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Supplemental Guarantor Information (Tables) | 6 Months Ended
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Jun. 30, 2017
Supplemental Guarantor Information [Abstract] |
Condensed Consolidating Statements of Income (Loss) and Comprehensive Income (Loss) |
FIRSTENERGY SOLUTIONS CORP.
CONDENSED CONSOLIDATING STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
For the Three Months Ended June 30, 2017 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
STATEMENTS OF INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
REVENUES |  | $ | 717 |  |  | $ | 474 |  |  | $ | 360 |  |  | $ | (810 | ) |  | $ | 741 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel |  | — |  |  | 106 |  |  | 48 |  |  | — |  |  | 154 |
Purchased power from affiliates |  | 811 |  |  | — |  |  | 38 |  |  | (810 | ) |  | 39 |
Purchased power from non-affiliates |  | 156 |  |  | — |  |  | — |  |  | — |  |  | 156 |
Other operating expenses |  | 63 |  |  | 58 |  |  | 153 |  |  | 12 |  |  | 286 |
Provision for depreciation |  | 3 |  |  | 9 |  |  | 16 |  |  | (1 | ) |  | 27 |
General taxes |  | 5 |  |  | 5 |  |  | 8 |  |  | — |  |  | 18 |
Total operating expenses |  | 1,038 |  |  | 178 |  |  | 263 |  |  | (799 | ) |  | 680 |
OPERATING INCOME (LOSS) |  | (321 | ) |  | 296 |  |  | 97 |  |  | (11 | ) |  | 61 |
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income (loss), including net income from equity investees |  | 247 |  |  | 10 |  |  | 21 |  |  | (263 | ) |  | 15 |
Interest expense — affiliates |  | (20 | ) |  | (3 | ) |  | (1 | ) |  | 19 |  |  | (5 | )
Interest expense — other |  | (12 | ) |  | (26 | ) |  | (11 | ) |  | 14 |  |  | (35 | )
Capitalized interest |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Total other income (expense) |  | 215 |  |  | (19 | ) |  | 15 |  |  | (230 | ) |  | (19 | )
INCOME (LOSS) BEFORE INCOME TAXES (BENEFITS) |  | (106 | ) |  | 277 |  |  | 112 |  |  | (241 | ) |  | 42 |
INCOME TAXES (BENEFITS) |  | (125 | ) |  | 102 |  |  | 45 |  |  | 1 |  |  | 23 |
NET INCOME (LOSS) |  | $ | 19 |  |  | $ | 175 |  |  | $ | 67 |  |  | $ | (242 | ) |  | $ | 19 |
STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |  |  |  |  |  |
NET INCOME (LOSS) |  | $ | 19 |  |  | $ | 175 |  |  | $ | 67 |  |  | $ | (242 | ) |  | $ | 19 |
OTHER COMPREHENSIVE INCOME (LOSS): |  |  |  |  |  |  |  |  |  |  |
Pension and OPEB prior service costs |  | (4 | ) |  | (4 | ) |  | — |  |  | 4 |  |  | (4 | )
Change in unrealized gains on available-for-sale securities |  | 6 |  |  | — |  |  | 6 |  |  | (6 | ) |  | 6 |
Other comprehensive income (loss) |  | 2 |  |  | (4 | ) |  | 6 |  |  | (2 | ) |  | 2 |
Income taxes (benefits) on other comprehensive income (loss) |  | — |  |  | (2 | ) |  | 2 |  |  | — |  |  | — |
Other comprehensive income (loss), net of tax |  | 2 |  |  | (2 | ) |  | 4 |  |  | (2 | ) |  | 2 |
COMPREHENSIVE INCOME (LOSS) |  | $ | 21 |  |  | $ | 173 |  |  | $ | 71 |  |  | $ | (244 | ) |  | $ | 21 |
FIRSTENERGY SOLUTIONS CORP.
