|                                                                      |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     | EXHIBIT      12.5 |   |
|---------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|--------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|--------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|--------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|--------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|--------------------------------------------------------------------------|-------------------|--------|
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     | Page      1       |   |
| THE      TOLEDO EDISON COMPANY                                            |
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| CONSOLIDATED      RATIO OF EARNINGS TO FIXED CHARGES                      |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |              |   |
|                                                                      |                                                                                                                                                                         |                                                                                | Year      Ended December 31,                                             |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                     | 2003   |                                                                     |                                                                     | 2004   |                                                                     |                                                                     | 2005   |                                                                     |                                                                     | 2006   |                                                                     |                                                                     | 2007              |   |
|                                                                      |                                                                                                                                                                         |                                                                                | (Dollars      in thousands)                                              |   |
| EARNINGS      AS DEFINED IN REGULATION S-K:                               |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |
| Income before      extraordinary items                                    | $                                                                                                                                                                            |            19,930            |                                                                     | $      |            86,283 |                                                                     | $      |            76,164 |                                                                     | $      |            99,404 |                                                                     | $      |            91,239 |                                                                     |
| Interest and      other charges, before reduction for amounts capitalized |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |
|                                                                      | and      deferred                                                                                                                                                            |                                                                                |            42,126 |   |                                                                     |            33,439 |   |                                                                     |            21,489 |   |                                                                     |            23,179 |   |                                                                     |            34,135 |              |
| Provision for      income taxes                                           |                                                                                                                                                                         |              5,394 |                                                                     |   |            52,350 |                                                                     |   |            73,931 |                                                                     |   |            59,869 |                                                                     |   |            53,736 |                                                                     |
| Interest      element of rentals charged to income (a)                    |                                                                                                                                                                         |            84,894            |                                                                     |   |            82,879 |                                                                     |   |            80,042 |                                                                     |   |            77,158 |                                                                     |   |            57,393 |                                                                     |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |              |   |
|                                                                      | Earnings as      defined                                                                                                                                                     | $                                                                                   |          152,344            |   | $                                                                        |          254,951            |   | $                                                                        |          251,626            |   | $                                                                        |          259,610            |   | $                                                                        |          236,503            |              |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |              |   |
| FIXED      CHARGES AS DEFINED IN REGULATION S-K:                          |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |
| Interest      before reduction for amounts capitalized and deferred       | $                                                                                                                                                                            |            42,126            |                                                                     | $      |            33,439 |                                                                     | $      |            21,489 |                                                                     | $      |            23,179 |                                                                     | $      |            34,135 |                                                                     |
| Interest      element of rentals charged to income (a)                    |                                                                                                                                                                         |            84,894            |                                                                     |   |            82,879 |                                                                     |   |            80,042 |                                                                     |   |            77,158 |                                                                     |   |            57,393 |                                                                     |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |              |   |
|                                                                      | Fixed charges      as defined                                                                                                                                                | $                                                                                   |          127,020            |   | $                                                                        |          116,318            |   | $                                                                        |          101,531            |   | $                                                                        |          100,337            |   | $                                                                        |            91,528 |              |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |              |   |
| CONSOLIDATED      RATIO OF EARNINGS TO FIXED CHARGES                      | 1.20                                                                                                                                                                         |                                                                                |                                                                     | 2.19   |                                                                     |                                                                     | 2.48   |                                                                     |                                                                     | 2.59   |                                                                     |                                                                     | 2.58   |                                                                     |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |              |   |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |              |   |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |   |                                                                     |                                                                     |              |   |
|                                                                      | (a)       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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----

|                                                                      |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            | EXHIBIT      12.5 |   |   |
|---------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|-------------------|--------|--------|
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            | 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,                                                        |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                                | 2003   |                                                                                |                                                                                | 2004   |                                                                                |                                                                                | 2005   |                                                                                |                                                                                | 2006   |                                                                                                                            |                                                                                                                            | 2007              |   |   |
|                                                                      |                                                                                                                                                                         |                                                                                | (Dollars      in thousands)                                                         |   |                                                                                |
| EARNINGS      AS DEFINED IN REGULATION S-K:                               |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            |              |
