EX-12 2 fe-03312014xex12.htm EXHIBIT FE-03.31.2014-EX12

EXHIBIT 12

FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

 
 
Three Months Ended March 31
 
 
 
2014
 
2013
 
 
 
(Dollars in millions)
 
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
 
 
Income from continuing operations
 
$
122

 
$
192

 
Interest and other charges, before reduction for amounts capitalized and deferred
 
265

 
258

 
Capitalized interest
 
(22
)
 
(15
)
 
Provision for income taxes
 
48

 
114

 
Interest element of rentals charged to income (1)
 
24

 
25

 
Earnings as defined
 
$
437

 
$
574

 
 
 
 
 
 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
 
 
Interest before reduction for amounts capitalized and deferred
 
$
265

 
$
258

 
Interest element of rentals charged to income (1)
 
24

 
25

 
Fixed charges as defined
 
$
289

 
$
283

 
 
 
 
 
 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
1.51

 
2.03

 

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


103