Exhibit 12.1
NRG Energy, Inc.
Calculation of Ratio of Earnings to Fixed Charges
Calculation of Ratio of Earnings to Fixed Charges
| For the Year Ended December 31, | ||||||||||||||||||||
| 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
| (In millions except ratio) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
| Income from continuing operations before income tax | $ | 1,729 | $ | 946 | $ | 865 | $ | 110 | $ | 232 | ||||||||||
| Minority interest in earnings | (1 | ) | — | — | — | — | ||||||||||||||
Less: | ||||||||||||||||||||
| Undistributed equity in earning of unconsolidated affiliates | (44 | ) | (33 | ) | (33 | ) | (8 | ) | (1 | ) | ||||||||||
| Capitalized interest | (45 | ) | (11 | ) | (5 | ) | — | — | ||||||||||||
Add: | ||||||||||||||||||||
| Fixed charges | 671 | 702 | 599 | 180 | 249 | |||||||||||||||
| Amortization of capitalized interest | 1 | — | — | — | — | |||||||||||||||
Total Earnings: | $ | 2,311 | $ | 1,604 | $ | 1,426 | $ | 282 | $ | 480 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
| Interest expense | $ | 591 | $ | 657 | $ | 562 | $ | 166 | $ | 222 | ||||||||||
| Interest capitalized | 45 | 11 | 5 | — | — | |||||||||||||||
| Amortization of debt issuance costs | 22 | 26 | 22 | 6 | 9 | |||||||||||||||
| Amortization of debt discount/(premiums) | 7 | 6 | 6 | 5 | 14 | |||||||||||||||
| Approximation of interest in rental expense | 6 | 2 | 4 | 3 | 4 | |||||||||||||||
Total Fixed Charges: | $ | 671 | $ | 702 | $ | 599 | $ | 180 | $ | 249 | ||||||||||
Ratio of Earnings to Combined Fixed Charges | 3.44 | 2.28 | 2.38 | 1.57 | 1.93 | |||||||||||||||