EX-12.2 29 ex12_2.htm EXHIBIT 12.2 - FIXED CHARGE RATIO - FES ex12_2.htm
                               
EXHIBIT 12.2
  
                                   
FIRSTENERGY SOLUTIONS CORP.
                                   
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                                   
                                   
     
Year Ended December 31,
       
2003
    
2004
    
2005
    
2006
    
2007
  
     
(Dollars in thousands)
  
EARNINGS AS DEFINED IN REGULATION S-K:
                              
Income before extraordinary items
$
         152,387
  
$
         322,239
  
$
         208,560
  
$
         418,653
  
$
         528,864
  
Interest and other charges, before reduction for amounts capitalized
                          
 
and deferred
  
         170,107
    
         181,620
    
         196,355
    
         189,141
    
         157,700
  
Provision for income taxes
  
         100,759
    
         229,575
    
         124,499
    
         236,348
    
         304,608
  
Interest element of rentals charged to income (a)
  
             1,060
    
             1,056
    
             1,434
    
             1,797
    
           24,669
  
                                   
 
Earnings as defined
$
         424,313
  
$
         734,490
  
$
         530,848
  
$
         845,939
  
$
      1,015,841
  
                                   
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                              
Interest before reduction for amounts capitalized and deferred
$
         170,107
  
$
         181,620
  
$
         196,355
  
$
         189,141
  
$
         157,700
  
Interest element of rentals charged to income (a)
  
             1,060
    
             1,056
    
             1,434
    
             1,797
    
           24,669
  
                                   
 
Fixed charges as defined
$
         171,167
  
$
         182,676
  
$
         197,789
  
$
         190,938
  
$
         182,369
  
                                   
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
2.48
    
4.02
    
2.68
    
4.43
    
5.57
  
                                   
                                   
                               
                                   
 
(a)  Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.