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Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (FirstEnergy Solutions Corp.) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES:      
Electric sales $ 3,782 $ 4,390 $ 5,178
Total revenues [1] 14,562 15,026 15,049
OPERATING EXPENSES:      
Fuel 1,666 1,855 2,280
Purchased power 3,813 4,318 4,716
Other operating expenses 3,858 3,749 3,962
Pension and OPEB mark-to-market adjustment 147 242 835
Provision for depreciation 1,313 1,282 1,220
General taxes 1,042 978 962
Impairment of assets (Note 2) 10,665 42 0
Total operating expenses 22,824 12,734 13,987
OPERATING INCOME (LOSS) (8,262) 2,292 1,062
OTHER INCOME (EXPENSE):      
Investment income (loss), including net income from equity investees 84 (22) 72
Interest expense (1,157) (1,132) (1,081)
Capitalized interest 103 117 118
Total other expense (970) (1,399) (891)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (BENEFITS) (9,232) 893 171
INCOME TAXES (BENEFITS) (3,055) 315 (42)
INCOME (LOSS) FROM CONTINUING OPERATIONS (6,177) 578 213
Discontinued operations (net of income taxes of $70) (Note 20) 0 0 86
NET INCOME (LOSS) (6,177) 578 299
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)      
NET INCOME (LOSS) (6,177) 578 299
OTHER COMPREHENSIVE INCOME (LOSS):      
Pension and OPEB prior service costs (59) (116) (76)
Amortized gain on derivative hedges 8 5 (2)
Change in unrealized gain on available-for-sale securities 55 (11) 26
Other comprehensive income (loss) 4 (122) (52)
Income taxes (benefits) on other comprehensive income (loss ) 1 (47) (14)
Other comprehensive income (loss), net of tax 3 (75) (38)
FES      
REVENUES:      
Other 160 188 169
Total revenues [2] 4,398 5,005 6,144
OPERATING EXPENSES:      
Fuel 780 871 1,253
Other operating expenses 1,277 1,308 1,635
Pension and OPEB mark-to-market adjustment 48 57 297
Provision for depreciation 336 324 319
General taxes 88 98 128
Impairment of assets (Note 2) 8,622 33 0
Total operating expenses 12,795 4,728 6,674
OPERATING INCOME (LOSS) (8,397) 277 (530)
OTHER INCOME (EXPENSE):      
Investment income (loss), including net income from equity investees 67 (14) 61
Miscellaneous income 7 3 6
Capitalized interest 34 35 34
Total other expense (46) (130) (58)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (BENEFITS) (8,443) 147 (588)
INCOME TAXES (BENEFITS) (2,988) 65 (228)
INCOME (LOSS) FROM CONTINUING OPERATIONS (5,455) 82 (360)
Discontinued operations (net of income taxes of $70) (Note 20) 0 0 116
NET INCOME (LOSS) (5,455) 82 (244)
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)      
NET INCOME (LOSS) (5,455) 82 (244)
OTHER COMPREHENSIVE INCOME (LOSS):      
Pension and OPEB prior service costs (14) (6) (6)
Amortized gain on derivative hedges 0 (3) (10)
Change in unrealized gain on available-for-sale securities 52 (9) 21
Other comprehensive income (loss) 38 (18) 5
Income taxes (benefits) on other comprehensive income (loss ) 15 (7) 2
Other comprehensive income (loss), net of tax 23 (11) 3
COMPREHENSIVE INCOME (LOSS) (5,432) 71 (241)
FES | Affiliates      
REVENUES:      
Electric sales 457 664 861
OPERATING EXPENSES:      
Purchased power 624 353 271
OTHER INCOME (EXPENSE):      
Interest expense (7) (7) (7)
FES | Non-Affiliates      
REVENUES:      
Electric sales 3,781 4,153 5,114
OPERATING EXPENSES:      
Purchased power 1,020 1,684 2,771
OTHER INCOME (EXPENSE):      
Interest expense $ (147) $ (147) $ (152)
[1] Includes excise tax collections of $406 million, $416 million and $420 million in 2016, 2015 and 2014, respectively.
[2] Includes excise tax collections of $28 million, $44 million and $69 million in 2016, 2015 and 2014, respectively.