EX-12 6 fe-12312015xex12.htm EXHIBIT 12 Exhibit
EXHIBIT 12

FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

 
 
Year Ended December 31
 
 
 
2011
 
2012
 
2013
 
2014
 
2015
 
 
 
(Dollars in millions)
 
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
856

 
$
755

 
$
375

 
$
213

 
$
578

 
Interest and other charges, before reduction for amounts capitalized and deferred
 
1,008

 
1,001

 
1,016

 
1,073

 
1,132

 
Capitalized interest
 
(70
)
 
(72
)
 
(75
)
 
(69
)
 
(68
)
 
Provision for income taxes (benefits)
 
566

 
545

 
195

 
(42
)
 
315

 
Interest element of rentals charged to income (1)
 
150

 
136

 
96

 
83

 
78

 
Earnings as defined
 
$
2,510

 
$
2,365

 
$
1,607

 
$
1,258

 
$
2,035

 
 
 
 
 
 
 
 
 
 
 
 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
 
Interest before reduction for amounts capitalized and deferred
 
$
1,008

 
$
1,001

 
$
1,016

 
$
1,073

 
$
1,132

 
Interest element of rentals charged to income (1)
 
150

 
136

 
96

 
83

 
78

 
Fixed charges as defined
 
$
1,158

 
$
1,137

 
$
1,112

 
$
1,156

 
$
1,210

 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
2.17

 
2.08

 
1.45

 
1.09

 
1.68

 

(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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