Attached files
| file | filename |
|---|---|
| 8-K - SOUTHERN POWER CO | sopo2011a8k.htm |
| EX-4.4 - SOUTHERN POWER CO | x4-4.htm |
| EX-1.2 - SOUTHERN POWER CO | x1-2.htm |
| EX-5.1 - SOUTHERN POWER CO | x5-1.htm |
| Exhibit 12.1 |
| 9/12/2011 |
|
SOUTHERN POWER COMPANY
|
|
Computation of ratio of earnings to fixed charges for
|
|
the five years ended December 31, 2010
|
|
and the year to date June 30, 2011
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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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|||||||||||||||||
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2006
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2007
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2008
|
2009
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2010
|
2011
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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
|
$
|
206,280
|
$
|
215,185
|
$
|
237,251
|
$
|
241,515
|
$
|
206,665
|
$
|
127,335
|
||||||
|
Interest expense, net of amounts capitalized
|
80,153
|
79,175
|
83,212
|
84,963
|
76,120
|
36,603
|
||||||||||||
|
Distributions on mandatorily redeemable preferred securities
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||||
|
AFUDC - Debt funds
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||||
|
Earnings as defined
|
$
|
286,433
|
$
|
294,360
|
$
|
320,463
|
$
|
326,478
|
$
|
282,785
|
$
|
163,938
|
||||||
|
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
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||||||||||||||||||
|
Interest on long-term debt
|
$
|
75,994
|
$
|
88,037
|
$
|
86,301
|
$
|
84,279
|
$
|
85,054
|
$
|
42,774
|
||||||
|
Interest on affiliated loans
|
0
|
0
|
0
|
0
|
8
|
534
|
||||||||||||
|
Interest on interim obligations
|
8,294
|
5,414
|
1,574
|
(122)
|
603
|
795
|
||||||||||||
|
Amort of debt disc, premium and expense, net
|
1,513
|
2,169
|
2,098
|
2,098
|
2,098
|
1,035
|
||||||||||||
|
Other interest charges
|
0
|
96
|
314
|
332
|
467
|
320
|
||||||||||||
|
Distributions on mandatorily redeemable preferred securities
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||||
|
Fixed charges as defined
|
$
|
85,801
|
$
|
95,716
|
$
|
90,287
|
$
|
86,587
|
$
|
88,230
|
$
|
45,458
|
||||||
|
RATIO OF EARNINGS TO FIXED CHARGES
|
3.34
|
3.08
|
3.55
|
3.77
|
3.21
|
3.61
|
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