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Segment Information
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

FirstEnergy's reportable segments are as follows: Regulated Distribution, Regulated Transmission, and CES.

Financial information for each of FirstEnergy’s reportable segments is presented in the tables below. FES does not have separate reportable operating segments.

The Regulated Distribution segment distributes electricity through FirstEnergy’s ten utility operating companies, serving approximately six million customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York, and purchases power for its POLR, SOS, SSO and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland. This segment also includes regulated electric generation facilities located primarily in West Virginia, Virginia and New Jersey that MP and JCP&L, respectively, own or contractually control. The segment's results reflect the commodity costs of securing electric generation and the deferral and amortization of certain fuel costs. As of June 30, 2016, this business segment controlled 3,790 MWs of generating capacity.
The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by ATSI, TrAIL, and certain of FirstEnergy's utilities (JCP&L, ME, PN, MP, PE and WP). This segment also includes the regulatory asset associated with the abandoned PATH project. The segment's revenues are primarily derived from forward-looking rates at ATSI and TrAIL, as well as fixed rates at certain of FirstEnergy’s utilities. Both the forward-looking and fixed rates recover costs and provide a return on transmission capital investment. Under the forward-looking rates, each of ATSI's and TrAIL’s revenue requirement is updated annually based on a projected rate base and projected costs, subject to annual true-up. Except for the recovery of the PATH abandoned project regulatory asset, the segment's revenues are primarily from transmission services provided to LSEs pursuant to the PJM Tariff. The segment's results also reflect the net transmission expenses related to the delivery of electricity on FirstEnergy's transmission facilities.
The CES segment, through FES and AE Supply, primarily supplies electricity to end-use customers through retail and wholesale arrangements, including competitive retail sales to customers primarily in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland, and the provision of partial POLR and default service for some utilities in Ohio, Pennsylvania and Maryland, including the Utilities. As of June 30, 2016, this business segment controlled 13,162 MWs of generating capacity. The CES segment’s net income is primarily derived from electric generation sales less the related costs of electricity generation, including fuel, purchased power and net transmission (including congestion) and ancillary costs and capacity costs charged by PJM to deliver energy to the segment’s customers.
Corporate support and other businesses that do not constitute an operating segment, interest expense on stand-alone holding company debt and corporate income taxes are categorized as Corporate/Other for reportable business segment purposes. Additionally, reconciling adjustments for the elimination of inter-segment transactions are included in Corporate/Other. As of June 30, 2016, Corporate/Other had $4.2 billion of stand-alone holding company long-term debt, of which 28% was subject to variable-interest rates, and $2.8 billion was borrowed by FE under its revolving credit facility.
Segment Financial Information

For the Three Months Ended
 
Regulated Distribution
 
Regulated Transmission
 
Competitive Energy Services
 
Corporate/ Other
 
Reconciling Adjustments
 
Consolidated
 
 
(In millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
2,200

 
$
264

 
$
1,008

 
$
(39
)
 
$
(32
)
 
$
3,401

Internal revenues
 
—

 
—

 
108

 
—

 
(108
)
 
—

Total revenues
 
2,200

 
264

 
1,116

 
(39
)
 
(140
)
 
3,401

Depreciation
 
170

 
44

 
103

 
17

 
—

 
334

Amortization of regulatory assets, net
 
61

 
2

 
—

 
—

 
—

 
63

Impairment of assets (Note 2)
 
—

 
—

 
1,447

 
—

 
—

 
1,447

Investment income
 
13

 
—

 
18

 
—

 
(12
)
 
19

Interest expense
 
145

 
42

 
48

 
54

 
—

 
289

Income taxes (benefits)
 
84

 
42

 
(230
)
 
(27
)
 
1

 
(130
)
Net income (loss)
 
146

 
71

 
(1,259
)
 
(47
)
 
—

 
(1,089
)
Total assets
 
27,907

 
7,855

 
15,464

 
175

 
—

 
51,401

Total goodwill
 
5,092

 
526

 
—

 
—

 
—

 
5,618

Property additions
 
313

 
251

 
213

 
17

 
—

 
794

 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2015
 
 

 
 

 
 

 
 

 
 
 
 

External revenues
 
$
2,239

 
$
269

 
$
1,034

 
$
(42
)
 
$
(35
)
 
$
3,465

Internal revenues
 
—

 
—

 
162

 
—

 
(162
)
 
—

Total revenues
 
2,239

 
269

 
1,196

 
(42
)
 
(197
)
 
3,465

Depreciation
 
170

 
38

 
99

 
15

 
—

 
322

Amortization of regulatory assets, net
 
57

 
2

 
—

 
—

 
—

 
59

Impairment of assets
 
—

 
—

 
16

 
—

 
—

 
16

Investment income (loss)
 
12

 
—

 
—

 
(5
)
 
(10
)
 
(3
)
Interest expense
 
146

 
40

 
48

 
49

 
(1
)
 
282

Income taxes (benefits)
 
91

 
52

 
(4
)
 
(22
)
 
(2
)
 
115

Net income (loss)
 
156

 
89

 
(8
)
 
(50
)
 
—

 
187

Total assets
 
28,006

 
6,855

 
16,417

 
893

 
—

 
52,171

Total goodwill
 
5,092

 
526

 
800

 
—

 
—

 
6,418

Property additions
 
312

 
297

 
191

 
18

 
—

 
818

 
 
 
 
 
 
 
 
 
 
 
 
 
For the Six Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
4,721

 
$
539

 
$
2,160

 
$
(81
)
 
$
(69
)
 
$
7,270

Internal revenues
 
—

 
—

 
260

 
—

 
(260
)
 
—

Total revenues
 
4,721

 
539

 
2,420

 
(81
)
 
(329
)
 
7,270

Depreciation
 
339

 
87

 
205

 
32

 
—

 
663

Amortization of regulatory assets, net
 
120

 
4

 
—

 
—

 
—

 
124

Impairment of assets (Note 2)
 
—

 
—

 
1,447

 
—

 
—

 
1,447

Investment income
 
24

 
—

 
33

 
11

 
(21
)
 
47

Interest expense
 
292

 
85

 
95

 
105

 
—

 
577

Income taxes (benefits)
 
182

 
85

 
(145
)
 
(40
)
 
1

 
83

Net income (loss)
 
311

 
145

 
(1,115
)
 
(102
)
 
—

 
(761
)
Property additions
 
575

 
509

 
382

 
26

 
—

 
1,492

 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
4,801

 
$
507

 
$
2,209

 
$
(84
)
 
$
(71
)
 
$
7,362

Internal revenues
 
—

 
—

 
422

 
—

 
(422
)
 
—

Total revenues
 
4,801

 
507

 
2,631

 
(84
)
 
(493
)
 
7,362

Depreciation
 
342

 
75

 
195

 
29

 
—

 
641

Amortization of regulatory assets, net
 
86

 
5

 
—

 
—

 
—

 
91

Impairment of assets
 
—

 
—

 
16

 
—

 
—

 
16

Investment income (loss)
 
25

 
—

 
12

 
(3
)
 
(20
)
 
14

Interest expense
 
290

 
79

 
96

 
96

 
—

 
561

Income taxes (benefits)
 
213

 
94

 
(8
)
 
(40
)
 
—

 
259

Net income (loss)
 
364

 
161

 
(16
)
 
(100
)
 
—

 
409

Property additions
 
592

 
551

 
317

 
26

 
—

 
1,486