EX-12 9 c15066exv12.htm EXHIBIT 12 Exhibit 12
EXHIBIT 12
FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                 
    Three Months Ended  
    March 31  
    2011     2010  
    (Dollars in millions)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 45     $ 149  
Interest and other charges, before reduction for amounts capitalized and deferred
     231       214  
Provision for income taxes
     78       111  
Interest element of rentals charged to income (a)
     36       39  
 
            
 
                
Earnings as defined
   $ 390     $ 513  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 231     $ 214  
Interest element of rentals charged to income (a)
     36       39  
 
            
 
                
Fixed charges as defined
   $ 267     $ 253  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     1.46       2.03  
 
            
     
(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
                 
    Three Months Ended  
    March 31  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 35,934     $ 79,926  
Interest and other charges, before reduction for amounts capitalized and deferred
     53,977       51,949  
Provision for income taxes
     20,116       44,371  
Interest element of rentals charged to income (a)
     21,798       22,986  
 
            
 
                
Earnings as defined
   $ 131,825     $ 199,232  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 53,977     $ 51,949  
Interest element of rentals charged to income (a)
     21,798       22,986  
 
            
 
                
Fixed charges as defined
   $ 75,775     $ 74,935  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     1.74       2.66  
 
            
     
(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
                 
    Three Months Ended  
    March 31  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 30,140     $ 36,161  
Interest and other charges, before reduction for amounts capitalized and deferred
     22,145       22,310  
Provision for income taxes
     17,491       19,609  
Interest element of rentals charged to income (a)
     14,713       16,415  
 
            
 
                
Earnings as defined
   $ 84,489     $ 94,495  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 22,145     $ 22,310  
Interest element of rentals charged to income (a)
     14,713       16,415  
 
            
 
                
Fixed charges as defined
   $ 36,858     $ 38,725  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     2.29       2.44  
 
            
     
(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
                 
    Three Months Ended  
    March 31  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 13,201     $ 13,995  
Interest and other charges, before reduction for amounts capitalized and deferred
     33,078       33,621  
Provision for income taxes
     4,436       10,843  
Interest element of rentals charged to income (a)
     452       451  
 
            
 
                
Earnings as defined
   $ 51,167     $ 58,910  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 33,078     $ 33,621  
Interest element of rentals charged to income (a)
     452       451  
 
            
 
                
Fixed charges as defined
   $ 33,530     $ 34,072  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     1.53       1.73  
 
            
     
(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
                 
    Three Months Ended  
    March 31  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 5,847     $ 7,509  
Interest and other charges, before reduction for amounts capitalized and deferred
     10,443       10,487  
Provision for income taxes
     1,735       5,382  
Interest element of rentals charged to income (a)
     7,543       8,175  
 
            
 
                
Earnings as defined
   $ 25,568     $ 31,553  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 10,443     $ 10,487  
Interest element of rentals charged to income (a)
     7,543       8,175  
 
            
 
                
Fixed charges as defined
   $ 17,986     $ 18,662  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     1.42       1.69  
 
            
     
(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
                 
    Three Months Ended  
    March 31  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 19,553     $ 29,226  
Interest and other charges, before reduction for amounts capitalized and deferred
     30,682       29,928  
Provision for income taxes
     18,078       23,530  
Interest element of rentals charged to income (a)
     1,529       1,646  
 
            
 
                
Earnings as defined
   $ 69,842     $ 84,330  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 30,682     $ 29,928  
Interest element of rentals charged to income (a)
     1,529       1,646  
 
            
 
                
Fixed charges as defined
   $ 32,211     $ 31,574  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     2.17       2.67  
 
            
     
(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
                 
    Three Months Ended  
    March 31  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 22,587     $ 12,315  
Interest and other charges, before reduction for amounts capitalized and deferred
     13,057       13,773  
Provision for income taxes
     5,951       12,266  
Interest element of rentals charged to income (a)
     280       517  
 
            
 
                
Earnings as defined
   $ 41,875     $ 38,871  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 13,057     $ 13,773  
Interest element of rentals charged to income (a)
     280       517  
 
            
 
                
Fixed charges as defined
   $ 13,337     $ 14,290  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     3.14       2.72  
 
            
     
(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
                 
    Three Months Ended  
    March 31  
    2011     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 17,306     $ 17,299  
Interest and other charges, before reduction for amounts capitalized and deferred
     17,234       17,290  
Provision for income taxes
     11,788       17,157  
Interest element of rentals charged to income (a)
     875       878  
 
            
 
                
Earnings as defined
   $ 47,203     $ 52,624  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 17,234     $ 17,290  
Interest element of rentals charged to income (a)
     875       878  
 
            
 
                
Fixed charges as defined
   $ 18,109     $ 18,168  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     2.61       2.90  
 
            
     
(a)  
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined