# **EXHIBIT12.1**

**RELIANTENERGY, INC. AND SUBSIDIARIES**

**RATIO OFEARNINGS FROM CONTINUING OPERATIONS TO FIXED CHARGES**

**(Unaudited)**
| ** **                                                          | ** ** | **2006(1)**                                                  | ** ** | **2005(2)** | ** ** | **2004(3)** | ** ** | **2003(4)** | ** ** | **2002** | ** ** |
|---------------------------------------------------------------------|------------|--------------------------------------------------------------|------------|-------------|------------|-------------|------------|-------------|------------|----------|------------|
| ** **                                                          | ** ** | **(in thousands, except ratio amounts)** | ** ** |
| Fixed charges:                                                      |       |                                                         |       |        |       |        |       |        |       |     |       |
| Interest expense                                                    |       | $                                                            | 427,867    |        | $          | 399,281     |       | $           | 417,514    |     | $          | 406,809 |   | $ | 206,582 |   |
| Capitalized  interest                                               |       | —                                                       |       | 441         |       | 45,784      |       | 84,225      |       | 22,038   |       |
| Interest within  rent expense                                       |       | 57,037                                                       |       | 56,458      |       | 61,539      |       | 58,955      |       | 54,340   |       |
| Total fixed  charges                                                |       | $                                                            | 484,904    |        | $          | 456,180     |       | $           | 524,837    |     | $          | 549,989 |   | $ | 282,960 |   |
|                                                                |       |                                                         |       |        |       |        |       |        |       |     |       |
| Earnings from  continuing operations:                               |       |                                                         |       |        |       |        |       |        |       |     |       |
| Income (loss)  from continuing operations before income taxes       |       | $                                                            | (448,621   | )           | $          | (693,827    | )          | $           | (391,674   | )        | $          | (840,729 | ) | $ | 83,855 |   |
| (Income) loss of  equity investments of unconsolidated subsidiaries |       | (5,791                                                       | )          | (25,458     | )          | 9,478       |       | 1,652       |       | (17,836  | )          |
| Subtotal                                                            |       | (454,412                                                     | )          | (719,285    | )          | (382,196    | )          | (839,077    | )          | 66,019   |       |
| Plus —                                                         |       |                                                         |       |        |       |        |       |        |       |     |       |
| Fixed charges  from above                                           |       | 484,904                                                      |       | 456,180     |       | 524,837     |       | 549,989     |       | 282,960  |       |
| Amortization of  capitalized interest                               |       | 8,469                                                        |       | 8,462       |       | 7,692       |       | 5,525       |       | 3,754    |       |
| Distributed  income of equity investees                             |       | 10,000                                                       |       | 5,500       |       | 3,850       |       | 4,400       |       | 2,975    |       |
| Less —                                                         |       |                                                         |       |        |       |        |       |        |       |     |       |
| Capitalized  interest                                               |       | —                                                       |       | (441        | )          | (45,784     | )          | (84,225     | )          | (22,038  | )          |
|                                                                |       | $                                                            | 48,961     |        | $          | (249,584    | )          | $           | 108,399    |     | $          | (363,388 | ) | $ | 333,670 |   |
|                                                                |       |                                                         |       |        |       |        |       |        |       |     |       |
| Ratio of earnings from continuing operations to fixed charges       |       | —                                                       |       | —      |       | —      |       | —      |       | 1.18     |       |

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(1)    For2006, our earnings were insufficient to cover our fixed charges by $436million.

(2)    For2005, our earnings were insufficient to cover our fixed charges by $706million.

(3)    For2004, our earnings were insufficient to cover our fixed charges by $416million.

(4)    For 2003, our earnings wereinsufficient to cover our fixed charges by $913 million.

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