EXHIBIT 12(b)
| THE CLEVELAND ELECTRIC ILLUMINATING 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 | | $ | 124,424 | | $ | 132,498 |
| Interest and other charges, before reduction for amounts capitalizedand deferred | | | 63,455 | | | 73,007 |
| Provision for income taxes | | | 64,105 | | | 76,915 |
| Interest element of rentals charged to income (a) | | | 916 | | | 22,278 |
| |
| Earnings as defined | | $ | 252,900 | | $ | 304,698 |
| |
| FIXED CHARGES AS DEFINED IN REGULATION S-K: | | | | |
| Interest before reduction for amounts capitalized and deferred | | $ | 63,455 | | $ | 73,007 |
| Interest element of rentals charged to income (a) | | | 916 | | | 22,278 |
| |
| Fixed charges as defined | | $ | 64,371 | | $ | 95,285 |
| |
| CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | | | 3.93 | | | 3.20 |
(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(b)
| THE TOLEDO 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 | | $ | 38,322 | | $ | 47,731 |
| Interest and other charges, before reduction for amounts capitalized and deferred | | | 11,613 | | | 16,419 |
| Provision for income taxes | | | 15,440 | | | 26,489 |
| Interest element of rentals charged to income (a) | | | 18,859 | | | 37,179 |
| |
| Earnings as defined | | $ | 84,234 | | $ | 127,818 |
| |
| FIXED CHARGES AS DEFINED IN REGULATION S-K: | | | | |
| Interest before reduction for amounts capitalized anddeferred | | $ | 11,613 | | $ | 16,419 |
| Interest element of rentals charged to income (a) | | | 18,859 | | | 37,179 |
| |
| Fixed charges as defined | | $ | 30,472 | | $ | 53,598 |
| |
| CONSOLIDATED RATIO OF EARNINGS TOFIXEDCHARGES | | | 2.76 | | | 2.38 |
(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(b)
JERSEY CENTRAL POWER & LIGHT 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 | | $ | 76,898 | | $ | 88,159 |
| Interest and other charges, before reduction for amounts capitalizedand deferred | | | 52,946 | | | 52,117 |
| Provision for income taxes | | | 59,871 | | | 72,362 |
| Interest element of rentals charged to income (a) | | | 3,958 | | | 4,351 |
| |
| Earnings as defined | | $ | 193,673 | | $ | 216,989 |
| |
| FIXED CHARGES AS DEFINED IN REGULATION S-K: | | | | |
| | | | | | | |
| Interest before reduction for amounts capitalized and deferred | 52,946 | | | 52,117 |
| Interest element of rentals charged to income (a) | | | 3,958 | | | 4,351 |
| Fixed charges as defined | | $ | 56,904 | | $ | 56,468 |
| |
| CONSOLIDATED RATIO OF EARNINGS TOFIXED CHARGES | | | 3.40 | | | 3.84 |
(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.
EXHIBIT12(b)
| METROPOLITAN 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 | | $ | 42,032 | | $ | 51,109 |
| Interest and other charges, before reduction for amounts capitalizedand deferred | | | 22,652 | | | 25,180 |
| Provision for income taxes | | | 29,596 | | | 38,408 |
| Interest element of rentals charged to income (a) | | | 1,072 | | | 968 |
| |
| Earnings as defined | | $ | 95,352 | | $ | 115,665 |
| |
| FIXED CHARGES AS DEFINED IN REGULATION S-K: | | | | | | |
| Interest before reduction for amounts capitalized and deferred | | | 22,652 | | | 25,180 |
| Interest element of rentals charged to income (a) | | | 1,072 | | | 968 |
| |
| Fixed charges as defined | | $ | 23,724 | | $ | 26,148 |
| |
| CONSOLIDATED RATIO OF EARNINGS TO FIXEDCHARGES | | | 4.02 | | | 4.42 |
(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.
