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EXHIBIT 12(b)
OHIO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED DECEMBER 31,
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1993 1994 1995 1996 1997
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(DOLLARS IN THOUSANDS)
EARNINGS AS DEFINED IN REGULATION S-K:
Income before extraordinary items..................................... $ 24,523 $303,531 $317,241 $315,170 $293,194
Interest and other charges, before reduction for
amounts capitalized................................................. 285,169 283,849 273,719 255,572 250,920
Provision for income taxes............................................ 32,431 188,886 199,307 201,295 187,805
Interest element of rentals charged to income (a) .................... 104,700 108,463 111,534 114,093 117,409
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Earnings as defined................................................. $446,823 $884,729 $901,801 $886,130 $849,328
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FIXED CHARGES AS DEFINED IN REGULATION S-K:
Interest on long-term debt............................................ $262,861 $259,554 $243,570 $211,935 $204,285
Other interest expense................................................ 16,445 18,931 22,944 28,211 31,209
Subsidiaries' preferred stock dividends requirements.................. 5,863 5,364 7,205 15,426 15,426
Adjustments to subsidiaries' preferred stock dividends
to state on a pre-income tax basis.................................. 7,659 3,294 2,956 2,910 2,918
Interest element of rentals charged to income (a)..................... 104,700 108,463 111,534 114,093 117,409
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Fixed charges as defined............................................ $397,528 $395,606 $388,209 $372,575 $371,247
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CONSOLIDATED RATIO OF EARNINGS TO FIXED
CHARGES (b)........................................................... 1.12 2.24 2.32 2.38 2.29
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(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) These ratios exclude fixed charges applicable to the guarantee of the debt
of a coal supplier aggregating $8,565,000, $7,424,000, $6,315,000,
$5,093,000 and $3,828,000 for each of the five years ended December 31,
1997, respectively.