Attached files
| file | filename |
|---|---|
| EX-12.2 - EXHIBIT 12.2 - ALABAMA POWER CO | ex12-2apc6302017.htm |
| EX-8.1 - EXHIBIT 8.1 - ALABAMA POWER CO | ala8kex8-1_2017preferred.htm |
| EX-5.1 - EXHIBIT 5.1 - ALABAMA POWER CO | ala8kex5-1_2017preferred.htm |
| EX-4.5 - EXHIBIT 4.5 - ALABAMA POWER CO | ala8kex4-5_2017preferred.htm |
| EX-1.3 - EXHIBIT 1.3 - ALABAMA POWER CO | ala8kex1-3_2017preferred.htm |
| 8-K - 8-K - ALABAMA POWER CO | apc8k2017preferred.htm |
Exhibit 12.1 | |||||||||||||||||
ALABAMA POWER COMPANY | |||||||||||||||||
Computation of ratio of earnings to fixed charges for | |||||||||||||||||
the five years ended December 31, 2016 | |||||||||||||||||
and the year to date June 30, 2017 | |||||||||||||||||
Year Ended December 31, | Six Months Ended June 30, | ||||||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | ||||||||||||||||||
---------------------------------------------Millions of Dollars----------------------------------------------- | |||||||||||||||||||||||
EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||||||
Earnings Before Income Taxes | $ | 1,214 | $ | 1,224 | $ | 1,305 | $ | 1,311 | $ | 1,363 | $ | 686 | |||||||||||
Distributed income of equity investees | 7 | 4 | 2 | — | 12 | 7 | |||||||||||||||||
Interest expense, net of amounts capitalized | 287 | 259 | 255 | 274 | 302 | 152 | |||||||||||||||||
Interest component of rental expense | 19 | 17 | 18 | 19 | 20 | 7 | |||||||||||||||||
AFUDC - Debt funds | 7 | 11 | 18 | 22 | 11 | 6 | |||||||||||||||||
Earnings as defined | $ | 1,534 | $ | 1,515 | $ | 1,598 | $ | 1,626 | $ | 1,708 | $ | 858 | |||||||||||
FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: | |||||||||||||||||||||||
Interest on long-term debt | $ | 267 | $ | 240 | $ | 241 | $ | 264 | $ | 278 | $ | 141 | |||||||||||
Interest on affiliated loans | 7 | 7 | 7 | 7 | 8 | 4 | |||||||||||||||||
Interest on interim obligations | — | — | — | — | — | — | |||||||||||||||||
Amortization of debt discount, premium and expense, net | 10 | 13 | 14 | 14 | 16 | 8 | |||||||||||||||||
Other interest charges | 9 | 10 | 11 | 11 | 10 | 5 | |||||||||||||||||
Interest component of rental expense | 19 | 17 | 18 | 19 | 20 | 7 | |||||||||||||||||
Fixed charges as defined | $ | 312 | $ | 287 | $ | 291 | $ | 315 | $ | 332 | $ | 165 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 4.91 | 5.27 | 5.49 | 5.16 | 5.14 | 5.20 | |||||||||||||||||