Norwalk Power S-4 Registration of securities issued in business combination transactions

Exhibit 12.01

NRG ENERGY, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	For the Six Months
	Ended June 30,			For the Year Ended December 31,
	2014(a)			2013(a)			2012(a)			2011(a)			2010			2009
				(in millions except ratio)
Earnings:
Income/(loss) from continuing operations before income tax	$	(304	)	$	(634	)	$	(12	)	$	(646	)	$	753		$	1,669
Less:
Distributions and equity in earnings of unconsolidated affiliates	39			84			2			9			(19		)	(41		)
Impairment charge on equity method investment	—			(99		)	2			495			—			—
Capitalized interest	(13		)	(130		)	(140		)	(80		)	(36		)	(37		)
Add:
Fixed charges	630			1,037			864			931			678			703
Amortization of capitalized interest	10			14			11			7			4			3
Total Earnings:	$	362		$	272		$	727		$	716		$	1,380		$	2,297
Fixed Charges:
Interest expense	$	617		$	932		$	671		$	808		$	600		$	610
Interest capitalized	13			130			140			80			36			37
Amortization of debt issuance costs	18			33			32			26			25			31
Amortization of debt discount	(25		)	(67		)	9			6			7			13
Approximation of interest in rental expense	7			9			12			11			10			12
Total Fixed Charges:	$	630		$	1,037		$	864		$	931		$	678		$	703
Ratio of Earnings to Combined Fixed Charges	0.57			0.26			0.84			0.77			2.03			3.27

(a)The ratio coverage for the six months ended June 30, 2014 and the years ended December 31, 2013, 2012 and 2011 was less than 1:1.  NRG Energy, Inc. would have needed to generate additional earnings of $268 million, $765 million, $137 million and $215 million, respectively, to achieve a ratio coverage of 1:1 for those years.