EX-12.1 2 c11256exv12w1.htm EXHIBIT 12.1 Exhibit 12.1
EXHIBIT 12.1
FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                                         
    Year Ended December 31,  
    2006     2007     2008     2009     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                                       
Income before extraordinary items
  $ 1,260,452     $ 1,311,294     $ 1,339,291     $ 989,801     $ 759,734  
Interest and other charges, before reduction for amounts capitalized and deferred
    727,956       785,539       761,291       982,419       845,709  
Provision for income taxes
    794,595       883,033       776,915       245,316       481,716  
Interest element of rentals charged to income (a)
    226,168       206,073       171,229       161,263       151,114  
 
                             
 
                                       
Earnings as defined
  $ 3,009,171     $ 3,185,939     $ 3,048,726     $ 2,378,799     $ 2,238,273  
 
                             
 
                                       
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                                       
Interest before reduction for amounts capitalized and deferred
  $ 721,068     $ 785,539     $ 761,291     $ 982,419     $ 845,709  
Subsidiaries’ preferred stock dividend requirements
    6,888                          
Adjustments to subsidiaries’ preferred stock dividends to state on a pre-income tax basis
    4,351                          
Interest element of rentals charged to income (a)
    226,168       206,073       171,229       161,263       151,114  
 
                             
 
                                       
Fixed charges as defined
  $ 958,475     $ 991,612     $ 932,520     $ 1,143,682     $ 996,823  
 
                             
 
                                       
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    3.14       3.21       3.27       2.08       2.25  
 
                             
 
     
(a)  
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.