EX-12.(B) 12 c54999_ex-12b.htm c54999_ex-12b.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

EXHIBIT 12(b)

THE CLEVELAND ELECTRIC ILLUMINATING COMPANY 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES 
 
    Six Months Ended 
    June 30, 
     2008    2007 
    (Dollars in thousands) 
EARNINGS AS DEFINED IN REGULATION S-K:     
Income before extraordinary items    $ 124,424    $  132,498 
Interest and other charges, before reduction for amounts capitalized and deferred      63,455      73,007 
Provision for income taxes      64,105      76,915 
Interest element of rentals charged to income (a)      916      22,278 
 
                             Earnings as defined    $ 252,900    $  304,698 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:         
Interest before reduction for amounts capitalized and deferred   $ 63,455    $  73,007 
Interest element of rentals charged to income (a)      916      22,278 
 
                             Fixed charges as defined    $ 64,371    $  95,285 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES     3.93      3.20 

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

 


EXHIBIT 12(b)

THE TOLEDO EDISON COMPANY 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES 
 
    Six Months Ended 
    June 30, 
    2008     2007 
    (Dollars in thousands) 
EARNINGS AS DEFINED IN REGULATION S-K:             
Income before extraordinary items    $  38,322    $  47,731 
Interest and other charges, before reduction for amounts capitalized and deferred      11,613      16,419 
Provision for income taxes      15,440      26,489 
Interest element of rentals charged to income (a)      18,859      37,179 
 
                             Earnings as defined    $  84,234    $  127,818 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:         
Interest before reduction for amounts capitalized and deferred   $  11,613    $  16,419 
Interest element of rentals charged to income (a)      18,859      37,179 
 
                             Fixed charges as defined    $  30,472    $  53,598 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES      2.76      2.38 

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


EXHIBIT 12(b)

JERSEY CENTRAL POWER & LIGHT COMPANY

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

    Six Months Ended 
    June 30, 
     2008     2007 
    (Dollars in thousands) 
 
EARNINGS AS DEFINED IN REGULATION S-K:             
Income before extraordinary items    $  76,898    $  88,159 
Interest and other charges, before reduction for amounts capitalized and deferred     52,946      52,117 
Provision for income taxes      59,871      72,362 
Interest element of rentals charged to income (a)      3,958      4,351 
 
                   Earnings as defined    $  193,673    $  216,989 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:        
             
Interest before reduction for amounts capitalized and deferred  52,946      52,117 
Interest element of rentals charged to income (a)      3,958      4,351 
                   Fixed charges as defined    $  56,904    $  56,468 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES      3.40      3.84 

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


EXHIBIT 12(b)

METROPOLITAN EDISON COMPANY 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES 
 
    Six Months Ended 
    June 30, 
    2008     2007 
    (Dollars in thousands) 
EARNINGS AS DEFINED IN REGULATION S-K:             
Income before extraordinary items    $  42,032    $  51,109 
Interest and other charges, before reduction for amounts capitalized and deferred                                22,652      25,180 
Provision for income taxes      29,596      38,408 
Interest element of rentals charged to income (a)      1,072      968 
 
                                       Earnings as defined    $  95,352    $  115,665 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:             
Interest before reduction for amounts capitalized and deferred      22,652      25,180 
Interest element of rentals charged to income (a)      1,072      968 
 
                                       Fixed charges as defined    $  23,724    $  26,148 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES     4.02      4.42 

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