CONDENSED CONSOLIDATING STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
For the Six Months Ended June 30, 2017 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
STATEMENTS OF INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
REVENUES |  | $ | 1,597 |  |  | $ | 710 |  |  | $ | 696 |  |  | $ | (1,348 | ) |  | $ | 1,655 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel |  | — |  |  | 204 |  |  | 94 |  |  | — |  |  | 298 |
Purchased power from affiliates |  | 1,474 |  |  | — |  |  | 76 |  |  | (1,348 | ) |  | 202 |
Purchased power from non-affiliates |  | 316 |  |  | — |  |  | — |  |  | — |  |  | 316 |
Other operating expenses |  | 177 |  |  | 283 |  |  | 320 |  |  | 24 |  |  | 804 |
Provision for depreciation |  | 6 |  |  | 16 |  |  | 31 |  |  | (1 | ) |  | 52 |
General taxes |  | 11 |  |  | 13 |  |  | 15 |  |  | — |  |  | 39 |
Total operating expenses |  | 1,984 |  |  | 516 |  |  | 536 |  |  | (1,325 | ) |  | 1,711 |
OPERATING INCOME (LOSS) |  | (387 | ) |  | 194 |  |  | 160 |  |  | (23 | ) |  | (56 | )
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income (loss), including net income (loss) from equity investees |  | 229 |  |  | 20 |  |  | 48 |  |  | (262 | ) |  | 35 |
Miscellaneous income |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Interest expense — affiliates |  | (38 | ) |  | (6 | ) |  | (2 | ) |  | 39 |  |  | (7 | )
Interest expense — other |  | (23 | ) |  | (53 | ) |  | (22 | ) |  | 28 |  |  | (70 | )
Capitalized interest |  | — |  |  | 1 |  |  | 13 |  |  | — |  |  | 14 |
Total other income (expense) |  | 168 |  |  | (38 | ) |  | 42 |  |  | (195 | ) |  | (23 | )
INCOME (LOSS) BEFORE INCOME TAXES (BENEFITS) |  | (219 | ) |  | 156 |  |  | 202 |  |  | (218 | ) |  | (79 | )
INCOME TAXES (BENEFITS) |  | (158 | ) |  | 60 |  |  | 78 |  |  | 2 |  |  | (18 | )
NET INCOME (LOSS) |  | $ | (61 | ) |  | $ | 96 |  |  | $ | 124 |  |  | $ | (220 | ) |  | $ | (61 | )
STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
NET INCOME (LOSS) |  | $ | (61 | ) |  | $ | 96 |  |  | $ | 124 |  |  | $ | (220 | ) |  | $ | (61 | )
OTHER COMPREHENSIVE INCOME (LOSS): |  |  |  |  |  |  |  |  |  |
Pension and OPEB prior service costs |  | (7 | ) |  | (7 | ) |  | — |  |  | 7 |  |  | (7 | )
Change in unrealized gains on available-for-sale securities |  | 22 |  |  | — |  |  | 22 |  |  | (22 | ) |  | 22 |
Other comprehensive income (loss) |  | 15 |  |  | (7 | ) |  | 22 |  |  | (15 | ) |  | 15 |
Income taxes (benefits) on other comprehensive income (loss) |  | 5 |  |  | (3 | ) |  | 8 |  |  | (5 | ) |  | 5 |
Other comprehensive income (loss), net of tax |  | 10 |  |  | (4 | ) |  | 14 |  |  | (10 | ) |  | 10 |
COMPREHENSIVE INCOME (LOSS) |  | $ | (51 | ) |  | $ | 92 |  |  | $ | 138 |  |  | $ | (230 | ) |  | $ | (51 | )
FIRSTENERGY SOLUTIONS CORP.
