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REVENUE (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of 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.

Schedule of Receivables from Customers

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

Schedule of Activity in the Allowance for Uncollectible Accounts on Customer Receivables

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

- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

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