Commitments, Guarantees and Contingencies (Tables)

3 Months Ended

Mar. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

As of March 31, 2012, FirstEnergy’s exposure to additional credit contingent contractual obligations was $671 million, as shown below:



Collateral Provisions	FES		AE Supply		Utilities		Total
	(In millions)
Credit rating downgrade to below investment grade ⁽¹⁾	$	439	$	8	$	59	$	506
Material adverse event ⁽²⁾	91		60		14		165
Total	$	530	$	68	$	73	$	671


⁽¹⁾	Includes $222 million and $40 million that are also considered accelerations of payment or funding obligations for FES and the Utilities, respectively.


⁽²⁾	Includes $42 million that is also considered an acceleration of payment or funding obligation for FES.

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References+ Details