**EXHIBIT
12.4**
 **Page
1**
 
 
  **THE TOLEDO
EDISON COMPANY**
 
 **CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES**
 
 **Year
      Ended December 31,****2000**
    
    **2001**
    
    **2002**
    
    **2002**
    
    **2004*****(Dollars
      in thousands)*****EARNINGS
      AS DEFINED IN REGULATION S-K:**Income before
      extraordinary items
    
    $
    138,144
    
    $
    42,691
    
    $
    (5,142
    )
    $
    19,930
    
    $
    86,283Interest and
      other charges, before reduction for
      amounts
      capitalized
    
    
    71,373
    
    
    62,773
    
    
    57,672
    
    
    42,126
    
    
    33,439Provision for
      income taxes
    
    
    78,780
    
    
    26,362
    
    
    (9,844
    )
    
    5,394
    
    
    52,350Interest
      element of rentals charged to income (a)
    
    
    96,358
    
    
    92,108
    
    
    87,174
    
    
    84,894
    
    
    82,879Earnings as
      defined
    
    $
    384,655
    
    $
    223,934
    
    $
    129,860
    
    $
    152,344
    
    $
    254,951**FIXED
      CHARGES AS DEFINED IN REGULATION S-K:**Interest
      expense
    
    $
    71,373
    
    $
    62,773
    
    $
    57,672
    
    $
    42,126
    
    $
    33,439Interest
      element of rentals charged to income (a)
    
    
    96,358
    
    
    92,108
    
    
    87,174
    
    
    84,894
    
    
    82,879Fixed charges
      as defined
    
    $
    167,731
    
    $
    154,881
    
    $
    144,846
    
    $
    127,020
    
    $
    116,318**CONSOLIDATED
      RATIO OF EARNINGS TO FIXED**
      **CHARGES**
    
    
    2.29
    
    
    1.45
    
    
    0.90
    
    
    1.20
    
    
    2.19
 
 
 
 
 
 (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
12.4**
 **Page
2**
  **THE TOLEDO
EDISON COMPANY**
 
 **CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES PLUS PREFERRED**
 **STOCK
DIVIDEND REQUIREMENTS (PRE-INCOME TAX BASIS)**
 
 **Year
      Ended December 31,****2000**
    
    **2001**
    
    **2002**
    
    **2003**
    
    **2004*****(Dollars
      in thousands)*****EARNINGS
      AS DEFINED IN REGULATION S-K:**Income before
      extraordinary items
    
    $
    138,144
    
    $
    42,691
    
    $
    (5,142
    )
    $
    19,930
    
    $
    86,283Interest and
      other charges, before reduction for amounts capitalized
    
    
    71,373
    
    
    62,773
    
    
    57,672
    
    
    42,126
    
    
    33,439Provision for
      income taxes
    
    
    78,780
    
    
    26,362
    
    
    (9,844
    )
    
    5,394
    
    
    52,350Interest
      element of rentals charged to income (a)
    
    
    96,358
    
    
    92,108
    
    
    87,174
    
    
    84,894
    
    
    82,879Earnings as
      defined
    
    $
    384,655
    
    $
    223,934
    
    $
    129,860
    
    $
    152,344
    
    $
    254,951**FIXED
      CHARGES AS DEFINED IN REGULATION S-K PLUS PREFERRED**
      **STOCK
      DIVIDEND REQUIREMENTS**
      **(PRE-INCOME
      TAX BASIS):**Interest
      expense
    
    $
    71,373
    
    $
    62,773
    
    $
    57,672
    
    $
    42,126
    
    $
    33,439Preferred
      stock dividend requirements
    
    
    16,247
    
    
    16,135
    
    
    10,756
    
    
    8,838
    
    
    8,844Adjustments
      to preferred stock dividends
      to state on a
      pre-income tax basis
    
    
    10,143
    
    
    10,167
    
    
    4,146
    
    
    2,158
    
    
    5,366Interest
      element of rentals charged to income (a)
    
    
    96,358
    
    
    92,108
    
    
    87,174
    
    
    84,894
    
    
    82,879Fixed charges
      as defined plus preferred stock
      dividend
      requirements (pre-income tax basis)
    
    $
    194,121
    
    $
    181,183
    
    $
    159,748
    
    $
    138,016
    
    $
    130,528**CONSOLIDATED
      RATIO OF EARNINGS TO FIXED CHARGES PLUS**
      **PREFERRED
      STOCK DIVIDEND REQUIREMENTS**
      **(PRE-INCOME
      TAX BASIS)**
    
    
    1.98
    
    
    1.24
    
    
    0.81
    
    
    1.10
    
    
    1.95
 
 _________________
 
 (a)  Includes the
interest element of rentals where determinable plus 1/3 of rental expense where
no readily defined interest element can be determined.