Attached files
file | filename |
---|---|
8-K - MISSISSIPPI POWER CO | ms2011a2012a8k.htm |
EX-8 - MISSISSIPPI POWER CO | x8.htm |
EX-1.3A - MISSISSIPPI POWER CO | x1-3a.htm |
EX-4.2B - MISSISSIPPI POWER CO | x4-2b.htm |
EX-5.1A - MISSISSIPPI POWER CO | x5-1a.htm |
EX-5.1B - MISSISSIPPI POWER CO | x5-1b.htm |
EX-1.3B - MISSISSIPPI POWER CO | x1-3b.htm |
Exhibit 12.1 | |||||||||||||||
MISSISSIPPI POWER COMPANY
|
|||||||||||||||
Computation of ratio of earnings to fixed charges for
|
|||||||||||||||
and the year to date December 31, 2011
|
2007
|
2008
|
2009
|
2010
|
2011
|
||||||||||||
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
|
||||||||||||||||
Earnings before income taxes
|
$
|
137,594
|
$
|
136,041
|
$
|
136,913
|
$
|
128,224
|
$
|
138,108
|
||||||
Interest expense, net of amounts capitalized
|
18,158
|
17,979
|
22,940
|
22,341
|
21,691
|
|||||||||||
Interest component of rental expense
|
30,386
|
31,139
|
30,279
|
30,089
|
24,389
|
|||||||||||
AFUDC - Debt funds
|
12
|
229
|
117
|
2,903
|
8,182
|
|||||||||||
Earnings as defined
|
$
|
186,150
|
$
|
185,388
|
$
|
190,249
|
$
|
183,557
|
$
|
192,370
|
||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
|
||||||||||||||||
Interest on long-term debt
|
$
|
12,440
|
$
|
15,467
|
$
|
20,620
|
$
|
21,795
|
$
|
29,171
|
||||||
Interest on affiliated loans
|
4,095
|
730
|
47
|
33
|
14
|
|||||||||||
Amort of debt disc, premium and expense, net
|
1,055
|
1,204
|
1,399
|
1,624
|
407
|
|||||||||||
Other interest charges
|
580
|
807
|
992
|
1,792
|
2,165
|
|||||||||||
Interest component of rental expense
|
30,386
|
31,139
|
30,279
|
30,089
|
24,389
|
|||||||||||
Fixed charges as defined
|
$
|
48,556
|
$
|
49,347
|
$
|
53,337
|
$
|
55,333
|
$
|
56,146
|
||||||
RATIO OF EARNINGS TO FIXED CHARGES
|
3.83
|
3.76
|
3.57
|
3.32
|
3.43
|