EXHIBIT
12.1
|
|||||||||||||||||||||
FIRSTENERGY
CORP.
|
|||||||||||||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||
Year
Ended December 31,
|
|||||||||||||||||||||
2004
|
2005
|
2006
|
2007
|
2008
|
|||||||||||||||||
(Dollars
in thousands)
|
|||||||||||||||||||||
EARNINGS
AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Income before
extraordinary items
|
$ | 906,753 | $ | 879,053 | $ | 1,257,806 | $ | 1,308,757 | $ | 1,342,347 | |||||||||||
Interest and
other charges, before reduction for amounts capitalized
|
|||||||||||||||||||||
and
deferred
|
692,068 | 675,424 | 727,956 | 785,539 | 761,291 | ||||||||||||||||
Provision for
income taxes
|
680,524 | 748,794 | 794,595 | 883,033 | 776,915 | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
248,499 | 241,460 | 226,168 | 206,073 | 171,229 | ||||||||||||||||
Earnings as
defined
|
$ | 2,527,844 | $ | 2,544,731 | $ | 3,006,525 | $ | 3,183,402 | $ | 3,051,782 | |||||||||||
FIXED
CHARGES AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Interest
before reduction for amounts capitalized and deferred
|
$ | 670,655 | $ | 659,886 | $ | 721,068 | $ | 785,539 | $ | 761,291 | |||||||||||
Subsidiaries’
preferred stock dividend requirements
|
21,413 | 15,538 | 6,888 | - | - | ||||||||||||||||
Adjustments to
subsidiaries’ preferred stock dividends
|
|||||||||||||||||||||
to state on a
pre-income tax basis
|
16,071 | 13,236 | 4,351 | - | - | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
248,499 | 241,460 | 226,168 | 206,073 | 171,229 | ||||||||||||||||
Fixed charges
as defined
|
$ | 956,638 | $ | 930,120 | $ | 958,475 | $ | 991,612 | $ | 932,520 | |||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
2.64 | 2.74 | 3.14 | 3.21 | 3.27 | ||||||||||||||||
(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
12.2
|
|||||||||||||||||||||
FIRSTENERGY
SOLUTIONS CORP.
|
|||||||||||||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||
Year
Ended December 31,
|
|||||||||||||||||||||
2004
|
2005
|
2006
|
2007
|
2008
|
|||||||||||||||||
(Dollars
in thousands)
|
|||||||||||||||||||||
EARNINGS
AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Income before
extraordinary items
|
$ | 322,239 | $ | 208,560 | $ | 418,653 | $ | 528,864 | $ | 506,410 | |||||||||||
Interest and
other charges, before reduction for amounts capitalized
|
|||||||||||||||||||||
and
deferred
|
181,620 | 196,355 | 189,141 | 157,700 | 141,511 | ||||||||||||||||
Provision for
income taxes
|
229,575 | 124,499 | 236,348 | 304,608 | 293,181 | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
1,056 | 1,434 | 1,797 | 24,669 | 99,360 | ||||||||||||||||
Earnings as
defined
|
$ | 734,490 | $ | 530,848 | $ | 845,939 | $ | 1,015,841 | $ | 1,040,462 | |||||||||||
FIXED
CHARGES AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Interest
before reduction for amounts capitalized and deferred
|
$ | 181,620 | $ | 196,355 | $ | 189,141 | $ | 157,700 | $ | 141,511 | |||||||||||
Interest
element of rentals charged to income (a)
|
1,056 | 1,434 | 1,797 | 24,669 | 99,360 | ||||||||||||||||
Fixed charges
as defined
|
$ | 182,676 | $ | 197,789 | $ | 190,938 | $ | 182,369 | $ | 240,871 | |||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
4.02 | 2.68 | 4.43 | 5.57 | 4.32 | ||||||||||||||||
(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
12.3
|
|||||||||||||||||||||
Page
1
|
|||||||||||||||||||||
OHIO
EDISON COMPANY
|
|||||||||||||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||
Year
Ended December 31,
|
|||||||||||||||||||||
2004
|
2005
|
2006
|
2007
|
2008
|
|||||||||||||||||
(Dollars
in thousands)
|
|||||||||||||||||||||
