Exhibit 21.4



                      JERSEY CENTRAL POWER & LIGHT COMPANY
                         SUBSIDIARIES OF THE REGISTRANT
                              AT DECEMBER 31, 2002



                                                                  STATE OF
   NAME OF SUBSIDIARY                      BUSINESS             ORGANIZATION
   ------------------                      --------             ------------


JCP&L PREFERRED CAPITAL, INC.        SPECIAL-PURPOSE FINANCE      DELAWARE
  JCP&L CAPITAL, L.P.                SPECIAL-PURPOSE FINANCE      DELAWARE

  JCP&L TRANSITION FUNDING LLC       SPECIAL-PURPOSE FINANCE      DELAWARE


Note:  JCP&L, along with its affiliates Met-Ed and Penelec, collectively own all
       of the  common  stock  of  Saxton  Nuclear  Experimental  Corporation,  a
       Pennsylvania  nonprofit  corporation  organized for nuclear  experimental
       purposes  which  is now  inactive.  The  carrying  value  of the  owners'
       investment has been written down to a nominal value.