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Consolidated Statements of Income (FirstEnergy Corp.) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
REVENUES:                      
Electric utilities $ 3,483us-gaap_ElectricUtilityRevenue $ 3,888us-gaap_ElectricUtilityRevenue $ 3,496us-gaap_ElectricUtilityRevenue $ 4,182us-gaap_ElectricUtilityRevenue $ 3,633us-gaap_ElectricUtilityRevenue $ 4,032us-gaap_ElectricUtilityRevenue $ 3,507us-gaap_ElectricUtilityRevenue $ 3,720us-gaap_ElectricUtilityRevenue $ 9,871us-gaap_ElectricUtilityRevenue $ 9,451us-gaap_ElectricUtilityRevenue $ 9,782us-gaap_ElectricUtilityRevenue
Unregulated businesses                 5,178us-gaap_ElectricWorldwideUnregulatedRevenue 5,441us-gaap_ElectricWorldwideUnregulatedRevenue 5,473us-gaap_ElectricWorldwideUnregulatedRevenue
Total revenues                 15,049us-gaap_SalesRevenueNet [1] 14,892us-gaap_SalesRevenueNet [1] 15,255us-gaap_SalesRevenueNet [1]
OPERATING EXPENSES:                      
Fuel                 2,280us-gaap_FuelCosts 2,496us-gaap_FuelCosts 2,471us-gaap_FuelCosts
Purchased power                 4,716us-gaap_CostOfPurchasedPower 3,963us-gaap_CostOfPurchasedPower 4,246us-gaap_CostOfPurchasedPower
Other operating expenses 901us-gaap_OtherCostAndExpenseOperating 858us-gaap_OtherCostAndExpenseOperating 1,021us-gaap_OtherCostAndExpenseOperating 1,182us-gaap_OtherCostAndExpenseOperating 948us-gaap_OtherCostAndExpenseOperating 877us-gaap_OtherCostAndExpenseOperating 886us-gaap_OtherCostAndExpenseOperating 882us-gaap_OtherCostAndExpenseOperating 3,962us-gaap_OtherCostAndExpenseOperating 3,593us-gaap_OtherCostAndExpenseOperating 3,760us-gaap_OtherCostAndExpenseOperating
Pension and OPEB mark-to-market adjustment 835us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease 0us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease 0us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease 0us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease (256)us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease 0us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease 0us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease 0us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease 835us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease (256)us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease 609us-gaap_DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
Provision for depreciation 316us-gaap_Depreciation 308us-gaap_Depreciation 302us-gaap_Depreciation 294us-gaap_Depreciation 293us-gaap_Depreciation 316us-gaap_Depreciation 300us-gaap_Depreciation 293us-gaap_Depreciation 1,220us-gaap_Depreciation 1,202us-gaap_Depreciation 1,119us-gaap_Depreciation
Amortization (deferral) of regulatory assets, net                 12us-gaap_AmortizationOfRegulatoryAsset 539us-gaap_AmortizationOfRegulatoryAsset (68)us-gaap_AmortizationOfRegulatoryAsset
General taxes                 962us-gaap_UtilitiesOperatingExpenseTaxes 978us-gaap_UtilitiesOperatingExpenseTaxes 984us-gaap_UtilitiesOperatingExpenseTaxes
Impairment of long-lived assets 0us-gaap_UtilitiesOperatingExpenseImpairments 0us-gaap_UtilitiesOperatingExpenseImpairments 0us-gaap_UtilitiesOperatingExpenseImpairments 0us-gaap_UtilitiesOperatingExpenseImpairments 322us-gaap_UtilitiesOperatingExpenseImpairments 0us-gaap_UtilitiesOperatingExpenseImpairments 473us-gaap_UtilitiesOperatingExpenseImpairments 0us-gaap_UtilitiesOperatingExpenseImpairments 0us-gaap_UtilitiesOperatingExpenseImpairments 795us-gaap_UtilitiesOperatingExpenseImpairments 0us-gaap_UtilitiesOperatingExpenseImpairments
Total operating expenses                 13,987us-gaap_CostsAndExpenses 13,310us-gaap_CostsAndExpenses 13,121us-gaap_CostsAndExpenses
OPERATING INCOME (LOSS) (337)us-gaap_OperatingIncomeLoss 716us-gaap_OperatingIncomeLoss 292us-gaap_OperatingIncomeLoss 391us-gaap_OperatingIncomeLoss 387us-gaap_OperatingIncomeLoss 508us-gaap_OperatingIncomeLoss 42us-gaap_OperatingIncomeLoss 645us-gaap_OperatingIncomeLoss 1,062us-gaap_OperatingIncomeLoss 1,582us-gaap_OperatingIncomeLoss 2,134us-gaap_OperatingIncomeLoss
OTHER INCOME (EXPENSE):                      
Loss on debt redemptions                 (8)us-gaap_GainsLossesOnExtinguishmentOfDebt (132)us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Investment income                 72us-gaap_InvestmentIncomeInterestAndDividend 33us-gaap_InvestmentIncomeInterestAndDividend 77us-gaap_InvestmentIncomeInterestAndDividend
Interest expense                 (1,073)us-gaap_InterestAndDebtExpense (1,016)us-gaap_InterestAndDebtExpense (1,001)us-gaap_InterestAndDebtExpense
Capitalized financing costs                 118us-gaap_InterestCostsIncurredCapitalized 103us-gaap_InterestCostsIncurredCapitalized 90us-gaap_InterestCostsIncurredCapitalized
Total other expense                 (891)us-gaap_NonoperatingIncomeExpense (1,012)us-gaap_NonoperatingIncomeExpense (834)us-gaap_NonoperatingIncomeExpense
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES                 171us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 570us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 1,300us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
INCOME TAXES (268)us-gaap_IncomeTaxExpenseBenefit 152us-gaap_IncomeTaxExpenseBenefit 26us-gaap_IncomeTaxExpenseBenefit 48us-gaap_IncomeTaxExpenseBenefit 66us-gaap_IncomeTaxExpenseBenefit 77us-gaap_IncomeTaxExpenseBenefit (62)us-gaap_IncomeTaxExpenseBenefit 114us-gaap_IncomeTaxExpenseBenefit (42)us-gaap_IncomeTaxExpenseBenefit 195us-gaap_IncomeTaxExpenseBenefit 545us-gaap_IncomeTaxExpenseBenefit
