Segment Information

9 Months Ended

Sep. 30, 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’stenutility operating companies, serving approximatelysix millioncustomers within65,000square 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. This business segment currently controls approximately 4,000 MWs of capacity, including the net transfer to Regulated Distribution of 1,476 MWs of capacity associated with the Harrison and Pleasants asset swap which occurred on October 9, 2013.

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 LSEs. 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 currently controls approximately14,500MWs of capacity, including885MWs of capacity subject to RMR arrangements with PJM and excluding2,080MWs of capacity deactivated on October 9, 2013 and a net transfer to Regulated Distribution of 1,476 MWs of capacity associated with the Harrison and Pleasants asset swap which occurred on October 9, 2013. This segment 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)
September 30, 2013
External revenues	$	2,340	$	190	$	1,573		$	(31	)	$	(36	)	$	4,036
Internal revenues	—		—		196			—			(196		)	—
Total revenues	2,340		190		1,769			(31		)	(232		)	4,036
Depreciation, amortization and deferrals	460		31		125			12			—			628
Investment income (loss)	14		—		(5		)	3			(7		)	5
Interest expense	134		23		53			47			—			257
Income taxes (benefits)	50		32		47			(44		)	(8		)	77
Income from continuing operations	85		54		68			—			2			209
Discontinued operations, net of tax	—		—		9			—			—			9
Net income (loss)	85		54		77			(10		)	12			218
Total assets	27,030		4,953		17,809			591			—			50,383
Total goodwill	5,025		526		867			—			—			6,418
Property additions	261		105		162			20			—			548
September 30, 2012
External revenues	$	2,483	$	187	$	1,462		$	(31	)	$	(49	)	$	4,052
Internal revenues	—		—		209			—			(209		)	—
Total revenues	2,483		187		1,671			(31		)	(258		)	4,052
Depreciation, amortization and deferrals	193		28		102			9			1			333
Investment income	20		—		36			(2		)	(15		)	39
Interest expense	136		24		73			(3		)	—			230
Income taxes (benefits)	168		35		74			(8		)	38			307
Income from continuing operations	286		59		126			—			(49		)	422
Discontinued operations, net of tax	—		—		3			—			—			3
Net income (loss)	286		59		129			(13		)	(36		)	425
Total assets	26,122		4,519		16,846			1,251			—			48,738
Total goodwill	5,025		526		893			—			—			6,444
Property additions	308		47		412			8			—			775
Nine Months Ended
September 30, 2013
External revenues	$	6,593	$	546	$	4,350		$	(89	)	$	(130	)	$	11,270
Internal revenues	—		—		588			—			(588		)	—
Total revenues	6,593		546		4,938			(89		)	(718		)	11,270
Depreciation, amortization and deferrals	882		91		347			32			—			1,352
Investment income (loss)	41		—		(6		)	6			(33		)	8
Interest expense	404		68		187			112			—			771
Income taxes (benefits)	284		93		(189		)	(55		)	(4		)	129
Income (loss) from continuing operations	474		156		(317		)	—			(80		)	233
Discontinued operations, net of tax	—		—		17			—			—			17
Net income (loss)	474		156		(300		)	(92		)	12			250
Total assets	27,030		4,953		17,809			591			—			50,383
Total goodwill	5,025		526		867			—			—			6,418
Property additions	980		291		630			59			—			1,960
September 30, 2012
External revenues	$	6,976	$	557	$	4,465		$	(78	)	$	(142	)	$	11,778
Internal revenues	—		—		686			—			(684		)	2
Total revenues	6,976		557		5,151			(78		)	(826		)	11,780
Depreciation, amortization and deferrals	618		86		303			25			—			1,032
Investment income	62		1		48			(1		)	(47		)	63
Interest expense	405		70		209			66			—			750
Income taxes	355		101		165			(49		)	78			650
Income from continuing operations	603		171		284			—			(150		)	908
Discontinued operations, net of tax	—		—		11			—			—			11
Net income (loss)	603		171		295			(82		)	(68		)	919
Total assets	26,122		4,519		16,846			1,251			—			48,738
Total goodwill	5,025		526		893			—			—			6,444
Property additions	751		169		715			51			—			1,686