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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
FE and its subsidiaries are principally involved in the transmission, distribution and generation of electricity through its reportable segments, Regulated Distribution and Regulated Transmission.

The Regulated Distribution segment distributes electricity through FirstEnergy’s ten utility operating companies, serving approximately six million customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York, and purchases power for its POLR, SOS, SSO and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland. This segment also controls 3,790 MWs of regulated electric generation capacity located primarily in West Virginia, Virginia and New Jersey, of which, 210 MWs are related to the Yards Creek generating station that is being sold pursuant to an asset purchase agreement as further discussed below. The segment's results reflect the costs of securing and delivering electric generation from transmission facilities to customers, including the deferral and amortization of certain related costs. Included within the segment is $882 million of assets classified as held for sale as of December 31, 2019 associated with the asset purchase and sale agreements with TMI-2 Solutions to transfer TMI-2 to TMI-2 Solutions, LLC. With the receipt of all required regulatory approvals, the transaction was consummated on December 18, 2020. As a result, during the fourth quarter of 2020 FirstEnergy recognized an after tax-gain of approximately $33 million, primarily associated with the write-off of a tax related regulatory liability. See Note 15, "Commitments, Guarantees and Contingencies" for additional information. Also included within
the segment is $45 million of assets classified as held for sale as of December 31, 2020 associated with the asset purchase agreement with Yards Creek Energy, LLC to transfer JCP&L's 50% interest in the Yards Creek pumped-storage hydro generation station (210 MWs). See Note 14, "Regulatory Matters" for additional information.

The Regulated Transmission segment provides transmission infrastructure owned and operated by the Transmission Companies and certain of FirstEnergy's utilities (JCP&L, MP, PE and WP) to transmit electricity from generation sources to distribution facilities. The segment's revenues are primarily derived from forward-looking formula rates at the Transmission Companies as well as stated transmission rates at MP, PE and WP; although as explained in Note 14, "Regulatory Matters", effective January 1, 2021, subject to refund, MP's, PE's and WP's existing stated rates became forward-looking formula rates. JCP&L previously had stated transmission rates, however, effective January 1, 2020, JCP&L implemented forward-looking formula rates, subject to refund, pending further hearing and settlement proceedings. Both forward-looking formula and stated rates recover costs that FERC determines are permitted to be recovered and provide a return on transmission capital investment. Under forward-looking formula rates, the revenue requirement is updated annually based on a projected rate base and projected costs, which is subject to an annual true-up based on actual costs. Revenue requirements under stated rates are calculated annually by multiplying the highest one-hour peak load in each respective transmission zone by the approved, stated rate in that zone. The segment's results also reflect the net transmission expenses related to the delivery of electricity on FirstEnergy's transmission facilities.

Corporate/Other reflects corporate support costs not charged to FE's subsidiaries, including FE's retained Pension and OPEB assets and liabilities of the FES Debtors, interest expense on FE’s holding company debt and other businesses that do not constitute an operating segment. Reconciling adjustments for the elimination of inter-segment transactions and discontinued operations are shown separately in the following table of Segment Financial Information. As of December 31, 2020, 67 MWs of electric generating capacity, representing AE Supply's OVEC capacity entitlement, was included in continuing operations of Corporate/Other. As of December 31, 2020, Corporate/Other had approximately $8.2 billion of FE holding company debt.
Financial information for each of FirstEnergy’s reportable segments is presented in the tables below:
Segment Financial Information
For the Years EndedRegulated DistributionRegulated TransmissionCorporate/ OtherReconciling AdjustmentsFirstEnergy Consolidated
 (In millions)
December 31, 2020
External revenues$9,168 $1,613 $9 $— $10,790 
Internal revenues195 17 — (212)— 
Total revenues9,363 1,630 9 (212)10,790 
Provision for depreciation896 313 4 61 1,274 
Amortization (deferral) of regulatory assets, net(64)11 — — (53)
Miscellaneous income (expense), net332 30 83 (13)432 
Interest expense501 219 358 (13)1,065 
Income taxes (benefits)113 138 (125)— 126 
Income (loss) from continuing operations959 464 (420)— 1,003 
Property additions$1,514 $1,067 $76 $— $2,657 
December 31, 2019
External revenues$9,511 $1,510 $14 $— $11,035 
Internal revenues187 16 — (203)— 
Total revenues9,698 1,526 14 (203)11,035 
Provision for depreciation863 284 5 68 1,220 
Amortization (deferral) of regulatory assets, net(89)10 — — (79)
Miscellaneous income (expense), net174 15 80 (26)243 
Interest expense495 192 372 (26)1,033 
Income taxes (benefits)271 113 (171)— 213 
Income (loss) from continuing operations1,076 447 (619)— 904 
Property additions$1,473 $1,090 $102 $— $2,665 
December 31, 2018
External revenues$9,900 $1,335 $26 $— $11,261 
Internal revenues203 18 8 (229)— 
Total revenues10,103 1,353 34 (229)11,261 
Provision for depreciation812 252 3 69 1,136 
Amortization (deferral) of regulatory assets, net(163)13 — — (150)
Miscellaneous income (expense), net192 14 32 (33)205 
Interest expense514 167 468 (33)1,116 
Income taxes422 122 (54)— 490 
Income (loss) from continuing operations1,242 397 (617)— 1,022 
Property additions$1,411 $1,104 $133 $27 $2,675 
As of December 31, 2020
Total assets$30,855 $12,592 $1,017 $— $44,464 
Total goodwill$5,004 $614 $— $— $5,618 
As of December 31, 2019
Total assets$29,642 $11,611 $1,015 $33 $42,301 
Total goodwill$5,004 $614 $— $— $5,618