| EXHIBIT 12.6 | |||||||||||||||||
| Page 1 | |||||||||||||||||
| JERSEY CENTRAL POWER & LIGHT 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 | $ | 64,277 | $ | 107,626 | $ | 182,927 | $ | 190,607 | $ | 186,108 | |||||||
| Interest and other charges, before reduction for amounts capitalized | |||||||||||||||||
| and deferred | 96,290 | 86,111 | 85,519 | 94,035 | 107,232 | ||||||||||||
| Provision for income taxes | 48,609 | 97,205 | 135,846 | 146,731 | 149,056 | ||||||||||||
| Interest element of rentals charged to income (a) | 5,374 | 7,589 | 7,091 | 8,838 | 7,976 | ||||||||||||
| Earnings as defined | $ | 214,550 | $ | 298,531 | $ | 411,383 | $ | 440,211 | $ | 450,372 | |||||||
| FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||||||||||||
| Interest before reduction for amounts capitalized and deferred | $ | 90,943 | $ | 86,111 | $ | 85,519 | $ | 94,035 | $ | 107,232 | |||||||
| Subsidiary's preferred stock dividend requirements | 5,347 | - | - | - | - | ||||||||||||
| Interest element of rentals charged to income (a) | 5,374 | 7,589 | 7,091 | 8,838 | 7,976 | ||||||||||||
| Fixed charges as defined | $ | 101,664 | $ | 93,700 | $ | 92,610 | $ | 102,873 | $ | 115,208 | |||||||
| CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.11 | 3.19 | 4.44 | 4.28 | 3.91 | ||||||||||||
(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 12.6 | ||||||||||||||||||
| Page 2 | ||||||||||||||||||
| JERSEY CENTRAL POWER & LIGHT 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 | $ | 64,277 | $ | 107,626 | $ | 182,927 | $ | 190,607 | $ | 186,108 | ||||||||
| Interest and other charges, before reduction for amounts capitalized | ||||||||||||||||||
| and deferred | 96,290 | 86,111 | 85,519 | 94,035 | 107,232 | |||||||||||||
| Provision for income taxes | 48,609 | 97,205 | 135,846 | 146,731 | 149,056 | |||||||||||||
| Interest element of rentals charged to income (a) | 5,374 | 7,589 | 7,091 | 8,838 | 7,976 | |||||||||||||
| Earnings as defined | $ | 214,550 | $ | 298,531 | $ | 411,383 | $ | 440,211 | $ | 450,372 | ||||||||
| 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 | $ | 90,943 | $ | 86,111 | $ | 85,519 | $ | 94,035 | $ | 107,232 | ||||||||
| Preferred stock dividend requirements | 5,235 | 500 | 500 | 1,018 | - | |||||||||||||
| Adjustments to preferred stock dividends | ||||||||||||||||||
| to state on a pre-income tax basis | (85) | 452 | 371 | 784 | - | |||||||||||||
| Interest element of rentals charged to income (a) | 5,374 | 7,589 | 7,091 | 8,838 | 7,976 | |||||||||||||
| Fixed charges as defined plus preferred stock | ||||||||||||||||||
| dividend requirements (pre-income tax basis) | $ | 101,467 | $ | 94,652 | $ | 93,481 | $ | 104,675 | $ | 115,208 | ||||||||
| CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||
| PLUS PREFERRED STOCK DIVIDEND REQUIREMENTS | ||||||||||||||||||
| (PRE-INCOME TAX BASIS) | 2.11 | 3.15 | 4.40 | 4.21 | 3.91 | |||||||||||||
(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined. | ||||||||||||||||||