FirstEnergy (FE) 10-Q 2006 Q2 Quarterly report

EXHIBIT 12

FIRSTENERGY CORP.

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

	Six Months Ended
	June 30,
	2006		2005
	(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
Income before extraordinary items	$	524,916	$	319,795
Interest and other charges, before reduction for
amounts capitalized		347,830		336,644
Provision for income taxes		350,598		362,550
Interest element of rentals charged to income (a)		112,798		121,457
Earnings as defined	$	1,336,142	$	1,140,446
FIXED CHARGES AS DEFINED IN REGULATION S-K:
Interest expense	$	343,515	$	326,358
Subsidiaries’ preferred stock dividend requirements		4,315		10,286
Adjustments to subsidiaries’ preferred stock dividends
to state on a pre-income tax basis		2,882		11,661
Interest element of rentals charged to income (a)		112,798		121,457
Fixed charges as defined	$	463,510	$	469,762
CONSOLIDATED RATIO OF EARNINGS TO FIXED
CHARGES		2.88		2.43

_____________________

(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

Page 1

OHIO EDISON COMPANY

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

	Six Months Ended
	June 30,
	2006		2005
	(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
Income before extraordinary items	$	123,039	$	103,853
Interest and other charges, before reduction for
amounts capitalized		35,909		40,983
Provision for income taxes		73,337		148,073
Interest element of rentals charged to income (a)		44,831		50,744
Earnings as defined	$	277,116	$	343,653
FIXED CHARGES AS DEFINED IN REGULATION S-K:
Interest on long-term debt	$	26,564	$	31,340
Other interest expense		9,034		8,265
Subsidiaries’ preferred stock dividend requirements		311		1,378
Adjustments to subsidiaries’ preferred stock dividends
to state on a pre-income tax basis		194		1,080
Interest element of rentals charged to income (a)		44,831		50,744
Fixed charges as defined	$	80,934	$	92,807
CONSOLIDATED RATIO OF EARNINGS TO FIXED
CHARGES		3.42		3.70

___________________

(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

Page 2

OHIO EDISON COMPANY

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES PLUS

PREFERRED STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS)

	Six Months Ended
	June 30,
	2006		2005
	(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
Income before extraordinary items	$	123,039	$	103,853
Interest and other charges, before reduction for amounts capitalized		35,909		40,983
Provision for income taxes		73,337		148,073
Interest element of rentals charged to income (a)		44,831		50,744
Earnings as defined	$	277,116	$	343,653
FIXED CHARGES AS DEFINED IN REGULATION S-K PLUS PREFERRED STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS):
Interest on long-term debt	$	26,564	$	31,340
Other interest expense		9,034		8,265
Preferred stock dividend requirements		4,557		2,695
Adjustments to preferred stock dividends
to state on a pre-income tax basis		2,682		2,858
Interest element of rentals charged to income (a)		44,831		50,744
Fixed charges as defined plus preferred stock
dividend requirements (pre-income tax basis)	$	87,668	$	95,902
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
PLUS PREFERRED STOCK DIVIDEND REQUIREMENTS
(PRE-INCOME TAX BASIS)		3.16		3.58

___________________

(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

Page 1

JERSEY CENTRAL POWER & LIGHT COMPANY

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

	Six Months Ended
	June 30,
	2006		2005
			Restated
	(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
Income before extraordinary items	$	73,986	$	67,752
Add-
Interest and other charges, before reduction for
amounts capitalized		45,585		42,829
Provision for income taxes		62,190		55,939
Interest element of rentals charged to income (a)		3,474		3,665
Earnings as defined	$	185,235	$	170,185
FIXED CHARGES AS DEFINED IN REGULATION S-K:
Interest on long-term debt	$	36,467	$	38,681
Other interest expense		9,118		4,148
Interest element of rentals charged to income (a)		3,474		3,665
Fixed charges as defined	$	49,059	$	46,494
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES		3.78		3.66

_________________________

(a)Includes the interest element of rentals calculated at 1/3 of rental expense as no readily defined interest element can be determined.

EXHIBIT 12

Page 2

JERSEY CENTRAL POWER & LIGHT COMPANY

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES PLUS PREFERRED

STOCK DIVIDEND REQUIREMENTS

	Six Months Ended
	June 30,
	2006		2005
			Restated
	(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
Income before extraordinary items	$	73,986	$	67,752
Add-
Interest and other charges, before reduction for
amounts capitalized		45,585		42,829
Provision for income taxes		62,190		55,939
Interest element of rentals charged to income (a)		3,474		3,665
Earnings as defined	$	185,235	$	170,185
FIXED CHARGES AS DEFINED IN REGULATION S-K PLUS PREFERRED
STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS):
Interest on long-term debt	$	36,467	$	38,681
Other interest expense		9,118		4,148
Preferred stock dividend requirements		250		250
Adjustment to preferred stock dividends
to state on a pre-income tax basis		210		206
Interest element of rentals charged to income (a)		3,474		3,665
Fixed charges as defined plus preferred stock dividend requirements
(pre-income tax basis)	$	49,519	$	46,950
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
PLUS PREFERRED STOCK DIVIDEND REQUIREMENTS
(PRE-INCOME TAX BASIS)		3.74		3.62

_________________________

(a)Includes the interest element of rentals calculated at 1/3 of rental expense as 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,
	2006		2005
	(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
Income before extraordinary items	$	57,991	$	32,139
Add-
Interest and other charges, before reduction for
amounts capitalized		23,255		22,621
Provision for income taxes		40,759		21,325
Interest element of rentals charged to income (a)		725		938
Earnings as defined	$	122,730	$	77,023
FIXED CHARGES AS DEFINED IN REGULATION S-K:
Interest on long-term debt	$	17,470	$	18,945
Other interest expense		5,785		3,676
Interest element of rentals charged to income (a)		725		938
Fixed charges as defined	$	23,980	$	23,559
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES		5.12		3.27

(a)Includes the interest element of rentals calculated at 1/3 of rental expense as 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,
	2006		2005
	(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
Income before extraordinary items	$	38,606	$	27,221
Add-
Interest and other charges, before reduction for
amounts capitalized		22,135		19,738
Provision for income taxes		28,518		18,940
Interest element of rentals charged to income (a)		1,567		1,672
Earnings as defined	$	90,826	$	67,571
FIXED CHARGES AS DEFINED IN REGULATION S-K:
Interest on long-term debt	$	13,916	$	14,882
Other interest expense		8,219		4,856
Interest element of rentals charged to income (a)		1,567		1,672
Fixed charges as defined	$	23,702	$	21,410
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES		3.83		3.16

_________________________

(a)Includes the interest element of rentals calculated at 1/3 of rental expense as no readily defined interest element can be determined.