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Supplemental Guarantor Information | 12 Months Ended
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Dec. 31, 2016
Supplemental Guarantor Information [Abstract] |
SUPPLEMENTAL GUARANTOR INFORMATION | SUPPLEMENTAL GUARANTOR INFORMATION In 2007, FG completed a sale and leaseback transaction for its undivided interest in Bruce Mansfield Unit 1. FES has fully and unconditionally and irrevocably guaranteed all of FG's obligations under each of the leases. The related lessor notes and pass through certificates are not guaranteed by FES or FG, but the notes are secured by, among other things, each lessor trust's undivided interest in Unit 1, rights and interests under the applicable lease and rights and interests under other related agreements, including FES' lease guaranty. This transaction is classified as an operating lease for FES and FirstEnergy and as a financing lease for FG. The Condensed Consolidating Statements of Income (Loss) and Comprehensive Income (Loss) for the years ended December 31, 2016, 2015, and 2014, Condensed Consolidating Balance Sheets as of December 31, 2016 and December 31, 2015, and Condensed Consolidating Statements of Cash Flows for the years ended December 31, 2016, 2015, and 2014, for the parent and guarantor and non-guarantor subsidiaries are presented below. These statements are provided as FG's parent company fully and unconditionally guarantees outstanding registered securities of FG as well as FG's obligations under the facility lease for the Bruce Mansfield sale and leaseback that underlie outstanding registered pass-through trust certificates. Investments in wholly owned subsidiaries are accounted for by the parent company using the equity method. Results of operations for FG and NG are, therefore, reflected in their parent company's investment accounts and earnings as if operating lease treatment was achieved. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions and the entries required to reflect operating lease treatment associated with the 2007 Bruce Mansfield Unit 1 sale and leaseback transaction. FIRSTENERGY SOLUTIONS CORP. CONDENSED CONSOLIDATING STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
For the Year Ended December 31, 2016 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
STATEMENTS OF INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
REVENUES |  | $ | 4,242 |  |  | $ | 1,739 |  |  | $ | 2,004 |  |  | $ | (3,587 | ) |  | $ | 4,398 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel |  | — |  |  | 582 |  |  | 198 |  |  | — |  |  | 780 |
Purchased power from affiliates |  | 4,024 |  |  | — |  |  | 187 |  |  | (3,587 | ) |  | 624 |
Purchased power from non-affiliates |  | 1,020 |  |  | — |  |  | — |  |  | — |  |  | 1,020 |
Other operating expenses |  | 310 |  |  | 286 |  |  | 632 |  |  | 49 |  |  | 1,277 |
Pension and OPEB mark-to-market adjustment |  | (1 | ) |  | (4 | ) |  | 53 |  |  | — |  |  | 48 |
Provision for depreciation |  | 13 |  |  | 120 |  |  | 206 |  |  | (3 | ) |  | 336 |
General taxes |  | 31 |  |  | 30 |  |  | 27 |  |  | — |  |  | 88 |
Impairment of assets |  | 39 |  |  | 3,937 |  |  | 4,729 |  |  | (83 | ) |  | 8,622 |
Total operating expenses |  | 5,436 |  |  | 4,951 |  |  | 6,032 |  |  | (3,624 | ) |  | 12,795 |
