Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2013

Supplemental Guarantor Information [Abstract]

Condensed Consolidating Statements of Income and Comprehensive Income

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

(Unaudited)

For the Year Ended December 31, 2013	FES			FG			NG			Eliminations			Consolidated
	(In millions)
STATEMENTS OF INCOME
REVENUES	$	6,068		$	2,399		$	1,634		$	(3,928	)	$	6,173
OPERATING EXPENSES:
Fuel	—			1,056			206			—			1,262
Purchased power from affiliates	4,148			—			266			(3,928		)	486
Purchased power from non-affiliates	2,326			7			—			—			2,333
Other operating expenses	635			275			529			48			1,487
Pensions and OPEB mark-to-market adjustments	(8		)	(37		)	(36		)	—			(81		)
Provision for depreciation	6			127			178			(5		)	306
General taxes	80			34			24			—			138
Total operating expenses	7,187			1,462			1,167			(3,885		)	5,931
OPERATING INCOME (LOSS)	(1,119		)	937			467			(43		)	242
OTHER INCOME (EXPENSE):
Loss on debt redemptions	(103		)	—			—			—			(103		)
Investment income	5			1			25			(15		)	16
Miscellaneous income, including net income from equity investees	846			24			—			(842		)	28
Interest expense — affiliates	(13		)	(5		)	(6		)	14			(10		)
Interest expense — other	(63		)	(104		)	(54		)	61			(160		)
Capitalized interest	1			2			36			—			39
Total other income (expense)	673			(82		)	1			(782		)	(190		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(446		)	855			468			(825		)	52
INCOME TAXES (BENEFITS)	(506		)	365			135			12			6
INCOME FROM CONTINUING OPERATIONS	60			490			333			(837		)	46
Discontinued operations (net of income taxes of $8)	—			14			—			—			14
NET INCOME	$	60		$	504		$	333		$	(837	)	$	60
STATEMENTS OF COMPREHENSIVE INCOME
NET INCOME	$	60		$	504		$	333		$	(837	)	$	60
OTHER COMPREHENSIVE LOSS:
Pensions and OPEB prior service costs	(15		)	(13		)	—			13			(15		)
Amortized gain on derivative hedges	(6		)	—			—			—			(6		)
Change in unrealized gain on available-for-sale securities	(8		)	—			(8		)	8			(8		)
Other comprehensive loss	(29		)	(13		)	(8		)	21			(29		)
Income tax benefits on other comprehensive loss	(11		)	(5		)	(3		)	8			(11		)
Other comprehensive loss, net of tax	(18		)	(8		)	(5		)	13			(18		)
COMPREHENSIVE INCOME	$	42		$	496		$	328		$	(824	)	$	42

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(Unaudited)

For the Year Ended December 31, 2012	FES			FG			NG			Eliminations			Consolidated
	(In millions)
STATEMENTS OF INCOME
REVENUES	$	5,804		$	2,100		$	1,895		$	(3,905	)	$	5,894
OPERATING EXPENSES:
Fuel	—			1,077			210			—			1,287
Purchased power from affiliates	4,098			—			258			(3,905		)	451
Purchased power from non-affiliates	1,881			6			—			—			1,887
Other operating expenses	434			334			539			49			1,356
Pensions and OPEB mark-to-market adjustments	(2		)	52			116			—			166
Provision for depreciation	4			116			157			(5		)	272
General taxes	79			36			21			—			136
Total operating expenses	6,494			1,621			1,301			(3,861		)	5,555
OPERATING INCOME (LOSS)	(690		)	479			594			(44		)	339
OTHER INCOME (EXPENSE):
Investment income	2			15			67			(18		)	66
Miscellaneous income, including net income from equity investees	1,284			20			—			(1,269		)	35
Interest expense — affiliates	(18		)	(7		)	(4		)	19			(10		)
Interest expense — other	(93		)	(110		)	(50		)	62			(191		)
Capitalized interest	—			4			33			—			37
Total other income (expense)	1,175			(78		)	46			(1,206		)	(63		)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	485			401			640			(1,250		)	276
INCOME TAXES (BENEFITS)	298			(269		)	62			12			103
INCOME FROM CONTINUING OPERATIONS	187			670			578			(1,262		)	173
Discontinued operations (net of income taxes of $8)	—			14			—			—			14
NET INCOME	$	187		$	684		$	578		$	(1,262	)	$	187
STATEMENTS OF COMPREHENSIVE INCOME
NET INCOME	$	187		$	684		$	578		$	(1,262	)	$	187
OTHER COMPREHENSIVE INCOME (LOSS):
Pensions and OPEB prior service costs	6			6			—			(6		)	6
Amortized gain on derivative hedges	(9		)	—			—			—			(9		)
Change in unrealized gain on available-for-sale securities	(5		)	—			(5		)	5			(5		)
Other comprehensive income (loss)	(8		)	6			(5		)	(1		)	(8		)
Income taxes (benefits) on other comprehensive income (loss)	(4		)	1			(2		)	1			(4		)
Other comprehensive income (loss), net of tax	(4		)	5			(3		)	(2		)	(4		)
COMPREHENSIVE INCOME	$	183		$	689		$	575		$	(1,264	)	$	183

