customer Demand ($0.02): Lower weather-related usage due to unfavorable weather as compared to 2Q21 ($0.01) and the impact of weather-adjusted load ($0.01) (0.6)% 1.9% 2.4% 1.3% Residential Commercial* Industrial Total Q-o-Q Weather-Adjusted Distribution Deliveries Q-o-Q Actual Distribution Deliveries (1.6)% 1.5% 2.4% 0.7% Residential Commercial* Industrial Total ▪ O&M ($0.05): Primarily due to higher planned maintenance and inspection programs ($0.02), planned generation outage spend ($0.01), and other expenses ($0.02) ▪ Special Items: In 2Q22 and 2Q21, special items totaled $0.01 per share and $0.00 per share, respectively Regulated Transmission (RT) ▪ Equity financing transactions ($0.02): Due to higher average shares outstanding ($0.01) and FET minority interest sale, which closed on 5/31/2022 ($0.01) ▪ Investments +$0.01: Due to continued formula rate base growth from Energizing the Future program ▪ Other +$0.01: Due to lower revolver borrowings ▪ Special Items: In 2Q22 and 2Q21, special items totaled $0.00 per share and $0.01 per share, respectively Corporate / Other (Corp) ▪ Investments +$0.05: Primarily due to higher earnings from legacy, commodity-based investments ▪ Other +$0.04: Primarily due to lower interest expense from the early redemption of FE Corp notes (+$0.02), the impact of higher discrete tax benefits (+$0.01), and lower other expenses (+$0.01) ▪ Special Items: In 2Q22 and 2Q21, special items totaled $0.19 per share and $0.47 per share, respectively *Commercial includes street lighting. Strategic & Financial Highlights – Published July 26, 202215

EPS Variance Analysis Regulated Regulated Corporate / FirstEnergy Corp. (in millions, except per share amounts) Distribution Transmission Other Consolidated 2021 Earnings (Loss) Attributable to FirstEnergy Corp. (GAAP) $587 $225 $(419) $393 2021 Basic Earnings (Loss) Per Share (avg. shares outstanding 544M) $1.08 $0.41 $(0.77) $0.72 Special Items - 2021 Regulatory charges 0.04 0.01 — 0.05 State tax legislative changes — — 0.02 0.02 Investigation and other related costs — — 0.49 0.49 Total Special Items - 2021 0.04 0.01 0.51 0.56 2021 Operating Earnings (Loss) Per Share - Non-GAAP $1.12 $0.42 $(0.26) $1.28 Accounting policy changes (0.10) — — (0.10) Ohio rate credits (0.05) — — (0.05) Equity financing transactions (0.05) (0.02) — (0.07) 2021 Pro Forma EPS $0.92 $0.40 $(0.26) $1.06 Investments 0.02 0.03 0.07 0.12 Customer demand (0.01) — — (0.01) O&M (0.07) — — (0.07) Other (0.02) 0.01 0.03 0.02 2022 Operating Earnings (Loss) Per Share - Non-GAAP $0.84 $0.44 $(0.16) $1.12 Special Items - 2022 Regulatory charges (0.01) — — (0.01) Debt related costs — — (0.23) (0.23) Strategic transaction charges — — (0.01) (0.01) FE Forward cost to achieve (0.01) — — (0.01) Investigation and other related costs — — (0.03) (0.03) Total Special Items - 2022 (0.02) — (0.27) (0.29) 2022 Basic Earnings (Loss) Per Share (avg. shares outstanding 571M) $0.82 $0.44 $(0.43) $0.83 2022 Earnings (Loss) Attributable to FirstEnergy Corp. (GAAP) $467 $248 $(240) $475 Per share amounts for the special items and earnings drivers above and throughout this report are based on the after-tax effect of each item divided by the number of shares outstanding for the period. The current and deferred income tax effect was calculated by applying the subsidiaries' statutory tax rate to the pre-tax amount if deductible/taxable. The income tax rates range from 21% to 29% in 2022 and 2021. YTD June Summary YTD June Reconciliation 2022 2021 Change GAAP Earnings Per Basic Share $0.83 $0.72 $0.11 Special Items $0.29 $0.56 $(0.27) Operating (Non-GAAP) Earnings Per Share $1.12 $1.28 $(0.16) Note: Refer to slide 3 for information on Non-GAAP Financial Matters. Strategic & Financial Highlights – Published July 26, 202216

Earnings Drivers: YTD June 2022 vs. YTD June 2021 Regulated Distribution (RD) ▪ Accounting policy changes ($0.10): Due to lower capitalization of vegetation management spend ($0.06) and corporate support costs ($0.04) ▪ Ohio rate credits ($0.05): Resulting from the 4Q21 unanimous settlement to provide FE's Ohio customers with a total of $80M in prospective rate reductions in 2022 ▪ Equity financing transactions ($0.05): Due to higher average shares outstanding (571M vs. 544M YTD June 2021) ▪ Investments +$0.02: Higher rider revenues from capital investment programs in Ohio, Pennsylvania, and New Jersey ▪ Customer Demand ($0.01): Primarily due to an unfavorable mix of weather-adjusted sales, partially offset by higher weather-related usage ▪ O&M ($0.07): Primarily due to higher planned maintenance & inspections programs ($0.03), planned generation outage spend ($0.02), and other expenses ($0.02) ▪ Other ($0.02): Primarily due to higher pension expense ($0.02) and depreciation expense ($0.02), partially offset by lower general taxes, capitalized interest and other expenses ▪ Special Items: In YTD22 and YTD21, special items totaled $0.02 per share and $0.04 per share, respectively Regulated Transmission (RT) ▪ Equity financing transactions ($0.02): Due to higher average shares outstanding ($0.01) and FET minority interest sale, which closed on 5/31/2022 ($0.01) ▪ Investments +$0.03: Due to continued formula rate base growth from Energizing the Future program ▪ Other +$0.01: Primarily due to lower net financing costs ▪ Special Items: In YTD22 and YTD21, special items totaled $0.00 per share and $0.01 per share, respectively Corporate / Other (Corp) ▪ Investments +$0.07: Primarily due to higher earnings from legacy, commodity-based investments ▪ Other +$0.03: Primarily due to lower interest expense from the early redemption of FE Corp notes (+$0.04) and the impact of higher discrete tax benefits (+$0.02), partially offset by higher other expenses ($0.03) ▪ Special Items: In YTD22 and YTD21, special items totaled $0.27 per share and $0.51 per share, respectively (1.1)% 3.3% 2.5% 1.3% Residential Commercial* Industrial Total Y-o-Y Weather-Adjusted Distribution Deliveries *Commercial includes street lighting. Y-o-Y Actual Distribution Deliveries 0.4% 4.6% 2.5% 2.2% Residential Commercial* Industrial Total Strategic & Financial Highlights – Published July 26, 202217

Special Items Descriptions ▪ Regulatory charges: Primarily reflects the impact of regulatory agreements, proceedings, audits, concessions or orders requiring certain commitments, refunds, and/or disallowing the recoverability of costs, net of related credits. ▪ Debt-related costs: Primarily reflects costs associated with the redemption and early retirement of debt. ▪ State Tax Legislative Changes: Primarily reflects charges resulting from state tax legislative changes. ▪ Strategic transaction charges: Primarily reflects the remeasurement of certain deferred tax assets associated with the FET minority asset sale. ▪ Investigation and other related costs (credits): Primarily reflects the DPA penalty, litigation settlements and reserves, and legal and advisory expenses related to the government investigations. ▪ Exit of generation: Primarily reflects charges resulting from the exit of competitive operations. ▪ FE Forward cost to achieve: Primarily reflects certain advisory costs incurred to transform the company for the future. Note: Special items represent charges incurred or benefits realized that management believes are not indicative of, or may obscure trends useful in evaluating, the Company’s ongoing core activities and results of operations or otherwise warrant separate classification. Special items are not necessarily non-recurring. Strategic & Financial Highlights – Published July 26, 202218

