Attached files
| file | filename |
|---|---|
| EX-5.1 - GEORGIA POWER CO | x5.htm |
| EX-4.2 - GEORGIA POWER CO | x4-2.htm |
| EX-1.4 - GEORGIA POWER CO | x1-4.htm |
| 8-K - GEORGIA POWER CO | ga2012c8-k.htm |
| Exhibit 12.1 |
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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 June 30, 2012
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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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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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-----------------------------------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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1,253,532
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$
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1,401,995
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$
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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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$
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712,251
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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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3,673
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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
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180,953
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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
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42,467
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59,943
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31,388
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Amortization of capitalized interest
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41
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40
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41
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40
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40
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20
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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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28,440
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39,573
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39,719
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54,253
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36,952
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10,787
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Earnings as defined
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$
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1,638,512
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$
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1,808,610
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$
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1,683,646
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$
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1,889,190
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$
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2,235,106
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$
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939,072
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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
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$
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324,117
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$
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371,341
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$
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377,011
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$
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362,030
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$
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182,957
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|||||
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Interest on affiliated loans
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65,413
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22,295
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13,045
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12,526
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9,340
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174
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Interest on interim obligations
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8,463
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3,114
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538
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0
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0
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1,359
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Amort of debt disc, premium and expense, net
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18,344
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19,906
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20,241
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21,492
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22,497
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11,389
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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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(4,087)
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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
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42,467
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59,943
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31,388
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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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$
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402,531
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$
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447,261
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$
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472,153
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$
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439,976
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$
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223,180
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RATIO OF EARNINGS TO FIXED CHARGES
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4.28
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4.49
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3.76
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4.00
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5.08
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4.21
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