EXHIBIT 12 OHIO POWER COMPANY Computation of Consolidated Ratio of Earnings to Fixed Charges (in thousands except ratio data) Twelve Months Year Ended December 31, Ended 1993 1994 1995 1996 1997 3/31/98 Fixed Charges: Interest on First Mortgage Bonds. . . . . . . . $ 74,121 $ 63,805 $ 61,836 $ 52,147 $ 45,540 $ 43,376 Interest on Other Long-term Debt. . . . . . . . 24,510 21,453 23,193 27,045 29,620 30,943 Interest on Short-term Debt . . . . . . . . . . 1,122 992 2,658 4,006 4,519 5,228 Miscellaneous Interest Charges. . . . . . . . . 2,958 5,140 7,126 3,705 4,464 4,789 Estimated Interest Element in Lease Rentals . . 15,300 13,900 50,700 53,200 52,900 52,900 Total Fixed Charges. . . . . . . . . . . . $118,011 $105,290 $145,513 $140,103 $137,043 $137,236 Earnings: Net Income. . . . . . . . . . . . . . . . . . . $185,770 $162,626 $189,447 $217,655 $208,689 $203,534 Plus Federal Income Taxes . . . . . . . . . . . 64,244 74,822 93,699 117,243 121,559 117,491 Plus State Income Taxes . . . . . . . . . . . . 2,626 3,375 1,618 2,252 2,655 2,676 Plus Fixed Charges (as above) . . . . . . . . . 118,011 105,290 145,513 140,103 137,043 137,236 Total Earnings . . . . . . . . . . . . . . $370,651 $346,113 $430,277 $477,253 $469,946 $460,937 Ratio of Earnings to Fixed Charges. . . . . . . . 3.14 3.28 2.95 3.40 3.42 3.35