Attached files
| file | filename |
|---|---|
| 8-K - GEORGIA POWER CO | gpc2012ab8k.htm |
| EX-4.2(B) - GEORGIA POWER CO | gpc2012b-si.htm |
| EX-1.4(B) - GEORGIA POWER CO | gpc2012b-ua.htm |
| EX-5.1(B) - GEORGIA POWER CO | gpc2012b-tso.htm |
| EX-1.4(A) - GEORGIA POWER CO | gpc2012aro-ua.htm |
| EX-5.1(A) - GEORGIA POWER CO | gpc2012aro-tso.htm |
| EX-8 - GEORGIA POWER CO | gpc2012aro-tsto.htm |
| Exhibit 12.1 |
|
GEORGIA 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, 2011
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and the year to date March 31, 2012
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Three
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Months
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|||||||||||||||||
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Ended
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Year ended December 31,
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March 31,
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||||||||||||||||
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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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2012
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||||||||||||
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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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$
|
1,253,532
|
$
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1,401,995
|
$
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1,236,111
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$
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1,414,245
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$
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1,781,406
|
$
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261,928
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|||||
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Distributed income of equity investees
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2,622
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4,278
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363
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2,849
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13,830
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2,020
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|||||||||||
|
Interest expense, net of amounts capitalized
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343,461
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345,415
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385,889
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375,336
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342,935
|
90,558
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|||||||||||
|
Interest component of rental expense
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10,416
|
17,309
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21,523
|
42,467
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59,943
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16,951
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|||||||||||
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Amortization of capitalized interest
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41
|
40
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41
|
40
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40
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10
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|||||||||||
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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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|||||||||||
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AFUDC - Debt funds
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28,440
|
39,573
|
39,719
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54,253
|
36,952
|
5,542
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|||||||||||
|
Earnings as defined
|
$
|
1,638,512
|
$
|
1,808,610
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$
|
1,683,646
|
$
|
1,889,190
|
$
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2,235,106
|
$
|
377,009
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|||||
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|||||||||||||||||
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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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268,772
|
$
|
324,117
|
$
|
371,341
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$
|
377,011
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$
|
362,030
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$
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86,466
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|||||
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Interest on affiliated loans
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65,413
|
22,295
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13,045
|
12,526
|
9,340
|
119
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|||||||||||
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Interest on interim obligations
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8,463
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3,114
|
538
|
0
|
0
|
848
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|||||||||||
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Amort of debt disc, premium and expense, net
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18,344
|
19,906
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20,241
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21,492
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22,497
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5,656
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|||||||||||
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Other interest charges
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11,137
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15,790
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20,573
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18,657
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(13,834)
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3,034
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|||||||||||
|
Interest component of rental expense
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10,416
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17,309
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21,523
|
42,467
|
59,943
|
16,951
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|||||||||||
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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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382,545
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$
|
402,531
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$
|
447,261
|
$
|
472,153
|
$
|
439,976
|
$
|
113,074
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|||||
|
RATIO OF EARNINGS TO FIXED CHARGES
|
4.28
|
4.49
|
3.76
|
4.00
|
5.08
|
3.33
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