XML 62 R46.htm IDEA: XBRL DOCUMENT
v3.25.0.1

COMMITMENTS, GUARANTEES AND CONTINGENCIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Potential Collateral Obligations | The maximum potential amount of future payments FirstEnergy and its subsidiaries could be required to make under these guarantees as of December 31, 2024, was approximately $923 million, as summarized below:
Guarantees and Other Assurances |  | Maximum Exposure
|  | (In millions)
FE's Guarantees on Behalf of its Consolidated Subsidiaries(1) |  |
Deferred compensation arrangements |  | $ | 406 |
Vehicle leases |  | 75 |
Other |  | 14 |
|  | 495 |
FE's Guarantees on Other Assurances |  |
Surety Bonds |  | 161 |
Deferred compensation arrangements |  | 97 |
LOCs |  | 170 |
|  | 428 |
Total Guarantees and Other Assurances |  | $ | 923 |
(1) During the third quarter of 2023, FE was required by PJM to issue a guarantee to cover non-performance until FE PA is able to provide audited financial statements to PJM, which is expected to occur in early 2025. The guarantee is expected to be immaterial to FE. The following table discloses the potential additional credit rating contingent contractual collateral obligations as of December 31, 2024:
Potential Collateral Obligations |  |  |  |  |  | Electric Companies and Transmission Companies |  | FE |  | Total
|  |  |  |  |  | (In millions)
Contractual Obligations for Additional Collateral |  |  |  |  |  |  |  |  |  |
Upon Further Downgrade |  |  |  |  |  | $ | 77 |  |  | $ | 1 |  |  | $ | 78 |
Surety Bonds (collateralized amount)(1) |  |  |  |  |  | 97 |  |  | 49 |  |  | 146 |
Total Exposure from Contractual Obligations |  |  |  |  |  | $ | 174 |  |  | $ | 50 |  |  | $ | 224 |
(1) Surety Bonds are not tied to a credit rating. Surety Bonds' impact assumes maximum contractual obligations, which is ordinarily 100% of the face amount of the surety bond except with respect to $38 million of surety obligations for which the collateral obligation is capped at 60% of the face amount, and typical obligations require 30 days to cure.

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

X
- Definition Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-4 + Details
Name: | us-gaap_ScheduleOfGuaranteeObligationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration