Exhibit 12.1
5/17/2010
GEORGIA POWER COMPANY | ||||||||||||||||||
Computation of ratio of earnings to fixed charges for | ||||||||||||||||||
the five years ended December 31, 2009 | ||||||||||||||||||
and the year to date March 31, 2010 | ||||||||||||||||||
Three | ||||||||||||||||||
Months | ||||||||||||||||||
Ended | ||||||||||||||||||
Year ended December 31, | March 31, | |||||||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | 2010 | |||||||||||||
--------------------------------------------------Thousands of Dollars---------------------------------- | ||||||||||||||||||
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | ||||||||||||||||||
Earnings before income taxes | $ | 1,197,831 | $ | 1,236,845 | $ | 1,262,231 | $ | 1,410,963 | $ | 1,244,272 | $ | 336,430 | ||||||
Interest expense, net of amounts capitalized | 297,313 | 319,893 | 345,538 | 347,418 | 387,759 | 93,478 | ||||||||||||
Distributions on mandatorily redeemable preferred securities | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
AFUDC - Debt funds | 11,811 | 12,354 | 28,470 | 39,610 | 39,790 | 13,154 | ||||||||||||
Earnings as defined | $ | 1,506,955 | $ | 1,569,092 | $ | 1,636,239 | $ | 1,797,991 | $ | 1,671,821 | $ | 443,062 | ||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | ||||||||||||||||||
Interest on long-term debt | $ | 215,263 | $ | 217,954 | $ | 270,429 | $ | 325,774 | $ | 372,998 | $ | 95,020 | ||||||
Interest on affiliated loans | 68,735 | 87,672 | 65,769 | 22,574 | 13,097 | 3,123 | ||||||||||||
Interest on interim obligations | 0 | 0 | 8,463 | 3,114 | 538 | 0 | ||||||||||||
Amort of debt disc, premium and expense, net | 17,109 | 17,054 | 18,432 | 19,994 | 20,329 | 5,097 | ||||||||||||
Other interest charges | 8,017 | 9,567 | 10,915 | 15,572 | 20,587 | 3,392 | ||||||||||||
Distributions on mandatorily redeemable preferred securities | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Fixed charges as defined | $ | 309,124 | $ | 332,247 | $ | 374,008 | $ | 387,028 | $ | 427,549 | $ | 106,632 | ||||||
RATIO OF EARNINGS TO FIXED CHARGES | 4.87 | 4.72 | 4.37 | 4.65 | 3.91 | 4.16 | ||||||||||||