Attached files
| file | filename |
|---|---|
| EX-8.1 - EXHIBIT 8.1 - GULF POWER CO | gulf8-k2017aex8x1.htm |
| EX-5.2 - EXHIBIT 5.2 - GULF POWER CO | gulf8-k2017aex5x2.htm |
| EX-4.2 - EXHIBIT 4.2 - GULF POWER CO | gulf8-k2017aex4x2.htm |
| EX-1.3 - EXHIBIT 1.3 - GULF POWER CO | gulf8-k2017aex1x3.htm |
| 8-K - 8-K - GULF POWER CO | gulf8-k2017a.htm |
Exhibit 12.1 | |||||||||||||||||
GULF POWER COMPANY | |||||||||||||||||
Computation of ratio of earnings to fixed charges for | |||||||||||||||||
the five years ended December 31, 2016 | |||||||||||||||||
and the year to date March 31, 2017 | |||||||||||||||||
Year Ended December 31, | Three Months Ended March 31, | ||||||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | ||||||||||||||||||
---------------------------------------------Millions of Dollars----------------------------------------------- | |||||||||||||||||||||||
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||||||
Earnings Before Income Taxes | $ | 211 | $ | 212 | $ | 237 | $ | 249 | $ | 231 | $ | 34 | |||||||||||
Interest expense, net of amounts capitalized | 60 | 56 | 53 | 49 | 47 | 12 | |||||||||||||||||
Interest component of rental expense | 15 | 13 | 21 | 30 | 28 | 7 | |||||||||||||||||
AFUDC - Debt funds | 3 | 3 | 6 | 5 | — | — | |||||||||||||||||
Earnings as defined | $ | 289 | $ | 284 | $ | 317 | $ | 333 | $ | 306 | $ | 53 | |||||||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||||||
Interest on long-term debt | $ | 58 | $ | 55 | $ | 55 | $ | 57 | $ | 50 | $ | 10 | |||||||||||
Amortization of debt discount, premium and expense, net | 3 | 3 | 3 | 3 | 3 | 1 | |||||||||||||||||
Other interest charges | 2 | 1 | 1 | (5 | ) | (6 | ) | 1 | |||||||||||||||
Interest component of rental expense | 15 | 13 | 21 | 30 | 28 | 7 | |||||||||||||||||
Fixed charges as defined | $ | 78 | $ | 72 | $ | 80 | $ | 85 | $ | 75 | $ | 19 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 3.72 | 3.93 | 3.98 | 3.94 | 4.08 | 2.84 | |||||||||||||||||