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Supplemental Guarantor Information | 9 Months Ended
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Sep. 30, 2017
Supplemental Guarantor Information [Abstract] |
SUPPLEMENTAL GUARANTOR INFORMATION | SUPPLEMENTAL GUARANTOR INFORMATION In 2007, FG, a 100% owned subsidiary of FES, completed a sale and leaseback transaction for a 93.83% undivided interest in Bruce Mansfield Unit 1. FG's parent company, 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 FG or its parent company, 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 three and nine months ended September 30, 2017 and 2016, Condensed Consolidating Balance Sheets as of September 30, 2017 and December 31, 2016, and Condensed Consolidating Statements of Cash Flows for the nine months ended September 30, 2017 and 2016, 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 AND COMPREHENSIVE INCOME
For the Three Months Ended September 30, 2017 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
STATEMENTS OF INCOME |  |  |  |  |  |  |  |  |  |
REVENUES |  | $ | 741 |  |  | $ | 231 |  |  | $ | 292 |  |  | $ | (521 | ) |  | $ | 743 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel |  | — |  |  | 108 |  |  | 57 |  |  | — |  |  | 165 |
Purchased power from affiliates |  | 520 |  |  | — |  |  | 1 |  |  | (521 | ) |  | — |
Purchased power from non-affiliates |  | 152 |  |  | — |  |  | — |  |  | — |  |  | 152 |
Other operating expenses |  | 70 |  |  | 62 |  |  | 147 |  |  | 12 |  |  | 291 |
Provision for depreciation |  | 3 |  |  | 8 |  |  | 18 |  |  | (1 | ) |  | 28 |
General taxes |  | 4 |  |  | 3 |  |  | (2 | ) |  | — |  |  | 5 |
Total operating expenses |  | 749 |  |  | 181 |  |  | 221 |  |  | (510 | ) |  | 641 |
OPERATING INCOME (LOSS) |  | (8 | ) |  | 50 |  |  | 71 |  |  | (11 | ) |  | 102 |
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income (loss), including net income from equity investees |  | 106 |  |  | 11 |  |  | 43 |  |  | (121 | ) |  | 39 |
Miscellaneous income |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Interest expense — affiliates |  | (20 | ) |  | (3 | ) |  | 1 |  |  | 16 |  |  | (6 | )
Interest expense — other |  | (12 | ) |  | (25 | ) |  | (11 | ) |  | 14 |  |  | (34 | )
Capitalized interest |  | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Total other income (expense) |  | 75 |  |  | (17 | ) |  | 39 |  |  | (91 | ) |  | 6 |
INCOME BEFORE INCOME TAXES (BENEFITS) |  | 67 |  |  | 33 |  |  | 110 |  |  | (102 | ) |  | 108 |
INCOME TAXES (BENEFITS) |  | (9 | ) |  | 6 |  |  | 34 |  |  | 1 |  |  | 32 |
NET INCOME |  | $ | 76 |  |  | $ | 27 |  |  | $ | 76 |  |  | $ | (103 | ) |  | $ | 76 |
STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |  |  |  |  |  |
NET INCOME |  | $ | 76 |  |  | $ | 27 |  |  | $ | 76 |  |  | $ | (103 | ) |  | $ | 76 |
OTHER COMPREHENSIVE INCOME (LOSS): |  |  |  |  |  |  |  |  |  |  |
Pension and OPEB prior service costs |  | (3 | ) |  | (3 | ) |  | — |  |  | 3 |  |  | (3 | )
Amortized gains on derivative hedges |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Change in unrealized gains on available-for-sale securities |  | (6 | ) |  | — |  |  | (6 | ) |  | 6 |  |  | (6 | )
Other comprehensive loss |  | (8 | ) |  | (3 | ) |  | (6 | ) |  | 9 |  |  | (8 | )
Income tax benefits on other comprehensive loss |  | (3 | ) |  | (1 | ) |  | (2 | ) |  | 3 |  |  | (3 | )
Other comprehensive loss, net of tax |  | (5 | ) |  | (2 | ) |  | (4 | ) |  | 6 |  |  | (5 | )
COMPREHENSIVE INCOME |  | $ | 71 |  |  | $ | 25 |  |  | $ | 72 |  |  | $ | (97 | ) |  | $ | 71 |
FIRSTENERGY SOLUTIONS CORP.
CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
For the Nine Months Ended September 30, 2017 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
STATEMENTS OF INCOME |  |  |  |  |  |  |  |  |  |
REVENUES |  | $ | 2,338 |  |  | $ | 941 |  |  | $ | 988 |  |  | $ | (1,869 | ) |  | $ | 2,398 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel |  | — |  |  | 312 |  |  | 151 |  |  | — |  |  | 463 |
Purchased power from affiliates |  | 1,994 |  |  | — |  |  | 77 |  |  | (1,869 | ) |  | 202 |
Purchased power from non-affiliates |  | 468 |  |  | — |  |  | — |  |  | — |  |  | 468 |
Other operating expenses |  | 247 |  |  | 345 |  |  | 467 |  |  | 36 |  |  | 1,095 |
Provision for depreciation |  | 9 |  |  | 24 |  |  | 49 |  |  | (2 | ) |  | 80 |
General taxes |  | 15 |  |  | 16 |  |  | 13 |  |  | — |  |  | 44 |
Total operating expenses |  | 2,733 |  |  | 697 |  |  | 757 |  |  | (1,835 | ) |  | 2,352 |
OPERATING INCOME (LOSS) |  | (395 | ) |  | 244 |  |  | 231 |  |  | (34 | ) |  | 46 |
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income (loss), including net income (loss) from equity investees |  | 335 |  |  | 31 |  |  | 91 |  |  | (383 | ) |  | 74 |
Miscellaneous income |  | 1 |  |  | — |  |  | 5 |  |  | — |  |  | 6 |
Interest expense — affiliates |  | (58 | ) |  | (9 | ) |  | (1 | ) |  | 55 |  |  | (13 | )
Interest expense — other |  | (35 | ) |  | (78 | ) |  | (33 | ) |  | 42 |  |  | (104 | )
Capitalized interest |  | — |  |  | 1 |  |  | 19 |  |  | — |  |  | 20 |
Total other income (expense) |  | 243 |  |  | (55 | ) |  | 81 |  |  | (286 | ) |  | (17 | )
INCOME (LOSS) BEFORE INCOME TAXES (BENEFITS) |  | (152 | ) |  | 189 |  |  | 312 |  |  | (320 | ) |  | 29 |
INCOME TAXES (BENEFITS) |  | (167 | ) |  | 66 |  |  | 112 |  |  | 3 |  |  | 14 |
NET INCOME |  | $ | 15 |  |  | $ | 123 |  |  | $ | 200 |  |  | $ | (323 | ) |  | $ | 15 |
STATEMENTS OF COMPREHENSIVE INCOME |  |  |  |  |  |  |  |  |  |
NET INCOME |  | $ | 15 |  |  | $ | 123 |  |  | $ | 200 |  |  | $ | (323 | ) |  | $ | 15 |
OTHER COMPREHENSIVE INCOME (LOSS): |  |  |  |  |  |  |  |  |  |
Pension and OPEB prior service costs |  | (10 | ) |  | (10 | ) |  | — |  |  | 10 |  |  | (10 | )
Amortized gains on derivative hedges |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Change in unrealized gains on available-for-sale securities |  | 16 |  |  | — |  |  | 16 |  |  | (16 | ) |  | 16 |
Other comprehensive income (loss) |  | 7 |  |  | (10 | ) |  | 16 |  |  | (6 | ) |  | 7 |
Income taxes (benefits) on other comprehensive income (loss) |  | 2 |  |  | (4 | ) |  | 6 |  |  | (2 | ) |  | 2 |
Other comprehensive income (loss), net of tax |  | 5 |  |  | (6 | ) |  | 10 |  |  | (4 | ) |  | 5 |
COMPREHENSIVE INCOME |  | $ | 20 |  |  | $ | 117 |  |  | $ | 210 |  |  | $ | (327 | ) |  | $ | 20 |
FIRSTENERGY SOLUTIONS CORP.
CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
For the Three Months Ended September 30, 2016 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
STATEMENTS OF INCOME |  |  |  |  |  |  |  |  |  |
REVENUES |  | $ | 1,065 |  |  | $ | 494 |  |  | $ | 400 |  |  | $ | (859 | ) |  | $ | 1,100 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel |  | — |  |  | 149 |  |  | 53 |  |  | — |  |  | 202 |
Purchased power from affiliates |  | 1,011 |  |  | — |  |  | 39 |  |  | (859 | ) |  | 191 |
Purchased power from non-affiliates |  | 186 |  |  | — |  |  | — |  |  | — |  |  | 186 |
Other operating expenses |  | 95 |  |  | 61 |  |  | 149 |  |  | 11 |  |  | 316 |
Provision for depreciation |  | 4 |  |  | 28 |  |  | 51 |  |  | — |  |  | 83 |
General taxes |  | 8 |  |  | 7 |  |  | 6 |  |  | — |  |  | 21 |
Total operating expenses |  | 1,304 |  |  | 245 |  |  | 298 |  |  | (848 | ) |  | 999 |
OPERATING INCOME (LOSS) |  | (239 | ) |  | 249 |  |  | 102 |  |  | (11 | ) |  | 101 |
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income, including net income from equity investees |  | 224 |  |  | 8 |  |  | 28 |  |  | (236 | ) |  | 24 |
Miscellaneous income |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Interest expense — affiliates |  | (13 | ) |  | (3 | ) |  | (2 | ) |  | 15 |  |  | (3 | )
Interest expense — other |  | (14 | ) |  | (27 | ) |  | (9 | ) |  | 14 |  |  | (36 | )
Capitalized interest |  | — |  |  | 3 |  |  | 6 |  |  | — |  |  | 9 |
Total other income (expense) |  | 197 |  |  | (18 | ) |  | 23 |  |  | (207 | ) |  | (5 | )
INCOME (LOSS) BEFORE INCOME TAXES (BENEFITS) |  | (42 | ) |  | 231 |  |  | 125 |  |  | (218 | ) |  | 96 |
INCOME TAXES (BENEFITS) |  | (82 | ) |  | 87 |  |  | 49 |  |  | 2 |  |  | 56 |
NET INCOME |  | $ | 40 |  |  | $ | 144 |  |  | $ | 76 |  |  | $ | (220 | ) |  | $ | 40 |
STATEMENTS OF COMPREHENSIVE INCOME |  |  |  |  |  |  |  |  |  |
NET INCOME |  | $ | 40 |  |  | $ | 144 |  |  | $ | 76 |  |  | $ | (220 | ) |  | $ | 40 |
OTHER COMPREHENSIVE INCOME (LOSS): |  |  |  |  |  |  |  |  |  |
Pension and OPEB prior service costs |  | (3 | ) |  | (3 | ) |  | — |  |  | 3 |  |  | (3 | )
Amortized gains on derivative hedges |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Change in unrealized gains on available for sale securities |  | 5 |  |  | — |  |  | 5 |  |  | (5 | ) |  | 5 |
Other comprehensive income (loss) |  | 3 |  |  | (3 | ) |  | 5 |  |  | (2 | ) |  | 3 |
Income taxes (benefits) on other comprehensive income (loss) |  | 1 |  |  | (1 | ) |  | 2 |  |  | (1 | ) |  | 1 |
Other comprehensive income (loss), net of tax |  | 2 |  |  | (2 | ) |  | 3 |  |  | (1 | ) |  | 2 |
COMPREHENSIVE INCOME |  | $ | 42 |  |  | $ | 142 |  |  | $ | 79 |  |  | $ | (221 | ) |  | $ | 42 |
FIRSTENERGY SOLUTIONS CORP.