OPERATING LOSS |  | (1,194 | ) |  | (3,212 | ) |  | (4,028 | ) |  | 37 |  |  | (8,397 | )
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income (loss), including net income from equity investees |  | (4,585 | ) |  | 30 |  |  | 84 |  |  | 4,538 |  |  | 67 |
Miscellaneous income |  | 4 |  |  | 3 |  |  | — |  |  | — |  |  | 7 |
Interest expense — affiliates |  | (50 | ) |  | (10 | ) |  | (4 | ) |  | 57 |  |  | (7 | )
Interest expense — other |  | (55 | ) |  | (105 | ) |  | (44 | ) |  | 57 |  |  | (147 | )
Capitalized interest |  | — |  |  | 8 |  |  | 26 |  |  | — |  |  | 34 |
Total other income (expense) |  | (4,686 | ) |  | (74 | ) |  | 62 |  |  | 4,652 |  |  | (46 | )
LOSS BEFORE INCOME TAX BENEFITS |  | (5,880 | ) |  | (3,286 | ) |  | (3,966 | ) |  | 4,689 |  |  | (8,443 | )
INCOME TAX BENEFITS |  | (425 | ) |  | (1,169 | ) |  | (1,429 | ) |  | 35 |  |  | (2,988 | )
NET LOSS |  | $ | (5,455 | ) |  | $ | (2,117 | ) |  | $ | (2,537 | ) |  | $ | 4,654 |  |  | $ | (5,455 | )
STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
NET LOSS |  | $ | (5,455 | ) |  | $ | (2,117 | ) |  | $ | (2,537 | ) |  | $ | 4,654 |  |  | $ | (5,455 | )
OTHER COMPREHENSIVE INCOME (LOSS): |  |  |  |  |  |  |  |  |  |
Pension and OPEB prior service costs |  | (14 | ) |  | (14 | ) |  | — |  |  | 14 |  |  | (14 | )
Amortized gain on derivative hedges |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Change in unrealized gain on available-for-sale securities |  | 52 |  |  | — |  |  | 52 |  |  | (52 | ) |  | 52 |
Other comprehensive income (loss) |  | 38 |  |  | (14 | ) |  | 52 |  |  | (38 | ) |  | 38 |
Income taxes (benefits) on other comprehensive income (loss) |  | 15 |  |  | (5 | ) |  | 20 |  |  | (15 | ) |  | 15 |
Other comprehensive income (loss), net of tax |  | 23 |  |  | (9 | ) |  | 32 |  |  | (23 | ) |  | 23 |
COMPREHENSIVE LOSS |  | $ | (5,432 | ) |  | $ | (2,126 | ) |  | $ | (2,505 | ) |  | $ | 4,631 |  |  | $ | (5,432 | )
FIRSTENERGY SOLUTIONS CORP. CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
For the Year Ended December 31, 2015 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
STATEMENTS OF INCOME |  |  |  |  |  |  |  |  |  |
REVENUES |  | $ | 4,824 |  |  | $ | 1,801 |  |  | $ | 2,138 |  |  | $ | (3,758 | ) |  | $ | 5,005 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel |  | — |  |  | 679 |  |  | 192 |  |  | — |  |  | 871 |
Purchased power from affiliates |  | 3,826 |  |  | — |  |  | 285 |  |  | (3,758 | ) |  | 353 |
Purchased power from non-affiliates |  | 1,684 |  |  | — |  |  | — |  |  | — |  |  | 1,684 |
Other operating expenses |  | 378 |  |  | 273 |  |  | 608 |  |  | 49 |  |  | 1,308 |
Pension and OPEB mark-to-market adjustment |  | (8 | ) |  | 10 |  |  | 55 |  |  | — |  |  | 57 |
Provision for depreciation |  | 12 |  |  | 124 |  |  | 191 |  |  | (3 | ) |  | 324 |
General taxes |  | 45 |  |  | 26 |  |  | 27 |  |  | — |  |  | 98 |
Impairment of assets |  | 21 |  |  | 2 |  |  | 10 |  |  | — |  |  | 33 |
Total operating expenses |  | 5,958 |  |  | 1,114 |  |  | 1,368 |  |  | (3,712 | ) |  | 4,728 |
OPERATING INCOME (LOSS) |  | (1,134 | ) |  | 687 |  |  | 770 |  |  | (46 | ) |  | 277 |
