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Segment Information
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
Financial information for each of FirstEnergy’s reportable segments is presented in the tables below. FES does not have separate reportable operating segments.
The Regulated Distribution segment distributes electricity through FirstEnergy’s ten utility operating companies, serving approximately six million customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York, and purchases power for its POLR, SOS, SSO and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland. This segment also includes regulated electric generation facilities in West Virginia and New Jersey that MP and JCP&L, respectively, own or contractually control. Its results reflect the commodity costs of securing electric generation and the deferral and amortization of certain fuel costs.
The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by ATSI, TrAIL, certain of FirstEnergy's utilities (JCP&L, ME, PN, MP, PE and WP). The segment's revenues are primarily derived from rates that recover costs and provide a return on transmission capital investment. Except for the recovery of the PATH abandoned project regulatory asset, these revenues are derived from transmission services provided pursuant to the PJM open access transmission tariff to load serving entities. Its results also reflect the net transmission expenses related to the delivery of electricity on FirstEnergy's transmission facilities.
The Competitive Energy Services segment, through FES and AE Supply, supplies electricity to end-use customers through retail and wholesale arrangements, including competitive retail sales to customers primarily in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland, and the provision of partial POLR and default service for some utilities in Ohio, Pennsylvania and Maryland, including the Utilities. This business segment controls approximately 18,000 MWs of capacity (including 885 MWs of capacity subject to RMR arrangements with PJM) and also purchases electricity to meet sales obligations. The segment’s net income is primarily derived from electric generation sales less the related costs of electricity generation, including purchased power and net transmission (including congestion) and ancillary costs charged by PJM to deliver energy to the segment’s customers.
The Other/Corporate Segment contains corporate items and other businesses that are below the quantifiable threshold for separate disclosure as a reportable segment. Reconciling adjustments primarily consist of elimination of intersegment transactions.
Segment Financial Information
Three Months Ended
 
Regulated Distribution
 
Regulated Transmission
 
Competitive Energy Services
 
Other/Corporate
 
Reconciling Adjustments
 
Consolidated
 
 
(In millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
2,212

 
$
176

 
$
1,414

 
$
(27
)
 
$
(46
)
 
$
3,729

Internal revenues
 
—

 
—

 
216

 
—

 
(216
)
 
—

Total revenues
 
2,212

 
176

 
1,630

 
(27
)
 
(262
)
 
3,729

Depreciation and amortization
 
202

 
29

 
111

 
11

 
—

 
353

Investment income
 
18

 
—

 
16

 
1

 
(17
)
 
18

Interest expense
 
135

 
23

 
71

 
27

 
—

 
256

Income taxes (benefits)
 
126

 
31

 
(23
)
 
(18
)
 
—

 
116

Net income (loss)
 
210

 
51

 
(38
)
 
(30
)
 
3

 
196

Total assets
 
26,943

 
4,722

 
18,328

 
431

 
—

 
50,424

Total goodwill
 
5,025

 
526

 
896

 
—

 
—

 
6,447

Property additions
 
436

 
89

 
283

 
18

 
—

 
826

 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2012
 
 

 
 

 
 

 
 

 
 
 
 

External revenues
 
$
2,354

 
$
186

 
$
1,519

 
$
(24
)
 
$
(47
)
 
$
3,988

Internal revenues
 
—

 
—

 
268

 
—

 
(266
)
 
2

Total revenues
 
2,354

 
186

 
1,787

 
(24
)
 
(313
)
 
3,990

Depreciation and amortization
 
216

 
30

 
100

 
8

 
—

 
354

Investment income
 
23

 
—

 
6

 
—

 
(18
)
 
11

Interest expense
 
134

 
23

 
65

 
24

 
—

 
246

Income taxes (benefits)
 
93

 
36

 
83

 
(16
)
 
26

 
222

Net income (loss)
 
159

 
58

 
141

 
(28
)
 
(24
)
 
306

Total assets
 
25,595

 
4,408

 
17,187

 
501

 
—

 
47,691

Total goodwill
 
5,025

 
526

 
893

 
—

 
—

 
6,444

Property additions
 
266

 
63

 
171

 
17

 
—

 
517