Attached files
| file | filename |
|---|---|
| 8-K - SOUTHERN CO | so2010aform8k.htm |
| EX-1.2 - SOUTHERN CO | x1-2.htm |
| EX-5.1 - SOUTHERN CO | x5-1.htm |
| EX-4.2 - SOUTHERN CO | x4-2.htm |
Exhibit 12.1
9/8/2010
|
THE SOUTHERN COMPANY
|
|||||||||||||||||
|
Computation of ratio of earnings to fixed charges for
|
|||||||||||||||||
|
the five years ended December 31, 2009
|
|||||||||||||||||
|
and the year to date June 30, 2010
|
|||||||||||||||||
|
Six
|
|||||||||||||||||
|
Months
|
|||||||||||||||||
|
Ended
|
|||||||||||||||||
|
Year ended December 31,
|
June 30,
|
||||||||||||||||
|
2005
|
2006
|
2007
|
2008
|
2009
|
2010
|
||||||||||||
|
--------------------------------------------------Thousands of Dollars---------------------------
|
|||||||||||||||||
|
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
|
|||||||||||||||||
|
Earnings Before Income Taxes
|
$
|
2,215,603
|
$
|
2,389,290
|
$
|
2,616,759
|
$
|
2,721,867
|
$
|
2,603,838
|
$
|
1,520,275
|
|||||
|
Interest expense, net of amounts capitalized
|
746,819
|
865,874
|
885,794
|
866,202
|
904,697
|
441,151
|
|||||||||||
|
AFUDC - Debt funds
|
20,500
|
20,453
|
47,519
|
64,063
|
82,579
|
35,717
|
|||||||||||
|
Less: Dividends on preferred and preference stock of subsidiaries
|
(30,176)
|
(34,606)
|
(47,764)
|
(64,780)
|
(64,780)
|
(32,390)
|
|||||||||||
|
Earnings as defined
|
$
|
2,952,746
|
$
|
3,241,011
|
$
|
3,502,308
|
$
|
3,587,352
|
$
|
3,526,334
|
$
|
1,964,753
|
|||||
|
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
|
|||||||||||||||||
|
Interest on long-term debt
|
$
|
558,974
|
$
|
626,753
|
$
|
739,285
|
$
|
810,232
|
$
|
874,382
|
$
|
439,161
|
|||||
|
Interest on affiliated loans
|
127,721
|
122,088
|
66,372
|
23,454
|
22,405
|
9,552
|
|||||||||||
|
Interest on interim obligations
|
25,358
|
76,745
|
75,249
|
30,285
|
3,917
|
818
|
|||||||||||
|
Amort of debt disc, premium and expense, net
|
36,698
|
57,878
|
45,675
|
39,579
|
40,106
|
20,618
|
|||||||||||
|
Other interest charges
|
18,568
|
2,863
|
6,732
|
26,715
|
46,466
|
6,719
|
|||||||||||
|
Fixed charges as defined
|
767,319
|
886,327
|
933,313
|
930,265
|
987,276
|
476,868
|
|||||||||||
|
Tax deductible preferred dividends
|
1,554
|
1,293
|
1,281
|
1,281
|
1,281
|
641
|
|||||||||||
|
768,873
|
887,620
|
934,594
|
931,546
|
988,557
|
477,509
|
||||||||||||
|
Non-tax deductible preferred and preference dividends
|
28,622
|
33,313
|
46,483
|
63,499
|
63,499
|
31,749
|
|||||||||||
|
Ratio of net income before taxes to net income
|
x
|
1.367
|
x
|
1.485
|
x
|
1.469
|
x
|
1.507
|
x
|
1.525
|
x
|
1.466
|
|||||
|
Preferred and preference dividend requirements
before income taxes
|
39,126
|
49,470
|
68,284
|
95,693
|
96,836
|
46,544
|
|||||||||||
|
Fixed charges plus preferred and preference
dividend requirements
|
$
|
807,999
|
$
|
937,090
|
$
|
1,002,878
|
$
|
1,027,239
|
$
|
1,085,393
|
$
|
524,053
|
|||||
|
RATIO OF EARNINGS TO FIXED CHARGES
|
3.65
|
3.46
|
3.49
|
3.49
|
3.25
|
3.75
|
|||||||||||