EX-12.1 9 ex12_1.txt Exhibit 12.1 4/26/101 GULF POWER COMPANY Computation of ratio of earnings to fixed charges for the the six years ended December 31, 2000
Year ended December 31, ------------------------------------------------------------------------- 1995 1996 1997 1998 1999 2000 ---- ---- ---- ---- ---- ---- -----------------------------Thousands of Dollars------------------------ EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: Income Before Interest and Income Taxes $126,879 $131,856 $124,428 $120,946 $119,576 $116,893 AFUDC - Debt funds 187 58 5 0 0 440 Earnings as defined $127,066 $131,914 $124,433 $120,946 $119,576 $117,333 ========= ========= ========= ========= ========= ========= FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: Interest on long-term debt $ 23,294 $ 24,691 $ 21,699 $ 19,718 $ 21,375 $ 22,622 Interest on interim obligations 2,931 2,071 891 1,190 2,371 2,804 Amort of debt disc, premium and expense, net 2,014 2,087 2,281 2,100 1,989 2,047 Other interest charges 1,674 1,882 4,885 8,582 7,326 7,253 Fixed charges as defined $ 29,913 $ 30,731 $ 29,756 $ 31,590 $ 33,061 $ 34,726 ========= ========= ========= ========= ========= ========= RATIO OF EARNINGS TO FIXED CHARGES 4.25 4.29 4.18 3.83 3.62 3.38 ==== ==== ==== ==== ==== ====