Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2018

The following table summarizes the key terms of rate orders in effect for transmission customer billings for FirstEnergy's transmission owner entities:



Company	Rates Effective	Capital Structure	Allowed ROE
ATSI	January 1, 2015	Actual (13 month average)	10.38%
JCP&L	June 1, 2017	Settled⁽¹⁾	Settled⁽¹⁾
MP	March 21, 2018⁽²⁾	Settled⁽¹⁾	Settled⁽¹⁾
PE	March 21, 2018⁽²⁾	Settled⁽¹⁾	Settled⁽¹⁾
WP	March 21, 2018⁽²⁾	Settled⁽¹⁾	Settled⁽¹⁾
MAIT	July 1, 2017	50% / 50% (hypothetical)⁽³⁾	10.3%
TrAIL	July 1, 2008	Actual (year-end)	12.7% (TrAIL the Line & Black Oak SVC) 11.7% (All other projects)

⁽¹⁾ FERC-approved settlement agreements did not specify.

⁽²⁾See FERC Actions on Tax Act below.

⁽³⁾ Effective January 2019, converts to lower of actual (13 month average) or 60%.

The following table summarizes the key terms of distribution rate orders in effect for the Utilities.



Company	Rates Effective	Allowed Debt/Equity	Allowed ROE
CEI	May 2009	51% / 49%	10.5%
ME⁽¹⁾	January 2017	48.8% / 51.2%	Settled⁽²⁾
MP	February 2015	54% / 46%	Settled⁽²⁾
JCP&L	January 2017	55% / 45%	9.6%
OE	January 2009	51% / 49%	10.5%
PE-West Virginia	February 2015	54% / 46%	Settled⁽²⁾
PE-Maryland	November 1994	48% / 52%	11.9%
PN⁽¹⁾	January 2017	47.4% / 52.6%	Settled⁽²⁾
Penn⁽¹⁾	January 2017	49.9% / 50.1%	Settled⁽²⁾
TE	January 2009	51% / 49%	10.5%
WP⁽¹⁾	January 2017	49.7% / 50.3%	Settled⁽²⁾

⁽¹⁾ Reflects filed debt/equity as final settlement/orders do not specifically include capital structure.

⁽²⁾Commission-approved settlement agreements did not disclose ROE rates.