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Intangible Assets
 12 Months Ended
Dec. 31, 2011
Finite-Lived Intangible Assets [Abstract]  
INTANGIBLE ASSETS
INTANGIBLE ASSETS
As of December 31, 2011, intangible assets classified in Other Deferred Charges on FirstEnergy’s Consolidated Balance Sheet, including those recorded in connection with the Allegheny merger, include the following:
 
 
Intangible Assets
 
Amortization expense
 
 
 
 
 
 
 
 
Actual
 
Estimated
(In millions)
 
Gross
 
Accumulated Amortization
 
Net
 
2011
 
2012
 
2013
 
2014
 
2015
 
2016
 
Thereafter
NUG contracts(1)(2)
 
$
124

 
$
4

 
$
120

 
$
4

 
$
5

 
$
5

 
$
5

 
$
5

 
$
5

 
$
95

OVEC(1)
 
54

 
1

 
53

 
1

 
2

 
2

 
2

 
2

 
2

 
43

Coal contracts(1)(3)
 
516

 
74

 
442

 
56

 
55

 
53

 
52

 
45

 
45

 
108

FES customer contracts
 
144

 
21

 
123

 
12

 
14

 
16

 
17

 
17

 
17

 
42

Energy contracts(1)
 
136

 
71

 
65

 
71

 
50

 
14

 
1

 
—

 
—

 
—

 
 
$
974

 
$
171

 
$
803

 
$
144

 
$
126

 
$
90

 
$
77

 
$
69

 
$
69

 
$
288

(1) 
Fair value measurements of intangible assets recorded in connection with the Allegheny merger (see Note 2, Merger)
(2) 
NUG contracts are subject to regulatory accounting and their amortization does not impact earnings.
(3) 
A gross amount of $102 million of the coal contracts was recorded with a regulatory offset and the amortization does not impact earnings. $18 million and $84 million are related to the accumulated amortization and net amounts, respectively.

FES acquired certain customer contract rights which were capitalized as intangible assets. These rights allow FES to supply electric generation to customers, and the recorded value is being amortized ratably over the term of the related contracts