Exhibit 12.1 | ||||||||||||||||||
11/19/2009 | ||||||||||||||||||
GEORGIA POWER COMPANY | ||||||||||||||||||
Computation of ratio of earnings to fixed charges for | ||||||||||||||||||
the five years ended December 31, 2008 | ||||||||||||||||||
and the year to date September 30, 2009 | ||||||||||||||||||
Nine | ||||||||||||||||||
Months | ||||||||||||||||||
Ended | ||||||||||||||||||
Year ended December 31, |
| September 30, |
| |||||||||||||||
2004 | 2005 | 2006 | 2007 | 2008 | 2009 | |||||||||||||
--------------------------------------------------Thousands of Dollars-------------------------------------------------- | ||||||||||||||||||
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | ||||||||||||||||||
Earnings before income taxes | $ | 1,081,028 | $ | 1,197,831 | $ | 1,236,845 | $ | 1,262,232 | $ | 1,410,963 | $ | 1,092,836 | ||||||
Interest expense, net of amounts capitalized | 240,572 | 297,313 | 319,894 | 345,538 | 347,419 | 294,527 | ||||||||||||
Distributions on mandatorily redeemable preferred securities | 15,948 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
AFUDC - Debt funds | 10,295 | 11,812 | 12,354 | 28,469 | 39,609 | 28,400 | ||||||||||||
Earnings as defined | $ | 1,347,843 | $ | 1,506,956 | $ | 1,569,093 | $ | 1,636,239 | $ | 1,797,991 | $ | 1,415,763 | ||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | ||||||||||||||||||
Interest on long-term debt | $ | 179,219 | $ | 215,264 | $ | 217,954 | $ | 270,429 | $ | 325,774 | $ | 280,620 | ||||||
Interest on affiliated loans | 46,512 | 68,735 | 87,672 | 65,769 | 22,574 | 9,917 | ||||||||||||
Interest on interim obligations | 24 | 0 | 0 | 8,463 | 3,114 | 538 | ||||||||||||
Amort of debt disc, premium and expense, net | 16,812 | 17,109 | 17,054 | 18,431 | 19,994 | 15,268 | ||||||||||||
Other interest charges | 8,301 | 8,017 | 9,571 | 10,915 | 15,571 | 16,584 | ||||||||||||
Distributions on mandatorily redeemable preferred securities | 15,948 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Fixed charges as defined | $ | 266,816 | $ | 309,125 | $ | 332,251 | $ | 374,007 | $ | 387,027 | $ | 322,927 | ||||||
RATIO OF EARNINGS TO FIXED CHARGES | 5.05 | 4.87 | 4.72 | 4.37 | 4.65 | 4.38 | ||||||||||||