EXHIBIT 12 | ||||||||||
FIRSTENERGY CORP. | ||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||
Six Months Ended | ||||||||||
June 30, | ||||||||||
2009 | 2008 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 533,343 | $ | 538,656 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 402,504 | 370,442 | ||||||||
Provision for income taxes | 301,538 | 346,666 | ||||||||
Interest element of rentals charged to income (a) | 83,930 | 115,624 | ||||||||
Earnings as defined | $ | 1,321,315 | $ | 1,371,388 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 402,504 | $ | 370,442 | ||||||
Interest element of rentals charged to income (a) | 83,930 | 115,624 | ||||||||
Fixed charges as defined | $ | 486,434 | $ | 486,066 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.72 | 2.82 | ||||||||
(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest | ||||||||||
element can be determined. |
EXHIBIT 12 | ||||||||||
FIRSTENERGY SOLUTIONS CORP. | ||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||
Six Months Ended | ||||||||||
June 30, | ||||||||||
2009 | 2008 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 468,083 | $ | 158,078 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 55,092 | 66,978 | ||||||||
Provision for income taxes | 261,011 | 105,071 | ||||||||
Interest element of rentals charged to income (a) | 48,082 | 50,261 | ||||||||
Earnings as defined | $ | 832,268 | $ | 380,388 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 55,092 | $ | 66,978 | ||||||
Interest element of rentals charged to income (a) | 48,082 | 50,261 | ||||||||
Fixed charges as defined | $ | 103,174 | $ | 117,239 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 8.07 | 3.24 | ||||||||
(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, | ||||||||||
2009 | 2008 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 44,987 | $ | 92,751 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 44,756 | 34,542 | ||||||||
Provision for income taxes | 20,857 | 48,621 | ||||||||
Interest element of rentals charged to income (a) | 35,619 | 38,066 | ||||||||
Earnings as defined | $ | 146,219 | $ | 213,980 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 44,756 | $ | 34,542 | ||||||
Interest element of rentals charged to income (a) | 35,619 | 38,066 | ||||||||
Fixed charges as defined | $ | 80,375 | $ | 72,608 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.82 | 2.95 | ||||||||
(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 | ||||||||||
THE CLEVELAND ELECTRIC ILLUMINATING COMPANY | ||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||
Six Months Ended | ||||||||||
June 30, | ||||||||||
2009 | 2008 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | (58,553 | ) | $ | 124,424 | |||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 66,079 | 63,455 | ||||||||
Provision for income taxes | (35,045 | ) | 64,105 | |||||||
Interest element of rentals charged to income (a) | 1,527 | 916 | ||||||||
Earnings as defined | $ | (25,992 | ) | $ | 252,900 | |||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 66,079 | $ | 63,455 | ||||||
Interest element of rentals charged to income (a) | 1,527 | 916 | ||||||||
Fixed charges as defined | $ | 67,606 | $ | 64,371 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | (b) | 3.93 | ||||||||
(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 $93,598,000 for the fixed charge ratio to be 1.0. |
EXHIBIT 12 | ||||||||||
THE TOLEDO EDISON COMPANY | ||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||
Six Months Ended | ||||||||||
June 30, | ||||||||||
2009 | 2008 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 7,394 | $ | 38,322 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 14,795 | 11,613 | ||||||||
Provision for income taxes | 3,261 | 15,440 | ||||||||
Interest element of rentals charged to income (a) | 17,647 | 18,859 | ||||||||
Earnings as defined | $ | 43,097 | $ | 84,234 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 14,795 | $ | 11,613 | ||||||
Interest element of rentals charged to income (a) | 17,647 | 18,859 | ||||||||
Fixed charges as defined | $ | 32,442 | $ | 30,472 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.33 | 2.76 | ||||||||
(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, | ||||||||||
2009 | 2008 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 65,624 | $ | 76,898 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 59,982 | 52,946 | ||||||||
Provision for income taxes | 52,399 | 59,871 | ||||||||
Interest element of rentals charged to income (a) | 3,740 | 3,958 | ||||||||
Earnings as defined | $ | 181,745 | $ | 193,673 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 59,982 | $ | 52,946 | ||||||
Interest element of rentals charged to income (a) | 3,740 | 3,958 | ||||||||
Fixed charges as defined | $ | 63,722 | $ | 56,904 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.85 | 3.40 | ||||||||
(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, | ||||||||||
2009 | 2008 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 26,627 | $ | 42,032 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 28,121 | 22,652 | ||||||||
Provision for income taxes | 18,703 | 29,596 | ||||||||
Interest element of rentals charged to income (a) | 998 | 1,072 | ||||||||
Earnings as defined | $ | 74,449 | $ | 95,352 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 28,121 | $ | 22,652 | ||||||
Interest element of rentals charged to income (a) | 998 | 1,072 | ||||||||
Fixed charges as defined | $ | 29,119 | $ | 23,724 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.56 | 4.02 | ||||||||
(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, | ||||||||||
2009 | 2008 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 33,511 | $ | 39,789 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 25,076 | 30,223 | ||||||||
Provision for income taxes | 23,354 | 30,266 | ||||||||
Interest element of rentals charged to income (a) | 1,524 | 1,648 | ||||||||
Earnings as defined | $ | 83,465 | $ | 101,926 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 25,076 | $ | 30,223 | ||||||
Interest element of rentals charged to income (a) | 1,524 | 1,648 | ||||||||
Fixed charges as defined | $ | 26,600 | $ | 31,871 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 3.14 | 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. |