Exhibit 12D
                                                                  Page 1 of 2

               PENNSYLVANIA ELECTRIC COMPANY AND SUBSIDIARY COMPANIES
        STATEMENTS SHOWING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                   AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES
         AND PREFERRED STOCK DIVIDENDS BASED ON SEC REGULATION S-K, ITEM 503
                                    (In Thousands)
       ----------------------------------------------------------------------
                                       UNAUDITED


                                                        Six Months Ended
                                                  --------------------------
                                                    June 30,        June 30,
                                                      1998            1997
                                                  -----------       --------


OPERATING REVENUES                                 $514,010         $537,615
                                                    -------          -------

OPERATING EXPENSES                                  405,584          401,360
  Interest portion of rentals (A)                     2,474            2,166
                                                    -------          -------
      Net expense                                   403,110          399,194
                                                    -------          -------

OTHER INCOME AND DEDUCTIONS:
  Allowance for funds used
    during construction                                 989              921
  Other income, net                                   1,733            1,255
                                                    -------          -------
      Total other income and deductions               2,722            2,176
                                                    -------          -------

EARNINGS AVAILABLE FOR FIXED CHARGES
  AND PREFERRED STOCK DIVIDENDS (excluding
  taxes based on income)                           $113,622         $140,597
                                                    =======          =======

FIXED CHARGES:
  Interest on funded indebtedness                  $ 23,974         $ 24,219
  Other interest (B)                                  9,053            8,837
  Interest portion of rentals (A)                     2,474            2,166
                                                    -------          -------
      Total fixed charges                          $ 35,501         $ 35,222
                                                    =======          =======

RATIO OF EARNINGS TO FIXED CHARGES                     3.20             3.99
                                                       ====             ====

Preferred stock dividend requirement               $    347         $    318
Ratio of income before provision for
  income taxes to net income (C)                      168.4%           170.7%
                                                    -------          -------
Preferred stock dividend requirement
  on a pretax basis                                     584              543
Fixed charges, as above                              35,501           35,222
                                                    -------          -------
      Total fixed charges and
        preferred stock dividends                  $ 36,085         $ 35,765
                                                    =======          =======

RATIO OF EARNINGS TO COMBINED FIXED CHARGES
  AND PREFERRED STOCK DIVIDENDS                        3.15             3.93
                                                       ====             ====

<PAGE>


                                                                  Exhibit 12D
                                                                  Page 2 of 2


               PENNSYLVANIA ELECTRIC COMPANY AND SUBSIDIARY COMPANIES
        STATEMENTS SHOWING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                   AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES
         AND PREFERRED STOCK DIVIDENDS BASED ON SEC REGULATION S-K, ITEM 503
                                    (In Thousands)
       ----------------------------------------------------------------------
                                       UNAUDITED






NOTES:

(A)   Penelec has included the equivalent of the interest portion of all rentals
      charged to income as fixed  charges for this  statement  and has  excluded
      such components from Operating Expenses.

(B)   Includes dividends on company-obligated  mandatorily  redeemable preferred
      securities  of $4,594 for the six month  periods  ended June 30,  1998 and
      1997, respectively.

(C)   Represents  income  before  provision  for  income  taxes of  $78,121  and
      $105,375  for  the six  month  periods  ended  June  30,  1998  and  1997,
      respectively,  divided by income before  extraordinary item of $46,396 and
      net income of $61,735, respectively for the same periods.