SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Financial Information

Financial information for FirstEnergy’s business segments and reconciliations to consolidated amounts is presented below:

	Three Months Ended March 31,
(In millions)	2023		2022
External revenues
Regulated Distribution	$	2,769	$	2,532
Regulated Transmission	460		451
Corporate/Other	2		6
Reconciling Adjustments	—		—
Total external revenues	$	3,231	$	2,989
Internal revenues
Regulated Distribution	$	57	$	57
Regulated Transmission	1		2
Corporate/Other	—		—
Reconciling Adjustments	(58)		(59)
Total internal revenues	$	—	$	—
Total revenues	$	3,231	$	2,989
Depreciation
Regulated Distribution	$	251	$	235
Regulated Transmission	91		86
Corporate/Other	2		2
Reconciling Adjustments	17		17
Total depreciation	$	361	$	340
Amortization (deferral) of regulatory assets, net
Regulated Distribution	$	(79)	$	(38)
Regulated Transmission	(1)		1
Corporate/Other	—		—
Reconciling Adjustments	—		—
Total amortization (deferral) of regulatory assets, net	$	(80)	$	(37)
Equity method investment earnings
Regulated Distribution	$	—	$	—
Regulated Transmission	—		—
Corporate/Other	56		12
Reconciling Adjustments	—		—
Total equity method investment earnings	$	56	$	12
Interest expense
Regulated Distribution	$	146	$	129
Regulated Transmission	59		59
Corporate/Other	75		89
Reconciling Adjustments	(17)		(2)
Total interest expense	$	263	$	275

	Three Months Ended March 31,
(In millions)	2023		2022
Income taxes (benefits)
Regulated Distribution	$	56	$	69
Regulated Transmission	40		41
Corporate/Other	(6)		(27)
Reconciling Adjustments	—		—
Total income taxes (benefits)	$	90	$	83
Earnings attributable to FE
Regulated Distribution	$	236	$	265
Regulated Transmission	114		125
Corporate/Other	(58)		(102)
Reconciling Adjustments	—		—
Total earnings attributable to FE	$	292	$	288
Capital investments
Regulated Distribution	$	334	$	336
Regulated Transmission	308		197
Corporate/Other	7		6
Reconciling Adjustments	—		—
Total capital investments	$	649	$	539
(In millions)	As of March 31, 2023		As of December 31, 2022
Assets
Regulated Distribution	$	31,886	$	31,749
Regulated Transmission	13,981		13,835
Corporate/Other	612		524
Reconciling Adjustments	—		—
Total assets	$	46,479	$	46,108
Goodwill
Regulated Distribution	$	5,004	$	5,004
Regulated Transmission	614		614
Corporate/Other	—		—
Reconciling Adjustments	—		—
Total goodwill	$	5,618	$	5,618