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Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
NET INCOME $ 171,000 $ 256,000 $ 216,000 $ 405,000
OTHER COMPREHENSIVE INCOME:        
Pension and other postretirement benefits 111,000 17,000 130,000 30,000
Unrealized gain on derivative hedges 17,000 6,000 11,000 10,000
Change in unrealized gain on available-for-sale securities 10,000 6,000 19,000 12,000
Other comprehensive income 138,000 29,000 160,000 52,000
Income tax expense (benefit) related to other comprehensive income 53,000 9,000 54,000 16,000
Other comprehensive income, net of tax 85,000 20,000 106,000 36,000
COMPREHENSIVE INCOME 256,000 276,000 322,000 441,000
COMPREHENSIVE INCOME/LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST (10,000) (9,000) (15,000) (15,000)
COMPREHENSIVE INCOME AVAILABLE TO FIRSTENERGY CORP. 266,000 285,000 337,000 456,000
FES
       
NET INCOME 20,000 134,000 56,000 214,000
OTHER COMPREHENSIVE INCOME:        
Pension and other postretirement benefits 1,000 1,000 3,000 (9,000)
Unrealized gain on derivative hedges 14,000 3,000 5,000 4,000
Change in unrealized gain on available-for-sale securities 8,000 6,000 15,000 11,000
Other comprehensive income 23,000 10,000 23,000 6,000
Income tax expense (benefit) related to other comprehensive income 10,000 4,000 8,000 2,000
Other comprehensive income, net of tax 13,000 6,000 15,000 4,000
COMPREHENSIVE INCOME 33,000 140,000 71,000 218,000
OE
       
NET INCOME 38,625 37,323 68,765 73,484
OTHER COMPREHENSIVE INCOME:        
Pension and other postretirement benefits 1,122 322 1,461 4,337
Change in unrealized gain on available-for-sale securities 1,591 520 1,569 811
Other comprehensive income 2,713 842 3,030 5,148
Income tax expense (benefit) related to other comprehensive income 386 (26) (1,110) 667
Other comprehensive income, net of tax 2,327 868 4,140 4,481
COMPREHENSIVE INCOME 40,952 38,191 72,905 77,965
COMPREHENSIVE INCOME/LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 114 130 230 262
COMPREHENSIVE INCOME AVAILABLE TO FIRSTENERGY CORP. 40,838 38,061 72,675 77,703
CEI
       
NET INCOME 21,849 21,922 35,050 35,918
OTHER COMPREHENSIVE INCOME:        
Pension and other postretirement benefits 2,975 3,228 5,942 (19,357)
Income tax expense (benefit) related to other comprehensive income 860 976 398 (7,301)
Other comprehensive income, net of tax 2,115 2,252 5,544 (12,056)
COMPREHENSIVE INCOME 23,964 24,174 40,594 23,862
COMPREHENSIVE INCOME/LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 309 366 675 785
COMPREHENSIVE INCOME AVAILABLE TO FIRSTENERGY CORP. 23,655 23,808 39,919 23,077
TE
       
NET INCOME 11,561 7,216 17,408 14,725
OTHER COMPREHENSIVE INCOME:        
Pension and other postretirement benefits 575 714 1,167 1,010
Change in unrealized gain on available-for-sale securities 754 (330) 2,059 39
Other comprehensive income 1,329 384 3,226 1,049
Income tax expense (benefit) related to other comprehensive income 351 65 685 235
Other comprehensive income, net of tax 978 319 2,541 814
COMPREHENSIVE INCOME 12,539 7,535 19,949 15,539
COMPREHENSIVE INCOME/LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 2 2 4 5
COMPREHENSIVE INCOME AVAILABLE TO FIRSTENERGY CORP. 12,537 7,533 19,945 15,534
JCP&L
       
NET INCOME 41,761 49,893 61,314 79,119
OTHER COMPREHENSIVE INCOME:        
Pension and other postretirement benefits 4,290 4,135 8,511 20,063
Unrealized gain on derivative hedges 69 69 138 138
Other comprehensive income 4,359 4,204 8,649 20,201
Income tax expense (benefit) related to other comprehensive income 1,612 1,441 3,202 7,999
Other comprehensive income, net of tax 2,747 2,763 5,447 12,202
COMPREHENSIVE INCOME 44,508 52,656 66,761 91,321
Met-Ed
       
NET INCOME 16,778 17,109 39,365 29,424
OTHER COMPREHENSIVE INCOME:        
Pension and other postretirement benefits 2,227 2,162 4,190 11,871
Unrealized gain on derivative hedges 84 84 168 168
Other comprehensive income 2,311 2,246 4,358 12,039
Income tax expense (benefit) related to other comprehensive income 869 724 1,632 4,901
Other comprehensive income, net of tax 1,442 1,522 2,726 7,138
COMPREHENSIVE INCOME 18,220 18,631 42,091 36,562
Penelec
       
NET INCOME 14,718 12,974 32,024 30,273
OTHER COMPREHENSIVE INCOME:        
Pension and other postretirement benefits 1,890 1,830 3,475 10,377
Unrealized gain on derivative hedges 17 16 33 32
Other comprehensive income 1,907 1,846 3,508 10,409
Income tax expense (benefit) related to other comprehensive income 678 483 1,233 3,767
Other comprehensive income, net of tax 1,229 1,363 2,275 6,642
COMPREHENSIVE INCOME $ 15,947 $ 14,337 $ 34,299 $ 36,915