2nd Quarter 2022 (in millions, except for per share amounts) GAAP Special Items Operating (Non-GAAP) RD RT Corp FE RD RT Corp FE RD RT Corp FE (1) Electric sales $ 2,374 $ 440 $ (37) $ 2,777 $ — $ 1 (a) $ — $ 1 $ 2,374 $ 441 $ (37) $ 2,778 (2) Other 52 1 (12) 41 — — — — 52 1 (12) 41 (3) Total Revenues 2,426 441 (49) 2,818 — 1 — 1 2,426 442 (49) 2,819 (4) Fuel 190 — — 190 — — — — 190 — — 190 (5) Purchased power 797 — 5 802 — — — — 797 — 5 802 (6) Other operating expenses 850 91 (45) 896 (5) (b) — (17) (b) (c) (e) (22) 845 91 (62) 874 (7) Provision for depreciation 242 87 19 348 — — — — 242 87 19 348 (8) Deferral of regulatory assets, net (127) (2) — (129) (1) (a) — — (1) (128) (2) — (130) (9) General taxes 192 61 11 264 — — — — 192 61 11 264 (11) Total Operating Expenses 2,144 237 (10) 2,371 (6) — (17) (23) 2,138 237 (27) 2,348 (12) Operating Income (Loss) 282 204 (39) 447 6 1 17 24 288 205 (22) 471 (13) Debt redemption costs — — (118) (118) — — 118 (d) 118 — — — — (14) Miscellaneous income, net 94 7 59 160 — — — — 94 7 59 160 (15) Interest expense (128) (55) (82) (265) — — 5 (d) 5 (128) (55) (77) (260) (16) Capitalized financing costs 6 11 — 17 — — — — 6 11 — 17 (17) Total Other Expense (28) (37) (141) (206) — — 123 123 (28) (37) (18) (83) (18) Income (Loss) Before Income Taxes (Benefits) 254 167 (180) 241 6 1 140 147 260 168 (40) 388 (19) Income taxes (benefits) 52 39 (42) 49 3 (a) (b) — (a) 29 (b)-(e) 32 55 39 (13) 81 (20) Net Income (Loss) $ 202 $ 128 $ (138) $ 192 $ 3 $ 1 $ 111 $ 115 $ 205 $ 129 $ (27) $ 307 (21) Income attributable to noncontrolling interest — 5 — 5 — — — — — 5 — 5 (22) Earnings (Loss) Attributable to FirstEnergy Corp. $ 202 $ 123 $ (138) $ 187 $ 3 $ 1 $ 111 $ 115 $ 205 $ 124 $ (27) $ 302 (23) Average Shares Outstanding 571 571 571 (24) Earnings (Loss) per Share $ 0.35 $ 0.22 $ (0.24) $ 0.33 $ 0.01 $ — $ 0.19 $ 0.20 $ 0.36 $ 0.22 $ (0.05) $ 0.53 Special Items (after-tax impact): (a) Regulatory charges $ — $ 1 $ — $ 1 (b) FE Forward cost to achieve 3 — 1 4 (c) Investigation and other related costs — — 10 10 (d) Debt related costs — — 97 97 (e) Exit of generation — — 3 3 Impact to Earnings $ 3 $ 1 $ 111 $ 115 Strategic & Financial Highlights – Published July 26, 202219

2nd Quarter 2021 (in millions, except for per share amounts) GAAP Special Items Operating (Non-GAAP) RD RT Corp FE RD RT Corp FE RD RT Corp FE (1) Electric sales $ 2,209 $ 411 $ (36) $ 2,584 $ 1 (a) $ — $ — $ 1 $ 2,210 $ 411 $ (36) $ 2,585 (2) Other 49 8 (19) 38 — — — — 49 8 (19) 38 (3) Total Revenues 2,258 419 (55) 2,622 1 — — 1 2,259 419 (55) 2,623 (4) Fuel 112 — — 112 — — — — 112 — — 112 (5) Purchased power 609 — 5 614 — — — — 609 — 5 614 (6) Other operating expenses 696 79 (57) 718 (2) (b) — (19) (b) (d) (21) 694 79 (76) 697 (7) Provision for depreciation 229 77 17 323 — — — — 229 77 17 323 (8) Amortization of regulatory assets, net 43 6 — 49 — — — — 43 6 — 49 (9) General taxes 192 62 10 264 — — — — 192 62 10 264 (10) DPA penalty — — 230 230 — — (230) (d) (230) — — — — (11) Total Operating Expenses 1,881 224 205 2,310 (2) — (249) (251) 1,879 224 (44) 2,059 (12) Operating Income (Loss) 377 195 (260) 312 3 — 249 252 380 195 (11) 564 (13) Miscellaneous income, net 88 11 9 108 — 5 (a) — 5 88 16 9 113 (14) Interest expense (131) (63) (93) (287) — — — — (131) (63) (93) (287) (15) Capitalized financing costs 11 10 — 21 — — — — 11 10 — 21 (16) Total Other Expense (32) (42) (84) (158) — 5 — 5 (32) (37) (84) (153) (17) Income (Loss) Before Income Taxes (Benefits) 345 153 (344) 154 3 5 249 257 348 158 (95) 411 (18) Income taxes (benefits) 71 37 (12) 96 — (a)-(c) (1) (a) (4) (b)-(d) (5) 71 36 (16) 91 (19) Net Income (Loss) $ 274 $ 116 $ (332) $ 58 $ 3 $ 6 $ 253 $ 262 $ 277 $ 122 $ (79) $ 320 (20) Average Shares Outstanding 544 544 544 (21) Earnings (Loss) per Share $ 0.51 $ 0.21 $ (0.61) $ 0.11 $ — $ 0.01 $ 0.47 $ 0.48 $ 0.51 $ 0.22 $ (0.14) $ 0.59 Special Items (after-tax impact): (a) Regulatory charges $ 1 $ 6 $ — $ 7 (b) FE Forward costs 1 — 1 2 (c) State tax legislative changes 1 — 8 9 (d) Investigation and other related costs — — 244 244 Impact to Earnings $ 3 $ 6 $ 253 $ 262 Strategic & Financial Highlights – Published July 26, 202220

2nd Quarter 2022 vs 2nd Quarter 2021 (in millions, except for per share amounts) GAAP Special Items Operating (Non-GAAP) RD RT Corp FE RD RT Corp FE RD RT Corp FE (1) Electric sales $ 165 $ 29 $ (1) $ 193 $ (1) $ 1 $ — $ — $ 164 $ 30 $ (1) $ 193 (2) Other 3 (7) 7 3 — — — — 3 (7) 7 3 (3) Total Revenues 168 22 6 196 (1) 1 — — 167 23 6 196 (4) Fuel 78 — — 78 — — — — 78 — — 78 (5) Purchased power 188 — — 188 — — — — 188 — — 188 (6) Other operating expenses 154 12 12 178 (3) — 2 (1) 151 12 14 177 (7) Provision for depreciation 13 10 2 25 — — — — 13 10 2 25 (8) Amortization (deferral) of regulatory assets, net (170) (8) — (178) (1) — — (1) (171) (8) — (179) (9) General taxes — (1) 1 — — — — — — (1) 1 — (10) DPA penalty — — (230) (230) — — 230 230 — — — — (11) Total Operating Expenses 263 13 (215) 61 (4) — 232 228 259 13 17 289 (12) Operating Income (Loss) (95) 9 221 135 3 1 (232) (228) (92) 10 (11) (93) (13) Debt redemption costs — — (118) (118) — — 118 118 — — — — (14) Miscellaneous income, net 6 (4) 50 52 — (5) — (5) 6 (9) 50 47 (15) Interest expense 3 8 11 22 — — 5 5 3 8 16 27 (16) Capitalized financing costs (5) 1 — (4) — — — — (5) 1 — (4) (17) Total Other Expense 4 5 (57) (48) — (5) 123 118 4 — 66 70 (18) Income (Loss) Before Income Taxes (Benefits) (91) 14 164 87 3 (4) (109) (110) (88) 10 55 (23) (19) Income taxes (benefits) (19) 2 (30) (47) 3 1 33 37 (16) 3 3 (10) (22) Net Income (Loss) $ (72) $ 12 $ 194 $ 134 $ — $ (5) $ (142) $ (147) $ (72) $ 7 $ 52 $ (13) (23) Income attributable to noncontrolling interest — 5 — 5 — — — — — 5 — 5 (24) Earnings (Loss) Attributable to FirstEnergy Corp. $ (72) $ 7 $ 194 $ 129 $ — $ (5) $ (142) $ (147) $ (72) $ 2 $ 52 $ (18) (25) Average Shares Outstanding 27 27 27 (26) Earnings (Loss) per Share $ (0.16) $ 0.01 $ 0.37 $ 0.22 $ 0.01 $ (0.01) $ (0.28) $ (0.28) $ (0.15) $ — $ 0.09 $ (0.06) Strategic & Financial Highlights – Published July 26, 202221

