Allegheny Power 2013 Annual Report Download - page 107
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92
FirstEnergy Years ended December 31,
Stock-based Compensation Plan 2013 2012 2011
(In millions)
Restricted Stock and Restricted Stock Units $ 42 $ 42 $ 29
Stock Options — 1 1
Performance Shares (10) 5 3
401(k) Savings Plan 25 37 31
EDCP (2) — 6
DCPD 5 4 4
Total $ 60 $ 89 $ 74
Stock-based compensation costs capitalized $ 20 $ 29 $ 21
FES Years ended December 31,
Stock-based Compensation Plan 2013 2012 2011
(In millions)
Restricted Stock and Restricted Stock Units $ 6 $ 6 $ 4
Performance Shares (1) 1 1
401(k) Savings Plan 4 6 5
EDCP — — 1
Total $ 9 $ 13 $ 11
Stock-based compensation costs capitalized $ 1 $ 1 $ —
Tax benefits associated with stock based compensation plan expense was $23 million, $11 million and $10 million (FES - $1 million,
$2 million and $2 million) for the years ended 2013, 2012 and 2011, respectively.
5. TAXES
FirstEnergy records income taxes in accordance with the liability method of accounting. Deferred income taxes reflect the net tax
effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the
amounts recognized for tax purposes. Investment tax credits, which were deferred when utilized, are being amortized over the
recovery period of the related property. Deferred income tax liabilities related to temporary tax and accounting basis differences
and tax credit carryforward items are recognized at the statutory income tax rates in effect when the liabilities are expected to be
paid. Deferred tax assets are recognized based on income tax rates expected to be in effect when they are settled.