CONDENSED CONSOLIDATING STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
For the Nine Months Ended September 30, 2016 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
STATEMENTS OF INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
REVENUES |  | $ | 3,281 |  |  | $ | 1,309 |  |  | $ | 1,404 |  |  | $ | (2,593 | ) |  | $ | 3,401 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel |  | — |  |  | 449 |  |  | 146 |  |  | — |  |  | 595 |
Purchased power from affiliates |  | 2,888 |  |  | — |  |  | 145 |  |  | (2,593 | ) |  | 440 |
Purchased power from non-affiliates |  | 829 |  |  | — |  |  | — |  |  | — |  |  | 829 |
Other operating expenses |  | 218 |  |  | 220 |  |  | 450 |  |  | 37 |  |  | 925 |
Provision for depreciation |  | 10 |  |  | 91 |  |  | 151 |  |  | (2 | ) |  | 250 |
General taxes |  | 23 |  |  | 23 |  |  | 20 |  |  | — |  |  | 66 |
Impairment of assets |  | 23 |  |  | 517 |  |  | — |  |  | — |  |  | 540 |
Total operating expenses |  | 3,991 |  |  | 1,300 |  |  | 912 |  |  | (2,558 | ) |  | 3,645 |
OPERATING INCOME (LOSS) |  | (710 | ) |  | 9 |  |  | 492 |  |  | (35 | ) |  | (244 | )
OTHER INCOME (EXPENSE): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income, including net income (loss) from equity investees |  | 310 |  |  | 21 |  |  | 67 |  |  | (342 | ) |  | 56 |
Miscellaneous income |  | 3 |  |  | 1 |  |  | — |  |  | — |  |  | 4 |
Interest expense — affiliates |  | (34 | ) |  | (7 | ) |  | (4 | ) |  | 39 |  |  | (6 | )
Interest expense — other |  | (40 | ) |  | (79 | ) |  | (33 | ) |  | 43 |  |  | (109 | )
Capitalized interest |  | — |  |  | 7 |  |  | 20 |  |  | — |  |  | 27 |
Total other income (expense) |  | 239 |  |  | (57 | ) |  | 50 |  |  | (260 | ) |  | (28 | )
INCOME (LOSS) BEFORE INCOME TAXES (BENEFITS) |  | (471 | ) |  | (48 | ) |  | 542 |  |  | (295 | ) |  | (272 | )
INCOME TAXES (BENEFITS) |  | (204 | ) |  | (1 | ) |  | 196 |  |  | 4 |  |  | (5 | )
NET INCOME (LOSS) |  | $ | (267 | ) |  | $ | (47 | ) |  | $ | 346 |  |  | $ | (299 | ) |  | $ | (267 | )
STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
NET INCOME (LOSS) |  | $ | (267 | ) |  | $ | (47 | ) |  | $ | 346 |  |  | $ | (299 | ) |  | $ | (267 | )
OTHER COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |  |  |  |  |
Pension and OPEB prior service costs |  | (10 | ) |  | (10 | ) |  | — |  |  | 10 |  |  | (10 | )
Amortized gains on derivative hedges |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Change in unrealized gains on available-for-sale securities |  | 61 |  |  | — |  |  | 60 |  |  | (60 | ) |  | 61 |
Other comprehensive income (loss) |  | 51 |  |  | (10 | ) |  | 60 |  |  | (50 | ) |  | 51 |
Income taxes (benefits) on other comprehensive income (loss) |  | 20 |  |  | (4 | ) |  | 23 |  |  | (19 | ) |  | 20 |
Other comprehensive income (loss), net of tax |  | 31 |  |  | (6 | ) |  | 37 |  |  | (31 | ) |  | 31 |
COMPREHENSIVE INCOME (LOSS) |  | $ | (236 | ) |  | $ | (53 | ) |  | $ | 383 |  |  | $ | (330 | ) |  | $ | (236 | )
FIRSTENERGY SOLUTIONS CORP. CONDENSED CONSOLIDATING BALANCE SHEETS
As of September 30, 2017 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
ASSETS |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
Receivables- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customers |  | 171 |  |  | — |  |  | — |  |  | — |  |  | 171 |
Affiliated companies |  | 194 |  |  | 175 |  |  | 193 |  |  | (235 | ) |  | 327 |
Other |  | 9 |  |  | 4 |  |  | — |  |  | — |  |  | 13 |