EARNINGS
AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Income before
extraordinary items
|
$ | 342,766 | $ | 330,398 | $ | 211,639 | $ | 197,166 | $ | 211,746 | |||||||||||
Interest and
other charges, before reduction for amounts capitalized
|
|||||||||||||||||||||
and
deferred
|
74,051 | 77,077 | 90,952 | 83,343 | 75,058 | ||||||||||||||||
Provision for
income taxes
|
278,303 | 309,995 | 123,343 | 101,273 | 98,584 | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
104,239 | 101,862 | 89,354 | 79,954 | 74,962 | ||||||||||||||||
Earnings as
defined
|
$ | 799,359 | $ | 819,332 | $ | 515,288 | $ | 461,736 | $ | 460,350 | |||||||||||
FIXED
CHARGES AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Interest
before reduction for amounts capitalized and deferred
|
$ | 71,491 | $ | 75,388 | $ | 90,356 | $ | 83,343 | $ | 75,058 | |||||||||||
Subsidiaries’
preferred stock dividend requirements
|
2,560 | 1,689 | 597 | - | - | ||||||||||||||||
Adjustments to
subsidiaries’ preferred stock dividends
|
|||||||||||||||||||||
to state on a
pre-income tax basis
|
1,975 | 1,351 | 651 | - | - | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
104,239 | 101,862 | 89,354 | 79,954 | 74,962 | ||||||||||||||||
Fixed charges
as defined
|
$ | 180,265 | $ | 180,290 | $ | 180,958 | $ | 163,297 | $ | 150,020 | |||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
4.43 | 4.54 | 2.85 | 2.83 | 3.07 | ||||||||||||||||
(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
12.3
|
|||||||||||||||||||||
Page
2
|
|||||||||||||||||||||
OHIO
EDISON COMPANY
|
|||||||||||||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES PLUS
|
|||||||||||||||||||||
PREFERRED
STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS)
|
|||||||||||||||||||||
Year
Ended December 31,
|
|||||||||||||||||||||
2004
|
2005
|
2006
|
2007
|
2008
|
|||||||||||||||||
(Dollars
in thousands)
|
|||||||||||||||||||||
EARNINGS
AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Income before
extraordinary items
|
$ | 342,766 | $ | 330,398 | $ | 211,639 | $ | 197,166 | $ | 211,746 | |||||||||||
Interest and
other charges, before reduction for amounts capitalized
|
|||||||||||||||||||||
and
deferred
|
74,051 | 77,077 | 90,952 | 83,343 | 75,058 | ||||||||||||||||
Provision for
income taxes
|
278,303 | 309,995 | 123,343 | 101,273 | 98,584 | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
104,239 | 101,862 | 89,354 | 79,954 | 74,962 | ||||||||||||||||
Earnings as
defined
|
$ | 799,359 | $ | 819,332 | $ | 515,288 | $ | 461,736 | $ | 460,350 | |||||||||||
FIXED
CHARGES AS DEFINED IN REGULATION S-K PLUS
|
|||||||||||||||||||||
PREFERRED
STOCK DIVIDEND REQUIREMENTS
|
|||||||||||||||||||||
(PRE-INCOME
TAX BASIS):
|
|||||||||||||||||||||
Interest
before reduction for amounts capitalized and deferred
|
$ | 71,491 | $ | 75,388 | $ | 90,356 | $ | 83,343 | $ | 75,058 | |||||||||||
Preferred
stock dividend requirements
|
5,062 | 4,324 | 5,149 | - | - | ||||||||||||||||
Adjustments to
preferred stock dividends
|
|||||||||||||||||||||
to state on a
pre-income tax basis
|
4,072 | 3,758 | 3,263 | - | - | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
104,239 | 101,862 | 89,354 | 79,954 | 74,962 | ||||||||||||||||
Fixed charges
as defined plus preferred stock
|
|||||||||||||||||||||
dividend
requirements (pre-income tax basis)
|
$ | 184,864 | $ | 185,332 | $ | 188,122 | $ | 163,297 | $ | 150,020 | |||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||
PLUS
PREFERRED STOCK DIVIDEND REQUIREMENTS
|
|||||||||||||||||||||
(PRE-INCOME
TAX BASIS)
|
4.32 | 4.42 | 2.74 | 2.83 | 3.07 | ||||||||||||||||
