Jersey Central Power & Light Inactive 10-Q2007 Q2 Quarterly report

Filed: 7 Aug 07, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: AEP, AIG, APIC, assert, assist, assistance, BPJ, brought, build, Burger, carryforward, CFR, Chatman, citizen, Comp, consumption, convened, deficient, devoted, disagreement, ECO, ensation, extreme, fewer, FTR, green, Haven, hourly, identical, incident, ISO, lawsuit, lowest, Maier, motor, nonvested, opacity, Owner, page, partly, Paulette, PennFuture, petitioner, professional, ready, reallocate, recirculation, regular, RPV, Russell, safe, safely, session, spread, stack, storm, Sublease, Suisse, suit, traditional, unconditionally, unrealized, USA, withdrew

Removed: APB, Bechtel, Canadian, Centerior, closing, concluding, conducting, confirmation, construct, council, delegated, demonstration, disposition, engineer, extend, extended, forma, fully, harmonization, intervene, marketing, noticed, operational, PCAOB, preparing, pro, put, rearranging, recently, refund, relationship, relevant, reorganizing, replaced, structure, terrorist, thereon, thirteen, unknown, verify, wake

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Jersey Central Power & Light similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

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.

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.