CONDENSED CONSOLIDATING STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
For the Three Months Ended June 30, 2016 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
STATEMENTS OF INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
REVENUES |  | $ | 1,061 |  |  | $ | 400 |  |  | $ | 473 |  |  | $ | (832 | ) |  | $ | 1,102 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel |  | — |  |  | 181 |  |  | 47 |  |  | — |  |  | 228 |
Purchased power from affiliates |  | 950 |  |  | — |  |  | 49 |  |  | (832 | ) |  | 167 |
Purchased power from non-affiliates |  | 266 |  |  | — |  |  | — |  |  | — |  |  | 266 |
Other operating expenses |  | 119 |  |  | 88 |  |  | 148 |  |  | 14 |  |  | 369 |
Provision for depreciation |  | 3 |  |  | 32 |  |  | 50 |  |  | (1 | ) |  | 84 |
General taxes |  | 7 |  |  | 6 |  |  | 6 |  |  | — |  |  | 19 |
Impairment of assets |  | 23 |  |  | 517 |  |  | — |  |  | — |  |  | 540 |
Total operating expenses |  | 1,368 |  |  | 824 |  |  | 300 |  |  | (819 | ) |  | 1,673 |
OPERATING INCOME (LOSS) |  | (307 | ) |  | (424 | ) |  | 173 |  |  | (13 | ) |  | (571 | )
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income (loss), including net income from equity investees |  | (163 | ) |  | 7 |  |  | 22 |  |  | 153 |  |  | 19 |
Miscellaneous income |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Interest expense — affiliates |  | (12 | ) |  | (2 | ) |  | — |  |  | 13 |  |  | (1 | )
Interest expense — other |  | (13 | ) |  | (26 | ) |  | (13 | ) |  | 15 |  |  | (37 | )
Capitalized interest |  | — |  |  | 2 |  |  | 6 |  |  | — |  |  | 8 |
Total other income (expense) |  | (187 | ) |  | (19 | ) |  | 15 |  |  | 181 |  |  | (10 | )
INCOME (LOSS) BEFORE INCOME TAXES (BENEFITS) |  | (494 | ) |  | (443 | ) |  | 188 |  |  | 168 |  |  | (581 | )
INCOME TAXES (BENEFITS) |  | (56 | ) |  | (149 | ) |  | 61 |  |  | 1 |  |  | (143 | )
NET INCOME (LOSS) |  | $ | (438 | ) |  | $ | (294 | ) |  | $ | 127 |  |  | $ | 167 |  |  | $ | (438 | )
STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
NET INCOME (LOSS) |  | $ | (438 | ) |  | $ | (294 | ) |  | $ | 127 |  |  | $ | 167 |  |  | $ | (438 | )
OTHER COMPREHENSIVE INCOME (LOSS): |  |  |  |  |  |  |  |  |  |
Pension and OPEB prior service costs |  | (3 | ) |  | (4 | ) |  | — |  |  | 4 |  |  | (3 | )
Amortized gains on derivative hedges |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Change in unrealized gains on available for sale securities |  | 33 |  |  | — |  |  | 32 |  |  | (32 | ) |  | 33 |
Other comprehensive income (loss) |  | 29 |  |  | (4 | ) |  | 32 |  |  | (28 | ) |  | 29 |
Income taxes (benefits) on other comprehensive income (loss) |  | 12 |  |  | (2 | ) |  | 13 |  |  | (11 | ) |  | 12 |
Other comprehensive income (loss), net of tax |  | 17 |  |  | (2 | ) |  | 19 |  |  | (17 | ) |  | 17 |
COMPREHENSIVE INCOME (LOSS) |  | $ | (421 | ) |  | $ | (296 | ) |  | $ | 146 |  |  | $ | 150 |  |  | $ | (421 | )
FIRSTENERGY SOLUTIONS CORP.
