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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
FE and its subsidiaries are principally involved in the transmission, distribution and generation of electricity through its reportable segments, Regulated Distribution and Regulated Transmission.

The Regulated Distribution segment distributes electricity through FirstEnergy’s ten utility operating companies, serving approximately six million customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York, and purchases power for its POLR, SOS, SSO and default service requirements in Ohio, Pennsylvania, New Jersey, and Maryland. This segment also controls 3,580 MWs of regulated electric generation capacity located primarily in West Virginia and Virginia. The segment's results reflect the costs of securing and delivering electric generation from transmission facilities to customers, including the deferral and amortization of certain related costs. The transaction to transfer TMI-2 to TMI-2 Solutions, LLC was consummated on December 18, 2020, and as a result, during the fourth quarter of 2020 FirstEnergy recognized an after-tax gain of approximately $33 million, primarily associated with the write-off of a tax related regulatory liability. Included within the segment is $45 million of assets classified as held for sale as of December 31, 2020 associated with the asset purchase agreement with Yards Creek; see Note 12, "Regulatory Matters," for additional information.

The Regulated Transmission segment provides transmission infrastructure owned and operated by the Transmission Companies and certain of FirstEnergy's utilities (JCP&L, MP, PE and WP) to transmit electricity from generation sources to distribution facilities. The segment's revenues are primarily derived from forward-looking formula rates. Under forward-looking formula rates, the revenue requirement is updated annually based on a projected rate base and projected costs, which is subject to an annual true-up based on actual rate base and costs. The segment's results also reflect the net transmission expenses
related to the delivery of electricity on FirstEnergy's transmission facilities. On November 6, 2021, FirstEnergy, along with FET, entered into the FET P&SA, with Brookfield and Brookfield Guarantors pursuant to which FET agreed to issue and sell to Brookfield at the closing, and Brookfield agreed to purchase from FET, certain newly issued membership interests of FET, such that Brookfield will own 19.9% of the issued and outstanding membership interests of FET, for a purchase price of $2.375 billion. The transaction is subject to customary closing conditions, including approval from the FERC and review by the CFIUS. KATCo, which is currently a subsidiary of FET, will become a wholly owned subsidiary of FE prior to the closing of the transaction and will remain in the Regulated Transmission segment.

Corporate/Other reflects corporate support and other costs not charged or attributable to the Utilities or Transmission Companies, including FE's retained Pension and OPEB assets and liabilities of the FES Debtors, interest expense on FE’s holding company debt and other businesses that do not constitute an operating segment. Reconciling adjustments for the elimination of inter-segment transaction are shown separately in the following table of Segment Financial Information. As of December 31, 2021, 67 MWs of electric generating capacity, representing AE Supply's OVEC capacity entitlement, is included in Corporate/Other. As of December 31, 2021, Corporate/Other had approximately $7.9 billion of FE holding company debt.
Financial information for each of FirstEnergy’s business segments and reconciliations to consolidated amounts is presented in the tables below. FirstEnergy evaluates segment performance based on Income (loss) from continuing operations.
Segment Financial Information
For the Years EndedRegulated DistributionRegulated TransmissionCorporate/ OtherReconciling AdjustmentsFirstEnergy Consolidated
 (In millions)
December 31, 2021
External revenues$9,510 $1,608 $14 $— $11,132 
Internal revenues201 10 — (211)— 
Total revenues9,711 1,618 14 (211)11,132 
Provision for depreciation911 325 3 63 1,302 
Amortization of regulatory assets, net260 9 — — 269 
DPA penalty— — 230 — 230 
Miscellaneous income (expense), net399 41 89 (12)517 
Interest expense523 248 382 (12)1,141 
Income taxes (benefits)364 127 (171)— 320 
Income (loss) from continuing operations1,288 408 (457)— 1,239 
Property additions$1,395 $958 $92 $— $2,445 
December 31, 2020
External revenues$9,168 $1,613 $9 $— $10,790 
Internal revenues195 17 — (212)— 
Total revenues9,363 1,630 9 (212)10,790 
Provision for depreciation896 313 4 61 1,274 
Amortization (deferral) of regulatory assets, net(64)11 — — (53)
Miscellaneous income (expense), net332 30 83 (13)432 
Interest expense501 219 358 (13)1,065 
Income taxes (benefits)113 138 (125)— 126 
Income (loss) from continuing operations959 464 (420)— 1,003 
Property additions$1,514 $1,067 $76 $— $2,657 
December 31, 2019
External revenues$9,511 $1,510 $14 $— $11,035 
Internal revenues187 16 — (203)— 
Total revenues9,698 1,526 14 (203)11,035 
Provision for depreciation863 284 5 68 1,220 
Amortization (deferral) of regulatory assets, net(89)10 — — (79)
Miscellaneous income (expense), net174 15 80 (26)243 
Interest expense495 192 372 (26)1,033 
Income taxes271 113 (171)— 213 
Income (loss) from continuing operations1,076 447 (619)— 904 
Property additions$1,473 $1,090 $102 $— $2,665 
As of December 31, 2021
Total assets$30,812 $13,237 $1,383 $— $45,432 
Total goodwill$5,004 $614 $— $— $5,618 
As of December 31, 2020
Total assets$30,855 $12,592 $1,017 $— $44,464 
Total goodwill$5,004 $614 $— $— $5,618