Attached files

file filename
EX-8.1B - EXHIBIT 8.1B - GEORGIA POWER COga8-k2017a2017bex8x1b.htm
EX-8.1A - EXHIBIT 8.1A - GEORGIA POWER COga8k2017a2017bex8-1a.htm
EX-5.1B - EXHIBIT 5.1B - GEORGIA POWER COga8k2017a2017bex5-1b.htm
EX-5.1A - EXHIBIT 5.1A - GEORGIA POWER COga8k2017a2017bex5-1a.htm
EX-4.2B - EXHIBIT 4.2B - GEORGIA POWER COga57thsupindenture2017b3-17.htm
EX-4.2A - EXHIBIT 4.2A - GEORGIA POWER COga56thsupindenture2017a3-17.htm
EX-1.4B - EXHIBIT 1.4B - GEORGIA POWER COga8k2017a2017bex1-4b.htm
EX-1.4A - EXHIBIT 1.4A - GEORGIA POWER COga8k2017a2017bex1-4a.htm
8-K - 8-K - GEORGIA POWER COga2017a2017b8-k.htm


Exhibit 12.1
GEORGIA POWER COMPANY
Computation of ratio of earnings to fixed charges for
the five years ended December 31, 2016
 
Year ended December 31,
 
 
 
 
2012
 
 
2013
 
 
2014
 
 
2015
 
 
2016
 
------------------------------Millions of Dollars---------------------------------
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
 
 
 
 
 
 
 
 
 
 
Earnings Before Income Taxes
 
 
$
1,868

 
$
1,909

 
$
1,966

 
$
2,040

 
$
2,123

Distributed income of equity investees
 
 
 
7

 
 
4

 
 
2

 
 

 
 
12

Interest expense, net of amounts capitalized
 
 
 
366

 
 
361

 
 
348

 
 
363

 
 
388

Interest component of rental expense
 
 
 
61

 
 
64

 
 
64

 
 
98

 
 
103

Amortization of capitalized interest
 
 
 

 
 

 
 

 
 

 
 

AFUDC - Debt funds
 
 
 
21

 
 
14

 
 
18

 
 
16

 
 
20

Earnings as defined
 
 
$
2,323

 
$
2,352

 
$
2,398

 
$
2,517

 
$
2,646

FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
Interest on long-term debt
 
 
$
365

 
$
341

 
$
333

 
$
345

 
$
376

Interest on affiliated loans
 
 
 

 
 

 
 
1

 
 
1

 
 
1

Interest on interim obligations
 
 
 
1

 
 
1

 
 
1

 
 

 
 

Amortization of debt discount, premium and expense, net
 
 
 
23

 
 
26

 
 
25

 
 
25

 
 
22

Other interest charges
 
 
 
(2
)
 
 
6

 
 
7

 
 
8

 
 
10

Interest component of rental expense
 
 
 
61

 
 
65

 
 
64

 
 
98

 
 
102

Fixed charges as defined
 
 
$
448

 
$
439

 
$
431

 
$
477

 
$
511

RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
5.18

 
 
5.36

 
 
5.56

 
 
5.28

 
 
5.17