Exhibit 12.1 | ||||||||||||||||||
5/17/2011 | ||||||||||||||||||
ALABAMA POWER COMPANY | ||||||||||||||||||
Computation of ratio of earnings to fixed charges for | ||||||||||||||||||
the five years ended December 31, 2010 | ||||||||||||||||||
and the year to date March 31, 2011 | ||||||||||||||||||
Three | ||||||||||||||||||
Months | ||||||||||||||||||
Ended | ||||||||||||||||||
Year ended December 31, | March 31, | |||||||||||||||||
2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |||||||||||||
--------------------------------------------------Thousands of Dollars-------------------------------------------------- | ||||||||||||||||||
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | ||||||||||||||||||
Earnings before income taxes | $ | 875,256 | $ | 969,492 | $ | 1,026,387 | $ | 1,095,813 | $ | 1,213,008 | $ | 258,804 | ||||||
Interest expense, net of amounts capitalized | 254,229 | 275,814 | 280,920 | 300,365 | 305,083 | 74,721 | ||||||||||||
Distributions on mandatorily redeemable preferred securities | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
AFUDC - Debt funds | 7,939 | 17,991 | 20,252 | 33,183 | 14,034 | 2,101 | ||||||||||||
Earnings as defined | $ | 1,137,424 | $ | 1,263,297 | $ | 1,327,559 | $ | 1,429,361 | $ | 1,532,125 | $ | 335,626 | ||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | ||||||||||||||||||
Interest on long-term debt | $ | 231,061 | $ | 250,511 | $ | 264,620 | $ | 288,723 | $ | 288,732 | $ | 69,851 | ||||||
Interest on affiliated loans | 16,764 | 15,369 | 11,619 | 10,343 | 7,264 | 1,774 | ||||||||||||
Interest on interim obligations | 1,873 | 1,915 | 1,070 | 69 | 15 | 43 | ||||||||||||
Amort of debt disc, premium and expense, net | 12,986 | 14,542 | 11,776 | 11,138 | 10,502 | 2,564 | ||||||||||||
Other interest charges | (516) | 11,468 | 12,087 | 23,275 | 12,604 | 2,590 | ||||||||||||
Distributions on mandatorily redeemable preferred securities | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Fixed charges as defined | $ | 262,168 | $ | 293,805 | $ | 301,172 | $ | 333,548 | $ | 319,117 | $ | 76,822 | ||||||
RATIO OF EARNINGS TO FIXED CHARGES | 4.34 | 4.30 | 4.41 | 4.29 | 4.80 | 4.37 |