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Segment Information
 9 Months Ended
Sep. 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 controls 3,790 MWs of regulated electric generation capacity located primarily in West Virginia, Virginia and New Jersey. The segment's results reflect the commodity costs of securing electric generation and the deferral and amortization of certain fuel costs.
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, which is subject to annual true-up based on actual costs. 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 September 30, 2016, this business segment controlled 13,162 MWs of electric 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, as well as other operating and maintenance costs, including costs incurred by FENOC.
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 September 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 $2.7 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)
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
2,702

 
$
285

 
$
998

 
$
—

 
$
(68
)
 
$
3,917

Internal revenues
 
—

 
—

 
117

 
—

 
(117
)
 
—

Total revenues
 
2,702

 
285

 
1,115

 
—

 
(185
)
 
3,917

Depreciation
 
171

 
45

 
79

 
16

 
—

 
311

Amortization of regulatory assets, net
 
98

 
—

 
—

 
—

 
—

 
98

Investment income
 
13

 
—

 
23

 
2

 
(10
)
 
28

Interest expense
 
139

 
43

 
48

 
56

 
—

 
286

Income taxes (benefits)
 
167

 
45

 
49

 
(11
)
 
1

 
251

Net income (loss)
 
283

 
78

 
86

 
(67
)
 
—

 
380

Total assets
 
28,276

 
8,034

 
15,165

 
486

 
—

 
51,961

Total goodwill
 
5,092

 
526

 
—

 
—

 
—

 
5,618

Property additions
 
303

 
246

 
110

 
5

 
—

 
664

 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2015
 
 

 
 

 
 

 
 

 
 
 
 

External revenues
 
$
2,624

 
$
248

 
$
1,327

 
$
—

 
$
(76
)
 
$
4,123

Internal revenues
 
—

 
—

 
141

 
—

 
(141
)
 
—

Total revenues
 
2,624

 
248

 
1,468

 
—

 
(217
)
 
4,123

Depreciation
 
174

 
41

 
98

 
15

 
—

 
328

Amortization of regulatory assets, net
 
110

 
—

 
—

 
—

 
—

 
110

Impairment of assets
 
8

 
—

 
—

 
—

 
—

 
8

Investment income (loss)
 
8

 
—

 
(19
)
 
(6
)
 
(11
)
 
(28
)
Interest expense
 
149

 
40

 
48

 
48

 
—

 
285

Income taxes (benefits)
 
137

 
41

 
84

 
(39
)
 
3

 
226

Net income (loss)
 
234

 
70

 
145

 
(54
)
 
—

 
395

Total assets
 
27,883

 
6,988

 
16,229

 
830

 
—

 
51,930

Total goodwill
 
5,092

 
526

 
800

 
—

 
—

 
6,418

Property additions
 
292

 
149

 
83

 
15

 
—

 
539

 
 
 
 
 
 
 
 
 
 
 
 
 
For the Nine Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
7,423

 
$
824

 
$
3,158

 
$
—

 
$
(218
)
 
$
11,187

Internal revenues
 
—

 
—

 
377

 
—

 
(377
)
 
—

Total revenues
 
7,423

 
824

 
3,535

 
—

 
(595
)
 
11,187

Depreciation
 
510

 
132

 
284

 
48

 
—

 
974

Amortization of regulatory assets, net
 
218

 
4

 
—

 
—

 
—

 
222

Impairment of assets (Note 2)
 
—

 
—

 
1,447

 
—

 
—

 
1,447

Investment income
 
37

 
—

 
56

 
13

 
(31
)
 
75

Interest expense
 
431

 
128

 
143

 
161

 
—

 
863

Income taxes (benefits)
 
349

 
130

 
(96
)
 
(51
)
 
2

 
334

Net income (loss)
 
594

 
223

 
(1,029
)
 
(169
)
 
—

 
(381
)
Property additions
 
878

 
755

 
492

 
31

 
—

 
2,156

 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
7,425

 
$
755

 
$
3,536

 
$
—

 
$
(231
)
 
$
11,485

Internal revenues
 
—

 
—

 
563

 
—

 
(563
)
 
—

Total revenues
 
7,425

 
755

 
4,099

 
—

 
(794
)
 
11,485

Depreciation
 
516

 
116

 
293

 
44

 
—

 
969

Amortization of regulatory assets, net
 
196

 
5

 
—

 
—

 
—

 
201

Impairment of assets
 
8

 
—

 
16

 
—

 
—

 
24

Investment income (loss)
 
33

 
—

 
(7
)
 
(9
)
 
(31
)
 
(14
)
Interest expense
 
439

 
119

 
144

 
144

 
—

 
846

Income taxes (benefits)
 
350

 
135

 
76

 
(84
)
 
8

 
485

Net income (loss)
 
598

 
231

 
129

 
(154
)
 
—

 
804

Property additions
 
884

 
700

 
400

 
41

 
—

 
2,025