XML 25 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements (Details) (Recurring, USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Assets    
Fair value, assets $ 2,908 $ 2,863
Liabilities    
Fair value, liabilities (630) (619)
Net assets (liabilities) 2,278 [1] 2,244 [1]
FES
   
Assets    
Fair value, assets 1,498 1,530
Liabilities    
Fair value, liabilities (184) (241)
Net assets (liabilities) 1,314 [2] 1,289 [2]
OE
   
Assets    
Fair value, assets 141 [3] 137 [3]
JCP&L
   
Assets    
Fair value, assets 428 414
Liabilities    
Fair value, liabilities (267) (147)
Net assets (liabilities) 161 [4] 267 [4]
Commodity contracts | Derivative Liabilities
   
Liabilities    
Fair value, liabilities (177) (247)
Commodity contracts | Derivative Liabilities | FES
   
Liabilities    
Fair value, liabilities (177) (234)
FTRs | Derivative Liabilities
   
Liabilities    
Fair value, liabilities (11) (23)
FTRs | Derivative Liabilities | FES
   
Liabilities    
Fair value, liabilities (7) (7)
Non Utility Generation contract | Derivative Liabilities
   
Liabilities    
Fair value, liabilities (300) [5] (349) [5]
Non Utility Generation contract | Derivative Liabilities | JCP&L
   
Liabilities    
Fair value, liabilities (125) [6] (147) [6]
LCAPP Contracts | Derivative Liabilities
   
Liabilities    
Fair value, liabilities (142) [5] 0 [5]
LCAPP Contracts | Derivative Liabilities | JCP&L
   
Liabilities    
Fair value, liabilities (142) [6] 0 [6]
Corporate debt securities
   
Assets    
Fair value, assets 1,012 1,544
Corporate debt securities | FES
   
Assets    
Fair value, assets 437 1,010
Corporate debt securities | OE
   
Assets    
Fair value, assets 0 3
Corporate debt securities | JCP&L
   
Assets    
Fair value, assets 139 144
Commodity contracts | Derivative Assets
   
Assets    
Fair value, assets 260 264
Commodity contracts | Derivative Assets | FES
   
Assets    
Fair value, assets 255 248
FTRs | Derivative Assets
   
Assets    
Fair value, assets 7 1
FTRs | Derivative Assets | FES
   
Assets    
Fair value, assets 5 1
Non Utility Generation contract | Derivative Assets
   
Assets    
Fair value, assets 18 [5] 56 [5]
Non Utility Generation contract | Derivative Assets | JCP&L
   
Assets    
Fair value, assets 1 [6] 4 [6]
Equity securities
   
Assets    
Fair value, assets 367 [7] 259 [7]
Equity securities | FES
   
Assets    
Fair value, assets 334 [7] 124 [7]
Equity securities | JCP&L
   
Assets    
Fair value, assets 0 [7] 30 [7]
Foreign government debt securities
   
Assets    
Fair value, assets 60 3
Foreign government debt securities | FES
   
Assets    
Fair value, assets 50 3
Foreign government debt securities | JCP&L
   
Assets    
Fair value, assets 2 0
U.S. government debt securities
   
Assets    
Fair value, assets 184 148
U.S. government debt securities | FES
   
Assets    
Fair value, assets 21 7
U.S. government debt securities | OE
   
Assets    
Fair value, assets 138 132
U.S. government debt securities | JCP&L
   
Assets    
Fair value, assets 8 2
U.S. state debt securities
   
Assets    
Fair value, assets 314 314
U.S. state debt securities | FES
   
Assets    
Fair value, assets 0 5
U.S. state debt securities | JCP&L
   
Assets    
Fair value, assets 230 219
Other
   
Assets    
Fair value, assets 686 [8] 274 [8]
Other | FES
   
Assets    
Fair value, assets 396 [8] 132 [8]
Other | OE
   
Assets    
Fair value, assets 3 [8] 2 [8]
Other | JCP&L
   
Assets    
Fair value, assets 48 [8] 15 [8]
Level 1
   
Assets    
Fair value, assets 494 308
Liabilities    
Fair value, liabilities 0 0
Net assets (liabilities) 494 [1] 308 [1]
Level 1 | FES
   
Assets    
Fair value, assets 337 124
Liabilities    
Fair value, liabilities 0 0
Net assets (liabilities) 337 [2] 124 [2]
Level 1 | OE
   
Assets    
Fair value, assets 0 [3] 0 [3]
Level 1 | JCP&L
   
Assets    
Fair value, assets 0 30
Liabilities    
Fair value, liabilities 0 0
Net assets (liabilities) 0 [4] 30 [4]
Level 1 | Commodity contracts | Derivative Liabilities
   
