Attached files
file | filename |
---|---|
8-K - GEORGIA POWER CO | gpc2012ab8k.htm |
EX-4.2(B) - GEORGIA POWER CO | gpc2012b-si.htm |
EX-1.4(B) - GEORGIA POWER CO | gpc2012b-ua.htm |
EX-5.1(B) - GEORGIA POWER CO | gpc2012b-tso.htm |
EX-1.4(A) - GEORGIA POWER CO | gpc2012aro-ua.htm |
EX-5.1(A) - GEORGIA POWER CO | gpc2012aro-tso.htm |
EX-8 - GEORGIA POWER CO | gpc2012aro-tsto.htm |
Exhibit 12.1 |
GEORGIA POWER COMPANY
|
Computation of ratio of earnings to fixed charges for
|
the five years ended December 31, 2011
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and the year to date March 31, 2012
|
Three
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|||||||||||||||||
Months
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|||||||||||||||||
Ended
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|||||||||||||||||
Year ended December 31,
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March 31,
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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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||||||||||||
-----------------------------------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
|
$
|
1,253,532
|
$
|
1,401,995
|
$
|
1,236,111
|
$
|
1,414,245
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$
|
1,781,406
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$
|
261,928
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|||||
Distributed income of equity investees
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2,622
|
4,278
|
363
|
2,849
|
13,830
|
2,020
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|||||||||||
Interest expense, net of amounts capitalized
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343,461
|
345,415
|
385,889
|
375,336
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342,935
|
90,558
|
|||||||||||
Interest component of rental expense
|
10,416
|
17,309
|
21,523
|
42,467
|
59,943
|
16,951
|
|||||||||||
Amortization of capitalized interest
|
41
|
40
|
41
|
40
|
40
|
10
|
|||||||||||
Distributions on mandatorily redeemable preferred securities
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||
AFUDC - Debt funds
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28,440
|
39,573
|
39,719
|
54,253
|
36,952
|
5,542
|
|||||||||||
Earnings as defined
|
$
|
1,638,512
|
$
|
1,808,610
|
$
|
1,683,646
|
$
|
1,889,190
|
$
|
2,235,106
|
$
|
377,009
|
|||||
|
|||||||||||||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
|
|||||||||||||||||
Interest on long-term debt
|
$
|
268,772
|
$
|
324,117
|
$
|
371,341
|
$
|
377,011
|
$
|
362,030
|
$
|
86,466
|
|||||
Interest on affiliated loans
|
65,413
|
22,295
|
13,045
|
12,526
|
9,340
|
119
|
|||||||||||
Interest on interim obligations
|
8,463
|
3,114
|
538
|
0
|
0
|
848
|
|||||||||||
Amort of debt disc, premium and expense, net
|
18,344
|
19,906
|
20,241
|
21,492
|
22,497
|
5,656
|
|||||||||||
Other interest charges
|
11,137
|
15,790
|
20,573
|
18,657
|
(13,834)
|
3,034
|
|||||||||||
Interest component of rental expense
|
10,416
|
17,309
|
21,523
|
42,467
|
59,943
|
16,951
|
|||||||||||
Distributions on mandatorily redeemable preferred securities
|
0
|
0
|
0
|
0
|
0
|
0
|
|||||||||||
Fixed charges as defined
|
$
|
382,545
|
$
|
402,531
|
$
|
447,261
|
$
|
472,153
|
$
|
439,976
|
$
|
113,074
|
|||||
RATIO OF EARNINGS TO FIXED CHARGES
|
4.28
|
4.49
|
3.76
|
4.00
|
5.08
|
3.33
|