1.0.0.3false6100 - SEGMENT INFORMATIONfalse1$falsefalseu000Standardhttp://www.xbrl.org/2003/iso4217USDiso42170u001Standardhttp://www.xbrl.org/2003/instancepurexbrli0u002Standardhttp://www.xbrl.org/2003/instancesharesxbrli020fe_SegmentInformationAbstractfefalsenadurationstringNo definition available.falsefalsefalsefalsefalsetruefalsefalsefalse1falsefalse00falsefalseNo definition available.false31us-gaap_SegmentReportingDisclosureTextBlockus-gaaptruenadurationstringThis element may be used to capture the complete disclosure of reporting segments including data and tables. Reportable...falsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalse0011. SEGMENT INFORMATION
FirstEnergy has three reportable operating segments: energy delivery services, competitive energy services and Ohio transitional generation services. The assets and revenues for all other business operations are below the quantifiable threshold for operating segments for separate disclosure as "reportable operating segments." FES and the Utilities do not have separate reportable operating segments.
The energy delivery services segment designs, constructs, operates and maintains FirstEnergy's regulated transmission and distribution systems and is responsible for the regulated generation commodity operations of FirstEnergy's Pennsylvania and New Jersey electric utility subsidiaries. Its revenues are primarily derived from the delivery of electricity, cost recovery of regulatory assets, and default service electric generation sales to non-shopping customers in its Pennsylvania and New Jersey franchise areas. Its results reflect the commodity costs of securing electric generation from FES under Met-Ed's and Penelec's partial requirements purchased power agreements and from non-affiliated power suppliers as well as the net PJM transmission expenses related to the delivery of that generation load.
The competitive energy services segment supplies electric power to its electric utility affiliates, provides competitive electricity sales primarily in Ohio, Pennsylvania, Maryland and Michigan, owns or leases and operates FirstEnergy's generating facilities and purchases electricity to meet its sales obligations. The segment's net income is primarily derived from affiliated and non-affiliated electric generation sales revenues less the related costs of electricity generation, including purchased power and net transmission (including congestion) and ancillary costs charged by PJM and MISO to deliver electricity to the segment's customers. The segment's internal revenues represent sales to its affiliates in Ohio and Pennsylvania.
The Ohio transitional generation services segment represents the generation commodity operations of FirstEnergy's Ohio electric utility subsidiaries. Its revenues are primarily derived from electric generation sales to non-shopping customers under the PLR obligations of the Ohio Companies. Its results reflect the purchase of electricity from third parties and the competitive energy services segment through a CBP, the deferral and amortization of certain fuel costs authorized for recovery by the energy delivery services segment and the net MISO transmission revenues and expenses related to the delivery of generation load. This segment's total assets consist primarily of accounts receivable for generation revenues from retail customers.
Segment Financial Information
Ohio Energy Competitive Transitional Delivery Energy Generation Reconciling Three Months Ended Services Services Services Other Adjustments Consolidated (In millions) June 30, 2009 External revenues $1,924 $504 $868 $5 $(30) $3,271 Internal revenues - 839 - - (839) - Total revenues 1,924 1,343 868 5 (869) 3,271 Depreciation and amortization 294 68 4 3 4 373 Investment income 35 6 - - (14) 27 Net interest charges 113 18 - 2 40 173 Income taxes 89 185 14 (20) (20) 248 Net income 133 276 21 18 (40) 408 Total assets 22,849 10,144 366 684 263 34,306 Total goodwill 5,551 24 - - - 5,575 Property additions 178 248 - 70 (7) 489
June 30, 2008
External revenues $2,182 $375 $683 $20 $(15) $3,245 Internal revenues - 704 - - (704) - Total revenues 2,182 1,079 683 20 (719) 3,245 Depreciation and amortization 241 59 11 1 4 316 Investment income 40 (8) (1) 6 (21) 16 Net interest charges 99 28 - - 48 175 Income taxes 129 45 13 (1) (26) 160 Net income 193 66 19 26 (41) 263 Total assets 23,423 9,240 266 281 335 33,545 Total goodwill 5,582 24 - - - 5,606 Property additions 196 683 - 9 18 906 Six Months Ended
June 30, 2009
External revenues $4,033 $839 $1,780 $12 $(59) $6,605 Internal revenues - 1,732 - - (1,732) - Total revenues 4,033 2,571 1,780 12 (1,791) 6,605 Depreciation and amortization 766 132 (41) 4 7 868 Investment income 64 (23) 1 - (26) 16 Net interest charges 223 36 - 3 77 339 Income taxes 61 288 30 (37) (40) 302 Net income 91 431 45 35 (79) 523 Total assets 22,849 10,144 366 684 263 34,306 Total goodwill 5,551 24 - - - 5,575 Property additions 343 669 - 119 12 1,143
June 30, 2008
External revenues $4,394 $704 $1,390 $60 $(26) $6,522 Internal revenues - 1,480 - - (1,480) - Total revenues 4,394 2,184 1,390 60 (1,506) 6,522 Depreciation and amortization 496 112 15 1 9 633 Investment income 85 (14) - 6 (44) 33 Net interest charges 202 55 - - 89 346 Income taxes 248 103 28 13 (45) 347 Net income 372 153 43 48 (76) 540 Total assets 23,423 9,240 266 281 335 33,545 Total goodwill 5,582 24 - - - 5,606 Property additions 451 1,145 - 21 - 1,617
Reconciling adjustments to segment operating results from internal management reporting to consolidated external financial reporting primarily consist of interest expense related to holding company debt, corporate support services revenues and expenses and elimination of intersegment transactions.11. SEGMENT INFORMATION
FirstEnergy has three reportable operating segments: energy delivery services, competitive energy services and Ohio transitionalfalsefalseThis element may be used to capture the complete disclosure of reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10% or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
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