Liabilities    
Fair value, liabilities 0 0
Level 1 | Commodity contracts | Derivative Liabilities | FES
   
Liabilities    
Fair value, liabilities 0 0
Level 1 | FTRs | Derivative Liabilities
   
Liabilities    
Fair value, liabilities 0 0
Level 1 | FTRs | Derivative Liabilities | FES
   
Liabilities    
Fair value, liabilities 0 0
Level 1 | Non Utility Generation contract | Derivative Liabilities
   
Liabilities    
Fair value, liabilities 0 [5] 0 [5]
Level 1 | Non Utility Generation contract | Derivative Liabilities | JCP&L
   
Liabilities    
Fair value, liabilities 0 [6] 0 [6]
Level 1 | LCAPP Contracts | Derivative Liabilities
   
Liabilities    
Fair value, liabilities 0 [5] 0 [5]
Level 1 | LCAPP Contracts | Derivative Liabilities | JCP&L
   
Liabilities    
Fair value, liabilities 0 [6] 0 [6]
Level 1 | Corporate debt securities
   
Assets    
Fair value, assets 0 0
Level 1 | Corporate debt securities | FES
   
Assets    
Fair value, assets 0 0
Level 1 | Corporate debt securities | OE
   
Assets    
Fair value, assets 0 0
Level 1 | Corporate debt securities | JCP&L
   
Assets    
Fair value, assets 0 0
Level 1 | Commodity contracts | Derivative Assets
   
Assets    
Fair value, assets 3 0
Level 1 | Commodity contracts | Derivative Assets | FES
   
Assets    
Fair value, assets 3 0
Level 1 | FTRs | Derivative Assets
   
Assets    
Fair value, assets 0 0
Level 1 | FTRs | Derivative Assets | FES
   
Assets    
Fair value, assets 0 0
Level 1 | Non Utility Generation contract | Derivative Assets
   
Assets    
Fair value, assets 0 [5] 0 [5]
Level 1 | Non Utility Generation contract | Derivative Assets | JCP&L
   
Assets    
Fair value, assets 0 [6] 0 [6]
Level 1 | Equity securities
   
Assets    
Fair value, assets 367 [7] 259 [7]
Level 1 | Equity securities | FES
   
Assets    
Fair value, assets 334 [7] 124 [7]
Level 1 | Equity securities | JCP&L
   
Assets    
Fair value, assets 0 [7] 30 [7]
Level 1 | Foreign government debt securities
   
Assets    
Fair value, assets 0 0
Level 1 | Foreign government debt securities | FES
   
Assets    
Fair value, assets 0 0
Level 1 | Foreign government debt securities | JCP&L
   
Assets    
Fair value, assets 0 0
Level 1 | U.S. government debt securities
   
Assets    
Fair value, assets 0 0
Level 1 | U.S. government debt securities | FES
   
Assets    
Fair value, assets 0 0
Level 1 | U.S. government debt securities | OE
   
Assets    
Fair value, assets 0 0
Level 1 | U.S. government debt securities | JCP&L
   
Assets    
Fair value, assets 0 0
Level 1 | U.S. state debt securities
   
Assets    
Fair value, assets 0 0
Level 1 | U.S. state debt securities | FES
   
Assets    
Fair value, assets 0 0
Level 1 | U.S. state debt securities | JCP&L
   
Assets    
Fair value, assets 0 0
Level 1 | Other
   
Assets    
Fair value, assets 124 [8] 49 [8]
Level 1 | Other | FES
   
Assets    
Fair value, assets 0 [8] 0 [8]
Level 1 | Other | OE
   
Assets    
Fair value, assets 0 [8] 0 [8]
Level 1 | Other | JCP&L
   
Assets    
Fair value, assets 0 [8] 0 [8]
Level 2
   
Assets    
Fair value, assets 2,389 2,498
Liabilities    
Fair value, liabilities (177) (247)
Net assets (liabilities) 2,212 [1] 2,251 [1]
Level 2 | FES
   
Assets    
Fair value, assets 1,156 1,405
Liabilities    
Fair value, liabilities (177) (234)
Net assets (liabilities) 979 [2] 1,171 [2]
Level 2 | OE
   
Assets    
Fair value, assets 141 [3] 137 [3]
Level 2 | JCP&L
   
Assets    
Fair value, assets 427 380
Liabilities    
Fair value, liabilities 0 0
Net assets (liabilities) 427 [4] 380 [4]
Level 2 | Commodity contracts | Derivative Liabilities
   
Liabilities    
Fair value, liabilities (177) (247)
Level 2 | Commodity contracts | Derivative Liabilities | FES
   
