EX-12 15 fe-12312013xex12.htm EXHIBIT FE-12.31.2013-EX12
EXHIBIT 12

FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

 
 
Year Ended December 31
 
 
 
2009
 
2010
 
2011
 
2012
 
2013
 
 
 
(Dollars in millions)
 
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
847

 
$
696

 
$
856

 
$
755

 
$
375

 
Interest and other charges, before reduction for amounts capitalized and deferred
 
978

 
845

 
1,008

 
1,001

 
1,016

 
Provision for income taxes
 
179

 
449

 
566

 
545

 
195

 
Interest element of rentals charged to income (1)
 
161

 
151

 
150

 
136

 
96

 
Earnings as defined
 
$
2,165

 
$
2,141

 
$
2,580

 
$
2,437

 
$
1,682

 
 
 
 
 
 
 
 
 
 
 
 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
 
Interest before reduction for amounts capitalized and deferred
 
$
978

 
$
845

 
$
1,008

 
$
1,001

 
$
1,016

 
Interest element of rentals charged to income (1)
 
161

 
151

 
150

 
136

 
96

 
Fixed charges as defined
 
$
1,139

 
$
996

 
$
1,158

 
$
1,137

 
$
1,112

 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
1.90

 
2.15

 
2.23

 
2.14

 
1.51

 

(1) 
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.


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