EX-12 2 fe-06302014xex12.htm EXHIBIT 12 FE- 06.30.2014-EX12

EXHIBIT 12

FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

 
 
Six Months Ended June 30
 
 
 
2014
 
2013
 
 
 
(Dollars in millions)
 
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
 
 
Income from continuing operations
 
$
186

 
$
24

 
Interest and other charges, before reduction for amounts capitalized and deferred
 
527

 
514

 
Capitalized interest
 
(40
)
 
(34
)
 
Provision for income taxes
 
74

 
52

 
Interest element of rentals charged to income (1)
 
47

 
49

 
Earnings as defined
 
$
794

 
$
605

 
 
 
 
 
 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
 
 
Interest before reduction for amounts capitalized and deferred
 
$
527

 
$
514

 
Interest element of rentals charged to income (1)
 
47

 
49

 
Fixed charges as defined
 
$
574

 
$
563

 
 
 
 
 
 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
1.38

 
1.07

 

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


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