Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2014

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, 2014	FES			FG			NG			Eliminations			Consolidated
	(In millions)
STATEMENTS OF INCOME (LOSS)
REVENUES	$	5,990		$	1,902		$	2,172		$	(3,920	)	$	6,144
OPERATING EXPENSES:
Fuel	—			1,055			198			—			1,253
Purchased power from affiliates	3,920			—			271			(3,920		)	271
Purchased power from non-affiliates	2,767			4			—			—			2,771
Other operating expenses	790			269			527			49			1,635
Pension and OPEB mark-to-market adjustments	19			90			188			—			297
Provision for depreciation	10			119			193			(3		)	319
General taxes	72			31			25			—			128
Total operating expenses	7,578			1,568			1,402			(3,874		)	6,674
OPERATING INCOME (LOSS)	(1,588		)	334			770			(46		)	(530		)
OTHER INCOME (EXPENSE):
Loss on debt redemptions	(3		)	(1		)	(2		)	—			(6		)
Investment income	7			8			61			(15		)	61
Miscellaneous income, including net income from equity investees	786			4			—			(784		)	6
Interest expense — affiliates	(12		)	(6		)	(4		)	15			(7		)
Interest expense — other	(53		)	(101		)	(52		)	60			(146		)
Capitalized interest	—			4			30			—			34
Total other income (expense)	725			(92		)	33			(724		)	(58		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (BENEFITS)	(863		)	242			803			(770		)	(588		)
INCOME TAXES (BENEFITS)	(619		)	87			298			6			(228		)
INCOME (LOSS) FROM CONTINUING OPERATIONS	(244		)	155			505			(776		)	(360		)
Discontinued operations (net of income taxes of $70)	—			116			—			—			116
NET INCOME (LOSS)	$	(244	)	$	271		$	505		$	(776	)	$	(244	)
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
NET INCOME (LOSS)	$	(244	)	$	271		$	505		$	(776	)	$	(244	)
OTHER COMPREHENSIVE LOSS:
Pension and OPEB prior service costs	(6		)	(5		)	—			5			(6		)
Amortized gain on derivative hedges	(10		)	—			—			—			(10		)
Change in unrealized gain on available-for-sale securities	21			—			21			(21		)	21
Other comprehensive income (loss)	5			(5		)	21			(16		)	5
Income tax benefits on other comprehensive income (loss)	2			(2		)	8			(6		)	2
Other comprehensive income (loss), net of tax	3			(3		)	13			(10		)	3
COMPREHENSIVE INCOME (LOSS)	$	(241	)	$	268		$	518		$	(786	)	$	(241	)

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(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
Pension 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:
Pension 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 income	(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
Pension 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):
Pension and OPEB prior service costs	6			6			—			(6		)	6
Amortized loss 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

Condensed Consolidating Balance Sheets

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING BALANCE SHEETS

(Unaudited)

As of December 31, 2014	FES		FG		NG		Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—	$	2	$	—	$	—		$	2
Receivables-
Customers	415		—		—		—			415
Affiliated companies	484		487		674		(1,120		)	525
Other	66		21		20		—			107
Notes receivable from affiliated companies	339		838		272		(1,449		)	—
Materials and supplies	67		202		223		—			492
Derivatives	147		—		—		—			147
Collateral	229		—		—		—			229
Prepayments and other	56		41		—		(2		)	95
	1,803		1,591		1,189		(2,571		)	2,012
PROPERTY, PLANT AND EQUIPMENT:
In service	133		6,217		7,628		(382		)	13,596
Less — Accumulated provision for depreciation	36		2,058		3,305		(191		)	5,208
	97		4,159		4,323		(191		)	8,388
Construction work in progress	3		206		801		—			1,010
	100		4,365		5,124		(191		)	9,398
INVESTMENTS:
Nuclear plant decommissioning trusts	—		—		1,365		—			1,365
Investment in affiliated companies	6,607		—		—		(6,607		)	—
Other	—		10		—		—			10
	6,607		10		1,365		(6,607		)	1,375
DEFERRED CHARGES AND OTHER ASSETS:
Accumulated deferred income tax benefits	276		76		—		(352		)	—
Customer intangibles	78		—		—		—			78
Goodwill	23		—		—		—			23
Property taxes	—		14		27		—			41
Unamortized sale and leaseback costs	—		—		—		217			217
Derivatives	52		—		—		—			52
Other	34		277		7		(204		)	114
	463		367		34		(339		)	525
	$	8,973	$	6,333	$	7,712	$	(9,708	)	$	13,310
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt	$	18	$	164	$	348	$	(24	)	$	506
Short-term borrowings-
Affiliated companies	1,135		321		28		(1,449		)	35
Other	90		9		—		—			99
Accounts payable-
Affiliated companies	1,068		197		219		(1,068		)	416
Other	46		202		—		—			248
Accrued taxes	2		62		161		(123		)	102
Derivatives	166		—		—		—			166
Other	72		56		9		47			184
	2,597		1,011		765		(2,617		)	1,756
CAPITALIZATION:
Total equity	5,585		2,561		4,014		(6,575		)	5,585
Long-term debt and other long-term obligations	695		2,215		859		(1,161		)	2,608
	6,280		4,776		4,873		(7,736		)	8,193
NONCURRENT LIABILITIES:
Deferred gain on sale and leaseback transaction	—		—		—		824			824
Accumulated deferred income taxes	13		—		678		(180		)	511
Asset retirement obligations	—		189		652		—			841
Retirement benefits	36		288		—		—			324
Derivatives	14		—		—		—			14
Other	33		69		744		1			847
	96		546		2,074		645			3,361
	$	8,973	$	6,333	$	7,712	$	(9,708	)	$	13,310

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
Collateral	136		—		—		—			136
Prepayments and other	52		50		7		—			109
	2,161		1,033		1,147		(1,825		)	2,516
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	—		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	81		228		18		(155		)	172
	252		374		44		(118		)	552
	$	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

Condensed Consolidating Statements of Cash Flows

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(Unaudited)

For the Year Ended December 31, 2014	FES			FG			NG			Eliminations			Consolidated
	(In millions)
NET CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES	$	(600	)	$	408		$	785		$	(22	)	$	571
CASH FLOWS FROM FINANCING ACTIVITIES:
New Financing-
Long-term debt	—			431			447			—			878
Short-term borrowings, net	247			114			—			(361		)	—
Equity contribution from parent	500			—			—			—			500
Redemptions and Repayments-
Long-term debt	(1		)	(269		)	(568		)	22			(816		)
Short-term borrowings, net	—			—			(123		)	(178		)	(301		)
Other	(1		)	(12		)	(2		)	—			(15		)
Net cash provided from (used for) financing activities	745			264			(246		)	(517		)	246
CASH FLOWS FROM INVESTING ACTIVITIES:
Property additions	(8		)	(169		)	(662		)	—			(839		)
Nuclear fuel	—			—			(233		)	—			(233		)
Proceeds from asset sales	—			307			—			—			307
Sales of investment securities held in trusts	—			—			1,163			—			1,163
Purchases of investment securities held in trusts	—			—			(1,219		)	—			(1,219		)
Loans to affiliated companies, net	(136		)	(815		)	412			539			—
Other	(1		)	5			—			—			4
Net cash used for investing activities	(145		)	(672		)	(539		)	539			(817		)
Net change in cash and cash equivalents	—			—			—			—			—
Cash and cash equivalents at beginning of period	—			2			—			—			2
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, 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
Dividends 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