EXHIBIT 12
FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended | ||||||||
September 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in millions) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 580 | $ | 754 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 629 | 759 | ||||||
Provision for income taxes | 364 | 430 | ||||||
Interest element of rentals charged to income (a) | 114 | 122 | ||||||
Earnings as defined | $ | 1,687 | $ | 2,065 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 629 | $ | 759 | ||||
Interest element of rentals charged to income (a) | 114 | 122 | ||||||
Fixed charges as defined | $ | 743 | $ | 881 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.27 | 2.34 | ||||||
(a) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined. |
EXHIBIT 12
FIRSTENERGY SOLUTIONS CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended | ||||||||
September 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 177,125 | $ | 667,766 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 157,922 | 99,488 | ||||||
Provision for income taxes | 107,833 | 372,175 | ||||||
Interest element of rentals charged to income (a) | 68,562 | 71,641 | ||||||
Earnings as defined | $ | 511,442 | $ | 1,211,070 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 157,922 | $ | 99,488 | ||||
Interest element of rentals charged to income (a) | 68,562 | 71,641 | ||||||
Fixed charges as defined | $ | 226,484 | $ | 171,129 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.26 | 7.08 | ||||||
(a) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined. |
EXHIBIT 12
OHIO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended | ||||||||
September 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 119,737 | $ | 80,011 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 66,440 | 67,717 | ||||||
Provision for income taxes | 60,797 | 36,742 | ||||||
Interest element of rentals charged to income (a) | 47,972 | 52,756 | ||||||
Earnings as defined | $ | 294,946 | $ | 237,226 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 66,440 | $ | 67,717 | ||||
Interest element of rentals charged to income (a) | 47,972 | 52,756 | ||||||
Fixed charges as defined | $ | 114,412 | $ | 120,473 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.58 | 1.97 | ||||||
(a) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined. |
EXHIBIT 12
THE CLEVELAND ELECTRIC ILLUMINATING COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended | ||||||||
September 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 60,866 | $ | (32,290 | ) | |||
Interest and other charges, before reduction for amounts capitalized and deferred | 100,267 | 100,819 | ||||||
Provision for income taxes | 33,107 | (25,290 | ) | |||||
Interest element of rentals charged to income (a) | 1,338 | 1,912 | ||||||
Earnings as defined | $ | 195,578 | $ | 45,151 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 100,267 | $ | 100,819 | ||||
Interest element of rentals charged to income (a) | 1,338 | 1,912 | ||||||
Fixed charges as defined | $ | 101,605 | $ | 102,731 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.92 | (b | ) | |||||
(a) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined. | |
(b) | The earnings as defined in 2009 would need to increase $57,580,000 for the fixed charge ratio to be 1.0. |
EXHIBIT 12
THE TOLEDO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended | ||||||||
September 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 27,821 | $ | 14,497 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 31,421 | 25,649 | ||||||
Provision for income taxes | 13,241 | 3,123 | ||||||
Interest element of rentals charged to income (a) | 23,924 | 26,159 | ||||||
Earnings as defined | $ | 96,407 | $ | 69,428 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 31,421 | $ | 25,649 | ||||
Interest element of rentals charged to income (a) | 23,924 | 26,159 | ||||||
Fixed charges as defined | $ | 55,345 | $ | 51,808 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.74 | 1.34 | ||||||
(a) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined. |
EXHIBIT 12
JERSEY CENTRAL POWER & LIGHT COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended | ||||||||
September 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 161,971 | $ | 127,782 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 90,508 | 90,659 | ||||||
Provision for income taxes | 121,491 | 95,834 | ||||||
Interest element of rentals charged to income (a) | 4,822 | 5,467 | ||||||
Earnings as defined | $ | 378,792 | $ | 319,742 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 90,508 | $ | 90,659 | ||||
Interest element of rentals charged to income (a) | 4,822 | 5,467 | ||||||
Fixed charges as defined | $ | 95,330 | $ | 96,126 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 3.97 | 3.33 | ||||||
(a) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined. |
EXHIBIT 12
METROPOLITAN EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended | ||||||||
September 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 43,664 | $ | 37,370 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 39,812 | 42,502 | ||||||
Provision for income taxes | 30,968 | 21,027 | ||||||
Interest element of rentals charged to income (a) | 1,642 | 1,647 | ||||||
Earnings as defined | $ | 116,086 | $ | 102,546 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 39,812 | $ | 42,502 | ||||
Interest element of rentals charged to income (a) | 1,642 | 1,647 | ||||||
Fixed charges as defined | $ | 41,454 | $ | 44,149 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.80 | 2.32 | ||||||
(a) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined. |
EXHIBIT 12
PENNSYLVANIA ELECTRIC COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended | ||||||||
September 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 50,089 | $ | 49,307 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 52,501 | 36,690 | ||||||
Provision for income taxes | 28,280 | 29,393 | ||||||
Interest element of rentals charged to income (a) | 2,538 | 2,324 | ||||||
Earnings as defined | $ | 133,408 | $ | 117,714 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 52,501 | $ | 36,690 | ||||
Interest element of rentals charged to income (a) | 2,538 | 2,324 | ||||||
Fixed charges as defined | $ | 55,039 | $ | 39,014 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.42 | 3.02 | ||||||
(a) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined. |