Attached files
| file | filename |
|---|---|
| 8-K - 8-K - SOUTHERN POWER CO | sopower8-k2013a7x13.htm |
| EX-5.1 - EXHIBIT - SOUTHERN POWER CO | sopowerex5-18xk2013a7x13.htm |
| EX-4.4 - EXHIBIT - SOUTHERN POWER CO | sopowerex4-48xk2013a7x13.htm |
| EX-1.2 - EXHIBIT - SOUTHERN POWER CO | sopowerex1-28xk2013a7x13.htm |
Exhibit 12.1 | |||||||||||||||||
SOUTHERN POWER COMPANY | |||||||||||||||||
Computation of ratio of earnings to fixed charges for | |||||||||||||||||
the five years ended December 31, 2012 | |||||||||||||||||
and the year to date March 31, 2013 | |||||||||||||||||
Year ended December 31, | Three Months Ended March 31, | ||||||||||||||||||||||
2008 | 2009 | 2010 | 2011 | 2012 | 2013 | ||||||||||||||||||
--------------------------------------------Thousands of Dollars-------------------------------------------- | |||||||||||||||||||||||
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||||||
Earnings Before Income Taxes | $ | 237,250 | $ | 241,515 | $ | 206,664 | $ | 238,088 | $ | 267,906 | $ | 44,022 | |||||||||||
Interest expense, net of amounts capitalized | 83,212 | 84,963 | 76,120 | 77,334 | 62,503 | 20,394 | |||||||||||||||||
Interest component of rental expense | 150 | 159 | 176 | 191 | 267 | 57 | |||||||||||||||||
Amortization of capitalized interest | 2,239 | 2,885 | 2,905 | 3,412 | 4,498 | 1,575 | |||||||||||||||||
Earnings as defined | $ | 322,851 | $ | 329,522 | $ | 285,865 | $ | 319,025 | $ | 335,174 | $ | 66,048 | |||||||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||||||
Interest on long-term debt | $ | 86,301 | $ | 84,279 | $ | 85,054 | $ | 90,479 | $ | 78,497 | $ | 19,771 | |||||||||||
Interest on affiliated loans | — | — | 8 | 534 | — | — | |||||||||||||||||
Interest on interim obligations | 1,574 | (122 | ) | 603 | 1,374 | 1,930 | 305 | ||||||||||||||||
Amortization of debt discount, premium and expense, net | 2,098 | 2,098 | 2,098 | 2,026 | 1,169 | 296 | |||||||||||||||||
Other interest charges | 314 | 333 | 466 | 922 | (1 | ) | 22 | ||||||||||||||||
Interest component of rental expense | 150 | 159 | 176 | 191 | 267 | 57 | |||||||||||||||||
Fixed charges as defined | $ | 90,437 | $ | 86,747 | $ | 88,405 | $ | 95,526 | $ | 81,862 | $ | 20,451 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 3.57 | 3.80 | 3.23 | 3.34 | 4.09 | 3.23 | |||||||||||||||||