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- 10-Q Quarterly report
- 12 Computation of Ratios - AEP
- 12 Computation of Ratios - Aeptco
- 12 Computation of Ratios - AEP Texas
- 12 Computation of Ratios - Apco
- 12 Computation of Ratios - I&m
- 12 Computation of Ratios - Opco
- 12 Computation of Ratios - Pso
- 12 Computation of Ratios - Swepco
- 31 302 Certification of CEO - AEP
- 31 302 Certification of CEO - Aeptco
- 31 302 Certification of CEO - AEP Texas
- 31 302 Certification of CEO - Apco
- 31 302 Certification of CEO - I&m
- 31 302 Certification of CEO - Opco
- 31 302 Certification of CEO - Pso
- 31 302 Certification of CEO - Swepco
- 31 302 Certification of CFO - AEP
- 31 302 Certification of CFO - Aeptco
- 31 302 Certification of CFO - AEP Texas
- 31 302 Certification of CFO - Apco
- 31 302 Certification of CFO - I&m
- 31 302 Certification of CFO - Opco
- 31 302 Certification of CFO - Pso
- 31 302 Certification of CFO - Swepco
- 32 1350 Certification of CEO - AEP
- 32 1350 Certification of CEO - Aeptco
- 32 1350 Certification of CEO - AEP Texas
- 32 1350 Certification of CEO - Apco
- 32 1350 Certification of CEO - I&m
- 32 1350 Certification of CEO - Opco
- 32 1350 Certification of CEO - Pso
- 32 1350 Certification of CEO - Swepco
- 32 1350 Certification of CFO - AEP
- 32 1350 Certification of CFO - Aeptco
- 32 1350 Certification of CFO - AEP Texas
- 32 1350 Certification of CFO - Apco
- 32 1350 Certification of CFO - I&m
- 32 1350 Certification of CFO - Opco
- 32 1350 Certification of CFO - Pso
- 32 1350 Certification of CFO - Swepco
- 95 Mine Safety Disclosure
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EXHIBIT 12
AEP TEXAS INC. AND SUBSIDIARIES
Computation of Consolidated Ratios of Earnings to Fixed Charges
(in millions except ratio data)
Twelve | Six | |||||||||||||||||||||||||||
Months | Months | |||||||||||||||||||||||||||
Years Ended December 31, | Ended | Ended | ||||||||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | 6/30/2018 | 6/30/2018 | ||||||||||||||||||||||
EARNINGS | ||||||||||||||||||||||||||||
Income From Continuing Operations Before Income Tax Expense | $ | 222.3 | (a) | $ | 205.5 | (b) | $ | 179.9 | (b) | $ | 255.3 | (b) | $ | 287.1 | $ | 272.6 | $ | 111.4 | ||||||||||
Fixed Charges (as below) | 166.4 | 160.0 | 157.7 | 155.6 | 153.4 | 160.8 | 82.6 | |||||||||||||||||||||
Total Earnings | $ | 388.7 | $ | 365.5 | $ | 337.6 | $ | 410.9 | $ | 440.5 | $ | 433.4 | $ | 194.0 | ||||||||||||||
FIXED CHARGES | ||||||||||||||||||||||||||||
Interest Expense | $ | 161.8 | $ | 153.8 | $ | 150.0 | $ | 145.8 | $ | 142.3 | $ | 143.6 | $ | 71.6 | ||||||||||||||
Credit for Allowance for Borrowed Funds Used During Construction | 2.2 | 3.6 | 4.5 | 5.9 | 6.8 | 12.9 | 8.8 | |||||||||||||||||||||
Estimated Interest Element in Lease Rentals | 2.4 | 2.6 | 3.2 | 3.9 | 4.3 | 4.3 | 2.2 | |||||||||||||||||||||
Total Fixed Charges | $ | 166.4 | $ | 160.0 | $ | 157.7 | $ | 155.6 | $ | 153.4 | $ | 160.8 | $ | 82.6 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 2.33 | 2.28 | 2.14 | 2.64 | 2.87 | 2.69 | 2.34 |
(a) | Reflects the reclassification of the Wind Farms and AEP Energy Partners, Inc. as Discontinued Operations. |
(b) | Reflects the reclassification of the Wind Farms as Discontinued Operations. See Note 7 to the Annual Financial Statements for additional information. |