EXHIBIT 12
FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended | ||||||||
June 30 | ||||||||
2011 | 2010 | |||||||
(Dollars in millions) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 216 | $ | 405 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 496 | 421 | ||||||
Provision for income taxes | 179 | 245 | ||||||
Interest element of rentals charged to income (a) | 74 | 77 | ||||||
Earnings as defined | $ | 965 | $ | 1,148 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 496 | $ | 421 | ||||
Interest element of rentals charged to income (a) | 74 | 77 | ||||||
Fixed charges as defined | $ | 570 | $ | 498 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.69 | 2.31 | ||||||
(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
Six Months Ended | ||||||||
June 30 | ||||||||
2011 | 2010 | |||||||
(Dollars in millions) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 56 | $ | 214 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 108 | 106 | ||||||
Provision for income taxes | 24 | 113 | ||||||
Interest element of rentals charged to income (a) | 44 | 46 | ||||||
Earnings as defined | $ | 232 | $ | 479 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 108 | $ | 106 | ||||
Interest element of rentals charged to income (a) | 44 | 46 | ||||||
Fixed charges as defined | $ | 152 | $ | 152 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.53 | 3.15 | ||||||
(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
Six Months Ended | ||||||||
June 30 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 68,765 | $ | 73,484 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 44,156 | 44,465 | ||||||
Provision for income taxes | 34,029 | 31,465 | ||||||
Interest element of rentals charged to income (a) | 29,048 | 32,386 | ||||||
Earnings as defined | $ | 175,998 | $ | 181,800 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 44,156 | $ | 44,465 | ||||
Interest element of rentals charged to income (a) | 29,048 | 32,386 | ||||||
Fixed charges as defined | $ | 73,204 | $ | 76,851 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.40 | 2.37 | ||||||
(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
Six Months Ended | ||||||||
June 30 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 35,050 | $ | 35,918 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 65,213 | 66,883 | ||||||
Provision for income taxes | 10,645 | 19,628 | ||||||
Interest element of rentals charged to income (a) | 889 | 896 | ||||||
Earnings as defined | $ | 111,797 | $ | 123,325 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 65,213 | $ | 66,883 | ||||
Interest element of rentals charged to income (a) | 889 | 896 | ||||||
Fixed charges as defined | $ | 66,102 | $ | 67,779 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.69 | 1.82 | ||||||
(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 TOLEDO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended | ||||||||
June 30 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 17,408 | $ | 14,725 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 20,858 | 20,942 | ||||||
Provision for income taxes | 3,164 | 6,330 | ||||||
Interest element of rentals charged to income (a) | 14,586 | 16,139 | ||||||
Earnings as defined | $ | 56,016 | $ | 58,136 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 20,858 | $ | 20,942 | ||||
Interest element of rentals charged to income (a) | 14,586 | 16,139 | ||||||
Fixed charges as defined | $ | 35,444 | $ | 37,081 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.58 | 1.57 | ||||||
(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
Six Months Ended | ||||||||
June 30 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 61,314 | $ | 79,119 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 61,839 | 60,213 | ||||||
Provision for income taxes | 48,461 | 57,051 | ||||||
Interest element of rentals charged to income (a) | 2,967 | 3,283 | ||||||
Earnings as defined | $ | 174,581 | $ | 199,666 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 61,839 | $ | 60,213 | ||||
Interest element of rentals charged to income (a) | 2,967 | 3,283 | ||||||
Fixed charges as defined | $ | 64,806 | $ | 63,496 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.69 | 3.14 | ||||||
(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
Six Months Ended | ||||||||
June 30 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 39,365 | $ | 29,424 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 26,187 | 26,775 | ||||||
Provision for income taxes | 19,232 | 20,884 | ||||||
Interest element of rentals charged to income (a) | 719 | 1,078 | ||||||
Earnings as defined | $ | 85,503 | $ | 78,161 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 26,187 | $ | 26,775 | ||||
Interest element of rentals charged to income (a) | 719 | 1,078 | ||||||
Fixed charges as defined | $ | 26,906 | $ | 27,853 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 3.18 | 2.81 | ||||||
(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
Six Months Ended | ||||||||
June 30 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 32,024 | $ | 30,273 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 34,595 | 34,920 | ||||||
Provision for income taxes | 25,356 | 22,969 | ||||||
Interest element of rentals charged to income (a) | 1,702 | 1,668 | ||||||
Earnings as defined | $ | 93,677 | $ | 89,830 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 34,595 | $ | 34,920 | ||||
Interest element of rentals charged to income (a) | 1,702 | 1,668 | ||||||
Fixed charges as defined | $ | 36,297 | $ | 36,588 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.58 | 2.46 | ||||||
(a) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined |