EX-12 9 a2118600zex-12.htm EXHIBIT 12
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EXHIBIT 12

OHIO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

			Year Ended December 31,										Nine Months Ended September 30, 2003
			1998		1999		2000		2001		2002		Nine Months Ended September 30, 2003
			(Dollars in Thousands)
EARNINGS AS DEFINED IN REGULATION S-K:
	Income before extraordinary items		$	301,320	$	297,689	$	336,456	$	350,212	$	356,159	$	183,187
	Interest and other charges, before reduction for amounts capitalized			235,317		225,358		211,364		187,890		144,170		88,368
	Provision for income taxes			191,261		191,835		212,580		239,135		255,915		159,652
	Interest element of rentals charged to income (a)			115,310		113,804		109,497		104,507		102,469		75,295

		Earnings as defined	$	843,208	$	828,686	$	869,897	$	881,744	$	858,713	$	506,502

FIXED CHARGES AS DEFINED IN REGULATION S-K:
	Interest on long-term debt		$	184,915	$	178,217	$	165,409	$	150,632	$	119,123	$	70,686
	Other interest expense			34,976		31,971		31,451		22,754		14,598		14,947
	Subsidiaries' preferred stock dividend requirements			15,426		15,170		14,504		14,504		10,449		2,735
	Adjustments to subsidiaries' preferred stock dividends to state on a pre-income tax basis			2,892		2,770		2,296		2,481		2,661		2,057
	Interest element of rentals charged to income (a)			115,310		113,804		109,497		104,507		102,469		75,295

		Fixed charges as defined	$	353,519	$	341,932	$	323,157	$	294,878	$	249,300	$	165,720

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES(b)				2.39		2.42		2.69		2.99		3.44		3.06

(a): Includes the interest element of rentals where determinable plus ¹/3 of rental expense where no readily defined interest element can be determined.
(b): These ratios exclude fixed charges applicable to the guarantee of the debt of a coal supplier aggregating $3,828,000 for the year ended December 31, 1998. The guarantee and related coal supply contract debt expired December 31, 1999.