Liabilities    
Fair value, liabilities (177) (234)
Level 2 | FTRs | Derivative Liabilities
   
Liabilities    
Fair value, liabilities 0 0
Level 2 | FTRs | Derivative Liabilities | FES
   
Liabilities    
Fair value, liabilities 0 0
Level 2 | Non Utility Generation contract | Derivative Liabilities
   
Liabilities    
Fair value, liabilities 0 [5] 0 [5]
Level 2 | Non Utility Generation contract | Derivative Liabilities | JCP&L
   
Liabilities    
Fair value, liabilities 0 [6] 0 [6]
Level 2 | LCAPP Contracts | Derivative Liabilities
   
Liabilities    
Fair value, liabilities 0 [5] 0 [5]
Level 2 | LCAPP Contracts | Derivative Liabilities | JCP&L
   
Liabilities    
Fair value, liabilities 0 [6] 0 [6]
Level 2 | Corporate debt securities
   
Assets    
Fair value, assets 1,012 1,544
Level 2 | Corporate debt securities | FES
   
Assets    
Fair value, assets 437 1,010
Level 2 | Corporate debt securities | OE
   
Assets    
Fair value, assets 0 3
Level 2 | Corporate debt securities | JCP&L
   
Assets    
Fair value, assets 139 144
Level 2 | Commodity contracts | Derivative Assets
   
Assets    
Fair value, assets 257 264
Level 2 | Commodity contracts | Derivative Assets | FES
   
Assets    
Fair value, assets 252 248
Level 2 | FTRs | Derivative Assets
   
Assets    
Fair value, assets 0 0
Level 2 | FTRs | Derivative Assets | FES
   
Assets    
Fair value, assets 0 0
Level 2 | Non Utility Generation contract | Derivative Assets
   
Assets    
Fair value, assets 0 [5] 0 [5]
Level 2 | Non Utility Generation contract | Derivative Assets | JCP&L
   
Assets    
Fair value, assets 0 [6] 0 [6]
Level 2 | Equity securities
   
Assets    
Fair value, assets 0 [7] 0 [7]
Level 2 | Equity securities | FES
   
Assets    
Fair value, assets 0 [7] 0 [7]
Level 2 | Equity securities | JCP&L
   
Assets    
Fair value, assets 0 [7] 0 [7]
Level 2 | Foreign government debt securities
   
Assets    
Fair value, assets 60 3
Level 2 | Foreign government debt securities | FES
   
Assets    
Fair value, assets 50 3
Level 2 | Foreign government debt securities | JCP&L
   
Assets    
Fair value, assets 2 0
Level 2 | U.S. government debt securities
   
Assets    
Fair value, assets 184 148
Level 2 | U.S. government debt securities | FES
   
Assets    
Fair value, assets 21 7
Level 2 | U.S. government debt securities | OE
   
Assets    
Fair value, assets 138 132
Level 2 | U.S. government debt securities | JCP&L
   
Assets    
Fair value, assets 8 2
Level 2 | U.S. state debt securities
   
Assets    
Fair value, assets 314 314
Level 2 | U.S. state debt securities | FES
   
Assets    
Fair value, assets 0 5
Level 2 | U.S. state debt securities | JCP&L
   
Assets    
Fair value, assets 230 219
Level 2 | Other
   
Assets    
Fair value, assets 562 [8] 225 [8]
Level 2 | Other | FES
   
Assets    
Fair value, assets 396 [8] 132 [8]
Level 2 | Other | OE
   
Assets    
Fair value, assets 3 [8] 2 [8]
Level 2 | Other | JCP&L
   
Assets    
Fair value, assets 48 [8] 15 [8]
Level 3
   
Assets    
Fair value, assets 25 57
Liabilities    
Fair value, liabilities (453) (372)
Net assets (liabilities) (428) [1] (315) [1]
Level 3 | FES
   
Assets    
Fair value, assets 5 1
Liabilities    
Fair value, liabilities (7) (7)
Net assets (liabilities) (2) [2] (6) [2]
Level 3 | OE
   
Assets    
Fair value, assets 0 [3] 0 [3]
Level 3 | JCP&L
   
Assets    
Fair value, assets 1 4
Liabilities    
Fair value, liabilities (267) (147)
Net assets (liabilities) (266) [4] (143) [4]
Level 3 | Commodity contracts | Derivative Liabilities
   
Liabilities    
Fair value, liabilities 0 0
Level 3 | Commodity contracts | Derivative Liabilities | FES
   
Liabilities    
Fair value, liabilities 0 0
Level 3 | FTRs | Derivative Liabilities
   
