XML 24 R11.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

REVENUE | 3 Months Ended
--- | ---
Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
REVENUE | REVENUE The following represents a disaggregation of revenue from contracts with customers for the three months ended March 31, 2024 and 2023:
|  | Three Months Ended March 31,
(In millions) |  | 2024 |  | 2023
Distribution |  |  |  |
Retail generation and distribution services |  |  |  |
Residential |  | $ | 1,184 |  |  | $ | 1,171 |
Commercial |  | 374 |  |  | 377 |
Industrial |  | 146 |  |  | 212 |
Other |  | 20 |  |  | 17 |
Wholesale |  | 1 |  |  | 2
Other revenue from contracts with customers |  | 21 |  |  | 19
Total revenues from contracts with customers |  | 1,746 |  |  | 1,798 |
Other revenue unrelated to contracts with customers |  | 21 |  |  | 19
Total Distribution |  | $ | 1,767 |  |  | $ | 1,817 |
Integrated |  |  |  |
Retail generation and distribution services |  |  |  |
Residential |  | $ | 574 |  |  | $ | 506 |
Commercial |  | 252 |  |  | 256 |
Industrial |  | 138 |  |  | 135 |
Other |  | 7 |  |  | 6 |
Wholesale |  | 30 |  |  | 45
Transmission |  | 81 |  |  | 64
Other revenue from contracts with customers |  | 5 |  |  | 6 |
Total revenues from contracts with customers |  | 1,087 |  |  | 1,018 |
Other revenue unrelated to contracts with customers |  | 8 |  |  | 10
Total Integrated |  | $ | 1,095 |  |  | $ | 1,028 |
Stand-Alone Transmission |  |  |  |
ATSI |  | $ | 243 |  |  | $ | 226 |
TrAIL |  | 67 |  |  | 66 |
MAIT |  | 104 |  |  | 89 |
KATCo |  | 20 |  |  | 15 |
Total revenues from contracts with customers |  | 434 |  |  | 396 |
Other revenue unrelated to contracts with customers |  | 4 |  |  | 4 |
Total Stand-Alone Transmission |  | $ | 438 |  |  | $ | 400 |
Corporate/Other and Reconciling Adjustments(1) |  |  |  |
Wholesale |  | $ | 3 |  |  | $ | 2 |
Other revenue unrelated to contracts with customers(1) |  | (16) |  |  | (16) |
Total Corporate/Other and Reconciling |  | $ | (13) |  |  | $ | (14) |
FirstEnergy Total Revenues |  | $ | 3,287 |  |  | $ | 3,231 |
(1) Includes eliminations and reconciling adjustments of inter-segment revenues. Customer Receivables Receivables from contracts with customers include distribution services and retail generation sales to residential, commercial and industrial customers of the Utilities. Billed and unbilled customer receivables as of March 31, 2024, and December 31, 2023, are included below:
Customer Receivables |  | March 31, 2024 |  | December 31, 2023 |
|  | (In millions)
Billed |  | $ | 833 |  |  | $ | 717 |  |
Unbilled |  | 585 |  |  | 665 |  |
|  | 1,418 |  |  | 1,382 |  |
Less: Uncollectible Reserve |  | 53 |  |  | 64 |  |
Total Customer Receivables |  | $ | 1,365 |  |  | $ | 1,318 |  |
The allowance for uncollectible customer receivables is based on historical loss information comprised of a rolling 36-month average net write-off percentage of revenues, in conjunction with a qualitative assessment of elements that impact the collectability of receivables to determine if allowances for uncollectible customer receivables should be further adjusted in accordance with the accounting guidance for credit losses. FirstEnergy reviews its allowance for uncollectible customer receivables utilizing a quantitative and qualitative assessment. Management contemplates available current information such as changes in economic factors, regulatory matters, industry trends, customer credit factors, amount of receivable balances that are past-due, payment options and programs available to customers, and the methods that the Utilities are able to utilize to ensure payment. FirstEnergy’s uncollectible risk on PJM receivables, resulting from transmission and wholesale sales, is minimal due to the nature of PJM’s settlement process and as a result there is no current allowance for doubtful accounts. Activity in the allowance for uncollectible accounts on customer receivables for the three months ended March 31, 2024, and for the year ended December 31, 2023 are as follows:
|  | (In millions)
Balance, January 1, 2023 |  | $ | 137 |
Provision for expected credit losses(1) |  | 8 |
Charged to other accounts(2) |  | 34 |
Write-offs |  | (115) |
Balance, December 31, 2023 |  | $ | 64 |
Provision for expected credit losses(1) |  | 12 |
Charged to other accounts(2) |  | 9 |
Write-offs |  | (32) |
Balance, March 31, 2024 |  | $ | 53 |
(1) Approximately $3 million and $15 million of which was deferred for future refund in the three months ended March 31, 2024 and the year ended December 31, 2023, respectively. (2) Represents recoveries and reinstatements of accounts written off for uncollectible accounts.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration