Discontinued — last reported Q3 '23
Derivative revenue — Late payment charges
FirstEnergy Derivative revenue — Late payment charges remained flat by 0.0% to $10M in Q3 2023 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $10M to $10M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase may indicate deteriorating customer credit quality or economic stress, while a decrease suggests improved payment timeliness or more effective collection processes.
Detailed definition
This metric represents the revenue generated from fees assessed to utility customers who fail to remit payment by the es...
Peer comparison
Most regulated utilities report late payment fees as 'other operating revenue' or 'miscellaneous service revenue,' making this comparable to similar line items in peer utility financial disclosures.
fe_segment_derivative_revenue_late_payment_chargesHistorical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $2M | $9M | $10M | $9M | $10M | $11M | $10M | $10M |
| QoQ Change | — | +350.0% | +11.1% | -10.0% | +11.1% | +10.0% | -9.1% | +0.0% |
| YoY Change | — | — | — | +350.0% | +11.1% | +10.0% | +11.1% | +0.0% |
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Frequently Asked Questions
- What is FirstEnergy's derivative revenue — late payment charges?
- FirstEnergy (FE) reported derivative revenue — late payment charges of $10M in Q3 2023.
- How has FirstEnergy's derivative revenue — late payment charges changed year-over-year?
- FirstEnergy's derivative revenue — late payment charges decreased by 0.0% year-over-year, from $10M to $10M.
- What does derivative revenue — late payment charges mean?
- Revenue collected from utility customers as penalties for late bill payments.