REGULATORY MATTERS (Tables)

12 Months Ended

Dec. 31, 2023

Regulated Operations [Abstract]

Schedule of Distribution Rate Orders

The following table summarizes the key terms of base distribution rate orders in effect for the Utilities as of December 31, 2023:

Company	Rates Effective For Customers	Allowed Debt/Equity	Allowed ROE
CEI	May 2009	51% /49%	10.5%
ME(1)	January 2017	48.8% / 51.2%	Settled(2)
MP	February 2015	54% / 46%	Settled(2)
JCP&L	November 2021	48.6% / 51.4%	9.6%
OE	January 2009	51% /49%	10.5%
PE (West Virginia)	February 2015	51% / 49%	Settled(2)
PE (Maryland)	October 2023	47% / 53%	9.5%
PN(1)	January 2017	47.4% /52.6%	Settled(2)
Penn(1)	January 2017	49.9% / 50.1%	Settled(2)
TE	January 2009	51% / 49%	10.5%
WP(1)	January 2017	49.7% / 50.3%	Settled(2)

(1) Reflects filed debt/equity as final settlement/orders do not specifically include capital structure. Additionally, on January 1, 2024, FirstEnergy consolidated the Pennsylvania Companies into FE PA, making it a new, single operating entity, and will operate under the rate districts of the former Pennsylvania Companies.

(2) Commission-approved settlement agreements did not disclose ROE rates.

The following table summarizes the key terms of rate orders in effect for transmission customer billings for FirstEnergy's transmission owner entities as of December 31, 2023:

Company	Rates Effective	Capital Structure	Allowed ROE
ATSI	January 2015	Actual (13-month average)	10.38%
JCP&L	January 2020	Actual (13-month average)	10.20%
MP	January 2021	Lower of Actual (13-month average) or 56%	10.45%
PE	January 2021	Lower of Actual (13-month average) or 56%	10.45%
WP(1)	January 2021	Lower of Actual (13-month average) or 56%	10.45%
MAIT	July 2017	Lower of Actual (13-month average) or 60%	10.3%
TrAIL	July 2008	Actual (year-end)	12.7%(2) / 11.7%(3)

(1) On January 1, 2024, WP transferred certain of its Pennsylvania-based transmission assets to KATCo

(2) TrAIL the Line and Black Oak Static Var Compensator

(3) All other projects