Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2017

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)

For the Year Ended December 31, 2017	FES			FG			NG			Eliminations			Consolidated
	(In millions)
STATEMENTS OF INCOME (LOSS)
REVENUES	$	3,037		$	1,062		$	1,362		$	(2,363	)	$	3,098
OPERATING EXPENSES:
Fuel	—			390			209			—			599
Purchased power from affiliates	2,488			—			76			(2,363		)	201
Purchased power from non-affiliates	628			—			—			—			628
Other operating expenses	322			490			653			49			1,514
Pension and OPEB mark-to-market adjustment	(12		)	(30		)	66			—			24
Provision for depreciation	12			32			67			(2		)	109
General taxes	20			21			17			—			58
Impairment of assets and related charges	—			—			2,031			—			2,031
Total operating expenses	3,458			903			3,119			(2,316		)	5,164
OPERATING INCOME (LOSS)	(421		)	159			(1,757		)	(47		)	(2,066		)
OTHER INCOME (EXPENSE):
Investment income (loss), including net income (loss) from equity investees	(1,864		)	39			113			1,806			94
Miscellaneous income	1			1			5			—			7
Interest expense — affiliates	(75		)	(11		)	(1		)	68			(19		)
Interest expense — other	(46		)	(104		)	(44		)	56			(138		)
Capitalized interest	—			2			24			—			26
Total other income (expense)	(1,984		)	(73		)	97			1,930			(30		)
INCOME (LOSS) BEFORE INCOME TAXES (BENEFITS)	(2,405		)	86			(1,660		)	1,883			(2,096		)
INCOME TAXES (BENEFITS)	(14		)	360			(78		)	27			295
NET INCOME (LOSS)	$	(2,391	)	$	(274	)	$	(1,582	)	$	1,856		$	(2,391	)
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
NET INCOME (LOSS)	$	(2,391	)	$	(274	)	$	(1,582	)	$	1,856		$	(2,391	)
OTHER COMPREHENSIVE INCOME (LOSS):
Pension and OPEB prior service costs	(14		)	(13		)	—			13			(14		)
Amortized gain on derivative hedges	2			—			—			—			2
Change in unrealized gain on available-for-sale securities	30			—			30			(30		)	30
Other comprehensive income (loss)	18			(13		)	30			(17		)	18
Income taxes (benefits) on other comprehensive income (loss)	6			(5		)	10			(5		)	6
Other comprehensive income (loss), net of tax	12			(8		)	20			(12		)	12
COMPREHENSIVE INCOME (LOSS)	$	(2,379	)	$	(282	)	$	(1,562	)	$	1,844		$	(2,379	)

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

For the Year Ended December 31, 2016	FES			FG			NG			Eliminations			Consolidated
	(In millions)
STATEMENTS OF INCOME (LOSS)
REVENUES	$	4,242		$	1,739		$	2,004		$	(3,587	)	$	4,398
OPERATING EXPENSES:
Fuel	—			582			198			—			780
Purchased power from affiliates	4,024			—			187			(3,587		)	624
Purchased power from non-affiliates	1,020			—			—			—			1,020
Other operating expenses	310			286			632			49			1,277
Pension and OPEB mark-to-market adjustment	(1		)	(4		)	53			—			48
Provision for depreciation	13			120			206			(3		)	336
General taxes	31			30			27			—			88
Impairment of assets and related charges	39			3,937			4,729			(83		)	8,622
Total operating expenses	5,436			4,951			6,032			(3,624		)	12,795
OPERATING LOSS	(1,194		)	(3,212		)	(4,028		)	37			(8,397		)
OTHER INCOME (EXPENSE):
Investment income (loss), including net income (loss) from equity investees	(4,585		)	30			84			4,538			67
Miscellaneous income	4			3			—			—			7
Interest expense — affiliates	(50		)	(10		)	(4		)	57			(7		)
Interest expense — other	(55		)	(105		)	(44		)	57			(147		)
Capitalized interest	—			8			26			—			34
Total other income (expense)	(4,686		)	(74		)	62			4,652			(46		)
LOSS BEFORE INCOME TAX BENEFITS	(5,880		)	(3,286		)	(3,966		)	4,689			(8,443		)
INCOME TAX BENEFITS	(425		)	(1,169		)	(1,429		)	35			(2,988		)
NET LOSS	$	(5,455	)	$	(2,117	)	$	(2,537	)	$	4,654		$	(5,455	)
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
NET LOSS	$	(5,455	)	$	(2,117	)	$	(2,537	)	$	4,654		$	(5,455	)
OTHER COMPREHENSIVE INCOME (LOSS):
Pension and OPEB prior service costs	(14		)	(14		)	—			14			(14		)
Amortized gain on derivative hedges	—			—			—			—			—
Change in unrealized gain on available-for-sale securities	52			—			52			(52		)	52
Other comprehensive income (loss)	38			(14		)	52			(38		)	38
Income taxes (benefits) on other comprehensive income (loss)	15			(5		)	20			(15		)	15
Other comprehensive income (loss), net of tax	23			(9		)	32			(23		)	23
COMPREHENSIVE LOSS	$	(5,432	)	$	(2,126	)	$	(2,505	)	$	4,631		$	(5,432	)

