Attached files
| file | filename |
|---|---|
| 8-K - MISSISSIPPI POWER CO | ms2012areopen8k.htm |
| EX-8 - MISSISSIPPI POWER CO | x8.htm |
| EX-1.3 - MISSISSIPPI POWER CO | ex1-3.htm |
| EX-5.1 - MISSISSIPPI POWER CO | ex5-1.htm |
| Exhibit 12.1 |
|
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, 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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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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137,594,001
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$
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136,041,069
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$
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136,913,336
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$
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128,224,330
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$
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138,107,611
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$
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81,786,755
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|||||
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Interest expense, net of amounts capitalized
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18,157,804
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17,978,728
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22,940,331
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22,340,879
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21,691,360
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20,828,330
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|||||||||||
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Interest component of rental expense
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30,386,000
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31,139,000
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30,279,000
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30,089,000
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24,388,799
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1,914,779
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|||||||||||
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AFUDC - Debt funds
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11,852
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228,997
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117,290
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2,903,203
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8,182,311
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12,653,264
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|||||||||||
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Earnings as defined
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$
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186,149,657
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$
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185,387,794
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$
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190,249,957
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$
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183,557,412
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$
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192,370,081
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$
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117,183,128
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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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12,440,269
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$
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15,466,831
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$
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20,620,126
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$
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21,795,022
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$
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29,171,448
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$
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26,913,742
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|||||
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Interest on affiliated loans
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4,094,712
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729,529
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47,222
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33,054
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14,354
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0
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|||||||||||
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Amort of debt disc, premium and expense, net
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1,055,246
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1,204,115
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1,399,277
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1,624,020
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406,628
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704,949
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|||||||||||
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Other interest charges
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579,428
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807,250
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990,996
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1,791,985
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2,164,264
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5,686,035
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|||||||||||
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Interest component of rental expense
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30,386,000
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31,139,000
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30,279,000
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30,089,000
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24,388,799
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1,914,779
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|||||||||||
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Fixed charges as defined
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$
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48,555,655
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$
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49,346,725
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$
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53,336,621
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$
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55,333,081
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$
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56,145,493
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$
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35,219,505
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|||||
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RATIO OF EARNINGS TO FIXED CHARGES
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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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3.43
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3.33
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(a) Includes the interest component of rentals where determinable plus one-third of remaining rental expense.