EX-12.1 2 a2202097zex-12_1.htm EX-12.1
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Exhibit 12.1

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

     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  
                       



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NRG Energy, Inc. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES