EX-12.01 5 a2201636zex-12_01.htm EX-12.01

Exhibit 12.01

 

NRG Energy, Inc.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

For the Year Ended December 31,

 

 

 

2010

 

2009

 

2008

 

2007

 

2006

 

 

 

(In millions, except ratio)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income tax

 

$

753

 

$

1,669

 

$

1,766

 

$

933

 

$

861

 

Net loss attributable to noncontrolling interest

 

(1

)

(1

)

—

 

—

 

—

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Undistributed equity in earnings of unconsolidated affiliates

 

(44

)

(41

)

(44

)

(33

)

(33

)

Capitalized interest

 

(36

)

(37

)

(45

)

(11

)

(5

)

Add:

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

678

 

703

 

634

 

715

 

603

 

Amortization of capitalized interest

 

4

 

3

 

1

 

—

 

—

 

Total Earnings:

 

$

1,354

 

$

2,296

 

$

2,312

 

$

1,604

 

$

1,426

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

600

 

$

610

 

$

546

 

$

657

 

$

562

 

Interest capitalized

 

36

 

37

 

45

 

11

 

5

 

Amortization of debt issuance costs

 

25

 

31

 

22

 

26

 

22

 

Amortization of debt discount/(premiums)

 

7

 

13

 

15

 

19

 

10

 

Approximation of interest in rental expense

 

10

 

12

 

6

 

2

 

4

 

Total Fixed Charges:

 

$

678

 

$

703

 

$

634

 

$

715

 

$

603

 

Ratio of Earnings to Combined Fixed Charges

 

2.00

 

3.27

 

3.65

 

2.24

 

2.36