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Segment Information
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

FirstEnergy's reportable segments are as follows: Regulated Distribution, Regulated Transmission and CES.

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

During the fourth quarter of 2015, management concluded that FEV's 33-1/3% equity investment in Global Holding was no longer a strategic asset to CES. Because of this decision, the segment reporting was modified to reflect how management now views and makes investment decisions regarding CES and Global Holding. The external segment reporting is consistent with the internal financial reports used by FirstEnergy's Chief Executive Officer (its chief operating decision maker) to regularly assess performance of the business and allocate resources. Disclosures for FirstEnergy's reportable operating segments for 2014 and 2013 have been reclassified to conform to the current presentation reflecting the activity of FEV's investment in Global Holding in Corporate/Other.

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 located primarily in West Virginia, Virginia and New Jersey that MP and JCP&L, respectively, own or contractually control. The segment's results reflect the commodity costs of securing electric generation and the deferral and amortization of certain fuel costs. This business segment currently controls 3,790 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). This segment also includes 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 primarily from transmission services provided pursuant to its PJM Tariff to LSEs. The segment's results also reflect the net transmission expenses related to the delivery of electricity on FirstEnergy's transmission facilities.

The CES segment, through FES and AE Supply, primarily 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 13,162 MWs of capacity. The CES 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 and capacity costs charged by PJM to deliver energy to the segment’s customers.

Corporate support and other businesses that do not constitute an operating segment, interest expense on stand-alone holding company debt and corporate income taxes are categorized as Corporate/Other for reportable business segment purposes. Additionally, reconciling adjustments for the elimination of inter-segment transactions are included in Corporate/Other. As of December 31, 2015, Corporate/Other had $4.2 billion of stand-alone holding company long-term debt, of which 28% was subject to variable-interest rates and $1.7 billion was borrowed under the FE revolving credit facility.
Segment Financial Information

For the Years Ended December 31,
 
Regulated Distribution
 
Regulated Transmission
 
Competitive Energy Services
 
Corporate/ Other
 
Reconciling Adjustments
 
Consolidated
 
 
(In millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
9,625

 
$
1,011

 
$
4,698

 
$
(168
)
 
$
(140
)
 
$
15,026

Internal revenues
 
—

 
—

 
686

 
—

 
(686
)
 
—

Total revenues
 
9,625

 
1,011

 
5,384

 
(168
)
 
(826
)
 
15,026

Depreciation
 
672

 
156

 
394

 
60

 
—

 
1,282

Amortization of regulatory assets, net
 
261

 
7

 
—

 
—

 
—

 
268

Impairment of long-lived assets
 
8

 
—

 
34

 
—

 
—

 
42

Investment income (loss)
 
42

 
—

 
(16
)
 
(9
)
 
(39
)
 
(22
)
Impairment of equity method investment
 
—

 
—

 
—

 
362

 
—

 
362

Interest expense
 
586

 
161

 
192

 
193

 
—

 
1,132

Income taxes (benefits)
 
342

 
174

 
50

 
(262
)
 
11

 
315

Income (loss) from continuing operations
 
618

 
298

 
89

 
(427
)
 
—

 
578

Discontinued operations, net of tax
 
—

 
—

 
—

 
—

 
—

 
—

Net income (loss)
 
618

 
298

 
89

 
(427
)
 
—

 
578

Total assets
 
27,876

 
7,439

 
16,365

 
507

 
—

 
52,187

Total goodwill
 
5,092

 
526

 
800

 
—

 
—

 
6,418

Property additions
 
1,108

 
952

 
588

 
56

 
—

 
2,704

 
 
 
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
9,102

 
$
769

 
$
5,470

 
$
(146
)
 
$
(146
)
 
$
15,049

Internal revenues
 
—

 
—

 
819

 
—

 
(819
)
 
—

Total revenues
 
9,102

 
769

 
6,289

 
(146
)
 
(965
)
 
15,049

Depreciation
 
658

 
127

 
387

 
48

 
—

 
1,220

Amortization of regulatory assets, net
 
1

 
11

 
—

 
—

 
—

 
12

Impairment of long-lived assets
 
—

 
—

 
—

 
—

 
—

 
—

Investment income (loss)
 
56

 
—

 
54

 
2

 
(40
)
 
72

Impairment of equity method investment
 
—

 
—

 
—

 
—

 
—

 
—

Interest expense
 
589

 
131

 
189

 
168

 
(4
)
 
1,073

Income taxes (benefits)
 
227

 
121

 
(223
)
 
(178
)
 
11

 
(42
)
Income (loss) from continuing operations
 
465

 
223

 
(417
)
 
(58
)
 
—

 
213

Discontinued operations, net of tax
 
—

 
—

 
86

 
—

 
—

 
86

Net income (loss)
 
465

 
223

 
(331
)
 
(58
)
 
—

 
299

Total assets
 
28,085

 
6,252

 
16,518

 
793

 
—

 
51,648

Total goodwill
 
5,092

 
526

 
800

 
—

 
—

 
6,418

Property additions
 
972

 
1,329

 
939

 
72

 
—

 
3,312

 
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
$
8,720

 
$
731

 
$
5,728

 
$
(121
)
 
$
(166
)
 
$
14,892

Internal revenues
 
—

 
—

 
770

 
—

 
(770
)
 
—

Total revenues
 
8,720

 
731

 
6,498

 
(121
)
 
(936
)
 
14,892

Depreciation
 
606

 
114

 
439

 
43

 
—

 
1,202

Amortization of regulatory assets, net
 
529

 
10

 
—

 
—

 
—

 
539

Impairment of long-lived assets
 
322

 
—

 
473

 
—

 
—

 
795

Investment income (loss)
 
57

 
—

 
14

 
6

 
(44
)
 
33

Impairment of equity method investment
 
—

 
—

 
—

 
—

 
—

 
—

Interest expense
 
543

 
93

 
222

 
148

 
10

 
1,016

Income taxes (benefits)
 
301

 
129

 
(140
)
 
(105
)
 
10

 
195

Income (loss) from continuing operations
 
501

 
214

 
(235
)
 
(105
)
 
—

 
375

Discontinued operations, net of tax
 
—

 
—

 
17

 
—

 
—

 
17

Net income (loss)
 
501

 
214

 
(218
)
 
(105
)
 
—

 
392

Total assets
 
27,683

 
5,247

 
16,782

 
712

 
—

 
50,424

Total goodwill
 
5,092

 
526

 
800

 
—

 
—

 
6,418

Property additions
 
1,272

 
461

 
827

 
78

 
—

 
2,638