Attached files
| file | filename |
|---|---|
| EX-5.1(A) - EXHIBIT 5.1(A) - SOUTHERN POWER CO | sopo8k2016d-efex5x1a.htm |
| EX-5.1(B) - EXHIBIT 5.1(B) - SOUTHERN POWER CO | sopo8k2016d-efex5x1b.htm |
| EX-8.1(C) - EXHIBIT 8.1(C) - SOUTHERN POWER CO | sopo8k2016d-efex8x1c.htm |
| EX-8.1(B) - EXHIBIT 8.1(B) - SOUTHERN POWER CO | sopo8k2016d-efex8x1b.htm |
| EX-8.1(A) - EXHIBIT 8.1(A) - SOUTHERN POWER CO | sopo8k2016d-efex8x1a.htm |
| EX-5.1(C) - EXHIBIT 5.1(C) - SOUTHERN POWER CO | sopo8k2016d-efex5x1c.htm |
| EX-4.4(C) - EXHIBIT 4.4(C) - SOUTHERN POWER CO | sopo8k2016d-efex4x4c.htm |
| EX-4.4(B) - EXHIBIT 4.4(B) - SOUTHERN POWER CO | sopo8k2016d-efex4x4b.htm |
| EX-4.4(A) - EXHIBIT 4.4(A) - SOUTHERN POWER CO | sopo8k2016d-efex4x4a.htm |
| EX-1.2(C) - EXHIBIT 1.2(C) - SOUTHERN POWER CO | sopo8k2016d-efex1x2c.htm |
| EX-1.2(B) - EXHIBIT 1.2(B) - SOUTHERN POWER CO | sopo8k2016d-efex1x2b.htm |
| EX-1.2(A) - EXHIBIT 1.2(A) - SOUTHERN POWER CO | sopo8k2016d-efex1x2a.htm |
| 8-K - 8-K - SOUTHERN POWER CO | sopo2016d-ef8xk.htm |
Exhibit 12.1 | |||||||||||||||||
SOUTHERN POWER COMPANY | |||||||||||||||||
Computation of ratio of earnings to fixed charges for | |||||||||||||||||
the five years ended December 31, 2015 | |||||||||||||||||
and the nine months ended September 30, 2016 | |||||||||||||||||
Year ended December 31, | Nine Months Ended September 30, | ||||||||||||||||||||||
2011 | 2012 | 2013 | 2014 | 2015 | 2016 | ||||||||||||||||||
---------------------------------------------Millions of Dollars----------------------------------------------- | |||||||||||||||||||||||
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||||||
Earnings Before Income Taxes | $ | 238 | $ | 268 | $ | 212 | $ | 172 | $ | 250 | $ | 187 | |||||||||||
Interest expense, net of amounts capitalized | 77 | 63 | 74 | 89 | 77 | 78 | |||||||||||||||||
Interest component of rental expense | — | — | 1 | 1 | 3 | 5 | |||||||||||||||||
Amortization of capitalized interest | 4 | 4 | 6 | 5 | 5 | 4 | |||||||||||||||||
Pre-tax net (income)/loss from non-controlling interest | — | — | — | 1 | (12 | ) | (35 | ) | |||||||||||||||
Earnings as defined | $ | 319 | $ | 335 | $ | 293 | $ | 268 | $ | 323 | $ | 239 | |||||||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||||||
Interest on long-term debt | $ | 92 | $ | 79 | $ | 81 | $ | 86 | $ | 84 | $ | 88 | |||||||||||
Interest on interim obligations | 1 | 2 | 1 | 1 | 4 | 18 | |||||||||||||||||
Amortization of debt discount, premium and expense, net | 2 | 1 | 1 | 1 | 2 | 3 | |||||||||||||||||
Other interest charges | 1 | — | — | 1 | 1 | 1 | |||||||||||||||||
Interest component of rental expense | — | — | 1 | 1 | 3 | 5 | |||||||||||||||||
Fixed charges as defined | $ | 96 | $ | 82 | $ | 84 | $ | 90 | $ | 94 | $ | 115 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 3.34 | 4.09 | 3.47 | 2.97 | 3.45 | 2.08 | |||||||||||||||||