EX-12.2 9 ex12-2.htm EXHIBIT 12 - CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES - FES ex12-2.htm
EXHIBIT 12.2
                               
FIRSTENERGY SOLUTIONS CORP.
  
                               
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
  
                               
 
Year Ended December 31,
  
   
2005
    
2006
    
2007
    
2008
    
2009
  
 
(Dollars in thousands)
  
EARNINGS AS DEFINED IN REGULATION S-K:
                              
Income before extraordinary items
   $ 208,560     $ 418,653     $ 528,864     $ 506,410     $ 577,084  
Interest and other charges, before reduction for amounts capitalized
                                        
and deferred
     196,355       189,141       157,700       141,511       152,226  
Provision for income taxes
     124,499       236,348       304,608       293,181       315,290  
Interest element of rentals charged to income (a)
     1,434       1,797       24,669       99,360       95,126  
                                         
Earnings as defined
   $ 530,848     $ 845,939     $ 1,015,841     $ 1,040,462     $ 1,139,726  
                                         
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                                        
Interest before reduction for amounts capitalized and deferred
   $ 196,355     $ 189,141     $ 157,700     $ 141,511     $ 152,226  
Interest element of rentals charged to income (a)
     1,434       1,797       24,669       99,360       95,126  
                                         
Fixed charges as defined
   $ 197,789     $ 190,938     $ 182,369     $ 240,871     $ 247,352  
                                         
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     2.68       4.43       5.57       4.32       4.61  
                                         
                                         
 
                                        
                                         
(a)  Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.