EXHIBIT 12-1
FIRSTENERGY SOLUTIONS CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Thousands)
| Year Ended December 31, | ||||
| 2006 | 2005 | 2004 | 2003 | 2002 |
EARNINGS AS DEFINED IN REGULATION S-K: |
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Income before extraordinary items | $ 418,653 | $ 208,560 | $ 322,239 | $152,387 | $ 14,768 |
Interest and other charges, before reduction for amounts capitalized | 189,141 | 196,355 | 181,620 | 170,107 | 187,904 |
Provision for income taxes | 236,348 | 124,499 | 229,575 | 100,759 | 29,451 |
Interest element of rentals charged to income (a) | 1,797 | 1,434 | 1,056 | 1,060 | 1,014 |
Earnings as defined | $ 845,939 | $ 530,848 | $ 734,490 | $424,313 | $233,137 |
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FIXED CHARGES AS DEFINED IN REGULATION S-K: |
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Interest expense | $ 189,141 | $ 196,355 | $ 181,620 | $170,107 | $187,904 |
Interest element of rentals charged to income (a) | 1,797 | 1,434 | 1,056 | 1,060 | 1,014 |
Fixed charges as defined | $ 190,938 | $ 197,789 | $ 182,676 | $171,167 | $188,918 |
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CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 4.43 | 2.68 | 4.02 | 2.48 | 1.23 |
(a)
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.
FIRSTENERGY SOLUTIONS CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Thousands)
| Three Months Ended March 31, | |
| 2007 | 2006 |
EARNINGS AS DEFINED IN REGULATION S-K: |
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Income before extraordinary items | $ 102,504 | $ 37,201 |
Interest and other charges, before reduction for amounts capitalized | 46,804 | 44,323 |
Provision for income taxes | 62,381 | 19,378 |
Interest element of rentals charged to income (a) | 348 | 404 |
Earnings as defined | $ 212,037 | $ 101,306 |
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FIXED CHARGES AS DEFINED IN REGULATION S-K: |
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Interest expense | $ 46,804 | $ 44,323 |
Interest element of rentals charged to income (a) | 348 | 404 |
Fixed charges as defined | $ 47,152 | $ 44,727 |
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CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 4.50 | 2.26 |
(a)
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.