EX-12 4 a2173833zex-12.htm EXHIBIT 12
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Exhibit 12


The Cleveland Electric Illuminating Company
Consolidated Ratio of Earnings to Fixed Charges

 
   Year Ended December 31,
    
 
   Six Months
Ended
June 30, 2006
 
   2001
   2002
   2003
   2004
   2005
 
   (in thousands, except ratios)
Earnings as Defined in Regulation S-K                                    

Income before extraordinary items
 
$
177,905
 
$
136,952
 
$
197,033
 
$
236,531
 
$
231,059
 
$
163,465
Interest and other charges, before reduction for amounts
    capitalized		     192,102     189,502     164,132     138,678     132,226     69,366
Provision for income taxes     137,887     84,938     131,285     138,856     153,014     102,234
Interest element of rentals charged to income (a)     59,497     51,170     49,761     49,375     47,643     23,152
   
 
 
 
 
 
  Earnings as defined   $ 567,391   $ 462,562   $ 542,211   $ 563,440   $ 563,942   $ 358,217
   
 
 
 
 
 

Fixed Charges as Defined in Regulation S-K
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Interest on long-term debt
 
$
191,727
 
$
180,602
 
$
159,632
 
$
138,678
 
$
132,226
 
$
69,366
Subsidiary's preferred stock dividend requirements     375     8,900     4,500     —     —     —
Interest element of rentals charged to income (a)     59,497     51,170     49,761     49,375     47,643     23,152
   
 
 
 
 
 
  Fixed Charges as defined   $ 251,599   $ 240,672   $ 213,893   $ 188,053   $ 179,869   $ 92,518
   
 
 
 
 
 
Consolidated Ratio of Earnings to Fixed Charges     2.26     1.92     2.53     3.00     3.14     3.87
   
 
 
 
 
 
(a)
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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The Cleveland Electric Illuminating Company Consolidated Ratio of Earnings to Fixed Charges