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

For the Year Ended December 31, 2015	FES			FG			NG			Eliminations			Consolidated
	(In millions)
STATEMENTS OF INCOME
REVENUES	$	4,824		$	1,801		$	2,138		$	(3,758	)	$	5,005
OPERATING EXPENSES:
Fuel	—			679			192			—			871
Purchased power from affiliates	3,826			—			285			(3,758		)	353
Purchased power from non-affiliates	1,684			—			—			—			1,684
Other operating expenses	378			273			608			49			1,308
Pension and OPEB mark-to-market adjustment	(8		)	10			55			—			57
Provision for depreciation	12			124			191			(3		)	324
General taxes	45			26			27			—			98
Impairment of assets and related charges	21			2			10			—			33
Total operating expenses	5,958			1,114			1,368			(3,712		)	4,728
OPERATING INCOME (LOSS)	(1,134		)	687			770			(46		)	277
OTHER INCOME (EXPENSE):
Investment income (loss), including net income (loss) from equity investees	844			17			(5		)	(870		)	(14		)
Miscellaneous income	1			2			—			—			3
Interest expense — affiliates	(29		)	(8		)	(4		)	34			(7		)
Interest expense — other	(52		)	(104		)	(49		)	58			(147		)
Capitalized interest	—			6			29			—			35
Total other income (expense)	764			(87		)	(29		)	(778		)	(130		)
INCOME (LOSS) BEFORE INCOME TAXES (BENEFITS)	(370		)	600			741			(824		)	147
INCOME TAXES (BENEFITS)	(452		)	224			278			15			65
NET INCOME	$	82		$	376		$	463		$	(839	)	$	82
STATEMENTS OF COMPREHENSIVE INCOME
NET INCOME	$	82		$	376		$	463		$	(839	)	$	82
OTHER COMPREHENSIVE LOSS:
Pension and OPEB prior service costs	(6		)	(5		)	—			5			(6		)
Amortized gain on derivative hedges	(3		)	—			—			—			(3		)
Change in unrealized gain on available-for-sale securities	(9		)	—			(8		)	8			(9		)
Other comprehensive loss	(18		)	(5		)	(8		)	13			(18		)
Income tax benefits on other comprehensive loss	(7		)	(2		)	(3		)	5			(7		)
Other comprehensive loss, net of tax	(11		)	(3		)	(5		)	8			(11		)
COMPREHENSIVE INCOME	$	71		$	373		$	458		$	(831	)	$	71

