Capitalization (Tables)

12 Months Ended

Dec. 31, 2012

Capitalization, Long-term Debt and Equity [Abstract]

Preferred stock and preference stock authorizations

FirstEnergy and the Utilities were authorized to issue preferred stock and preference stock as of December 31, 2012, as follows:

	Preferred Stock			Preference Stock
	Shares Authorized	Par Value		Shares Authorized	Par Value
FirstEnergy	5,000,000	$	100
OE	6,000,000	$	100	8,000,000	no par
OE	8,000,000	$	25
Penn	1,200,000	$	100
CEI	4,000,000	no par		3,000,000	no par
TE	3,000,000	$	100	5,000,000	$	25
TE	12,000,000	$	25
JCP&L	15,600,000	no par
ME	10,000,000	no par
PN	11,435,000	no par
MP	940,000	$	100
PE	10,000,000	$	0.01
WP	32,000,000	no par

Outstanding consolidated long-term debt and other long-term obligations

The following tables present outstanding long-term debt and capital lease obligations for FirstEnergy, FES, OE and JCP&L as of December 31, 2012 and 2011:

	As of December 31, 2012		As of December 31,
(Dollar amounts in millions)	Maturity Date	Interest Rate	2012			2011
FirstEnergy:
FMBs	2013 - 2038	3.340% - 9.740%	$	2,587		$	2,487
Secured notes - fixed rate	2013 - 2037	4.982% - 7.880%	2,113			2,725
Secured notes - variable rate	2013	0.140%	50			50
Total secured notes			2,163			2,775
Unsecured notes - fixed rate	2013 - 2039	2.150% - 7.700%	11,145			10,961
Unsecured notes - variable rate	2013	0.100% - 2.815%	959			782
Total unsecured notes			12,104			11,743
Capital lease obligations			176			108
Unamortized debt premiums			45			64
Unamortized merger fair value adjustments			103			160
Currently payable long-term debt			(1,999		)	(1,621		)
Total long-term debt and other long-term obligations			$	15,179		$	15,716
FES:
Secured notes - fixed rate	2013 - 2018	5.150% - 12.000%	$	689		$	899
Secured notes - variable rate	2013	0.140%	50			50
Total secured notes			739			949
Unsecured notes - fixed rate	2013 - 2039	2.150% - 6.800%	2,769			2,218
Unsecured notes - variable rate	2013	0.130% - 0.160%	686			508
Total unsecured notes			3,455			2,726
Capital lease obligations			27			31
Unamortized debt discounts			(1		)	(2		)
Currently payable long-term debt			(1,102		)	(905		)
Total long-term debt and other long-term obligations			$	3,118		$	2,799
OE:
FMBs	2018 - 2038	6.090% - 9.740%	$	407		$	407
Unsecured notes - fixed rate	2015 - 2036	5.450% - 6.875%	750			750
Capital lease obligations			29			11
Unamortized debt discounts			(10		)	(11		)
Currently payable long-term debt			(4		)	(2		)
Total long-term debt and other long-term obligations			$	1,172		$	1,155
JCP&L:
Secured notes - fixed rate	2013 - 2021	5.410% - 6.160%	$	243		$	277
Unsecured notes - fixed rate	2016 - 2037	4.800% - 7.350%	1,500			1,500
Unamortized debt discounts			(6		)	(7		)
Currently payable long-term debt			(36		)	(34		)
Total long-term debt			$	1,701		$	1,736

Sinking fund requirements for FMBs and maturing long-term debt (excluding capital leases and variable rate PCRBs) for the next five years

The following table presents scheduled debt repayments for outstanding long-term debt, excluding capital leases, fair value purchase accounting adjustments and unamortized debt discounts and premiums, for the next five years as of December 31, 2012. PCRBs that can be tendered for mandatory purchase prior to maturity are reflected in 2013.

Year	FirstEnergy		FES		OE		JCP&L
	(In millions)
2013	$	1,970	$	1,097	$	1	$	36
2014	1,026		186		1		38
2015	1,639		815		151		41
2016	1,267		422		251		343
2017	1,736		162		1		279

Outstanding PCRBs for the next three years

The following table classifies the outstanding variable rate put PCRBs and variable rate PCRBs by year, excluding unamortized debt discounts and premiums, for the next five years based on the next date on which the debt holders may exercise their right to tender their PCRBs. OE and JCP&L did not have any outstanding PCRBs as of December 31, 2012.

Year	FirstEnergy		FES
	(In millions)
2013	$	1,044	$	970
2014	26		26
2015	313		313
2016	391		391
2017	130		130

Amounts and percentages of LOCs and Insurance Policies for FirstEnergy, FES and Utilities

The amounts and annual fees for PCRB-related LOCs for FirstEnergy and FES as of December 31, 2012, are as follows:

	Aggregate LOC Amount		Annual Fees
	(In millions)
FirstEnergy	$	818	1.65% to 3.30%
FES	744		1.65% to 3.30%