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REVENUE (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2024 and 2023:

						Three Months Ended June 30,												Six Months Ended June 30,
(In millions)						2024						2023						2024						2023
Distribution
Retail generation and distribution services
Residential						$	1,054					$	967					$	2,238					$	2,138
Commercial						384						374						758						751
Industrial						153						213						299						425
Other						18						17						38						34
Wholesale						1						11						2						13
Other revenue from contracts with customers						19						27						40						46
Total revenues from contracts with customers						1,629						1,609						3,375						3,407
Other revenue unrelated to contracts with customers						19						18						40						37
Total Distribution						$	1,648					$	1,627					$	3,415					$	3,444
Integrated
Retail generation and distribution services
Residential						$	578					$	423					$	1,152					$	929
Commercial						276						240						528						496
Industrial						147						133						285						268
Other						7						8						14						14
Wholesale						38						50						68						95
Transmission						116						86						197						150
Other revenue from contracts with customers						8						6						13						12
Total revenues from contracts with customers						1,170						946						2,257						1,964
Other revenue unrelated to contracts with customers						8						10						16						20
Total Integrated						$	1,178					$	956					$	2,273					$	1,984
Stand-Alone Transmission
ATSI						$	261					$	241					$	504					$	467
TrAIL						71						66						138						132
MAIT						110						98						214						187
KATCo						23						27						43						42
Other						(2)						$	—					(2)						—
Total revenues from contracts with customers						463						432						897						828
Other revenue unrelated to contracts with customers						5						4						9						8
Total Stand-Alone Transmission						$	468					$	436					$	906					$	836
Corporate/Other, Eliminations and Reconciling Adjustments
Wholesale						$	1					$	3					$	4					$	5
Eliminations and reconciling adjustments						(15)						(16)						(31)						(32)
Total Corporate/Other, Eliminations and Reconciling Adjustments						$	(14)					$	(13)					$	(27)					$	(27)
FirstEnergy Total Revenues						$	3,280					$	3,006					$	6,567					$	6,237

Schedule of Receivables from Customers

Billed and unbilled customer receivables as of June 30, 2024, and December 31, 2023, are included below:

Customer Receivables						June 30, 2024						December 31, 2023
						(In millions)
Billed						$	816					$	717
Unbilled						741						665
						1,557						1,382
Less: Uncollectible Reserve						54						64
Total Customer Receivables						$	1,503					$	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 six months ended June 30, 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)						32
Charged to other accounts(2)						17
Write-offs						(59)
Balance, June 30, 2024						$	54

(1) Approximately $2 million and $(15) million of which was deferred for future recovery (refund) in the six months ended June 30, 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
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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-SubTopic 10
-Name Accounting Standards Codification
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-Subparagraph (SX 210.5-02(3))
-Publisher FASB
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