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.