CONDENSED CONSOLIDATING STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
For the Six Months Ended June 30, 2016 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
STATEMENTS OF INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
REVENUES |  | $ | 2,216 |  |  | $ | 815 |  |  | $ | 1,004 |  |  | $ | (1,734 | ) |  | $ | 2,301 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel |  | — |  |  | 300 |  |  | 93 |  |  | — |  |  | 393 |
Purchased power from affiliates |  | 1,877 |  |  | — |  |  | 106 |  |  | (1,734 | ) |  | 249 |
Purchased power from non-affiliates |  | 643 |  |  | — |  |  | — |  |  | — |  |  | 643 |
Other operating expenses |  | 123 |  |  | 159 |  |  | 301 |  |  | 26 |  |  | 609 |
Provision for depreciation |  | 6 |  |  | 63 |  |  | 100 |  |  | (2 | ) |  | 167 |
General taxes |  | 15 |  |  | 16 |  |  | 14 |  |  | — |  |  | 45 |
Impairment of assets |  | 23 |  |  | 517 |  |  | — |  |  | — |  |  | 540 |
Total operating expenses |  | 2,687 |  |  | 1,055 |  |  | 614 |  |  | (1,710 | ) |  | 2,646 |
OPERATING INCOME (LOSS) |  | (471 | ) |  | (240 | ) |  | 390 |  |  | (24 | ) |  | (345 | )
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income, including net income from equity investees |  | 86 |  |  | 13 |  |  | 39 |  |  | (106 | ) |  | 32 |
Miscellaneous income |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 3 |
Interest expense — affiliates |  | (21 | ) |  | (4 | ) |  | (2 | ) |  | 24 |  |  | (3 | )
Interest expense — other |  | (26 | ) |  | (52 | ) |  | (24 | ) |  | 29 |  |  | (73 | )
Capitalized interest |  | — |  |  | 4 |  |  | 14 |  |  | — |  |  | 18 |
Total other income (expense) |  | 42 |  |  | (39 | ) |  | 27 |  |  | (53 | ) |  | (23 | )
INCOME (LOSS) BEFORE INCOME TAXES (BENEFITS) |  | (429 | ) |  | (279 | ) |  | 417 |  |  | (77 | ) |  | (368 | )
INCOME TAXES (BENEFITS) |  | (122 | ) |  | (88 | ) |  | 147 |  |  | 2 |  |  | (61 | )
NET INCOME (LOSS) |  | $ | (307 | ) |  | $ | (191 | ) |  | $ | 270 |  |  | $ | (79 | ) |  | $ | (307 | )
STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
NET INCOME (LOSS) |  | $ | (307 | ) |  | $ | (191 | ) |  | $ | 270 |  |  | $ | (79 | ) |  | $ | (307 | )
OTHER COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
Pension and OPEB prior service costs |  | (7 | ) |  | (7 | ) |  | — |  |  | 7 |  |  | (7 | )
Amortized gains on derivative hedges |  | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Change in unrealized gains on available-for-sale securities |  | 56 |  |  | — |  |  | 55 |  |  | (55 | ) |  | 56 |
Other comprehensive income (loss) |  | 48 |  |  | (7 | ) |  | 55 |  |  | (48 | ) |  | 48 |
Income taxes (benefits) on other comprehensive income (loss) |  | 19 |  |  | (3 | ) |  | 21 |  |  | (18 | ) |  | 19 |
Other comprehensive income (loss), net of tax |  | 29 |  |  | (4 | ) |  | 34 |  |  | (30 | ) |  | 29 |
COMPREHENSIVE INCOME (LOSS) |  | $ | (278 | ) |  | $ | (195 | ) |  | $ | 304 |  |  | $ | (109 | ) |  | $ | (278 | )
Condensed Consolidating Balance Sheets | FIRSTENERGY SOLUTIONS CORP. CONDENSED CONSOLIDATING BALANCE SHEETS
As of June 30, 2017 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
ASSETS |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
Receivables- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customers |  | 185 |  |  | — |  |  | — |  |  | — |  |  | 185 |
Affiliated companies |  | 300 |  |  | 240 |  |  | 237 |  |  | (392 | ) |  | 385 |
Other |  | 10 |  |  | 2 |  |  | — |  |  | — |  |  | 12 |
Notes receivable from affiliated companies |  | 361 |  |  | 1,599 |  |  | 1,366 |  |  | (3,326 | ) |  | — |
Materials and supplies |  | 41 |  |  | 137 |  |  | 82 |  |  | — |  |  | 260 |
