EXHIBIT 12.6
Page 1
JERSEY CENTRAL POWER & LIGHT COMPANY | ||||||||||||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||||||||||||
Income before extraordinary items | $ | 182,927 | $ | 190,607 | $ | 186,108 | $ | 186,988 | $ | 170,499 | ||||||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||||||||||||
and deferred | 85,519 | 94,035 | 107,232 | 106,316 | 121,105 | |||||||||||||||
Provision for income taxes | 135,846 | 146,731 | 149,056 | 148,231 | 108,778 | |||||||||||||||
Interest element of rentals charged to income (a) | 7,091 | 8,838 | 7,976 | 7,702 | 7,063 | |||||||||||||||
Earnings as defined | $ | 411,383 | $ | 440,211 | $ | 450,372 | $ | 449,237 | $ | 407,445 | ||||||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 85,519 | $ | 94,035 | $ | 107,232 | $ | 106,316 | $ | 121,105 | ||||||||||
Interest element of rentals charged to income (a) | 7,091 | 8,838 | 7,976 | 7,702 | 7,063 | |||||||||||||||
Fixed charges as defined | $ | 92,610 | $ | 102,873 | $ | 115,208 | $ | 114,018 | $ | 128,168 | ||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 4.44 | 4.28 | 3.91 | 3.94 | 3.18 | |||||||||||||||
(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, | ||||||||||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||||||||||||
Income before extraordinary items | $ | 182,927 | $ | 190,607 | $ | 186,108 | $ | 186,988 | $ | 170,499 | ||||||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||||||||||||
and deferred | 85,519 | 94,035 | 107,232 | 106,316 | 121,105 | |||||||||||||||
Provision for income taxes | 135,846 | 146,731 | 149,056 | 148,231 | 108,778 | |||||||||||||||
Interest element of rentals charged to income (a) | 7,091 | 8,838 | 7,976 | 7,702 | 7,063 | |||||||||||||||
Earnings as defined | $ | 411,383 | $ | 440,211 | $ | 450,372 | $ | 449,237 | $ | 407,445 | ||||||||||
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 | $ | 85,519 | $ | 94,035 | $ | 107,232 | $ | 106,316 | $ | 121,105 | ||||||||||
Preferred stock dividend requirements | 500 | 1,018 | - | - | - | |||||||||||||||
Adjustments to preferred stock dividends | ||||||||||||||||||||
to state on a pre-income tax basis | 371 | 784 | - | - | - | |||||||||||||||
Interest element of rentals charged to income (a) | 7,091 | 8,838 | 7,976 | 7,702 | 7,063 | |||||||||||||||
Fixed charges as defined plus preferred stock | ||||||||||||||||||||
dividend requirements (pre-income tax basis) | $ | 93,481 | $ | 104,675 | $ | 115,208 | $ | 114,018 | $ | 128,168 | ||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||
PLUS PREFERRED STOCK DIVIDEND REQUIREMENTS | ||||||||||||||||||||
(PRE-INCOME TAX BASIS) | 4.40 | 4.21 | 3.91 | 3.94 | 3.18 | |||||||||||||||
(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined. |