EX-12 14 fe-03312018xex12.htm EXHIBIT 12 Exhibit

EXHIBIT 12

FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

 
 
For the Three Months Ended March 31,
 
For the Years Ended December 31,
 
 
2018
 
2017
 
2016
 
2015
 
2014
 
2013
(In millions)
 
 
EARNINGS AS DEFINED IN REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
177

 
$
726

 
$
44

 
$
348

 
$
509

 
$
440

Interest and other charges, before reduction for amounts capitalized and deferred
 
250

 
1,017

 
984

 
960

 
894

 
824

Capitalized interest
 
(4
)
 
(17
)
 
(30
)
 
(32
)
 
(34
)
 
(35
)
Provision for income taxes
 
252

 
572

 
227

 
188

 
153

 
261

Interest element of rentals charged to income(1)
 
8

 
32

 
43

 
58

 
75

 
87

Earnings as defined
 
$
683

 
$
2,330

 
$
1,268

 
$
1,522

 
$
1,597

 
$
1,577

 
 
 
 
 
 
 
 
 
 
 
 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
 
 
Interest before reduction for amounts capitalized and deferred
 
$
250

 
$
1,017

 
$
984

 
$
960

 
$
894

 
$
824

Interest element of rentals charged to income(1)
 
8

 
32

 
43

 
58

 
75

 
87

Fixed charges as defined
 
$
258

 
$
1,049

 
$
1,027

 
$
1,018

 
$
969

 
$
911

 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
 
2.65

 
2.22

 
1.23

 
1.50

 
1.65

 
1.73


(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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