EX-12 2 fe-9302011xex12.htm EX-12 FE-9.30.2011-EX12
EXHBIT 12

FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
Nine Months
Ended September 30
 
2011
 
2010
 
(Dollars in millions)
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
Income before extraordinary items
$
725

 
$
580

Interest and other charges, before reduction for amounts capitalized and deferred
763

 
629

Provision for income taxes
490

 
364

Interest element of rentals charged to income (a)
114

 
114

Earnings as defined
$
2,092

 
$
1,687

FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
Interest before reduction for amounts capitalized and deferred
$
763

 
$
629

Interest element of rentals charged to income (a)
114

 
114

Fixed charges as defined
$
877

 
$
743

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
2.39

 
2.27

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


1
EXHBIT 12

FIRSTENERGY SOLUTIONS CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
Nine Months
Ended September 30
 
2011
 
2010
 
(Dollars in millions)
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
Income before extraordinary items
$
166

 
$
177

Interest and other charges, before reduction for amounts capitalized and deferred
161

 
158

Provision for income taxes
98

 
108

Interest element of rentals charged to income (a)
65

 
68

Earnings as defined
$
490

 
$
511

FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
Interest before reduction for amounts capitalized and deferred
$
161

 
$
158

Interest element of rentals charged to income (a)
65

 
68

Fixed charges as defined
$
226

 
$
226

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
2.17

 
2.26

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


2
EXHBIT 12

OHIO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
Nine Months
Ended September 30
 
2011
 
2010
 
(Dollars in millions)
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
Income before extraordinary items
$
119

 
$
119

Interest and other charges, before reduction for amounts capitalized and deferred
66

 
66

Provision for income taxes
67

 
61

Interest element of rentals charged to income (a)
44

 
48

Earnings as defined
$
296

 
$
294

FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
Interest before reduction for amounts capitalized and deferred
$
66

 
$
66

Interest element of rentals charged to income (a)
44

 
48

Fixed charges as defined
$
110

 
$
114

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
2.69

 
2.58

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


3
EXHBIT 12

THE CLEVELAND ELECTRIC ILLUMINATING COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
Nine Months
Ended September 30
 
2011
 
2010
 
(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
Income before extraordinary items
$
61,657

 
$
60,866

Interest and other charges, before reduction for amounts capitalized and deferred
97,453

 
100,267

Provision for income taxes
26,927

 
33,107

Interest element of rentals charged to income (a)
1,310

 
1,338

Earnings as defined
$
187,347

 
$
195,578

FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
Interest before reduction for amounts capitalized and deferred
$
97,453

 
$
100,267

Interest element of rentals charged to income (a)
1,310

 
1,338

Fixed charges as defined
$
98,763

 
$
101,605

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
1.90

 
1.92

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


4
EXHBIT 12

THE TOLEDO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
Nine Months
Ended September 30
 
2011
 
2010
 
(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
Income before extraordinary items
$
32,246

 
$
27,821

Interest and other charges, before reduction for amounts capitalized and deferred
31,378

 
31,421

Provision for income taxes
12,135

 
13,241

Interest element of rentals charged to income (a)
21,621

 
23,924

Earnings as defined
$
97,380

 
$
96,407

FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
Interest before reduction for amounts capitalized and deferred
$
31,378

 
$
31,421

Interest element of rentals charged to income (a)
21,621

 
23,924

Fixed charges as defined
$
52,999

 
$
55,345

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
1.84

 
1.74

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


5
EXHBIT 12

JERSEY CENTRAL POWER & LIGHT COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
Nine Months
Ended September 30
 
2011
 
2010
 
(Dollars in millions)
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
Income before extraordinary items
$
144

 
$
162

Interest and other charges, before reduction for amounts capitalized and deferred
93

 
91

Provision for income taxes
107

 
121

Interest element of rentals charged to income (a)
6

 
5

Earnings as defined
$
350

 
$
379

FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
Interest before reduction for amounts capitalized and deferred
$
93

 
$
91

Interest element of rentals charged to income (a)
6

 
5

Fixed charges as defined
$
99

 
$
96

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
3.54

 
3.97

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


6
EXHBIT 12

METROPOLITAN EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
Nine Months
Ended September 30
 
2011
 
2010
 
(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
Income before extraordinary items
$
64,514

 
$
43,664

Interest and other charges, before reduction for amounts capitalized and deferred
39,530

 
39,812

Provision for income taxes
32,203

 
30,968

Interest element of rentals charged to income (a)
1,025

 
1,642

Earnings as defined
$
137,272

 
$
116,086

FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
Interest before reduction for amounts capitalized and deferred
$
39,530

 
$
39,812

Interest element of rentals charged to income (a)
1,025

 
1,642

Fixed charges as defined
$
40,555

 
$
41,454

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
3.38

 
2.80

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


7
EXHBIT 12

PENNSYLVANIA ELECTRIC COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
Nine Months
Ended September 30
 
2011
 
2010
 
(Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
Income before extraordinary items
$
52,177

 
$
50,089

Interest and other charges, before reduction for amounts capitalized and deferred
51,996

 
52,501

Provision for income taxes
36,626

 
28,280

Interest element of rentals charged to income (a)
2,508

 
2,538

Earnings as defined
$
143,307

 
$
133,408

FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
Interest before reduction for amounts capitalized and deferred
$
51,996

 
$
52,501

Interest element of rentals charged to income (a)
2,508

 
2,538

Fixed charges as defined
$
54,504

 
$
55,039

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
2.63

 
2.42

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


8