| Exhibit 12.1 | ||||||||||||||||||||
| 2/20/2010 | ||||||||||||||||||||
| GEORGIA POWER COMPANY | ||||||||||||||||||||
| Computation of ratio of earnings to fixed charges for | ||||||||||||||||||||
| the five years ended December 31, 2009 | ||||||||||||||||||||
| Year ended December 31, | ||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||
| EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | ||||||||||||||||||||
Earnings before income taxes | $ | 1,197,831 | $ | 1,236,845 | $ | 1,262,232 | $ | 1,410,963 | $ | 1,244,272 | ||||||||||
Interest expense, net of amounts capitalized | 297,313 | 319,894 | 345,538 | 347,419 | 387,759 | |||||||||||||||
AFUDC - Debt funds | 11,812 | 12,354 | 28,469 | 39,609 | 39,790 | |||||||||||||||
Earnings as defined | $ | 1,506,956 | $ | 1,569,093 | $ | 1,636,239 | $ | 1,797,991 | $ | 1,671,821 | ||||||||||
| FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | ||||||||||||||||||||
Interest on long-term debt | $ | 215,264 | $ | 217,954 | $ | 270,429 | $ | 325,774 | $ | 372,998 | ||||||||||
Interest on affiliated loans | 68,735 | 87,672 | 65,769 | 22,574 | 13,097 | |||||||||||||||
Interest on interim obligations | 0 | 0 | 8,463 | 3,114 | 538 | |||||||||||||||
Amort of debt disc, premium and expense, net | 17,109 | 17,054 | 18,431 | 19,994 | 20,329 | |||||||||||||||
Other interest charges | 8,017 | 9,571 | 10,915 | 15,571 | 20,587 | |||||||||||||||
Fixed charges as defined | $ | 309,125 | $ | 332,251 | $ | 374,007 | $ | 387,027 | $ | 427,549 | ||||||||||
| RATIO OF EARNINGS TO FIXED CHARGES | 4.87 | 4.72 | 4.37 | 4.65 | 3.91 | |||||||||||||||
Georgia Power (GPJA)
Filed: 16 Mar 10, 12:00am