FirstEnergy Solutions Inactive 10-K2007 FY Annual report

Filed: 29 Feb 08, 12:00am

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Readability	7th grade Avg

New words: absence, AC, advanced, advocacy, AIG, altered, Ameren, answer, AQC, arguing, asserted, Atomic, avoid, Babcock, Bali, begun, beneficiary, boost, bordering, bound, BPJ, breach, bring, built, bundled, burden, Burger, Byrd, Calpine, carbon, CFR, Chairman, Chatman, choice, citizen, classified, clear, commerce, compel, Compromised, conceding, concentrated, confidence, contested, contesting, convened, costly, counterclaim, cubic, degree, departure, detailed, detailing, DFI, diminished, disagreement, divided, Donald, Eastlake, embodied, empty, escalated, eventually, evolve, Exelon, exert, exit, exiting, feet, Ferguson, FPA, frequently, GAAP, Gary, gathering, geothermal, guarantor, Hagan, House, hybrid, hydroelectric, identical, ignite, impermissible, implicated, intent, intracompany, introduced, irrevocably, Joseph, judgment, LAR, legislature, likewise, lowest, match, Mcf, mediator, merchant, minimize, Missouri, native, newly, Northeast, notably, notwithstanding, nuisance, officially, opacity, ordinary, outlay, pancaking, passed, Paulette, PennFuture, percentage, political, postretirement, premised, quo, quoted, ready, RECB, receipt, reconcilable, reconciled, reconciliation, reevaluate, ReliabiltyFirst, reopen, reputation, retreat, Rhonda, Roadmap, role, ROP, run, session, shifting, side, Similarly, SNCR, spinning, spread, stack, staggered, Sublease, subprime, subsidy, substitute, Suisse, suit, Super, systematically, tentative, tranche, unconditionally, unduly, uneconomic, unfavorable, universal, unlimited, unpredictability, unreasonable, unrecovered, unresolved, upheld, vacate, vacated, vast, viability, virtue, waiver, widely, Wilcox, Wisconsin, yield

Removed: accrue, acid, acknowledgement, Advisory, Advocate, age, Allegheny, America, Assistant, auction, background, Baltimore, base, boric, borrow, Brookdale, calendar, Cayci, cogeneration, College, community, compete, Concurrent, cooperated, coordination, corrosion, David, degradation, demographic, demonstration, docket, DPL, Elder, employee, endorsed, enforce, enhancing, establishment, examination, extended, fifteen, formal, Fraud, FSG, gain, Georgian, Goodell, harmonize, home, iii, improving, inquiry, interconnect, interruptible, intersystem, Jaffe, Kennedy, Leila, lessen, liaison, Mack, Maier, median, modified, month, MOU, nation, nationwide, NJ, nonutility, notification, OCC, organizational, participated, particulate, pepco, Perrella, Pico, positive, preceding, prevailing, Princeton, Prudential, reactive, recognizing, Red, resolution, Russell, Savage, securitization, served, shopping, simulated, Southern, subpoena, sum, terminated, testing, timetable, Today, training, treatment, Trenton, twelve, Van, vegetation, view, website, Whitehead, Yoskin

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											EXHIBIT 12.3
											Page 1
OHIO EDISON COMPANY

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

		Year Ended December 31,
			2003		2004		2005		2006		2007
		(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
Income before extraordinary items		$	292,925	$	342,766	$	330,398	$	211,639	$	197,166
Interest and other charges, before reduction for amounts capitalized
	and deferred		116,868		74,051		77,077		90,952		83,343
Provision for income taxes			241,173		278,303		309,995		123,343		101,273
Interest element of rentals charged to income (a)			107,611		104,239		101,862		89,354		79,954

	Earnings as defined	$	758,577	$	799,359	$	819,332	$	515,288	$	461,736

FIXED CHARGES AS DEFINED IN REGULATION S-K:
Interest before reduction for amounts capitalized and deferred		$	113,137	$	71,491	$	75,388	$	90,356	$	83,343
Subsidiaries’ preferred stock dividend requirements			3,731		2,560		1,689		597		-
Adjustments to subsidiaries’ preferred stock dividends
	to state on a pre-income tax basis		3,014		1,975		1,351		651		-
Interest element of rentals charged to income (a)			107,611		104,239		101,862		89,354		79,954

	Fixed charges as defined	$	227,493	$	180,265	$	180,290	$	180,958	$	163,297

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES			3.33		4.43		4.54		2.85		2.83





	(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 12.3
											Page 2
OHIO EDISON COMPANY

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES PLUS
PREFERRED STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS)

		Year Ended December 31,
			2003		2004		2005		2006		2007
		(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
Income before extraordinary items		$	292,925	$	342,766	$	330,398	$	211,639	$	197,166
Interest and other charges, before reduction for amounts capitalized
	and deferred		116,868		74,051		77,077		90,952		83,343
Provision for income taxes			241,173		278,303		309,995		123,343		101,273
Interest element of rentals charged to income (a)			107,611		104,239		101,862		89,354		79,954

	Earnings as defined	$	758,577	$	799,359	$	819,332	$	515,288	$	461,736

FIXED CHARGES AS DEFINED IN REGULATION S-K PLUS
	PREFERRED STOCK DIVIDEND REQUIREMENTS
	(PRE-INCOME TAX BASIS):
Interest before reduction for amounts capitalized and deferred		$	113,137	$	71,491	$	75,388	$	90,356	$	83,343
Preferred stock dividend requirements			6,463		5,062		4,324		5,149		-
Adjustments to preferred stock dividends
	to state on a pre-income tax basis		5,264		4,072		3,758		3,263		-
Interest element of rentals charged to income (a)			107,611		104,239		101,862		89,354		79,954

Fixed charges as defined plus preferred stock
	dividend requirements (pre-income tax basis)	$	232,475	$	184,864	$	185,332	$	188,122	$	163,297

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
	PLUS PREFERRED STOCK DIVIDEND REQUIREMENTS
	(PRE-INCOME TAX BASIS)		3.26		4.32		4.42		2.74		2.83




	(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.

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