EX-12 41 ex_12.htm EXHIBIT 12 - FIXED CHARGE RATIOS Unassociated Document
EXHIBIT 12
 
FIRSTENERGY CORP.
  
             
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
  
             
   
Nine Months Ended
  
   
September 30,   
  
   
2007
    
2006
  
   
(Dollars in thousands)
  
EARNINGS AS DEFINED IN REGULATION S-K:
            
Income before extraordinary items
   $
1,040,868
     $
983,743
  
Interest and other charges, before reduction for amounts capitalized
    
593,091
      
533,356
  
Provision for income taxes
    
695,467
      
624,887
  
Interest element of rentals charged to income (a)
    
146,390
      
170,065
  
                 
Earnings as defined
   $
2,475,816
     $
2,312,051
  
                 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest expense
   $
593,091
     $
527,569
  
Subsidiaries’ preferred stock dividend requirements
    
-
      
5,787
  
Adjustments to subsidiaries’ preferred stock dividends
                
to state on a pre-income tax basis
    
-
      
3,676
  
Interest element of rentals charged to income (a)
    
146,390
      
170,065
  
                 
Fixed charges as defined
   $
739,481
     $
707,097
  
                 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    
3.35
      
3.27
  
                 
                 
                 
                 
 ____________________                
                 
                 
(a)  Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest
element can be determined which we believe represents an appropriate interest factor.
          

 
EXHIBIT 12

FIRSTENERGY SOLUTIONS CORP.
  
   
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
  
             
   
Nine Months Ended
  
   
September 30, 
  
   
2007
    
2006
  
   
(Dollars in Thousands)
  
EARNINGS AS DEFINED IN REGULATION S-K:
            
Income before extraordinary items
   $
408,684
     $
311,956
  
Interest and other charges, before reduction for amounts capitalized
    
132,749
      
140,544
  
Provision for income taxes
    
243,736
      
184,572
  
Interest element of rentals charged to income (a)    
1,092
      
1,168
  
                 
Earnings as defined
   $
786,261
     $
638,240
  
                 
                 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest expense
   $
132,749
     $
140,544
  
Interest element of rentals charged to income (a)
    
1,092
      
1,168
  
                 
Fixed charges as defined
   $
133,841
     $
141,712
  
                 
                 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    
5.87
      
4.50
  
                 
                 
                 
                 
 ____________________                
                 
                 
(a) Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest
element can be determined which we believe represents an appropriate interest factor.
  
 


EXHIBIT 12
 
OHIO EDISON COMPANY     
  
             
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES     
  
             
   
Nine Months Ended
  
   
September 30, 
  
   
2007
    
2006
  
   
(Dollars in thousands)
  
EARNINGS AS DEFINED IN REGULATION S-K:
            
Income before extraordinary items
   $
147,862
     $
166,536
  
Interest and other charges, before reduction for amounts capitalized
    
62,749
      
60,662
  
Provision for income taxes
    
79,074
      
91,239
  
Interest element of rentals charged to income (a)
    
60,370
      
67,064
  
                 
Earnings as defined
   $
350,055
     $
385,501
  
                 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest on long-term debt
   $
54,493
     $
49,280
  
Other interest expense
    
8,256
      
10,914
  
Subsidiaries’ preferred stock dividend requirements
    
-
      
467
  
Adjustments to subsidiaries’ preferred stock dividends
                
to state on a pre-income tax basis
    
-
      
291
  
Interest element of rentals charged to income (a)
    
60,370
      
67,064
  
                 
Fixed charges as defined
   $
123,119
     $
128,016
  
                 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    
2.84
      
3.01
  
                 
                 
                 
                 
 ____________________                
                 
                 
(a)  Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest
element can be determined which we believe represents an appropriate interest factor.
          
 

 
EXHIBIT 12
 
JERSEY CENTRAL POWER & LIGHT COMPANY     
  
             
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES     
  
             
   
Nine Months Ended
  
   
September 30, 
  
   
2007
    
2006
  
   
(Dollars in thousands)
  
             
EARNINGS AS DEFINED IN REGULATION S-K:
            
Income before extraordinary items
   $
163,957
     $
153,355
  
Interest and other charges, before reduction for amounts capitalized
    
79,467
      
70,092
  
Provision for income taxes
    
118,637
      
120,506
  
Interest element of rentals charged to income (a)
    
6,143
      
6,635
  
                 
Earnings as defined
   $
368,204
     $
350,588
  
                 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest on long-term debt
   $
65,949
     $
56,612
  
Other interest expense
    
13,518
      
13,480
  
Interest element of rentals charged to income (a)
    
6,143
      
6,635
  
                 
Fixed charges as defined
   $
85,610
     $
76,727
  
                 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    
4.30
      
4.57
  
                 
                 
                 
                 
 ____________________                
                 
                 
(a)  Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest
element can be determined which we believe represents an appropriate interest factor.
          


EXHIBIT 12
 
METROPOLITAN EDISON COMPANY     
  
             
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES     
  
             
   
Nine Months Ended
  
   
September 30,   
  
   
2007
    
2006
  
   
(Dollars in thousands)
  
EARNINGS AS DEFINED IN REGULATION S-K:
            
Income before extraordinary items
   $
75,797
     $
82,981
  
Interest and other charges, before reduction for amounts capitalized
    
38,471
      
35,546
  
Provision for income taxes
    
53,145
      
55,390
  
Interest element of rentals charged to income (a)
    
1,509
      
1,324
  
                 
Earnings as defined
   $
168,922
     $
175,241
  
                 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest on long-term debt
   $
21,032
     $
25,987
  
Other interest expense
    
17,439
      
9,559
  
Interest element of rentals charged to income (a)
    
1,509
      
1,324
  
                 
Fixed charges as defined
   $
39,980
     $
36,870
  
                 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    
4.23
      
4.75
  
                 
                 
                 
                 
 ____________________                
                 
                 
(a)  Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest
element can be determined which we believe represents an appropriate interest factor.
          

 
EXHIBIT 12

PENNSYLVANIA ELECTRIC COMPANY     
  
             
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES     
  
             
   
Nine Months Ended
  
   
September 30, 
  
   
2007
    
2006
  
   
(Dollars in thousands)
  
EARNINGS AS DEFINED IN REGULATION S-K:
            
Income before extraordinary items
   $
74,237
     $
56,666
  
Interest and other charges, before reduction for amounts capitalized
    
38,426
      
33,974
  
Provision for income taxes
    
49,025
      
39,251
  
Interest element of rentals charged to income (a)
    
2,402
      
2,387
  
                 
Earnings as defined
   $
164,090
     $
132,278
  
                 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest on long-term debt
   $
22,642
     $
20,937
  
Other interest expense
    
15,783
      
13,037
  
Interest element of rentals charged to income (a)
    
2,402
      
2,387
  
                 
Fixed charges as defined
   $
40,827
     $
36,361
  
                 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    
4.02
      
3.64
  
                 
                 
                 
                 
 ____________________                
                 
                 
(a)  Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest
element can be determined which we believe represents an appropriate interest factor.