YTD June 2022 (in millions, except for per share amounts) GAAP Special Items Operating (Non-GAAP) RD RT Corp FE RD RT Corp FE RD RT Corp FE (1) Electric sales $ 4,906 $ 891 $ (76) $ 5,721 $ — $ 3 (a) $ — $ 3 $ 4,906 $ 894 $ (76) $ 5,724 (2) Other 109 3 (26) 86 — — — — 109 3 (26) 86 (3) Total Revenues 5,015 894 (102) 5,807 — 3 — 3 5,015 897 (102) 5,810 (4) Fuel 330 — — 330 — — — — 330 — — 330 (5) Purchased power 1,667 — 10 1,677 — — — — 1,667 — 10 1,677 (6) Other operating expenses 1,648 181 (113) 1,716 (6) (a) (b) — (26) (b) (c) (e) (32) 1,642 181 (139) 1,684 (7) Provision for depreciation 477 173 38 688 — — — — 477 173 38 688 (8) Deferral of regulatory assets, net (165) (1) — (166) (8) (a) — — (8) (173) (1) — (174) (9) General taxes 407 127 22 556 — — — — 407 127 22 556 (10) Total Operating Expenses 4,364 480 (43) 4,801 (14) — (26) (40) 4,350 480 (69) 4,761 (11) Operating Income (Loss) 651 414 (59) 1,006 14 3 26 43 665 417 (33) 1,049 (12) Debt redemption costs — — (156) (156) — — 156 (d) 156 — — — — (13) Miscellaneous income, net 179 13 74 266 — — — — 179 13 74 266 (14) Interest expense (257) (114) (169) (540) — — 7 (d) 7 (257) (114) (162) (533) (15) Capitalized financing costs 15 20 1 36 — — — — 15 20 1 36 (16) Total Other Expense (63) (81) (250) (394) — — 163 163 (63) (81) (87) (231) (17) Income (Loss) Before Income Taxes (Benefits) 588 333 (309) 612 14 3 189 206 602 336 (120) 818 (18) Income taxes (benefits) 121 80 (69) 132 4 (a) (b) 1 (a) 34 (b)-(f) 39 125 81 (35) 171 (19) Net Income (Loss) $ 467 $ 253 $ (240) $ 480 $ 10 $ 2 $ 155 $ 167 $ 477 $ 255 $ (85) $ 647 (20) Income attributable to noncontrolling interest — 5 — 5 — — — — — 5 — 5 (21) Earnings (Loss) Attributable to FirstEnergy Corp. $ 467 $ 248 $ (240) $ 475 $ 10 $ 2 $ 155 $ 167 $ 477 $ 250 $ (85) $ 642 (22) Average Shares Outstanding 571 571 571 (23) Earnings (Loss) per Share $ 0.82 $ 0.44 $ (0.43) $ 0.83 $ 0.02 $ — $ 0.27 $ 0.29 $ 0.84 $ 0.44 $ (0.16) $ 1.12 Special Items (after-tax impact): (a) Regulatory charges $ 6 $ 2 $ — $ 8 (b) FE Forward cost to achieve 4 — 1 5 (c) Investigation and other related costs — — 16 16 (d) Debt related costs — — 129 129 (e) Exit of generation — — 3 3 (f) Strategic transaction charges — — 6 6 Impact to Earnings $ 10 $ 2 $ 155 $ 167 Strategic & Financial Highlights – Published July 26, 202222

YTD June 2021 (in millions, except for per share amounts) GAAP Special Items Operating (Non-GAAP) RD RT Corp FE RD RT Corp FE RD RT Corp FE (1) Electric sales $ 4,525 $ 812 $ (70) $ 5,267 $ 27 (a) $ — $ — $ 27 $ 4,552 $ 812 $ (70) $ 5,294 (2) Other 103 12 (34) 81 — — — — 103 12 (34) 81 (3) Total Revenues 4,628 824 (104) 5,348 27 — — 27 4,655 824 (104) 5,375 (4) Fuel 230 — — 230 — — — — 230 — — 230 (5) Purchased power 1,323 — 9 1,332 — — — — 1,323 — 9 1,332 (6) Other operating expenses 1,424 146 (100) 1,470 (3) (b) — (42) (b) (d) (45) 1,421 146 (142) 1,425 (7) Provision for depreciation 455 158 33 646 — — — — 455 158 33 646 (8) Amortization of regulatory assets, net 130 11 — 141 — — — — 130 11 — 141 (9) General taxes 393 124 20 537 — — — — 393 124 20 537 (10) DPA penalty — — 230 230 — — (230) (d) (230) — — — — (11) Gain on sale of Yards Creek (109) — — (109) — — — — (109) — — (109) (12) Total Operating Expenses 3,846 439 192 4,477 (3) — (272) (275) 3,843 439 (80) 4,202 (13) Operating Income (Loss) 782 385 (296) 871 30 — 272 302 812 385 (24) 1,173 (14) Miscellaneous income, net 195 22 26 243 — 5 (a) — 5 195 27 26 248 (15) Interest expense (259) (124) (189) (572) — — — — (259) (124) (189) (572) (16) Capitalized financing costs 22 12 — 34 — — — — 22 12 — 34 (17) Total Other Expense (42) (90) (163) (295) — 5 — 5 (42) (85) (163) (290) (18) Income (Loss) Before Income Taxes (Benefits) 740 295 (459) 576 30 5 272 307 770 300 (187) 883 (19) Income taxes (benefits) 153 70 (40) 183 6 (a)-(c) (1) (a) 1 (b)-(d) 6 159 69 (39) 189 (20) Net Income (Loss) $ 587 $ 225 $ (419) $ 393 $ 24 $ 6 $ 271 $ 301 $ 611 $ 231 $ (148) $ 694 (21) Average Shares Outstanding 544 544 544 (22) Earnings (Loss) per Share $ 1.08 $ 0.41 $ (0.77) $ 0.72 $ 0.04 $ 0.01 $ 0.51 $ 0.56 $ 1.12 $ 0.42 $ (0.26) $ 1.28 Special Items (after-tax impact): (a) Regulatory charges $ 21 $ 6 $ — $ 27 (b) FE Forward costs 2 — 1 3 (c) State tax legislative changes 1 — 8 9 (d) Investigation and other related costs — — 262 262 Impact to Earnings $ 24 $ 6 $ 271 $ 301 Strategic & Financial Highlights – Published July 26, 202223

