EXHIBIT 12.1

                   MIRANT MID-ATLANTIC, LLC AND SUBSIDIARIES
            STATEMENT REGARDING RATIO OF EARNINGS TO FIXED CHARGES





(In millions, except Ratio)

                                                                     For the three          For the period from
                                                                      months ended     July 12, 2000 (inception) to
                                                                     March 31, 2001          December 31, 2000
                                                                     --------------    ----------------------------
                                                                                  
Earnings, as defined:
Income (loss) from continuing operations before income
     taxes and minority interest                                         $    68                 $    5
Add:
Fixed charges                                                                 22                      3
                                                                         -------                 ------
          Total earnings, as defined                                     $    90                 $    8
                                                                         -------                 ------
 Fixed charges, as defined:
Interest expensed                                                        $     2                     --
Amortized capitalized expenses related to indebtedness                        --                     --
Interest element of rentals                                                   20                      3
                                                                         -------                 ------
     Total fixed charges, as defined                                     $    22                 $    3
                                                                         -------                 ------
Ratio of earnings to fixed charges                                         4.098                  2.508
                                                                         -------                 ------