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

(Unaudited)

For the Year Ended December 31, 2011	FES			FG			NG			Eliminations			Consolidated
	(In millions)
STATEMENTS OF INCOME
REVENUES	$	5,387		$	2,642		$	1,647		$	(4,223	)	$	5,453
OPERATING EXPENSES:
Fuel	12			1,138			194			—			1,344
Purchased power from affiliates	4,208			5			252			(4,223		)	242
Purchased power from non-affiliates	1,378			3			—			—			1,381
Other operating expenses	574			416			578			51			1,619
Pensions and OPEB mark-to-market adjustments	10			68			93			—			171
Provision for depreciation	4			124			150			(6		)	272
General taxes	64			37			23			—			124
Impairment of long-lived assets	—			294			—			—			294
Total operating expenses	6,250			2,085			1,290			(4,178		)	5,447
OPERATING INCOME (LOSS)	(863		)	557			357			(45		)	6
OTHER INCOME (EXPENSE):
Investment income	1			—			56			—			57
Miscellaneous income, including net income from equity investees	924			24			—			(918		)	30
Interest expense — affiliates	(2		)	(3		)	(2		)	(1		)	(8		)
Interest expense — other	(94		)	(109		)	(64		)	64			(203		)
Capitalized interest	—			12			23			—			35
Total other income (expense)	829			(76		)	13			(855		)	(89		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(34		)	481			370			(900		)	(83		)
INCOME TAXES (BENEFITS)	25			(117		)	58			18			(16		)
INCOME (LOSS) FROM CONTINUING OPERATIONS	(59		)	598			312			(918		)	(67		)
Discontinued operations (net of income taxes of $5)	—			8			—			—			8
NET INCOME (LOSS)	$	(59	)	$	606		$	312		$	(918	)	$	(59	)
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
NET INCOME (LOSS)	$	(59	)	$	606		$	312		$	(918	)	$	(59	)
OTHER COMPREHENSIVE INCOME (LOSS):
Pensions and OPEB prior service costs	(12		)	(13		)	—			13			(12		)
Amortized loss on derivative hedges	12			—			—			—			12
Change in unrealized gain on available-for-sale securities	16			—			15			(15		)	16
Other comprehensive income (loss)	16			(13		)	15			(2		)	16
Income taxes (benefits) on other comprehensive income (loss)	2			(8		)	5			3			2
Other comprehensive income (loss), net of tax	14			(5		)	10			(5		)	14
COMPREHENSIVE INCOME (LOSS)	$	(45	)	$	601		$	322		$	(923	)	$	(45	)

Condensed Consolidating Balance Sheets

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING BALANCE SHEETS

(Unaudited)

