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, 2014

and the nine months ended September 30, 2015

	Year ended December 31,											Nine Months Ended September 30,
		2010		2011		2012		2013		2014		2015
	----------------------------------------------Thousands of Dollars-------------------------------------------
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
Earnings Before Income Taxes	$	1,203,742	$	1,219,603	$	1,214,477	$	1,224,565	$	1,304,874	$	1,108,038
Distributed income of equity investees		2,486		7,371		7,126		3,649		1,632		17
Interest expense, net of amounts capitalized		303,165		298,934		286,748		258,587		255,091		205,602
Interest component of rental expense		23,094		18,573		18,930		17,234		18,266		16,890
AFUDC - Debt funds		13,992		8,751		6,810		11,236		17,876		15,415
Earnings as defined	$	1,546,479	$	1,553,232	$	1,534,091	$	1,515,271	$	1,597,739	$	1,345,962
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
Interest on long-term debt	$	287,075	$	279,880	$	266,610	$	239,681	$	241,353	$	197,081
Interest on affiliated loans		7,196		7,119		7,476		7,081		6,958		5,270
Interest on interim obligations		15		44		9		17		18		19
Amortization of debt discount, premium and expense, net		10,368		9,437		10,062		13,374		13,401		10,357
Other interest charges		12,503		11,205		9,401		10,017		11,237		8,290
Interest component of rental expense		23,094		18,573		18,930		17,234		18,266		16,890
Fixed charges as defined	$	340,251	$	326,258	$	312,488	$	287,404	$	291,233	$	237,907
RATIO OF EARNINGS TO FIXED CHARGES		4.55		4.76		4.91		5.27		5.49		5.66