FirstEnergy Solutions Inactive 10-K2009 FY Annual report

Filed: 19 Feb 10, 12:00am

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New words: abandon, abeyance, accompanying, accomplish, accrual, accuracy, accurately, actuarial, adaptation, afforestation, aggressive, aggressively, amply, antitrust, AOCL, appellate, approcimately, ARIPPA, ARO, ascertained, asphalt, Atlantic, atmospheric, attestation, authenticated, banc, baseload, Basin, battery, BB, BBB, belief, Belmont, benchmark, blend, BPU, Brazil, Brennan, Broker, Btu, caption, carryforward, casualty, category, cavern, ceased, Center, centered, cessation, chain, channel, character, characterized, charter, check, China, chose, CitiBank, clause, closure, CMEC, Codification, coincide, Coincident, collaboration, collaborative, composite, compounded, concept, condensed, confidential, conform, conformity, consequential, Constellation, construed, content, contributory, convert, converted, convertible, Copenhagen, core, correlate, correlated, corroborated, Corzine, COSO, count, coupled, CRA, craft, Creek, criterion, cumulative, custodian, Cuyahoga, cycle, database, DC, DCPD, de, deadline, death, decertified, decertify, decertifying, deficit, denominator, departmental, deployed, deploying, depreciable, depreciated, depreciation, derecognition, destructive, detect, detection, devoted, diluted, dilutive, disability, disaggregation, disclaim, discount, discounted, discovered, Disease, disposition, diversification, divested, doctrine, DPA, driven, driver, dropped, earlier, earnest, EDCP, EEI, Element, eleven, eligible, en, encountered, endangerment, equitable, ESOP, European, evidenced, Evolution, excellence, excise, exclusive, exclusively, excused, expansion, explore, exploring, extract, factor, factual, faith, FD, FELHC, Fiber, field, fired, fiscal, forfeited, forfeiture, Fremont, FRR, Geauga, geological, GEXA, Glossary, Gold, good, Gorge, gradual, gradually, graph, green, headquartered, heat, heating, hexafluoride, hierarchy, highest, hired, history, holder, horizon, hypothetical, IBEW, ideal, ILP, implied, inactive, inception, incidental, incororaetd, incorrect, India, Indiana, ineffective, ineligible, inside, insufficient, interactivity, intercompany, interlocutory, intermittent, intersegment, interview, isolated, jurisdiction, jurisdictional, Kevin, kind, land, lapse, larger, launch, lawsuit, leadership, leave, leaving, LEED, legacy, lesser, leverage, LIBOR, lien, LOC, lock, LSE, LTIP, Lynch, macro, MACT, majeure, managerial, mandated, MARBEL, marshaled, medical, Medicare, mentioned, merge, metric, micro, mild, misrepresentation, Mission, misstatement, mode, motivate, motor, municipal, negligence, negligent, newest, Ninetieth, nitrogen, NNSR, noncancelable, noncontributory, noncontrolling, Noncurrent, nondefaulting, nonpayment, nonperformance, nonrecurring, NOPEC, Norton, notch, notional, observable, observation, observed, observing, Oceanview, OCI, online, OPEB, orderly, outflow, overfunded, overtime, oxidation, Oyster, pace, paper, parent, parental, Park, payout, payroll, PCRB, peer, personnel, phenomena, pictured, placement, PNBV, point, pond, Poor, pose, Powder, Powerspan, PRA, precipitation, precisely, precluded, premium, prepaid, principle, priority, progression, promise, proportion, proprietary, proven, PSA, PSD, PSEG, pump, Pumped, punitive, pursuit, QSPE, qualitative, quantifiable, quantified, quantitative, quantity, ranking, ratemaking, RBS, realignment, reallocated, recession, recessionary, recirculation, reclamation, reclassified, recognition, reconfigured, reconvened, recurring, redemption, redeploy, refueling, Refuse, Registry, regular, reinvested, Reinvestment, remeasure, remeasured, remeasurement, remittance, remote, rental, repay, repayment, representation, rescind, reset, retention, retiree, revocation, rewritten, roll, round, RTEP, Russia, sample, sampling, satisfactory, save, scientific, seal, sense, sequestration, Shadyside, shareholder, Shippingport, shorter, slice, slight, sludge, societal, soft, sooner, sorbent, sound, space, speculative, speed, SSO, stand, standby, stationary, steady, steam, stewardship, store, Stratton, strive, strong, submittal, sulfur, summarize, summarized, summertime, Sumpter, Superior, surety, surface, surviving, swap, symbol, Symposium, tailored, tangible, taxable, Taxation, TBC, technique, telecommunication, thirty, threat, threaten, threshold, thrive, throughput, tied, timeframe, Title, tolerance, Topic, Toronto, tort, tower, tpy, track, Treasury, treated, turbine, ultimte, unadjusted, unanimously, unauthorized, unbilled, underfunded, underway, undisclosed, undiscounted, unfunded, unobservable, unprecedented, unqualified, unrealized, unrecognized, unrestricted, unsuccessful, unusually, unvested, VERO, vested, vesting, VIE, virtually, vision, wage, warrant, Warren, wave, weaker, weekly, welfare, Westside, won, yearend