(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
12.4
|
|||||||||||||||||||||
Page
1
|
|||||||||||||||||||||
THE
CLEVELAND ELECTRIC ILLUMINATING COMPANY
|
|||||||||||||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||
Year
Ended December 31,
|
|||||||||||||||||||||
2004
|
2005
|
2006
|
2007
|
2008
|
|||||||||||||||||
(Dollars
in thousands)
|
|||||||||||||||||||||
EARNINGS
AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Income before
extraordinary items
|
$ | 236,531 | $ | 231,058 | $ | 306,051 | $ | 276,412 | $ | 284,526 | |||||||||||
Interest and
other charges, before reduction for amounts capitalized
|
|||||||||||||||||||||
and
deferred
|
138,678 | 132,226 | 141,710 | 138,977 | 125,976 | ||||||||||||||||
Provision for
income taxes
|
138,856 | 153,014 | 188,662 | 163,363 | 136,786 | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
49,375 | 47,643 | 45,955 | 29,829 | 1,919 | ||||||||||||||||
Earnings as
defined
|
$ | 563,440 | $ | 563,941 | $ | 682,378 | $ | 608,581 | $ | 549,207 | |||||||||||
FIXED
CHARGES AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Interest
before reduction for amounts capitalized and deferred
|
$ | 138,678 | $ | 132,226 | $ | 141,710 | $ | 138,977 | $ | 125,976 | |||||||||||
Interest
element of rentals charged to income (a)
|
49,375 | 47,643 | 45,955 | 29,829 | 1,919 | ||||||||||||||||
Fixed charges
as defined
|
$ | 188,053 | $ | 179,869 | $ | 187,665 | $ | 168,806 | $ | 127,895 | |||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
3.00 | 3.14 | 3.64 | 3.61 | 4.29 | ||||||||||||||||
(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
12.4
|
|||||||||||||||||||||
Page
2
|
|||||||||||||||||||||
THE
CLEVELAND ELECTRIC ILLUMINATING COMPANY
|
|||||||||||||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES PLUS
|
|||||||||||||||||||||
PREFERRED
STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS)
|
|||||||||||||||||||||
Year
Ended December 31,
|
|||||||||||||||||||||
2004
|
2005
|
2006
|
2007
|
2008
|
|||||||||||||||||
(Dollars
in thousands)
|
|||||||||||||||||||||
EARNINGS
AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Income before
extraordinary items
|
$ | 236,531 | $ | 231,058 | $ | 306,051 | $ | 276,412 | $ | 284,526 | |||||||||||
Interest and
other charges, before reduction for amounts capitalized
|
|||||||||||||||||||||
and
deferred
|
138,678 | 132,226 | 141,710 | 138,977 | 125,976 | ||||||||||||||||
Provision for
income taxes
|
138,856 | 153,014 | 188,662 | 163,363 | 136,786 | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
49,375 | 47,643 | 45,955 | 29,829 | 1,919 | ||||||||||||||||
Earnings as
defined
|
$ | 563,440 | $ | 563,941 | $ | 682,378 | $ | 608,581 | $ | 549,207 | |||||||||||
FIXED
CHARGES AS DEFINED IN REGULATION S-K PLUS
|
|||||||||||||||||||||
PREFERRED
STOCK DIVIDEND REQUIREMENTS
|
|||||||||||||||||||||
(PRE-INCOME
TAX BASIS):
|
|||||||||||||||||||||
Interest
before reduction for amounts capitalized and deferred
|
$ | 138,678 | $ | 132,226 | $ | 141,710 | $ | 138,977 | $ | 125,976 | |||||||||||
Preferred
stock dividend requirements
|
7,008 | 2,918 | - | - | - | ||||||||||||||||
Adjustments to
preferred stock dividends
|
|||||||||||||||||||||
to state on a
pre-income tax basis
|
4,113 | 1,932 | - | - | - | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
49,375 | 47,643 | 45,955 | 29,829 | 1,919 | ||||||||||||||||
Fixed charges
as defined plus preferred stock
|
|||||||||||||||||||||
dividend
requirements (pre-income tax basis)
|
$ | 199,174 | $ | 184,719 | $ | 187,665 | $ | 168,806 | $ | 127,895 | |||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||