As of December 31, 2013	FES		FG		NG		Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—	$	2	$	—	$	—		$	2
Receivables-
Customers	539		—		—		—			539
Affiliated companies	938		787		227		(916		)	1,036
Other	52		12		17		—			81
Notes receivable from affiliated companies	203		23		683		(909		)	—
Materials and supplies	76		159		213		—			448
Derivatives	165		—		—		—			165
Prepayments and other	81		50		7		—			138
	2,054		1,033		1,147		(1,825		)	2,409
PROPERTY, PLANT AND EQUIPMENT:
In service	104		6,105		6,645		(382		)	12,472
Less — Accumulated provision for depreciation	28		1,953		2,962		(188		)	4,755
	76		4,152		3,683		(194		)	7,717
Construction work in progress	23		148		1,137		—			1,308
	99		4,300		4,820		(194		)	9,025
INVESTMENTS:
Nuclear plant decommissioning trusts	—		—		1,276		—			1,276
Investment in affiliated companies	5,801		—		—		(5,801		)	—
Other	—		11		—		—			11
	5,801		11		1,276		(5,801		)	1,287
ASSETS HELD FOR SALE (Note 20)	—		122		—		—			122
DEFERRED CHARGES AND OTHER ASSETS:
Accumulated deferred income tax benefits	—		131		—		(131		)	—
Customer intangibles	95		—		—		—			95
Goodwill	23		—		—		—			23
Property taxes	—		15		26		—			41
Unamortized sale and leaseback costs	—		—		—		168			168
Derivatives	53		—		—		—			53
Other	188		228		18		(155		)	279
	359		374		44		(118		)	659
	$	8,313	$	5,840	$	7,287	$	(7,938	)	$	13,502
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt	$	1	$	367	$	547	$	(23	)	$	892
Short-term borrowings-
Affiliated companies	977		212		151		(909		)	431
Other	—		4		—		—			4
Accounts payable-
Affiliated companies	741		400		362		(738		)	765
Other	94		196		—		—			290
Accrued taxes	204		23		23		(184		)	66
Derivatives	110		—		—		—			110
Other	70		63		18		46			197
	2,197		1,265		1,101		(1,808		)	2,755
CAPITALIZATION:
Total equity	5,312		2,283		3,493		(5,776		)	5,312
Long-term debt and other long-term obligations	712		1,860		742		(1,184		)	2,130
	6,024		4,143		4,235		(6,960		)	7,442
NONCURRENT LIABILITIES:
Deferred gain on sale and leaseback transaction	—		—		—		858			858
Accumulated deferred income taxes	32		—		736		(27		)	741
Asset retirement obligations	—		187		828		—			1,015
Retirement benefits	22		163		—		—			185
Derivatives	14		—		—		—			14
Other	24		82		387		(1		)	492
	92		432		1,951		830			3,305
	$	8,313	$	5,840	$	7,287	$	(7,938	)	$	13,502

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING BALANCE SHEETS

(Unaudited)

As of December 31, 2012	FES		FG		NG		Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—	$	3	$	—	$	—		$	3
Receivables-
Customers	483		—		—		—			483
Affiliated companies	232		417		478		(748		)	379
Other	56		19		16		—			91
Notes receivable from affiliated companies	366		7		607		(704		)	276
Materials and supplies	66		231		208		—			505
Derivatives	158		—		—		—			158
Prepayments and other	38		39		10		—			87
	1,399		716		1,319		(1,452		)	1,982
PROPERTY, PLANT AND EQUIPMENT:
In service	91		5,899		6,391		(384		)	11,997
Less — Accumulated provision for depreciation	32		1,915		2,646		(185		)	4,408
	59		3,984		3,745		(199		)	7,589
Construction work in progress	34		230		877		—			1,141
	93		4,214		4,622		(199		)	8,730
INVESTMENTS:
Nuclear plant decommissioning trusts	—		—		1,283		—			1,283
Investment in affiliated companies	4,972		—		—		(4,972		)	—
Other	—		12		—		—			12
	4,972		12		1,283		(4,972		)	1,295
ASSETS HELD FOR SALE	—		—		—		—			—
DEFERRED CHARGES AND OTHER ASSETS:
Accumulated deferred income tax benefits	—		313		—		(313		)	—
Customer intangibles	110		—		—		—			110
Goodwill	24		—		—		—			24
Property taxes	—		14		22		—			36
Unamortized sale and leaseback costs	—		—		—		119			119
Derivatives	99		—		—		—			99
Other	160		194		5		(106		)	253
	393		521		27		(300		)	641
	$	6,857	$	5,463	$	7,251	$	(6,923	)	$	12,648
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt	$	1	$	586	$	537	$	(22	)	$	1,102
Short-term borrowings-
Affiliated companies	358		346		—		(704		)	—
Other	—		4		—		—			4
Accounts payable-
Affiliated companies	748		143		583		(748		)	726
Other	63		96		—		—			159
Accrued taxes	126		25		20		—			171
Derivatives	124		—		—		—			124
Other	71		148		15		46			280
	1,491		1,348		1,155		(1,428		)	2,566
CAPITALIZATION:
Total equity	3,763		1,787		3,165		(4,952		)	3,763
Long-term debt and other long-term obligations	1,482		2,009		834		(1,207		)	3,118
	5,245		3,796		3,999		(6,159		)	6,881
NONCURRENT LIABILITIES:
Deferred gain on sale and leaseback transaction	—		—		—		892			892
Accumulated deferred income taxes	28		—		714		(227		)	515
Asset retirement obligations	—		29		936		—			965
Retirement benefits	26		215		—		—			241
Derivatives	37		—		—		—			37
Other	30		75		447		(1		)	551
	121		319		2,097		664			3,201
	$	6,857	$	5,463	$	7,251	$	(6,923	)	$	12,648

Condensed Consolidating Statements of Cash Flows

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(Unaudited)

