A Dark Vector Cognition product

Item 16. FORM 10-K SUMMARY

5K characters. Original on sec.gov ·

Item 16. FORM 10-K SUMMARY

None.

SCHEDULE II

FIRSTENERGY CORP.

CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS

FOR THE YEARS ENDED DECEMBER 31, 2019**,** 2018 AND 2017

Additions
DescriptionBeginning BalanceCharged to IncomeCharged to Other Accounts(1)Deductions(2)Ending Balance
(In thousands)
Year Ended December 31, 2019:
Accumulated provision for uncollectible accounts — customers$49,798$81,107$47,306$132,031$46,180
— other$1,778$26,654$1,474$8,509$21,397
— affiliated companies (4)$919,851$143,276$—$—$1,063,127
Valuation allowance on various DTAs (3)$394,112$46,526$—$—$440,638
Year Ended December 31, 2018:
Accumulated provision for uncollectible accounts — customers$48,937$77,254$60,307$136,700$49,798
— other$990$12,487$—$11,699$1,778
— affiliated companies (4)$—$—$—$919,851$919,851
Valuation allowance on state and local DTAs$312,135$81,977$—$—$394,112
Year Ended December 31, 2017:
Accumulated provision for uncollectible accounts — customers$48,409$73,486$49,728$122,686$48,937
— other$884$6,461$—$6,355$990
Valuation allowance on state and local DTAs$240,289$71,846$—$—$312,135
(1)Represents recoveries and reinstatements of accounts previously written off for uncollectible accounts.
(2)Represents the write-off of accounts considered to be uncollectible.
(3)Starting in 2018, valuation allowances are now being recorded against federal and state DTA's related to disallowed business interest and certain employee remuneration, in addition to the state and local DTA's in the prior years presented.
(4)Amounts relate to the FES Debtors and are included in discontinued operations. See Note 3, "Discontinued Operations" for additional information.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

FIRSTENERGY CORP.
BY:/s/ Charles E. Jones
Charles E. Jones
President and Chief Executive Officer

Date: February 10, 2020

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated:

/s/ Charles E. Jones
Charles E. Jones
President and Chief Executive Officer and Director
(Principal Executive Officer)
/s/ Donald T. Misheff
Donald T. Misheff
Director
(Non-Executive Chairman of Board)
/s/ Steven E. Strah/s/ Jason J. Lisowski
Steven E. StrahJason J. Lisowski
Senior Vice President and Chief Financial OfficerVice President, Controller and Chief Accounting Officer
(Principal Financial Officer)(Principal Accounting Officer)
/s/ Michael J. Anderson/s/ Christopher D. Pappas
Michael J. AndersonChristopher D. Pappas
DirectorDirector
/s/ Steven J. Demetriou/s/ Sandra Pianalto
Steven J. DemetriouSandra Pianalto
DirectorDirector
/s/ Julia L. Johnson/s/ Luis A. Reyes
Julia L. JohnsonLuis A. Reyes
DirectorDirector
/s/ Thomas N. Mitchell/s/ Leslie M. Turner
Thomas N. MitchellLeslie M. Turner
DirectorDirector
/s/ James F. O'Neil III
James F. O'Neil III
Director

Date: February 10, 2020

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