Attached files
| file | filename |
|---|---|
| 8-K - ALABAMA POWER CO | al8-k2012c.htm |
| EX-1.1 - ALABAMA POWER CO | x1-1.htm |
| EX-4.2 - ALABAMA POWER CO | x4-2.htm |
| EX-5.1 - ALABAMA POWER CO | x5-1.htm |
| Exhibit 12.1 |
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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, 2011
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and the year to date September 30, 2012
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Nine
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Months
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Ended
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Year ended December 31,
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September 30, | |||||||||||||||||
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2007
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2008
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2009
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2010
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2011
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2012
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|||||||||||||
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------------------------------Thousands of Dollars-------------------------------
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EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
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Earnings Before Income Taxes
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$
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961,653
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$
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1,017,634
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$
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1,088,238
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$
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1,203,742
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$
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1,219,603
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$
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1,010,614
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||||||
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Distributed income of equity investees
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1,321
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3,915
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0
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2,486
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7,371
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5,866
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||||||||||||
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Interest expense, net of amounts capitalized
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273,737
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278,917
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298,495
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303,165
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298,934
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217,415
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||||||||||||
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Interest component of rental expense
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45,982
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43,572
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39,442
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23,094
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18,573
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16,682
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||||||||||||
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AFUDC - Debt funds
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17,961
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20,215
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33,112
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13,992
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8,751
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4,822
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||||||||||||
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Earnings as defined
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$
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1,300,654
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$
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1,364,253
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$
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1,459,287
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$
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1,546,479
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$
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1,553,232
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$
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1,255,399
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||||||
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FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
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Interest on long-term debt
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$
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248,854
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$
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262,963
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$
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287,066
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$
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287,075
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$
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279,880
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$
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202,481
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||||||
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Interest on affiliated loans
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15,013
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11,340
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10,291
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7,196
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7,119
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5,653
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||||||||||||
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Interest on interim obligations
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1,915
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1,070
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69
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15
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44
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9
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||||||||||||
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Amort of debt disc, premium and expense, net
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14,454
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11,688
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11,050
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10,368
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9,437
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7,239
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||||||||||||
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Other interest charges
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11,462
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12,071
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23,131
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12,503
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11,205
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6,855
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||||||||||||
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Interest component of rental expense
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45,982
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43,572
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39,442
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23,094
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18,573
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16,682
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Fixed charges as defined
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$
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337,680
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$
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342,704
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$
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371,049
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$
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340,251
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$
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326,258
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$
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238,919
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RATIO OF EARNINGS TO FIXED CHARGES
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3.85
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3.98
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3.93
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4.55
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4.76
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5.25
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