Alabama Power (ALP-PQ) 8-K Other Events

Exhibit 12.1

ALABAMA POWER COMPANY

Computation of ratio of earnings to fixed charges for

the five years ended December 31, 2013

and the year to date June 30, 2014

	Year ended December 31,											Six Months Ended June 30,
		2009		2010		2011		2012		2013		2014
	-------------------------------------------------------Thousands of Dollars--------------------------------------------------
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
Earnings Before Income Taxes	$	1,088,238	$	1,203,742	$	1,219,603	$	1,214,477	$	1,224,565	$	623,522
Distributed income of equity investees		—		2,486		7,371		7,126		3,649		—
Interest expense, net of amounts capitalized		298,495		303,165		298,934		286,748		258,587		125,289
Interest component of rental expense		39,442		23,094		18,573		18,930		17,234		7,092
AFUDC - Debt funds		33,112		13,992		8,751		6,810		11,236		7,776
Earnings as defined	$	1,459,287	$	1,546,479	$	1,553,232	$	1,534,091	$	1,515,271	$	763,679
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
Interest on long-term debt	$	287,066	$	287,075	$	279,880	$	266,610	$	239,681	$	117,851
Interest on affiliated loans		10,291		7,196		7,119		7,476		7,081		3,444
Interest on interim obligations		69		15		44		9		17		57
Amortization of debt discount, premium and expense, net		11,050		10,368		9,437		10,062		13,374		6,665
Other interest charges		23,131		12,503		11,205		9,401		10,017		5,048
Interest component of rental expense		39,442		23,094		18,573		18,930		17,234		7,092
Fixed charges as defined	$	371,049	$	340,251	$	326,258	$	312,488	$	287,404	$	140,157
RATIO OF EARNINGS TO FIXED CHARGES		3.93		4.55		4.76		4.91		5.27		5.45