NRG SOUTH CENTRAL GENERATING LLC
S-4/A, EX-12.1, 2000-12-11
ELECTRIC SERVICES
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<PAGE>   1
                                                                    Exhibit 12.1



                        NRG South Central Generating LLC
                 Consolidated Ratio of Earnings to Fixed Charges

<TABLE>
<CAPTION>
                                                             For the Period           For the Period
                                                             March 30, 2000           March 30, 2000
                                                              (Inception)              (Inception)
                                                            to June 30, 2000      to September 30, 2000
                                                            ----------------      ---------------------
(In thousands)
<S>                                                         <C>                   <C>
Earnings:
    Income before taxes                                          $ 5,597                 $12,515
    Add:  Fixed Charges                                           18,861                  37,598
                                                                 -------                 -------
                                                                  24,458                  50,113
                                                                 -------                 -------
Fixed Charges:
    Interest expense                                              18,758                  37,405
    Amortization of debt costs                                       103                     193
                                                                 -------                 -------
                                                                 $18,861                 $37,598
                                                                 -------                 -------
Ratio of earnings to fixed charges                                  1.30                    1.33
</TABLE>





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