Exhibit 12.1 | |||||||||||||||||
GEORGIA POWER COMPANY | |||||||||||||||||
Computation of ratio of earnings to fixed charges for | |||||||||||||||||
the five years ended December 31, 2011 |
2007 | 2008 | 2009 | 2010 | 2011 | ||||||||||||
Millions of Dollars | ||||||||||||||||
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | ||||||||||||||||
Earnings Before Income Taxes | $ | 1,254 | $ | 1,402 | $ | 1,236 | $ | 1,414 | $ | 1,781 | ||||||
Distributed income of equity investees | 2 | 4 | - | 3 | 14 | |||||||||||
Interest expense, net of amounts capitalized | 344 | 346 | 386 | 375 | 343 | |||||||||||
Interest component of rental expense | 10 | 17 | 22 | 43 | 60 | |||||||||||
AFUDC - Debt funds | 29 | 40 | 40 | 54 | 37 | |||||||||||
Earnings as defined | $ | 1,639 | $ | 1,809 | $ | 1,684 | $ | 1,889 | $ | 2,235 | ||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | ||||||||||||||||
Interest on long-term debt | $ | 269 | $ | 324 | $ | 371 | $ | 377 | $ | 362 | ||||||
Interest on affiliated loans | 66 | 22 | �� 13 | 13 | 9 | |||||||||||
Interest on interim obligations | 9 | 3 | 1 | - | - | |||||||||||
Amort of debt disc, premium and expense, net | 18 | 20 | 20 | 21 | 23 | |||||||||||
Other interest charges | 11 | 16 | 20 | 19 | (14) | |||||||||||
Interest component of rental expense | 10 | 18 | 22 | 42 | 60 | |||||||||||
Fixed charges as defined | $ | 383 | $ | 403 | $ | 447 | $ | 472 | $ | 440 | ||||||
RATIO OF EARNINGS TO FIXED CHARGES | 4.28 | 4.49 | 3.76 | 4.00 | 5.08 |