EXHBIT 12
FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30 | |||||||
2011 | 2010 | ||||||
(Dollars in millions) | |||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||
Income before extraordinary items | $ | 725 | $ | 580 | |||
Interest and other charges, before reduction for amounts capitalized and deferred | 763 | 629 | |||||
Provision for income taxes | 490 | 364 | |||||
Interest element of rentals charged to income (a) | 114 | 114 | |||||
Earnings as defined | $ | 2,092 | $ | 1,687 | |||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||
Interest before reduction for amounts capitalized and deferred | $ | 763 | $ | 629 | |||
Interest element of rentals charged to income (a) | 114 | 114 | |||||
Fixed charges as defined | $ | 877 | $ | 743 | |||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.39 | 2.27 |
(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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EXHBIT 12
FIRSTENERGY SOLUTIONS CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30 | |||||||
2011 | 2010 | ||||||
(Dollars in millions) | |||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||
Income before extraordinary items | $ | 166 | $ | 177 | |||
Interest and other charges, before reduction for amounts capitalized and deferred | 161 | 158 | |||||
Provision for income taxes | 98 | 108 | |||||
Interest element of rentals charged to income (a) | 65 | 68 | |||||
Earnings as defined | $ | 490 | $ | 511 | |||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||
Interest before reduction for amounts capitalized and deferred | $ | 161 | $ | 158 | |||
Interest element of rentals charged to income (a) | 65 | 68 | |||||
Fixed charges as defined | $ | 226 | $ | 226 | |||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.17 | 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 |
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EXHBIT 12
OHIO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30 | |||||||
2011 | 2010 | ||||||
(Dollars in millions) | |||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||
Income before extraordinary items | $ | 119 | $ | 119 | |||
Interest and other charges, before reduction for amounts capitalized and deferred | 66 | 66 | |||||
Provision for income taxes | 67 | 61 | |||||
Interest element of rentals charged to income (a) | 44 | 48 | |||||
Earnings as defined | $ | 296 | $ | 294 | |||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||
Interest before reduction for amounts capitalized and deferred | $ | 66 | $ | 66 | |||
Interest element of rentals charged to income (a) | 44 | 48 | |||||
Fixed charges as defined | $ | 110 | $ | 114 | |||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.69 | 2.58 |
(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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EXHBIT 12
THE CLEVELAND ELECTRIC ILLUMINATING COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30 | |||||||
2011 | 2010 | ||||||
(Dollars in thousands) | |||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||
Income before extraordinary items | $ | 61,657 | $ | 60,866 | |||
Interest and other charges, before reduction for amounts capitalized and deferred | 97,453 | 100,267 | |||||
Provision for income taxes | 26,927 | 33,107 | |||||
Interest element of rentals charged to income (a) | 1,310 | 1,338 | |||||
Earnings as defined | $ | 187,347 | $ | 195,578 | |||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||
Interest before reduction for amounts capitalized and deferred | $ | 97,453 | $ | 100,267 | |||
Interest element of rentals charged to income (a) | 1,310 | 1,338 | |||||
Fixed charges as defined | $ | 98,763 | $ | 101,605 | |||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.90 | 1.92 |
(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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EXHBIT 12
THE TOLEDO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30 | |||||||
2011 | 2010 | ||||||
(Dollars in thousands) | |||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||
Income before extraordinary items | $ | 32,246 | $ | 27,821 | |||
Interest and other charges, before reduction for amounts capitalized and deferred | 31,378 | 31,421 | |||||
Provision for income taxes | 12,135 | 13,241 | |||||
Interest element of rentals charged to income (a) | 21,621 | 23,924 | |||||
Earnings as defined | $ | 97,380 | $ | 96,407 | |||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||
Interest before reduction for amounts capitalized and deferred | $ | 31,378 | $ | 31,421 | |||
Interest element of rentals charged to income (a) | 21,621 | 23,924 | |||||
Fixed charges as defined | $ | 52,999 | $ | 55,345 | |||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.84 | 1.74 |
(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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EXHBIT 12
JERSEY CENTRAL POWER & LIGHT COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30 | |||||||
2011 | 2010 | ||||||
(Dollars in millions) | |||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||
Income before extraordinary items | $ | 144 | $ | 162 | |||
Interest and other charges, before reduction for amounts capitalized and deferred | 93 | 91 | |||||
Provision for income taxes | 107 | 121 | |||||
Interest element of rentals charged to income (a) | 6 | 5 | |||||
Earnings as defined | $ | 350 | $ | 379 | |||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||
Interest before reduction for amounts capitalized and deferred | $ | 93 | $ | 91 | |||
Interest element of rentals charged to income (a) | 6 | 5 | |||||
Fixed charges as defined | $ | 99 | $ | 96 | |||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 3.54 | 3.97 |
(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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EXHBIT 12
METROPOLITAN EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30 | |||||||
2011 | 2010 | ||||||
(Dollars in thousands) | |||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||
Income before extraordinary items | $ | 64,514 | $ | 43,664 | |||
Interest and other charges, before reduction for amounts capitalized and deferred | 39,530 | 39,812 | |||||
Provision for income taxes | 32,203 | 30,968 | |||||
Interest element of rentals charged to income (a) | 1,025 | 1,642 | |||||
Earnings as defined | $ | 137,272 | $ | 116,086 | |||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||
Interest before reduction for amounts capitalized and deferred | $ | 39,530 | $ | 39,812 | |||
Interest element of rentals charged to income (a) | 1,025 | 1,642 | |||||
Fixed charges as defined | $ | 40,555 | $ | 41,454 | |||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 3.38 | 2.80 |
(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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EXHBIT 12
PENNSYLVANIA ELECTRIC COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30 | |||||||
2011 | 2010 | ||||||
(Dollars in thousands) | |||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||
Income before extraordinary items | $ | 52,177 | $ | 50,089 | |||
Interest and other charges, before reduction for amounts capitalized and deferred | 51,996 | 52,501 | |||||
Provision for income taxes | 36,626 | 28,280 | |||||
Interest element of rentals charged to income (a) | 2,508 | 2,538 | |||||
Earnings as defined | $ | 143,307 | $ | 133,408 | |||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||
Interest before reduction for amounts capitalized and deferred | $ | 51,996 | $ | 52,501 | |||
Interest element of rentals charged to income (a) | 2,508 | 2,538 | |||||
Fixed charges as defined | $ | 54,504 | $ | 55,039 | |||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.63 | 2.42 |
(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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