Liabilities    
Fair value, liabilities (11) (23)
Level 3 | FTRs | Derivative Liabilities | FES
   
Liabilities    
Fair value, liabilities (7) (7)
Level 3 | Non Utility Generation contract | Derivative Liabilities
   
Liabilities    
Fair value, liabilities (300) [5] (349) [5]
Level 3 | Non Utility Generation contract | Derivative Liabilities | JCP&L
   
Liabilities    
Fair value, liabilities (125) [6] (147) [6]
Level 3 | LCAPP Contracts | Derivative Liabilities
   
Liabilities    
Fair value, liabilities (142) [5] 0 [5]
Level 3 | LCAPP Contracts | Derivative Liabilities | JCP&L
   
Liabilities    
Fair value, liabilities (142) [6] 0 [6]
Level 3 | Corporate debt securities
   
Assets    
Fair value, assets 0 0
Level 3 | Corporate debt securities | FES
   
Assets    
Fair value, assets 0 0
Level 3 | Corporate debt securities | OE
   
Assets    
Fair value, assets 0 0
Level 3 | Corporate debt securities | JCP&L
   
Assets    
Fair value, assets 0 0
Level 3 | Commodity contracts | Derivative Assets
   
Assets    
Fair value, assets 0 0
Level 3 | Commodity contracts | Derivative Assets | FES
   
Assets    
Fair value, assets 0 0
Level 3 | FTRs | Derivative Assets
   
Assets    
Fair value, assets 7 1
Level 3 | FTRs | Derivative Assets | FES
   
Assets    
Fair value, assets 5 1
Level 3 | Non Utility Generation contract | Derivative Assets
   
Assets    
Fair value, assets 18 [5] 56 [5]
Level 3 | Non Utility Generation contract | Derivative Assets | JCP&L
   
Assets    
Fair value, assets 1 [6] 4 [6]
Level 3 | Equity securities
   
Assets    
Fair value, assets 0 [7] 0 [7]
Level 3 | Equity securities | FES
   
Assets    
Fair value, assets 0 [7] 0 [7]
Level 3 | Equity securities | JCP&L
   
Assets    
Fair value, assets 0 [7] 0 [7]
Level 3 | Foreign government debt securities
   
Assets    
Fair value, assets 0 0
Level 3 | Foreign government debt securities | FES
   
Assets    
Fair value, assets 0 0
Level 3 | Foreign government debt securities | JCP&L
   
Assets    
Fair value, assets 0 0
Level 3 | U.S. government debt securities
   
Assets    
Fair value, assets 0 0
Level 3 | U.S. government debt securities | FES
   
Assets    
Fair value, assets 0 0
Level 3 | U.S. government debt securities | OE
   
Assets    
Fair value, assets 0 0
Level 3 | U.S. government debt securities | JCP&L
   
Assets    
Fair value, assets 0 0
Level 3 | U.S. state debt securities
   
Assets    
Fair value, assets 0 0
Level 3 | U.S. state debt securities | FES
   
Assets    
Fair value, assets 0 0
Level 3 | U.S. state debt securities | JCP&L
   
Assets    
Fair value, assets 0 0
Level 3 | Other
   
Assets    
Fair value, assets 0 [8] 0 [8]
Level 3 | Other | FES
   
Assets    
Fair value, assets 0 [8] 0 [8]
Level 3 | Other | OE
   
Assets    
Fair value, assets 0 [8] 0 [8]
Level 3 | Other | JCP&L
   
Assets    
Fair value, assets $ 0 [8] $ 0 [8]
[1] Excludes $43 million and $(52) million as of September 30, 2012 and December 31, 2011, respectively, of receivables, payables, taxes and accrued income associated with financial instruments reflected within the fair value table.
[2] Excludes $47 million and $(58) million as of September 30, 2012 and December 31, 2011, respectively, of receivables, payables, taxes and accrued income associated with the financial instruments reflected within the fair value table.
[3] Excludes $1 million and $1 million as of September 30, 2012 and December 31, 2011, respectively, of receivables, payables, taxes and accrued income associated with the financial instruments reflected within the fair value table.
[4] Excludes $1 million and $2 million as of September 30, 2012 and December 31, 2011 of receivables, payables, taxes and accrued income associated with the financial instruments reflected within the fair value table.
[5] NUG and LCAPP contracts are generally subject to regulatory accounting treatment and do not impact earnings.
[6] NUG and LCAPP contracts are subject to regulatory accounting treatment and do not impact earnings.
[7] NDT funds hold equity portfolios whose performance is benchmarked against the Alerian MLP Index.
[8] Primarily consists of short-term cash investments.