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Capitalization (Tables)

12 Months Ended

Dec. 31, 2019

Capitalization, Long-term Debt and Equity [Abstract]

Preferred stock and preference stock authorizations

FirstEnergy and the Utilities were authorized to issue preferred stock and preference stock as of December 31, 2019, as follows:

						Preferred Stock												Preference Stock
						Shares Authorized						Par Value						Shares Authorized						Par Value
FE						5,000,000						$	100
OE						6,000,000						$	100					8,000,000						no par
OE						8,000,000						$	25
Penn						1,200,000						$	100
CEI						4,000,000						no par						3,000,000						no par
TE						3,000,000						$	100					5,000,000						$	25
TE						12,000,000						$	25
JCP&L						15,600,000						no par
ME						10,000,000						no par
PN						11,435,000						no par
MP						940,000						$	100
PE						10,000,000						$	0.01
WP						32,000,000						no par

Outstanding consolidated long-term debt and other long-term obligations

The following tables present outstanding long-term debt and finance lease obligations for FirstEnergy as of December 31, 2019 and 2018:

						As of December 31, 2019												As of December 31,
(Dollar amounts in millions)						Maturity Date						Interest Rate						2019						2018
FMBs and secured notes - fixed rate						2020-2059						1.726% - 8.250%						$	4,741					$	4,355
Unsecured notes - fixed rate						2020-2049						2.850% - 7.375%						14,575						13,450
Unsecured notes - variable rate						2021						2.480%						750						500
Finance lease obligations																		60						73
Unamortized debt discounts																		(33)						(39)
Unamortized debt issuance costs																		(103)						(95)
Unamortized fair value adjustments																		8						10
Currently payable long-term debt																		(380)						(503)
Total long-term debt and other long-term obligations																		$	19,618					$	17,751

Sinking fund requirements for FMBs and maturing long-term debt (excluding capital leases and variable rate PCRBs) for the next five years

The following table presents scheduled debt repayments for outstanding long-term debt, excluding finance leases, fair value purchase accounting adjustments and unamortized debt discounts and premiums, for the next five years as of December 31, 2019. PCRBs that are scheduled to be tendered for mandatory purchase prior to maturity are reflected in the applicable year in which such PCRBs are scheduled to be tendered.

Year
						(In millions)
2020						$	364
2021						$	882
2022						$	1,142
2023						$	1,194
2024						$	1,246

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Long Term Debt By Maturity.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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