EX-12.6 7 c11256exv12w6.htm EXHIBIT 12.6 Exhibit 12.6
EXHIBIT 12.6

Page 1
JERSEY CENTRAL POWER & LIGHT COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                                         
    Year Ended December 31,  
    2006     2007     2008     2009     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                                       
Income before extraordinary items
  $ 190,607     $ 186,108     $ 186,988     $ 170,499     $ 192,095  
Interest and other charges, before reduction for amounts capitalized and deferred
    94,035       107,232       106,316       121,105       121,005  
Provision for income taxes
    146,731       149,056       148,231       108,778       148,264  
Interest element of rentals charged to income (a)
    8,838       7,976       7,702       7,063       6,276  
 
                             
 
                                       
Earnings as defined
  $ 440,211     $ 450,372     $ 449,237     $ 407,445     $ 467,640  
 
                             
 
                                       
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                                       
Interest before reduction for amounts capitalized and deferred
  $ 94,035     $ 107,232     $ 106,316     $ 121,105     $ 121,005  
Interest element of rentals charged to income (a)
    8,838       7,976       7,702       7,063       6,276  
 
                             
 
                                       
Fixed charges as defined
  $ 102,873     $ 115,208     $ 114,018     $ 128,168     $ 127,281  
 
                             
 
                                       
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    4.28       3.91       3.94       3.18       3.67  
 
                             
 
     
(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 12.6

Page 2
JERSEY CENTRAL POWER & LIGHT COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES PLUS
PREFERRED STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS)
                                         
    Year Ended December 31,  
    2006     2007     2008     2009     2010  
    (Dollars in thousands)  
EARNINGS AS DEFINED IN REGULATION S-K:
                                       
Income before extraordinary items
  $ 190,607     $ 186,108     $ 186,988     $ 170,499     $ 192,095  
Interest and other charges, before reduction for amounts capitalized and deferred
    94,035       107,232       106,316       121,105       121,005  
Provision for income taxes
    146,731       149,056       148,231       108,778       148,264  
Interest element of rentals charged to income (a)
    8,838       7,976       7,702       7,063       6,276  
 
                             
 
                                       
Earnings as defined
  $ 440,211     $ 450,372     $ 449,237     $ 407,445     $ 467,640  
 
                             
 
                                       
FIXED CHARGES AS DEFINED IN REGULATION S-K PLUS PREFERRED STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS):
                                       
Interest before reduction for amounts capitalized and deferred
  $ 94,035     $ 107,232     $ 106,316     $ 121,105     $ 121,005  
Preferred stock dividend requirements
    1,018                          
Adjustments to preferred stock dividends to state on a pre-income tax basis
    784                          
Interest element of rentals charged to income (a)
    8,838       7,976       7,702       7,063       6,276  
 
                             
 
                                       
Fixed charges as defined plus preferred stock dividend requirements (pre-income tax basis)
  $ 104,675     $ 115,208     $ 114,018     $ 128,168     $ 127,281  
 
                             
 
                                       
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES PLUS PREFERRED STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS)
    4.21       3.91       3.94       3.18       3.67  
 
                             
 
     
(a)  
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.