Exhibit 12B Page 1 of 2 JERSEY CENTRAL POWER & LIGHT COMPANY AND SUBSIDIARY COMPANY STATEMENTS SHOWING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS BASED ON SEC REGULATION S-K, ITEM 503 (In Thousands) UNAUDITED Six Months Ended June 30, June 30, 1997 1996 OPERATING REVENUES $988,669 $1,005,158 OPERATING EXPENSES 789,454 815,375 Interest portion of rentals (A) 5,381 5,761 Net expense 784,073 809,614 OTHER INCOME: Allowance for funds used during construction 1,471 4,259 Other income, net 147 1,818 Total other income 1,618 6,077 EARNINGS AVAILABLE FOR FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (excluding taxes based on income) $206,214 $201,621 FIXED CHARGES: Interest on funded indebtedness $ 45,345 $ 44,717 Other interest (B) 13,008 10,359 Interest portion of rentals (A) 5,381 5,761 Total fixed charges $ 63,734 $ 60,837 RATIO OF EARNINGS TO FIXED CHARGES 3.24 3.31 Preferred stock dividend requirement $ 6,041 $ 6,748 Ratio of income before provision for income taxes to net income (C) 152.3% 148.4% Preferred stock dividend requirement on a pretax basis 9,200 10,014 Fixed charges, as above 63,734 60,837 Total fixed charges and preferred stock dividends $ 72,934 $ 70,851 RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS 2.83 2.85 Exhibit 12B Page 2 of 2 JERSEY CENTRAL POWER & LIGHT COMPANY AND SUBSIDIARY COMPANY STATEMENTS SHOWING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS BASED ON SEC REGULATION S-K, ITEM 503 (In Thousands) UNAUDITED NOTES: (A) The Company has included the equivalent of the interest portion of all rentals charged to income as fixed charges for this statement and has excluded such components from Operating Expenses. (B) Includes dividends on company-obligated mandatorily redeemable preferred securities of $5,350 for the six month periods ended June 30, 1997 and 1996, respectively. (C) Represents income before provision for income taxes of $142,480 and $140,784 for the six month periods ended June 30, 1997 and 1996, respectively, divided by net income of $93,561 and $94,877, respectively for the same periods.