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| Exhibit 12.1 | |||||
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| 11/7/2005 | |||||
ALABAMA POWER COMPANY | |||||||||||
Computation of ratio of earnings to fixed charges for | |||||||||||
the five years ended December 31, 2004 | |||||||||||
and the year to date September 30, 2005 | |||||||||||
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| Nine | |||||
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| Months | |||||
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| Ended | |||||
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| September 30, | |||||
| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | |||||
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EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: |
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Earnings before income taxes | $698,801 | $652,467 | $770,194 | $782,220 | $819,955 | $712,816 | |||||
Interest expense, net of amounts capitalized | 237,873 | 247,789 | 226,732 | 215,858 | 211,373 | 161,048 | |||||
Distributions on mandatorily redeemable preferred securities | 25,549 | 24,775 | 24,599 | 15,255 | 0 | 0 | |||||
AFUDC - Debt funds | 20,197 | 9,569 | 6,854 | 6,421 | 6,856 | 5,812 | |||||
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Earnings as defined | $982,420 | $934,600 | $1,028,379 | $1,019,754 | $1,038,184 | $879,676 | |||||
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FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: |
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Interest on long-term debt | $222,530 | $220,627 | 208,148 | $183,953 | $173,226 | $139,502 | |||||
Interest on affiliated loans | 0 | 1,082 | 845 | 274 | 16,479 | 12,327 | |||||
Interest on interim obligations | 10,759 | 13,556 | 1,160 | 388 | 465 | 54 | |||||
Amort of debt disc, premium and expense, net | 11,668 | 11,740 | 12,857 | 15,671 | 14,793 | 11,144 | |||||
Other interest charges | 13,113 | 10,352 | 10,577 | 21,993 | 13,266 | 3,833 | |||||
Distributions on mandatorily redeemable preferred securities | 25,549 | 24,775 | 24,599 | 15,255 | 0 | 0 | |||||
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Fixed charges as defined | $283,619 | $282,132 | $258,186 | $237,534 | $218,229 | $166,860 | |||||
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RATIO OF EARNINGS TO FIXED CHARGES | 3.46 | 3.31 | 3.98 | 4.29 | 4.76 | 5.27 | |||||