Attached files
| file | filename |
|---|---|
| EX-12.1 - EXHIBIT 12.1 - ALABAMA POWER CO | ex12-1apc6302017.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 12.2
ALABAMA POWER COMPANY
Computation of ratio of earnings to fixed charges plus preferred and preference
dividend requirements 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 | |||||||||||||||||
Tax deductible preferred dividends | 1 | 1 | 1 | 1 | 1 | 1 | |||||||||||||||||
313 | 288 | 292 | 316 | 333 | 166 | ||||||||||||||||||
Non-tax deductible preferred and preference dividends | 38 | 38 | 38 | 24 | 16 | 8 | |||||||||||||||||
Ratio of net income before taxes to net income | x | 1.642 | x | 1.635 | x | 1.639 | x | 1.625 | x | 1.633 | x | 1.671 | |||||||||||
Preferred and preference dividend requirements before income taxes | 62 | 62 | 62 | 39 | 26 | 13 | |||||||||||||||||
Fixed charges plus preferred and preference dividend requirements | $ | 375 | $ | 350 | $ | 354 | $ | 355 | $ | 359 | $ | 179 | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES PLUS PREFERRED AND PREFERENCE DIVIDEND REQUIREMENTS | 4.07 | 4.31 | 4.50 | 4.57 | 4.74 | 4.79 | |||||||||||||||||