PLUS
PREFERRED STOCK DIVIDEND REQUIREMENTS
|
|||||||||||||||||||||
(PRE-INCOME
TAX BASIS)
|
2.83 | 3.05 | 3.64 | 3.61 | 4.29 | ||||||||||||||||
(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
12.5
|
|||||||||||||||||||||
Page
1
|
|||||||||||||||||||||
THE
TOLEDO EDISON COMPANY
|
|||||||||||||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||
Year
Ended December 31,
|
|||||||||||||||||||||
2004
|
2005
|
2006
|
2007
|
2008
|
|||||||||||||||||
(Dollars
in thousands)
|
|||||||||||||||||||||
EARNINGS
AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Income before
extraordinary items
|
$ | 86,283 | $ | 76,164 | $ | 99,404 | $ | 91,239 | $ | 74,915 | |||||||||||
Interest and
other charges, before reduction for amounts capitalized
|
|||||||||||||||||||||
and
deferred
|
33,439 | 21,489 | 23,179 | 34,135 | 23,286 | ||||||||||||||||
Provision for
income taxes
|
52,350 | 73,931 | 59,869 | 53,736 | 29,824 | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
82,879 | 80,042 | 77,158 | 57,393 | 37,172 | ||||||||||||||||
Earnings as
defined
|
$ | 254,951 | $ | 251,626 | $ | 259,610 | $ | 236,503 | $ | 165,197 | |||||||||||
FIXED
CHARGES AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Interest
before reduction for amounts capitalized and deferred
|
$ | 33,439 | $ | 21,489 | $ | 23,179 | $ | 34,135 | $ | 23,286 | |||||||||||
Interest
element of rentals charged to income (a)
|
82,879 | 80,042 | 77,158 | 57,393 | 37,172 | ||||||||||||||||
Fixed charges
as defined
|
$ | 116,318 | $ | 101,531 | $ | 100,337 | $ | 91,528 | $ | 60,458 | |||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
2.19 | 2.48 | 2.59 | 2.58 | 2.73 | ||||||||||||||||
(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
12.5
|
|||||||||||||||||||||
Page
2
|
|||||||||||||||||||||
THE
TOLEDO EDISON COMPANY
|
|||||||||||||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES PLUS
|
|||||||||||||||||||||
PREFERRED
STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS)
|
|||||||||||||||||||||
Year
Ended December 31,
|
|||||||||||||||||||||
2004
|
2005
|
2006
|
2007
|
2008
|
|||||||||||||||||
(Dollars
in thousands)
|
|||||||||||||||||||||
EARNINGS
AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Income before
extraordinary items
|
$ | 86,283 | $ | 76,164 | $ | 99,404 | $ | 91,239 | $ | 74,915 | |||||||||||
Interest and
other charges, before reduction for amounts capitalized
|
|||||||||||||||||||||
and
deferred
|
33,439 | 21,489 | 23,179 | 34,135 | 23,286 | ||||||||||||||||
Provision for
income taxes
|
52,350 | 73,931 | 59,869 | 53,736 | 29,824 | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
82,879 | 80,042 | 77,158 | 57,393 | 37,172 | ||||||||||||||||
Earnings as
defined
|
$ | 254,951 | $ | 251,626 | $ | 259,610 | $ | 236,503 | $ | 165,197 | |||||||||||
FIXED
CHARGES AS DEFINED IN REGULATION S-K PLUS
|
|||||||||||||||||||||
PREFERRED
STOCK DIVIDEND REQUIREMENTS
|
|||||||||||||||||||||
(PRE-INCOME
TAX BASIS):
|
|||||||||||||||||||||
Interest
before reduction for amounts capitalized and deferred
|
$ | 33,439 | $ | 21,489 | $ | 23,179 | $ | 34,135 | $ | 23,286 | |||||||||||
Preferred
stock dividend requirements
|
8,844 | 7,795 | 9,409 | - | - | ||||||||||||||||
Adjustments to
preferred stock dividends
|
|||||||||||||||||||||
to state on a
pre-income tax basis
|
5,366 | 7,561 | 5,667 | - | - | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
82,879 | 80,042 | 77,158 | 57,393 | 37,172 | ||||||||||||||||
Fixed charges
as defined plus preferred stock
|
|||||||||||||||||||||
dividend
requirements (pre-income tax basis)
|
