Attached files
| file | filename |
|---|---|
| EX-8.1 - EXHIBIT 8.1 - ALABAMA POWER CO | apc8k2017aex8-1.htm |
| EX-5.1 - EXHIBIT 5.1 - ALABAMA POWER CO | apc8k2017aex5-1.htm |
| EX-4.6 - EXHIBIT 4.6 - ALABAMA POWER CO | apc8k2017aex4-6.htm |
| EX-1.3 - EXHIBIT 1.3 - ALABAMA POWER CO | apc8k2017aex1-3.htm |
| 8-K - 8-K - ALABAMA POWER CO | apc8k2017a.htm |
Exhibit 12.1 | |||||||||||||||||
ALABAMA POWER COMPANY | |||||||||||||||||
Computation of ratio of earnings to fixed charges for | |||||||||||||||||
the five years ended December 31, 2016 | |||||||||||||||||
Year ended December 31, | |||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||||
--------------------Millions of Dollars-------------------- | |||||||||||||||||||
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||
Earnings Before Income Taxes | $ | 1,214 | $ | 1,224 | $ | 1,305 | $ | 1,311 | $ | 1,363 | |||||||||
Distributed income of equity investees | 7 | 4 | 2 | — | 12 | ||||||||||||||
Interest expense, net of amounts capitalized | 287 | 259 | 255 | 274 | 302 | ||||||||||||||
Interest component of rental expense | 19 | 17 | 18 | 19 | 20 | ||||||||||||||
AFUDC - Debt funds | 7 | 11 | 18 | 22 | 11 | ||||||||||||||
Earnings as defined | $ | 1,534 | $ | 1,515 | $ | 1,598 | $ | 1,626 | $ | 1,708 | |||||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||
Interest on long-term debt | $ | 267 | $ | 240 | $ | 241 | $ | 264 | $ | 278 | |||||||||
Interest on affiliated loans | 7 | 7 | 7 | 7 | 8 | ||||||||||||||
Interest on interim obligations | — | — | — | — | — | ||||||||||||||
Amortization of debt discount, premium and expense, net | 10 | 13 | 14 | 14 | 16 | ||||||||||||||
Other interest charges | 9 | 10 | 11 | 11 | 10 | ||||||||||||||
Interest component of rental expense | 19 | 17 | 18 | 19 | 20 | ||||||||||||||
Fixed charges as defined | $ | 312 | $ | 287 | $ | 291 | $ | 315 | $ | 332 | |||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 4.91 | 5.27 | 5.49 | 5.16 | 5.14 | ||||||||||||||