EX-12.2 3 c11256exv12w2.htm EXHIBIT 12.2 Exhibit 12.2
EXHIBIT 12.2
FIRSTENERGY SOLUTIONS CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                                         
    Year Ended December 31,  
    2006     2007     2008     2009     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                                       
Income before extraordinary items
  $ 418,653     $ 528,864     $ 506,410     $ 577,084     $ 269,428  
Interest and other charges, before reduction for amounts capitalized and deferred
    189,141       157,700       141,511       152,226       215,855  
Provision for income taxes
    236,348       304,608       293,181       315,290       151,057  
Interest element of rentals charged to income (a)
    1,797       24,669       99,360       95,126       90,611  
 
                             
 
                                       
Earnings as defined
  $ 845,939     $ 1,015,841     $ 1,040,462     $ 1,139,726     $ 726,951  
 
                             
 
                                       
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                                       
Interest before reduction for amounts capitalized and deferred
  $ 189,141     $ 157,700     $ 141,511     $ 152,226     $ 215,855  
Interest element of rentals charged to income (a)
    1,797       24,669       99,360       95,126       90,611  
 
                             
 
                                       
Fixed charges as defined
  $ 190,938     $ 182,369     $ 240,871     $ 247,352     $ 306,466  
 
                             
 
                                       
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    4.43       5.57       4.32       4.61       2.37  
 
                             
 
     
(a)  
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.