Exhibit 12.1 | ||||||||||||||
2/24/2011 |
ALABAMA POWER COMPANY |
Computation of ratio of earnings to fixed charges for |
the five years ended December 31, 2009 |
and the year to date December 31, 2010 |
Twelve | |||||||||||||||||
Months | |||||||||||||||||
Ended | |||||||||||||||||
Year ended December 31, | December 31, | ||||||||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||
-------------------------------------------Thousands of Dollars--------------------------------------- |
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||
Earnings before income taxes | $ | 819,516 | $ | 875,256 | $ | 969,492 | $ | 1,026,387 | $ | 1,095,813 | $ | 1,213,008 | |||||
Interest expense, net of amounts capitalized | 215,431 | 254,229 | 275,814 | 280,920 | 300,365 | 305,083 | |||||||||||
Distributions on mandatorily redeemable preferred securities | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||
AFUDC - Debt funds | 8,173 | 7,939 | 17,991 | 20,252 | 33,183 | 14,034 | |||||||||||
Earnings as defined | $ | 1,043,120 | $ | 1,137,424 | $ | 1,263,297 | $ | 1,327,559 | $ | 1,429,361 | $ | 1,532,125 | |||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||
Interest on long-term debt | $ | 186,541 | $ | 231,061 | $ | 250,511 | $ | 264,620 | $ | 288,723 | $ | 288,732 | |||||
Interest on affiliated loans | 16,563 | 16,764 | 15,369 | 11,619 | 10,343 | 7,264 | |||||||||||
Interest on interim obligations | 1,063 | 1,873 | 1,915 | 1,070 | 69 | 15 | |||||||||||
Amort of debt disc, premium and expense, net | 14,559 | 12,986 | 14,542 | 11,776 | 11,138 | 10,502 | |||||||||||
Other interest charges | 4,878 | (516) | 11,468 | 12,087 | 23,275 | 12,604 | |||||||||||
Distributions on mandatorily redeemable preferred securities | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||
Fixed charges as defined | $ | 223,604 | $ | 262,168 | $ | 293,805 | $ | 301,172 | $ | 333,548 | $ | 319,117 | |||||
RATIO OF EARNINGS TO FIXED CHARGES | 4.67 | 4.34 | 4.30 | 4.41 | 4.29 | 4.80 |