XML 60 R61.htm IDEA: XBRL DOCUMENT v2.4.0.6
Asset Retirement Obligations (Tables)
 12 Months Ended
Dec. 31, 2012
Asset Retirement Obligations (Tables) [Abstract]  
Fair values of the decommissioning trust assets
The fair values of the decommissioning trust assets as of December 31, 2012 and 2011 were as follows:
 
 
2012
 
2011
 
 
(In millions)
FirstEnergy
 
$
2,204

 
$
2,112

FES
 
1,283

 
1,223

OE
 
141

 
137

JCP&L
 
201

 
193
Changes to the asset retirement obligations
The following table summarizes the changes to the ARO balances during 2012 and 2011.
ARO Reconciliation
 
FirstEnergy
 
FES
 
OE
 
JCP&L
 
 
(In millions)
Balance, January 1, 2011
 
$
1,407

 
$
892

 
$
74

 
$
108

Liabilities assumed in Allegheny merger
 
60

 
—

 
—

 
—

Liabilities settled(1)
 
(15
)
 
(1
)
 
(2
)
 
—

Accretion
 
97

 
59

 
5

 
7

Revisions in estimated cash flows(2)
 
(52
)
 
(46
)
 
(6
)
 
—

Balance, December 31, 2011
 
1,497

 
904

 
71

 
115

Liabilities settled
 
(2
)
 
(1
)
 
—

 
—

Accretion
 
104

 
62

 
5

 
8

Balance, December 31, 2012
 
$
1,599

 
$
965

 
$
76

 
$
123

(1) 
Includes approximately $10 million in reduced ARO liabilities for FirstEnergy as a result of deconsolidation of the Signal Peak joint venture (See Note 7, Variable Interest Entities).
(2) 
During 2011, studies were completed to reassess the estimated cost of decommissioning the Perry and Davis-Besse nuclear generating facilities. The cost studies resulted in revisions to the estimated cash flows associated with the ARO liabilities and reduced the discounted liabilities as shown.