Notes receivable from affiliated companies |  | 364 |  |  | 1,765 |  |  | 1,481 |  |  | (3,610 | ) |  | — |
Materials and supplies |  | 34 |  |  | 147 |  |  | 82 |  |  | — |  |  | 263 |
Derivatives |  | 31 |  |  | — |  |  | — |  |  | — |  |  | 31 |
Collateral |  | 101 |  |  | 25 |  |  | — |  |  | — |  |  | 126 |
Prepaid taxes and other |  | 12 |  |  | 16 |  |  | 1 |  |  | — |  |  | 29 |
|  | 916 |  |  | 2,134 |  |  | 1,757 |  |  | (3,845 | ) |  | 962 |
PROPERTY, PLANT AND EQUIPMENT: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
In service |  | 121 |  |  | 2,587 |  |  | 5,016 |  |  | (281 | ) |  | 7,443 |
Less — Accumulated provision for depreciation |  | 61 |  |  | 1,942 |  |  | 4,309 |  |  | (189 | ) |  | 6,123 |
|  | 60 |  |  | 645 |  |  | 707 |  |  | (92 | ) |  | 1,320 |
Construction work in progress |  | 2 |  |  | 45 |  |  | 241 |  |  | — |  |  | 288 |
|  | 62 |  |  | 690 |  |  | 948 |  |  | (92 | ) |  | 1,608 |
INVESTMENTS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nuclear plant decommissioning trusts |  | — |  |  | — |  |  | 1,823 |  |  | — |  |  | 1,823 |
Investment in affiliated companies |  | 3,347 |  |  | — |  |  | — |  |  | (3,347 | ) |  | — |
Other |  | — |  |  | 9 |  |  | — |  |  | — |  |  | 9 |
|  | 3,347 |  |  | 9 |  |  | 1,823 |  |  | (3,347 | ) |  | 1,832 |
DEFERRED CHARGES AND OTHER ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property taxes |  | — |  |  | 2 |  |  | 4 |  |  | — |  |  | 6 |
Accumulated deferred income tax benefits |  | 428 |  |  | 1,212 |  |  | 690 |  |  | (273 | ) |  | 2,057 |
Derivatives |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |
Other |  | 31 |  |  | 328 |  |  | — |  |  | 10 |  |  | 369 |
|  | 464 |  |  | 1,542 |  |  | 694 |  |  | (263 | ) |  | 2,437 |
|  | $ | 4,789 |  |  | $ | 4,375 |  |  | $ | 5,222 |  |  | $ | (7,547 | ) |  | $ | 6,839 |
LIABILITIES AND CAPITALIZATION |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Currently payable long-term debt |  | $ | — |  |  | $ | 180 |  |  | $ | 114 |  |  | $ | (27 | ) |  | $ | 267 |
Short-term borrowings - affiliated companies |  | 3,299 |  |  | 497 |  |  | — |  |  | (3,610 | ) |  | 186 |
Accounts payable- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Affiliated companies |  | 329 |  |  | 87 |  |  | 143 |  |  | (329 | ) |  | 230 |
Other |  | 11 |  |  | 87 |  |  | — |  |  | — |  |  | 98 |
Accrued taxes |  | 16 |  |  | 12 |  |  | 19 |  |  | (15 | ) |  | 32 |
Derivatives |  | 10 |  |  | 2 |  |  | — |  |  | — |  |  | 12 |
Other |  | 28 |  |  | 92 |  |  | 14 |  |  | 33 |  |  | 167 |
|  | 3,693 |  |  | 957 |  |  | 290 |  |  | (3,948 | ) |  | 992 |
CAPITALIZATION: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total equity |  | 328 |  |  | 946 |  |  | 2,301 |  |  | (3,247 | ) |  | 328 |
Long-term debt and other long-term obligations |  | 691 |  |  | 1,941 |  |  | 1,006 |  |  | (1,079 | ) |  | 2,559 |
|  | 1,019 |  |  | 2,887 |  |  | 3,307 |  |  | (4,326 | ) |  | 2,887 |
NONCURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred gain on sale and leaseback transaction |  | — |  |  | — |  |  | — |  |  | 732 |  |  | 732 |
Accumulated deferred income taxes |  | 5 |  |  | — |  |  | — |  |  | (5 | ) |  | — |
Retirement benefits |  | 26 |  |  | 181 |  |  | — |  |  | — |  |  | 207 |
Asset retirement obligations |  | — |  |  | 187 |  |  | 801 |  |  | — |  |  | 988 |
Other |  | 46 |  |  | 163 |  |  | 824 |  |  | — |  |  | 1,033 |
|  | 77 |  |  | 531 |  |  | 1,625 |  |  | 727 |  |  | 2,960 |
|  | $ | 4,789 |  |  | $ | 4,375 |  |  | $ | 5,222 |  |  | $ | (7,547 | ) |  | $ | 6,839 |
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 |
Prepaid taxes 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 |
Other |  | 94 |  |  | 85 |  |  | 860 |  |  | — |  |  | 1,039 |
|  | 123 |  |  | 448 |  |  | 1,573 |  |  | 750 |  |  | 2,894 |
|  | $ | 4,938 |  |  | $ | 4,360 |  |  | $ | 5,181 |  |  | $ | (7,238 | ) |  | $ | 7,241 |
FIRSTENERGY SOLUTIONS CORP. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Nine Months Ended September 30, 2017 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
NET CASH (USED FOR) PROVIDED FROM OPERATING ACTIVITIES |  | $ | (463 | ) |  | $ | 387 |  |  | $ | 547 |  |  | $ | (13 | ) |  | $ | 458 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New Financing- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term borrowings, net |  | 330 |  |  | 14 |  |  | — |  |  | (259 | ) |  | 85 |
Redemptions and Repayments- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  |  | (171 | ) |  | (5 | ) |  | 13 |  |  | (163 | )
Other |  | — |  |  | (5 | ) |  | — |  |  | — |  |  | (5 | )
Net cash (used for) provided from financing activities |  | 330 |  |  | (162 | ) |  | (5 | ) |  | (246 | ) |  | (83 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property additions |  | (1 | ) |  | (46 | ) |  | (154 | ) |  | — |  |  | (201 | )
Nuclear fuel |  | — |  |  | — |  |  | (156 | ) |  | — |  |  | (156 | )
Sales of investment securities held in trusts |  | — |  |  | — |  |  | 834 |  |  | — |  |  | 834 |
Purchases of investment securities held in trusts |  | — |  |  | — |  |  | (878 | ) |  | — |  |  | (878 | )
Loans to affiliated companies, net |  | 137 |  |  | (179 | ) |  | (188 | ) |  | 259 |  |  | 29 |
Other |  | (3 | ) |  | — |  |  | — |  |  | — |  |  | (3 | )
Net cash (used for) provided from investing activities |  | 133 |  |  | (225 | ) |  | (542 | ) |  | 259 |  |  | (375 | )
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 Nine Months Ended September 30, 2016 |  | FES |  | FG |  | NG |  | Eliminations |  | Consolidated
|  | (In millions)
NET CASH (USED FOR) PROVIDED FROM OPERATING ACTIVITIES |  | $ | (605 | ) |  | $ | 402 |  |  | $ | 820 |  |  | $ | (12 | ) |  | $ | 605 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New Financing- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  |  | 186 |  |  | 285 |  |  | — |  |  | 471 |
Short-term borrowings, net |  | 701 |  |  | 92 |  |  | — |  |  | (692 | ) |  | 101 |
Redemptions and Repayments- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  |  | (211 | ) |  | (304 | ) |  | 12 |  |  | (503 | )
Other |  | — |  |  | (6 | ) |  | (2 | ) |  | — |  |  | (8 | )
Net cash (used for) provided from financing activities |  | 701 |  |  | 61 |  |  | (21 | ) |  | (680 | ) |  | 61 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property additions |  | (28 | ) |  | (171 | ) |  | (233 | ) |  | — |  |  | (432 | )
Nuclear fuel |  | — |  |  | — |  |  | (195 | ) |  | — |  |  | (195 | )
Sales of investment securities held in trusts |  | — |  |  | — |  |  | 576 |  |  | — |  |  | 576 |
Purchases of investment securities held in trusts |  | — |  |  | — |  |  | (619 | ) |  | — |  |  | (619 | )
Loans to affiliated companies, net |  | (87 | ) |  | (292 | ) |  | (328 | ) |  | 692 |  |  | (15 | )
Other |  | 19 |  |  | — |  |  | — |  |  | — |  |  | 19 |
Net cash (used for) provided from investing activities |  | (96 | ) |  | (463 | ) |  | (799 | ) |  | 692 |  |  | (666 | )
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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