YTD June 2022 vs YTD June 2021 (in millions, except for per share amounts) GAAP Special Items Operating (Non-GAAP) RD RT Corp FE RD RT Corp FE RD RT Corp FE (1) Electric sales $ 381 $ 79 $ (6) $ 454 $ (27) $ 3 $ — $ (24) $ 354 $ 82 $ (6) $ 430 (2) Other 6 (9) 8 5 — — — — 6 (9) 8 5 (3) Total Revenues 387 70 2 459 (27) 3 — (24) 360 73 2 435 (4) Fuel 100 — — 100 — — — — 100 — — 100 (5) Purchased power 344 — 1 345 — — — — 344 — 1 345 (6) Other operating expenses 224 35 (13) 246 (3) — 16 13 221 35 3 259 (7) Provision for depreciation 22 15 5 42 — — — — 22 15 5 42 (8) Amortization (deferral) of regulatory assets, net (295) (12) — (307) (8) — — (8) (303) (12) — (315) (9) General taxes 14 3 2 19 — — — — 14 3 2 19 (10) Gain on sale of Yards Creek 109 — — 109 — — — — 109 — — 109 (11) Total Operating Expenses 518 41 (235) 324 (11) — 246 235 507 41 11 559 (12) Operating Income (Loss) (131) 29 237 135 (16) 3 (246) (259) (147) 32 (9) (124) (13) Debt redemption costs — — (156) (156) — — 156 156 — — — — (14) Miscellaneous income, net (16) (9) 48 23 — (5) — (5) (16) (14) 48 18 (15) Interest expense 2 10 20 32 — — 7 7 2 10 27 39 (16) Capitalized financing costs (7) 8 1 2 — — — — (7) 8 1 2 (17) Total Other Expense (21) 9 (87) (99) — (5) 163 158 (21) 4 76 59 (18) Income (Loss) Before Income Taxes (Benefits) (152) 38 150 36 (16) (2) (83) (101) (168) 36 67 (65) (19) Income taxes (benefits) (32) 10 (29) (51) (2) 2 33 33 (34) 12 4 (18) (20) Net Income (Loss) $ (120) $ 28 $ 179 $ 87 $ (14) $ (4) $ (116) $ (134) $ (134) $ 24 $ 63 $ (47) (21) Income attributable to noncontrolling interest — 5 — 5 — — — — — 5 — 5 (22) Earnings (Loss) Attributable to FirstEnergy Corp. $ (120) $ 23 $ 179 $ 82 $ (14) $ (4) $ (116) $ (134) $ (134) $ 29 $ 63 $ (42) (23) Average Shares Outstanding 27 27 27 (24) Earnings (Loss) per Share $ (0.26) $ 0.03 $ 0.34 $ 0.11 $ (0.02) $ (0.01) $ (0.24) $ (0.27) $ (0.28) $ 0.02 $ 0.10 $ (0.16) Strategic & Financial Highlights – Published July 26, 202224

Quarterly Support & Guidance Strategic & Financial Highlights – Published July 26, 2022 26. 2022 Key Priorities 27. 2022 Regulatory Calendar 28. TTM RD ROEs – by State 29. TTM Actual Sales by Class 30. TTM Weather-Adjusted Sales 31. TTM Weather Impacts 32. Credit Ratings Summary 33. Credit Profile 34. Debt Maturities Schedule Pension/OPEB Supplement Information 35. Pension/OPEB Summary 36. Pension/OPEB Cost (Credit) Details – 2022F TABLE OF CONTENTS (Slide) 37. Financial Guidance Overview 38. Sustainable Investment Plan (2021-2025) 39. Investment Plan Summary 40. Rate Base Summary 41. Targeting 6-8% Annual Operating EPS Growth 42. 2022 Operating EPS Guidance 43. 2021-2025 Financing Plan 44. 2021-2025 Cash Flow and Debt Projections 45. Dividend Overview 46. Long-Term Load Forecast 47. 2022 Guidance Sensitivities 48. 2021 GAAP to Operating (Non-GAAP) Earnings Reconciliation 49. 2022F GAAP to Operating (Non-GAAP) Earnings Reconciliation 50. 2021-2022 Special Items Descriptions 25

2022 Key Priorities Strategic & Financial Highlights – Published July 26, 2022 ■ Transform how we operate and enhance our organization – Simplify and implement best practices throughout our organization – Focus on customer experience – Improve organizational health and culture ■ Focus on performance excellence – Invest in innovation and continuous improvement – Utilize data and analytics to drive efficient and better outcomes – Focus on effective and efficient operations ■ Refocus our investment strategy – Reinvest capital efficiencies to support the energy transition – Focus on lowering operating costs to keep customer rates affordable – Improve cash from operations to enhance our credit profile ■ Working through various Ohio HB6 related proceedings ■ Preparing filings focused on sustainable investments that support the grid of the future and improve the customer experience – OH Grid Mod II (filed on 7/15/22) – NJ Medium-Heavy Duty EV Charging Program ■ Working towards settlement and/or resolution – NJ AMI plan (approved) – NJ Light-Duty EV charging program (approved) – WV Solar filing (approved) – WV ELG fling – PE, MP, WPP Tx Formula Rate Cases ■ Preparing for rate case activity – MD (early 2023) – WV (early 2023) – NJ (likely 2023) – OH (2024) ■ Operating EPS guidance range of $2.30 - $2.50(1) ■ Cash from Operations guidance of $2.6B - $3.0B ■ Investment plan of $3.3B ■ Annual Dividend of $1.56/sh, subject to Board approval ■ Close on FET minority interest sale and implement financing plan (closed on 5/31/22) ■ Focused on achieving investment-grade credit metrics and ratings; on track to meet ~13% FFO/Debt in 2023 ■ Continuing to build a more centralized and robust compliance organization under the leadership of the Chief Ethics and Compliance Officer ■ Updating and refining processes, policies and controls ■ Creating multiple channels for incident reporting and developing thorough and objective processes to investigate and address incidents of misconduct ■ Seeking continuous improvement by monitoring, benchmarking and independent assessment of the program ■ Integrating Governance, Risk, and Compliance tool to be a central repository for document management and case management Compliance Financial FE Forward Regulatory (1) See Slide 49 for GAAP to Non-GAAP earnings reconciliation 26

2022 Regulatory Calendar Select Proceedings Strategic & Financial Highlights – Published July 26, 2022 Jurisdiction Key Dates Ohio • DCR Audit (includes vendor payments, naming rights and agreement disclosure review(1)) • Corporate Separation Audit • DMR Review Audit • Political and Charitable Spend Audit • OH Grid Mod II Vendor payments report filed on 8/3/21; Naming rights report filed 11/19/21; Awaiting further PUCO action Audit Report filed 9/13/21; Evidentiary Hearing date to be determined Audit report filed on 1/14/22; Comments filed on 4/19/22 Marcum LLP selected by PUCO as third-party auditor Application filed 7/15/22 Pennsylvania • PA Management Audit • Default Service Program VI Filing (DSP VI) Final Report issued June 2022 Settlement filed 4/20/22; ALJ Recommended Decision 6/29/22 New Jersey • Light-Duty EV Charging Infrastructure Program • NJ BPU Management Audit Settlement approved by the BPU on 6/8/22 Phase II Report being drafted West Virginia • Solar Generation Projects Proceeding • ELG Environmental Compliance Projects Proceeding • Interim ENEC Rate Increase Order issued 4/21/22; 85% subscription needed before construction and Commission approval of surcharge Filed 12/17/21; Hearings 8/10 & 8/11/22 Filed 3/14/22; Order issued 5/17/22 approving $94M increase Maryland • Commission Investigation into Ohio-Related Activities Comments from other parties filed 2/18/22 Responses filed 3/11/22; Surreply filed 4/7/22 FERC • FERC Audit • WPP, MP, and PE Transmission Formula Rate Settlement Discussions • OCC v ATSI, Complaint regarding ROE Adder Report filed 2/4/22; Compliance Phase Ongoing Ongoing Ongoing (1) Agreement disclosure review is stayed 27

