Capitalization (Tables)

12 Months Ended

Dec. 31, 2014

Capitalization, Long-term Debt and Equity [Abstract]

Preferred stock and preference stock authorizations

FirstEnergy and the Utilities were authorized to issue preferred stock and preference stock as of December 31, 2014, as follows:

	Preferred Stock			Preference Stock
	Shares Authorized	Par Value		Shares Authorized	Par Value
FirstEnergy	5,000,000	$	100
OE	6,000,000	$	100	8,000,000	no par
OE	8,000,000	$	25
Penn	1,200,000	$	100
CEI	4,000,000	no par		3,000,000	no par
TE	3,000,000	$	100	5,000,000	$	25
TE	12,000,000	$	25
JCP&L	15,600,000	no par
ME	10,000,000	no par
PN	11,435,000	no par
MP	940,000	$	100
PE	10,000,000	$	0.01
WP	32,000,000	no par

Outstanding consolidated long-term debt and other long-term obligations

The following tables present outstanding long-term debt and capital lease obligations for FirstEnergy and FES as of December 31, 2014 and 2013:

	As of December 31, 2014		As of December 31
(Dollar amounts in millions)	Maturity Date	Interest Rate	2014			2013
FirstEnergy:
FMBs	2015 - 2044	3.340% - 9.740%	$	3,190		$	3,166
Secured notes - fixed rate	2015 - 2037	0.000% - 7.880%	1,793			1,804
Unsecured notes - fixed rate	2015 - 2044	2.150% - 7.700%	13,532			11,076
Unsecured notes - variable rate	2015 - 2019	0.030% - 1.920%	1,292			959
Total unsecured notes			14,824			12,035
Capital lease obligations			160			188
Unamortized debt premiums (discounts)			(8		)	9
Unamortized fair value adjustments			21			44
Currently payable long-term debt			(804		)	(1,415		)
Total long-term debt and other long-term obligations			$	19,176		$	15,831
FES:
Secured notes - fixed rate	2015 - 2017	0.000% - 12.000%	$	126		$	188
Unsecured notes - fixed rate	2015 - 2039	2.150% - 6.800%	2,879			2,077
Unsecured notes - variable rate	2015 - 2015	0.030% - 0.050%	92			736
Total unsecured notes			2,971			2,813
Capital lease obligations			18			22
Unamortized debt discounts			(1		)	(1		)
Currently payable long-term debt			(506		)	(892		)
Total long-term debt and other long-term obligations			$	2,608		$	2,130

Sinking fund requirements for FMBs and maturing long-term debt (excluding capital leases and variable rate PCRBs) for the next five years

The following table presents scheduled debt repayments for outstanding long-term debt, excluding capital leases, fair value purchase accounting adjustments and unamortized debt discounts and premiums, for the next five years as of December 31, 2014. PCRBs that can be tendered for mandatory purchase prior to maturity are reflected in 2015.

Year	FirstEnergy		FES
	(In millions)
2015	$	769	$	501
2016	1,241		416
2017	1,641		163
2018	1,687		501
2019	2,266		322

Outstanding PCRBs for the next three years

The following table classifies the outstanding fixed rate put PCRBs and variable rate PCRBs by year, excluding unamortized debt discounts and premiums, for the next five years based on the next date on which the debt holders may exercise their right to tender their PCRBs.

Year	FirstEnergy		FES
	(In millions)
2015	$	405	$	405
2016	391		391
2017	130		130
2018	359		359
2019	232		232

Amounts and percentages of LOCs and Insurance Policies for FirstEnergy, FES and Utilities

The amounts and annual fees for PCRB-related LOCs for FirstEnergy and FES as of December 31, 2014, are as follows:

	Aggregate LOC Amount (1)		Annual Fees
	(In millions)
FirstEnergy	$	93	1.65%
FES	93		1.65%