EX-12 2 fe-12312012xex12.htm EXHIBIT 12 FE-12.31.2012-EX12
EXHIBIT 12

FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
 
Year Ended December 31,
 
 
2008
 
2009
 
2010
 
2011
 
2012
 
 
(Dollars in millions)
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
Income before extraordinary items
 
$
620

 
$
856

 
$
718

 
$
869

 
$
771

Interest and other charges, before reduction for amounts capitalized and deferred
 
761

 
978

 
845

 
1,008

 
1,001

Provision for income taxes
 
375

 
184

 
462

 
574

 
553

Interest element of rentals charged to income (1)
 
171

 
161

 
151

 
150

 
136

Earnings as defined
 
$
1,927

 
$
2,179

 
$
2,176

 
$
2,601

 
$
2,461

 
 
 
 
 
 
 
 
 
 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
Interest before reduction for amounts capitalized and deferred
 
$
761

 
$
978

 
$
845

 
$
1,008

 
$
1,001

Interest element of rentals charged to income (1)
 
171

 
161

 
151

 
150

 
136

Fixed charges as defined
 
$
932

 
$
1,139

 
$
996

 
$
1,158

 
$
1,137

 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
2.07

 
1.91

 
2.18

 
2.25

 
2.16


(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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