For the Year Ended December 31, 2013	FES			FG			NG			Eliminations			Consolidated
	(In millions)
NET CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES	$	(1,429	)	$	753		$	776		$	(22	)	$	78
CASH FLOWS FROM FINANCING ACTIVITIES:
New Financing-
Short-term borrowings, net	864			371			150			(954		)	431
Equity contribution from parent	1,500			—			—			—			1,500
Redemptions and Repayments-
Long-term debt	(770		)	(364		)	(90		)	22			(1,202		)
Short-term borrowings, net	(244		)	(505		)	—			749			—
Tender premiums	(67		)	—			—			—			(67		)
Other	(4		)	(5		)	—			—			(9		)
Net cash provided from (used for) financing activities	1,279			(503		)	60			(183		)	653
CASH FLOWS FROM INVESTING ACTIVITIES:
Property additions	(12		)	(256		)	(449		)	—			(717		)
Nuclear fuel	—			—			(250		)	—			(250		)
Proceeds from asset sales	—			21			—			—			21
Sales of investment securities held in trusts	—			—			940			—			940
Purchases of investment securities held in trusts	—			—			(1,000		)	—			(1,000		)
Loans to affiliated companies, net	163			(15		)	(77		)	205			276
Other	(1		)	(1		)	—			—			(2		)
Net cash provided from (used for) investing activities	150			(251		)	(836		)	205			(732		)
Net change in cash and cash equivalents	—			(1		)	—			—			(1		)
Cash and cash equivalents at beginning of period	—			3			—			—			3
Cash and cash equivalents at end of period	$	—		$	2		$	—		$	—		$	2

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(Unaudited)

For the Year Ended December 31, 2012	FES			FG			NG			Eliminations			Consolidated
	(In millions)
NET CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES	$	(1,063	)	$	639		$	1,266		$	(21	)	$	821
CASH FLOWS FROM FINANCING ACTIVITIES:
New Financing-
Long-term debt	—			351			299			—			650
Short-term borrowings, net	—			260			—			(257		)	3
Redemptions and Repayments-
Long-term debt	(1		)	(288		)	(161		)	21			(429		)
Short-term borrowings, net	(707		)	—			(32		)	739			—
Common stock dividend payment	—			(2,000		)	—			2,000			—
Other	(1		)	(8		)	(3		)	—			(12		)
Net cash provided from (used for) financing activities	(709		)	(1,685		)	103			2,503			212
CASH FLOWS FROM INVESTING ACTIVITIES:
Property additions	(14		)	(273		)	(508		)	—			(795		)
Nuclear fuel	—			—			(286		)	—			(286		)
Proceeds from asset sales	—			17			—			—			17
Sales of investment securities held in trusts	—			—			1,464			—			1,464
Purchases of investment securities held in trusts	—			—			(1,502		)	—			(1,502		)
Loans to affiliated companies, net	(211		)	1,338			(538		)	(482		)	107
Dividend received	2,000			—			—			(2,000		)	—
Other	(3		)	(40		)	1			—			(42		)
Net cash provided from (used for) investing activities	1,772			1,042			(1,369		)	(2,482		)	(1,037		)
Net change in cash and cash equivalents	—			(4		)	—			—			(4		)
Cash and cash equivalents at beginning of period	—			7			—			—			7
Cash and cash equivalents at end of period	$	—		$	3		$	—		$	—		$	3

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(Unaudited)

For the Year Ended December 31, 2011	FES			FG			NG			Eliminations			Consolidated
	(In millions)
NET CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES	$	(790	)	$	926		$	702		$	(19	)	$	819
CASH FLOWS FROM FINANCING ACTIVITIES:
New Financing-
Long-term debt	—			140			107			—			247
Redemptions and Repayments-
Long-term debt	(136		)	(362		)	(377		)	19			(856		)
Short-term borrowings, net	1,065			78			32			(1,186		)	(11		)
Other	(9		)	(1		)	(1		)	—			(11		)
Net cash provided from (used for) financing activities	920			(145		)	(239		)	(1,167		)	(631		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Property additions	(24		)	(205		)	(371		)	—			(600		)
Nuclear fuel	—			—			(149		)	—			(149		)
Proceeds from asset sales	9			590			—			—			599
Sales of investment securities held in trusts	—			—			1,843			—			1,843
Purchases of investment securities held in trusts	—			—			(1,890		)	—			(1,890		)
Loans to affiliated companies, net	(120		)	(1,157		)	105			1,186			14
Other	5			(11		)	(1		)	—			(7		)
Net cash used for investing activities	(130		)	(783		)	(463		)	1,186			(190		)
Net change in cash and cash equivalents	—			(2		)	—			—			(2		)
Cash and cash equivalents at beginning of period	—			9			—			—			9
Cash and cash equivalents at end of period	$	—		$	7		$	—		$	—		$	7