Attached files
| file | filename |
|---|---|
| 8-K - GULF POWER CO | gu2011aform8-k.htm |
| EX-5.2 - GULF POWER CO | x5-2.htm |
| EX-4.2 - GULF POWER CO | x4-2.htm |
| EX-1.3 - GULF POWER CO | x1-3.htm |
| Exhibit 12.1 |
| 5/4/2011 |
|
GULF POWER COMPANY
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Computation of ratio of earnings to fixed charges for
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the five years ended December 31, 2010
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and the year to date March 31, 2011
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Three
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Months
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Ended
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Year ended December 31,
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March 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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2011
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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
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$
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124,582
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$
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135,082
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$
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158,651
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$
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170,461
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$
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199,228
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$
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20,001
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Interest expense, net of amounts capitalized
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44,134
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44,680
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43,098
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38,358
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51,897
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13,629
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Distributions on mandatorily redeemable preferred securities
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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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0
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AFUDC - Debt funds
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160
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1,048
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3,973
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9,489
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2,875
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851
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Earnings as defined
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$
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168,876
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$
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180,810
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$
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205,722
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$
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218,308
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$
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254,000
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$
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34,481
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FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
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Interest on long-term debt
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$
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28,863
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$
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36,351
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$
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41,174
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$
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42,166
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$
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49,298
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$
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13,110
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Interest on affiliated loans
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6,887
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4,510
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739
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80
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108
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38
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Interest on interim obligations
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3,713
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169
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513
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701
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37
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11
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Amort of debt disc, premium and expense, net
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2,894
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2,837
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2,755
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2,890
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2,918
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670
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Other interest charges
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1,937
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1,861
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1,890
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2,010
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2,411
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651
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Distributions on mandatorily redeemable preferred securities
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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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0
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Fixed charges as defined
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$
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44,294
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$
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45,728
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$
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47,071
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$
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47,847
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$
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54,772
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$
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14,480
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RATIO OF EARNINGS TO FIXED CHARGES
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3.81
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3.95
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4.37
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4.56
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4.64
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2.38
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