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Segment Information
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
FirstEnergy's reportable segments are as follows: Regulated Distribution, Regulated Transmission and CES.
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 located primarily in West Virginia, Virginia and New Jersey that MP and JCP&L, respectively, own or contractually control. The segment's results reflect the commodity costs of securing electric generation and the deferral and amortization of certain fuel costs. This business segment currently controls approximately 3,790 MWs of generation capacity.
The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by ATSI, TrAIL, and certain of FirstEnergy's utilities (JCP&L, ME, PN, MP, PE and WP), and the regulatory asset associated with the abandoned PATH project. 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 primarily from transmission services provided pursuant to the PJM Tariff to LSEs. The segment's results also reflect the net transmission expenses related to the delivery of electricity on FirstEnergy's transmission facilities.
The CES segment, through FES and AE Supply, primarily 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 approximately 14,068 MWs of capacity, including 885 MWs of capacity scheduled to be deactivated by April 2015. The segment’s net income is primarily derived from electric generation sales less the related costs of electricity generation, including fuel, purchased power and net transmission (including congestion) and ancillary and capacity costs charged by PJM to deliver energy to the segment’s customers.
In 2014, the CES segment began to reduce its exposure to weather-sensitive loads, including maintaining competitive generation in excess of committed sales, eliminating load obligations that do not adequately cover risk premiums, pursuing more certain revenue streams, and modifying its hedging strategy to optimize risk management and market upside opportunities. As part of this, the CES segment eliminated future selling efforts in certain sales channels, such as Mass Market, medium commercial-industrial and select large commercial-industrial (Direct), to focus on a selective mix of retail sales channels, wholesale sales that hedge generation more effectively, and maintain a small open position to take advantage of market upside opportunities resulting from volatility such as that experienced in the first quarter of 2014. Going forward, the CES segment will target 65 to 75 million MWHs of sales annually with a target portfolio mix of approximately 10 to 15 million MWHs in Governmental Aggregation sales, 0 to 10 million MWHs of POLR sales, 0 to 20 million MWHs in large commercial and industrial sales (Direct), 10 to 20 million MWHs in block wholesale sales, including Structured Sales, and 10 to 20 million MWHs of spot wholesale sales. Support for current customers in the channels to be exited will remain through their respective contract terms.

Corporate/Other contains corporate support and other businesses that are below the quantifiable threshold for separate disclosure as a reportable segment and interest expense on stand-alone holding company debt and corporate income taxes.  As of December 31, 2014, Corporate/Other had $4.2 billion of stand-alone holding company long-term debt, of which 28% was subject to variable-interest rates and $1.7 billion was borrowed under the FE revolving credit facility. Reconciling adjustments for the elimination of inter-segment transactions are shown separately in the accompanying table. 


Segment Financial Information

For the Years Ended December 31,
 
Regulated Distribution
 
Regulated Transmission
 
Competitive Energy Services
 
Corporate/ Other
 
Reconciling Adjustments
 
Consolidated
 
 
(In millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
9,102

 
$
769

 
$
5,470

 
$
(146
)
 
$
(146
)
 
$
15,049

Internal revenues
 
—

 
—

 
819

 
—

 
(819
)
 
—

Total revenues
 
9,102

 
769

 
6,289

 
(146
)
 
(965
)
 
15,049

Depreciation
 
658

 
127

 
387

 
48

 
—

 
1,220

Amortization of regulatory assets, net
 
1

 
11

 
—

 
—

 
—

 
12

Investment income
 
56

 
—

 
45

 
11

 
(40
)
 
72

Interest expense
 
589

 
131

 
189

 
168

 
(4
)
 
1,073

Income taxes (benefits)
 
227

 
121

 
(226
)
 
(175
)
 
11

 
(42
)
Income (loss) from continuing operations
 
465

 
223

 
(423
)
 
(52
)
 
—

 
213

Discontinued operations, net of tax
 
—

 
—

 
86

 
—

 
—

 
86

Net income (loss)
 
465

 
223

 
(337
)
 
(52
)
 
—

 
299

Total assets
 
28,232

 
6,352

 
16,743

 
839

 
—

 
52,166

Total goodwill
 
5,092

 
526

 
800

 
—

 
—

 
6,418

Property additions
 
972

 
1,329

 
939

 
72

 
—

 
3,312

 
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
8,720

 
$
731

 
$
5,728

 
$
(121
)
 
$
(166
)
 
$
14,892

Internal revenues
 
—

 
—

 
770

 
—

 
(770
)
 
—

Total revenues
 
8,720

 
731

 
6,498

 
(121
)
 
(936
)
 
14,892

Depreciation
 
606

 
114

 
439

 
43

 
—

 
1,202

Amortization of regulatory assets, net
 
529

 
10

 
—

 
—

 
—

 
539

Investment income
 
57

 
—

 
11

 
9

 
(44
)
 
33

Interest expense
 
543

 
93

 
222

 
148

 
10

 
1,016

Income taxes (benefits)
 
301

 
129

 
(141
)
 
(104
)
 
10

 
195

Income (loss) from continuing operations
 
501

 
214

 
(237
)
 
(103
)
 
—

 
375

Discontinued operations, net of tax
 
—

 
—

 
17

 
—

 
—

 
17

Net income (loss)
 
501

 
214

 
(220
)
 
(103
)
 
—

 
392

Total assets
 
27,683

 
5,247

 
16,782

 
712

 
—

 
50,424

Total goodwill
 
5,092

 
526

 
800

 
—

 
—

 
6,418

Property additions
 
1,272

 
461

 
827

 
78

 
—

 
2,638

 
 
 
 
 
 
 
 
 
 
 
 
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
9,047

 
$
735

 
$
5,778

 
$
(119
)
 
$
(188
)
 
$
15,253

Internal revenues
 
—

 
—

 
866

 
—

 
(864
)
 
2

Total revenues
 
9,047

 
735

 
6,644

 
(119
)
 
(1,052
)
 
15,255

Depreciation
 
558

 
114

 
409

 
38

 
—

 
1,119

Amortization of regulatory assets, net
 
(65
)
 
(3
)
 
—

 
—

 
—

 
(68
)
Investment income (loss)
 
84

 
1

 
66

 
(5
)
 
(69
)
 
77

Interest expense
 
540

 
92

 
284

 
85

 
—

 
1,001

Income taxes (benefits)
 
295

 
133

 
83

 
(34
)
 
68

 
545

Income (loss) from continuing operations
 
540

 
226

 
199

 
(155
)
 
(55
)
 
755

Discontinued operations, net of tax
 
—

 
—

 
16

 
—

 
—

 
16

Net income (loss)
 
540

 
226

 
215

 
(155
)
 
(55
)
 
771

Total assets
 
27,150

 
4,865

 
18,087

 
392

 
—

 
50,494

Total goodwill
 
5,025

 
526

 
896

 
—

 
—

 
6,447

Property additions
 
1,074

 
507

 
1,014

 
83

 
—

 
2,678