EXHIBIT 12
FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended | ||||||||
June 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in millions) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 405 | $ | 523 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 421 | 403 | ||||||
Provision for income taxes | 245 | 302 | ||||||
Interest element of rentals charged to income (a) | 77 | 84 | ||||||
Earnings as defined | $ | 1,148 | $ | 1,312 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 421 | $ | 403 | ||||
Interest element of rentals charged to income (a) | 77 | 84 | ||||||
Fixed charges as defined | $ | 498 | $ | 487 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.31 | 2.69 | ||||||
(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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EXHIBIT 12
FIRSTENERGY SOLUTIONS CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended | ||||||||
June 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 213,851 | $ | 468,083 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 105,881 | 55,092 | ||||||
Provision for income taxes | 113,237 | 261,011 | ||||||
Interest element of rentals charged to income (a) | 46,087 | 48,082 | ||||||
Earnings as defined | $ | 479,056 | $ | 832,268 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 105,881 | $ | 55,092 | ||||
Interest element of rentals charged to income (a) | 46,087 | 48,082 | ||||||
Fixed charges as defined | $ | 151,968 | $ | 103,174 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 3.15 | 8.07 | ||||||
(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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EXHIBIT 12
OHIO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended | ||||||||
June 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 73,484 | $ | 45,276 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 44,465 | 44,756 | ||||||
Provision for income taxes | 31,465 | 20,857 | ||||||
Interest element of rentals charged to income (a) | 32,386 | 35,619 | ||||||
Earnings as defined | $ | 181,800 | $ | 146,508 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 44,465 | $ | 44,756 | ||||
Interest element of rentals charged to income (a) | 32,386 | 35,619 | ||||||
Fixed charges as defined | $ | 76,851 | $ | 80,375 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.37 | 1.82 | ||||||
(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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EXHIBIT 12
THE CLEVELAND ELECTRIC ILLUMINATING COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended | ||||||||
June 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 35,918 | $ | (57,676 | ) | |||
Interest and other charges, before reduction for amounts capitalized and deferred | 66,883 | 66,079 | ||||||
Provision for income taxes | 19,628 | (35,045 | ) | |||||
Interest element of rentals charged to income (a) | 896 | 1,527 | ||||||
Earnings as defined | $ | 123,325 | $ | (25,115 | ) | |||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 66,883 | $ | 66,079 | ||||
Interest element of rentals charged to income (a) | 896 | 1,527 | ||||||
Fixed charges as defined | $ | 67,779 | $ | 67,606 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.82 | (b | ) | |||||
(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 $92,721,000 for the fixed charge ratio to be 1.0. |
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EXHIBIT 12
THE TOLEDO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended | ||||||||
June 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 14,725 | $ | 7,397 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 20,942 | 14,795 | ||||||
Provision for income taxes | 6,330 | 3,261 | ||||||
Interest element of rentals charged to income (a) | 16,139 | 17,647 | ||||||
Earnings as defined | $ | 58,136 | $ | 43,100 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 20,942 | $ | 14,795 | ||||
Interest element of rentals charged to income (a) | 16,139 | 17,647 | ||||||
Fixed charges as defined | $ | 37,081 | $ | 32,442 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.57 | 1.33 | ||||||
(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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EXHIBIT 12
JERSEY CENTRAL POWER & LIGHT COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended | ||||||||
June 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 79,119 | $ | 65,624 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 60,213 | 59,982 | ||||||
Provision for income taxes | 57,051 | 52,399 | ||||||
Interest element of rentals charged to income (a) | 3,283 | 3,740 | ||||||
Earnings as defined | $ | 199,666 | $ | 181,745 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 60,213 | $ | 59,982 | ||||
Interest element of rentals charged to income (a) | 3,283 | 3,740 | ||||||
Fixed charges as defined | $ | 63,496 | $ | 63,722 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 3.14 | 2.85 | ||||||
(a) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined |
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EXHIBIT 12
METROPOLITAN EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended | ||||||||
June 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 29,424 | $ | 26,627 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 26,775 | 28,122 | ||||||
Provision for income taxes | 20,884 | 18,703 | ||||||
Interest element of rentals charged to income (a) | 1,078 | 998 | ||||||
Earnings as defined | $ | 78,161 | $ | 74,450 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 26,775 | $ | 28,122 | ||||
Interest element of rentals charged to income (a) | 1,078 | 998 | ||||||
Fixed charges as defined | $ | 27,853 | $ | 29,120 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.81 | 2.56 | ||||||
(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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EXHIBIT 12
PENNSYLVANIA ELECTRIC COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended | ||||||||
June 30 | ||||||||
2010 | 2009 | |||||||
(Dollars in thousands) | ||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||
Income before extraordinary items | $ | 30,273 | $ | 33,511 | ||||
Interest and other charges, before reduction for amounts capitalized and deferred | 34,920 | 25,076 | ||||||
Provision for income taxes | 22,969 | 23,354 | ||||||
Interest element of rentals charged to income (a) | 1,668 | 1,524 | ||||||
Earnings as defined | $ | 89,830 | $ | 83,465 | ||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||
Interest before reduction for amounts capitalized and deferred | $ | 34,920 | $ | 25,076 | ||||
Interest element of rentals charged to income (a) | 1,668 | 1,524 | ||||||
Fixed charges as defined | $ | 36,588 | $ | 26,600 | ||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.46 | 3.14 | ||||||
(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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