Attached files
| file | filename |
|---|---|
| 8-K - ALABAMA POWER CO | al2011a8-k.htm |
| EX-1 - ALABAMA POWER CO | ex1.htm |
| EX-5.1 - ALABAMA POWER CO | ex5-1.htm |
| EX-4.2 - ALABAMA POWER CO | ex4-2.htm |
| Exhibit 12.1 | ||||||||||||||
| 2/24/2011 |
|
ALABAMA POWER COMPANY
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|
Computation of ratio of earnings to fixed charges for
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|
the five years ended December 31, 2009
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and the year to date December 31, 2010
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| Twelve | |||||||||||||||||
| Months | |||||||||||||||||
| Ended | |||||||||||||||||
|
Year ended December 31,
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December 31, | ||||||||||||||||
|
2005
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2006
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2007
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2008
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2009
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2010 | ||||||||||||
|
-------------------------------------------Thousands of Dollars---------------------------------------
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|||||||||||||||||
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EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
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|||||||||||||||||
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Earnings before income taxes
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$
|
819,516
|
$
|
875,256
|
$
|
969,492
|
$
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1,026,387
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$
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1,095,813
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$
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1,213,008
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|||||
|
Interest expense, net of amounts capitalized
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215,431
|
254,229
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275,814
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280,920
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300,365
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305,083
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|||||||||||
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Distributions on mandatorily redeemable preferred securities
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0
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0
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0
|
0
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0
|
0
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|||||||||||
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AFUDC - Debt funds
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8,173
|
7,939
|
17,991
|
20,252
|
33,183
|
14,034
|
|||||||||||
|
Earnings as defined
|
$
|
1,043,120
|
$
|
1,137,424
|
$
|
1,263,297
|
$
|
1,327,559
|
$
|
1,429,361
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$
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1,532,125
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|||||
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FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
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|||||||||||||||||
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Interest on long-term debt
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$
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186,541
|
$
|
231,061
|
$
|
250,511
|
$
|
264,620
|
$
|
288,723
|
$
|
288,732
|
|||||
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Interest on affiliated loans
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16,563
|
16,764
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15,369
|
11,619
|
10,343
|
7,264
|
|||||||||||
|
Interest on interim obligations
|
1,063
|
1,873
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1,915
|
1,070
|
69
|
15
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|||||||||||
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Amort of debt disc, premium and expense, net
|
14,559
|
12,986
|
14,542
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11,776
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11,138
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10,502
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|||||||||||
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Other interest charges
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4,878
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(516)
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11,468
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12,087
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23,275
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12,604
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|||||||||||
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Distributions on mandatorily redeemable preferred securities
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0
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0
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0
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0
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0
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0
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|||||||||||
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Fixed charges as defined
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$
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223,604
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$
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262,168
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$
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293,805
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$
|
301,172
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$
|
333,548
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$
|
319,117
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|||||
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RATIO OF EARNINGS TO FIXED CHARGES
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4.67
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4.34
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4.30
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4.41
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4.29
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4.80
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|||||||||||