Exhibit 12.1
5/15/101
SAVANNAH ELECTRIC AND POWER COMPANY
Computation of ratio of earnings to fixed charges for the
the five years ended December 31, 2000
the twelve months ended March 31, 2001
Twelve
Months
Ended
Year ended December 31, March 31,
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1996 1997 1998 1999 2000 2001
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-----------------------------Thousands of Dollars-------------------
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
Earnings Before Interest and Income Taxes $53,824 $53,380 $52,832 $49,569 $52,020 $52,039
AFUDC - Debt funds 333 164 133 485 324 402
Rentals 885 897 735 471 545 524
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Earnings as defined $55,042 $54,441 $53,700 $50,525 $52,889 $52,965
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FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
Interest on long-term debt $11,564 $10,907 $10,383 $ 9,300 $ 9,259 $ 9,221
Interest on interim obligations 229 172 278 879 2,369 2,734
Amort of debt disc, premium and expense, net 579 739 853 948 963 965
Other interest charges 377 369 641 4,036 3,210 3,215
Rentals 885 897 735 471 545 524
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Fixed charges as defined $13,634 $13,084 $12,890 $15,634 $16,346 $16,659
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RATIO OF EARNINGS TO FIXED CHARGES 4.04 4.16 4.17 3.23 3.24 3.18
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