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income (loss), including net income from equity investees |  | 844 |  |  | 17 |  |  | (5 | ) |  | (870 | ) |  | (14 | )
Miscellaneous income |  | 1 |  |  | 2 |  |  | — |  |  | — |  |  | 3 |
Interest expense — affiliates |  | (29 | ) |  | (8 | ) |  | (4 | ) |  | 34 |  |  | (7 | )
Interest expense — other |  | (52 | ) |  | (104 | ) |  | (49 | ) |  | 58 |  |  | (147 | )
Capitalized interest |  | — |  |  | 6 |  |  | 29 |  |  | — |  |  | 35 |
Total other income (expense) |  | 764 |  |  | (87 | ) |  | (29 | ) |  | (778 | ) |  | (130 | )
INCOME (LOSS) BEFORE INCOME TAXES (BENEFITS) |  | (370 | ) |  | 600 |  |  | 741 |  |  | (824 | ) |  | 147 |
INCOME TAXES (BENEFITS) |  | (452 | ) |  | 224 |  |  | 278 |  |  | 15 |  |  | 65 |
NET INCOME |  | $ | 82 |  |  | $ | 376 |  |  | $ | 463 |  |  | $ | (839 | ) |  | $ | 82 |
STATEMENTS OF COMPREHENSIVE INCOME |  |  |  |  |  |  |  |  |  |
NET INCOME |  | $ | 82 |  |  | $ | 376 |  |  | $ | 463 |  |  | $ | (839 | ) |  | $ | 82 |
OTHER COMPREHENSIVE LOSS: |  |  |  |  |  |  |  |  |  |
Pension and OPEB prior service costs |  | (6 | ) |  | (5 | ) |  | — |  |  | 5 |  |  | (6 | )
Amortized gain on derivative hedges |  | (3 | ) |  | — |  |  | — |  |  | — |  |  | (3 | )
Change in unrealized gain on available-for-sale securities |  | (9 | ) |  | — |  |  | (8 | ) |  | 8 |  |  | (9 | )
Other comprehensive loss |  | (18 | ) |  | (5 | ) |  | (8 | ) |  | 13 |  |  | (18 | )
Income tax benefits on other comprehensive loss |  | (7 | ) |  | (2 | ) |  | (3 | ) |  | 5 |  |  | (7 | )
Other comprehensive loss, net of tax |  | (11 | ) |  | (3 | ) |  | (5 | ) |  | 8 |  |  | (11 | )
COMPREHENSIVE INCOME |  | $ | 71 |  |  | $ | 373 |  |  | $ | 458 |  |  | $ | (831 | ) |  | $ | 71 |
FIRSTENERGY SOLUTIONS CORP. CONDENSED CONSOLIDATING STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
For the Year Ended December 31, 2014 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
STATEMENTS OF INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
REVENUES |  | $ | 5,990 |  |  | $ | 1,902 |  |  | $ | 2,172 |  |  | $ | (3,920 | ) |  | $ | 6,144 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel |  | — |  |  | 1,055 |  |  | 198 |  |  | — |  |  | 1,253 |
Purchased power from affiliates |  | 3,920 |  |  | — |  |  | 271 |  |  | (3,920 | ) |  | 271 |
Purchased power from non-affiliates |  | 2,767 |  |  | 4 |  |  | — |  |  | — |  |  | 2,771 |
Other operating expenses |  | 790 |  |  | 269 |  |  | 527 |  |  | 49 |  |  | 1,635 |
Pension and OPEB mark-to-market adjustment |  | 19 |  |  | 90 |  |  | 188 |  |  | — |  |  | 297 |
Provision for depreciation |  | 10 |  |  | 119 |  |  | 193 |  |  | (3 | ) |  | 319 |
General taxes |  | 72 |  |  | 31 |  |  | 25 |  |  | — |  |  | 128 |
Total operating expenses |  | 7,578 |  |  | 1,568 |  |  | 1,402 |  |  | (3,874 | ) |  | 6,674 |
OPERATING INCOME (LOSS) |  | (1,588 | ) |  | 334 |  |  | 770 |  |  | (46 | ) |  | (530 | )
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income, including net income from equity investees |  | 791 |  |  | 8 |  |  | 61 |  |  | (799 | ) |  | 61 |
Miscellaneous income |  | 2 |  |  | 4 |  |  | — |  |  | — |  |  | 6 |
Interest expense — affiliates |  | (12 | ) |  | (6 | ) |  | (4 | ) |  | 15 |  |  | (7 | )
Interest expense — other |  | (56 | ) |  | (102 | ) |  | (54 | ) |  | 60 |  |  | (152 | )
