EX-12 3 fe-06302018xex12.htm EXHIBIT 12
EXHIBIT 12
FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

|  | For the Six Months Ended June 30, |  | For the Years Ended December 31,
|  | 2018 |  | 2017 |  | 2016 |  | 2015 |  | 2014 |  | 2013
(In millions) |  |
EARNINGS AS DEFINED IN REGULATION S-K: |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 444 |  |  | $ | 726 |  |  | $ | 44 |  |  | $ | 348 |  |  | $ | 509 |  |  | $ | 440 |
Interest and other charges, before reduction for amounts capitalized and deferred |  | 619 |  |  | 1,017 |  |  | 984 |  |  | 960 |  |  | 894 |  |  | 824 |
Capitalized interest |  | (8 | ) |  | (17 | ) |  | (30 | ) |  | (32 | ) |  | (34 | ) |  | (35 | )
Provision for income taxes |  | 367 |  |  | 572 |  |  | 227 |  |  | 188 |  |  | 153 |  |  | 261 |
Interest element of rentals charged to income(1) |  | 16 |  |  | 32 |  |  | 43 |  |  | 58 |  |  | 75 |  |  | 87 |
Earnings as defined |  | $ | 1,438 |  |  | $ | 2,330 |  |  | $ | 1,268 |  |  | $ | 1,522 |  |  | $ | 1,597 |  |  | $ | 1,577 |
FIXED CHARGES AS DEFINED IN REGULATION S-K: |  |  |  |  |  |  |  |  |  |  |  |
Interest before reduction for amounts capitalized and deferred |  | $ | 619 |  |  | $ | 1,017 |  |  | $ | 984 |  |  | $ | 960 |  |  | $ | 894 |  |  | $ | 824 |
Interest element of rentals charged to income(1) |  | 16 |  |  | 32 |  |  | 43 |  |  | 58 |  |  | 75 |  |  | 87 |
Fixed charges as defined |  | $ | 635 |  |  | $ | 1,049 |  |  | $ | 1,027 |  |  | $ | 1,018 |  |  | $ | 969 |  |  | $ | 911 |
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES |  | 2.26 |  |  | 2.22 |  |  | 1.23 |  |  | 1.50 |  |  | 1.65 |  |  | 1.73 |

(1) | Includes the interest element of rentals where determinable plus 1/3 of rental expense where no readily defined interest element can be determined.