$ | 130,528 | $ | 116,887 | $ | 115,413 | $ | 91,528 | $ | 60,458 | |||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||
PLUS
PREFERRED STOCK DIVIDEND REQUIREMENTS
|
|||||||||||||||||||||
(PRE-INCOME
TAX BASIS)
|
1.95 | 2.15 | 2.25 | 2.58 | 2.73 | ||||||||||||||||
(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
12.6
|
|||||||||||||||||||||
Page
1
|
|||||||||||||||||||||
JERSEY
CENTRAL POWER & LIGHT COMPANY
|
|||||||||||||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||
Year
Ended December 31,
|
|||||||||||||||||||||
2004
|
2005
|
2006
|
2007
|
2008
|
|||||||||||||||||
(Dollars
in thousands)
|
|||||||||||||||||||||
EARNINGS
AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Income before
extraordinary items
|
$ | 107,626 | $ | 182,927 | $ | 190,607 | $ | 186,108 | $ | 186,988 | |||||||||||
Interest and
other charges, before reduction for amounts capitalized
|
|||||||||||||||||||||
and
deferred
|
86,111 | 85,519 | 94,035 | 107,232 | 106,316 | ||||||||||||||||
Provision for
income taxes
|
97,205 | 135,846 | 146,731 | 149,056 | 148,231 | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
7,589 | 7,091 | 8,838 | 7,976 | 7,702 | ||||||||||||||||
Earnings as
defined
|
$ | 298,531 | $ | 411,383 | $ | 440,211 | $ | 450,372 | $ | 449,237 | |||||||||||
FIXED
CHARGES AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Interest
before reduction for amounts capitalized and deferred
|
$ | 86,111 | $ | 85,519 | $ | 94,035 | $ | 107,232 | $ | 106,316 | |||||||||||
Interest
element of rentals charged to income (a)
|
7,589 | 7,091 | 8,838 | 7,976 | 7,702 | ||||||||||||||||
Fixed charges
as defined
|
$ | 93,700 | $ | 92,610 | $ | 102,873 | $ | 115,208 | $ | 114,018 | |||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
3.19 | 4.44 | 4.28 | 3.91 | 3.94 | ||||||||||||||||
(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
12.6
|
|||||||||||||||||||||
Page
2
|
|||||||||||||||||||||
JERSEY
CENTRAL POWER & LIGHT COMPANY
|
|||||||||||||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES PLUS
|
|||||||||||||||||||||
PREFERRED
STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS)
|
|||||||||||||||||||||
Year
Ended December 31,
|
|||||||||||||||||||||
2004
|
2005
|
2006
|
2007
|
2008
|
|||||||||||||||||
(Dollars
in thousands)
|
|||||||||||||||||||||
EARNINGS
AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Income before
extraordinary items
|
$ | 107,626 | $ | 182,927 | $ | 190,607 | $ | 186,108 | $ | 186,988 | |||||||||||
Interest and
other charges, before reduction for amounts capitalized
|
|||||||||||||||||||||
and
deferred
|
86,111 | 85,519 | 94,035 | 107,232 | 106,316 | ||||||||||||||||
Provision for
income taxes
|
97,205 | 135,846 | 146,731 | 149,056 | 148,231 | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
7,589 | 7,091 | 8,838 | 7,976 | 7,702 | ||||||||||||||||
Earnings as
defined
|
$ | 298,531 | $ | 411,383 | $ | 440,211 | $ | 450,372 | $ | 449,237 | |||||||||||
FIXED
CHARGES AS DEFINED IN REGULATION S-K PLUS
|
|||||||||||||||||||||
PREFERRED
STOCK DIVIDEND REQUIREMENTS
|
|||||||||||||||||||||
(PRE-INCOME
TAX BASIS):
|
|||||||||||||||||||||
Interest
before reduction for amounts capitalized and deferred
|
$ | 86,111 | $ | 85,519 | $ | 94,035 | $ | 107,232 | $ | 106,316 | |||||||||||
Preferred
stock dividend requirements
|
500 | 500 | 1,018 | - | - | ||||||||||||||||
Adjustments to
preferred stock dividends
|
|||||||||||||||||||||
to state on a
pre-income tax basis
|
452 | 371 | 784 | - | - | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
7,589 | 7,091 | 8,838 | 7,976 | 7,702 | ||||||||||||||||
Fixed charges
as defined plus preferred stock
|
