Attached files
file | filename |
---|---|
8-K - ALABAMA POWER CO | al2011a8-k.htm |
EX-1 - ALABAMA POWER CO | ex1.htm |
EX-5.1 - ALABAMA POWER CO | ex5-1.htm |
EX-4.2 - ALABAMA POWER CO | ex4-2.htm |
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
|