Attached files
file | filename |
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EX-4.2 - GEORGIA POWER CO | x4-2.htm |
EX-1.4 - GEORGIA POWER CO | x1-4.htm |
EX-5.1 - GEORGIA POWER CO | x5-1.htm |
8-K - GEORGIA POWER CO | form8-kga2011b.htm |
Exhibit 12.1
4/6/2011
GEORGIA POWER COMPANY
Computation of ratio of earnings to fixed charges for
the five years ended December 31, 2010
Year ended December 31,
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2006
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2007
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2008
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2009
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2010
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------------------------------------Thousands of Dollars--------------------------------
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EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
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Earnings before income taxes
|
$
|
1,236,845
|
$
|
1,262,231
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$
|
1,410,963
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$
|
1,244,272
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$
|
1,423,397
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|||||
Interest expense, net of amounts capitalized
|
319,893
|
345,538
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347,418
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387,759
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377,254
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||||||||||
Distributions on mandatorily redeemable preferred securities
|
0
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0
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0
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0
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0
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||||||||||
AFUDC - Debt funds
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12,354
|
28,470
|
39,610
|
39,790
|
54,295
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||||||||||
Earnings as defined
|
$
|
1,569,092
|
$
|
1,636,239
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$
|
1,797,991
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$
|
1,671,821
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$
|
1,854,946
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|||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
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Interest on long-term debt
|
$
|
217,954
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$
|
270,429
|
$
|
325,774
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$
|
372,998
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$
|
378,668
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|||||
Interest on affiliated loans
|
87,672
|
65,769
|
22,574
|
13,097
|
12,594
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||||||||||
Interest on interim obligations
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0
|
8,463
|
3,114
|
538
|
0
|
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Amort of debt disc, premium and expense, net
|
17,054
|
18,432
|
19,994
|
20,329
|
21,580
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||||||||||
Other interest charges
|
9,567
|
10,915
|
15,572
|
20,587
|
18,707
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||||||||||
Distributions on mandatorily redeemable preferred securities
|
0
|
0
|
0
|
0
|
0
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||||||||||
Fixed charges as defined
|
$
|
332,247
|
$
|
374,008
|
$
|
387,028
|
$
|
427,549
|
$
|
431,549
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RATIO OF EARNINGS TO FIXED CHARGES
|
4.72
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4.37
|
4.65
|
3.91
|
4.30
|