Derivatives |  | 41 |  |  | — |  |  | — |  |  | — |  |  | 41 |
Collateral |  | 98 |  |  | 13 |  |  | — |  |  | — |  |  | 111 |
Prepayments and other |  | 40 |  |  | 11 |  |  | — |  |  | — |  |  | 51 |
|  | 1,076 |  |  | 2,004 |  |  | 1,685 |  |  | (3,718 | ) |  | 1,047 |
PROPERTY, PLANT AND EQUIPMENT: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
In service |  | 121 |  |  | 2,561 |  |  | 4,981 |  |  | (281 | ) |  | 7,382 |
Less — Accumulated provision for depreciation |  | 59 |  |  | 1,936 |  |  | 4,248 |  |  | (188 | ) |  | 6,055 |
|  | 62 |  |  | 625 |  |  | 733 |  |  | (93 | ) |  | 1,327 |
Construction work in progress |  | 2 |  |  | 55 |  |  | 242 |  |  | — |  |  | 299 |
|  | 64 |  |  | 680 |  |  | 975 |  |  | (93 | ) |  | 1,626 |
INVESTMENTS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nuclear plant decommissioning trusts |  | — |  |  | — |  |  | 1,793 |  |  | — |  |  | 1,793 |
Investment in affiliated companies |  | 3,230 |  |  | — |  |  | — |  |  | (3,230 | ) |  | — |
Other |  | — |  |  | 9 |  |  | — |  |  | — |  |  | 9 |
|  | 3,230 |  |  | 9 |  |  | 1,793 |  |  | (3,230 | ) |  | 1,802 |
DEFERRED CHARGES AND OTHER ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property taxes |  | — |  |  | 6 |  |  | 14 |  |  | — |  |  | 20 |
Accumulated deferred income tax benefits |  | 440 |  |  | 1,203 |  |  | 738 |  |  | (273 | ) |  | 2,108 |
Derivatives |  | 9 |  |  | — |  |  | — |  |  | — |  |  | 9 |
Other |  | 32 |  |  | 329 |  |  | — |  |  | 18 |  |  | 379 |
|  | 481 |  |  | 1,538 |  |  | 752 |  |  | (255 | ) |  | 2,516 |
|  | $ | 4,851 |  |  | $ | 4,231 |  |  | $ | 5,205 |  |  | $ | (7,296 | ) |  | $ | 6,991 |
LIABILITIES AND CAPITALIZATION |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Currently payable long-term debt |  | $ | — |  |  | $ | 183 |  |  | $ | 99 |  |  | $ | (27 | ) |  | $ | 255 |
Short-term borrowings - affiliated companies |  | 3,241 |  |  | 360 |  |  | — |  |  | (3,326 | ) |  | 275 |
Accounts payable- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Affiliated companies |  | 477 |  |  | 92 |  |  | 168 |  |  | (473 | ) |  | 264 |
Other |  | 17 |  |  | 74 |  |  | — |  |  | — |  |  | 91 |
Accrued taxes |  | 48 |  |  | 51 |  |  | 59 |  |  | (29 | ) |  | 129 |
Derivatives |  | 15 |  |  | 3 |  |  | — |  |  | — |  |  | 18 |
Other |  | 47 |  |  | 80 |  |  | 10 |  |  | 33 |  |  | 170 |
|  | 3,845 |  |  | 843 |  |  | 336 |  |  | (3,822 | ) |  | 1,202 |
CAPITALIZATION: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total equity |  | 239 |  |  | 914 |  |  | 2,217 |  |  | (3,131 | ) |  | 239 |
Long-term debt and other long-term obligations |  | 691 |  |  | 1,938 |  |  | 1,022 |  |  | (1,078 | ) |  | 2,573 |
|  | 930 |  |  | 2,852 |  |  | 3,239 |  |  | (4,209 | ) |  | 2,812 |
NONCURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred gain on sale and leaseback transaction |  | — |  |  | — |  |  | — |  |  | 740 |  |  | 740 |
Accumulated deferred income taxes |  | 5 |  |  | — |  |  | — |  |  | (5 | ) |  | — |
Retirement benefits |  | 27 |  |  | 178 |  |  | — |  |  | — |  |  | 205 |
Asset retirement obligations |  | — |  |  | 188 |  |  | 787 |  |  | — |  |  | 975 |
Derivatives |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Other |  | 43 |  |  | 170 |  |  | 843 |  |  | — |  |  | 1,056 |
|  | 76 |  |  | 536 |  |  | 1,630 |  |  | 735 |  |  | 2,977 |
|  | $ | 4,851 |  |  | $ | 4,231 |  |  | $ | 5,205 |  |  | $ | (7,296 | ) |  | $ | 6,991 |
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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property taxes |  | — |  |  | 12 |  |  | 28 |  |  | — |  |  | 40 |
