EX-12 8 fe-12312014xex12.htm EXHIBIT 12 FE-12.31.2014-EX12
EXHIBIT 12

FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

 
 
Year Ended December 31
 
 
 
2010
 
2011
 
2012
 
2013
 
2014
 
 
 
(Dollars in millions)
 
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
696

 
$
856

 
$
755

 
$
375

 
$
213

 
Interest and other charges, before reduction for amounts capitalized and deferred
 
845

 
1,008

 
1,001

 
1,016

 
1,073

 
Capitalized interest
 
(165
)
 
(70
)
 
(72
)
 
(75
)
 
(69
)
 
Provision for income taxes (benefits)
 
449

 
566

 
545

 
195

 
(42
)
 
Interest element of rentals charged to income (1)
 
151

 
150

 
136

 
96

 
83

 
Earnings as defined
 
$
1,976

 
$
2,510

 
$
2,365

 
$
1,607

 
$
1,258

 
 
 
 
 
 
 
 
 
 
 
 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
 
Interest before reduction for amounts capitalized and deferred
 
$
845

 
$
1,008

 
$
1,001

 
$
1,016

 
$
1,073

 
Interest element of rentals charged to income (1)
 
151

 
150

 
136

 
96

 
83

 
Fixed charges as defined
 
$
996

 
$
1,158

 
$
1,137

 
$
1,112

 
$
1,156

 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
1.98

 
2.17

 
2.08

 
1.45

 
1.09

 

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


220