EX-12.1 4 y50403exv12w1.htm EX-12.1: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EX-12.1
 

Exhibit 12.1
 
NRG Energy, Inc
Computation of Ratio of Earnings to Fixed Charges
 
                                                 
                            For the Period
 		    For the Period
 		 
    For the Year
 		    For the Year
 		    For the Year
 		    For the Year
 		    December 6,
 		    January 1,
 		 
    Ended
 		    Ended
 		    Ended
 		    Ended
 		    2003 Through
 		    2003 Through
 		 
    December 31,
 		    December 31,
 		    December 31,
 		    December 31,
 		    December 31,
 		    December 5,
 		 
(In millions except ratio)   2007     2006     2005     2004     2003     2003  
   
 
Earnings:
                                               
Income before taxes from continuing operations before income tax
  $ 946     $ 865     $ 110     $ 232     $ 11     $ 3,241  
Minority interest in earnings
                    —       —       —          
Less:
                                               
Undistributed equity in earning of unconsolidated affiliates
    (33 )     (33 )     (8 )     (1 )     2       (41 )
Capitalized interest
    (11 )     (5 )     —       —       —       —  
Add:
                                               
Fixed charges
    702       599       211       249       17       293  
 
 
Total Earnings:
  $ 1,604     $ 1,426     $ 313     $ 480     $ 30     $ 3,493  
 
 
Fixed Charges:
                                               
Interest expense
  $ 657     $ 562     $ 186     $ 222     $ 15     $ 271  
Interest capitalized
    11       5       —       —       —       —  
Amortization of debt issuance costs
    26       22       17       9       1       18  
Amortization of debt discount/(premiums)
    6       6       5       14       1          
Approximation of interest in rental expense
    2       4       3       4       0       4  
 
 
Total Fixed Charges:
  $ 702     $ 599     $ 211     $ 249     $ 17     $ 293  
 
 
Ratio of Earnings to Combined Fixed Charges
    2.28       2.38       1.48       1.93       1.76       11.92  
 
 


223