Condensed Consolidating Balance Sheets

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING BALANCE SHEETS

As of December 31, 2017	FES			FG		NG		Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—		$	1	$	—	$	—		$	1
Receivables-
Customers	181			—		—		—			181
Affiliated companies	210			80		260		(326		)	224
Other	13			8		—		—			21
Notes receivable from affiliated companies	366			1,744		1,512		(3,622		)	—
Materials and supplies	41			142		—		—			183
Derivatives	34			—		—		—			34
Collateral	105			25		—		—			130
Prepaid taxes and other	10			12		—		—			22
	960			2,012		1,772		(3,948		)	796
PROPERTY, PLANT AND EQUIPMENT:
In service	122			2,646		8		(281		)	2,495
Less — Accumulated provision for depreciation	65			1,947		—		(189		)	1,823
	57			699		8		(92		)	672
Construction work in progress	3			19		—		—			22
	60			718		8		(92		)	694
INVESTMENTS:
Nuclear plant decommissioning trusts	—			—		1,856		—			1,856
Investment in affiliated companies	1,153			—		—		(1,153		)	—
Other	—			9		—		—			9
	1,153			9		1,856		(1,153		)	1,865
DEFERRED CHARGES AND OTHER ASSETS:
Accumulated deferred income tax benefits	267			790		890		(193		)	1,754
Property taxes	—			9		16		—			25
Other	45			310		—		25			380
	312			1,109		906		(168		)	2,159
	$	2,485		$	3,848	$	4,542	$	(5,361	)	$	5,514
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt	$	—		$	438	$	114	$	(28	)	$	524
Short-term borrowings - affiliated companies	3,325			402		—		(3,622		)	105
Accounts payable-
Affiliated companies	320			60		194		(319		)	255
Other	22			83		—		—			105
Accrued taxes	52			12		21		(13		)	72
Derivatives	22			2		—		—			24
Other	44			73		11		41			169
	3,785			1,070		340		(3,941		)	1,254
CAPITALIZATION:
Total equity (deficit)	(2,070		)	547		528		(1,075		)	(2,070		)
Long-term debt and other long-term obligations	691			1,666		1,007		(1,065		)	2,299
	(1,379		)	2,213		1,535		(2,140		)	229
NONCURRENT LIABILITIES:
Deferred gain on sale and leaseback transaction	—			—		—		723			723
Retirement benefits	28			125		—		—			153
Asset retirement obligations	—			187		1,758		—			1,945
Other	51			253		909		(3		)	1,210
	79			565		2,667		720			4,031
	$	2,485		$	3,848	$	4,542	$	(5,361	)	$	5,514

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING BALANCE SHEETS

As of December 31, 2016	FES		FG		NG		Eliminations			Consolidated
	(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—	$	2	$	—	$	—		$	2
Receivables-
Customers	213		—		—		—			213
Affiliated companies	332		315		417		(612		)	452
Other	17		2		8		—			27
Notes receivable from affiliated companies	501		1,585		1,294		(3,351		)	29
Materials and supplies	45		142		80		—			267
Derivatives	137		—		—		—			137
Collateral	157		—		—		—			157
Prepaid taxes and other	38		24		1		—			63
	1,440		2,070		1,800		(3,963		)	1,347
PROPERTY, PLANT AND EQUIPMENT:
In service	120		2,524		4,703		(290		)	7,057
Less — Accumulated provision for depreciation	52		1,920		4,144		(187		)	5,929
	68		604		559		(103		)	1,128
Construction work in progress	2		67		358		—			427
	70		671		917		(103		)	1,555
INVESTMENTS:
Nuclear plant decommissioning trusts	—		—		1,552		—			1,552
Investment in affiliated companies	2,923		—		—		(2,923		)	—
Other	—		9		1		—			10
	2,923		9		1,553		(2,923		)	1,562
DEFERRED CHARGES AND OTHER ASSETS:
Accumulated deferred income tax benefits	395		1,271		883		(270		)	2,279
Property taxes	—		12		28		—			40
Derivatives	77		—		—		—			77
Other	33		327		—		21			381
	505		1,610		911		(249		)	2,777
	$	4,938	$	4,360	$	5,181	$	(7,238	)	$	7,241
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt	$	—	$	200	$	5	$	(26	)	$	179
Short-term borrowings - affiliated companies	2,969		483		—		(3,351		)	101
Accounts payable-
Affiliated companies	743		107		406		(706		)	550
Other	17		93		—		—			110
Accrued taxes	50		48		61		(16		)	143
Derivatives	71		6		—		—			77
Other	56		54		10		36			156
	3,906		991		482		(4,063		)	1,316
CAPITALIZATION:
Total equity	218		828		2,006		(2,834		)	218
Long-term debt and other long-term obligations	691		2,093		1,120		(1,091		)	2,813
	909		2,921		3,126		(3,925		)	3,031
NONCURRENT LIABILITIES:
Deferred gain on sale and leaseback transaction	—		—		—		757			757
Retirement benefits	25		172		—		—			197
Asset retirement obligations	—		188		713		—			901
Other	98		88		860		(7		)	1,039
	123		448		1,573		750			2,894
	$	4,938	$	4,360	$	5,181	$	(7,238	)	$	7,241

