EX-12.8 9 c11256exv12w8.htm EXHIBIT 12.8 Exhibit 12.8
EXHIBIT 12.8
PENNSYLVANIA ELECTRIC 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
  $ 84,182     $ 92,938     $ 88,170     $ 65,388     $ 59,492  
Interest and other charges, before reduction for amounts capitalized and deferred
    45,278       54,840       59,424       54,605       69,864  
Provision for income taxes
    56,539       64,015       57,647       45,694       41,173  
Interest element of rentals charged to income (a)
    3,247       3,214       3,319       3,141       3,385  
 
                             
 
                                       
Earnings as defined
  $ 189,246     $ 215,007     $ 208,560     $ 168,828     $ 173,914  
 
                             
 
                                       
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                                       
Interest before reduction for amounts capitalized and deferred
  $ 45,278     $ 54,840     $ 59,424     $ 54,605     $ 69,864  
Interest element of rentals charged to income (a)
    3,247       3,214       3,319       3,141       3,385  
 
                             
 
                                       
Fixed charges as defined
  $ 48,525     $ 58,054     $ 62,743     $ 57,746     $ 73,249  
 
                             
 
                                       
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    3.90       3.70       3.32       2.92       2.37  
 
                             
 
     
(a)  
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.