Georgia Power (GPJA) 8-K Other Events

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