EX-12.6 13 ex12-6.htm EXHIBIT 12 - CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES - JCP&L ex12-6.htm
EXHIBIT 12.6
Page 1
JERSEY CENTRAL POWER & LIGHT COMPANY
  
                               
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
   $ 182,927     $ 190,607     $ 186,108     $ 186,988     $ 170,499  
Interest and other charges, before reduction for amounts capitalized
                                        
and deferred
     85,519       94,035       107,232       106,316       121,105  
Provision for income taxes
     135,846       146,731       149,056       148,231       108,778  
Interest element of rentals charged to income (a)
     7,091       8,838       7,976       7,702       7,063  
                                         
Earnings as defined
   $ 411,383     $ 440,211     $ 450,372     $ 449,237     $ 407,445  
                                         
FIXED CHARGES AS DEFINED IN REGULATION S-K:
                                        
Interest before reduction for amounts capitalized and deferred
   $ 85,519     $ 94,035     $ 107,232     $ 106,316     $ 121,105  
Interest element of rentals charged to income (a)
     7,091       8,838       7,976       7,702       7,063  
                                         
Fixed charges as defined
   $ 92,610     $ 102,873     $ 115,208     $ 114,018     $ 128,168  
                                         
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
     4.44       4.28       3.91       3.94       3.18  
                                         
 
                                        
                                         
                                         
(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,
  
   
2005
    
2006
    
2007
    
2008
    
2009
  
   
(Dollars in thousands)
  
EARNINGS AS DEFINED IN REGULATION S-K:
                              
Income before extraordinary items
   $ 182,927     $ 190,607     $ 186,108     $ 186,988     $ 170,499  
Interest and other charges, before reduction for amounts capitalized
                                        
and deferred
     85,519       94,035       107,232       106,316       121,105  
Provision for income taxes
     135,846       146,731       149,056       148,231       108,778  
Interest element of rentals charged to income (a)
     7,091       8,838       7,976       7,702       7,063  
                                         
Earnings as defined
   $ 411,383     $ 440,211     $ 450,372     $ 449,237     $ 407,445  
                                         
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
   $ 85,519     $ 94,035     $ 107,232     $ 106,316     $ 121,105  
Preferred stock dividend requirements
     500       1,018       -       -       -  
Adjustments to preferred stock dividends
                                        
to state on a pre-income tax basis
     371       784       -       -       -  
Interest element of rentals charged to income (a)
     7,091       8,838       7,976       7,702       7,063  
                                         
Fixed charges as defined plus preferred stock
                                        
dividend requirements (pre-income tax basis)
   $ 93,481     $ 104,675     $ 115,208     $ 114,018     $ 128,168  
                                         
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
                                        
PLUS PREFERRED STOCK DIVIDEND REQUIREMENTS
                                        
(PRE-INCOME TAX BASIS)
     4.40       4.21       3.91       3.94       3.18  
                                         
 
                                        
                                         
                                         
(a)  Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.