Exhibit 12(f)1

SOUTHERN POWER COMPANY

Computation of ratio of earnings to fixed charges for

the five years ended December 31, 2010

and the year to date September 30, 2011

												Nine
												Months
												Ended
	Year ended December 31,										September 30,
		2006		2007		2008		2009		2010		2011
	----------------------------------------Thousands of Dollars----------------------------------------
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
Earnings before income taxes	$	206,280	$	215,185	$	237,251	$	241,515	$	206,665	$	215,999
Interest expense, net of amounts capitalized		80,153		79,175		83,212		84,963		76,120		56,489
Interest component of rental expense		208		155		150		159		176		188
Amortization of capitalized interest		1,540		1,573		2,239		2,885		2,905		2,471
Earnings as defined	$	288,181	$	296,088	$	322,852	$	329,522	$	285,866	$	275,147
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
Interest on long-term debt	$	75,994	$	88,037	$	86,301	$	84,279	$	85,054	$	64,587
Interest on affiliated loans		0		0		0		0		8		534
Interest on interim obligations		8,294		5,414		1,574		(122)		603		1,314
Amort of debt disc, premium and expense, net		1,513		2,169		2,098		2,098		2,098		1,524
Other interest charges		0		96		314		332		467		642
Interest component of rental expense		208		155		150		159		176		188
Fixed charges as defined	$	86,009	$	95,871	$	90,437	$	86,746	$	88,406	$	68,789
RATIO OF EARNINGS TO FIXED CHARGES		3.35		3.09		3.57		3.80		3.23		4.00