v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Receivables -    
Allowance for uncollectible accounts $ 48 $ 57
Common stockholders’ equity-    
Common stock, par value (in dollars per share) $ 0.10 $ 0.10
Common stock, authorized (in shares) 700,000,000 700,000,000
Common stock, outstanding (in shares) 578,639,932 577,851,052
Common stock, shares issued not disclosed true  
Assets [1] $ 58,221 $ 55,904
Cash and cash equivalents 63 57
Restricted cash 128 42
Total FirstEnergy Customer Receivables 1,667 1,726
Materials and supplies, at average cost 559 577
Prepaid taxes and other 445 282
Property, plant and equipment 46,287 44,413
Goodwill 5,618 5,618
Investments 635 641
Regulatory assets 1,357 829
Other 1,119 1,424
Liabilities [1] 43,795 41,978
Currently payable long-term debt 505 723
Short-term borrowings 1,376 325
Accrued interest 388 373
Accrued taxes 738 768
Other 287 287
Long-term debt and other long-term obligations 27,102 25,508
Accumulated deferred income taxes 6,314 6,032
Regulatory liabilities 891 1,185
Other 2,096 2,513
Variable Interest Entity, Primary Beneficiary    
Common stockholders’ equity-    
Assets 13,796 13,270
Cash and cash equivalents 10 8
Restricted cash 41 40
Materials and supplies, at average cost 1 1
Prepaid taxes and other 20 41
Property, plant and equipment 13,081 12,475
Goodwill 224 224
Investments 2 19
Regulatory assets 141 22
Other 184 348
Liabilities 10,333 9,933
Currently payable long-term debt 52 126
Short-term borrowings 275 245
Accrued interest 112 108
Accrued taxes 327 335
Other 6 9
Long-term debt and other long-term obligations 7,291 6,893
Accumulated deferred income taxes 1,623 1,540
Regulatory liabilities 478 346
Other 169 331
Other    
Receivables -    
Allowance for uncollectible accounts 11 11
Customer    
Receivables -    
Allowance for uncollectible accounts 48 57
Common stockholders’ equity-    
Total FirstEnergy Customer Receivables 1,667 1,726
Customer | Variable Interest Entity, Primary Beneficiary    
Common stockholders’ equity-    
Total FirstEnergy Customer Receivables $ 92 $ 92
[1] As of June 30, 2026, and December 31, 2025, the combined assets of the VIEs were $13,796 million and $13,270 million, respectively, that can only be used to settle obligations of the VIEs. As of June 30, 2026, and December 31, 2025, respectively, these assets include: Cash and cash equivalents of $10 million and $8 million, Restricted cash of $41 million and $40 million, Accounts receivable of $92 million and $92 million, Materials and supplies, at average cost of $1 million and $1 million, Prepaid taxes and other current assets of $20 million and $41 million, Property, plant, and equipment of $13,081 million and $12,475 million, Goodwill of $224 million and $224 million, Investments of $2
million and $19 million, Regulatory assets of $141 million and $22 million, and Other noncurrent assets of $184 million and $348 million. The consolidated liabilities as of June 30, 2026, and December 31, 2025, include $10,333 million and $9,933 million, respectively, of liabilities of VIEs whose creditors have no recourse to FE. As of June 30, 2026, and December 31, 2025, respectively, these liabilities include: Currently payable long-term debt of $52 million and $126 million, Short-term borrowings of $275 million and $245 million, Accrued interest of $112 million and $108 million, Accrued taxes of $327 million and $335 million, Other current liabilities of $6 million and $9 million, Long-term debt and other long-term obligations of $7,291 million and $6,893 million, Accumulated deferred income taxes of $1,623 million and $1,540 million, Regulatory liabilities of $478 million and $346 million, and Other noncurrent liabilities of $169 million and $331 million.