**EXHIBIT
      12.3****Page
      1****THE
      CLEVELAND ELECTRIC ILLUMINATING
      COMPANY****CONSOLIDATED
      RATIO OF EARNINGS TO FIXED
      CHARGES****Year
      Ended December 31,****2002**
    
    **2003**
    
    **2004**
    
    **2005**
    
    **2006****(Dollars
      in thousands)****EARNINGS
      AS DEFINED IN REGULATION S-K:**Income before
      extraordinary items
    
    $
    136,952
    
    $
    197,033
    
    $
    236,531
    
    $
    231,059
    
    $
    306,051Interest and
      other charges, before reduction for amounts capitalized
    
    
    189,502
    
    
    164,132
    
    
    138,678
    
    
    132,226
    
    
    141,710Provision for
      income taxes
    
    
    84,938
    
    
    131,285
    
    
    138,856
    
    
    153,014
    
    
    188,662Interest
      element of rentals charged to income (a)
    
    
    51,170
    
    
    49,761
    
    
    49,375
    
    
    47,643
    
    
    45,955Earnings as
      defined
    
    $
    462,562
    
    $
    542,211
    
    $
    563,440
    
    $
    563,942
    
    $
    682,378**FIXED
      CHARGES AS DEFINED IN REGULATION S-K:**Interest on
      long-term debt
    
    $
    180,602
    
    $
    159,632
    
    $
    138,678
    
    $
    132,226
    
    $
    141,710Subsidiary's
      preferred stock dividend requirements
    
    
    8,900
    
    
    4,500
    
    
    -
    
    
    -
    
    
    -Interest
      element of rentals charged to income (a)
    
    
    51,170
    
    
    49,761
    
    
    49,375
    
    
    47,643
    
    
    45,955Fixed charges
      as defined
    
    $
    240,672
    
    $
    213,893
    
    $
    188,053
    
    $
    179,869
    
    $
    187,665**CONSOLIDATED
      RATIO OF EARNINGS TO FIXED CHARGES**
    
    
    1.92
    
    
    2.53
    
    
    3.00
    
    
    3.14
    
    
    3.64(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
      12.3****Page
      2****THE
      CLEVELAND ELECTRIC ILLUMINATING
      COMPANY****CONSOLIDATED
      RATIO OF EARNINGS TO FIXED CHARGES
      PLUS****PREFERRED
      STOCK DIVIDEND REQUIREMENTS (PRE-INCOME TAX
      BASIS)****Year
      Ended December 31,****2002**
    
    **2003**
    
    **2004**
    
    **2005**
    
    **2006****(Dollars
      in thousands)****EARNINGS
      AS DEFINED IN REGULATION S-K:**Income before
      extraordinary items
    
    $
    136,952
    
    $
    197,033
    
    $
    236,531
    
    $
    231,059
    
    $
    306,051Interest and
      other charges, before reduction for amounts capitalized
    
    
    189,502
    
    
    164,132
    
    
    138,678
    
    
    132,226
    
    
    141,710Provision for
      income taxes
    
    
    84,938
    
    
    131,285
    
    
    138,856
    
    
    153,014
    
    
    188,662Interest
      element of rentals charged to income (a)
    
    
    51,170
    
    
    49,761
    
    
    49,375
    
    
    47,643
    
    
    45,955Earnings as
      defined
    
    $
    462,562
    
    $
    542,211
    
    $
    563,440
    
    $
    563,942
    
    $
    682,378**FIXED
      CHARGES AS DEFINED IN REGULATION S-K PLUS****PREFERRED
      STOCK DIVIDEND REQUIREMENTS****(PRE-INCOME
      TAX BASIS):**Interest on
      long-term debt
    
    $
    180,602
    
    $
    159,632
    
    $
    138,678
    
    $
    132,226
    
    $
    141,710Preferred
      stock dividend requirements
    
    
    24,590
    
    
    12,026
    
    
    7,008
    
    
    2,918
    
    
    -Adjustments to
      preferred stock dividendsto state on a
      pre-income tax basis
    
    
    8,204
    
    
    5,137
    
    
    4,113
    
    
    1,932
    
    
    -Interest
      element of rentals charged to income (a)
    
    
    51,170
    
    
    49,761
    
    
    49,375
    
    
    47,643
    
    
    45,955Fixed charges
      as defined plus preferred stockdividend
      requirements (pre-income tax basis)
    
    $
    264,566
    
    $
    226,556
    
    $
    199,174
    
    $
    184,719
    
    $
    187,665**CONSOLIDATED
      RATIO OF EARNINGS TO FIXED CHARGES****PLUS
      PREFERRED STOCK DIVIDEND REQUIREMENTS****(PRE-INCOME
      TAX BASIS)**
    
    
    1.75
    
    
    2.39
    
    
    2.83
    
    
    3.05
    
    
    3.64(a)Includes the
      interest element of rentals where determinable plus 1/3 of rental expense
      where no readily defined interest element can be
    determined.