|||||||||||||||||||||
dividend
requirements (pre-income tax basis)
|
$ | 94,652 | $ | 93,481 | $ | 104,675 | $ | 115,208 | $ | 114,018 | |||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||
PLUS
PREFERRED STOCK DIVIDEND REQUIREMENTS
|
|||||||||||||||||||||
(PRE-INCOME
TAX BASIS)
|
3.15 | 4.40 | 4.21 | 3.91 | 3.94 | ||||||||||||||||
(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
12.7
|
|||||||||||||||||||||
METROPOLITAN
EDISON COMPANY
|
|||||||||||||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||
Year
Ended December 31,
|
|||||||||||||||||||||
2004
|
2005
|
2006
(b)
|
2007
|
2008
|
|||||||||||||||||
(Dollars
in thousands)
|
|||||||||||||||||||||
EARNINGS
AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Income before
extraordinary items
|
$ | 66,955 | $ | 45,919 | $ | (240,195 | ) | $ | 95,463 | $ | 88,033 | ||||||||||
Interest and
other charges, before reduction for amounts capitalized
|
|||||||||||||||||||||
and
deferred
|
45,057 | 44,655 | 47,385 | 51,022 | 43,651 | ||||||||||||||||
Provision for
income taxes
|
38,217 | 30,084 | 77,326 | 68,270 | 60,898 | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
1,401 | 1,597 | 1,616 | 2,160 | 2,132 | ||||||||||||||||
Earnings as
defined
|
$ | 151,630 | $ | 122,255 | $ | (113,868 | ) | $ | 216,915 | $ | 194,714 | ||||||||||
FIXED
CHARGES AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Interest
before reduction for amounts capitalized and deferred
|
$ | 45,057 | $ | 44,655 | $ | 47,385 | $ | 51,022 | $ | 43,651 | |||||||||||
Interest
element of rentals charged to income (a)
|
1,401 | 1,597 | 1,616 | 2,160 | 2,132 | ||||||||||||||||
Fixed charges
as defined
|
$ | 46,458 | $ | 46,252 | $ | 49,001 | $ | 53,182 | $ | 45,783 | |||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
3.26 | 2.64 | (2.32 | ) | 4.08 | 4.25 | |||||||||||||||
(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 2006 would need to increase $162,869,000 for the
fixed charge ratios to be 1.0.
|
EXHIBIT
12.8
|
|||||||||||||||||||||
PENNSYLVANIA
ELECTRIC COMPANY
|
|||||||||||||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
|||||||||||||||||||||
Year
Ended December 31,
|
|||||||||||||||||||||
2004
|
2005
|
2006
|
2007
|
2008
|
|||||||||||||||||
(Dollars
in thousands)
|
|||||||||||||||||||||
EARNINGS
AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Income before
extraordinary items
|
$ | 36,030 | $ | 27,553 | $ | 84,182 | $ | 92,938 | $ | 88,170 | |||||||||||
Interest and
other charges, before reduction for amounts capitalized
|
|||||||||||||||||||||
and
deferred
|
40,022 | 39,900 | 45,278 | 54,840 | 59,424 | ||||||||||||||||
Provision for
income taxes
|
30,001 | 16,613 | 56,539 | 64,015 | 57,647 | ||||||||||||||||
Interest
element of rentals charged to income (a)
|
3,016 | 3,225 | 3,247 | 3,214 | 3,319 | ||||||||||||||||
Earnings as
defined
|
$ | 109,069 | $ | 87,291 | $ | 189,246 | $ | 215,007 | $ | 208,560 | |||||||||||
FIXED
CHARGES AS DEFINED IN REGULATION S-K:
|
|||||||||||||||||||||
Interest
before reduction for amounts capitalized and deferred
|
$ | 40,022 | $ | 39,900 | $ | 45,278 | $ | 54,840 | $ | 59,424 | |||||||||||
Interest
element of rentals charged to income (a)
|
3,016 | 3,225 | 3,247 | 3,214 | 3,319 | ||||||||||||||||
Fixed charges
as defined
|
$ | 43,038 | $ | 43,125 | $ | 48,525 | $ | 58,054 | $ | 62,743 | |||||||||||
CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
|
2.53 | 2.02 | 3.90 | 3.70 | 3.32 | ||||||||||||||||
(a)
Includes the interest element of rentals where determinable plus
1/3 of rental expense where no readily defined interest element can be
determined.
|