COMMITMENTS, GUARANTEES AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Potential Collateral Obligations

These credit-risk-related contingent features stipulate that if the subsidiary were to be downgraded or lose its investment grade credit rating (based on its senior unsecured debt rating), it would be required to provide additional collateral. The following table discloses the potential additional credit rating contingent contractual collateral obligations as of September 30, 2024:

Potential Collateral Obligations		Electric Companies and Transmission Companies		FE		Total
	(In millions)
Contractual obligations for additional collateral
Upon downgrade		$	66	$	1	$	67
Surety bonds (collateralized amount)(1)		97		79		176
Total Exposure from Contractual Obligations		$	163	$	80	$	243

(1) Surety Bonds are not tied to a credit rating. Surety Bonds’ impact assumes maximum contractual obligations, which is ordinarily 100% of the face amount of the surety bond except with respect to $38 million of surety bond obligations for which the collateral obligation is capped at 60% of the face amount, and typical obligations require 30 days to cure.