Condensed Consolidating Statements of Cash Flows

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year Ended December 31, 2017	FES			FG			NG			Eliminations			Consolidated
	(In millions)
NET CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES	$	(485	)	$	516		$	722		$	(26	)	$	727
CASH FLOWS FROM FINANCING ACTIVITIES:
New Financing-
Short-term borrowings, net	356			(81		)	—			(271		)	4
Redemptions and Repayments-
Long-term debt	—			(184		)	(5		)	26			(163		)
Other	(1		)	(6		)	—			—			(7		)
Net cash provided from (used for) financing activities	355			(271		)	(5		)	(245		)	(166		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Property additions	(2		)	(88		)	(185		)	—			(275		)
Nuclear fuel	—			—			(254		)	—			(254		)
Sales of investment securities held in trusts	—			—			940			—			940
Purchases of investment securities held in trusts	—			—			(999		)	—			(999		)
Cash Investments	(3		)	—			—			—			(3		)
Loans to affiliated companies, net	135			(158		)	(219		)	271			29
Net cash provided from (used for) investing activities	130			(246		)	(717		)	271			(562		)
Net change in cash and cash equivalents	—			(1		)	—			—			(1		)
Cash and cash equivalents at beginning of period	—			2			—			—			2
Cash and cash equivalents at end of period	$	—		$	1		$	—		$	—		$	1

FIRSTENERGY SOLUTIONS CORP.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year Ended December 31, 2016	FES			FG			NG			Eliminations			Consolidated
	(In millions)
NET CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES	$	(842	)	$	550		$	1,103		$	(25	)	$	786
CASH FLOWS FROM FINANCING ACTIVITIES:
New Financing-
Long-term debt	—			186			285			—			471
Short-term borrowings, net	948			94			—			(941		)	101
Redemptions and Repayments-
Long-term debt	—			(224		)	(308		)	25			(507		)
Other	—			(7		)	(2		)	—			(9		)
Net cash provided from (used for) financing activities	948			49			(25		)	(916		)	56
CASH FLOWS FROM INVESTING ACTIVITIES:
Property additions	(30		)	(224		)	(292		)	—			(546		)
Nuclear fuel	—			—			(232		)	—			(232		)
Proceeds from asset sales	9			—			—			—			9
Sales of investment securities held in trusts	—			—			717			—			717
Purchases of investment securities held in trusts	—			—			(783		)	—			(783		)
Cash investments	10			—			—			—			10
Loans to affiliated companies, net	(95		)	(376		)	(488		)	941			(18		)
Other	—			1			—			—			1
Net cash used for investing activities	(106		)	(599		)	(1,078		)	941			(842		)
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

For the Year Ended December 31, 2015	FES			FG			NG			Eliminations			Consolidated
	(In millions)
NET CASH PROVIDED FROM (USED FOR) OPERATING ACTIVITIES	$	(637	)	$	552		$	1,261		$	(24	)	$	1,152
CASH FLOWS FROM FINANCING ACTIVITIES:
New Financing-
Long-term debt	—			45			296			—			341
Short-term borrowings, net	796			67			—			(863		)	—
Redemptions and Repayments-
Long-term debt	(17		)	(70		)	(348		)	24			(411		)
Short-term borrowings, net	—			—			(28		)	(98		)	(126		)
Common stock dividend payment	(70		)	—			—			—			(70		)
Other	—			(6		)	(1		)	—			(7		)
Net cash provided from (used for) financing activities	709			36			(81		)	(937		)	(273		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Property additions	(5		)	(223		)	(399		)	—			(627		)
Nuclear fuel	—			—			(190		)	—			(190		)
Proceeds from asset sales	10			3			—			—			13
Sales of investment securities held in trusts	—			—			733			—			733
Purchases of investment securities held in trusts	—			—			(791		)	—			(791		)
Cash investments	(10		)	—			—			—			(10		)
Loans to affiliated companies, net	(67		)	(372		)	(533		)	961			(11		)
Other	—			4			—			—			4
Net cash used for investing activities	(72		)	(588		)	(1,180		)	961			(879		)
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