v3.26.1
SEGMENT INFORMATION - Schedule of Segment Financial Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Segment Financial Information          
Revenues [1] $ 3,678 $ 3,380 $ 7,880 $ 7,145  
Other operating expense 1,165 995 2,625 2,029  
Depreciation 424 415 845 826  
Amortization (deferral) of regulatory assets, net (225) (99) (682) (109)  
Interest expense 337 299 663 587  
Income taxes 92 88 230 214  
Other expense (income) items 1,597 1,414 3,506 2,970  
Earnings (losses) attributable to FE/Net income 288 268 693 628  
Cash Flows from Investing Activities:          
Capital investments 1,345 1,228 2,600 2,233  
Total assets [2] 58,221   58,221   $ 55,904
Total goodwill 5,618   5,618   5,618
External revenues          
Segment Financial Information          
Revenues 3,678 3,380 7,880 7,145  
Internal revenues          
Segment Financial Information          
Revenues 0 0 0 0  
Operating Segments          
Segment Financial Information          
Revenues 3,692 3,392 7,901 7,168  
Other operating expense 1,175 1,014 2,642 2,076  
Depreciation 404 394 805 785  
Amortization (deferral) of regulatory assets, net (225) (99) (682) (109)  
Interest expense 281 250 551 487  
Income taxes 118 114 274 254  
Other expense (income) items 1,576 1,367 3,458 2,888  
Earnings (losses) attributable to FE/Net income 363 352 853 787  
Cash Flows from Investing Activities:          
Capital investments 1,374 1,173 2,547 2,147  
Total assets 58,362   58,362   55,908
Total goodwill 5,618   5,618   5,618
Operating Segments | Distribution          
Segment Financial Information          
Revenues 1,714 1,675 3,704 3,611  
Other operating expense 662 634 1,378 1,261  
Depreciation 164 163 329 325  
Amortization (deferral) of regulatory assets, net (163) (98) (417) (117)  
Interest expense 110 101 217 200  
Income taxes 33 43 97 103  
Other expense (income) items 765 671 1,711 1,460  
Earnings (losses) attributable to FE/Net income 143 161 389 379  
Cash Flows from Investing Activities:          
Capital investments 427 295 791 560  
Total assets 21,386   21,386   20,653
Total goodwill 3,222   3,222   3,222
Operating Segments | Integrated          
Segment Financial Information          
Revenues 1,434 1,261 3,137 2,610  
Other operating expense 418 306 1,090 643  
Depreciation 142 139 281 277  
Amortization (deferral) of regulatory assets, net (63) (3) (268) 5  
Interest expense 83 68 161 133  
Income taxes 38 35 84 75  
Other expense (income) items 693 600 1,513 1,225  
Earnings (losses) attributable to FE/Net income 123 116 276 252  
Cash Flows from Investing Activities:          
Capital investments 530 443 1,006 838  
Total assets 21,508   21,508   20,352
Total goodwill 1,953   1,953   1,953
Operating Segments | Stand-Alone Transmission          
Segment Financial Information          
Revenues 544 456 1,060 947  
Other operating expense 95 74 174 172  
Depreciation 98 92 195 183  
Amortization (deferral) of regulatory assets, net 1 2 3 3  
Interest expense 88 81 173 154  
Income taxes 47 36 93 76  
Other expense (income) items 118 96 234 203  
Earnings (losses) attributable to FE/Net income 97 75 188 156  
Cash Flows from Investing Activities:          
Capital investments 417 435 750 749  
Total assets 15,468   15,468   14,903
Total goodwill 443   443   443
Operating Segments | External revenues          
Segment Financial Information          
Revenues 3,674 3,376 7,866 7,137  
Operating Segments | External revenues | Distribution          
Segment Financial Information          
Revenues 1,704 1,665 3,685 3,592  
Operating Segments | External revenues | Integrated          
Segment Financial Information          
Revenues 1,433 1,260 3,135 2,608  
Operating Segments | External revenues | Stand-Alone Transmission          
Segment Financial Information          
Revenues 537 451 1,046 937  
Operating Segments | Internal revenues          
Segment Financial Information          
Revenues 18 16 35 31  
Operating Segments | Internal revenues | Distribution          
Segment Financial Information          
Revenues 10 10 19 19  
Operating Segments | Internal revenues | Integrated          
Segment Financial Information          
Revenues 1 1 2 2  
Operating Segments | Internal revenues | Stand-Alone Transmission          
Segment Financial Information          
Revenues 7 5 14 10  
Corporate/ Other          
Segment Financial Information          
Revenues 4 4 14 8  
Other operating expense (7) (17) (11) (42)  
Depreciation 20 21 40 41  
Amortization (deferral) of regulatory assets, net 0 0 0 0  
Interest expense 87 89 173 168  
Income taxes (26) (26) (44) (40)  
Other expense (income) items (10) 7 (13) 14  
Earnings (losses) attributable to FE/Net income (75) (84) (160) (159)  
Cash Flows from Investing Activities:          
Capital investments (29) 55 53 86  
Total assets 1,829   1,829   1,793
Total goodwill 0   0   0
Corporate/ Other | External revenues          
Segment Financial Information          
Revenues 4 4 14 8  
Corporate/ Other | Internal revenues          
Segment Financial Information          
Revenues 0 0 0 0  
Reconciling Adjustments          
Segment Financial Information          
Revenues (18) (16) (35) (31)  
Other operating expense (3) (2) (6) (5)  
Depreciation 0 0 0 0  
Amortization (deferral) of regulatory assets, net 0 0 0 0  
Interest expense (31) (40) (61) (68)  
Income taxes 0 0 0 0  
Other expense (income) items 31 40 61 68  
Earnings (losses) attributable to FE/Net income 0 0 0 0  
Cash Flows from Investing Activities:          
Capital investments 0 0 0 0  
Total assets (1,970)   (1,970)   (1,797)
Total goodwill 0   0   $ 0
Reconciling Adjustments | External revenues          
Segment Financial Information          
Revenues 0 0 0 0  
Reconciling Adjustments | Internal revenues          
Segment Financial Information          
Revenues $ (18) $ (16) $ (35) $ (31)  
[1] Includes excise and gross receipts tax collections of $105 million and $100 million during the three months ended June 30, 2026, and 2025, respectively, and $238 million and $223 million during the six months ended June 30, 2026, and 2025, respectively.
[2] 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.