EX-12 3 c17271exv12.htm EXHIBIT 12 Exhibit 12
EXHIBIT 12
FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                 
    Six Months Ended  
    June 30  
    2011     2010  
    (Dollars in millions)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 216     $ 405  
Interest and other charges, before reduction for amounts capitalized and deferred
     496       421  
Provision for income taxes
     179       245  
Interest element of rentals charged to income (a)
     74       77  
 
            
 
                
Earnings as defined
   $ 965     $ 1,148  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 496     $ 421  
Interest element of rentals charged to income (a)
     74       77  
 
            
 
                
Fixed charges as defined
   $ 570     $ 498  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     1.69       2.31  
 
            
     
(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
FIRSTENERGY SOLUTIONS CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                 
    Six Months Ended  
    June 30  
    2011     2010  
    (Dollars in millions)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 56     $ 214  
Interest and other charges, before reduction for amounts capitalized and deferred
     108       106  
Provision for income taxes
     24       113  
Interest element of rentals charged to income (a)
     44       46  
 
            
 
                
Earnings as defined
   $ 232     $ 479  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 108     $ 106  
Interest element of rentals charged to income (a)
     44       46  
 
            
 
                
Fixed charges as defined
   $ 152     $ 152  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     1.53       3.15  
 
            
     
(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
OHIO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                 
    Six Months Ended  
    June 30  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 68,765     $ 73,484  
Interest and other charges, before reduction for amounts capitalized and deferred
     44,156       44,465  
Provision for income taxes
     34,029       31,465  
Interest element of rentals charged to income (a)
     29,048       32,386  
 
            
 
                
Earnings as defined
   $ 175,998     $ 181,800  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 44,156     $ 44,465  
Interest element of rentals charged to income (a)
     29,048       32,386  
 
            
 
                
Fixed charges as defined
   $ 73,204     $ 76,851  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     2.40       2.37  
 
            
     
(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
THE CLEVELAND ELECTRIC ILLUMINATING COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                 
    Six Months Ended  
    June 30  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 35,050     $ 35,918  
Interest and other charges, before reduction for amounts capitalized and deferred
     65,213       66,883  
Provision for income taxes
     10,645       19,628  
Interest element of rentals charged to income (a)
     889       896  
 
            
 
                
Earnings as defined
   $ 111,797     $ 123,325  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 65,213     $ 66,883  
Interest element of rentals charged to income (a)
     889       896  
 
            
 
                
Fixed charges as defined
   $ 66,102     $ 67,779  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     1.69       1.82  
 
            
     
(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
THE TOLEDO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                 
    Six Months Ended  
    June 30  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 17,408     $ 14,725  
Interest and other charges, before reduction for amounts capitalized and deferred
     20,858       20,942  
Provision for income taxes
     3,164       6,330  
Interest element of rentals charged to income (a)
     14,586       16,139  
 
            
 
                
Earnings as defined
   $ 56,016     $ 58,136  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 20,858     $ 20,942  
Interest element of rentals charged to income (a)
     14,586       16,139  
 
            
 
                
Fixed charges as defined
   $ 35,444     $ 37,081  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     1.58       1.57  
 
            
     
(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
JERSEY CENTRAL POWER & LIGHT COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                 
    Six Months Ended  
    June 30  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 61,314     $ 79,119  
Interest and other charges, before reduction for amounts capitalized and deferred
     61,839       60,213  
Provision for income taxes
     48,461       57,051  
Interest element of rentals charged to income (a)
     2,967       3,283  
 
            
 
                
Earnings as defined
   $ 174,581     $ 199,666  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 61,839     $ 60,213  
Interest element of rentals charged to income (a)
     2,967       3,283  
 
            
 
                
Fixed charges as defined
   $ 64,806     $ 63,496  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     2.69       3.14  
 
            
     
(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
METROPOLITAN EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                 
    Six Months Ended  
    June 30  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 39,365     $ 29,424  
Interest and other charges, before reduction for amounts capitalized and deferred
     26,187       26,775  
Provision for income taxes
     19,232       20,884  
Interest element of rentals charged to income (a)
     719       1,078  
 
            
 
                
Earnings as defined
   $ 85,503     $ 78,161  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 26,187     $ 26,775  
Interest element of rentals charged to income (a)
     719       1,078  
 
            
 
                
Fixed charges as defined
   $ 26,906     $ 27,853  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     3.18       2.81  
 
            
     
(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
PENNSYLVANIA ELECTRIC COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                 
    Six Months Ended  
    June 30  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 32,024     $ 30,273  
Interest and other charges, before reduction for amounts capitalized and deferred
     34,595       34,920  
Provision for income taxes
     25,356       22,969  
Interest element of rentals charged to income (a)
     1,702       1,668  
 
            
 
                
Earnings as defined
   $ 93,677     $ 89,830  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 34,595     $ 34,920  
Interest element of rentals charged to income (a)
     1,702       1,668  
 
            
 
                
Fixed charges as defined
   $ 36,297     $ 36,588  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     2.58       2.46  
 
            
     
(a)  
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined