EXHIBIT 12 | ||||||||
FIRSTENERGY CORP. | ||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2008 | 2007 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 276,348 | $ | 290,110 | ||||
Interest and other charges, before reduction for amounts capitalized | ||||||||
and deferred | 181,066 | 184,624 | ||||||
Provision for income taxes | 187,024 | 200,341 | ||||||
Interest element of rentals charged to income (a) | 58,344 | 54,985 | ||||||
Earnings as defined | $ | 702,782 | $ | 730,060 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 181,066 | $ | 184,624 | ||||
Interest element of rentals charged to income (a) | 58,344 | 54,985 | ||||||
Fixed charges as defined | $ | 239,410 | $ | 239,609 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.94 | 3.05 | ||||||
___________________ | ||||||||
(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, | ||||||||
2008 | 2007 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 43,909 | $ | 54,035 | ||||
Interest and other charges, before reduction for amounts capitalized | ||||||||
and deferred | 17,641 | 21,022 | ||||||
Provision for income taxes | 26,873 | 17,426 | ||||||
Interest element of rentals charged to income (a) | 19,191 | 21,402 | ||||||
Earnings as defined | $ | 107,614 | $ | 113,885 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 17,641 | $ | 21,022 | ||||
Interest element of rentals charged to income (a) | 19,191 | 21,402 | ||||||
Fixed charges as defined | $ | 36,832 | $ | 42,424 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.92 | 2.68 | ||||||
__________________ | ||||||||
(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, | ||||||||
2008 | 2007 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 21,392 | $ | 31,744 | ||||
Interest and other charges, before reduction for amounts capitalized | ||||||||
and deferred | 15,322 | 11,337 | ||||||
Provision for income taxes | 18,279 | 24,263 | ||||||
Interest element of rentals charged to income (a) | 904 | 829 | ||||||
Earnings as defined | $ | 55,897 | $ | 68,173 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 15,322 | $ | 11,337 | ||||
Interest element of rentals charged to income (a) | 904 | 829 | ||||||
Fixed charges as defined | $ | 16,226 | $ | 12,166 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 3.44 | 5.60 | ||||||
__________________ | ||||||||
(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest | ||||||||
element can be determined. |