| Income before      extraordinary items                                    | $                                                                                                                                                                            |            19,930            |                                                                                | $      |            86,283            |                                                                                | $      |            76,164            |                                                                                | $      |            99,404            |                                                                                | $      |            91,239                                                        |                                                                                                                            |              |
| Interest and      other charges, before reduction for amounts capitalized |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |
|                                                                      | and      deferred                                                                                                                                                            |                                                                                |            42,126            |   |                                                                                |            33,439            |   |                                                                                |            21,489            |   |                                                                                |            23,179            |   |                                                                                                                            |            34,135                                                        |              |   |
| Provision for      income taxes                                           |                                                                                                                                                                         |              5,394 |                                                                                |   |            52,350            |                                                                                |   |            73,931            |                                                                                |   |            59,869            |                                                                                |   |            53,736                                                        |                                                                                                                            |              |
| Interest      element of rentals charged to income (a)                    |                                                                                                                                                                         |            84,894            |                                                                                |   |            82,879            |                                                                                |   |            80,042            |                                                                                |   |            77,158            |                                                                                |   |            57,393                                                        |                                                                                                                            |              |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            |              |   |   |
|                                                                      | Earnings as      defined                                                                                                                                                     | $                                                                                   |          152,344                       |   | $                                                                                   |          254,951                       |   | $                                                                                   |          251,626                       |   | $                                                                                   |          259,610                       |   | $                                                                                                                               |          236,503                                                                   |              |   |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            |              |   |   |
| FIXED      CHARGES AS DEFINED IN REGULATION S-K PLUS                      |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |
|                                                                      | PREFERRED      STOCK DIVIDEND REQUIREMENTS                                                                                                                                   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            |              |   |
|                                                                      | (PRE-INCOME      TAX BASIS):                                                                                                                                                 |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            |              |   |
| Interest      before reduction for amounts capitalized and deferred       | $                                                                                                                                                                            |            42,126            |                                                                                | $      |            33,439            |                                                                                | $      |            21,489            |                                                                                | $      |            23,179            |                                                                                | $      |            34,135                                                        |                                                                                                                            |              |
| Preferred      stock dividend requirements                                |                                                                                                                                                                         |              8,838 |                                                                                |   |              8,844 |                                                                                |   |              7,795 |                                                                                |   |              9,409 |                                                                                |   |                      - |                                                                                                                            |              |
| Adjustments to      preferred stock dividends                             |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            |              |
|                                                                      | to state on a      pre-income tax basis                                                                                                                                      |                                                                                |              2,158 |   |                                                                                |              5,366 |   |                                                                                |              7,561 |   |                                                                                |              5,667 |   |                                                                                                                            |                      - |              |   |
| Interest      element of rentals charged to income (a)                    |                                                                                                                                                                         |            84,894            |                                                                                |   |            82,879            |                                                                                |   |            80,042            |                                                                                |   |            77,158            |                                                                                |   |            57,393                                                        |                                                                                                                            |              |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            |              |   |   |
| Fixed charges      as defined plus preferred stock                        |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            |              |
|                                                                      | dividend      requirements (pre-income tax basis)                                                                                                                            | $                                                                                   |          138,016                       |   | $                                                                                   |          130,528                       |   | $                                                                                   |          116,887                       |   | $                                                                                   |          115,413                       |   | $                                                                                                                               |            91,528                                                        |              |   |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            |              |   |   |
| CONSOLIDATED      RATIO OF EARNINGS TO FIXED CHARGES                      |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |
|                                                                      | PLUS      PREFERRED STOCK DIVIDEND REQUIREMENTS                                                                                                                              |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            |              |
|                                                                      | (PRE-INCOME      TAX BASIS)                                                                                                                                                  |                                                                                | 1.10                                                                                |   |                                                                                | 1.95                                                                                |   |                                                                                | 2.15                                                                                |   |                                                                                | 2.25                                                                                |   |                                                                                                                            | 2.58                                                                                                                            |              |   |
|                                                                      |                                                                                                                                                                         |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                |                                                                                |   |                                                                                                                            |                                                                                                                            |              |   |   |
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|                                                                      | (a)       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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