EX-12 5 c07138exv12.htm EXHIBIT 12 Exhibit 12
EXHIBIT 12
FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                 
    Nine Months Ended  
    September 30  
    2010     2009  
    (Dollars in millions)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 580     $ 754  
Interest and other charges, before reduction for amounts capitalized and deferred
     629       759  
Provision for income taxes
     364       430  
Interest element of rentals charged to income (a)
     114       122  
 
            
 
                
Earnings as defined
   $ 1,687     $ 2,065  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 629     $ 759  
Interest element of rentals charged to income (a)
     114       122  
 
            
 
                
Fixed charges as defined
   $ 743     $ 881  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     2.27       2.34  
 
            
     
(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
                 
    Nine Months Ended  
    September 30  
    2010     2009  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 177,125     $ 667,766  
Interest and other charges, before reduction for amounts capitalized and deferred
     157,922       99,488  
Provision for income taxes
     107,833       372,175  
Interest element of rentals charged to income (a)
     68,562       71,641  
 
            
 
                
Earnings as defined
   $ 511,442     $ 1,211,070  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 157,922     $ 99,488  
Interest element of rentals charged to income (a)
     68,562       71,641  
 
            
 
                
Fixed charges as defined
   $ 226,484     $ 171,129  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     2.26       7.08  
 
            
     
(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
                 
    Nine Months Ended  
    September 30  
    2010     2009  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 119,737     $ 80,011  
Interest and other charges, before reduction for amounts capitalized and deferred
     66,440       67,717  
Provision for income taxes
     60,797       36,742  
Interest element of rentals charged to income (a)
     47,972       52,756  
 
            
 
                
Earnings as defined
   $ 294,946     $ 237,226  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 66,440     $ 67,717  
Interest element of rentals charged to income (a)
     47,972       52,756  
 
            
 
                
Fixed charges as defined
   $ 114,412     $ 120,473  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     2.58       1.97  
 
            
     
(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
                 
    Nine Months Ended  
    September 30  
    2010     2009  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 60,866     $ (32,290 )
Interest and other charges, before reduction for amounts capitalized and deferred
     100,267       100,819  
Provision for income taxes
     33,107       (25,290 )
Interest element of rentals charged to income (a)
     1,338       1,912  
 
            
 
                
Earnings as defined
   $ 195,578     $ 45,151  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 100,267     $ 100,819  
Interest element of rentals charged to income (a)
     1,338       1,912  
 
            
 
                
Fixed charges as defined
   $ 101,605     $ 102,731  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     1.92       (b )
 
            
     
(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)  
The earnings as defined in 2009 would need to increase $57,580,000 for the fixed charge ratio to be 1.0.

 

 

 

EXHIBIT 12
THE TOLEDO EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                 
    Nine Months Ended  
    September 30  
    2010     2009  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 27,821     $ 14,497  
Interest and other charges, before reduction for amounts capitalized and deferred
     31,421       25,649  
Provision for income taxes
     13,241       3,123  
Interest element of rentals charged to income (a)
     23,924       26,159  
 
            
 
                
Earnings as defined
   $ 96,407     $ 69,428  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 31,421     $ 25,649  
Interest element of rentals charged to income (a)
     23,924       26,159  
 
            
 
                
Fixed charges as defined
   $ 55,345     $ 51,808  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     1.74       1.34  
 
            
     
(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
                 
    Nine Months Ended  
    September 30  
    2010     2009  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 161,971     $ 127,782  
Interest and other charges, before reduction for amounts capitalized and deferred
     90,508       90,659  
Provision for income taxes
     121,491       95,834  
Interest element of rentals charged to income (a)
     4,822       5,467  
 
            
 
                
Earnings as defined
   $ 378,792     $ 319,742  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 90,508     $ 90,659  
Interest element of rentals charged to income (a)
     4,822       5,467  
 
            
 
                
Fixed charges as defined
   $ 95,330     $ 96,126  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     3.97       3.33  
 
            
     
(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
                 
    Nine Months Ended  
    September 30  
    2010     2009  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 43,664     $ 37,370  
Interest and other charges, before reduction for amounts capitalized and deferred
     39,812       42,502  
Provision for income taxes
     30,968       21,027  
Interest element of rentals charged to income (a)
     1,642       1,647  
 
            
 
                
Earnings as defined
   $ 116,086     $ 102,546  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 39,812     $ 42,502  
Interest element of rentals charged to income (a)
     1,642       1,647  
 
            
 
                
Fixed charges as defined
   $ 41,454     $ 44,149  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     2.80       2.32  
 
            
     
(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
                 
    Nine Months Ended  
    September 30  
    2010     2009  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                
Income before extraordinary items
   $ 50,089     $ 49,307  
Interest and other charges, before reduction for amounts capitalized and deferred
     52,501       36,690  
Provision for income taxes
     28,280       29,393  
Interest element of rentals charged to income (a)
     2,538       2,324  
 
            
 
                
Earnings as defined
   $ 133,408     $ 117,714  
 
            
 
                
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                
Interest before reduction for amounts capitalized and deferred
   $ 52,501     $ 36,690  
Interest element of rentals charged to income (a)
     2,538       2,324  
 
            
 
                
Fixed charges as defined
   $ 55,039     $ 39,014  
 
            
 
                
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     2.42       3.02  
 
            
     
(a)  
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.