Capitalized interest |  | — |  |  | 4 |  |  | 30 |  |  | — |  |  | 34 |
Total other income (expense) |  | 725 |  |  | (92 | ) |  | 33 |  |  | (724 | ) |  | (58 | )
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (BENEFITS) |  | (863 | ) |  | 242 |  |  | 803 |  |  | (770 | ) |  | (588 | )
INCOME TAXES (BENEFITS) |  | (619 | ) |  | 87 |  |  | 298 |  |  | 6 |  |  | (228 | )
INCOME (LOSS) FROM CONTINUING OPERATIONS |  | (244 | ) |  | 155 |  |  | 505 |  |  | (776 | ) |  | (360 | )
Discontinued operations (net of income taxes of $8) |  | — |  |  | 116 |  |  | — |  |  | — |  |  | 116 |
NET INCOME (LOSS) |  | $ | (244 | ) |  | $ | 271 |  |  | $ | 505 |  |  | $ | (776 | ) |  | $ | (244 | )
STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
NET INCOME (LOSS) |  | $ | (244 | ) |  | $ | 271 |  |  | $ | 505 |  |  | $ | (776 | ) |  | $ | (244 | )
OTHER COMPREHENSIVE INCOME (LOSS): |  |  |  |  |  |  |  |  |  |
Pension and OPEB prior service costs |  | (6 | ) |  | (5 | ) |  | — |  |  | 5 |  |  | (6 | )
Amortized gain on derivative hedges |  | (10 | ) |  | — |  |  | — |  |  | — |  |  | (10 | )
Change in unrealized gain on available-for-sale securities |  | 21 |  |  | — |  |  | 21 |  |  | (21 | ) |  | 21 |
Other comprehensive income (loss) |  | 5 |  |  | (5 | ) |  | 21 |  |  | (16 | ) |  | 5 |
Income taxes (benefits) on other comprehensive income (loss ) |  | 2 |  |  | (2 | ) |  | 8 |  |  | (6 | ) |  | 2 |
Other comprehensive income (loss), net of tax |  | 3 |  |  | (3 | ) |  | 13 |  |  | (10 | ) |  | 3 |
COMPREHENSIVE INCOME (LOSS) |  | $ | (241 | ) |  | $ | 268 |  |  | $ | 518 |  |  | $ | (786 | ) |  | $ | (241 | )
FIRSTENERGY SOLUTIONS CORP. CONDENSED CONSOLIDATING BALANCE SHEETS
As of December 31, 2016 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
ASSETS |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
Receivables- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customers |  | 213 |  |  | — |  |  | — |  |  | — |  |  | 213 |
Affiliated companies |  | 332 |  |  | 315 |  |  | 417 |  |  | (612 | ) |  | 452 |
Other |  | 17 |  |  | 2 |  |  | 8 |  |  | — |  |  | 27 |
Notes receivable from affiliated companies |  | 501 |  |  | 1,585 |  |  | 1,294 |  |  | (3,351 | ) |  | 29 |
Materials and supplies |  | 45 |  |  | 142 |  |  | 80 |  |  | — |  |  | 267 |
Derivatives |  | 137 |  |  | — |  |  | — |  |  | — |  |  | 137 |
Collateral |  | 157 |  |  | — |  |  | — |  |  | — |  |  | 157 |
Prepayments and other |  | 38 |  |  | 24 |  |  | 1 |  |  | — |  |  | 63 |
|  | 1,440 |  |  | 2,070 |  |  | 1,800 |  |  | (3,963 | ) |  | 1,347 |
PROPERTY, PLANT AND EQUIPMENT: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
In service |  | 120 |  |  | 2,524 |  |  | 4,703 |  |  | (290 | ) |  | 7,057 |
Less — Accumulated provision for depreciation |  | 52 |  |  | 1,920 |  |  | 4,144 |  |  | (187 | ) |  | 5,929 |
|  | 68 |  |  | 604 |  |  | 559 |  |  | (103 | ) |  | 1,128 |
Construction work in progress |  | 2 |  |  | 67 |  |  | 358 |  |  | — |  |  | 427 |
|  | 70 |  |  | 671 |  |  | 917 |  |  | (103 | ) |  | 1,555 |
INVESTMENTS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nuclear plant decommissioning trusts |  | — |  |  | — |  |  | 1,552 |  |  | — |  |  | 1,552 |
