EX-12 2 fe-09302015xex12.htm EXHIBIT 12 Exhibit

EXHIBIT 12

FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

 
 
Nine Months Ended September 30,
 
Year Ended December 31,
 
 
2015
 
2014
 
2013
 
2012
 
2011
 
2010
 
(In millions)
 
 
 
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
804

 
$
213

 
$
375

 
$
755

 
$
856

 
$
696

 
Interest and other charges, before reduction for amounts capitalized and deferred
 
846

 
1,073

 
1,016

 
1,001

 
1,008

 
845

 
Capitalized interest
 
(53
)
 
(69
)
 
(75
)
 
(72
)
 
(70
)
 
(165
)
 
Provision for income taxes
 
485

 
(42
)
 
195

 
545

 
566

 
449

 
Interest element of rentals charged to income (1)
 
59

 
83

 
96

 
136

 
150

 
151

 
Earnings as defined
 
$
2,141

 
$
1,258

 
$
1,607

 
$
2,365

 
$
2,510

 
$
1,976

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest before reduction for amounts capitalized and deferred
 
$
846

 
$
1,073

 
$
1,016

 
$
1,001

 
$
1,008

 
$
845

 
Interest element of rentals charged to income (1)
 
59

 
83

 
96

 
136

 
150

 
151

 
Fixed charges as defined
 
$
905

 
$
1,156

 
$
1,112

 
$
1,137

 
$
1,158

 
$
996

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
2.37

 
1.09

 
1.45

 
2.08

 
2.17

 
1.98

 

(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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