Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2011

Finite-Lived Intangible Assets [Abstract]

As of December 31, 2011, intangible assets classified in Other Deferred Charges on FirstEnergy’s Consolidated Balance Sheet, including those recorded in connection with the Allegheny merger, include the following:



	Intangible Assets						Amortization expense
							Actual		Estimated
(In millions)	Gross		Accumulated Amortization		Net		2011		2012		2013		2014		2015		2016		Thereafter
NUG contracts⁽¹⁾⁽²⁾	$	124	$	4	$	120	$	4	$	5	$	5	$	5	$	5	$	5	$	95
OVEC⁽¹⁾	54		1		53		1		2		2		2		2		2		43
Coal contracts⁽¹⁾⁽³⁾	516		74		442		56		55		53		52		45		45		108
FES customer contracts	144		21		123		12		14		16		17		17		17		42
Energy contracts⁽¹⁾	136		71		65		71		50		14		1		—		—		—
	$	974	$	171	$	803	$	144	$	126	$	90	$	77	$	69	$	69	$	288


⁽¹⁾	Fair value measurements of intangible assets recorded in connection with the Allegheny merger (see Note 2, Merger)


⁽²⁾	NUG contracts are subject to regulatory accounting and their amortization does not impact earnings.


⁽³⁾	A gross amount of $102 million of the coal contracts was recorded with a regulatory offset and the amortization does not impact earnings. $18 million and $84 million are related to the accumulated amortization and net amounts, respectively.

- Definition

Tabular disclosure of amortizable intangibles assets, in total and by major class, including the gross carrying amount and accumulated amortization. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company.

+ References+ Details