Columbus Southern Power 10-Q 2011 Q3 Quarterly report

EXHIBIT 12

OHIO POWER COMPANY CONSOLIDATED

Computation of Consolidated Ratios of Earnings to Fixed Charges

(in thousands except ratio data)

											Twelve			Nine
											Months			Months
	Years Ended December 31,										Ended			Ended
	2006		2007		2008		2009		2010		9/30/2011			9/30/2011
EARNINGS
Income Before Income Taxes	$	349,758	$	419,771	$	347,077	$	475,089	$	480,850	$	443,512		$	326,791
Fixed Charges (as below)		146,226		171,171		209,339		174,188		167,682		157,442			118,463
Total Earnings	$	495,984	$	590,942	$	556,416	$	649,277	$	648,532	$	600,954		$	445,254
FIXED CHARGES
Interest Expense	$	94,293	$	124,730	$	173,870	$	152,950	$	156,107	$	147,516		$	109,474
Credit for Allowance for Borrowed Funds    Used During Construction		42,733		36,641		25,269		10,538		1,475		(174	)		1,414
Estimated Interest Element in Lease Rentals		9,200		9,800		10,200		10,700		10,100		10,100			7,575
Total Fixed Charges	$	146,226	$	171,171	$	209,339	$	174,188	$	167,682	$	157,442		$	118,463
Ratio of Earnings to Fixed Charges		3.39		3.45		2.65		3.72		3.86		3.81			3.75