Attached files
| file | filename |
|---|---|
| 8-K - 8-K - ALABAMA POWER CO | apc2013a8-k12x13.htm |
| EX-1.1 - EXHIBIT - ALABAMA POWER CO | apc2013a8-kex1x1.htm |
| EX-4.2 - EXHIBIT - ALABAMA POWER CO | apc2013a8-kex4x2.htm |
| EX-5 - EXHIBIT - ALABAMA POWER CO | apc2013a8-kex5x1.htm |
Exhibit 12.1 | |||||||||||||||||
ALABAMA POWER COMPANY | |||||||||||||||||
Computation of ratio of earnings to fixed charges for | |||||||||||||||||
the five years ended December 31, 2012 | |||||||||||||||||
and the year to date September 30, 2013 | |||||||||||||||||
Year ended December 31, | Nine Months Ended September 30, | ||||||||||||||||||||||
2008 | 2009 | 2010 | 2011 | 2012 | 2013 | ||||||||||||||||||
--------------------------------------------Thousands of Dollars-------------------------------------------- | |||||||||||||||||||||||
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||||||
Earnings Before Income Taxes | $ | 1,017,634 | $ | 1,088,238 | $ | 1,203,742 | $ | 1,219,603 | $ | 1,214,477 | $ | 987,309 | |||||||||||
Distributed income of equity investees | 3,915 | — | 2,486 | 7,371 | 7,126 | 1,190 | |||||||||||||||||
Interest expense, net of amounts capitalized | 278,917 | 298,495 | 303,165 | 298,934 | 286,748 | 195,892 | |||||||||||||||||
Interest component of rental expense | 43,572 | 39,442 | 23,094 | 18,573 | 18,930 | 15,428 | |||||||||||||||||
AFUDC - Debt funds | 20,215 | 33,112 | 13,992 | 8,751 | 6,810 | 8,267 | |||||||||||||||||
Earnings as defined | $ | 1,364,253 | $ | 1,459,287 | $ | 1,546,479 | $ | 1,553,232 | $ | 1,534,091 | $ | 1,208,086 | |||||||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||||||
Interest on long-term debt | $ | 262,963 | $ | 287,066 | $ | 287,075 | $ | 279,880 | $ | 266,610 | $ | 180,832 | |||||||||||
Interest on affiliated loans | 11,340 | 10,291 | 7,196 | 7,119 | 7,476 | 5,298 | |||||||||||||||||
Interest on interim obligations | 1,070 | 69 | 15 | 44 | 9 | 17 | |||||||||||||||||
Amortization of debt discount, premium and expense, net | 11,688 | 11,050 | 10,368 | 9,437 | 10,062 | 10,064 | |||||||||||||||||
Other interest charges | 12,071 | 23,131 | 12,503 | 11,205 | 9,401 | 7,949 | |||||||||||||||||
Interest component of rental expense | 43,572 | 39,442 | 23,094 | 18,573 | 18,930 | 15,428 | |||||||||||||||||
Fixed charges as defined | $ | 342,704 | $ | 371,049 | $ | 340,251 | $ | 326,258 | $ | 312,488 | $ | 219,588 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 3.98 | 3.93 | 4.55 | 4.76 | 4.91 | 5.50 | |||||||||||||||||