Accelerated net pension and OPEB prior service credits

  
  
Summarized Results of Discontinued Operations  
Summarized results of discontinued operations for the years ended December 31, 2021, 2020, and 2019 were as follows:

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | For the Years Ended December 31, |
| (In millions) |  | 2021 |  | 2020 |  | 2019 |
|  |  |  |  |  |  |  |
| Revenues |  | $ | —  |  |  | $ | 7  |  |  | $ | 188  |  |
| Fuel  |  | —  |  |  | (6) |  |  | (140) |  |
|  |  |  |  |  |  |  |
| Other operating expenses |  | —  |  |  | (6) |  |  | (63) |  |
|  |  |  |  |  |  |  |
| General taxes  |  | —  |  |  | —  |  |  | (14) |  |
| Pleasants economic interest(1) |  | —  |  |  | 5  |  |  | 27  |  |
| Other expense, net |  | (4) |  |  | —  |  |  | (2) |  |
| Loss from discontinued operations, before tax |  | (4) |  |  | —  |  |  | (4) |  |
| Income tax expense (benefit) |  | (1) |  |  | —  |  |  | 47  |  |
| Loss from discontinued operations, net of tax |  | (3) |  |  | —  |  |  | (51) |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
| Settlement consideration and services credit |  | —  |  |  | (1) |  |  | 7  |  |
| Accelerated net pension and OPEB prior service credits |  | —  |  |  | 18  |  |  | —  |  |
| Gain on disposal of FES and FENOC, before tax |  | —  |  |  | 17  |  |  | 7  |  |
| Income tax benefits, including worthless stock deduction |  | (47) |  |  | (59) |  |  | (52) |  |
| Gain on disposal of FES and FENOC, net of tax |  | 47  |  |  | 76  |  |  | 59  |  |
|  |  |  |  |  |  |  |
| Income from discontinued operations |  | $ | 44  |  |  | $ | 76  |  |  | $ | 8  |  |

(1) Reflects the estimated amounts owed from FG for its economic interests in Pleasants effective January 1, 2019. As discussed above, settlement of the economic interests occurred during the first quarter of 2020. FirstEnergy's Consolidated Statements of Cash Flows combines cash flows from discontinued operations with cash flows from continuing operations within each cash flow category. The following table summarizes the major classes of cash flow items from discontinued operations for the years ended December 31, 2021, 2020 and 2019: 

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | For the Years Ended December 31, |
| (In millions) |  | 2021 |  | 2020 |  | 2019 |
|  |  |  |  |  |  |  |
| CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |
| Income from discontinued operations |  | $ | 44  |  |  | $ | 76  |  |  | $ | 8  |  |
| Gain on disposal, net of tax  |  | (47) |  |  | (76) |  |  | (59) |  |
|  |  |  |  |  |  |  |
| Deferred income taxes and investment tax credits, net |  | —  |  |  | —  |  |  | 47  |  |
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15. SEGMENT INFORMATION  
FE and its subsidiaries are principally involved in the transmission, distribution and generation of electricity through its reportable segments, Regulated Distribution and Regulated Transmission.  
The Regulated Distribution segment distributes electricity through FirstEnergy’s ten utility operating companies, serving approximately six million customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York, and purchases power for its POLR, SOS, SSO and default service requirements in Ohio, Pennsylvania, New Jersey, and Maryland. This segment also controls 3,580 MWs of regulated electric generation capacity located primarily in West Virginia and Virginia. The segment's results reflect the costs of securing and delivering electric generation from transmission facilities to customers, including the deferral and amortization of certain related costs. The transaction to transfer TMI-2 to TMI-2 Solutions, LLC was consummated on December 18, 2020, and as a result, during the fourth quarter of 2020 FirstEnergy recognized an after-tax gain of approximately $33 million, primarily associated with the write-off of a tax related regulatory liability. Included within the segment is $45 million of assets classified as held for sale as of December 31, 2020 associated with the asset purchase agreement with Yards Creek; see Note 12, "Regulatory Matters," for additional information.  
The Regulated Transmission segment provides transmission infrastructure owned and operated by the Transmission Companies and certain of FirstEnergy's utilities (JCP&L, MP, PE and WP) to transmit electricity from generation sources to distribution facilities. The segment's revenues are primarily derived from forward-looking formula rates. Under forward-looking formula rates, the revenue requirement is updated annually based on a projected rate base and projected costs, which is subject to an annual true-up based on actual rate base and costs. The segment's results also reflect the net transmission expenses   
121
