EX-12.1 5 x12-1.htm

Exhibit 12.1

11/19/2009

GEORGIA POWER COMPANY

Computation of ratio of earnings to fixed charges for

the five years ended December 31, 2008

and the year to date September 30, 2009

Nine

Months

Ended

Year ended December 31,

 

September 30,

 

2004

2005

2006

2007

2008

2009

--------------------------------------------------Thousands of Dollars--------------------------------------------------

EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:

Earnings before income taxes

$

1,081,028

$

1,197,831

$

1,236,845

$

1,262,232

$

1,410,963

$

1,092,836

Interest expense, net of amounts capitalized

240,572

297,313

319,894

345,538

347,419

294,527

Distributions on mandatorily redeemable preferred securities

15,948

0

0

0

0

0

AFUDC - Debt funds

10,295

11,812

12,354

28,469

39,609

28,400

Earnings as defined

$

1,347,843

$

1,506,956

$

1,569,093

$

1,636,239

$

1,797,991

$

1,415,763

FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:

Interest on long-term debt

$

179,219

$

215,264

$

217,954

$

270,429

$

325,774

$

280,620

Interest on affiliated loans

46,512

68,735

87,672

65,769

22,574

9,917

Interest on interim obligations

24

0

0

8,463

3,114

538

Amort of debt disc, premium and expense, net

16,812

17,109

17,054

18,431

19,994

15,268

Other interest charges

8,301

8,017

9,571

10,915

15,571

16,584

Distributions on mandatorily redeemable preferred securities

15,948

0

0

0

0

0

Fixed charges as defined

$

266,816

$

309,125

$

332,251

$

374,007

$

387,027

$

322,927

RATIO OF EARNINGS TO FIXED CHARGES

5.05

4.87

4.72

4.37

4.65

4.38