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Regulatory Matters (Tables)
 12 Months Ended
Dec. 31, 2019
Regulated Operations [Abstract]  
Distribution Rate Orders
CompanyRates EffectiveAllowed Debt/EquityAllowed ROE
CEIMay 200951% / 49%10.5%
ME(1)
January 201748.8% / 51.2%
Settled(2)
MPFebruary 201554% / 46%
Settled(2)
JCP&LJanuary 201755% / 45%9.6%
OEJanuary 200951% / 49%10.5%
PE (West Virginia)February 201554% / 46%
Settled(2)
PE (Maryland)March 201947% / 53%9.65%
PN(1)
January 201747.4% / 52.6%
Settled(2)
Penn(1)
January 201749.9% / 50.1%
Settled(2)
TEJanuary 200951% / 49%10.5%
WP(1)
January 201749.7% / 50.3%
Settled(2)
(1) Reflects filed debt/equity as final settlement/orders do not specifically include capital structure.
(2) Commission-approved settlement agreements did not disclose ROE rates.
The following table summarizes the key terms of rate orders in effect for transmission customer billings for FirstEnergy's transmission owner entities as of December 31, 2019:
CompanyRates EffectiveCapital StructureAllowed ROE
ATSIJanuary 1, 2015Actual (13 month average)10.38%
JCP&L
June 1, 2017(1)
Settled(1)(3)
Settled(1)(3)
MP
March 21, 2018(2)
Settled(3)
Settled(3)
PE
March 21, 2018(2)
Settled(3)
Settled(3)
WP
March 21, 2018(2)
Settled(3)
Settled(3)
MAITJuly 1, 2017Lower of Actual (13 month average) or 60%10.3%
TrAILJuly 1, 2008Actual (year-end)12.7% (TrAIL the Line & Black Oak SVC)
11.7% (All other projects)
(1) Effective on January 1, 2020, JCP&L has implemented a forward-looking formula rate, which has been accepted by FERC, subject to refund, pending further hearing and settlement proceedings.
(2) See FERC Actions on Tax Act below.
(3) FERC-approved settlement agreements did not specify.