EX-12.1 5 ex12-1.htm ex12-1.htm
                           
Exhibit 12.1
                           
8/25/2010
 
 
GEORGIA POWER COMPANY
Computation of ratio of earnings to fixed charges for
the five years ended December 31, 2009
and the year to date June 30, 2010
                                   
                                 
Six
                                 
Months
                                 
Ended
 
Year ended December 31,
   
June 30,
   
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
 
$
695,539
    Interest expense, net of amounts capitalized
 
297,313
   
319,893
   
345,538
   
347,418
   
387,759
   
181,275
    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
   
26,371
       Earnings as defined
$
1,506,955
 
$
1,569,092
 
$
1,636,239
 
$
1,797,991
 
$
1,671,821
 
$
903,185
                                   
                                   
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
 
$
188,310
    Interest on affiliated loans
 
68,735
   
87,672
   
65,769
   
22,574
   
13,097
   
6,312
    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
   
10,613
    Other interest charges
 
8,017
   
9,567
   
10,915
   
15,572
   
20,587
   
2,411
    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
 
$
207,646
                                   
                                   
                                   
RATIO OF EARNINGS TO FIXED CHARGES
 
4.87
   
4.72
   
4.37
   
4.65
   
3.91
   
4.35