RD Segment – State ROEs TTM 6/30/2022 Strategic & Financial Highlights – Published July 26, 2022 Key Common Regulatory Adjustments ■ Actual revenue, not weather normalized ■ Income taxes calculated using statutory rates, consistent with practice used in base rate case filings ■ Pension/OPEB (i.e., expected return in assets, interest costs) adjusted for jurisdictional ratemaking treatment ROE Projections Absent base rate increases, ROEs for most jurisdictions expected to decrease: ■ Growth in rate base and associated expenses due to incremental capital investments ■ Projected increase in equity capitalization rates due to deployment of equity financing proceeds ■ Accounting changes(3) – capital to expense: – Vegetation management (~$90M annual) – Corporate support (~$60M annual) (1) Calculated using allowed capital structure for OH, actual capital structure for PA, WV & MD and actual capital structure for NJ (adjusted for Goodwill) – consistent methodology as the last base rate case and/or quarterly earnings reports, as applicable (2) Includes generation and transmission (3) Amounts estimated, rounded to the nearest $10M and assumed in 2022 earnings guidance; corporate support subject to completion of time study Rate base at 6/30/22 $4.1B $6.1B $2.9B $3.2B $0.5B Equity/Total Capitalization(1) 49% 53% 50% 46% 53% ROE EPS Sensitivity +/- 1% ~$0.03 ~$0.05 ~$0.02 ~$0.03 ~$0.01 11.1% 8.9% 7.4% 7.9% 8.7% 8.7% 8.1% 7.1% 7.6% 7.3% 0% 5% 10% 15% OH PA NJ WV MD (2) TTM Pro forma ROE (includes 12 months of accounting changes(3) and 2022 Ohio rate credits) Actual TTM ROE (includes 6 months of accounting changes and 2022 Ohio rate credits) 28

(MWh in thousands) 3Q20 3Q21 4Q20 4Q21 1Q21 1Q22 2Q21 2Q22 TTM 2Q21 TTM 2Q22 Residential 16,091 15,652 12,919 12,735 14,890 15,213 12,347 12,146 56,247 55,746 Commercial 9,589 9,785 8,495 8,594 8,631 9,291 8,590 8,716 35,305 36,385 Industrial 13,560 14,018 12,916 13,368 13,257 13,583 13,384 13,711 53,117 54,680 Total 39,240 39,455 34,330 34,697 36,778 38,087 34,321 34,573 144,669 146,812 Sales by Class Percent change vs. prior year Strategic & Financial Highlights – Published July 26, 2022 Commercial includes street lighting -2.7% -1.4% 2.2% -1.6% -0.9% 2.0% 1.2% 7.6% 1.5% 3.1% 3.4% 3.5% 2.5% 2.4% 2.9% 0.5% 1.1% 3.6% 0.7% 1.5% 3Q21 4Q21 1Q22 2Q22 TTM Residential Commercial Industrial Total 29

(MWh in thousands) 3Q20 3Q21 4Q20 4Q21 1Q21 1Q22 2Q21 2Q22 TTM 2Q21 TTM 2Q22 Residential 15,157 15,200 13,418 13,220 15,397 15,170 11,861 11,796 55,833 55,386 Commercial 9,360 9,672 8,631 8,753 8,853 9,265 8,466 8,627 5,310 36,317 Industrial 13,533 14,018 12,942 13,368 13,258 13,583 13,384 13,711 53,117 54,680 Total 38,050 38,890 34,991 35,341 37,508 38,018 33,711 34,134 144,259 146,383 Weather-Adjusted Sales by Class Percent change vs. prior year Strategic & Financial Highlights – Published July 26, 2022 l Commercial includes street lighting 0.3% -1.5% -1.5% -0.6% -0.8% 3.3% 1.4% 4.7% 1.9% 2.9% 3.6% 3.3% 2.5% 2.4% 2.9% 2.2% 1.0% 1.4% 1.3% 1.5% 3Q21 4Q21 1Q22 2Q22 TTM Residential Commercial Industrial Total 30

Weather Impacts Strategic & Financial Highlights – Published July 26, 2022 0 100 200 300 400 500 1,400 1,150 900 650 400 150 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 HDD CDD HDD Norm CDD Norm OH PA NJ WV MD Total Days % Days % Days % Days % Days % Days % 2Q22 HDD vs Normal -46 -7% 2 0% -44 -9% 8 2% 9 2% -21 -4% HDD vs 2Q21 -52 -8% -37 -6% 0 0% -82 -14% 5 1% -37 -6% CDD vs Normal 92 37% 0 0% 40 12% 33 12% -19 -5% 40 15% CDD vs 2Q21 9 3% -43 -15% -42 -10% 15 5% -45 -12% -20 -6% 31

■ On July 22, 2022, Fitch issued one-notch upgrades on FE, FET, and all subsidiaries. • All companies are now investment grade with a Stable outlook ■ On November 8, 2021, Moody’s changed FE’s outlook to Positive from Stable • Outlook changed at OE to Stable from Negative ■ On November 8, 2021, S&P issued one- notch upgrade for FE and all subsidiaries • Outlook changed on FE, FET, and all subsidiaries to Stable from CreditWatch Positive Credit Ratings As of July 22, 2022 Strategic & Financial Highlights – Published July 26, 2022 Most recent ratings actions 32 S&P Moody's Fitch S&P Moody's Fitch S&P Moody's Fitch S&P Moody's Fitch FirstEnergy Corp. (*) BBB- Ba1 BBB- BB+ Ba1 BBB- S P S Allegheny Generating Co. BB+ Baa2 BBB S S S American Transmission Systems Inc. BBB A3 BBB BBB A3 BBB+ S S S Cleveland Electric Illuminating BBB Baa2 BBB A- A3 A- BBB Baa2 BBB+ S N S FirstEnergy Transmission (*) BBB- Baa2 BBB- BB+ Baa2 BBB- S S S Jersey Central Power & Light BBB A3 BBB BBB A3 BBB+ S S S Metropolitan Edison BBB A3 BBB BBB A3 BBB+ S S S Mid-Atlantic Interstate Transmission BBB A3 BBB BBB A3 BBB+ S S S Monongahela Power BBB Baa2 BBB A- A3 A- BBB Baa2 S S S Ohio Edison BBB A3 BBB A- A1 A- BBB A3 BBB+ S S S Pennsylvania Electric BBB Baa1 BBB BBB Baa1 BBB+ S S S Pennsylvania Power BBB A3 BBB A- A1 S S S Potomac Edison BBB Baa2 BBB A- A3 A- S S S Toledo Edison BBB Baa1 BBB A- A2 A- S N S Trans-Allegheny Interstate Line Co. BBB A3 BBB BBB A3 BBB+ S S S West Penn Power BBB A3 BBB A- A1 A- S S S S = Stable (*) = holding company P = Positive Shaded cells reflect non-investment grade ratings N = Negative Ratings are not recommendations to buy, sell, or hold securities. Ratings are subject to change or withdrawal at any time by the credit rating agencies. Issuer/Corporate Family Senior Secured Senior Unsecured Outlook/Watch

