EX-12.1 4 a2169219zex-12_1.htm EXHIBIT 12.1

EXHIBIT 12.1

OHIO EDISON COMPANY

CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

 
   Year Ended December 31,
 
   2001
   2002
   2003
   2004
   2005
 
   (Dollars in thousands)
EARNINGS AS DEFINED IN REGULATION S-K:                              
Income before extraordinary items   $ 350,212   $ 356,159   $ 292,925   $ 342,766   $ 330,398
Interest and other charges, before reduction for
    amounts capitalized		     187,890     144,170     116,868     74,051     77,077
Provision for income taxes     239,135     255,915     241,173     278,303     309,995
Interest element of rentals charged to income(a)     104,507     102,469     107,611     104,239     101,862
   
 
 
 
 
  Earnings as defined   $ 881,744   $ 858,713   $ 758,577   $ 799,359   $ 819,332
   
 
 
 
 
FIXED CHARGES AS DEFINED IN REGULATION S-K:                              
Interest on long-term debt   $ 150,632   $ 119,123   $ 91,068   $ 59,465   $ 58,709
Other interest expense     22,754     14,598     22,069     12,026     16,679
Subsidiaries' preferred stock dividend requirements     14,504     10,449     3,731     2,560     1,689
Adjustments to subsidiaries' preferred stock dividends
    to state on a pre-income tax basis		     2,481     2,661     3,014     1,975     1,351
Interest element of rentals charged to income (a)     104,507     102,469     107,611     104,239     101,862
   
 
 
 
 
  Fixed charges as defined   $ 294,878   $ 249,300   $ 227,493   $ 180,265   $ 180,290
   
 
 
 
 
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES     2.99     3.44     3.33     4.43     4.54
   
 
 
 
 
(a)
Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.