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Consolidated Statements of Income (FirstEnergy Corp.) (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES:      
Electric utilities $ 9,637 $ 10,400 $ 9,820
Unregulated businesses 5,666 5,747 3,519
Total revenues 15,303 [1] 16,147 [1] 13,339 [1]
OPERATING EXPENSES:      
Fuel 2,471 2,317 1,432
Purchased power 4,237 4,875 4,624
Other operating expenses 3,769 3,964 2,714
Pensions and OPEB mark-to-market adjustment 609 507 190
Provision for depreciation 1,124 1,066 750
Deferral of storm costs (375) (145) (14)
Amortization of regulatory assets, net 307 474 736
General taxes 985 978 776
Impairment of long-lived assets 0 413 388
Total operating expenses 13,127 14,449 11,596
OPERATING INCOME (LOSS) 2,176 1,698 1,743
Gain on partial sale of Signal Peak 0 569 0
OTHER INCOME (EXPENSE):      
Investment income 77 114 117
Interest expense (1,001) (1,008) (845)
Capitalized interest 72 70 165
Total other income (expense) (852) (255) (563)
INCOME BEFORE INCOME TAXES 1,324 1,443 1,180
INCOME TAXES (BENEFITS) 553 574 462
NET INCOME 771 869 718
Income (loss) attributable to noncontrolling interest 1 (16) (24)
EARNINGS AVAILABLE TO FIRSTENERGY CORP. $ 770 $ 885 $ 742
EARNINGS PER SHARE OF COMMON STOCK:      
Basic, in dollars per share $ 1.85 $ 2.22 $ 2.44
Diluted, in dollars per share $ 1.84 $ 2.21 $ 2.42
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:      
Basic, in shares 418 399 304
Diluted, in shares 419 401 305
[1] Includes excise tax collections of $455 million, $486 million and $428 million in 2012, 2011 and 2010, respectively.