Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Financial information for each of FirstEnergy’s reportable segments is presented in the tables below:

Segment Financial Information


For the Three Months Ended	Regulated Distribution		Regulated Transmission		Corporate/ Other		Reconciling Adjustments		FirstEnergy Consolidated
	(In millions)

September 30, 2021
External revenues	$	2,708	$	411	$	5	$	—	$	3,124
Internal revenues	51		4		—		(55)		—
Total revenues	$	2,759	$	415	$	5	$	(55)	$	3,124
Depreciation	229		82		(1)		16		326
Amortization of regulatory assets, net	29		1		—		—		30


Miscellaneous income (expense), net	102		12		23		(1)		136

Interest expense	133		62		89		(1)		283
Income taxes (benefits)	108		23		(43)		—		88
Income (loss) from continuing operations	416		70		(70)		—		416
Property additions	$	326	$	202	$	14	$	—	$	542



September 30, 2020
External revenues	$	2,611	$	408	$	3	$	—	$	3,022
Internal revenues	50		5		—		(55)		—
Total revenues	$	2,661	$	413	$	3	$	(55)	$	3,022
Depreciation	223		79		—		14		316
Deferral of regulatory assets, net	(91)		—		—		—		(91)


Miscellaneous income (expense), net	81		7		13		(1)		100
Interest expense	124		55		88		(1)		266
Income taxes (benefits)	109		35		(28)		—		116
Income (loss) from continuing operations	413		115		(68)		—		460
Property additions	$	391	$	278	$	18	$	—	$	687



For the Nine Months Ended

September 30, 2021
External revenues	$	7,237	$	1,223	$	12	$	—	$	8,472
Internal revenues	150		10		—		(160)		—
Total revenues	$	7,387	$	1,233	$	12	$	(160)	$	8,472
Depreciation	684		240		1		47		972
Amortization of regulatory assets, net	159		12		—		—		171
DPA penalty	—		—		230		—		230

Miscellaneous income (expense), net	297		34		59		(11)		379

Interest expense	392		186		288		(11)		855
Income taxes (benefits)	261		93		(83)		—		271
Income (loss) from continuing operations	1,003		295		(489)		—		809
Property additions	$	993	$	732	$	43	$	—	$	1,768



September 30, 2020
External revenues	$	7,062	$	1,185	$	6	$	—	$	8,253
Internal revenues	145		13		—		(158)		—
Total revenues	$	7,207	$	1,198	$	6	$	(158)	$	8,253
Depreciation	672		233		2		47		954
Amortization (deferral) of regulatory assets, net	(32)		6		—		—		(26)


Miscellaneous income (expense), net	246		21		45		(9)		303
Interest expense	374		162		265		(9)		792
Income taxes (benefits)	144		103		(125)		—		122
Income (loss) from continuing operations	800		346		(355)		—		791
Property additions	$	1,115	$	817	$	47	$	—	$	1,979



As of September 30, 2021
Total assets	$	30,546	$	12,660	$	648	$	—	$	43,854
Total goodwill	$	5,004	$	614	$	—	$	—	$	5,618

As of December 31, 2020
Total assets	$	30,855	$	12,592	$	1,017	$	—	$	44,464
Total goodwill	$	5,004	$	614	$	—	$	—	$	5,618