XML 54 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1

TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Provision for income taxes (benefits)

The following table provides the composite of income taxes on income from continuing operations for the years ended 2024, 2023 and 2022:

INCOME TAXES ON INCOME FROM CONTINUING OPERATIONS						For the Years Ended December 31,
						2024						2023						2022
						(In millions)
Currently payable -
Federal						$	32					$	14					$	—
State						29						1						11
						61						15						11
Deferred, net -
Federal(1)						190						279						946
State						130						(24)						47
						320						255						993
Investment tax credit amortization						(4)						(3)						(4)
Total income taxes on income from continuing operations						$	377					$	267					$	1,000

(1) Excludes $21 million of federal tax expense associated with discontinued operations for the year ended December 31, 2023.

Schedule of Reconciliation of federal income tax expense at the federal statutory rate to the total provision for income taxes

The following table provides a reconciliation of federal income tax expense at the federal statutory rate to the total income taxes on income from continuing operations for the years ended December 31, 2024, 2023 and 2022:

			For the Years Ended December 31,
			2024						2023						2022
			(In millions)
Income from continuing operations, before income taxes			$	1,504					$	1,464					$	1,439
Federal income tax expense at the 21% statutory rate			$	316					$	307					$	302
Increases (reductions) in taxes resulting from-
State and municipal income taxes, net of federal tax benefit			140						80						56
AFUDC equity and other flow-through			(30)						(30)						(26)
Amortization of investment tax credits			(4)						(3)						(4)
Deductions associated with certain equity method investments			(19)						—						—
Taxes related to the combined sale of 49.9% of the equity interests of FET			6						58						752
Federal tax credits claimed			(2)						(3)						(3)
Tax on distributions from FET			16						—						—
Excess deferred tax amortization due to the Tax Act			(52)						(46)						(51)
Nondeductible SEC and OAG settlements			27						—						—
Remeasurement of excess deferred income taxes			(43)						—						—
Uncertain tax positions			—						41						2
Valuation allowances			16						(146)						(47)
Other, net			6						9						19
Total income taxes on income from continuing operations			$	377					$	267					$	1,000
Effective income tax rate (continuing operations)			25.1		%				18.2		%				69.5		%

Schedule of Accumulated deferred income taxes

Net accumulated deferred income tax liabilities (assets) as of December 31, 2024 and 2023, are as follows:

						As of December 31,
						2024						2023
						(In millions)
Property basis differences						$	6,079					$	5,787
Pension and OPEB						(322)						(331)
Regulatory asset/liability						744						647
Deferred compensation						(127)						(153)
Deferred gain on 19.9% FET equity interest sale						—						810
Loss carryforwards and tax credits						(762)						(2,192)
Valuation allowances						240						226
Other						(239)						(264)
Net accumulated deferred income tax liability						$	5,613					$	4,530

Schedule of Pre-tax net operating loss expiration period

Expiration Period						State						Local
						(In millions)
2025-2029						$	1,569					$	5,706
2030-2034						1,279						—
2035-2039						881						—
2040-2044						978						—
Indefinite						2,450						—
						$	7,157					$	5,706

Schedule of Valuation allowance roll forward

The following table summarizes the changes in valuation allowances on federal, state, and local deferred tax assets related to business interest expense carryforwards and employee compensation deduction limitations under section 162(m), in addition to state and local NOLs discussed above for the years ended December 31, 2024, 2023 and 2022:

(In millions)						2024						2023						2022
Beginning of year balance						$	226					$	440					$	484
Charged to income						14						(214)						(44)
Charged to other accounts						—						—						—
Write-offs						—						—						—
End of year balance						$	240					$	226					$	440

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the changes (gross) in uncertain tax positions for the years ended December 31, 2024, 2023 and 2022:

						(In millions)
Balance, January 1, 2022						$	47
Prior year increases						2
Decrease for lapse in statute						(7)
Balance, December 31, 2022						$	42
Prior year increases						88
Effectively settled with taxing authorities						(24)
Decrease for lapse in statute						(1)
Balance, December 31, 2023						$	105
Prior years increases						—
Effectively settled with taxing authorities						—
Decrease for lapse in statute						—
Balance, December 31, 2024						$	105

Schedule of Details of general taxes

General tax expense for the years ended December 31, 2024, 2023 and 2022, recognized in continuing operations is summarized as follows:

						For the Years Ended December 31,
						2024						2023						2022
						(In millions)
kWh excise						$	186					$	185					$	191
State gross receipts						247						235						219
Real and personal property						642						615						596
Social security and unemployment						113						113						105
Other						24						16						18
Total general taxes						$	1,212					$	1,164					$	1,129

X

- Definition

Schedule of Taxes, General [Table Text Block]

+ References

No definition available.

+ Details

Name:	fe_ScheduleOfTaxesGeneralTableTextBlock
Namespace Prefix:	fe_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Valuation Allowance Roll Forward

+ References

No definition available.

+ Details

Name:	fe_ScheduleOfValuationAllowanceRollForwardTableTextBlock
Namespace Prefix:	fe_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-3

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration