EX-12.1 9 ex12.txt
ALABAMA POWER COMPANY Computation of ratio of earnings to fixed charges for the five years ended December 31, 2001 and the year to date September 30, 2002 Nine Months Ended Year ended December 31, September 30, ---------------------------------------------------------------------------- 1997 1998 1999 2000 2001 2002 ---- ---- ---- ---- ---- ---- -------------------Thousands of Dollars------------------------------------ EARNINGS AS DEFINED IN ITEM 503 OF REGULATION S-K: Earnings Before Interest and Income Taxes $ 840,108 $ 896,380 $ 903,557 $ 962,223 $ 925,031 $ 836,562 AFUDC - Debt funds 4,855 4,664 11,010 20,197 9,569 5,176 Earnings as defined $ 844,963 $ 901,044 $ 914,567 $ 982,420 $ 934,600 $ 841,738 FIXED CHARGES AS DEFINED IN ITEM 503 OF REGULATION S-K: Interest on long-term debt $ 169,536 $ 194,559 $ 193,968 $ 222,530 $ 220,627 $ 157,006 Interest on affiliated loans 725 Interest on interim obligations 22,787 11,012 9,865 10,759 14,638 1,149 Amort of debt disc, premium and expense, net 9,657 42,506 11,171 11,668 11,740 9,355 Other interest charges 42,381 40,445 39,819 38,661 35,129 24,704 Fixed charges as defined $ 244,361 $ 288,522 $ 254,823 $ 283,618 $ 282,134 $ 192,939 RATIO OF EARNINGS TO FIXED CHARGES 3.46 3.12 3.59 3.46 3.31 4.36 ===== ===== ===== ===== ===== =====