Investment in affiliated companies |  | 2,923 |  |  | — |  |  | — |  |  | (2,923 | ) |  | — |
Other |  | — |  |  | 9 |  |  | 1 |  |  | — |  |  | 10 |
|  | 2,923 |  |  | 9 |  |  | 1,553 |  |  | (2,923 | ) |  | 1,562 |
DEFERRED CHARGES AND OTHER ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated deferred income tax benefits |  | 395 |  |  | 1,271 |  |  | 883 |  |  | (270 | ) |  | 2,279 |
Customer intangibles |  | 9 |  |  | — |  |  | — |  |  | — |  |  | 9 |
Property taxes |  | — |  |  | 12 |  |  | 28 |  |  | — |  |  | 40 |
Derivatives |  | 77 |  |  | — |  |  | — |  |  | — |  |  | 77 |
Other |  | 24 |  |  | 327 |  |  | — |  |  | 21 |  |  | 372 |
|  | 505 |  |  | 1,610 |  |  | 911 |  |  | (249 | ) |  | 2,777 |
|  | $ | 4,938 |  |  | $ | 4,360 |  |  | $ | 5,181 |  |  | $ | (7,238 | ) |  | $ | 7,241 |
LIABILITIES AND CAPITALIZATION |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Currently payable long-term debt |  | $ | — |  |  | $ | 200 |  |  | $ | 5 |  |  | $ | (26 | ) |  | $ | 179 |
Short-term borrowings- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Affiliated companies |  | 2,969 |  |  | 483 |  |  | — |  |  | (3,351 | ) |  | 101 |
Other |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Accounts payable- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Affiliated companies |  | 743 |  |  | 107 |  |  | 406 |  |  | (706 | ) |  | 550 |
Other |  | 17 |  |  | 93 |  |  | — |  |  | — |  |  | 110 |
Accrued taxes |  | 50 |  |  | 48 |  |  | 61 |  |  | (16 | ) |  | 143 |
Derivatives |  | 71 |  |  | 6 |  |  | — |  |  | — |  |  | 77 |
Other |  | 56 |  |  | 54 |  |  | 10 |  |  | 36 |  |  | 156 |
|  | 3,906 |  |  | 991 |  |  | 482 |  |  | (4,063 | ) |  | 1,316 |
CAPITALIZATION: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total equity |  | 218 |  |  | 828 |  |  | 2,006 |  |  | (2,834 | ) |  | 218 |
Long-term debt and other long-term obligations |  | 691 |  |  | 2,093 |  |  | 1,120 |  |  | (1,091 | ) |  | 2,813 |
|  | 909 |  |  | 2,921 |  |  | 3,126 |  |  | (3,925 | ) |  | 3,031 |
NONCURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred gain on sale and leaseback transaction |  | — |  |  | — |  |  | — |  |  | 757 |  |  | 757 |
Accumulated deferred income taxes |  | 4 |  |  | 3 |  |  | — |  |  | (7 | ) |  | — |
Retirement benefits |  | 25 |  |  | 172 |  |  | — |  |  | — |  |  | 197 |
Asset retirement obligations |  | — |  |  | 188 |  |  | 713 |  |  | — |  |  | 901 |
Derivatives |  | 52 |  |  | — |  |  | — |  |  | — |  |  | 52 |
Other |  | 42 |  |  | 85 |  |  | 860 |  |  | — |  |  | 987 |
|  | 123 |  |  | 448 |  |  | 1,573 |  |  | 750 |  |  | 2,894 |
|  | $ | 4,938 |  |  | $ | 4,360 |  |  | $ | 5,181 |  |  | $ | (7,238 | ) |  | $ | 7,241 |
FIRSTENERGY SOLUTIONS CORP. CONDENSED CONSOLIDATING BALANCE SHEETS
As of December 31, 2015 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
ASSETS |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
Receivables- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customers |  | 275 |  |  | — |  |  | — |  |  | — |  |  | 275 |
Affiliated companies |  | 433 |  |  | 403 |  |  | 461 |  |  | (846 | ) |  | 451 |
Other |  | 36 |  |  | 4 |  |  | 19 |  |  | — |  |  | 59 |
Notes receivable from affiliated companies |  | 406 |  |  | 1,210 |  |  | 805 |  |  | (2,410 | ) |  | 11 |
