EXHIBIT 12 | ||||||||||
FIRSTENERGY CORP. | ||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||
Three Months Ended | ||||||||||
March 31, | ||||||||||
2010 | 2009 | |||||||||
(Dollars in millions) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 149 | $ | 115 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 214 | 196 | ||||||||
Provision for income taxes | 111 | 54 | ||||||||
Interest element of rentals charged to income (a) | 39 | 42 | ||||||||
Earnings as defined | $ | 513 | $ | 407 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 214 | $ | 196 | ||||||
Interest element of rentals charged to income (a) | 39 | 42 | ||||||||
Fixed charges as defined | $ | 253 | $ | 238 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.03 | 1.71 | ||||||||
(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 | ||||||||||
FIRSTENERGY SOLUTIONS CORP. | ||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||
Three Months Ended | ||||||||||
March 31, | ||||||||||
2010 | 2009 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 79,926 | $ | 170,681 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 51,949 | 25,506 | ||||||||
Provision for income taxes | 44,371 | 91,822 | ||||||||
Interest element of rentals charged to income (a) | 22,986 | 24,144 | ||||||||
Earnings as defined | $ | 199,232 | $ | 312,153 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 51,949 | $ | 25,506 | ||||||
Interest element of rentals charged to income (a) | 22,986 | 24,144 | ||||||||
Fixed charges as defined | $ | 74,935 | $ | 49,650 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.66 | 6.29 | ||||||||
(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 | ||||||||||
Three Months Ended | ||||||||||
March 31, | ||||||||||
2010 | 2009 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 36,161 | $ | 11,648 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 22,310 | 23,287 | ||||||||
Provision for income taxes | 19,609 | 4,005 | ||||||||
Interest element of rentals charged to income (a) | 16,415 | 18,028 | ||||||||
Earnings as defined | $ | 94,495 | $ | 56,968 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 22,310 | $ | 23,287 | ||||||
Interest element of rentals charged to income (a) | 16,415 | 18,028 | ||||||||
Fixed charges as defined | $ | 38,725 | $ | 41,315 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.44 | 1.38 | ||||||||
(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 | ||||||||||
THE CLEVELAND ELECTRIC ILLUMINATING COMPANY | ||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||
Three Months Ended | ||||||||||
March 31, | ||||||||||
2010 | 2009 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 13,995 | $ | (105,400 | ) | |||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 33,621 | 33,322 | ||||||||
Provision for income taxes | 10,843 | (61,506 | ) | |||||||
Interest element of rentals charged to income (a) | 451 | 428 | ||||||||
Earnings as defined | $ | 58,910 | $ | (133,156 | ) | |||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 33,621 | $ | 33,322 | ||||||
Interest element of rentals charged to income (a) | 451 | 428 | ||||||||
Fixed charges as defined | $ | 34,072 | $ | 33,750 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.73 | (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 $166,906,000 for the fixed charge ratio to be 1.0. |
EXHIBIT 12 | ||||||||||
THE TOLEDO EDISON COMPANY | ||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||
Three Months Ended | ||||||||||
March 31, | ||||||||||
2010 | 2009 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 7,509 | $ | 992 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 10,487 | 5,533 | ||||||||
Provision for income taxes | 5,382 | (109 | ) | |||||||
Interest element of rentals charged to income (a) | 8,175 | 8,915 | ||||||||
Earnings as defined | $ | 31,553 | $ | 15,331 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 10,487 | $ | 5,533 | ||||||
Interest element of rentals charged to income (a) | 8,175 | 8,915 | ||||||||
Fixed charges as defined | $ | 18,662 | $ | 14,448 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 1.69 | 1.06 | ||||||||
(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 | ||||||||||
Three Months Ended | ||||||||||
March 31, | ||||||||||
2010 | 2009 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 29,226 | $ | 27,558 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 29,928 | 29,209 | ||||||||
Provision for income taxes | 23,530 | 22,551 | ||||||||
Interest element of rentals charged to income (a) | 1,646 | 1,943 | ||||||||
Earnings as defined | $ | 84,330 | $ | 81,261 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 29,928 | $ | 29,209 | ||||||
Interest element of rentals charged to income (a) | 1,646 | 1,943 | ||||||||
Fixed charges as defined | $ | 31,574 | $ | 31,152 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.67 | 2.61 | ||||||||
(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 | ||||||||||
Three Months Ended | ||||||||||
March 31, | ||||||||||
2010 | 2009 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 12,315 | $ | 16,622 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 13,773 | 13,359 | ||||||||
Provision for income taxes | 12,266 | 11,735 | ||||||||
Interest element of rentals charged to income (a) | 517 | 507 | ||||||||
Earnings as defined | $ | 38,871 | $ | 42,223 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 13,773 | $ | 13,359 | ||||||
Interest element of rentals charged to income (a) | 517 | 507 | ||||||||
Fixed charges as defined | $ | 14,290 | $ | 13,866 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.72 | 3.05 | ||||||||
(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 | ||||||||||
Three Months Ended | ||||||||||
March 31, | ||||||||||
2010 | 2009 | |||||||||
(Dollars in thousands) | ||||||||||
EARNINGS AS DEFINED IN REGULATION S-K: | ||||||||||
Income before extraordinary items | $ | 17,299 | $ | 18,690 | ||||||
Interest and other charges, before reduction for amounts capitalized | ||||||||||
and deferred | 17,290 | 13,233 | ||||||||
Provision for income taxes | 17,157 | 13,122 | ||||||||
Interest element of rentals charged to income (a) | 878 | 729 | ||||||||
Earnings as defined | $ | 52,624 | $ | 45,774 | ||||||
FIXED CHARGES AS DEFINED IN REGULATION S-K: | ||||||||||
Interest before reduction for amounts capitalized and deferred | $ | 17,290 | $ | 13,233 | ||||||
Interest element of rentals charged to income (a) | 878 | 729 | ||||||||
Fixed charges as defined | $ | 18,168 | $ | 13,962 | ||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.90 | 3.28 | ||||||||
(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest | ||||||||||
element can be determined. |