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8-K - GEORGIA POWER COga2010a8k.htm
EX-4.2 - GEORGIA POWER COex4-2.htm
EX-5.1 - GEORGIA POWER COex5-1.htm
EX-1.4 - GEORGIA POWER COex1-4.htm

                           
Exhibit 12.1
 
                           
2/20/2010
 
GEORGIA POWER COMPANY
 
Computation of ratio of earnings to fixed charges for
 
the five years ended December 31, 2009
 
                               
                               
  Year ended December 31,
   
2005
   
2006
   
2007
   
2008
   
2009
 
                               
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
                         
    Earnings before income taxes
  $ 1,197,831     $ 1,236,845     $ 1,262,232     $ 1,410,963     $ 1,244,272  
    Interest expense, net of amounts capitalized
    297,313       319,894       345,538       347,419       387,759  
    AFUDC - Debt funds
    11,812       12,354       28,469       39,609       39,790  
       Earnings as defined
  $ 1,506,956     $ 1,569,093     $ 1,636,239     $ 1,797,991     $ 1,671,821  
                                         
                                         
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
                                 
    Interest on long-term debt
  $ 215,264     $ 217,954     $ 270,429     $ 325,774     $ 372,998  
    Interest on affiliated loans
    68,735       87,672       65,769       22,574       13,097  
    Interest on interim obligations
    0       0       8,463       3,114       538  
    Amort of debt disc, premium and expense, net
    17,109       17,054       18,431       19,994       20,329  
    Other interest charges
    8,017       9,571       10,915       15,571       20,587  
       Fixed charges as defined
  $ 309,125     $ 332,251     $ 374,007     $ 387,027     $ 427,549  
                                         
                                         
                                         
RATIO OF EARNINGS TO FIXED CHARGES
  4.87
 
  4.72     4.37     4.65     3.91