Materials and supplies |  | 53 |  |  | 204 |  |  | 213 |  |  | — |  |  | 470 |
Derivatives |  | 154 |  |  | — |  |  | — |  |  | — |  |  | 154 |
Collateral |  | 70 |  |  | — |  |  | — |  |  | — |  |  | 70 |
Prepayments and other |  | 48 |  |  | 18 |  |  | — |  |  | — |  |  | 66 |
|  | 1,475 |  |  | 1,841 |  |  | 1,498 |  |  | (3,256 | ) |  | 1,558 |
PROPERTY, PLANT AND EQUIPMENT: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
In service |  | 93 |  |  | 6,367 |  |  | 8,233 |  |  | (382 | ) |  | 14,311 |
Less — Accumulated provision for depreciation |  | 40 |  |  | 2,144 |  |  | 3,775 |  |  | (194 | ) |  | 5,765 |
|  | 53 |  |  | 4,223 |  |  | 4,458 |  |  | (188 | ) |  | 8,546 |
Construction work in progress |  | 30 |  |  | 249 |  |  | 878 |  |  | — |  |  | 1,157 |
|  | 83 |  |  | 4,472 |  |  | 5,336 |  |  | (188 | ) |  | 9,703 |
INVESTMENTS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nuclear plant decommissioning trusts |  | — |  |  | — |  |  | 1,327 |  |  | — |  |  | 1,327 |
Investment in affiliated companies |  | 7,452 |  |  | — |  |  | — |  |  | (7,452 | ) |  | — |
Other |  | — |  |  | 10 |  |  | — |  |  | — |  |  | 10 |
|  | 7,452 |  |  | 10 |  |  | 1,327 |  |  | (7,452 | ) |  | 1,337 |
DEFERRED CHARGES AND OTHER ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated deferred income tax benefits |  | 300 |  |  | 16 |  |  | — |  |  | (316 | ) |  | — |
Customer intangibles |  | 61 |  |  | — |  |  | — |  |  | — |  |  | 61 |
Goodwill |  | 23 |  |  | — |  |  | — |  |  | — |  |  | 23 |
Property taxes |  | — |  |  | 12 |  |  | 28 |  |  | — |  |  | 40 |
Derivatives |  | 79 |  |  | — |  |  | — |  |  | — |  |  | 79 |
Other |  | 29 |  |  | 312 |  |  | 14 |  |  | 12 |  |  | 367 |
|  | 492 |  |  | 340 |  |  | 42 |  |  | (304 | ) |  | 570 |
|  | $ | 9,502 |  |  | $ | 6,663 |  |  | $ | 8,203 |  |  | $ | (11,200 | ) |  | $ | 13,168 |
LIABILITIES AND CAPITALIZATION |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Currently payable long-term debt |  | $ | — |  |  | $ | 229 |  |  | $ | 308 |  |  | $ | (25 | ) |  | $ | 512 |
Short-term borrowings- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Affiliated companies |  | 2,021 |  |  | 389 |  |  | — |  |  | (2,410 | ) |  | — |
Other |  | — |  |  | 8 |  |  | — |  |  | — |  |  | 8 |
Accounts payable- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Affiliated companies |  | 884 |  |  | 146 |  |  | 368 |  |  | (856 | ) |  | 542 |
Other |  | 21 |  |  | 118 |  |  | — |  |  | — |  |  | 139 |
Accrued taxes |  | 7 |  |  | 93 |  |  | 62 |  |  | (86 | ) |  | 76 |
Derivatives |  | 103 |  |  | 1 |  |  | — |  |  | — |  |  | 104 |
Other |  | 66 |  |  | 61 |  |  | 9 |  |  | 45 |  |  | 181 |
|  | 3,102 |  |  | 1,045 |  |  | 747 |  |  | (3,332 | ) |  | 1,562 |
CAPITALIZATION: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total equity |  | 5,605 |  |  | 2,944 |  |  | 4,476 |  |  | (7,420 | ) |  | 5,605 |
Long-term debt and other long-term obligations |  | 690 |  |  | 2,116 |  |  | 840 |  |  | (1,136 | ) |  | 2,510 |
|  | 6,295 |  |  | 5,060 |  |  | 5,316 |  |  | (8,556 | ) |  | 8,115 |
NONCURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred gain on sale and leaseback transaction |  | — |  |  | — |  |  | — |  |  | 791 |  |  | 791 |
