Attached files

file filename
8-K - 8-K - GEORGIA POWER COga8k2016a2016b.htm
EX-1.4(A) - EXHIBIT 1.4(A) - GEORGIA POWER COex1-4aga8k2016a2016b.htm
EX-4.2(B) - EXHIBIT 4.2(B) - GEORGIA POWER COex4-2bga8k2016a2016b.htm
EX-1.4(B) - EXHIBIT 1.4(B) - GEORGIA POWER COex1-4bga8k2016a2016b.htm
EX-5.1(A) - EXHIBIT 5.1(A) - GEORGIA POWER COex5-1aga8xk2016a2016b.htm
EX-5.1(B) - EXHIBIT 5.1(B) - GEORGIA POWER COex5-1bga8xk2016a2016b.htm
EX-8.1(B) - EXHIBIT 8.1(B) - GEORGIA POWER COex8-1bga8xk2016a2016b.htm
EX-8.1(A) - EXHIBIT 8.1(A) - GEORGIA POWER COex8-1aga8xk2016a2016b.htm
EX-4.2(A) - EXHIBIT 4.2(A) - GEORGIA POWER COex4-2aga8k2016a2016b.htm


Exhibit 12.1
GEORGIA POWER COMPANY
Computation of ratio of earnings to fixed charges for
the five years ended December 31, 2015
 
 
Year ended December 31,
 
 
 
 
2011
 
 
2012
 
 
2013
 
 
2014
 
 
2015
 
------------------------------Thousands of Dollars---------------------------------
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
Earnings Before Income Taxes
 
 
$
1,781,406

 
$
1,867,911

 
$
1,909,491

 
$
1,965,691

 
$
2,040,164

Distributed income of equity investees
 
 
 
13,830

 
 
7,126

 
 
3,649

 
 
1,632

 
 
17

Interest expense, net of amounts capitalized
 
 
 
342,935

 
 
365,842

 
 
360,546

 
 
348,482

 
 
363,120

Interest component of rental expense
 
 
 
59,943

 
 
60,987

 
 
64,442

 
 
64,296

 
 
97,651

Amortization of capitalized interest
 
 
 
40

 
 
41

 
 
40

 
 
40

 
 
40

AFUDC - Debt funds
 
 
 
36,952

 
 
21,185

 
 
13,500

 
 
17,903

 
 
16,061

Earnings as defined
 
 
$
2,235,106

 
$
2,323,092

 
$
2,351,668

 
$
2,398,044

 
$
2,517,053

FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
Interest on long-term debt
 
 
$
362,030

 
$
364,508

 
$
340,983

 
$
332,634

 
$
345,282

Interest on affiliated loans
 
 
 
9,340

 
 
174

 
 
281

 
 
697

 
 
811

Interest on interim obligations
 
 
 

 
 
1,359

 
 
664

 
 
671

 
 
495

Amortization of debt discount, premium and expense, net
 
 
 
22,497

 
 
23,033

 
 
25,868

 
 
25,315

 
 
24,496

Other interest charges
 
 
 
(13,834
)
 
 
(1,953
)
 
 
6,366

 
 
7,400

 
 
8,277

Interest component of rental expense
 
 
 
59,943

 
 
60,987

 
 
64,442

 
 
64,296

 
 
97,651

Fixed charges as defined
 
 
$
439,976

 
$
448,108

 
$
438,604

 
$
431,013

 
$
477,012

RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
5.08

 
 
5.18

 
 
5.36

 
 
5.56

 
 
5.28