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EXHIBIT 12
FIRSTENERGY CORP.
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
For the Three Months Ended March 31, | 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 | $ | 177 | $ | 726 | $ | 44 | $ | 348 | $ | 509 | $ | 440 | ||||||||||||
Interest and other charges, before reduction for amounts capitalized and deferred | 250 | 1,017 | 984 | 960 | 894 | 824 | ||||||||||||||||||
Capitalized interest | (4 | ) | (17 | ) | (30 | ) | (32 | ) | (34 | ) | (35 | ) | ||||||||||||
Provision for income taxes | 252 | 572 | 227 | 188 | 153 | 261 | ||||||||||||||||||
Interest element of rentals charged to income(1) | 8 | 32 | 43 | 58 | 75 | 87 | ||||||||||||||||||
Earnings as defined | $ | 683 | $ | 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 | $ | 250 | $ | 1,017 | $ | 984 | $ | 960 | $ | 894 | $ | 824 | ||||||||||||
Interest element of rentals charged to income(1) | 8 | 32 | 43 | 58 | 75 | 87 | ||||||||||||||||||
Fixed charges as defined | $ | 258 | $ | 1,049 | $ | 1,027 | $ | 1,018 | $ | 969 | $ | 911 | ||||||||||||
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | 2.65 | 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. |
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