Credit Profile As of July 25, 2022 Strategic & Financial Highlights – Published July 26, 2022 (1) S&P could raise the ratings on FE and its subsidiaries over the next 12-24 months if FE maintains FFO to debt of consistently above 12% or improves its management and governance. This could occur if FE reduces its leverage and demonstrates it can effectively manage its regulatory risk on a consistent basis. (6/24/22 Credit Opinion) (2) Moody’s rating upgrade could be considered if the regulatory environments in all of FE’s jurisdictions remain stable and FE demonstrates more of a track record of implementing corporate governance and internal control changes and continues to improve its risk profile, both from a financial and corporate governance standpoint. Also, if FE’s financial metrics improve, including CFO pre-WC to debt above 12%, a rating upgrade could be possible. (5/27/22 Credit Opinion) FE Corp: 2.5x interest coverage ratio FET, LLC: 75% debt-to-capitalization ratio Utilities & Transmission Companies: 65% debt-to-capitalization ratio FE Corp & FET, LLC $1,000M OH $800M PA $950M NJ $500M WV & MD $400M Tx Op Co's $850M Total: $4.5B ▪ On track to meet 13% FFO-to-Debt in 2023; targeting mid- teens thereafter ▪ 2021-2025 Financing plan results in ~22% FE Corp. HoldCo % of total Balance Sheet debt by 2025 ▪ Long-term aspiration to be a BBB company BB+, Stable Outlook 12% FFO/Debt upgrade threshold(1) Ba1, Positive Outlook 12% CFO pre-WC/Debt upgrade threshold (2) BBB-, Stable Outlook 5.5x FFO Leverage upgrade threshold Focused on Investment-Grade ratings All Utilities and Transmission Companies are Investment-Grade at all 3 Rating Agencies Strong Liquidity ▪ Available Liquidity: $4.5B, includes ~$200M of cash and cash equivalents ▪ $4.5B Revolving credit facilities; committed through October 18, 2026 ✓ In compliance with bank covenants 33

Consolidated Long-Term Debt Maturities As of June 30, 2022 Strategic & Financial Highlights – Published July 26, 2022 $20.7B FACE VALUE AVG RATES FEU FET CORP 4.54% 4.01% 4.15% AVG LENGTH FEU FET CORP 12yrs 11yrs 12yrs $M Excludes securitization bonds 3 0 0 1 ,2 0 0 4 5 0 6 5 0 4 5 0 7 7 5 1 ,0 0 5 3 0 0 7 0 0 1 2 5 8 5 0 6 0 0 5 2 5 1 0 0 6 0 0 2 0 0 2 9 5 2 5 5 3 7 5 5 0 4 5 1 0 0 5 0 2 5 0 1 ,2 2 5 7 5 1 ,1 0 0 1 0 0 1 0 0 8 7 5 1 2 5 8 0 0 7 5 5 0 0 3 0 0 3 0 0 1 ,5 0 0 1 ,0 5 0 7 8 5 7 1 6 8 5 0 - 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2 5 2 0 2 6 2 0 2 7 2 0 2 8 2 0 2 9 2 0 3 0 2 0 3 1 2 0 3 2 2 0 3 4 2 0 3 5 2 0 3 6 2 0 3 7 2 0 3 8 2 0 4 0 2 0 4 3 2 0 4 4 2 0 4 5 2 0 4 6 2 0 4 7 2 0 4 8 2 0 4 9 2 0 5 0 2 0 5 1 2 0 5 6 2 0 5 9 FEU FET FE Corp. 34

Pension/OPEB Summary 2020-2022F Financial Impacts Strategic & Financial Highlights – Published July 26, 202235 Pre-Tax $M, except EPS 2020 2021 2022F Service Cost (post-capitalization) $99 $97 $100 Interest Cost 302 237 280 EROA (651) (688) (695) Amort. of Prior Cost (Credit) (34) (14) (5) Net Periodic Benefit Costs (Credits) - Non-GAAP ($284) ($368) ($320) Illustrative EPS Impact (Credit) - Non-GAAP ~($0.35) ~($0.45) ~($0.40) Mark-to-Market (Gain) / Loss 477 (382) 2022 mark-to-market will be recognized at YE 2022; impact excluded from Non-GAAP resultsOne-Time Termination Benefits 8 - Net Periodic Benefit Costs (Credits) - GAAP $201 ($750) Income Statement Impacts $B 2020 2021 6/30/22 Key Impacts PBO $11.5 $11.0 $8.8 Benefits paid, Interest/Service costs, Actuarial loss/gain Total Assets $9.0 $9.0 $7.4 Benefits paid, ROA, Cash contributions Underfunded Amount $2.5 $2.0 $1.4 Funded Status 78% 82% 84% ROA, Actuarial loss/gain, Cash contributions Funded Status – Qualified Pension Notes: Service cost capitalization rate of 50%, 51%, and 47% in 2020-2022, respectively 2022F discount rate of 2.4% (weighted-average discount rate used to calculate interest cost) ROA 14.8% 7.6% -15% Discount Rate (PBO) 2.7% 3.0% 4.8% This page is intended to provide a historical view of past pension disclosures 6-8% Long-term EPS growth forecast did not assume any pension/OPEB-related EPS growth (~flat at 2022 credit amount) Qualified pension funded status has improved to 84% YTD No expected cash contribution requirements through 2024 (assuming 4.8% discount rate and 7.5% EROA in 2023 & beyond) Impacts of 2022 actual ROA vs. EROA and changes to the discount rate are trued up in the YE 2022 MTM and are used to calculate the 2023 Net Cost (Credit) Notes Benefits accrued during the year Beg. year PBO x discount rate (DR) for interest cost 7.5% EROA on Beg. year Assets Assumes 571M shares and 22% ETR in all years

Pension/OPEB Cost (Credit) Details 2022F by Segment Strategic & Financial Highlights – Published July 26, 202236 $M RD RT Corp FE Cons Service Cost, post-capitalization $85 $5 $10 $100 Interest Cost 210 15 60 280 Expected Return on Assets (560) (35) (100) (695) Amort. of Prior Cost (Credit) / Other 5 (10) - (5) Net Periodic Benefit Costs (Credits) - Non-GAAP ($265) ($25) ($30) ($320) Mark-to-Market (Gain) / Loss Net Periodic Benefit Costs (Credits) - GAAP ($265) ($25) ($30) ($320) Formula Rate Deferral for Future Recovery - 25 - 25 Pre-Tax P&L Impact (Income) ($265) $- ($30) ($295) EPS Impact (Credit) ($0.36) $- ($0.04) ($0.40) Recovery includes a 2-yr delayed impact from annual MTM adjustments (i.e. 2020 adjustment reflected in 2022 recovery) RD: Current recovery mechanisms vary by state RT: Formula rates provide mechanisms to recover or pass-back changes in pension expenses and credits, resulting in no earnings impact Corp: Reflects legacy competitive operations; Service company amounts are allocated to the RD and RT segments NJ/WV/MD: Service costs, non-service costs/credits, and amortization of cumulative net actuarial losses from MTM adjustments OH: Pension/OPEB service costs PA: 10-yr avg. of past Pension cash contributions; OPEB service costs

6 % 55-65% 13%6-8% Financial Guidance Overview Long-Term Operating EPS Growth (Average Annual) Rate Base Growth through 2025 (Average Annual) Dividend Policy: Targeted Payout Ratio FFO-to-Debt Target (expect in 2023) LONG-TERM GUIDANCE 1.56/SH $2.30 - $2.50/sh 2022 Operating EPS Guidance(2) 2022 Investment Plan 2022 Dividend (subject to Board approval) 2022 GUIDANCE 3.3B 2022 Cash From Operations Guidance Sustainable Investment Plan 2021-2025 17B No Equity Needs(1) SIP/DRIP programs up to ~$100M/year $2.6 - $3.0 B (1) No equity needs beyond completed $3.4B transactions (announced in 2021) (2) See Slide 49 for GAAP to Non-GAAP earnings reconciliation Strategic & Financial Highlights – Published July 26, 202237

