Attached files
| file | filename |
|---|---|
| 8-K - 8-K - ALABAMA POWER CO | apc8k2016a.htm |
| EX-8.1 - EXHIBIT 8.1 - ALABAMA POWER CO | apc8k2016aex81.htm |
| EX-1.3 - EXHIBIT 1.3 - ALABAMA POWER CO | apc8k2016aex1-3.htm |
| EX-4.6 - EXHIBIT 4.6 - ALABAMA POWER CO | apc8k2016aex4-6.htm |
| EX-5.1 - EXHIBIT 5.1 - ALABAMA POWER CO | apc8k2016aex5-1.htm |
Exhibit 12.1 | |||||||||||||||||
ALABAMA POWER COMPANY | |||||||||||||||||
Computation of ratio of earnings to fixed charges for | |||||||||||||||||
the five years ended December 31, 2014 | |||||||||||||||||
and the nine months ended September 30, 2015 | |||||||||||||||||
Year ended December 31, | Nine Months Ended September 30, | ||||||||||||||||||||||
2010 | 2011 | 2012 | 2013 | 2014 | 2015 | ||||||||||||||||||
----------------------------------------------Thousands of Dollars------------------------------------------- | |||||||||||||||||||||||
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||||||
Earnings Before Income Taxes | $ | 1,203,742 | $ | 1,219,603 | $ | 1,214,477 | $ | 1,224,565 | $ | 1,304,874 | $ | 1,108,038 | |||||||||||
Distributed income of equity investees | 2,486 | 7,371 | 7,126 | 3,649 | 1,632 | 17 | |||||||||||||||||
Interest expense, net of amounts capitalized | 303,165 | 298,934 | 286,748 | 258,587 | 255,091 | 205,602 | |||||||||||||||||
Interest component of rental expense | 23,094 | 18,573 | 18,930 | 17,234 | 18,266 | 16,890 | |||||||||||||||||
AFUDC - Debt funds | 13,992 | 8,751 | 6,810 | 11,236 | 17,876 | 15,415 | |||||||||||||||||
Earnings as defined | $ | 1,546,479 | $ | 1,553,232 | $ | 1,534,091 | $ | 1,515,271 | $ | 1,597,739 | $ | 1,345,962 | |||||||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||||||
Interest on long-term debt | $ | 287,075 | $ | 279,880 | $ | 266,610 | $ | 239,681 | $ | 241,353 | $ | 197,081 | |||||||||||
Interest on affiliated loans | 7,196 | 7,119 | 7,476 | 7,081 | 6,958 | 5,270 | |||||||||||||||||
Interest on interim obligations | 15 | 44 | 9 | 17 | 18 | 19 | |||||||||||||||||
Amortization of debt discount, premium and expense, net | 10,368 | 9,437 | 10,062 | 13,374 | 13,401 | 10,357 | |||||||||||||||||
Other interest charges | 12,503 | 11,205 | 9,401 | 10,017 | 11,237 | 8,290 | |||||||||||||||||
Interest component of rental expense | 23,094 | 18,573 | 18,930 | 17,234 | 18,266 | 16,890 | |||||||||||||||||
Fixed charges as defined | $ | 340,251 | $ | 326,258 | $ | 312,488 | $ | 287,404 | $ | 291,233 | $ | 237,907 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 4.55 | 4.76 | 4.91 | 5.27 | 5.49 | 5.66 | |||||||||||||||||