EXHIBIT 12
FIRSTENERGY CORP. | |||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | |||||||||
Six Months Ended | |||||||||
June 30, | |||||||||
2007 | 2006 | ||||||||
(Dollars in thousands) | |||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||||
Income before extraordinary items | $ | 627,832 | $ | 530,844 | |||||
Interest and other charges, before reduction for amounts capitalized | 389,877 | 347,415 | |||||||
Provision for income taxes | 422,453 | 351,539 | |||||||
Interest element of rentals charged to income (a) | 108,228 | 112,798 | |||||||
Earnings as defined | $ | 1,548,390 | $ | 1,342,596 | |||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||||
Interest expense | $ | 389,877 | $ | 343,100 | |||||
Subsidiaries’ preferred stock dividend requirements | - | 4,315 | |||||||
Adjustments to subsidiaries’ preferred stock dividends | |||||||||
to state on a pre-income tax basis | - | 2,858 | |||||||
Interest element of rentals charged to income (a) | 108,228 | 112,798 | |||||||
Fixed charges as defined | $ | 498,105 | $ | 463,071 | |||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 3.11 | 2.90 | |||||||
———————————— | |||||||||
(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
OHIO EDISON COMPANY | |||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | |||||||||
Six Months Ended | |||||||||
June 30, | |||||||||
2007 | 2006 | ||||||||
(Dollars in thousands) | |||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||||
Income before extraordinary items | $ | 99,648 | $ | 123,039 | |||||
Interest and other charges, before reduction for amounts capitalized | 42,438 | 35,909 | |||||||
Provision for income taxes | 44,985 | 73,337 | |||||||
Interest element of rentals charged to income (a) | 41,916 | 44,831 | |||||||
Earnings as defined | $ | 228,987 | $ | 277,116 | |||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||||
Interest on long-term debt | $ | 36,168 | $ | 26,564 | |||||
Other interest expense | 6,269 | 9,034 | |||||||
Subsidiaries’ preferred stock dividend requirements | - | 311 | |||||||
Adjustments to subsidiaries’ preferred stock dividends | |||||||||
to state on a pre-income tax basis | - | 194 | |||||||
Interest element of rentals charged to income (a) | 41,916 | 44,831 | |||||||
Fixed charges as defined | $ | 84,353 | $ | 80,934 | |||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.71 | 3.42 | |||||||
———————————— | |||||||||
(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest | |||||||||
element can be determined. |
EXHIBIT 12
JERSEY CENTRAL POWER & LIGHT COMPANY | |||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | |||||||||
Six Months Ended | |||||||||
June 30, | |||||||||
2007 | 2006 | ||||||||
(Dollars in thousands) | |||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||||
Income before extraordinary items | $ | 88,159 | $ | 73,986 | |||||
Interest and other charges, before reduction for amounts capitalized | 52,117 | 45,585 | |||||||
Provision for income taxes | 72,362 | 62,190 | |||||||
Interest element of rentals charged to income (a) | 4,351 | 3,474 | |||||||
Earnings as defined | $ | 216,989 | $ | 185,235 | |||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||||
Interest on long-term debt | 42,653 | 36,467 | |||||||
Other interest expense | 9,464 | 9,118 | |||||||
Interest element of rentals charged to income (a) | 4,351 | 3,474 | |||||||
Fixed charges as defined | $ | 56,468 | $ | 49,059 | |||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 3.84 | 3.78 | |||||||
———————————— | |||||||||
(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
METROPOLITAN EDISON COMPANY | |||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | |||||||||
Six Months Ended | |||||||||
June 30, | |||||||||
2007 | 2006 | ||||||||
(Dollars in thousands) | |||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||||
Income before extraordinary items | $ | 51,109 | $ | 57,991 | |||||
Interest and other charges, before reduction for amounts capitalized | 25,180 | 23,255 | |||||||
Provision for income taxes | 38,408 | 40,759 | |||||||
Interest element of rentals charged to income (a) | 968 | 725 | |||||||
Earnings as defined | $ | 115,665 | $ | 122,730 | |||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||||
Interest on long-term debt | 14,428 | 17,470 | |||||||
Other interest expense | 10,753 | 5,785 | |||||||
Interest element of rentals charged to income (a) | 968 | 725 | |||||||
Fixed charges as defined | $ | 26,149 | $ | 23,980 | |||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 4.42 | 5.12 | |||||||
———————————— | |||||||||
(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
PENNSYLVANIA ELECTRIC COMPANY | |||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | |||||||||
Six Months Ended | |||||||||
June 30, | |||||||||
2007 | 2006 | ||||||||
(Dollars in thousands) | |||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | |||||||||
Income before extraordinary items | $ | 51,207 | $ | 38,606 | |||||
Interest and other charges, before reduction for amounts capitalized | 24,409 | 22,135 | |||||||
Provision for income taxes | 38,638 | 28,518 | |||||||
Interest element of rentals charged to income (a) | 1,536 | 1,567 | |||||||
Earnings as defined | $ | 115,790 | $ | 90,826 | |||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||||
Interest on long-term debt | $ | 14,039 | $ | 13,916 | |||||
Other interest expense | 10,371 | 8,219 | |||||||
Interest element of rentals charged to income (a) | 1,536 | 1,567 | |||||||
Fixed charges as defined | $ | 25,946 | $ | 23,702 | |||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 4.46 | 3.83 | |||||||
———————————— | |||||||||
(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest | |||||||||
element can be determined. |