INCOME FROM CONTINUING OPERATIONS (306)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 333us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 64us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 122us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 142us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 209us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest (168)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 192us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 213us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 375us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 755us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Discontinued operations (net of income taxes of $69, $9 and $8, respectively) (Note 19) 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 86us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 9us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 4us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 4us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 86us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 17us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 16us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
NET INCOME (LOSS) (306)us-gaap_ProfitLoss 333us-gaap_ProfitLoss 64us-gaap_ProfitLoss 208us-gaap_ProfitLoss 142us-gaap_ProfitLoss 218us-gaap_ProfitLoss (164)us-gaap_ProfitLoss 196us-gaap_ProfitLoss 299us-gaap_ProfitLoss 392us-gaap_ProfitLoss 771us-gaap_ProfitLoss
Income attributable to noncontrolling interest                 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 1us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
EARNINGS AVAILABLE TO FIRSTENERGY CORP.                 $ 299us-gaap_NetIncomeLoss $ 392us-gaap_NetIncomeLoss $ 770us-gaap_NetIncomeLoss
EARNINGS PER SHARE OF COMMON STOCK:                      
Basic - Continuing Operations, in dollars per share $ (0.73)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.79us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.16us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.29us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.34us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.50us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ (0.40)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.46us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.51us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.90us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.81us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Basic - Discontinued Operations, in dollars per share $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.21us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.02us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.01us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.01us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.20us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.04us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.04us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Basic - Earnings Available to FirstEnergy Corp., in dollars per share $ (0.73)us-gaap_EarningsPerShareBasic $ 0.79us-gaap_EarningsPerShareBasic $ 0.16us-gaap_EarningsPerShareBasic $ 0.50us-gaap_EarningsPerShareBasic $ 0.34us-gaap_EarningsPerShareBasic $ 0.52us-gaap_EarningsPerShareBasic $ (0.39)us-gaap_EarningsPerShareBasic $ 0.47us-gaap_EarningsPerShareBasic $ 0.71us-gaap_EarningsPerShareBasic $ 0.94us-gaap_EarningsPerShareBasic $ 1.85us-gaap_EarningsPerShareBasic
Diluted - Continuing Operations, in dollars per share $ (0.73)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.79us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.15us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.29us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.34us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.50us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ (0.40)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.46us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.51us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.90us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.80us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Diluted - Discontinued Operations, in dollars per share $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.20us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.02us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.01us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.01us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.20us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.04us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.04us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Diluted - Earnings Available to FirstEnergy Corp., in dollars per share $ (0.73)us-gaap_EarningsPerShareDiluted $ 0.79us-gaap_EarningsPerShareDiluted $ 0.15us-gaap_EarningsPerShareDiluted $ 0.49us-gaap_EarningsPerShareDiluted $ 0.34us-gaap_EarningsPerShareDiluted $ 0.52us-gaap_EarningsPerShareDiluted $ (0.39)us-gaap_EarningsPerShareDiluted $ 0.47us-gaap_EarningsPerShareDiluted $ 0.71us-gaap_EarningsPerShareDiluted $ 0.94us-gaap_EarningsPerShareDiluted $ 1.84us-gaap_EarningsPerShareDiluted
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:                      
Basic, in shares                 420us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 418us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 418us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted, in shares                 421us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 419us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 419us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
DIVIDENDS DECLARED PER SHARE OF COMMON STOCK, in dollars per share                 $ 1.44us-gaap_CommonStockDividendsPerShareDeclared $ 1.65us-gaap_CommonStockDividendsPerShareDeclared $ 2.20us-gaap_CommonStockDividendsPerShareDeclared
[1] Includes excise tax collections of $420 million, $458 million and $484 million in 2014, 2013 and 2012, respectively.