Exhibit 12.1
7/12/101
THE SOUTHERN COMPANY
Computation of ratio of earnings to fixed charges for the
the five years ended December 31, 2000
and the twelve months ended March 31, 2001
Twelve
Months
Ended
Year ended December 31, March 31,
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1996 1997 1998 1999 2000 2001
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---------------------------Thousands of Dollars----------------------------
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K:
Earnings Before Interest and Income Taxes $2,701,762 $2,876,455 $2,733,939 $3,446,757 $2,429,177 $2,467,234
AFUDC - Debt funds 19,073 14,053 11,914 23,924 44,356 47,648
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Earnings as defined $2,720,835 $2,890,508 $2,745,853 $3,470,681 $2,473,533 $2,514,882
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FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K:
Interest on long-term debt $ 530,067 $ 679,696 $ 712,819 $ 697,747 $ 485,488 $ 491,660
Interest on interim obligations 107,008 111,694 107,555 183,321 134,035 126,672
Amort of debt disc, premium and expense, net 33,184 34,233 65,460 124,835 30,247 30,967
Other interest charges 68,099 182,827 228,534 259,526 222,694 218,395
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Fixed charges as defined $ 738,358 $1,008,450 $1,114,368 $1,265,429 $ 872,464 $ 867,694
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RATIO OF EARNINGS TO FIXED CHARGES 3.68 2.87 2.46 2.74 2.84 2.90
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