Attached files
| file | filename |
|---|---|
| 8-K - MISSISSIPPI POWER CO | ms8k2011a-b.htm |
| EX-5.1B - MISSISSIPPI POWER CO | x5-1b.htm |
| EX-1.3B - MISSISSIPPI POWER CO | x1-3b.htm |
| EX-5.1A - MISSISSIPPI POWER CO | x5-1a.htm |
| EX-4.2B - MISSISSIPPI POWER CO | x4-2b.htm |
| EX-4.2A - MISSISSIPPI POWER CO | x4-2a.htm |
| EX-1.3A - MISSISSIPPI POWER CO | x1-3a.htm |
| Exhibit 12.1 | ||||||||||||||||||
| 10/12/2011 | ||||||||||||||||||
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MISSISSIPPI 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 June 30, 2011
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Six
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Months
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Ended
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Year ended December 31,
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June 30,
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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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131,840
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$
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137,594
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$
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136,042
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$
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136,914
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$
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128,225
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$
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60,511
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Interest expense, net of amounts capitalized
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18,640
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18,158
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17,979
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22,940
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22,341
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11,545
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Interest component of rental expense (a)
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30,306
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30,386
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31,139
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30,279
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30,089
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14,658
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AFUDC - Debt funds
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0
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12
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229
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117
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2,903
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2,572
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Earnings as defined
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$
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180,786
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$
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186,150
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$
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185,389
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$
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190,250
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$
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183,558
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$
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89,286
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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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11,808
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$
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12,440
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$
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15,467
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$
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20,620
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$
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21,795
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$
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11,567
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Interest capitalized as a regulatory asset
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10,567
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0
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0
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0
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0
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181
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Interest on affiliated loans
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3,881
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4,095
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730
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47
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33
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11
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Interest on interim obligations
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1,425
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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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Amort of debt disc, premium and expense, net
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1,061
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1,055
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1,204
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1,399
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1,624
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980
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Other interest charges
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465
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580
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807
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991
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1,792
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1,559
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Interest component of rental expense (a)
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30,306
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30,386
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31,139
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30,279
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30,089
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14,658
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Fixed charges as defined
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$
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59,513
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$
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48,556
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$
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49,347
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$
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53,336
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$
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55,333
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$
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28,956
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RATIO OF EARNINGS TO FIXED CHARGES
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3.04
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3.83
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3.76
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3.57
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3.32
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3.08
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(a) Includes the interest component of rentals where determinable plus one-third of remaining rental expense.
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