Capitalization (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017, 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, 2017 and 2016:

	As of December 31, 2017		As of December 31
(Dollar amounts in millions)	Maturity Date	Interest Rate	2017			2016
FirstEnergy:
FMBs and secured notes - fixed rate	2018 - 2056	1.726% - 9.740%	$	5,446		$	5,623
Secured notes - variable rate	2019	4.500%	9			10
Total FMBs and secured notes			5,455			5,633
Unsecured notes - fixed rate	2018 - 2047	2.550% - 7.700%	15,370			13,058
Unsecured notes - variable rate	2020 - 2021	3.227%	1,450			1,200
Total unsecured notes			16,820			14,258
Capital lease obligations			91			104
Unamortized debt discounts			(42		)	(25		)
Unamortized debt issuance costs			(113		)	(87		)
Unamortized fair value adjustments			(14		)	(6		)
Currently payable long-term debt			(1,082		)	(1,685		)
Total long-term debt and other long-term obligations			$	21,115		$	18,192
FES:
Secured notes - fixed rate	2018 - 2047	4.250% - 5.625%	$	612		$	617
Secured notes - variable rate	2019	4.500%	9			10
Total secured notes			621			627
Unsecured notes - fixed rate	2019 - 2041	2.550% - 6.800%	2,215			2,373
Capital lease obligations			2			8
Unamortized debt discounts			(1		)	(1		)
Unamortized debt issuance costs			(14		)	(15		)
Currently payable long-term debt			(524		)	(179		)
Total long-term debt and other long-term obligations			$	2,299		$	2,813

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, 2017. PCRBs that are scheduled to be tendered for mandatory purchase prior to maturity are reflected in the applicable year in which such PCRBs are scheduled to be tendered.

Year	FirstEnergy		FES
	(In millions)
2018	$	1,051	$	515
2019	1,267		323
2020	1,281		667
2021	2,032		674
2022	1,428		284

Outstanding PCRBs for the next three years

The following table classifies these 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)
2018	$	375	$	375
2019	232		232
2020	490		490
2021	342		342
2022	284		284