Attached files
| file | filename |
|---|---|
| EX-32.B - 1350 CERTIFICATION OF CFO - AEPTCO - AEP Transmission Company, LLC | ex32baeptco20171q.htm |
| EX-32.A - 1350 CERTIFICATION OF CEO - AEPTCO - AEP Transmission Company, LLC | ex32aaeptco20171q.htm |
| EX-31.B - 302 CERTIFICATION OF CFO - AEPTCO - AEP Transmission Company, LLC | ex31baeptco20171q.htm |
| EX-31.A - 302 CERTIFICATION OF CEO - AEPTCO - AEP Transmission Company, LLC | ex31aaeptco20171q.htm |
| 10-Q - AEPTCO 1Q2017 10-Q - AEP Transmission Company, LLC | aeptco20171q.htm |
EXHIBIT 12
AEP TRANSMISSION COMPANY, LLC AND SUBSIDIARIES
Computation of Consolidated Ratios of Earnings to Fixed Charges
(in thousands except ratio data)
Twelve | Three | |||||||||||||||||||||||||||
Months | Months | |||||||||||||||||||||||||||
Years Ended December 31, | Ended | Ended | ||||||||||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | 3/31/2017 | 3/31/2017 | ||||||||||||||||||||||
EARNINGS | ||||||||||||||||||||||||||||
Income Before Income Taxes | $ | 22,004 | $ | 60,825 | $ | 137,317 | $ | 192,987 | $ | 286,768 | $ | 335,895 | $ | 85,486 | ||||||||||||||
Fixed Charges (as below) | 4,716 | 18,408 | 32,556 | 52,509 | 61,950 | 67,570 | 20,274 | |||||||||||||||||||||
Total Earnings | $ | 26,720 | $ | 79,233 | $ | 169,873 | $ | 245,496 | $ | 348,718 | $ | 403,465 | $ | 105,760 | ||||||||||||||
FIXED CHARGES | ||||||||||||||||||||||||||||
Interest Expense | $ | 3,242 | $ | 9,854 | $ | 21,385 | $ | 34,596 | $ | 46,034 | $ | 51,172 | $ | 15,950 | ||||||||||||||
Credit for Allowance for Borrowed Funds Used During Construction | 1,374 | 8,454 | 11,071 | 17,713 | 15,616 | 16,098 | 4,249 | |||||||||||||||||||||
Estimated Interest Element in Lease Rentals | 100 | 100 | 100 | 200 | 300 | 300 | 75 | |||||||||||||||||||||
Total Fixed Charges | $ | 4,716 | $ | 18,408 | $ | 32,556 | $ | 52,509 | $ | 61,950 | $ | 67,570 | $ | 20,274 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 5.66 | 4.30 | 5.21 | 4.67 | 5.62 | 5.97 | 5.21 | |||||||||||||||||||||