Accumulated deferred income taxes |  | 6 |  |  | — |  |  | 697 |  |  | (103 | ) |  | 600 |
Retirement benefits |  | 27 |  |  | 305 |  |  | — |  |  | — |  |  | 332 |
Asset retirement obligations |  | — |  |  | 191 |  |  | 640 |  |  | — |  |  | 831 |
Derivatives |  | 37 |  |  | 1 |  |  | — |  |  | — |  |  | 38 |
Other |  | 35 |  |  | 61 |  |  | 803 |  |  | — |  |  | 899 |
|  | 105 |  |  | 558 |  |  | 2,140 |  |  | 688 |  |  | 3,491 |
|  | $ | 9,502 |  |  | $ | 6,663 |  |  | $ | 8,203 |  |  | $ | (11,200 | ) |  | $ | 13,168 |
FIRSTENERGY SOLUTIONS CORP. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended December 31, 2016 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
NET CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES |  | $ | (842 | ) |  | $ | 549 |  |  | $ | 1,103 |  |  | $ | (25 | ) |  | $ | 785 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New Financing- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  |  | 186 |  |  | 285 |  |  | — |  |  | 471 |
Short-term borrowings, net |  | 948 |  |  | 94 |  |  | — |  |  | (941 | ) |  | 101 |
Redemptions and Repayments- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  |  | (224 | ) |  | (308 | ) |  | 25 |  |  | (507 | )
Other |  | — |  |  | (6 | ) |  | (2 | ) |  | — |  |  | (8 | )
Net cash provided from (used for) financing activities |  | 948 |  |  | 50 |  |  | (25 | ) |  | (916 | ) |  | 57 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property additions |  | (30 | ) |  | (224 | ) |  | (292 | ) |  | — |  |  | (546 | )
Nuclear fuel |  | — |  |  | — |  |  | (232 | ) |  | — |  |  | (232 | )
Proceeds from asset sales |  | 9 |  |  | — |  |  | — |  |  | — |  |  | 9 |
Sales of investment securities held in trusts |  | — |  |  | — |  |  | 717 |  |  | — |  |  | 717 |
Purchases of investment securities held in trusts |  | — |  |  | — |  |  | (783 | ) |  | — |  |  | (783 | )
Cash Investments |  | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |
Loans to affiliated companies, net |  | (95 | ) |  | (376 | ) |  | (488 | ) |  | 941 |  |  | (18 | )
Other |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Net cash used for investing activities |  | (106 | ) |  | (599 | ) |  | (1,078 | ) |  | 941 |  |  | (842 | )
Net change in cash and cash equivalents |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Cash and cash equivalents at beginning of period |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
FIRSTENERGY SOLUTIONS CORP. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended December 31, 2015 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
NET CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES |  | $ | (637 | ) |  | $ | 551 |  |  | $ | 1,261 |  |  | $ | (24 | ) |  | $ | 1,151 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New Financing- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  |  | 45 |  |  | 296 |  |  | — |  |  | 341 |
Short-term borrowings, net |  | 796 |  |  | 67 |  |  | — |  |  | (863 | ) |  | — |
Redemptions and Repayments- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | (17 | ) |  | (70 | ) |  | (348 | ) |  | 24 |  |  | (411 | )
Short-term borrowings, net |  | — |  |  | — |  |  | (28 | ) |  | (98 | ) |  | (126 | )
Common stock dividend payment |  | (70 | ) |  | — |  |  | — |  |  | — |  |  | (70 | )
