SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 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:

	For the Years Ended December 31,
(In millions)	2023		2022		2021
External revenues
Regulated Distribution	$	10,810	$	10,569	$	9,510
Regulated Transmission	2,049		1,863		1,608
Corporate/Other	11		27		14
Reconciling Adjustments	—		—		—
Total external revenues	$	12,870	$	12,459	$	11,132
Internal revenues
Regulated Distribution	$	228	$	232	$	201
Regulated Transmission	5		5		10
Corporate/Other	—		—		—
Reconciling Adjustments	(233)		(237)		(211)
Total internal revenues	$	—	$	—	$	—
Total revenues	$	12,870	$	12,459	$	11,132
Depreciation
Regulated Distribution	$	1,021	$	967	$	911
Regulated Transmission	367		335		325
Corporate/Other	4		7		3
Reconciling Adjustments	69		66		63
Total depreciation	$	1,461	$	1,375	$	1,302
Amortization (deferral) of regulatory assets, net
Regulated Distribution	$	(256)	$	(362)	$	260
Regulated Transmission	(5)		(3)		9
Corporate/Other	—		—		—
Reconciling Adjustments	—		—		—
Total amortization (deferral) of regulatory assets, net	$	(261)	$	(365)	$	269
DPA penalty
Corporate/Other	$	—	$	—	$	230
Total DPA penalty	$	—	$	—	$	230
Equity method investment earnings
Regulated Distribution	$	—	$	—	$	—
Regulated Transmission	—		—		—
Corporate/Other	175		168		31
Reconciling Adjustments	—		—		—
Total equity method investment earnings	$	175	$	168	$	31
Interest expense
Regulated Distribution	$	618	$	526	$	522
Regulated Transmission	256		230		247
Corporate/Other	334		350		382
Reconciling Adjustments	(84)		(67)		(12)
Total interest expense	$	1,124	$	1,039	$	1,139
Income taxes (benefits)
Regulated Distribution	$	167	$	251	$	364
Regulated Transmission	179		110		127
Corporate/Other	(79)		639		(171)
Reconciling Adjustments	—		—		—
Total income taxes	$	267	$	1,000	$	320

	For the Years Ended December 31,
(In millions)	2023		2022		2021
Earnings (losses) attributable to FE from continuing operations
Regulated Distribution	$	740	$	957	$	1,288
Regulated Transmission	514		361		408
Corporate/Other	(131)		(912)		(457)
Reconciling Adjustments	—		—		—
Total earnings attributable to FE from continuing operations	$	1,123	$	406	$	1,239
Cash Flows From Investing Activities:
Capital investments
Regulated Distribution	$	1,631	$	1,605	$	1,437
Regulated Transmission	1,610		1,192		958
Corporate/Other	115		51		92
Reconciling Adjustments	—		—		—
Total capital investments	$	3,356	$	2,848	$	2,487
	As of December 31,
(In millions)	2023		2022
Assets
Regulated Distribution	$	32,929	$	31,749
Regulated Transmission	15,155		13,835
Corporate/Other	683		524
Reconciling Adjustments	—		—
Total assets	$	48,767	$	46,108
Goodwill
Regulated Distribution	$	5,004	$	5,004
Regulated Transmission	614		614
Corporate/Other	—		—
Reconciling Adjustments	—		—
Total goodwill	$	5,618	$	5,618