EX-12 2 fe-06302013xex12.htm EXHIBIT 12 FE-06.30.2013-EX12
EXHIBIT 12

FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

 
 
Six Months Ended June 30
 
 
 
2013
 
2012
 
 
 
(Dollars in millions)
 
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
 
 
Income before extraordinary items
 
$
32

 
$
494

 
Interest and other charges, before reduction for amounts capitalized and deferred
 
514

 
520

 
Provision for income taxes
 
58

 
349

 
Interest element of rentals charged to income (1)
 
49

 
71

 
Earnings as defined
 
$
653

 
$
1,434

 
 
 
 
 
 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
 
 
Interest before reduction for amounts capitalized and deferred
 
$
514

 
$
520

 
Interest element of rentals charged to income (1)
 
49

 
71

 
Fixed charges as defined
 
$
563

 
$
591

 
 
 
 
 
 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
1.16

 
2.43

 

(1) 
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.


118