Sustainable Investment Plan (2021-2025) (1) Includes capital-like investments that earn a return (2) Subject to future regulatory approvals Note: Does not include JCP&L’s proposal to support NJ offshore wind projects To strengthen the grid and enable the energy transition Plan includes $10B+ of sustainable investments ~ $17B Grid Modernization & Resiliency: $8.6B ▪ OH Grid Modernization supporting distribution automation and volt/var optimization ▪ Rebuilding critical infrastructure in PA ▪ Hardening and making our transmission system more resilient through Energizing the Future Conservation & Clean Energy Transition Enablement (1): $1.7B ▪ Two-thirds of our total customers will have smart meters by 2025(2) ▪ 100% of streetlights owned by FE converted to smart LEDs by 2030(2) ▪ EV Charging Station pilots ongoing in MD and NJ ▪ Pursuing 50MW blocks of solar capacity in WV ▪ Transmission upgrades to support incremental renewable generation ▪ Energy efficiency programs that help customers achieve cumulative reductions in electricity savings in excess of 7.5 million MWh between 2021 and 2025 Customer-Centric Growth (1): $6.5B ▪ Base reliability investments ▪ Vegetation management in WV ▪ Focus on economic development by attracting new business 60%+ Sustainable Investments 51% 10% 39% Grid Mod & Resiliency Conservation & Clean Energy Transition Customer-Centric Growth Strategic & Financial Highlights – Published July 26, 202238

Investment Plan Summary (2021-2025) ~$17B investment plan to strengthen the grid and enable the energy transition Increasing the percentage of formula rate investments; Targeting ~75% in 2025 Plan includes higher RT investments and refocused RD spend through FE Forward Notes: Includes capital-like investments that earn a return Numbers rounded to nearest $100M We expect to update the forecast over the period for items such as regulatory filings and approvals, and other changes $1.7 $1.8 $1.7 $1.8 $1.8 $1.1 $1.5 $1.6 $1.7 $1.8$0.09 $0.07 $0.05 $0.05 $0.05 2021A 2022F 2023F 2024F 2025F Corp/Other RT RD ~$3.3B $2.9B ~$3.4B ~$3.5B ~$3.6B $B % Formula ~65% ~70% ~70% ~75% ~75% Strategic & Financial Highlights – Published July 26, 202239

Rate Base Summary (2021-2025) Notes: Includes capital-like investments that earn a return We expect to update the forecast over the period for items such as regulatory filings and approvals, and other changes $B $16.2 $17.0 $17.6 $18.1 $18.7 $8.1 $8.9 $9.6 $10.6 $11.4 2021A 2022F 2023F 2024F 2025F RD RT ~$26B $24.3B ~$27B ~$29B ~$30B Strong rate base growth driven by ~$17B investment plan to strengthen the grid and enable the energy transition Rate Base growth excludes increasing CWIP balances of ~$1B to ~$2B that earn AFUDC Strategic & Financial Highlights – Published July 26, 202240

Targeting 6-8% Annual Operating EPS Growth Key Drivers to consider over time ▪ Investments & new rates ▪ Optimized operating expenses ▪ Customer demand and load trends (economy, electrification, post-pandemic impacts) ▪ Pension (asset performance & interest rates) ▪ Economic factors (GDP, inflation, interest rates) 2022 2023 2024 2025 Annually Post-2025 Long-Term Earnings Growth (Illustrative) +6-8% Targeted Operating EPS midpoint of ~$2.55-$2.60 $2.40/sh Strategic & Financial Highlights – Published July 26, 202241

2022 Operating EPS(1) Guidance 2021A Operating EPS(2) (545M shares) 2022 Guidance Range: $2.30 - $2.50 2022F Operating EPS Midpoint(2) (571M shares) (1) See Slide 3 for information on Non-GAAP Financial Matters (2) See Slides 48-49 or GAAP to Non-GAAP earnings reconciliation (3) Includes impact of $2.4B FET minority interest sale (closed 5/31/22) and $1B common equity issuance in December 2021 $2.60 2021 Revised Guidance Range $2.55 - 2.65 2022 Operating EPS Guidance range of $2.30 - $2.50 2021 Original Guidance Range $2.40 - 2.60 Note: 2022F ETR: Consolidated 21-24% 2021A ETR: Consolidated 20.5% RD 21% RT 23% ($0.30) $0.80 $1.90 $2.40 (midpoint) Regulated Distribution Regulated Transmission Corp/Other Key Segment Drivers RD RT Corp + + + Investments + + FE Forward - Ohio rate credits - Accounting policy changes - - + Equity financing transactions(3) ($0.48) $0.83 $2.25 Operating EPS Segment Ranges RD $1.84 – $1.96 RT $0.78 – $0.82 Corp ($0.32) – ($0.28) FE $2.30 – $2.50 Drivers unique to 2022 Strategic & Financial Highlights – Published July 26, 202242

2021-2025 Financing Plan ($B) Strategic & Financial Highlights – Published July 26, 2022 ~30% of investments funded with debt; allows for improved utility capital structures and stronger credit profiles prior to more active rate proceedings $2.4B FET minority interest sale (closed 2Q22) $1B common equity (closed in Dec. ‘21) $155M Yards Creek (closed in Mar. ‘21) FE Corp $850M (Jan. ‘22) $1.5B (Jun ‘22) Ohio utilities CEI $150M (Mar. ‘22) TE $25M (Feb. ‘22) Includes new debt issuances of $1.6B in ’21 and $0.6B in ’22 2022 Debt Financing Plan Refinance Total OE - $300M PP $100M $150M WPP $100M $300M Notes: 2021 debt financings included new debt of $500M at FET, LLC ~$15.7 ~$5.3 Results in ~22% FE Corp. HoldCo % of total Balance Sheet debt by 2025 ($5.5B of $25.0B) ~$3.5 ~($2.5) ~($17.0) ~$5.0 Cash Available For Common Dividend Growth, Minority Interest Distributions, and Other Deployment During this period, ~$5B of cash available for common dividend growth, minority interest distributions, and other deployment 43

2021-2025 Cash Flow & Debt Projections ($B) Strategic & Financial Highlights – Published July 26, 2022 Investment-grade credit profile supports ~$17B investment plan and sustainable earnings growth; on track to meet ~13% FFO/Debt in 2023 Cash From Operations growth is primarily driven by continued formula investments and in line with earnings growth $1.4 $2.8 $2.8 $3.1 $3.4 $3.6 2020 2021 2022 2023 2024 2025 Projected Cash From Operations 2020 2021 2022 2023 2024 2025 Balance Sheet Debt (YE): $24.5B $23.9B $21.7B $22.9B $24.0B $25.0B Primary Drivers (2021-2025) ■ RT formula investments ■ RD formula investments and new rates ■ Regulatory accounting changes ■ FE Forward efficiencies ■ 2021 non-recurring, HB6 related costs Notes: 2020 Cash from Operations includes settlement agreement and tax sharing payments to the FES debtors of ($978M) upon their emergence from bankruptcy on February 27, 2020 2020 Balance Sheet Debt includes $2.2B of short-term borrowings that were repaid in 2021 2021 Cash from Operations includes ~$300M of non-recurring costs, including the $230M payment under the Deferred Prosecution Agreement and investigation-related costs Balance Sheet Debt amounts do not include rating agency adjustments such as unfunded pension liability (expected to decrease assuming annual EROA of 7.5% and/or higher interest rates) Numbers rounded to the nearest $100M and assume midpoint of current forecast, which includes a range for expected cash flows of +/- 10% vs. midpoint for 2023-2025 2022 guidance range: $2.6 - $3.0B 44