Removed: accepting, ad, alternatively, Bush, Canada, CEO, circulated, clarifying, Conservatively, demonstrate, desulfurization, deterioration, discriminatory, DRA, draft, EIS, flue, head, hear, hoc, intensity, iv, Manual, Murray, neutral, NYSE, omitted, premature, print, publication, PUHCA, ratepayer, Register, repeal, scenario, Secretary, Stephen, subsidization, Task, Telecom, uncommitted, unnecessary, utilizing, vessel, Welsh, withdrawn

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EXHIBIT 12.4

Page 1

THE CLEVELAND ELECTRIC ILLUMINATING COMPANY

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,
	2005		2006		2007		2008		2009 (b)
	(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
Income before extraordinary items	$	233,101	$	307,946	$	278,283	$	286,486	$	(10,992	)
Interest and other charges, before reduction for amounts capitalized
and deferred		132,226		141,710		138,977		125,976		137,171
Provision for income taxes		153,014		188,662		163,363		136,786		(10,183	)
Interest element of rentals charged to income (a)		47,643		45,955		29,829		1,919		2,380

Earnings as defined	$	565,984	$	684,273	$	610,452	$	551,167	$	118,376

FIXED CHARGES AS DEFINED IN REGULATION S-K:
Interest before reduction for amounts capitalized and deferred	$	132,226	$	141,710	$	138,977	$	125,976	$	137,171
Interest element of rentals charged to income (a)		47,643		45,955		29,829		1,919		2,380

Fixed charges as defined	$	179,869	$	187,665	$	168,806	$	127,895	$	139,551

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES		3.15		3.65		3.62		4.31		0.85





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

(b) The earnings as defined in 2009 would need to increase $21,175,000 for the fixed charge ratio to be 1.0.

EXHIBIT 12.4

Page 2

THE CLEVELAND ELECTRIC ILLUMINATING COMPANY

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

	Year Ended December 31,
	2005		2006		2007		2008		2009 (b)
	(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
Income before extraordinary items	$	233,101	$	307,946	$	278,283	$	286,486	$	(10,992	)
Interest and other charges, before reduction for amounts capitalized
and deferred		132,226		141,710		138,977		125,976		137,171
Provision for income taxes		153,014		188,662		163,363		136,786		(10,183	)
Interest element of rentals charged to income (a)		47,643		45,955		29,829		1,919		2,380

Earnings as defined	$	565,984	$	684,273	$	610,452	$	551,167	$	118,376

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	$	132,226	$	141,710	$	138,977	$	125,976	$	137,171
Preferred stock dividend requirements		2,918		-		-		-		-
Adjustments to preferred stock dividends
to state on a pre-income tax basis		1,932		-		-		-		-
Interest element of rentals charged to income (a)		47,643		45,955		29,829		1,919		2,380

Fixed charges as defined plus preferred stock
dividend requirements (pre-income tax basis)	$	184,719	$	187,665	$	168,806	$	127,895	$	139,551

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
PLUS PREFERRED STOCK DIVIDEND REQUIREMENTS
(PRE-INCOME TAX BASIS)		3.06		3.65		3.62		4.31		0.85




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

(b) The earnings as defined in 2009 would need to increase $21,175,000 for the fixed charge ratio to be 1.0.