SOUTHERN Co GAS (GAS) 10-Q 2012 Q3 Quarterly report

Exhibit 12

AGL Resources Inc.

Statement Setting Forth Ratio of Earnings to Fixed Charges

	Nine months ended			Fiscal			Fiscal			Fiscal			Fiscal			Fiscal
Dollars in millions	September 30, 2012			2011			2010			2009			2008			2007
Earnings before income taxes	$	289		$	311		$	390		$	384		$	369		$	368
Add:
Fixed charges (see “B” below)		152			145			123			115			127			134
Amortization of capitalized interest		-			1			-			-			-			-
Distributed income of equity investees		10			-			-			-			-			-
Less:
Interest capitalized		(1	)		(1	)		(5	)		(3	)		(2	)		-
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges		(10	)		(14	)		(16	)		(27	)		(20	)		(30	)
Adjusted Earnings (A)	$	440		$	442		$	492		$	469		$	474		$	472
Fixed charges
Interest on long-term debt	$	132		$	101		$	109		$	98		$	96		$	97
Other interest, including amortized premiums, discounts and capitalized expenses related to indebtedness liability		10			37			7			10			24			30
Estimated interest components of rentals		10			7			7			7			7			7
Total fixed charges (B)	$	152		$	145		$	123		$	115		$	127		$	134
Ratio of earnings to fixed charges (A)/(B)		2.89			3.05			4.00			4.08			3.73			3.52