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EXHIBIT 12
Page 1 JERSEY CENTRAL POWER & LIGHT COMPANY CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES Nine Months EndedSeptember 30,2004
    
    2003Restated(See Note 2)(In thousands)EARNINGS AS DEFINED IN REGULATION S-K:Income before extraordinary items
    
    $
    102,565
    
    
    $
    79,708Add-Interest and other charges, before reduction for
amounts capitalized and deferred interest income
    
    
    64,199
    
    
    
    73,291Provision for income taxes
    
    
    74,066
    
    
    
    58,350Interest element of rentals charged to income (a)
    
    
    5,318
    
    
    
    2,373Earnings as defined
    
    $
    246,148
    
    
    $
    213,722FIXED CHARGES AS DEFINED IN REGULATION S-K:Interest on long-term debt
    
    $
    62,241
    
    
    $
    66,867Other interest expense
    
    
    1,958
    
    
    
    1,076Subsidiarys preferred stock dividend requirements
    
    
    
    
    
    
    5,348Interest element of rentals charged to income (a)
    
    
    5,318
    
    
    
    2,373Fixed charges as defined
    
    $
    69,517
    
    
    $
    75,664CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    
    
    3.54
    
    
    
    2.82
   (a)
    
    Includes the interest element of rentals calculated at 1/3 of rental
expense as no readily defined interest element can be determined. 167




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EXHIBIT 12
Page 2 JERSEY CENTRAL POWER & LIGHT COMPANY CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES PLUS PREFERRED
STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS) Nine Months EndedSeptember 30,2004
    
    2003Restated(See Note 2)(In thousands)EARNINGS AS DEFINED IN REGULATION S-K:Income before extraordinary items
    
    $
    102,565
    
    
    $
    79,708Add-Interest and other charges, before reduction for
amounts capitalized and deferred interest income
    
    
    64,199
    
    
    
    73,291Provision for income taxes
    
    
    74,066
    
    
    
    58,350Interest element of rentals charged to income (a)
    
    
    5,318
    
    
    
    2,373Earnings as defined
    
    $
    246,148
    
    
    $
    213,722FIXED CHARGES AS DEFINED IN REGULATION S-K PLUS PREFERRED
STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS):Interest on long-term debt
    
    $
    62,241
    
    
    $
    66,867Other interest expense
    
    
    1,958
    
    
    
    1,076Preferred stock dividend requirements
    
    
    375
    
    
    
    5,111Adjustment to preferred stock dividends
to state on a pre-income tax basis
    
    
    271
    
    
    
    (174
    )Interest element of rentals charged to income (a)
    
    
    5,318
    
    
    
    2,373Fixed charges as defined plus preferred stock dividend requirements
(pre-income tax basis)
    
    $
    70,163
    
    
    $
    75,253CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
PLUS PREFERRED STOCK DIVIDEND REQUIREMENTS
(PRE-INCOME TAX BASIS)
    
    
    3.51
    
    
    
    2.84
   (a)
    
    Includes the interest element of rentals calculated at 1/3 of rental
expense as no readily defined interest element can be determined. 168




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EXHIBIT 12
Page 1 METROPOLITAN EDISON COMPANY
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES Nine Months EndedSeptember 30,2004
    
    2003(In thousands)EARNINGS AS DEFINED IN REGULATION S-K:Income before extraordinary items
    
    $
    41,786
    
    
    $
    43,354Add-Interest and other charges, before reduction for
amounts capitalized and deferred interest income
    
    
    34,054
    
    
    
    35,543Provision for income taxes
    
    
    27,641
    
    
    
    28,124Interest element of rentals charged to income (a)
    
    
    1,061
    
    
    
    (184
    )Earnings as defined
    
    $
    104,542
    
    
    $
    106,837FIXED CHARGES AS DEFINED IN REGULATION S-K:Interest on long-term debt
    
    $
    31,208
    
    
    $
    28,378Other interest expense
    
    
    2,846
    
    
    
    3,386Subsidiarys preferred stock dividend requirements
    
    
    
    
    
    
    3,779Interest element of rentals charged to income (a)
    
    
    1,061
    
    
    
    (184
    )Fixed charges as defined
    
    $
    35,115
    
    
    $
    35,359CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    
    
    2.98
    
    
    
    3.02
   (a)
    
    Includes the interest element of rentals calculated at 1/3 of rental
expense as no readily defined interest element can be determined. 169




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EXHIBIT 12
Page 1 PENNSYLVANIA ELECTRIC COMPANY CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES Nine Months EndedSeptember 30,2004
    
    2003Restated(See Note 2)(In thousands)EARNINGS AS DEFINED IN REGULATION S-K:Income before extraordinary items
    
    $
    26,944
    
    
    $
    18,050Add-Interest and other charges, before reduction for
amounts capitalized and deferred interest income
    
    
    30,591
    
    
    
    28,233Provision for income taxes
    
    
    15,658
    
    
    
    11,968Interest element of rentals charged to income (a)
    
    
    1,999
    
    
    
    313Earnings as defined
    
    $
    75,192
    
    
    $
    58,564FIXED CHARGES AS DEFINED IN REGULATION S-K:Interest on long-term debt
    
    $
    22,528
    
    
    $
    22,123Other interest expense
    
    
    8,063
    
    
    
    2,333Subsidiarys preferred stock dividend requirements
    
    
    
    
    
    
    3,777Interest element of rentals charged to income (a)
    
    
    1,999
    
    
    
    313Fixed charges as defined
    
    $
    32,590
    
    
    $
    28,546CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
    
    
    2.31
    
    
    
    2.05
   (a)
    
    Includes the interest element of rentals calculated at 1/3 of rental
expense as no readily defined interest element can be determined. 170