Accumulated deferred income tax benefits |  | 395 |  |  | 1,271 |  |  | 883 |  |  | (270 | ) |  | 2,279 |
Derivatives |  | 77 |  |  | — |  |  | — |  |  | — |  |  | 77 |
Other |  | 33 |  |  | 327 |  |  | — |  |  | 21 |  |  | 381 |
|  | 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 |
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 |
Condensed Consolidating Statements of Cash Flows | FIRSTENERGY SOLUTIONS CORP. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Six Months Ended June 30, 2017 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
NET CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES |  | $ | (411 | ) |  | $ | 340 |  |  | $ | 379 |  |  | $ | (13 | ) |  | $ | 295 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New Financing- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term borrowings, net |  | 272 |  |  | — |  |  | — |  |  | (98 | ) |  | 174 |
Redemptions and Repayments- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  |  | (171 | ) |  | (5 | ) |  | 13 |  |  | (163 | )
Short-term borrowings, net |  | — |  |  | (122 | ) |  | — |  |  | 122 |  |  | — |
Other |  | (1 | ) |  | (3 | ) |  | — |  |  | — |  |  | (4 | )
Net cash provided from (used for) financing activities |  | 271 |  |  | (296 | ) |  | (5 | ) |  | 37 |  |  | 7 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property additions |  | — |  |  | (30 | ) |  | (139 | ) |  | — |  |  | (169 | )
Nuclear fuel |  | — |  |  | — |  |  | (134 | ) |  | — |  |  | (134 | )
Sales of investment securities held in trusts |  | — |  |  | — |  |  | 437 |  |  | — |  |  | 437 |
Purchases of investment securities held in trusts |  | — |  |  | — |  |  | (466 | ) |  | — |  |  | (466 | )
Loans to affiliated companies, net |  | 140 |  |  | (14 | ) |  | (73 | ) |  | (24 | ) |  | 29 |
Other |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Net cash provided from (used for) investing activities |  | 140 |  |  | (44 | ) |  | (374 | ) |  | (24 | ) |  | (302 | )
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 Six Months Ended June 30, 2016 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
NET CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES |  | $ | (335 | ) |  | $ | 308 |  |  | $ | 596 |  |  | $ | (12 | ) |  | $ | 557 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New Financing- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term borrowings, net |  | 322 |  |  | 89 |  |  | 8 |  |  | (209 | ) |  | 210 |
Redemptions and Repayments- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  |  | (12 | ) |  | (245 | ) |  | 12 |  |  | (245 | )
Other |  | (1 | ) |  | (2 | ) |  | — |  |  | — |  |  | (3 | )
Net cash provided from (used for) financing activities |  | 321 |  |  | 75 |  |  | (237 | ) |  | (197 | ) |  | (38 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property additions |  | (27 | ) |  | (126 | ) |  | (182 | ) |  | — |  |  | (335 | )
Nuclear fuel |  | — |  |  | — |  |  | (188 | ) |  | — |  |  | (188 | )
Sales of investment securities held in trusts |  | — |  |  | — |  |  | 441 |  |  | — |  |  | 441 |
Purchases of investment securities held in trusts |  | — |  |  | — |  |  | (467 | ) |  | — |  |  | (467 | )
Cash Investments |  | 11 |  |  | — |  |  | — |  |  | — |  |  | 11 |
Loans to affiliated companies, net |  | 22 |  |  | (257 | ) |  | 37 |  |  | 209 |  |  | 11 |
Other |  | 8 |  |  | — |  |  | — |  |  | — |  |  | 8 |
Net cash provided from (used for) investing activities |  | 14 |  |  | (383 | ) |  | (359 | ) |  | 209 |  |  | (519 | )
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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