Dividend Overview Dividend payments are subject to declaration by the Board of Directors, which will consider the risks and uncertainties of the government investigations, among other matters $1.44/sh $1.52/sh $1.56/sh $1.56/sh $1.56/sh 2014-2018 2019 2020 2021 2022F Annual Dividends Per Share Expected Payout Ratio: 65%60% ■ Dividend yield of ~4% (as of 7/25/2022) ■ Sustained commitment to a strong dividend ■ Goal to resume dividend growth within the payout ratio, as earnings increase from 2022 base year Dividend Policy: 55-65% Targeted payout ratio Strategic & Financial Highlights – Published July 26, 202245

Long-Term Load Forecast Weather-Adjusted; M MWHs (1) Commercial includes street lighting ’21A ‘22F ‘23F ‘24F ‘25F Total 145 148 148 150 149 Res 56 55 54 55 54 Com 36 37 36 36 36 Ind 54 57 58 59 59 Residential ’21A ‘22F% Chg 56 55 -1% 18 17 -2% 19 19 -1% 6 6 - 10 10 -2% 3 3 - Commercial(1) ’21A ‘22F% Chg 36 37 2% 14 14 4% 8 8 1% 4 4 - 8 8 2% 2 2 1 Industrial ’21A ‘22F% Chg 54 57 5% 20 21 8% 24 25 2% 7 7 6% 2 2 5% 1 2 7% Note: Numbers may not add down and/or across due to rounding Total ’21A ‘22F % Chg Total 145 148 2% OH 51 53 3% PA 52 52 1% WV 16 17 3% NJ 20 20 1% MD 7 7 1% ‘19A 147 54 38 56 Key Assumptions (embedded into load forecast) ■ Structural shift between Res and Com driven by workplace flexibility – Lower demand for office space and higher demand for homes and larger home space ■ Strong Industrial sales growth annually of ~1-5% through 2025 – New customers / expansions driving growth for Primary Metals, Shale, Chemical sectors – WV oil & gas growth ~8% ■ Minimal EV penetration through 2025 Key Drivers to consider over time ■ Economic factors ■ Energy efficiency adoption and mandate changes ■ Customer growth ■ Accelerated electrification (i.e., electric vehicles) ■ Distributed generation adoption ■ Post-pandemic impacts ~3% increase in total load (2025 vs. 2021) Strategic & Financial Highlights – Published July 26, 202246

2022 Guidance Sensitivities RD Segment ■ ~80-90% of Commercial and Industrial revenues are based on fixed charges ■ Residential class is more sensitive to changes in volume due to a higher percentage of volume-based revenues Weather Impact on Residential/Commercial Sales Volumes + / - 80 HDD vs. normal (Dec-Mar) ~$0.01/share + / - 26 CDD vs. normal (June-Sept) ~$0.01/share Estimated Impact of Annual Retail Sales Volumes + / - 1% Change in Residential Deliveries ~$0.03/share + / - 1% Change in Commercial Deliveries ~$0.01/share + / - 1% Change in Industrial Deliveries < $0.01/share 17% 81% 91% 41% 83% 19% 9% 61% Res. Com. Ind. Total Non-Energy Based Volumetric 2021 Annual Base Distribution Revenues Strategic & Financial Highlights – Published July 26, 202247

2021 GAAP to Operating (Non-GAAP) Earnings(1) Reconciliation Strategic & Financial Highlights – Published July 26, 2022 (1) Operating earnings exclude special items as described in the reconciliation table above and is a non-GAAP financial measure. Per share amounts for the special items above are based on the after-tax effect of each item divided by the number of shares outstanding for the period. The current and deferred income tax effect was calculated by applying the subsidiaries' statutory tax rate to the pre-tax amount if deductible/taxable. The income tax rates range from 21% to 29%. 2021 Actual (In $M, except per share amounts) Regulated Distribution Regulated Transmission Corporate/ Other FirstEnergy Consolidated 2021A Earnings Attributable to FirstEnergy Corp. (GAAP) $1,288 $408 ($413) $1,283 2021A Earnings (Loss) Per Share (545M shares) $2.36 $0.75 ($0.76) $2.35 Excluding Special Items: Regulatory Charges $0.22 $0.08 – $0.30 Asset Impairments – – $0.01 $0.01 Exit of Generation $0.02 – ($0.21) ($0.19) State Tax Legislative Changes – – $0.02 $0.02 Investigation and Other Related Costs – – $0.58 $0.58 FE Forward Cost to Achieve $0.01 – – $0.01 Mark-to-market adjustments – Pension/OPEB actuarial assumptions ($0.36) – ($0.12) ($0.48) Total Special Items ($0.11) $0.08 $0.28 $0.25 2021A Operating Earnings (Loss) Per Share – Non-GAAP (545M shares) $2.25 $0.83 ($0.48) $2.60 48

2022F GAAP to Operating (Non-GAAP) Earnings(1) Reconciliation Strategic & Financial Highlights – Published July 26, 2022 (1) Operating earnings exclude special items as described in the reconciliation table above and is a non-GAAP financial measure. Per share amounts for the special items above are based on the after-tax effect of each item divided by the number of shares outstanding for the period. The current and deferred income tax effect was calculated by applying the subsidiaries' statutory tax rate to the pre-tax amount if deductible/taxable. The income tax rates range from 21% to 29%. 2022F 3Q22F (In $M, except per share amounts) Regulated Distribution Regulated Transmission Corporate/ Other FirstEnergy Consolidated FirstEnergy Consolidated 2022F Earnings Attributable to FirstEnergy Corp. (GAAP) $1,040 – $1,110 $445 – $470 ($245) – ($225) $1,240 – $1,355 $400 – $455 2022F Earnings (Loss) Per Share (571M shares) $1.82 – $1.94 $0.78 – $0.82 ($0.43) – ($0.39) $2.17 – $2.37 $0.70 – $0.80 Excluding Special Items: Regulatory Charges $0.01 – - $0.01 – Debt-Related Costs – – $0.23 $0.23 – Strategic Transaction Charges – – $0.01 $0.01 – FE Forward Cost to Achieve $0.01 – – $0.01 – Investigation and Other Related Costs (Credits) – – ($0.13) ($0.13) – Total Special Items $0.02 $- $0.11 $0.13 $- 2022F Operating Earnings (Loss) Per Share – Non-GAAP (571M shares) $1.84 – $1.96 $0.78 – $0.82 ($0.32) – ($0.28) $2.30 – $2.50 $0.70 – $0.80 49

2021-2022 Special Items(1) (1) Special items represent charges incurred or benefits realized that management believes are not indicative of, or may obscure trends useful in evaluating the company’s ongoing core activities and results of operations or otherwise warrant separate classification. Special items are not necessarily non-recurring. ■ Regulatory Charges – Primarily reflects the impact of regulatory agreements, proceedings, audits, concessions or orders requiring certain commitments, refunds, and/or disallowing the recoverability of costs, net of related credits. ■ Debt-Related Costs – Primarily reflects costs associated with the redemption and early retirement of debt and amendments to revolving credit facilities. ■ Asset Impairments – Primarily reflects charges resulting from non-cash asset impairments. ■ Exit of Generation – Primarily reflects charges or credits resulting from the exit of competitive operations, including retired generation facilities and adjustments related to the Energy Harbor bankruptcy settlement, and restructuring and strategic review costs. ■ State Tax Legislative Changes – Primarily reflects charges resulting from state tax legislative changes. ■ Strategic Transaction Charges – Primarily reflects the remeasurement of certain deferred tax assets associated with the FET minority asset sale. ■ FE Forward Cost to Achieve – Primarily reflects certain advisory costs incurred to transform the Company for the future. ■ Investigation and Other Related Costs (Credits) – Primarily reflects the DPA penalty, litigation settlements and reserves, and other legal and advisory expenses related to the government investigations. ■ Mark-to-market adjustments: Pension/OPEB actuarial assumptions – Primarily reflects the change in fair value of plan assets and net actuarial gains and losses associated with the Company's pension and other postemployment benefit plans. Strategic & Financial Highlights – Published July 26, 202250