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Segment Information
 3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

FirstEnergy continues to have three reportable operating segments - Regulated Distribution, Regulated Transmission and Competitive Energy Services. The external reporting is consistent with the internal financial reporting used by FirstEnergy’s Chief Executive Officer (its chief operating decision maker) to regularly assess the performance of the business and allocate resources.

Financial information for each of FirstEnergy’s reportable segments is presented in the tables below. FES does not have separate reportable operating segments.

The Regulated Distribution segment distributes electricity through FirstEnergy’s ten utility operating companies, serving approximately six million customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York, and purchases power for its POLR, SOS, SSO and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland. This segment also includes regulated electric generation facilities in West Virginia and New Jersey that MP and JCP&L, respectively, own or contractually control. Its results reflect the commodity costs of securing electric generation and the deferral and amortization of certain fuel costs. This business segment currently controls approximately 3,780 MWs of generation capacity.
The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by ATSI, TrAIL, and certain of FirstEnergy's utilities (JCP&L, ME, PN, MP, PE and WP) and the regulatory asset associated with the abandoned PATH project. The segment's revenues are primarily derived from rates that recover costs and provide a return on transmission capital investment. Except for the recovery of the PATH abandoned project regulatory asset, these revenues are derived from transmission services provided pursuant to the PJM open access transmission tariff to LSEs. Its results also reflect the net transmission expenses related to the delivery of electricity on FirstEnergy's transmission facilities.
The Competitive Energy Services segment, through FES and AE Supply, supplies electricity to end-use customers through retail and wholesale arrangements, including competitive retail sales to customers primarily in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland, and the provision of partial POLR and default service for some utilities in Ohio, Pennsylvania and Maryland, including the Utilities. This business segment currently controls approximately 14,000 MWs of capacity, including 885 MWs of capacity subject to RMR arrangements with PJM. This segment also purchases electricity to meet sales obligations. The segment’s net income is primarily derived from electric generation sales less the related costs of electricity generation, including fuel, purchased power and net transmission (including congestion) and ancillary costs charged by PJM to deliver energy to the segment’s customers.
The Other/Corporate Segment contains corporate items and other businesses that are below the quantifiable threshold for separate disclosure as a reportable segment. Reconciling adjustments primarily consist of elimination of intersegment transactions.
Segment Financial Information

Three Months Ended
 
Regulated Distribution
 
Regulated Transmission
 
Competitive Energy Services
 
Other/Corporate
 
Reconciling Adjustments
 
Consolidated
 
 
(In millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
2,552

 
$
187

 
$
1,522

 
$
(35
)
 
$
(37
)
 
$
4,189

Internal revenues
 
—

 
—

 
249

 
—

 
(249
)
 
—

Total revenues
 
2,552

 
187

 
1,771

 
(35
)
 
(286
)
 
4,189

Depreciation, amortization and deferrals
 
131

 
33

 
91

 
11

 
—

 
266

Investment income
 
15

 
—

 
14

 
3

 
(10
)
 
22

Interest expense
 
151

 
25

 
46

 
43

 
—

 
265

Income taxes (benefits)
 
125

 
30

 
(73
)
 
(26
)
 
(8
)
 
48

Income (loss) from continuing operations
 
214

 
51

 
(124
)
 
(32
)
 
13

 
122

Discontinued operations, net of tax
 
—

 
—

 
86

 
—

 
—

 
86

Net income (loss)
 
214

 
51

 
(38
)
 
(32
)
 
13

 
208

Total assets
 
27,742

 
5,584

 
17,445

 
457

 
—

 
51,228

Total goodwill
 
5,092

 
526

 
800

 
—

 
—

 
6,418

Property additions
 
269

 
217

 
318

 
17

 
—

 
821

 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2013
 
 

 
 

 
 

 
 

 
 
 
 

External revenues
 
$
2,212

 
$
176

 
$
1,414

 
$
(27
)
 
$
(52
)
 
$
3,723

Internal revenues
 
—

 
—

 
216

 
—

 
(216
)
 
—

Total revenues
 
2,212

 
176

 
1,630

 
(27
)
 
(268
)
 
3,723

Depreciation, amortization and deferrals
 
202

 
29

 
110

 
11

 
—

 
352

Investment income
 
18

 
—

 
10

 
1

 
(11
)
 
18

Interest expense
 
135

 
23

 
73

 
27

 
—

 
258

Income taxes (benefits)
 
126

 
31

 
(24
)
 
(19
)
 
—

 
114

Income (loss) from continuing operations
 
210

 
51

 
(42
)
 
(30
)
 
3

 
192

Discontinued operations, net of tax
 
—

 
—

 
4

 
—

 
—

 
4

Net income (loss)
 
210

 
51

 
(38
)
 
(30
)
 
3

 
196

Total assets
 
26,943

 
4,722

 
18,328

 
431

 
—

 
50,424

Total goodwill
 
5,025

 
526

 
896

 
—

 
—

 
6,447

Property additions
 
436

 
89

 
283

 
18

 
—

 
826