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Leases (Tables)
12 Months Ended
Dec. 31, 2011
Leases (Tables) [Abstract]  
Rentals for capital and operating leases
Rentals for capital and operating leases for 2011, 2010 and 2009, are summarized as follows:
 
 
FirstEnergy
 
FES
 
OE
 
CEI
 
TE
 
JCP&L
 
Met-Ed
 
Penelec
 
 
(In millions)
2011
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating leases
 
$
226

 
$
197

 
$
147

 
$
4

 
$
64

 
$
8

 
$
4

 
$
4

Capital leases
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest element
 
6

 
1

 

 
1

 

 

 

 

Other(1)
 
46

 
34

 

 

 

 

 

 

Total rentals
 
$
278

 
$
232

 
$
147

 
$
5

 
$
64

 
$
8

 
$
4

 
$
4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating leases
 
$
228

 
$
202

 
$
147

 
$
4

 
$
64

 
$
9

 
$
7

 
$
4

Capital leases
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest element
 
2

 
1

 

 
1

 

 

 

 

Other(1)
 
35

 
34

 

 

 

 

 
1

 

Total rentals
 
$
265

 
$
237

 
$
147

 
$
5

 
$
64

 
$
9

 
$
8

 
$
4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2009
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating leases
 
$
236

 
$
202

 
$
146

 
$
4

 
$
64

 
$
9

 
$
7

 
$
4

Capital leases
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest element
 
1

 
2

 
1

 
1

 

 

 

 

Other(1)
 
16

 
18

 

 

 

 

 

 

Total rentals
 
$
253

 
$
222

 
$
147

 
$
5

 
$
64

 
$
9

 
$
7

 
$
4

(1) 
FirstEnergy and FES include $29 million, $30 million and $16 million, in 2011, 2010 and 2009, respectively, for wind purchased power agreements classified as capital leases.
Future minimum capital lease payments
The future minimum capital lease payments as of December 31, 2011 are as follows (TE and JCP&L have no material capital leases):
Capital leases
 
FirstEnergy
 
FES
 
OE
 
CEI
Met-Ed
 
Penelec
 
 
(In millions)
 
 
 
 
 
 
 
 
 
2012
 
$
25

 
$
6

 
$
2

 
$
2

$
1

 
$
1

2013
 
24

 
6

 
2

 
2

1

 
1

2014
 
22

 
6

 
2

 
2

1

 
1

2015
 
20

 
6

 
2

 
2

1

 
1

2016
 
17

 
6

 
2

 
2


 

Years thereafter
 
27

 
5

 
3

 
2


 

Total minimum lease payments
 
135

 
35

 
13

 
12

4

 
4

Executory costs
 

 

 

 


 

Net minimum lease payments
 
135

 
35

 
13

 
12

4

 
4

Interest portion
 
(27
)
 
(4
)
 
(2
)
 
(4
)

 

Present value of net minimum lease payments
 
108

 
31

 
11

 
8

4

 
4

Less current portion
 
23

 
5

 
1

 
1


 

Noncurrent portion
 
$
85

 
$
26

 
$
10

 
$
7

$
4

 
$
4

Future minimum operating lease payments
FirstEnergy's future minimum consolidated operating lease payments as of December 31, 2011, are as follows:
 
 
FirstEnergy
Operating Leases
 
Lease Payments
 
Capital Trust(1)
 
Net
 
 
(In millions)
2012
 
$
383

 
$
125

 
$
258

2013
 
382

 
130

 
252

2014
 
371

 
131

 
240

2015
 
373

 
90

 
283

2016
 
344

 
29

 
315

Years thereafter
 
1,803

 
4

 
1,799

Total minimum lease payments
 
$
3,656

 
$
509

 
$
3,147

(1) 
PNBV and Shippingport purchased a portion of the lease obligation bonds associated with certain sale and leaseback transactions. These arrangements effectively reduce lease costs related to those transactions.
Operating Leases
 
FES
 
OE(1)
 
CEI
 
TE(1)
 
JCP&L
 
Met-Ed
 
Penelec
 
 
(In millions)
2012
 
$
237

 
$
147

 
$
4

 
$
64

 
$
7

 
$
4

 
$
3

2013
 
241

 
146

 
3

 
64

 
7

 
4

 
3

2014
 
236

 
145

 
3

 
64

 
6

 
3

 
2

2015
 
239

 
145

 
2

 
64

 
5

 
4

 
2

2016
 
230

 
117

 
3

 
64

 
5

 
3

 
2

Years thereafter
 
1,662

 
49

 
4

 
14

 
48

 
37

 
12

Total minimum lease payments
 
$
2,845

 
$
749

 
$
19

 
$
334

 
$
78

 
$
55

 
$
24

(1) 
Includes certain minimum lease payments associated with NGC's lessor equity interests in Perry and Beaver Valley Unit 2 that are eliminated in consolidation.