EXHIBIT 12 | |||||||||
| FIRSTENERGY CORP. | |||||||||
| CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | |||||||||
| Six Months Ended | |||||||||
| June 30, | |||||||||
| 2008 | 2007 | ||||||||
| (Dollars in thousands) | |||||||||
| EARNINGS AS DEFINED IN REGULATION S-K: | |||||||||
| Income before extraordinary items | $ | 538,656 | $ | 627,832 | |||||
| Interest and other charges, before reduction for amounts capitalized | |||||||||
| and deferred | 370,442 | 389,877 | |||||||
| Provision for income taxes | 346,666 | 422,453 | |||||||
| Interest element of rentals charged to income (a) | 115,624 | 108,228 | |||||||
| Earnings as defined | $ | 1,371,388 | $ | 1,548,390 | |||||
| FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||||
| Interest before reduction for amounts capitalized and deferred | $ | 370,442 | $ | 389,877 | |||||
| Interest element of rentals charged to income (a) | 115,624 | 108,228 | |||||||
| Fixed charges as defined | $ | 486,066 | $ | 498,105 | |||||
| CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.82 | 3.11 | |||||||
(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, | |||||||||
| 2008 | 2007 | ||||||||
| (Dollars in thousands) | |||||||||
| EARNINGS AS DEFINED IN REGULATION S-K: | |||||||||
| Income before extraordinary items | $ | 92,751 | $ | 99,648 | |||||
| Interest and other charges, before reduction for amounts capitalized | |||||||||
| and deferred | 34,542 | 42,438 | |||||||
| Provision for income taxes | 48,621 | 44,985 | |||||||
| Interest element of rentals charged to income (a) | 38,066 | 41,916 | |||||||
| Earnings as defined | $ | 213,980 | $ | 228,987 | |||||
| FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||||
| Interest before reduction for amounts capitalized and deferred | $ | 34,542 | $ | 42,438 | |||||
| Interest element of rentals charged to income (a) | 38,066 | 41,916 | |||||||
| Fixed charges as defined | $ | 72,608 | $ | 84,354 | |||||
| CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.95 | 2.71 | |||||||
(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, | |||||||||
| 2008 | 2007 | ||||||||
| (Dollars in thousands) | |||||||||
| EARNINGS AS DEFINED IN REGULATION S-K: | |||||||||
| Income before extraordinary items | $ | 39,789 | $ | 51,207 | |||||
| Interest and other charges, before reduction for amounts capitalized | |||||||||
| and deferred | 30,223 | 24,409 | |||||||
| Provision for income taxes | 30,266 | 38,638 | |||||||
| Interest element of rentals charged to income (a) | 1,648 | 1,536 | |||||||
| Earnings as defined | $ | 101,926 | $ | 115,790 | |||||
| FIXED CHARGES AS DEFINED IN REGULATION S-K: | |||||||||
| Interest before reduction for amounts capitalized and deferred | $ | 30,223 | $ | 24,409 | |||||
| Interest element of rentals charged to income (a) | 1,648 | 1,536 | |||||||
| Fixed charges as defined | $ | 31,871 | $ | 25,945 | |||||
| CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 3.20 | 4.46 | |||||||
(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined | |||||||||
| interest element can be determined. | |||||||||