Other |  | — |  |  | (5 | ) |  | (1 | ) |  | — |  |  | (6 | )
Net cash provided from (used for) financing activities |  | 709 |  |  | 37 |  |  | (81 | ) |  | (937 | ) |  | (272 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property additions |  | (5 | ) |  | (223 | ) |  | (399 | ) |  | — |  |  | (627 | )
Nuclear fuel |  | — |  |  | — |  |  | (190 | ) |  | — |  |  | (190 | )
Proceeds from asset sales |  | 10 |  |  | 3 |  |  | — |  |  | — |  |  | 13 |
Sales of investment securities held in trusts |  | — |  |  | — |  |  | 733 |  |  | — |  |  | 733 |
Purchases of investment securities held in trusts |  | — |  |  | — |  |  | (791 | ) |  | — |  |  | (791 | )
Cash investments |  | (10 | ) |  | — |  |  | — |  |  | — |  |  | (10 | )
Loans to affiliated companies, net |  | (67 | ) |  | (372 | ) |  | (533 | ) |  | 961 |  |  | (11 | )
Other |  | — |  |  | 4 |  |  | — |  |  | — |  |  | 4 |
Net cash used for investing activities |  | (72 | ) |  | (588 | ) |  | (1,180 | ) |  | 961 |  |  | (879 | )
Net change in cash and cash equivalents |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Cash and cash equivalents at beginning of period |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
FIRSTENERGY SOLUTIONS CORP. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended December 31, 2014 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
NET CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES |  | $ | (600 | ) |  | $ | 408 |  |  | $ | 785 |  |  | $ | (22 | ) |  | $ | 571 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New Financing- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  |  | 431 |  |  | 447 |  |  | — |  |  | 878 |
Short-term borrowings, net |  | 247 |  |  | 114 |  |  | — |  |  | (361 | ) |  | — |
Equity contribution from parent |  | 500 |  |  | — |  |  | — |  |  | — |  |  | 500 |
Redemptions and Repayments- |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | (1 | ) |  | (269 | ) |  | (568 | ) |  | 22 |  |  | (816 | )
Short-term borrowings, net |  | — |  |  | — |  |  | (123 | ) |  | (178 | ) |  | (301 | )
Other |  | (1 | ) |  | (12 | ) |  | (2 | ) |  | — |  |  | (15 | )
Net cash provided from (used for) financing activities |  | 745 |  |  | 264 |  |  | (246 | ) |  | (517 | ) |  | 246 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property additions |  | (8 | ) |  | (169 | ) |  | (662 | ) |  | — |  |  | (839 | )
Nuclear fuel |  | — |  |  | — |  |  | (233 | ) |  | — |  |  | (233 | )
Proceeds from asset sales |  | — |  |  | 307 |  |  | — |  |  | — |  |  | 307 |
Sales of investment securities held in trusts |  | — |  |  | — |  |  | 1,163 |  |  | — |  |  | 1,163 |
Purchases of investment securities held in trusts |  | — |  |  | — |  |  | (1,219 | ) |  | — |  |  | (1,219 | )
Loans to affiliated companies, net |  | (136 | ) |  | (815 | ) |  | 412 |  |  | 539 |  |  | — |
Other |  | (1 | ) |  | 5 |  |  | — |  |  | — |  |  | 4 |
Net cash used for investing activities |  | (145 | ) |  | (672 | ) |  | (539 | ) |  | 539 |  |  | (817 | )
Net change in cash and cash equivalents |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Cash and cash equivalents at beginning of period |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |

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