EXHIBIT 12
FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended | ||||||||
March 31 | ||||||||
2011 | 2010 | |||||||
(Dollars in millions) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 45 | $ | 149 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 231 | 214 | ||||||
Provision for income taxes | 78 | 111 | ||||||
Interest element of rentals charged to income (a) | 36 | 39 | ||||||
Earnings as defined | $ | 390 | $ | 513 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 231 | $ | 214 | ||||
Interest element of rentals charged to income (a) | 36 | 39 | ||||||
Fixed charges as defined | $ | 267 | $ | 253 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.46 | 2.03 | ||||||
(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
Three Months Ended | ||||||||
March 31 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 35,934 | $ | 79,926 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 53,977 | 51,949 | ||||||
Provision for income taxes | 20,116 | 44,371 | ||||||
Interest element of rentals charged to income (a) | 21,798 | 22,986 | ||||||
Earnings as defined | $ | 131,825 | $ | 199,232 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 53,977 | $ | 51,949 | ||||
Interest element of rentals charged to income (a) | 21,798 | 22,986 | ||||||
Fixed charges as defined | $ | 75,775 | $ | 74,935 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.74 | 2.66 | ||||||
(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
Three Months Ended | ||||||||
March 31 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 30,140 | $ | 36,161 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 22,145 | 22,310 | ||||||
Provision for income taxes | 17,491 | 19,609 | ||||||
Interest element of rentals charged to income (a) | 14,713 | 16,415 | ||||||
Earnings as defined | $ | 84,489 | $ | 94,495 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 22,145 | $ | 22,310 | ||||
Interest element of rentals charged to income (a) | 14,713 | 16,415 | ||||||
Fixed charges as defined | $ | 36,858 | $ | 38,725 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.29 | 2.44 | ||||||
(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
Three Months Ended | ||||||||
March 31 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 13,201 | $ | 13,995 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 33,078 | 33,621 | ||||||
Provision for income taxes | 4,436 | 10,843 | ||||||
Interest element of rentals charged to income (a) | 452 | 451 | ||||||
Earnings as defined | $ | 51,167 | $ | 58,910 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 33,078 | $ | 33,621 | ||||
Interest element of rentals charged to income (a) | 452 | 451 | ||||||
Fixed charges as defined | $ | 33,530 | $ | 34,072 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.53 | 1.73 | ||||||
(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
Three Months Ended | ||||||||
March 31 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 5,847 | $ | 7,509 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 10,443 | 10,487 | ||||||
Provision for income taxes | 1,735 | 5,382 | ||||||
Interest element of rentals charged to income (a) | 7,543 | 8,175 | ||||||
Earnings as defined | $ | 25,568 | $ | 31,553 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 10,443 | $ | 10,487 | ||||
Interest element of rentals charged to income (a) | 7,543 | 8,175 | ||||||
Fixed charges as defined | $ | 17,986 | $ | 18,662 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.42 | 1.69 | ||||||
(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
Three Months Ended | ||||||||
March 31 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 19,553 | $ | 29,226 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 30,682 | 29,928 | ||||||
Provision for income taxes | 18,078 | 23,530 | ||||||
Interest element of rentals charged to income (a) | 1,529 | 1,646 | ||||||
Earnings as defined | $ | 69,842 | $ | 84,330 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 30,682 | $ | 29,928 | ||||
Interest element of rentals charged to income (a) | 1,529 | 1,646 | ||||||
Fixed charges as defined | $ | 32,211 | $ | 31,574 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.17 | 2.67 | ||||||
(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
Three Months Ended | ||||||||
March 31 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 22,587 | $ | 12,315 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 13,057 | 13,773 | ||||||
Provision for income taxes | 5,951 | 12,266 | ||||||
Interest element of rentals charged to income (a) | 280 | 517 | ||||||
Earnings as defined | $ | 41,875 | $ | 38,871 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 13,057 | $ | 13,773 | ||||
Interest element of rentals charged to income (a) | 280 | 517 | ||||||
Fixed charges as defined | $ | 13,337 | $ | 14,290 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 3.14 | 2.72 | ||||||
(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
Three Months Ended | ||||||||
March 31 | ||||||||
2011 | 2010 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 17,306 | $ | 17,299 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 17,234 | 17,290 | ||||||
Provision for income taxes | 11,788 | 17,157 | ||||||
Interest element of rentals charged to income (a) | 875 | 878 | ||||||
Earnings as defined | $ | 47,203 | $ | 52,624 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 17,234 | $ | 17,290 | ||||
Interest element of rentals charged to income (a) | 875 | 878 | ||||||
Fixed charges as defined | $ | 18,109 | $ | 18,168 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.61 | 2.90 | ||||||
(a) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined |