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Segment Information | 12 Months Ended
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Dec. 31, 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. During the fourth quarter of 2016, FirstEnergy modified its segment reporting to reclassify the results of operations from certain transmission assets of ME, PN and JCP&L, from the Regulated Distribution segment to the Regulated Transmission segment. Costs associated with these transmission assets, which are currently included in ME, PN, and JCP&L's stated rates, will be recovered through MAIT's and JCP&L’s formula rates prospectively, once approved by FERC. The external segment reporting is consistent with the internal financial reports used by FirstEnergy's Chief Executive Officer (its chief operating decision maker) to regularly assess performance of the business and allocate resources. Disclosures for FirstEnergy's reportable operating segments for 2015 and 2014 have been revised to conform to the current presentation reflecting the operating activity of the identified transmission assets within Regulated Transmission. 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 and 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 stated transmission rates at certain of FirstEnergy's utilities. As discussed in "FERC Matters" below, effective January 31, 2017, MAIT includes the transmission assets of ME and PN, and JCP&L submitted applications to FERC requesting authorization to implement forward-looking formula transmission rates. Those applications are pending before FERC. Both the forward-looking and stated 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 an 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 December 31, 2016, this business segment controlled 13,162 MWs of electric generating capacity, including, as discussed in "Note 15, Regulatory Matters", 1,572 MWs of natural gas and hydroelectric generating capacity subject to an asset purchase agreement with Aspen and the 1,300 MW Pleasants power station which was offered into MP's RFP process by AE Supply. The CES segment’s operating results are 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 not charged to FE's subsidiaries, interest expense on stand-alone holding company debt, corporate income taxes and other businesses that do not constitute an operating segment 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 December 31, 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 Years Ended December 31 |  | Regulated Distribution |  | Regulated Transmission |  | Competitive Energy Services |  | Corporate/ Other |  | Reconciling Adjustments |  | Consolidated
|  | (In millions)
2016 |  |  |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 9,629 |  |  | $ | 1,151 |  |  | $ | 4,070 |  |  | $ | — |  |  | $ | (288 | ) |  | $ | 14,562 |
Internal revenues |  | — |  |  | — |  |  | 479 |  |  | — |  |  | (479 | ) |  | — |
Total revenues |  | 9,629 |  |  | 1,151 |  |  | 4,549 |  |  | — |  |  | (767 | ) |  | 14,562 |
Depreciation |  | 676 |  |  | 187 |  |  | 387 |  |  | 63 |  |  | — |  |  | 1,313 |
Amortization of regulatory assets, net |  | 313 |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | 320 |
Impairment of assets |  | — |  |  | — |  |  | 10,665 |  |  | — |  |  | — |  |  | 10,665 |
Investment income |  | 49 |  |  | — |  |  | 66 |  |  | 10 |  |  | (41 | ) |  | 84 |
Interest expense |  | 586 |  |  | 158 |  |  | 194 |  |  | 219 |  |  | — |  |  | 1,157 |
Income taxes (benefits) |  | 375 |  |  | 187 |  |  | (3,498 | ) |  | (121 | ) |  | 2 |  |  | (3,055 | )
Net income (loss) |  | 651 |  |  | 331 |  |  | (6,919 | ) |  | (240 | ) |  | — |  |  | (6,177 | )
Total assets |  | 27,702 |  |  | 8,755 |  |  | 5,952 |  |  | 739 |  |  | — |  |  | 43,148 |
Total goodwill |  | 5,004 |  |  | 614 |  |  | — |  |  | — |  |  | — |  |  | 5,618 |
Property additions |  | 1,063 |  |  | 1,101 |  |  | 619 |  |  | 52 |  |  | — |  |  | 2,835 |
2015 |  |  |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 9,582 |  |  | $ | 1,054 |  |  | $ | 4,698 |  |  | $ | — |  |  | $ | (308 | ) |  | $ | 15,026 |
Internal revenues |  | — |  |  | — |  |  | 686 |  |  | — |  |  | (686 | ) |  | — |
Total revenues |  | 9,582 |  |  | 1,054 |  |  | 5,384 |  |  | — |  |  | (994 | ) |  | 15,026 |
Depreciation |  | 664 |  |  | 164 |  |  | 394 |  |  | 60 |  |  | — |  |  | 1,282 |
Amortization of regulatory assets, net |  | 261 |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | 268 |
Impairment of assets |  | 8 |  |  | — |  |  | 34 |  |  | — |  |  | — |  |  | 42 |
Investment income (loss) |  | 42 |  |  | — |  |  | (16 | ) |  | (9 | ) |  | (39 | ) |  | (22 | )
Impairment of equity method investment |  | — |  |  | — |  |  | — |  |  | 362 |  |  | — |  |  | 362 |
Interest expense |  | 600 |  |  | 147 |  |  | 192 |  |  | 193 |  |  | — |  |  | 1,132 |
Income taxes (benefits) |  | 325 |  |  | 191 |  |  | 50 |  |  | (262 | ) |  | 11 |  |  | 315 |
Net income (loss) |  | 588 |  |  | 328 |  |  | 89 |  |  | (427 | ) |  | — |  |  | 578 |
Total assets |  | 27,390 |  |  | 7,800 |  |  | 16,027 |  |  | 877 |  |  | — |  |  | 52,094 |
Total goodwill |  | 5,092 |  |  | 526 |  |  | 800 |  |  | — |  |  | — |  |  | 6,418 |
Property additions |  | 1,040 |  |  | 1,020 |  |  | 588 |  |  | 56 |  |  | — |  |  | 2,704 |
2014 |  |  |  |  |  |  |  |  |  |  |  |
External revenues |  | $ | 9,054 |  |  | $ | 817 |  |  | $ | 5,470 |  |  | $ | — |  |  | $ | (292 | ) |  | $ | 15,049 |
Internal revenues |  | — |  |  | — |  |  | 819 |  |  | — |  |  | (819 | ) |  | — |
Total revenues |  | 9,054 |  |  | 817 |  |  | 6,289 |  |  | — |  |  | (1,111 | ) |  | 15,049 |
Depreciation |  | 651 |  |  | 134 |  |  | 387 |  |  | 48 |  |  | — |  |  | 1,220 |
Amortization of regulatory assets, net |  | 1 |  |  | 11 |  |  | — |  |  | — |  |  | — |  |  | 12 |
Investment income |  | 56 |  |  | — |  |  | 54 |  |  | 2 |  |  | (40 | ) |  | 72 |
Interest expense |  | 603 |  |  | 117 |  |  | 197 |  |  | 168 |  |  | (4 | ) |  | 1,081 |
Income taxes (benefits) |  | 209 |  |  | 139 |  |  | (223 | ) |  | (178 | ) |  | 11 |  |  | (42 | )
Income (loss) from continuing operations |  | 433 |  |  | 255 |  |  | (417 | ) |  | (58 | ) |  | — |  |  | 213 |
Discontinued operations, net of tax |  | — |  |  | — |  |  | 86 |  |  | — |  |  | — |  |  | 86 |
Net income (loss) |  | 433 |  |  | 255 |  |  | (331 | ) |  | (58 | ) |  | — |  |  | 299 |
Total assets |  | 27,332 |  |  | 6,864 |  |  | 16,180 |  |  | 1,176 |  |  | — |  |  | 51,552 |
Total goodwill |  | 5,092 |  |  | 526 |  |  | 800 |  |  | — |  |  | — |  |  | 6,418 |
Property additions |  | 855 |  |  | 1,446 |  |  | 939 |  |  | 72 |  |  | — |  |  | 3,312 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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